Price for Aluminium; Alloys, Hollow Profiles in Canada - 2023
Contents:
- Price for Aluminium; Alloys, Hollow Profiles in Canada (FOB) - 2023
- Price for Aluminium; Alloys, Hollow Profiles in Canada (CIF) - 2022
- Exports of Aluminium; Alloys, Hollow Profiles in Canada
- Imports of Aluminium; Alloys, Hollow Profiles in Canada
Price for Aluminium; Alloys, Hollow Profiles in Canada (FOB) - 2023
The average aluminium; alloys, hollow profiles export price stood at $5,676 per ton in June 2023, rising by 7.3% against the previous month. In general, the export price, however, recorded a relatively flat trend pattern. Over the period under review, the average export prices hit record highs at $6,229 per ton in June 2022; however, from July 2022 to June 2023, the export prices stood at a somewhat lower figure.
As there is only one major export destination, the average price level is determined by prices for the United States.
From June 2022 to June 2023, the rate of growth in terms of prices for the United States amounted to -0.6% per month.
Price for Aluminium; Alloys, Hollow Profiles in Canada (CIF) - 2022
In 2022, the average aluminium; alloys, hollow profiles import price amounted to $6,440 per ton, rising by 7.5% against the previous year. Over the last decade, it increased at an average annual rate of +1.6%. The most prominent rate of growth was recorded in 2018 an increase of 11% against the previous year. The import price peaked in 2022 and is likely to continue growth in years to come.
There were significant differences in the average prices amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was Germany ($8,819 per ton), while the price for Malaysia ($3,787 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Vietnam (+6.3%), while the prices for the other major suppliers experienced more modest paces of growth.
Exports of Aluminium; Alloys, Hollow Profiles in Canada
For the fourth year in a row, Canada recorded growth in shipments abroad of aluminium; alloys, hollow profileses, which increased by 1.8% to 49K tons in 2022. Over the period under review, total exports indicated prominent growth from 2019 to 2022: its volume increased at an average annual rate of +17.3% over the last three-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, exports increased by +61.4% against 2019 indices. The growth pace was the most rapid in 2020 when exports increased by 37% against the previous year. Over the period under review, the exports reached the maximum in 2022 and are likely to see gradual growth in years to come.
In value terms, aluminium; alloys, hollow profiles exports soared to $286M in 2022. In general, exports continue to indicate significant growth. The growth pace was the most rapid in 2021 with an increase of 42% against the previous year. The exports peaked in 2022 and are expected to retain growth in years to come.
| Export of Aluminium; Alloys, Hollow Profiles in Canada (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| United States | 128 | 163 | 232 | 284 | 30.4% |
| Others | 0.3 | 0.5 | 0.8 | 1.8 | 81.7% |
| Total | 128 | 163 | 233 | 286 | 30.7% |
Top Export Markets for Aluminium; Alloys, Hollow Profiles from Canada in 2022:
- United States (48.7K tons)
Imports of Aluminium; Alloys, Hollow Profiles in Canada
In 2022, aluminium; alloys, hollow profiles imports into Canada amounted to 21K tons, rising by 3.6% on the year before. Over the period under review, total imports indicated a resilient increase from 2019 to 2022: its volume increased at an average annual rate of +15.2% 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 +52.9% against 2019 indices. The most prominent rate of growth was recorded in 2021 when imports increased by 37%. Over the period under review, imports reached the maximum in 2022 and are expected to retain growth in years to come.
In value terms, aluminium; alloys, hollow profiles imports rose sharply to $133M in 2022. Overall, total imports indicated a significant expansion from 2019 to 2022: its value increased at an average annual rate of +21.1% over the last three-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +77.5% against 2019 indices. The growth pace was the most rapid in 2021 when imports increased by 40%. Over the period under review, imports attained the peak figure in 2022 and are likely to see steady growth in the immediate term.
| Import of Aluminium; Alloys, Hollow Profiles in Canada (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| United States | 33.9 | 31.7 | 51.2 | 63.4 | 23.2% |
| China | 16.1 | 27.7 | 24.2 | 18.7 | 5.1% |
| Taiwan (Chinese) | 3.4 | 3.0 | 10.1 | 9.9 | 42.8% |
| Turkey | 0.3 | 0.1 | 3.5 | 5.2 | 158.8% |
| Malaysia | 1.6 | 2.3 | 2.7 | 4.8 | 44.2% |
| Vietnam | 6.2 | 4.0 | 4.6 | 4.3 | -11.5% |
| Germany | 3.0 | 2.4 | 3.0 | 3.7 | 7.2% |
| Mexico | 1.5 | 1.8 | 3.6 | 3.5 | 32.6% |
| India | 0.7 | 0.6 | 0.5 | 3.5 | 71.0% |
| Thailand | 0.1 | 0.7 | 0.9 | 2.1 | 175.9% |
| Indonesia | 1.3 | 0.6 | 0.7 | 1.5 | 4.9% |
| Netherlands | 2.9 | 5.8 | 6.1 | 0.6 | -40.9% |
| Others | 3.9 | 4.7 | 8.3 | 11.7 | 44.2% |
| Total | 75.0 | 85.3 | 119 | 133 | 21.0% |
Top Suppliers of Aluminium; Alloys, Hollow Profiles to Canada in 2022:
- United States (9.7K tons)
- China (2.8K tons)
- Malaysia (1.3K tons)
- Taiwan (Chinese) (1.2K tons)
- Turkey (0.9K tons)
- Vietnam (0.9K tons)
- India (0.8K tons)
- Mexico (0.6K tons)
- Germany (0.4K tons)
- Thailand (0.4K tons)
- Indonesia (0.3K tons)
- Netherlands (0.1K tons)
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