Price for Aluminium; Alloys, Wire, Maximum Cross-Sectional Dimension Exceeding 7mm in the United States - 2023
Contents:
- Price for Aluminium; Alloys, Wire, Maximum Cross-Sectional Dimension Exceeding 7mm in the United States (CIF) - 2023
- Price for Aluminium; Alloys, Wire, Maximum Cross-Sectional Dimension Exceeding 7mm in the United States (FOB) - 2023
- Imports of Aluminium; Alloys, Wire, Maximum Cross-Sectional Dimension Exceeding 7mm in the United States
- Exports of Aluminium; Alloys, Wire, Maximum Cross-Sectional Dimension Exceeding 7mm in the United States
Price for Aluminium; Alloys, Wire, Maximum Cross-Sectional Dimension Exceeding 7mm in the United States (CIF) - 2023
In November 2023, the average import price for aluminium; alloys, wire, maximum cross-sectional dimension exceeding 7mms amounted to $3,420 per ton, increasing by 3.1% against the previous month. Over the period under review, the import price, however, showed a relatively flat trend pattern. The growth pace was the most rapid in February 2023 when the average import price increased by 18% against the previous month. As a result, import price reached the peak level of $4,012 per ton. From March 2023 to November 2023, the average import prices failed to regain momentum.
Prices varied noticeably by the country of origin: the country with the highest price was the Netherlands ($5,113 per ton), while the price for Canada ($3,246 per ton) was amongst the lowest.
From December 2022 to November 2023, the most notable rate of growth in terms of prices was attained by Spain (-0.6%), while the prices for the other major suppliers experienced a decline.
Price for Aluminium; Alloys, Wire, Maximum Cross-Sectional Dimension Exceeding 7mm in the United States (FOB) - 2023
In November 2023, the average export price for aluminium; alloys, wire, maximum cross-sectional dimension exceeding 7mms amounted to $4,390 per ton, approximately reflecting the previous month. Over the period under review, the export price, however, recorded a relatively flat trend pattern. The pace of growth was the most pronounced in July 2023 when the average export price increased by 13% against the previous month. As a result, the export price attained the peak level of $4,995 per ton. From August 2023 to November 2023, the the average export prices remained at a lower figure.
There were significant differences in the average prices for the major overseas markets. In November 2023, the country with the highest price was Mexico ($14,052 per ton), while the average price for exports to Canada ($3,669 per ton) was amongst the lowest.
From December 2022 to November 2023, the most notable rate of growth in terms of prices was recorded for supplies to South Korea (0.0%), while the prices for the other major destinations experienced a decline.
Imports of Aluminium; Alloys, Wire, Maximum Cross-Sectional Dimension Exceeding 7mm in the United States
In 2022, the amount of aluminium; alloys, wire, maximum cross-sectional dimension exceeding 7mms imported into the United States rose to 44K tons, increasing by 3.4% compared with 2021 figures. Overall, total imports indicated strong growth from 2019 to 2022: its volume increased at an average annual rate of +6.8% 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 +59.6% against 2020 indices. The most prominent rate of growth was recorded in 2021 with an increase of 54%. Over the period under review, imports of hit record highs in 2022 and are expected to retain growth in the near future.
In value terms, imports of aluminium; alloys, wire, maximum cross-sectional dimension exceeding 7mms skyrocketed to $186M in 2022. Over the period under review, imports saw a significant expansion. The pace of growth was the most pronounced in 2021 when imports increased by 115% against the previous year. Over the period under review, imports of reached the peak figure in 2022 and are likely to see steady growth in the immediate term.
| Import of Aluminium; Alloys, Wire, Maximum Cross-Sectional Dimension Exceeding 7mm in the United States (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Canada | 74.6 | 53.1 | 134 | 154 | 27.3% |
| Netherlands | 4.8 | 3.8 | 6.3 | 14.1 | 43.2% |
| Spain | 8.9 | 6.1 | 6.8 | 13.0 | 13.5% |
| Bahrain | 7.9 | 4.1 | 0.5 | 0.1 | -76.7% |
| Others | 4.3 | 2.2 | 2.0 | 4.7 | 3.0% |
| Total | 100 | 69.3 | 149 | 186 | 23.0% |
Top Suppliers of Aluminium; Alloys, Wire, Maximum Cross-Sectional Dimension Exceeding 7mm to the United States in 2022:
- Canada (37.8K tons)
- Spain (2.7K tons)
- Netherlands (2.3K tons)
Exports of Aluminium; Alloys, Wire, Maximum Cross-Sectional Dimension Exceeding 7mm in the United States
In 2022, the amount of aluminium; alloys, wire, maximum cross-sectional dimension exceeding 7mms exported from the United States surged to 6.9K tons, picking up by 19% on the year before. Overall, exports, however, continue to indicate a noticeable slump.
In value terms, exports of aluminium; alloys, wire, maximum cross-sectional dimension exceeding 7mms surged to $36M in 2022. In general, exports recorded a resilient increase. As a result, the exports reached the peak and are likely to continue growth in the immediate term.
| Export of Aluminium; Alloys, Wire, Maximum Cross-Sectional Dimension Exceeding 7mm in the United States (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Canada | 4.3 | 4.5 | 8.1 | 11.7 | 39.6% |
| Italy | 7.0 | 4.1 | 4.9 | 7.6 | 2.8% |
| Spain | 2.2 | 2.1 | 3.3 | 5.3 | 34.1% |
| Czech Republic | N/A | N/A | N/A | 3.7 | 0% |
| China | 5.7 | 2.1 | 1.7 | 3.1 | -18.4% |
| Switzerland | 2.5 | 1.8 | 3.0 | 2.1 | -5.6% |
| Mexico | 1.6 | 1.3 | 1.6 | 1.6 | 0.0% |
| Japan | 3.0 | 1.0 | N/A | 0.4 | -48.9% |
| Others | 2.5 | 0.8 | 1.0 | 0.9 | -28.9% |
| Total | 28.7 | 17.7 | 23.6 | 36.4 | 8.2% |
Top Export Markets for Aluminium; Alloys, Wire, Maximum Cross-Sectional Dimension Exceeding 7mm from the United States in 2022:
- Canada (2125.6 tons)
- Italy (1468.5 tons)
- Spain (1119.2 tons)
- Czech Republic (752.4 tons)
- China (614.0 tons)
- Switzerland (438.1 tons)
- Mexico (206.0 tons)
- Japan (60.5 tons)
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