Price for Aluminium; Alloys, Bars, Rods and Profiles, Other than Hollow in Morocco - 2023
Contents:
- Price for Aluminium; Alloys, Bars, Rods and Profiles, Other than Hollow in Morocco (CIF) - 2023
- Price for Aluminium; Alloys, Bars, Rods and Profiles, Other than Hollow in Morocco (FOB) - 2023
- Imports of Aluminium; Alloys, Bars, Rods and Profiles, Other than Hollow in Morocco
- Exports of Aluminium; Alloys, Bars, Rods and Profiles, Other than Hollow in Morocco
Price for Aluminium; Alloys, Bars, Rods and Profiles, Other than Hollow in Morocco (CIF) - 2023
The average import price for aluminium; alloys, bars, rods and profiles, other than hollows stood at $5,326 per ton in June 2023, remaining relatively unchanged against the previous month. Overall, the import price, however, recorded a mild curtailment. The pace of growth was the most pronounced in February 2023 when the average import price increased by 15% m-o-m. Over the period under review, average import prices hit record highs at $6,361 per ton in June 2022; however, from July 2022 to June 2023, import prices failed to regain momentum.
There were significant differences in the average prices amongst the major supplying countries. In June 2023, the country with the highest price was France ($11,976 per ton), while the price for the United Arab Emirates ($2,177 per ton) was amongst the lowest.
From June 2022 to June 2023, the most notable rate of growth in terms of prices was attained by Italy (+1.8%), while the prices for the other major suppliers experienced more modest paces of growth.
Price for Aluminium; Alloys, Bars, Rods and Profiles, Other than Hollow in Morocco (FOB) - 2023
The average export price for aluminium; alloys, bars, rods and profiles, other than hollows stood at $4,953 per ton in June 2023, with a decrease of -14.9% against the previous month. Overall, the export price continues to indicate a slight contraction. The most prominent rate of growth was recorded in December 2022 an increase of 87% against the previous month. As a result, the export price reached the peak level of $8,432 per ton. From January 2023 to June 2023, the the average export prices remained at a lower figure.
Average prices varied noticeably for the major overseas markets. In June 2023, the highest price was recorded for prices to Senegal ($5,589 per ton) and France ($5,101 per ton), while the average price for exports to Spain ($4,800 per ton) and Cote d'Ivoire ($5,006 per ton) were amongst the lowest.
From June 2022 to June 2023, the most notable rate of growth in terms of prices was recorded for supplies to the United States (+20.8%), while the prices for the other major destinations experienced a decline.
Imports of Aluminium; Alloys, Bars, Rods and Profiles, Other than Hollow in Morocco
In 2022, imports of aluminium; alloys, bars, rods and profiles, other than hollows into Morocco shrank significantly to 7.6K tons, declining by -20.1% on the previous year's figure. Overall, imports recorded a mild contraction. The pace of growth was the most pronounced in 2021 when imports increased by 39% against the previous year. As a result, imports reached the peak of 9.5K tons, and then reduced notably in the following year.
In value terms, imports of aluminium; alloys, bars, rods and profiles, other than hollows declined to $41M in 2022. Over the period under review, total imports indicated a strong expansion from 2019 to 2022: its value increased at an average annual rate of +5.6% 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 +42.4% against 2020 indices. The most prominent rate of growth was recorded in 2021 when imports increased by 53% against the previous year. As a result, imports attained the peak of $44M, and then reduced in the following year.
| Import of Aluminium; Alloys, Bars, Rods and Profiles, Other than Hollow in Morocco (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Spain | 9.4 | 7.9 | 10.2 | 10.6 | 4.1% |
| Egypt | 7.5 | 8.4 | 12.5 | 10.3 | 11.2% |
| France | 5.0 | 2.3 | 4.2 | 5.5 | 3.2% |
| Turkey | 2.1 | 3.3 | 4.9 | 3.9 | 22.9% |
| Tunisia | 1.0 | 0.8 | 2.1 | 2.3 | 32.0% |
| United Arab Emirates | 0.8 | 1.3 | 1.9 | 2.2 | 40.1% |
| China | 1.8 | 1.3 | 1.8 | 1.5 | -5.9% |
| Others | 7.0 | 3.4 | 6.2 | 4.5 | -13.7% |
| Total | 34.6 | 28.6 | 43.7 | 40.8 | 5.6% |
Top Suppliers of Aluminium; Alloys, Bars, Rods and Profiles, Other than Hollow to Morocco in 2022:
- Egypt (2360.7 tons)
- Spain (1918.9 tons)
- Turkey (689.8 tons)
- United Arab Emirates (578.6 tons)
- France (559.7 tons)
- Tunisia (484.2 tons)
- China (361.0 tons)
Exports of Aluminium; Alloys, Bars, Rods and Profiles, Other than Hollow in Morocco
Exports of aluminium; alloys, bars, rods and profiles, other than hollows from Morocco soared to 873 tons in 2022, jumping by 44% on 2021. Over the period under review, exports continue to indicate a strong increase. The pace of growth was the most pronounced in 2021 with an increase of 131%. Over the period under review, the exports of attained the peak figure in 2022 and are expected to retain growth in the near future.
In value terms, exports of aluminium; alloys, bars, rods and profiles, other than hollows soared to $5.4M in 2022. Overall, exports recorded a significant increase. The most prominent rate of growth was recorded in 2021 when exports increased by 124%. Over the period under review, the exports of hit record highs in 2022 and are likely to continue growth in the immediate term.
| Export of Aluminium; Alloys, Bars, Rods and Profiles, Other than Hollow in Morocco (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Spain | 1,111 | 107 | 1,355 | 2,530 | 31.6% |
| Senegal | 378 | 413 | 882 | 1,230 | 48.2% |
| Mali | 270 | 147 | 234 | 610 | 31.2% |
| Benin | N/A | 8.3 | N/A | 448 | 634.7% |
| France | 162 | 287 | 180 | 255 | 16.3% |
| Tunisia | 113 | 82.6 | 124 | 146 | 8.9% |
| Algeria | 9.8 | 0.2 | 45.1 | 44.8 | 66.0% |
| Cote d'Ivoire | 208 | 190 | 68.4 | 0.2 | -90.1% |
| Others | 421 | 136 | 177 | 177 | -25.1% |
| Total | 2,673 | 1,370 | 3,067 | 5,441 | 26.7% |
Top Export Markets for Aluminium; Alloys, Bars, Rods and Profiles, Other than Hollow from Morocco in 2022:
- Spain (446.5 tons)
- Senegal (169.5 tons)
- Mali (74.3 tons)
- Benin (66.8 tons)
- France (44.7 tons)
- Tunisia (21.7 tons)
- Algeria (21.6 tons)
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