Price for Aluminium; Alloys, Wire, Maximum Cross-Sectional Dimension Exceeding 7mm in Pakistan - 2023
Contents:
- Price for Aluminium; Alloys, Wire, Maximum Cross-Sectional Dimension Exceeding 7mm in Pakistan (CIF) - 2022
- Imports of Aluminium; Alloys, Wire, Maximum Cross-Sectional Dimension Exceeding 7mm in Pakistan
Price for Aluminium; Alloys, Wire, Maximum Cross-Sectional Dimension Exceeding 7mm in Pakistan (CIF) - 2022
The average import price for aluminium; alloys, wire, maximum cross-sectional dimension exceeding 7mms stood at $3,365 per ton in 2022, surging by 3.9% against the previous year. Over the period under review, import price indicated a notable expansion from 2012 to 2022: its price increased at an average annual rate of +4.5% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, import price for aluminium; alloys, wire, maximum cross-sectional dimension exceeding 7mms increased by +41.4% against 2020 indices. The growth pace was the most rapid in 2013 when the average import price increased by 88%. As a result, import price reached the peak level of $4,065 per ton. From 2014 to 2022, the average import prices remained at a lower figure.
Average prices varied noticeably amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was Malaysia ($3,490 per ton), while the price for China amounted to $3,210 per ton.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Malaysia (+20.7%), while the prices for the other major suppliers experienced more modest paces of growth.
Imports of Aluminium; Alloys, Wire, Maximum Cross-Sectional Dimension Exceeding 7mm in Pakistan
After three years of growth, purchases abroad of aluminium; alloys, wire, maximum cross-sectional dimension exceeding 7mms decreased by -54.8% to 138 tons in 2022. Over the period under review, imports, however, showed a significant expansion. The most prominent rate of growth was recorded in 2020 when imports increased by 252%.
In value terms, imports of aluminium; alloys, wire, maximum cross-sectional dimension exceeding 7mms reduced rapidly to $466K in 2022. In general, imports, however, continue to indicate a significant expansion. The growth pace was the most rapid in 2021 when imports increased by 166% against the previous year. As a result, imports reached the peak of $993K, and then contracted sharply in the following year.
| Import of Aluminium; Alloys, Wire, Maximum Cross-Sectional Dimension Exceeding 7mm in Pakistan (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Malaysia | N/A | 260 | 781 | 268 | 1.5% |
| China | 137 | 113 | 212 | 198 | 13.1% |
| Others | 5.0 | N/A | N/A | N/A | 0% |
| Total | 142 | 373 | 993 | 466 | 48.6% |
Top Suppliers of Aluminium; Alloys, Wire, Maximum Cross-Sectional Dimension Exceeding 7mm to Pakistan in 2022:
- Malaysia (76.8 tons)
- China (61.6 tons)
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