Price for Aluminium; Alloys, Wire, Maximum Cross-Sectional Dimension Exceeding 7mm in Portugal - 2023

Contents:

1. Price for Aluminium; Alloys, Wire, Maximum Cross-Sectional Dimension Exceeding 7mm in Portugal (CIF) - 2023
2. Price for Aluminium; Alloys, Wire, Maximum Cross-Sectional Dimension Exceeding 7mm in Portugal (FOB) - 2022
3. Imports of Aluminium; Alloys, Wire, Maximum Cross-Sectional Dimension Exceeding 7mm in Portugal
4. Exports of Aluminium; Alloys, Wire, Maximum Cross-Sectional Dimension Exceeding 7mm in Portugal

Price for Aluminium; Alloys, Wire, Maximum Cross-Sectional Dimension Exceeding 7mm in Portugal (CIF) - 2023

The average import price for aluminium; alloys, wire, maximum cross-sectional dimension exceeding 7mms stood at $14,307 per ton in October 2023, increasing by 23% against the previous month. In general, the import price showed a buoyant expansion. The pace of growth was the most pronounced in March 2023 an increase of 119% against the previous month. The import price peaked in October 2023.

As there is only one major supplying country, the average price level is determined by prices for Spain.

From October 2022 to October 2023, the rate of growth in terms of prices for Spain amounted to +8.4% per month.

Price for Aluminium; Alloys, Wire, Maximum Cross-Sectional Dimension Exceeding 7mm in Portugal (FOB) - 2022

The average export price for aluminium; alloys, wire, maximum cross-sectional dimension exceeding 7mms stood at $5,052 per ton in 2022, standing approx. at the previous year. Over the period under review, export price indicated a strong increase from 2013 to 2022: its price increased at an average annual rate of +7.7% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, export price for aluminium; alloys, wire, maximum cross-sectional dimension exceeding 7mms increased by +42.7% against 2015 indices. The pace of growth appeared the most rapid in 2015 an increase of 40% against the previous year. The export price peaked in 2022 and is likely to see steady growth in years to come.

Average prices varied noticeably for the major foreign markets. In 2022, amid the top suppliers, the country with the highest price was France ($5,064 per ton), while the average price for exports to Spain amounted to $5,015 per ton.

From 2013 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Spain (+7.6%), while the prices for the other major destinations experienced mixed trend patterns.

Imports of Aluminium; Alloys, Wire, Maximum Cross-Sectional Dimension Exceeding 7mm in Portugal

In 2022, purchases abroad of aluminium; alloys, wire, maximum cross-sectional dimension exceeding 7mms decreased by -45.4% to 257 tons, falling for the second year in a row after two years of growth. Overall, imports saw a precipitous shrinkage. The most prominent rate of growth was recorded in 2020 when imports increased by 6.6%. As a result, imports attained the peak of 890 tons. From 2021 to 2022, the growth of imports of failed to regain momentum.

In value terms, imports of aluminium; alloys, wire, maximum cross-sectional dimension exceeding 7mms dropped dramatically to $1.6M in 2022. Over the period under review, imports showed a abrupt descent. The growth pace was the most rapid in 2020 with an increase of 55% against the previous year. As a result, imports reached the peak of $3.2M. From 2021 to 2022, the growth of imports of remained at a somewhat lower figure.

Top Suppliers of Aluminium; Alloys, Wire, Maximum Cross-Sectional Dimension Exceeding 7mm to Portugal in 2022:

1. Spain (202.5 tons)
2. Italy (24.2 tons)
3. Czech Republic (22.1 tons)
4. Netherlands (5.3 tons)

Exports of Aluminium; Alloys, Wire, Maximum Cross-Sectional Dimension Exceeding 7mm in Portugal

After two years of decline, shipments abroad of aluminium; alloys, wire, maximum cross-sectional dimension exceeding 7mms increased by 801% to 210 tons in 2022. In general, exports continue to indicate strong growth. As a result, the exports reached the peak and are likely to continue growth in the immediate term.

In value terms, exports of aluminium; alloys, wire, maximum cross-sectional dimension exceeding 7mms surged to $1.1M in 2022. Overall, exports showed a significant expansion. As a result, the exports attained the peak and are likely to continue growth in the immediate term.

Top Export Markets for Aluminium; Alloys, Wire, Maximum Cross-Sectional Dimension Exceeding 7mm from Portugal in 2022:

1. France (154.0 tons)
2. Spain (55.8 tons)

Source: IndexBox Market Intelligence Platform