Price for Aluminium; Alloys, Wire, Maximum Cross-Sectional Dimension Is 7mm or Less in Italy - 2023

Contents:

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

Price for Aluminium; Alloys, Wire, Maximum Cross-Sectional Dimension Is 7mm or Less in Italy (FOB) - 2023

In October 2023, the average export price for aluminium; alloys, wire, maximum cross-sectional dimension is 7mm or lesses amounted to $8,298 per ton, growing by 5.4% against the previous month. Overall, the export price continues to indicate modest growth. The pace of growth appeared the most rapid in March 2023 when the average export price increased by 15% against the previous month. The export price peaked in October 2023.

There were significant differences in the average prices for the major external markets. In October 2023, the country with the highest price was the UK ($8,968 per ton), while the average price for exports to Mexico ($5,488 per ton) was amongst the lowest.

From October 2022 to October 2023, the most notable rate of growth in terms of prices was recorded for supplies to the UK (+12.3%), 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 Italy (CIF) - 2023

The average import price for aluminium; alloys, wire, maximum cross-sectional dimension is 7mm or lesses stood at $6,456 per ton in October 2023, picking up by 16% against the previous month. In general, the import price saw a relatively flat trend pattern. The pace of growth appeared the most rapid in August 2023 when the average import price increased by 82% m-o-m. As a result, import price reached the peak level of $11,309 per ton. From September 2023 to October 2023, the average import prices remained at a somewhat lower figure.

Prices varied noticeably by the country of origin: the country with the highest price was Turkey ($8,229 per ton), while the price for Switzerland ($5,152 per ton) was amongst the lowest.

From October 2022 to October 2023, the most notable rate of growth in terms of prices was attained by Turkey (+3.1%), while the prices for the other major suppliers experienced more modest paces of growth.

Exports of Aluminium; Alloys, Wire, Maximum Cross-Sectional Dimension Is 7mm or Less in Italy

In 2022, the amount of aluminium; alloys, wire, maximum cross-sectional dimension is 7mm or lesses exported from Italy dropped to 6.6K tons, which is down by -6.7% against the previous year's figure. In general, exports showed a perceptible downturn. The most prominent rate of growth was recorded in 2021 when exports increased by 3.6% against the previous year.

In value terms, exports of aluminium; alloys, wire, maximum cross-sectional dimension is 7mm or lesses rose significantly to $49M in 2022. The total export value increased at an average annual rate of +5.9% over the period from 2019 to 2022; the trend pattern remained consistent, with only minor fluctuations being recorded throughout the analyzed period. The growth pace was the most rapid in 2021 with an increase of 11% against the previous year. Over the period under review, the exports of reached the peak figure in 2022 and are expected to retain growth in the immediate term.

Top Export Markets for Aluminium; Alloys, Wire, Maximum Cross-Sectional Dimension Is 7mm or Less from Italy in 2022:

1. Germany (1513.7 tons)
2. China (1062.8 tons)
3. Sweden (580.0 tons)
4. Australia (411.2 tons)
5. Spain (267.6 tons)
6. Turkey (262.9 tons)
7. Poland (231.8 tons)
8. Mexico (215.7 tons)
9. Netherlands (198.2 tons)
10. Hong Kong SAR (177.9 tons)
11. United Kingdom (143.3 tons)
12. France (137.4 tons)
13. Brazil (122.7 tons)

Imports of Aluminium; Alloys, Wire, Maximum Cross-Sectional Dimension Is 7mm or Less in Italy

In 2022, imports of aluminium; alloys, wire, maximum cross-sectional dimension is 7mm or lesses into Italy shrank notably to 1.1K tons, with a decrease of -31.8% against 2021 figures. Over the period under review, imports recorded a relatively flat trend pattern. The most prominent rate of growth was recorded in 2021 when imports increased by 54% against the previous year. As a result, imports attained the peak of 1.6K tons, and then reduced dramatically in the following year.

In value terms, imports of aluminium; alloys, wire, maximum cross-sectional dimension is 7mm or lesses shrank to $7M in 2022. The total import value increased at an average annual rate of +9.3% over the period 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 32% against the previous year. As a result, imports reached the peak of $7.5M, and then declined in the following year.

Top Suppliers of Aluminium; Alloys, Wire, Maximum Cross-Sectional Dimension Is 7mm or Less to Italy in 2022:

1. Switzerland (353.3 tons)
2. United States (217.2 tons)
3. Germany (116.7 tons)
4. Spain (81.1 tons)
5. Czech Republic (69.8 tons)
6. China (61.7 tons)
7. Poland (60.8 tons)
8. Slovenia (43.9 tons)
9. Turkey (22.9 tons)

Source: IndexBox Market Intelligence Platform