Price for Aluminium; Foil, (Not Backed), of A Thickness Not Exceeding 0.2mm, Not Rolled in Hungary - 2023

Contents:

1. Price for Aluminium; Foil, (Not Backed), of A Thickness Not Exceeding 0.2mm, Not Rolled in Hungary (CIF) - 2023
2. Price for Aluminium; Foil, (Not Backed), of A Thickness Not Exceeding 0.2mm, Not Rolled in Hungary (FOB) - 2022
3. Imports of Aluminium; Foil, (Not Backed), of A Thickness Not Exceeding 0.2mm, Not Rolled in Hungary
4. Exports of Aluminium; Foil, (Not Backed), of A Thickness Not Exceeding 0.2mm, Not Rolled in Hungary

Price for Aluminium; Foil, (Not Backed), of A Thickness Not Exceeding 0.2mm, Not Rolled in Hungary (CIF) - 2023

The average import price for aluminium; foil, (not backed), of a thickness not exceeding 0.2mm, not rolleds stood at $12,135 per ton in December 2023, shrinking by -20.7% against the previous month. Overall, the import price continues to indicate a mild decrease. The most prominent rate of growth was recorded in July 2023 an increase of 25% month-to-month. As a result, import price attained the peak level of $18,554 per ton. From August 2023 to December 2023, the average import prices remained at a lower figure.

There were significant differences in the average prices amongst the major supplying countries. In December 2023, the country with the highest price was Brazil ($56,406 per ton), while the price for the UK ($4,411 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 Japan (+8.5%), while the prices for the other major suppliers experienced more modest paces of growth.

Price for Aluminium; Foil, (Not Backed), of A Thickness Not Exceeding 0.2mm, Not Rolled in Hungary (FOB) - 2022

In 2022, the average export price for aluminium; foil, (not backed), of a thickness not exceeding 0.2mm, not rolleds amounted to $8,556 per ton, therefore, remained relatively stable against the previous year. In general, export price indicated a modest increase from 2012 to 2022: its price increased at an average annual rate of +1.9% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, export price for aluminium; foil, (not backed), of a thickness not exceeding 0.2mm, not rolleds increased by +57.5% against 2020 indices. The growth pace was the most rapid in 2021 when the average export price increased by 56%. Over the period under review, the average export prices attained the maximum at $10,389 per ton in 2018; however, from 2019 to 2022, the export prices stood at a somewhat lower figure.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Italy ($13,802 per ton), while the average price for exports to Poland ($4,369 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 Ukraine (+11.2%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Aluminium; Foil, (Not Backed), of A Thickness Not Exceeding 0.2mm, Not Rolled in Hungary

Imports of aluminium; foil, (not backed), of a thickness not exceeding 0.2mm, not rolleds into Hungary skyrocketed to 6.1K tons in 2022, growing by 20% on the previous year's figure. The total import volume increased at an average annual rate of +8.1% from 2019 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. As a result, imports attained the peak and are likely to continue growth in the immediate term.

In value terms, imports of aluminium; foil, (not backed), of a thickness not exceeding 0.2mm, not rolleds skyrocketed to $87M in 2022. The total import value increased at an average annual rate of +9.6% over the period from 2019 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The growth pace was the most rapid in 2021 when imports increased by 19% against the previous year. Over the period under review, imports of hit record highs in 2022 and are likely to see steady growth in the near future.

Top Suppliers of Aluminium; Foil, (Not Backed), of A Thickness Not Exceeding 0.2mm, Not Rolled to Hungary in 2022:

1. Germany (1491.5 tons)
2. Iceland (1229.4 tons)
3. Italy (943.9 tons)
4. Poland (603.3 tons)
5. Austria (509.0 tons)
6. China (373.7 tons)
7. Croatia (150.8 tons)
8. Czech Republic (33.1 tons)

Exports of Aluminium; Foil, (Not Backed), of A Thickness Not Exceeding 0.2mm, Not Rolled in Hungary

In 2022, approx. 397 tons of aluminium; foil, (not backed), of a thickness not exceeding 0.2mm, not rolleds were exported from Hungary; growing by 19% against the year before. Overall, exports continue to indicate a significant increase. The pace of growth was the most pronounced in 2020 when exports increased by 353%. As a result, the exports reached the peak of 833 tons. From 2021 to 2022, the growth of the exports of remained at a lower figure.

In value terms, exports of aluminium; foil, (not backed), of a thickness not exceeding 0.2mm, not rolleds soared to $3.4M in 2022. Over the period under review, exports enjoyed a significant expansion. The pace of growth appeared the most rapid in 2020 with an increase of 153%. As a result, the exports attained the peak of $4.5M. From 2021 to 2022, the growth of the exports of failed to regain momentum.

Top Export Markets for Aluminium; Foil, (Not Backed), of A Thickness Not Exceeding 0.2mm, Not Rolled from Hungary in 2022:

1. Slovakia (87.2 tons)
2. Romania (76.4 tons)
3. Czech Republic (74.7 tons)
4. North Macedonia (64.3 tons)
5. Poland (42.4 tons)
6. Italy (8.5 tons)
7. Bulgaria (8.4 tons)
8. Germany (5.3 tons)
9. Austria (1.7 tons)

Source: IndexBox Market Intelligence Platform