Fluorides; of Aluminium Price in India - 2023

Contents:

  1. Fluorides; of Aluminium Price in India (CIF) - 2023
  2. Fluorides; of Aluminium Price in India (FOB) - 2023
  3. Fluorides; of Aluminium Imports in India
  4. Fluorides; of Aluminium Exports in India

Fluorides; of Aluminium Price in India (CIF) - 2023

The average fluorides; of aluminium import price stood at $818 per ton in September 2023, flattening at the previous month. Over the period under review, the import price showed a mild descent. The most prominent rate of growth was recorded in October 2022 when the average import price increased by 18% against the previous month. Over the period under review, average import prices hit record highs at $1,239 per ton in May 2023; however, from June 2023 to September 2023, import prices remained at a lower figure.

There were significant differences in the average prices amongst the major supplying countries. In September 2023, the country with the highest price was Italy ($1,374 per ton), while the price for Bahrain ($97.0 per ton) was amongst the lowest.

From September 2022 to September 2023, the most notable rate of growth in terms of prices was attained by Sweden (+4.2%), while the prices for the other major suppliers experienced more modest paces of growth.

Fluorides; of Aluminium Price in India (FOB) - 2023

In September 2023, the average fluorides; of aluminium export price amounted to $208 per ton, flattening at the previous month. In general, the export price saw a deep setback. The most prominent rate of growth was recorded in October 2022 an increase of 783% m-o-m. As a result, the export price reached the peak level of $15,151 per ton. From November 2022 to September 2023, the the average export prices remained at a somewhat lower figure.

As there is only one major export destination, the average price level is determined by prices for Turkey.

From September 2022 to September 2023, the rate of growth in terms of prices for Japan amounted to -0.8% per month.

Fluorides; of Aluminium Imports in India

In 2022, after three years of growth, there was decline in supplies from abroad of fluorides; of aluminia, when their volume decreased by -0.2% to 67K tons. The total import volume increased at an average annual rate of +12.3% over the period from 2019 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The most prominent rate of growth was recorded in 2021 when imports increased by 24%. As a result, imports reached the peak of 67K tons, leveling off in the following year.

In value terms, fluorides; of aluminium imports skyrocketed to $83M in 2022. The total import value increased at an average annual rate of +9.1% from 2019 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. As a result, imports attained the peak and are likely to continue growth in the immediate term.

Import of Fluorides; of Aluminium in India (Million USD)
COUNTRY2019202020212022CAGR,
2019-2022
China32.129.812.342.59.8%
Mexico11.44.414.311.1-0.9%
Italy5.315.911.010.927.2%
United Arab EmiratesN/A3.215.87.755.1%
Indonesia5.72.60.25.70.0%
Jordan6.81.21.91.1-45.5%
CroatiaN/AN/AN/A0.80%
BahrainN/AN/A0.50.50.0%
QatarN/A0.92.10.5-25.5%
Others2.50.45.02.0-7.2%
Total63.858.463.082.89.1%

Top Suppliers of Fluorides; of Aluminium to India in 2022:

  1. China (27.7K tons)
  2. Mexico (8.6K tons)
  3. Italy (6.4K tons)
  4. Croatia (5.0K tons)
  5. Indonesia (4.7K tons)
  6. United Arab Emirates (4.6K tons)
  7. Qatar (3.6K tons)
  8. Bahrain (3.4K tons)
  9. Jordan (1.0K tons)

Fluorides; of Aluminium Exports in India

In 2022, overseas shipments of fluorides; of aluminia decreased by -1% to 605 tons, falling for the second consecutive year after two years of growth. Over the period under review, exports showed a deep contraction. The most prominent rate of growth was recorded in 2020 with an increase of 50%. As a result, the exports reached the peak of 1.5K tons. From 2021 to 2022, the growth of the exports remained at a lower figure.

In value terms, fluorides; of aluminium exports declined notably to $620K in 2022. Overall, exports continue to indicate a sharp reduction. The most prominent rate of growth was recorded in 2020 with an increase of 53% against the previous year. As a result, the exports attained the peak of $1.9M. From 2021 to 2022, the growth of the exports failed to regain momentum.

Export of Fluorides; of Aluminium in India (Thousand USD)
COUNTRY2019202020212022CAGR,
2019-2022
United Arab Emirates410846N/A367-3.6%
Japan674899901235-29.6%
TurkeyN/AN/A36112.4-96.6%
South Africa175179N/AN/A2.3%
Others3.39.827.86.324.1%
Total1,2631,9341,290620-21.1%

Top Export Markets for Fluorides; of Aluminium from India in 2022:

  1. United Arab Emirates (450.4 tons)
  2. Japan (140.0 tons)
  3. Turkey (10.0 tons)

Source: IndexBox Market Intelligence Platform

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