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

Contents:

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

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

The average import price for aluminium; alloys, wire, maximum cross-sectional dimension exceeding 7mms stood at $3,025 per ton in November 2023, growing by 8.1% against the previous month. Over the period under review, the import price, however, saw a relatively flat trend pattern. The most prominent rate of growth was recorded in July 2023 when the average import price increased by 82% month-to-month. As a result, import price reached the peak level of $5,564 per ton. From August 2023 to November 2023, the average import prices remained at a lower figure.

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

From December 2022 to November 2023, the rate of growth in terms of prices for Malaysia amounted to +0.1% per month.

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

The average export price for aluminium; alloys, wire, maximum cross-sectional dimension exceeding 7mms stood at $8,951 per ton in 2022, increasing by 78% against the previous year. Overall, the export price showed a remarkable increase. The growth pace was the most rapid in 2019 an increase of 89% against the previous year. Over the period under review, the average export prices attained the maximum in 2022 and is likely to see steady growth in the near future.

There were significant differences in the average prices for the major foreign markets. In 2022, amid the top suppliers, the country with the highest price was Rwanda ($53,600 per ton), while the average price for exports to Mozambique ($1,815 per ton) was amongst the lowest.

From 2013 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Zambia (+15.4%), while the prices for the other major destinations experienced mixed trend patterns.

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

In 2022, approx. 5.4K tons of aluminium; alloys, wire, maximum cross-sectional dimension exceeding 7mms were imported into South Africa; with an increase of 39% on the previous year's figure. Overall, imports posted a significant expansion. The pace of growth was the most pronounced in 2020 with an increase of 260% against the previous year. As a result, imports attained the peak of 6.3K tons. From 2021 to 2022, the growth of imports of remained at a somewhat lower figure.

In value terms, imports of aluminium; alloys, wire, maximum cross-sectional dimension exceeding 7mms soared to $13M in 2022. Over the period under review, imports saw a significant expansion. The pace of growth appeared the most rapid in 2020 with an increase of 153%. Over the period under review, imports of hit record highs in 2022 and are expected to retain growth in the near future.

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

1. Malaysia (3199.3 tons)
2. Mozambique (1415.6 tons)
3. Bahrain (264.9 tons)
4. China (237.1 tons)
5. Brazil (113.7 tons)
6. Netherlands (89.2 tons)

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

In 2022, overseas shipments of aluminium; alloys, wire, maximum cross-sectional dimension exceeding 7mms were finally on the rise to reach 244 kg for the first time since 2019, thus ending a two-year declining trend. Overall, exports, however, continue to indicate a sharp downturn.

In value terms, exports of aluminium; alloys, wire, maximum cross-sectional dimension exceeding 7mms surged to $2.2K in 2022. In general, exports, however, continue to indicate a abrupt downturn.

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

1. Democratic Republic of the Congo (150.0 kg)
2. Zimbabwe (52.0 kg)
3. Mozambique (27.0 kg)
4. Rwanda (15.0 kg)

Source: IndexBox Market Intelligence Platform