Price for Aluminium; Alloys, Hollow Profiles in the UK - 2023
Contents:
- Price for Aluminium; Alloys, Hollow Profiles in the UK (CIF) - 2023
- Price for Aluminium; Alloys, Hollow Profiles in the UK (FOB) - 2023
- Imports of Aluminium; Alloys, Hollow Profiles in the UK
- Exports of Aluminium; Alloys, Hollow Profiles in the UK
Price for Aluminium; Alloys, Hollow Profiles in the UK (CIF) - 2023
In May 2023, the average aluminium; alloys, hollow profiles import price amounted to $10,226 per ton, growing by 42% against the previous month. Over the period from May 2022 to May 2023, it increased at an average monthly rate of +3.3%. As a result, import price reached the peak level and is likely to continue growth in the immediate term.
There were significant differences in the average prices amongst the major supplying countries. In May 2023, the country with the highest price was Italy ($11,829 per ton), while the price for Greece ($4,466 per ton) was amongst the lowest.
From May 2022 to May 2023, the most notable rate of growth in terms of prices was attained by Italy (+4.2%), while the prices for the other major suppliers experienced more modest paces of growth.
Price for Aluminium; Alloys, Hollow Profiles in the UK (FOB) - 2023
In May 2023, the average aluminium; alloys, hollow profiles export price amounted to $8,077 per ton, reducing by -52.5% against the previous month. In general, the export price, however, saw a relatively flat trend pattern. The most prominent rate of growth was recorded in April 2023 when the average export price increased by 174% against the previous month. As a result, the export price attained the peak level of $16,994 per ton, and then reduced sharply in the following month.
Prices varied noticeably by the country of destination: the country with the highest price was the United States ($25,583 per ton), while the average price for exports to Italy ($1,640 per ton) was amongst the lowest.
From May 2022 to May 2023, the most notable rate of growth in terms of prices was recorded for supplies to the United States (+11.2%), while the prices for the other major destinations experienced more modest paces of growth.
Imports of Aluminium; Alloys, Hollow Profiles in the UK
In 2022, approx. 25K tons of aluminium; alloys, hollow profileses were imported into the UK; with an increase of 17% on the year before. Overall, total imports indicated a prominent increase from 2019 to 2022: its volume increased at an average annual rate of +16.4% 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 +62.8% against 2020 indices. The most prominent rate of growth was recorded in 2021 when imports increased by 39%. Imports peaked in 2022 and are expected to retain growth in the near future.
In value terms, aluminium; alloys, hollow profiles imports soared to $162M in 2022. Over the period under review, imports saw significant growth. The growth pace was the most rapid in 2021 when imports increased by 57% against the previous year. Imports peaked in 2022 and are expected to retain growth in years to come.
| Import of Aluminium; Alloys, Hollow Profiles in the UK (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Germany | 28.5 | 26.3 | 32.7 | 38.8 | 10.8% |
| Spain | 2.6 | 4.1 | 20.5 | 30.4 | 127.0% |
| Turkey | 3.8 | 3.8 | 9.3 | 14.2 | 55.2% |
| Italy | 3.8 | 3.8 | 5.3 | 10.0 | 38.1% |
| Sweden | 3.3 | 0.9 | 0.7 | 8.5 | 37.1% |
| Belarus | N/A | N/A | 0.7 | 8.0 | 1042.9% |
| China | 5.9 | 5.7 | 6.5 | 7.3 | 7.4% |
| Austria | 5.2 | 1.5 | 2.0 | 6.6 | 8.3% |
| Poland | 0.1 | 0.1 | 0.8 | 5.4 | 278.0% |
| Romania | N/A | N/A | N/A | 4.4 | 0% |
| Greece | 0.1 | N/A | N/A | 4.2 | 247.6% |
| Netherlands | 9.7 | 7.9 | 4.6 | 3.5 | -28.8% |
| Portugal | 2.3 | 2.3 | 0.3 | 3.2 | 11.6% |
| Others | 24.8 | 21.2 | 38.5 | 17.8 | -10.5% |
| Total | 89.9 | 77.8 | 122 | 162 | 21.7% |
Top Suppliers of Aluminium; Alloys, Hollow Profiles to the UK in 2022:
- Spain (5.9K tons)
- Germany (4.9K tons)
- Turkey (2.5K tons)
- China (1.8K tons)
- Belarus (1.4K tons)
- Italy (1.4K tons)
- Sweden (1.1K tons)
- Poland (0.8K tons)
- Greece (0.8K tons)
- Austria (0.7K tons)
- Portugal (0.6K tons)
- Romania (0.5K tons)
- Netherlands (0.5K tons)
Exports of Aluminium; Alloys, Hollow Profiles in the UK
In 2022, after two years of decline, there was significant growth in overseas shipments of aluminium; alloys, hollow profileses, when their volume increased by 18% to 2.5K tons. In general, exports, however, continue to indicate a abrupt slump.
In value terms, aluminium; alloys, hollow profiles exports surged to $22M in 2022. The total export value increased at an average annual rate of +8.5% from 2019 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. As a result, the exports attained the peak and are likely to continue growth in the immediate term.
| Export of Aluminium; Alloys, Hollow Profiles in the UK (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Ireland | 11.5 | 7.4 | 4.1 | 7.1 | -14.8% |
| Netherlands | 0.4 | 0.3 | 2.4 | 2.5 | 84.2% |
| Germany | 0.8 | 0.8 | 0.7 | 2.3 | 42.2% |
| China | N/A | N/A | 0.1 | 1.6 | 1500.0% |
| Poland | 0.2 | N/A | 0.9 | 1.2 | 81.7% |
| United States | 0.9 | 0.3 | 3.4 | 1.2 | 10.1% |
| India | 0.3 | 0.2 | 0.3 | 0.6 | 26.0% |
| France | 0.9 | 0.9 | 0.6 | 0.6 | -12.6% |
| Latvia | N/A | N/A | 0.8 | 0.5 | -37.5% |
| Hungary | N/A | N/A | 0.5 | 0.4 | -20.0% |
| Djibouti | N/A | 3.5 | N/A | N/A | 0% |
| Others | 2.5 | 2.7 | 1.9 | 4.5 | 21.6% |
| Total | 17.6 | 16.2 | 15.8 | 22.5 | 8.5% |
Top Export Markets for Aluminium; Alloys, Hollow Profiles from the UK in 2022:
- Ireland (971.7 tons)
- Netherlands (359.3 tons)
- Germany (259.1 tons)
- Poland (222.1 tons)
- United States (125.0 tons)
- China (105.7 tons)
- Latvia (73.6 tons)
- Hungary (52.9 tons)
- India (52.1 tons)
- France (49.3 tons)
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