Price for Aluminium; Alloys, Wire, Maximum Cross-Sectional Dimension Is 7mm or Less in Canada - 2023
Contents:
- Price for Aluminium; Alloys, Wire, Maximum Cross-Sectional Dimension Is 7mm or Less in Canada (FOB) - 2023
- Price for Aluminium; Alloys, Wire, Maximum Cross-Sectional Dimension Is 7mm or Less in Canada (CIF) - 2023
- Exports of Aluminium; Alloys, Wire, Maximum Cross-Sectional Dimension Is 7mm or Less in Canada
- Imports of Aluminium; Alloys, Wire, Maximum Cross-Sectional Dimension Is 7mm or Less in Canada
Price for Aluminium; Alloys, Wire, Maximum Cross-Sectional Dimension Is 7mm or Less in Canada (FOB) - 2023
The average export price for aluminium; alloys, wire, maximum cross-sectional dimension is 7mm or lesses stood at $5,605 per ton in December 2023, leveling off at the previous month. In general, the export price continues to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in January 2023 an increase of 32% m-o-m. As a result, the export price reached the peak level of $6,759 per ton. From February 2023 to December 2023, the the average export prices failed to regain momentum.
Prices varied noticeably by the country of destination: the country with the highest price was the United States ($6,844 per ton), while the average price for exports to South Korea ($3,192 per ton) was amongst the lowest.
From December 2022 to December 2023, the most notable rate of growth in terms of prices was recorded for supplies to China (+7.5%), while the prices for the other major destinations experienced more modest paces of growth.
Price for Aluminium; Alloys, Wire, Maximum Cross-Sectional Dimension Is 7mm or Less in Canada (CIF) - 2023
In December 2023, the average import price for aluminium; alloys, wire, maximum cross-sectional dimension is 7mm or lesses amounted to $6,373 per ton, waning by -2.6% against the previous month. Overall, the import price showed a perceptible decrease. The most prominent rate of growth was recorded in September 2023 when the average import price increased by 45% month-to-month. Over the period under review, average import prices reached the maximum at $9,684 per ton in December 2022; however, from January 2023 to December 2023, import prices failed to regain momentum.
Prices varied noticeably by the country of origin: the country with the highest price was Germany ($10,497 per ton), while the price for the Netherlands ($3,691 per ton) was amongst the lowest.
From December 2022 to December 2023, the most notable rate of growth in terms of prices was attained by Germany (+1.5%), while the prices for the other major suppliers experienced mixed trend patterns.
Exports of Aluminium; Alloys, Wire, Maximum Cross-Sectional Dimension Is 7mm or Less in Canada
Exports of aluminium; alloys, wire, maximum cross-sectional dimension is 7mm or lesses from Canada stood at 4.8K tons in 2022, growing by 2.6% on 2021 figures. The total export volume increased at an average annual rate of +7.2% over the period from 2019 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The pace of growth was the most pronounced in 2021 with an increase of 42%. Over the period under review, the exports of attained the peak figure in 2022 and are likely to see gradual growth in the near future.
In value terms, exports of aluminium; alloys, wire, maximum cross-sectional dimension is 7mm or lesses rose markedly to $28M in 2022. In general, total exports indicated a strong expansion from 2019 to 2022: its value increased at an average annual rate of +10.0% over the last three-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, exports increased by +66.3% against 2020 indices. The most prominent rate of growth was recorded in 2021 with an increase of 51% against the previous year. Over the period under review, the exports of attained the peak figure in 2022 and are expected to retain growth in years to come.
| Export of Aluminium; Alloys, Wire, Maximum Cross-Sectional Dimension Is 7mm or Less in Canada (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| United States | 15.2 | 12.5 | 19.2 | 23.0 | 14.8% |
| France | 0.8 | 0.4 | 1.3 | 1.6 | 26.0% |
| China | 1.9 | 0.9 | 1.2 | 1.1 | -16.7% |
| India | 0.4 | 0.4 | 0.6 | 0.7 | 20.5% |
| South Korea | 0.7 | 0.9 | 1.1 | 0.7 | 0.0% |
| Brazil | 0.3 | 0.2 | 0.4 | 0.4 | 10.1% |
| Mexico | 0.2 | 0.5 | 0.8 | 0.2 | 0.0% |
| Netherlands | 0.9 | 0.6 | 0.2 | N/A | -52.9% |
| Others | 0.8 | 0.6 | 0.9 | 0.7 | -4.4% |
| Total | 21.2 | 17.0 | 25.7 | 28.2 | 10.0% |
Top Export Markets for Aluminium; Alloys, Wire, Maximum Cross-Sectional Dimension Is 7mm or Less from Canada in 2022:
- United States (3214.5 tons)
- France (476.0 tons)
- China (323.9 tons)
- India (208.2 tons)
- South Korea (198.2 tons)
- Brazil (111.8 tons)
- Mexico (59.2 tons)
Imports of Aluminium; Alloys, Wire, Maximum Cross-Sectional Dimension Is 7mm or Less in Canada
In 2022, after three years of growth, there was significant decline in purchases abroad of aluminium; alloys, wire, maximum cross-sectional dimension is 7mm or lesses, when their volume decreased by -23.1% to 1.3K tons. The total import volume increased at an average annual rate of +4.4% from 2019 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The most prominent rate of growth was recorded in 2021 when imports increased by 29% against the previous year. As a result, imports reached the peak of 1.7K tons, and then contracted notably in the following year.
In value terms, imports of aluminium; alloys, wire, maximum cross-sectional dimension is 7mm or lesses fell modestly to $8.7M in 2022. Over the period under review, total imports indicated a prominent increase from 2019 to 2022: its value increased at an average annual rate of +12.6% 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 +42.9% against 2019 indices. The pace of growth appeared the most rapid in 2021 when imports increased by 45% against the previous year. As a result, imports attained the peak of $9.1M, and then dropped slightly in the following year.
| Import of Aluminium; Alloys, Wire, Maximum Cross-Sectional Dimension Is 7mm or Less in Canada (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| United States | 5.2 | 5.3 | 7.7 | 7.4 | 12.5% |
| Germany | 0.5 | 0.4 | 0.6 | 0.7 | 11.9% |
| China | 0.2 | 0.2 | 0.3 | 0.5 | 35.7% |
| Bahrain | 0.1 | 0.1 | 0.1 | 0.1 | 0.0% |
| Others | 0.2 | 0.2 | 0.4 | 0.1 | -20.6% |
| Total | 6.1 | 6.3 | 9.1 | 8.7 | 12.6% |
Top Suppliers of Aluminium; Alloys, Wire, Maximum Cross-Sectional Dimension Is 7mm or Less to Canada in 2022:
- United States (1117.7 tons)
- China (98.1 tons)
- Germany (81.0 tons)
- Bahrain (13.1 tons)
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