Aluminium Wire Price in the United Arab Emirates - 2021
Contents:
- Aluminium Wire Price in the United Arab Emirates (FOB) - 2022
- Aluminium Wire Price in the United Arab Emirates (CIF) - 2022
- Aluminium Wire Exports in the United Arab Emirates
- Aluminium Wire Imports in the United Arab Emirates
Aluminium Wire Price in the United Arab Emirates (FOB) - 2022
In 2022, the average aluminium wire export price amounted to $2,336 per ton, dropping by -14% against the previous year. In general, the export price saw a relatively flat trend pattern. The pace of growth was the most pronounced in 2021 an increase of 30%. As a result, the export price reached the peak level of $2,715 per ton, and then contracted in the following year.
Average prices varied noticeably for the major overseas markets. In 2022, amid the top suppliers, the country with the highest price was Turkey ($2,616 per ton), while the average price for exports to South Africa ($2,216 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 Turkey (+0.9%), while the prices for the other major destinations experienced a decline.
Aluminium Wire Price in the United Arab Emirates (CIF) - 2022
In 2022, the average aluminium wire import price amounted to $5,573 per ton, jumping by 95% against the previous year. Overall, the import price recorded a strong expansion. As a result, import price reached the peak level and is likely to continue growth in the immediate term.
Average prices varied noticeably amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was Turkey ($5,624 per ton), while the price for Switzerland totaled $5,563 per ton.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Bahrain (+7.4%), while the prices for the other major suppliers experienced more modest paces of growth.
Aluminium Wire Exports in the United Arab Emirates
In 2022, after two years of decline, there was significant growth in shipments abroad of aluminium wires, when their volume increased by 25% to 52K tons. In general, exports, however, showed a abrupt curtailment.
In value terms, aluminium wire exports rose sharply to $121M in 2022. Overall, exports, however, recorded a deep downturn.
| Export of Aluminium Wire in the United Arab Emirates (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| South Africa | 4.0 | 9.2 | 7.7 | 75.8 | 166.6% |
| Turkey | N/A | N/A | 1.2 | 35.9 | 2891.7% |
| Brazil | 0.5 | 1.7 | 2.6 | 8.9 | 161.1% |
| Kenya | 5.2 | 4.5 | 6.1 | N/A | 8.3% |
| Jordan | 3.5 | 5.4 | 5.5 | N/A | 25.4% |
| Morocco | 12.2 | 9.8 | 9.2 | N/A | -13.2% |
| United States | 35.6 | 8.5 | 1.0 | N/A | -83.2% |
| Lebanon | 6.3 | 2.1 | 1.8 | N/A | -46.5% |
| Tanzania | 15.5 | 6.4 | 18.0 | N/A | 7.8% |
| Kuwait | 2.8 | 11.0 | 3.3 | N/A | 8.6% |
| Egypt | 4.0 | 9.4 | 7.9 | N/A | 40.5% |
| Canada | 4.4 | 0.7 | 5.9 | N/A | 15.8% |
| Saudi Arabia | 52.7 | 51.9 | 18.4 | N/A | -40.9% |
| Others | 13.2 | 8.5 | 24.2 | 0.4 | -68.8% |
| Total | 160 | 129 | 113 | 121 | -8.9% |
Top Export Markets for Aluminium Wire from the United Arab Emirates in 2022:
- South Africa (34.2K tons)
- Turkey (13.7K tons)
- Brazil (3.7K tons)
Aluminium Wire Imports in the United Arab Emirates
After three years of growth, overseas purchases of aluminium wires decreased by -56.2% to 3.8K tons in 2022. In general, imports recorded a abrupt slump. The growth pace was the most rapid in 2020 with an increase of 38%.
In value terms, aluminium wire imports dropped to $21M in 2022. Over the period under review, total imports indicated a resilient expansion from 2019 to 2022: its value increased at an average annual rate of +9.5% 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 +31.3% against 2019 indices. The pace of growth was the most pronounced in 2021 when imports increased by 41%. As a result, imports reached the peak of $25M, and then dropped in the following year.
| Import of Aluminium Wire in the United Arab Emirates (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Switzerland | 0.1 | 0.1 | 0.1 | 17.5 | 459.3% |
| Turkey | N/A | N/A | N/A | 3.5 | 0% |
| Spain | 1.7 | 0.6 | 3.0 | N/A | 32.8% |
| Germany | 0.8 | 0.8 | 1.0 | N/A | 11.8% |
| Mozambique | 1.8 | N/A | N/A | N/A | 0% |
| China | 0.9 | 1.4 | 2.5 | N/A | 66.7% |
| United Kingdom | 2.0 | 1.3 | 1.2 | N/A | -22.5% |
| India | 2.6 | 7.1 | 9.6 | N/A | 92.2% |
| Oman | 0.7 | 2.4 | 2.4 | N/A | 85.2% |
| Netherlands | 0.8 | 0.2 | 1.3 | N/A | 27.5% |
| Saudi Arabia | 3.6 | 2.1 | 1.5 | N/A | -35.5% |
| Others | 0.8 | 1.5 | 2.1 | N/A | 62.0% |
| Total | 16.0 | 17.4 | 24.6 | 21.0 | 9.5% |
Top Suppliers of Aluminium Wire to the United Arab Emirates in 2022:
- Switzerland (3.2K tons)
- Turkey (0.6K tons)
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