Aluminium Wire Price in Russia - 2022

Aluminium Wire Price in Russia (FOB) - 2022

The average aluminium wire export price stood at $2,193 per ton in January 2022, which is down by -13.6% against the previous month. Over the period from January 2021 to January 2022, it increased at an average monthly rate of +2.9%. The most prominent rate of growth was recorded in February 2021 when the average export price increased by 36% m-o-m. The export price peaked at $2,609 per ton in November 2021; however, from December 2021 to January 2022, the export prices remained at a lower figure.

There were significant differences in the average prices for the major export markets. In January 2022, the country with the highest price was Ukraine ($3,191 per ton), while the average price for exports to the Netherlands ($1,585 per ton) was amongst the lowest.

From January 2021 to January 2022, the most notable rate of growth in terms of prices was recorded for supplies to Ukraine (+5.8%), while the prices for the other major destinations experienced more modest paces of growth.

Aluminium Wire Price in Russia (CIF) - 2022

The average aluminium wire import price stood at $3,788 per ton in 2022, falling by -6.1% against the previous year. Overall, the import price showed a relatively flat trend pattern. The most prominent rate of growth was recorded in 2013 when the average import price increased by 15% against the previous year. As a result, import price reached the peak level of $4,479 per ton. From 2014 to 2022, the average import prices remained at a somewhat lower figure.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Poland ($8,830 per ton), while the price for Belarus ($1,293 per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Poland (+11.2%), while the prices for the other major suppliers experienced mixed trend patterns.

Aluminium Wire Exports in Russia

In 2022, shipments abroad of aluminium wires decreased by -8.5% to 215K tons for the first time since 2018, thus ending a three-year rising trend. The total export volume increased at an average annual rate of +8.0% over the period from 2019 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The most prominent rate of growth was recorded in 2021 with an increase of 21% against the previous year. As a result, the exports attained the peak of 235K tons, and then reduced in the following year.

In value terms, aluminium wire exports reduced markedly to $409M in 2022. In general, total exports indicated a measured increase from 2019 to 2022: its value increased at an average annual rate of +3.8% over the last three-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, exports increased by +28.7% against 2020 indices. The most prominent rate of growth was recorded in 2021 when exports increased by 57%. As a result, the exports reached the peak of $500M, and then reduced remarkably in the following year.

Export of Aluminium Wire in Russia (Million USD)
COUNTRY	2019	2020	2021	2022	CAGR, 2019-2022
Turkey	8.2	20.0	28.2	164	171.4%
Poland	33.4	34.4	93.6	53.8	17.2%
United States	46.8	40.6	61.6	50.3	2.4%
Belarus	92.3	64.8	104	24.1	-36.1%
Netherlands	13.0	14.9	16.1	21.2	17.7%
Mexico	8.2	8.8	8.2	15.4	23.4%
Ukraine	35.7	29.3	39.7	10.7	-33.1%
South Korea	N/A	5.3	10.1	8.7	28.1%
Estonia	3.8	12.9	21.8	8.0	28.2%
Kazakhstan	20.2	29.0	23.5	7.6	-27.8%
Switzerland	57.1	N/A	N/A	N/A	0%
Others	46.8	57.7	93.8	45.6	-0.9%
Total	365	318	500	409	3.9%

Top Export Markets for Aluminium Wire from Russia in 2022:

Turkey (94.9K tons)
Poland (27.4K tons)
United States (24.0K tons)
Netherlands (15.4K tons)
Belarus (9.0K tons)
Mexico (7.7K tons)
South Korea (4.2K tons)
Ukraine (3.9K tons)
Estonia (3.9K tons)
Kazakhstan (2.9K tons)

Aluminium Wire Imports in Russia

Aluminium wire imports into Russia dropped to 4.9K tons in 2022, which is down by -12.8% compared with 2021. Over the period under review, imports saw a pronounced reduction. The pace of growth was the most pronounced in 2021 when imports increased by 40%. As a result, imports reached the peak of 5.6K tons, and then dropped in the following year.

In value terms, aluminium wire imports fell rapidly to $19M in 2022. Overall, total imports indicated slight growth from 2019 to 2022: its value increased at an average annual rate of +1.3% over the last three-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +28.3% against 2020 indices. The most prominent rate of growth was recorded in 2021 when imports increased by 57% against the previous year. As a result, imports attained the peak of $23M, and then reduced dramatically in the following year.

Import of Aluminium Wire in Russia (Million USD)
COUNTRY	2019	2020	2021	2022	CAGR, 2019-2022
China	2.4	2.3	4.9	9.2	56.5%
Spain	3.1	3.0	2.3	2.7	-4.5%
Germany	3.5	3.2	5.1	2.6	-9.4%
Kazakhstan	3.5	1.3	5.0	2.0	-17.0%
Netherlands	3.7	3.0	2.9	0.7	-42.6%
Turkey	N/A	0.2	0.2	0.5	58.1%
Belarus	0.1	0.1	0.1	0.2	26.0%
Italy	0.4	0.4	0.9	N/A	50.0%
Others	1.1	1.0	1.3	0.6	-18.3%
Total	17.9	14.5	22.6	18.6	1.3%