Price for Aluminium; Alloys, Wire, Maximum Cross-Sectional Dimension Is 7mm or Less in the United States - 2023
Contents:
- Price for Aluminium; Alloys, Wire, Maximum Cross-Sectional Dimension Is 7mm or Less in the United States (FOB) - 2022
- Price for Aluminium; Alloys, Wire, Maximum Cross-Sectional Dimension Is 7mm or Less in the United States (CIF) - 2023
- Exports of Aluminium; Alloys, Wire, Maximum Cross-Sectional Dimension Is 7mm or Less in the United States
- Imports of Aluminium; Alloys, Wire, Maximum Cross-Sectional Dimension Is 7mm or Less in the United States
Price for Aluminium; Alloys, Wire, Maximum Cross-Sectional Dimension Is 7mm or Less in the United States (FOB) - 2022
The average export price for aluminium; alloys, wire, maximum cross-sectional dimension is 7mm or lesses stood at $7,612 per ton in 2022, picking up by 20% against the previous year. Over the period from 2012 to 2022, it increased at an average annual rate of +2.2%. As a result, the export price reached the peak level and is likely to continue growth in the immediate term.
Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Germany ($22,893 per ton), while the average price for exports to Japan ($6,575 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Germany (+13.8%), 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 the United States (CIF) - 2023
In December 2023, the average import price for aluminium; alloys, wire, maximum cross-sectional dimension is 7mm or lesses amounted to $9,115 per ton, surging by 46% against the previous month. Over the period from December 2022 to December 2023, it increased at an average monthly rate of +1.5%. As a result, import price attained the peak level and is likely to continue growth in the immediate term.
Prices varied noticeably by the country of origin: the country with the highest price was China ($26,015 per ton), while the price for Canada ($6,921 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 China (+6.0%), 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 the United States
In 2022, exports of aluminium; alloys, wire, maximum cross-sectional dimension is 7mm or lesses from the United States declined to 6.1K tons, reducing by -11.2% against the year before. Overall, exports continue to indicate a pronounced downturn. The pace of growth was the most pronounced in 2021 with an increase of 21% against the previous year. As a result, the exports reached the peak of 6.9K tons, and then reduced in the following year.
In value terms, exports of aluminium; alloys, wire, maximum cross-sectional dimension is 7mm or lesses rose remarkably to $47M in 2022. The total export value increased at an average annual rate of +4.5% over the period from 2019 to 2022; the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The pace of growth appeared the most rapid in 2021 with an increase of 33% against the previous year. The exports peaked 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 the United States (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Mexico | 9.1 | 7.0 | 8.0 | 11.3 | 7.5% |
| Canada | 6.0 | 6.0 | 7.0 | 8.0 | 10.1% |
| Czech Republic | 8.0 | 5.1 | 6.0 | 6.7 | -5.7% |
| China | 8.6 | 6.2 | 7.8 | 5.7 | -12.8% |
| Japan | N/A | 1.8 | 4.8 | 3.4 | 37.4% |
| Taiwan (Chinese) | 1.5 | 0.5 | 2.3 | 2.6 | 20.1% |
| South Korea | 0.9 | 1.3 | 1.6 | 1.9 | 28.3% |
| Others | 6.9 | 5.1 | 6.3 | 7.0 | 0.5% |
| Total | 40.9 | 33.0 | 43.8 | 46.7 | 4.5% |
Top Export Markets for Aluminium; Alloys, Wire, Maximum Cross-Sectional Dimension Is 7mm or Less from the United States in 2022:
- Mexico (1487.7 tons)
- Canada (1174.6 tons)
- Czech Republic (919.6 tons)
- China (703.9 tons)
- Japan (517.4 tons)
- Taiwan (Chinese) (283.8 tons)
- South Korea (241.8 tons)
Imports of Aluminium; Alloys, Wire, Maximum Cross-Sectional Dimension Is 7mm or Less in the United States
In 2022, approx. 4.3K tons of aluminium; alloys, wire, maximum cross-sectional dimension is 7mm or lesses were imported into the United States; picking up by 11% on the year before. Overall, imports, however, continue to indicate a relatively flat trend pattern. The growth pace was the most rapid in 2021 with an increase of 35%.
In value terms, imports of aluminium; alloys, wire, maximum cross-sectional dimension is 7mm or lesses surged to $31M in 2022. In general, total imports indicated slight growth from 2019 to 2022: its value increased at an average annual rate of +1.6% 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 +56.8% against 2020 indices. The pace of growth appeared the most rapid in 2021 when imports increased by 35%. Imports peaked in 2022 and are likely to see gradual growth in the near future.
| Import of Aluminium; Alloys, Wire, Maximum Cross-Sectional Dimension Is 7mm or Less in the United States (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Canada | 15.2 | 12.4 | 19.2 | 22.9 | 14.6% |
| China | 7.6 | 1.7 | 3.1 | 2.4 | -31.9% |
| Germany | 0.6 | 0.5 | 0.6 | 1.1 | 22.4% |
| Slovenia | 0.4 | 0.3 | 0.4 | 1.0 | 35.7% |
| Japan | 2.5 | 2.8 | 1.7 | 0.9 | -28.9% |
| Spain | N/A | N/A | 0.6 | 0.7 | 16.7% |
| Italy | 0.5 | 0.4 | 0.5 | 0.5 | 0.0% |
| Hungary | N/A | 0.3 | 0.2 | 0.3 | 0.0% |
| Others | 2.6 | 1.4 | 0.3 | 1.0 | -27.3% |
| Total | 29.3 | 19.6 | 26.6 | 30.8 | 1.7% |
Top Suppliers of Aluminium; Alloys, Wire, Maximum Cross-Sectional Dimension Is 7mm or Less to the United States in 2022:
- Canada (3205.4 tons)
- China (350.5 tons)
- Japan (151.4 tons)
- Spain (147.1 tons)
- Slovenia (128.5 tons)
- Germany (110.8 tons)
- Hungary (71.8 tons)
- Italy (59.4 tons)
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