Aluminium Wire Price in Singapore - 2022

Aluminium Wire Price in Singapore (FOB) - 2022

The average aluminium wire export price stood at $10,731 per ton in 2022, shrinking by -11.7% against the previous year. Overall, export price indicated a moderate expansion from 2012 to 2022: its price increased at an average annual rate of +2.2% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, aluminium wire export price increased by +30.2% against 2017 indices. The growth pace was the most rapid in 2016 when the average export price increased by 44%. Over the period under review, the average export prices hit record highs at $12,158 per ton in 2021, and then declined in the following year.

There were significant differences in the average prices for the major export markets. In 2022, amid the top suppliers, the country with the highest price was China ($23,409 per ton), while the average price for exports to Vietnam ($1,029 per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Malaysia (+11.9%), while the prices for the other major destinations experienced more modest paces of growth.

Aluminium Wire Price in Singapore (CIF) - 2022

In September 2022, the average aluminium wire import price amounted to $25,304 per ton, rising by 62% against the previous month. Over the period under review, the import price showed a strong expansion. The most prominent rate of growth was recorded in April 2022 an increase of 120% month-to-month. The import price peaked at $39,139 per ton in May 2022; however, from June 2022 to September 2022, import prices remained at a lower figure.

Prices varied noticeably by the country of origin: the country with the highest price was Japan ($51,233 per ton), while the price for India ($8,539 per ton) was amongst the lowest.

From January 2022 to September 2022, the most notable rate of growth in terms of prices was attained by China (+23.4%), while the prices for the other major suppliers experienced more modest paces of growth.

Aluminium Wire Exports in Singapore

In 2022, the amount of aluminium wires exported from Singapore dropped to 1.8K tons, which is down by -5.2% compared with 2021. Over the period under review, exports faced a sharp curtailment. The growth pace was the most rapid in 2021 when exports increased by 7.3%.

In value terms, aluminium wire exports shrank markedly to $19M in 2022. Overall, exports continue to indicate a dramatic decline. The growth pace was the most rapid in 2021 with an increase of 48% against the previous year.

Export of Aluminium Wire in Singapore (Million USD)
COUNTRY	2019	2020	2021	2022	CAGR, 2019-2022
Philippines	26.5	0.3	1.0	5.6	-40.4%
China	2.6	4.3	7.7	4.7	21.8%
Malaysia	4.0	3.8	5.7	3.5	-4.4%
Taiwan (Chinese)	0.2	0.9	1.5	0.9	65.1%
Hong Kong SAR	0.5	1.0	1.5	0.9	21.6%
United States	1.6	1.3	0.6	0.7	-24.1%
Thailand	1.5	0.9	1.1	0.7	-22.4%
Germany	0.5	0.5	1.0	0.6	6.3%
Indonesia	0.8	0.8	0.9	0.5	-14.5%
Vietnam	0.3	0.2	0.2	0.1	-30.7%
Others	1.2	1.5	1.9	1.1	-2.9%
Total	39.8	15.6	23.1	19.3	-21.4%

Top Export Markets for Aluminium Wire from Singapore in 2022:

Philippines (539.5 tons)
Malaysia (293.5 tons)
Indonesia (221.1 tons)
China (201.3 tons)
Vietnam (124.7 tons)
United States (77.7 tons)
Thailand (74.4 tons)
Hong Kong SAR (74.4 tons)
Taiwan (Chinese) (68.7 tons)
Germany (38.2 tons)

Aluminium Wire Imports in Singapore

In 2022, imports of aluminium wires into Singapore fell markedly to 754 tons, with a decrease of -21.4% on the previous year. Overall, total imports indicated a noticeable increase from 2019 to 2022: its volume increased at an average annual rate of +4.2% over the last three years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +28.5% against 2020 indices. The pace of growth appeared the most rapid in 2021 with an increase of 64% against the previous year. As a result, imports reached the peak of 959 tons, and then shrank dramatically in the following year.

In value terms, aluminium wire imports dropped remarkably to $7.1M in 2022. Over the period under review, imports, however, saw prominent growth. The pace of growth appeared the most rapid in 2021 with an increase of 95%. As a result, imports reached the peak of $9.4M, and then dropped remarkably in the following year.

Import of Aluminium Wire in Singapore (Thousand USD)
COUNTRY	2019	2020	2021	2022	CAGR, 2019-2022
Japan	705	1,546	5,781	4,064	79.3%
China	580	768	1,429	1,005	20.1%
Malaysia	838	665	535	469	-17.6%
Italy	583	792	554	444	-8.7%
United States	1,098	322	424	424	-27.2%
Germany	72.5	48.3	279	196	39.3%
United Kingdom	353	406	52.6	187	-19.1%
Others	374	290	379	347	-2.5%
Total	4,605	4,837	9,434	7,136	15.7%