Aluminium Wire Price in the UK - 2023
Contents:
- Aluminium Wire Price in the UK (FOB) - 2022
- Aluminium Wire Price in the UK (CIF) - 2022
- Aluminium Wire Exports in the UK
- Aluminium Wire Imports in the UK
Aluminium Wire Price in the UK (FOB) - 2022
In 2022, the average aluminium wire export price amounted to $3,262 per ton, falling by -9.4% against the previous year. Over the period under review, the export price, however, recorded modest growth. The growth pace was the most rapid in 2021 when the average export price increased by 41% against the previous year. The export price peaked at $3,710 per ton in 2018; however, from 2019 to 2022, the export prices failed to regain momentum.
There were significant differences in the average prices for the major foreign markets. In 2022, amid the top suppliers, the country with the highest price was Japan ($4,080 per ton), while the average price for exports to Italy ($2,331 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 Japan (+4.0%), while the prices for the other major destinations experienced more modest paces of growth.
Aluminium Wire Price in the UK (CIF) - 2022
In 2022, the average aluminium wire import price amounted to $1,380 per ton, waning by -16.2% against the previous year. In general, the import price showed a abrupt downturn. The growth pace was the most rapid in 2021 an increase of 8.9% against the previous year. Over the period under review, average import prices attained the maximum at $3,139 per ton in 2012; however, from 2013 to 2022, import prices stood at a somewhat lower figure.
Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Germany ($1,844 per ton), while the price for Poland ($915 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Spain (-2.7%), while the prices for the other major suppliers experienced a decline.
Aluminium Wire Exports in the UK
In 2022, overseas shipments of aluminium wires increased by 41% to 13K tons for the first time since 2019, thus ending a two-year declining trend. Overall, exports, however, recorded a abrupt decline.
In value terms, aluminium wire exports skyrocketed to $44M in 2022. Over the period under review, exports, however, showed a abrupt shrinkage.
| Export of Aluminium Wire in the UK (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| China | 8.2 | 6.9 | 4.3 | 6.8 | -6.0% |
| Japan | 5.9 | 4.4 | 3.5 | 3.9 | -12.9% |
| South Korea | 5.0 | 5.1 | 1.8 | 3.1 | -14.7% |
| Thailand | 3.6 | 3.0 | 1.8 | 2.8 | -8.0% |
| France | 5.2 | 3.4 | 1.5 | 2.6 | -20.6% |
| Turkey | 2.4 | 2.1 | 1.1 | 2.3 | -1.4% |
| Germany | 4.1 | 2.2 | 0.8 | 1.8 | -24.0% |
| United States | 3.7 | 2.9 | 0.6 | 1.8 | -21.4% |
| United Arab Emirates | 3.0 | 2.2 | 0.8 | 1.6 | -18.9% |
| Bahrain | 2.3 | 0.3 | 1.0 | 1.5 | -13.3% |
| Austria | 2.7 | 1.7 | 0.8 | 1.4 | -19.7% |
| Italy | 2.3 | 2.5 | 0.3 | 1.2 | -19.5% |
| India | 2.7 | 1.3 | 0.7 | 1.2 | -23.7% |
| Others | 17.5 | 15.1 | 15.2 | 11.5 | -13.1% |
| Total | 68.5 | 53.1 | 34.1 | 43.6 | -14.0% |
Top Export Markets for Aluminium Wire from the UK in 2022:
- China (2046.1 tons)
- South Korea (1028.8 tons)
- Japan (955.1 tons)
- France (830.7 tons)
- Thailand (805.8 tons)
- Germany (660.0 tons)
- Turkey (628.6 tons)
- United Arab Emirates (526.9 tons)
- Italy (525.3 tons)
- Austria (509.0 tons)
- Bahrain (495.1 tons)
- India (485.0 tons)
- United States (446.2 tons)
Aluminium Wire Imports in the UK
In 2022, approx. 20K tons of aluminium wires were imported into the UK; picking up by 19% compared with the year before. The total import volume increased at an average annual rate of +12.2% over the period from 2019 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The pace of growth was the most pronounced in 2020 when imports increased by 28%. Over the period under review, imports hit record highs in 2022 and are likely to see gradual growth in years to come.
In value terms, aluminium wire imports shrank to $27M in 2022. Overall, imports, however, continue to indicate a mild reduction. The growth pace was the most rapid in 2021 with an increase of 1% against the previous year.
| Import of Aluminium Wire in the UK (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Mozambique | 11.3 | 15.0 | 15.8 | 16.9 | 14.4% |
| Norway | 9.3 | 7.5 | 5.8 | 6.2 | -12.6% |
| Germany | 2.4 | 1.9 | 0.7 | 1.2 | -20.6% |
| Poland | 0.6 | 0.3 | 0.3 | 0.3 | -20.6% |
| Others | 4.5 | 2.3 | 4.8 | 2.6 | -16.7% |
| Total | 28.1 | 27.0 | 27.2 | 27.1 | -1.2% |
Top Suppliers of Aluminium Wire to the UK in 2022:
- Mozambique (10.6K tons)
- Norway (6.4K tons)
- Germany (0.6K tons)
- Poland (0.3K tons)
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During the period of June to September 2023, the exports of Aluminium Alloy Wire experienced a moderate growth. In terms of value, the exports of Aluminium Alloy Wire reached $1.8M in September 2023.
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