Aluminium Wire Price in Qatar - 2023

Contents:

1. Aluminium Wire Price in Qatar (CIF) - 2023
2. Aluminium Wire Imports in Qatar

Aluminium Wire Price in Qatar (CIF) - 2023

In June 2023, the average aluminium wire import price amounted to $2,631 per ton, reducing by -8.7% against the previous month. Over the period under review, the import price recorded a perceptible contraction. The growth pace was the most rapid in March 2023 when the average import price increased by 74% against the previous month. Over the period under review, average import prices attained the peak figure at $6,364 per ton in July 2022; however, from August 2022 to June 2023, import prices remained at a lower figure.

As there is only one major supplying country, the average price level is determined by prices for India.

From June 2022 to June 2023, the rate of growth in terms of prices for the United Arab Emirates amounted to +0.3% per month.

Aluminium Wire Imports in Qatar

In 2022, supplies from abroad of aluminium wires decreased by -45.2% to 787 tons for the first time since 2018, thus ending a three-year rising trend. Over the period under review, imports, however, saw a significant expansion. The pace of growth was the most pronounced in 2021 with an increase of 212%. As a result, imports reached the peak of 1.4K tons, and then contracted sharply in the following year.

In value terms, aluminium wire imports reduced notably to $2.7M in 2022. In general, imports, however, recorded a prominent increase. The pace of growth appeared the most rapid in 2021 when imports increased by 198%. As a result, imports reached the peak of $4.6M, and then dropped dramatically in the following year.

Top Suppliers of Aluminium Wire to Qatar in 2022:

1. Spain (353.3 tons)
2. Netherlands (183.9 tons)
3. China (111.5 tons)
4. United Kingdom (64.6 tons)
5. India (11.9 tons)
6. Oman (11.7 tons)

Source: IndexBox Market Intelligence Platform