Price for Aluminium; Alloys, Wire, Maximum Cross-Sectional Dimension Exceeding 7mm in Singapore - 2022
Contents:
- Price for Aluminium; Alloys, Wire, Maximum Cross-Sectional Dimension Exceeding 7mm in Singapore (FOB) - 2022
- Price for Aluminium; Alloys, Wire, Maximum Cross-Sectional Dimension Exceeding 7mm in Singapore (CIF) - 2022
- Exports of Aluminium; Alloys, Wire, Maximum Cross-Sectional Dimension Exceeding 7mm in Singapore
- Imports of Aluminium; Alloys, Wire, Maximum Cross-Sectional Dimension Exceeding 7mm in Singapore
Price for Aluminium; Alloys, Wire, Maximum Cross-Sectional Dimension Exceeding 7mm in Singapore (FOB) - 2022
The average export price for aluminium; alloys, wire, maximum cross-sectional dimension exceeding 7mms stood at $6,910 per ton in 2022, surging by 14% against the previous year. Overall, the export price, however, saw a relatively flat trend pattern. The growth pace was the most rapid in 2015 when the average export price increased by 45% against the previous year. The export price peaked at $12,837 per ton in 2017; however, from 2018 to 2022, the export prices failed to regain momentum.
There were significant differences in the average prices for the major external markets. In 2022, amid the top suppliers, the country with the highest price was China ($43,234 per ton), while the average price for exports to Pakistan ($3,041 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Indonesia (+4.5%), while the prices for the other major destinations experienced mixed trend patterns.
Price for Aluminium; Alloys, Wire, Maximum Cross-Sectional Dimension Exceeding 7mm in Singapore (CIF) - 2022
In 2022, the average import price for aluminium; alloys, wire, maximum cross-sectional dimension exceeding 7mms amounted to $3,278 per ton, remaining stable against the previous year. Over the period under review, the import price, however, recorded a drastic downturn. The most prominent rate of growth was recorded in 2016 an increase of 540% against the previous year. Over the period under review, average import prices attained the peak figure at $19,552 per ton in 2018; however, from 2019 to 2022, import prices failed to regain momentum.
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 the United States ($11,188 per ton), while the price for Malaysia ($3,127 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Brazil (+24.4%), 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 Singapore
For the third consecutive year, Singapore recorded decline in shipments abroad of aluminium; alloys, wire, maximum cross-sectional dimension exceeding 7mms, which decreased by -37.1% to 20 tons in 2022. Overall, exports showed a sharp reduction. The smallest decline of -13.7% was in 2020.
In value terms, exports of aluminium; alloys, wire, maximum cross-sectional dimension exceeding 7mms contracted notably to $140K in 2022. Over the period under review, exports recorded a dramatic shrinkage. The smallest decline of -13.4% was in 2020.
| Export of Aluminium; Alloys, Wire, Maximum Cross-Sectional Dimension Exceeding 7mm in Singapore (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| China | 0.1 | N/A | N/A | 54.2 | 715.3% |
| Indonesia | 5.9 | N/A | 0.5 | 40.1 | 89.4% |
| Pakistan | N/A | N/A | N/A | 36.7 | 0% |
| Bangladesh | N/A | N/A | N/A | 8.9 | 0% |
| Fiji | N/A | N/A | 14.2 | N/A | 0% |
| Malaysia | 373 | 331 | 181 | N/A | -30.3% |
| Others | 7.0 | 3.1 | N/A | N/A | -55.7% |
| Total | 386 | 334 | 195 | 140 | -28.7% |
Top Export Markets for Aluminium; Alloys, Wire, Maximum Cross-Sectional Dimension Exceeding 7mm from Singapore in 2022:
- Pakistan (12.1 tons)
- Indonesia (6.4 tons)
- China (1.3 tons)
- Bangladesh (0.5 tons)
Imports of Aluminium; Alloys, Wire, Maximum Cross-Sectional Dimension Exceeding 7mm in Singapore
In 2022, after three years of growth, there was significant decline in overseas purchases of aluminium; alloys, wire, maximum cross-sectional dimension exceeding 7mms, when their volume decreased by -72.7% to 35 tons. Overall, imports, however, enjoyed a significant increase. The pace of growth was the most pronounced in 2020 with an increase of 1,018% against the previous year.
In value terms, imports of aluminium; alloys, wire, maximum cross-sectional dimension exceeding 7mms declined remarkably to $115K in 2022. In general, imports, however, enjoyed a significant expansion. The most prominent rate of growth was recorded in 2020 with an increase of 468% against the previous year.
| Import of Aluminium; Alloys, Wire, Maximum Cross-Sectional Dimension Exceeding 7mm in Singapore (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Malaysia | 5.0 | 18.5 | 64.0 | 107 | 177.6% |
| China | 4.9 | 38.4 | 351 | 0.1 | -72.7% |
| United Kingdom | N/A | 87.8 | N/A | N/A | 0% |
| Others | 15.9 | 1.4 | 4.0 | 7.0 | -23.9% |
| Total | 25.7 | 146 | 419 | 115 | 64.8% |
Top Suppliers of Aluminium; Alloys, Wire, Maximum Cross-Sectional Dimension Exceeding 7mm to Singapore in 2022:
- Malaysia (34.3 tons)
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