Aluminium Wire Price in Sweden - 2023
Contents:
- Aluminium Wire Price in Sweden (CIF) - 2023
- Aluminium Wire Price in Sweden (FOB) - 2023
- Aluminium Wire Imports in Sweden
- Aluminium Wire Exports in Sweden
Aluminium Wire Price in Sweden (CIF) - 2023
In July 2023, the average aluminium wire import price amounted to $3,631 per ton, with an increase of 7% against the previous month. In general, the import price continues to indicate a relatively flat trend pattern. The pace of growth appeared the most rapid in January 2023 an increase of 13% month-to-month. As a result, import price reached the peak level of $3,700 per ton. From February 2023 to July 2023, the average import prices failed to regain momentum.
Prices varied noticeably by the country of origin: the country with the highest price was the Netherlands ($4,703 per ton), while the price for Poland ($3,112 per ton) was amongst the lowest.
From July 2022 to July 2023, the most notable rate of growth in terms of prices was attained by the Netherlands (+2.3%), while the prices for the other major suppliers experienced mixed trend patterns.
Aluminium Wire Price in Sweden (FOB) - 2023
In July 2023, the average aluminium wire export price amounted to $3,447 per ton, dropping by -20.6% against the previous month. Over the period under review, the export price recorded a deep contraction. The most prominent rate of growth was recorded in February 2023 an increase of 36% m-o-m. The export price peaked at $9,364 per ton in July 2022; however, from August 2022 to July 2023, the export prices remained at a lower figure.
Prices varied noticeably by the country of destination: the country with the highest price was Norway ($8,697 per ton), while the average price for exports to Italy ($3,008 per ton) was amongst the lowest.
From July 2022 to July 2023, the most notable rate of growth in terms of prices was recorded for supplies to the United States (+17.5%), while the prices for the other major destinations experienced more modest paces of growth.
Aluminium Wire Imports in Sweden
In 2022, approx. 41K tons of aluminium wires were imported into Sweden; dropping by -9% against 2021 figures. Over the period under review, imports, however, recorded a relatively flat trend pattern. The pace of growth was the most pronounced in 2021 with an increase of 18% against the previous year. As a result, imports attained the peak of 45K tons, and then reduced in the following year.
In value terms, aluminium wire imports contracted sharply to $109M in 2022. Overall, total imports indicated a prominent increase from 2019 to 2022: its value increased at an average annual rate of +5.0% 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 +32.9% against 2020 indices. The pace of growth was the most pronounced in 2021 with an increase of 66%. As a result, imports attained the peak of $136M, and then dropped notably in the following year.
| Import of Aluminium Wire in Sweden (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Norway | 58.2 | 41.6 | 86.0 | 61.8 | 2.0% |
| Netherlands | 0.9 | 0.4 | 10.1 | 13.0 | 143.5% |
| Bahrain | N/A | N/A | N/A | 7.3 | 0% |
| Russia | 5.6 | 5.6 | 14.4 | 6.1 | 2.9% |
| Italy | 12.9 | 8.5 | 11.7 | 6.0 | -22.5% |
| Malaysia | N/A | N/A | N/A | 2.4 | 0% |
| Spain | 2.7 | 12.6 | 5.1 | 0.5 | -43.0% |
| United Kingdom | 7.8 | 5.7 | N/A | N/A | -26.9% |
| Others | 6.1 | 7.7 | 8.7 | 12.0 | 25.3% |
| Total | 94.2 | 82.1 | 136 | 109 | 5.0% |
Top Suppliers of Aluminium Wire to Sweden in 2022:
- United Kingdom (undefinedK tons)
- Norway (24.7K tons)
- Netherlands (4.8K tons)
- Bahrain (2.6K tons)
- Russia (2.4K tons)
- Italy (2.1K tons)
- Malaysia (0.8K tons)
- Spain (0.1K tons)
Aluminium Wire Exports in Sweden
In 2022, the amount of aluminium wires exported from Sweden reduced to 928 tons, which is down by -8.3% compared with 2021. In general, exports recorded a deep slump. The pace of growth was the most pronounced in 2021 with an increase of 38% against the previous year.
In value terms, aluminium wire exports dropped markedly to $3M in 2022. Overall, exports faced a abrupt downturn. The pace of growth appeared the most rapid in 2021 when exports increased by 54%.
| Export of Aluminium Wire in Sweden (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Belgium | 0.1 | 0.1 | 0.1 | 1,002 | 2055.9% |
| Norway | 661 | 1,148 | 834 | 587 | -3.9% |
| Estonia | 7.1 | 3.2 | 668 | 478 | 306.8% |
| Italy | 2,838 | 275 | 425 | 335 | -50.9% |
| Japan | N/A | 30.7 | 36.7 | 205 | 158.4% |
| Finland | 315 | 396 | 983 | 123 | -26.9% |
| United States | 2.1 | 2.5 | 3.6 | 74.9 | 229.2% |
| Germany | 972 | 360 | 243 | 56.3 | -61.3% |
| Denmark | 34.9 | 57.4 | 214 | 2.8 | -56.9% |
| Others | 350 | 118 | 277 | 173 | -20.9% |
| Total | 5,181 | 2,390 | 3,685 | 3,038 | -16.3% |
Top Export Markets for Aluminium Wire from Sweden in 2022:
- Belgium (364.4 tons)
- Estonia (193.3 tons)
- Norway (129.3 tons)
- Italy (90.6 tons)
- Japan (52.5 tons)
- Finland (27.9 tons)
- United States (19.1 tons)
- Germany (18.3 tons)
- Denmark (2.9 tons)
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