Price for Aluminium; Alloys, Wire, Maximum Cross-Sectional Dimension Is 7mm or Less in Singapore - 2022

Contents:

1. Price for Aluminium; Alloys, Wire, Maximum Cross-Sectional Dimension Is 7mm or Less in Singapore (CIF) - 2022
2. Price for Aluminium; Alloys, Wire, Maximum Cross-Sectional Dimension Is 7mm or Less in Singapore (FOB) - 2022
3. Imports of Aluminium; Alloys, Wire, Maximum Cross-Sectional Dimension Is 7mm or Less in Singapore
4. Exports of Aluminium; Alloys, Wire, Maximum Cross-Sectional Dimension Is 7mm or Less in Singapore

Price for Aluminium; Alloys, Wire, Maximum Cross-Sectional Dimension Is 7mm or Less in Singapore (CIF) - 2022

In 2022, the average import price for aluminium; alloys, wire, maximum cross-sectional dimension is 7mm or lesses amounted to $10,242 per ton, which is down by -12.3% against the previous year. In general, the import price, however, continues to indicate a buoyant increase. The pace of growth appeared the most rapid in 2021 an increase of 87% against the previous year. As a result, import price attained the peak level of $11,673 per ton, and then declined in the following year.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Japan ($21,797 per ton), while the price for Malaysia ($3,782 per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Japan (+11.5%), while the prices for the other major suppliers experienced more modest paces of growth.

Price for Aluminium; Alloys, Wire, Maximum Cross-Sectional Dimension Is 7mm or Less in Singapore (FOB) - 2022

The average export price for aluminium; alloys, wire, maximum cross-sectional dimension is 7mm or lesses stood at $23,888 per ton in September 2022, surging by 442% against the previous month. In general, the export price, however, recorded a mild setback. The export price peaked at $104K per ton in May 2022; however, from June 2022 to September 2022, the export prices remained at a lower figure.

There were significant differences in the average prices for the major external markets. In September 2022, the country with the highest price was China ($185K per ton), while the average price for exports to Malaysia ($13,857 per ton) was amongst the lowest.

From September 2021 to September 2022, the most notable rate of growth in terms of prices was recorded for supplies to France (+15.3%), while the prices for the other major destinations experienced more modest paces of growth.

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

For the fourth year in a row, Singapore recorded growth in purchases abroad of aluminium; alloys, wire, maximum cross-sectional dimension is 7mm or lesses, which increased by 12% to 469 tons in 2022. In general, total imports indicated a resilient increase from 2019 to 2022: its volume increased at an average annual rate of +14.8% over the last three years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +51.1% against 2019 indices. The most prominent rate of growth was recorded in 2021 with an increase of 20% against the previous year. Over the period under review, imports of hit record highs in 2022 and are expected to retain growth in the immediate term.

In value terms, imports of aluminium; alloys, wire, maximum cross-sectional dimension is 7mm or lesses dropped modestly to $4.8M in 2022. Over the period under review, imports enjoyed a significant increase. The most prominent rate of growth was recorded in 2021 with an increase of 126%. As a result, imports reached the peak of $4.9M, and then dropped slightly in the following year.

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

1. Italy (171.8 tons)
2. Japan (126.9 tons)
3. China (105.9 tons)
4. Malaysia (38.8 tons)
5. United States (22.1 tons)
6. South Korea (0.1 tons)

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

In 2022, exports of aluminium; alloys, wire, maximum cross-sectional dimension is 7mm or lesses from Singapore amounted to 137 tons, increasing by 2.2% against 2021. Overall, exports, however, recorded a precipitous contraction. The most prominent rate of growth was recorded in 2021 with an increase of 101% against the previous year.

In value terms, exports of aluminium; alloys, wire, maximum cross-sectional dimension is 7mm or lesses shrank to $3M in 2022. Over the period under review, exports, however, continue to indicate a sharp downturn. The growth pace was the most rapid in 2021 with an increase of 80%.

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

1. Indonesia (55.8 tons)
2. Malaysia (35.2 tons)
3. China (9.7 tons)
4. Sweden (6.8 tons)
5. Australia (6.0 tons)
6. Hong Kong SAR (5.7 tons)
7. Philippines (5.5 tons)
8. Thailand (4.6 tons)
9. South Korea (0.3 tons)

Source: IndexBox Market Intelligence Platform