Price for Aluminium; Alloys, Wire, Maximum Cross-Sectional Dimension Exceeding 7mm in China - 2023
Contents:
- Price for Aluminium; Alloys, Wire, Maximum Cross-Sectional Dimension Exceeding 7mm in China (FOB) - 2023
- Price for Aluminium; Alloys, Wire, Maximum Cross-Sectional Dimension Exceeding 7mm in China (CIF) - 2023
- Exports of Aluminium; Alloys, Wire, Maximum Cross-Sectional Dimension Exceeding 7mm in China
- Imports of Aluminium; Alloys, Wire, Maximum Cross-Sectional Dimension Exceeding 7mm in China
Price for Aluminium; Alloys, Wire, Maximum Cross-Sectional Dimension Exceeding 7mm in China (FOB) - 2023
The average export price for aluminium; alloys, wire, maximum cross-sectional dimension exceeding 7mms stood at $3,398 per ton in December 2023, growing by 1.7% against the previous month. Overall, the export price, however, recorded a slight setback. The most prominent rate of growth was recorded in February 2023 an increase of 15% month-to-month. As a result, the export price attained the peak level of $4,331 per ton. From March 2023 to December 2023, the the average export prices failed to regain momentum.
Average prices varied somewhat for the major external markets. In December 2023, the highest price was recorded for prices to Vietnam ($3,954 per ton) and Brazil ($3,754 per ton), while the average price for exports to Malaysia ($2,899 per ton) and India ($3,060 per ton) were amongst the lowest.
From December 2022 to December 2023, the most notable rate of growth in terms of prices was recorded for supplies to Kyrgyzstan (0.0%), while the prices for the other major destinations experienced a decline.
Price for Aluminium; Alloys, Wire, Maximum Cross-Sectional Dimension Exceeding 7mm in China (CIF) - 2023
In December 2023, the average import price for aluminium; alloys, wire, maximum cross-sectional dimension exceeding 7mms amounted to $5,196 per ton, rising by 9.5% against the previous month. In general, the import price recorded a relatively flat trend pattern. The pace of growth appeared the most rapid in May 2023 when the average import price increased by 26% against the previous month. As a result, import price attained the peak level of $5,650 per ton. From June 2023 to December 2023, the average import prices remained at a somewhat lower figure.
There were significant differences in the average prices amongst the major supplying countries. In December 2023, the country with the highest price was Japan ($11,029 per ton), while the price for India ($2,835 per ton) was amongst the lowest.
From December 2022 to December 2023, the most notable rate of growth in terms of prices was attained by Japan (+7.8%), while the prices for the other major suppliers experienced more modest paces of growth.
Exports of Aluminium; Alloys, Wire, Maximum Cross-Sectional Dimension Exceeding 7mm in China
In 2022, the amount of aluminium; alloys, wire, maximum cross-sectional dimension exceeding 7mms exported from China expanded remarkably to 11K tons, surging by 11% compared with 2021. Overall, exports saw a significant increase. The most prominent rate of growth was recorded in 2021 when exports increased by 72% against the previous year. The exports peaked in 2022 and are likely to continue growth in years to come.
In value terms, exports of aluminium; alloys, wire, maximum cross-sectional dimension exceeding 7mms skyrocketed to $51M in 2022. In general, exports enjoyed a significant expansion. The growth pace was the most rapid in 2021 when exports increased by 114% against the previous year. The exports peaked in 2022 and are likely to see gradual growth in the immediate term.
| Export of Aluminium; Alloys, Wire, Maximum Cross-Sectional Dimension Exceeding 7mm in China (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Russia | 1.4 | 1.2 | 4.6 | 6.7 | 68.5% |
| Turkey | 1.1 | 1.3 | 3.4 | 5.4 | 70.0% |
| Vietnam | 1.0 | 1.6 | 1.8 | 5.4 | 75.4% |
| Bahrain | 0.2 | 1.9 | 5.8 | 4.8 | 188.4% |
| United Arab Emirates | 0.1 | 0.2 | 0.3 | 3.9 | 239.1% |
| Netherlands | 2.4 | 2.2 | 5.6 | 3.6 | 14.5% |
| United States | 2.1 | 1.3 | 2.8 | 2.4 | 4.6% |
| Indonesia | 1.1 | 0.9 | 2.2 | 2.2 | 26.0% |
| South Korea | 1.8 | 1.6 | 2.4 | 2.2 | 6.9% |
| Malaysia | 1.2 | 0.7 | 1.9 | 1.8 | 14.5% |
| India | 1.2 | 0.6 | 1.1 | 1.5 | 7.7% |
| Mexico | 1.2 | 0.3 | 1.3 | 1.3 | 2.7% |
| Italy | 0.7 | 0.3 | 1.7 | 1.1 | 16.3% |
| Others | 3.4 | 5.0 | 5.1 | 9.3 | 39.9% |
| Total | 19.0 | 18.8 | 40.1 | 51.4 | 39.3% |
Top Export Markets for Aluminium; Alloys, Wire, Maximum Cross-Sectional Dimension Exceeding 7mm from China in 2022:
- Russia (1522.8 tons)
- Turkey (1210.8 tons)
- Vietnam (1128.9 tons)
- Bahrain (1090.7 tons)
- Netherlands (829.3 tons)
- United Arab Emirates (743.0 tons)
- South Korea (550.9 tons)
- United States (549.6 tons)
- Indonesia (478.0 tons)
- Malaysia (432.1 tons)
- India (351.6 tons)
- Mexico (312.3 tons)
- Italy (269.7 tons)
Imports of Aluminium; Alloys, Wire, Maximum Cross-Sectional Dimension Exceeding 7mm in China
In 2022, imports of aluminium; alloys, wire, maximum cross-sectional dimension exceeding 7mms into China fell significantly to 5.2K tons, waning by -25.6% on the year before. In general, imports saw a noticeable shrinkage. The most prominent rate of growth was recorded in 2021 when imports increased by 34%. As a result, imports reached the peak of 7K tons, and then dropped markedly in the following year.
In value terms, imports of aluminium; alloys, wire, maximum cross-sectional dimension exceeding 7mms dropped to $26M in 2022. Overall, total imports indicated a buoyant expansion from 2019 to 2022: its value increased at an average annual rate of +7.9% 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 +35.6% against 2020 indices. The most prominent rate of growth was recorded in 2021 with an increase of 51% against the previous year. As a result, imports attained the peak of $29M, and then declined in the following year.
| Import of Aluminium; Alloys, Wire, Maximum Cross-Sectional Dimension Exceeding 7mm in China (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Netherlands | 5.2 | 5.9 | 6.3 | 5.0 | -1.3% |
| United States | 5.9 | 3.3 | 4.0 | 4.9 | -6.0% |
| United Kingdom | 4.1 | 4.0 | 5.4 | 4.7 | 4.7% |
| Japan | 1.8 | 2.0 | 2.9 | 3.6 | 26.0% |
| Canada | 0.4 | 0.6 | 3.2 | 2.3 | 79.2% |
| Spain | 1.4 | 0.7 | 1.4 | 1.6 | 4.6% |
| Brazil | 0.4 | 1.2 | 1.9 | 1.3 | 48.1% |
| Others | 1.4 | 1.5 | 3.9 | 2.6 | 22.9% |
| Total | 20.7 | 19.2 | 29.0 | 26.0 | 7.9% |
Top Suppliers of Aluminium; Alloys, Wire, Maximum Cross-Sectional Dimension Exceeding 7mm to China in 2022:
- United States (909.0 tons)
- Netherlands (849.5 tons)
- Japan (790.2 tons)
- United Kingdom (781.7 tons)
- Spain (589.4 tons)
- Canada (494.1 tons)
- Brazil (228.7 tons)
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