Price for Aluminium; Plates, Sheets and Strip, Thickness Exceeding 0.2mm, Alloys, Rectangular (Including Square) in Canada - 2024
Contents:
- Price for Aluminium; Plates, Sheets and Strip, Thickness Exceeding 0.2mm, Alloys, Rectangular (Including Square) in Canada (CIF) - 2024
- Price for Aluminium; Plates, Sheets and Strip, Thickness Exceeding 0.2mm, Alloys, Rectangular (Including Square) in Canada (FOB) - 2024
- Imports of Aluminium; Plates, Sheets and Strip, Thickness Exceeding 0.2mm, Alloys, Rectangular (Including Square) in Canada
- Exports of Aluminium; Plates, Sheets and Strip, Thickness Exceeding 0.2mm, Alloys, Rectangular (Including Square) in Canada
Price for Aluminium; Plates, Sheets and Strip, Thickness Exceeding 0.2mm, Alloys, Rectangular (Including Square) in Canada (CIF) - 2024
The average import price for aluminium; plates, sheets and strip, thickness exceeding 0.2mm, alloys, rectangular (including square)s stood at $3,628 per ton in December 2023, declining by -6.4% against the previous month. Overall, the import price recorded a relatively flat trend pattern. The pace of growth appeared the most rapid in October 2023 when the average import price increased by 7.5% m-o-m. Over the period under review, average import prices attained the peak figure at $4,029 per ton in March 2023; however, from April 2023 to December 2023, import prices failed to regain momentum.
Average prices varied somewhat amongst the major supplying countries. In December 2023, the country with the highest price was Germany ($4,351 per ton), while the price for China ($3,212 per ton) was amongst the lowest.
From January 2023 to December 2023, the most notable rate of growth in terms of prices was attained by the United States (-0.1%), while the prices for the other major suppliers experienced a decline.
Price for Aluminium; Plates, Sheets and Strip, Thickness Exceeding 0.2mm, Alloys, Rectangular (Including Square) in Canada (FOB) - 2024
The average export price for aluminium; plates, sheets and strip, thickness exceeding 0.2mm, alloys, rectangular (including square)s stood at $3,759 per ton in December 2023, dropping by -4.7% against the previous month. Overall, the export price saw a precipitous contraction. The growth pace was the most rapid in August 2023 when the average export price increased by 5,262% m-o-m. As a result, the export price attained the peak level of $208K per ton. From September 2023 to December 2023, the the average export prices remained at a lower figure.
As there is only one major export destination, the average price level is determined by prices for the United States.
From January 2023 to December 2023, the rate of growth in terms of prices for the United States amounted to -0.6% per month.
Imports of Aluminium; Plates, Sheets and Strip, Thickness Exceeding 0.2mm, Alloys, Rectangular (Including Square) in Canada
In 2022, supplies from abroad of aluminium; plates, sheets and strip, thickness exceeding 0.2mm, alloys, rectangular (including square)s decreased by -3.2% to 464K tons for the first time since 2018, thus ending a three-year rising trend. The total import volume increased at an average annual rate of +1.8% over the period from 2019 to 2022; the trend pattern remained consistent, with somewhat noticeable fluctuations being observed in certain years. The growth pace was the most rapid in 2021 when imports increased by 9%. As a result, imports reached the peak of 479K tons, and then shrank modestly in the following year.
In value terms, imports of aluminium; plates, sheets and strip, thickness exceeding 0.2mm, alloys, rectangular (including square)s skyrocketed to $2.1B in 2022. Over the period under review, total imports indicated a resilient increase from 2019 to 2022: its value increased at an average annual rate of +13.1% 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 +62.8% against 2020 indices. The pace of growth appeared the most rapid in 2021 with an increase of 38% against the previous year. Imports peaked in 2022 and are likely to continue growth in the immediate term.
| Import of Aluminium; Plates, Sheets and Strip, Thickness Exceeding 0.2mm, Alloys, Rectangular (Including Square) in Canada (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| United States | 958 | 803 | 961 | 1,192 | 7.6% |
| China | 266 | 299 | 533 | 637 | 33.8% |
| Germany | 69.7 | 53.9 | 63.9 | 70.7 | 0.5% |
| Saudi Arabia | 60.3 | 48.7 | 80.4 | 61.0 | 0.4% |
| Others | 73.3 | 64.5 | 115 | 105 | 12.7% |
| Total | 1,427 | 1,269 | 1,754 | 2,065 | 13.1% |
Top Suppliers of Aluminium; Plates, Sheets and Strip, Thickness Exceeding 0.2mm, Alloys, Rectangular (Including Square) to Canada in 2022:
- United States (270.5K tons)
- China (148.5K tons)
- Saudi Arabia (13.8K tons)
- Germany (11.9K tons)
Exports of Aluminium; Plates, Sheets and Strip, Thickness Exceeding 0.2mm, Alloys, Rectangular (Including Square) in Canada
In 2022, approx. 156K tons of aluminium; plates, sheets and strip, thickness exceeding 0.2mm, alloys, rectangular (including square)s were exported from Canada; with an increase of 14% against the previous year's figure. The total export volume increased at an average annual rate of +5.2% over the period from 2019 to 2022; the trend pattern remained relatively stable, with only minor fluctuations being observed throughout the analyzed period. As a result, the exports attained the peak and are likely to continue growth in the immediate term.
In value terms, exports of aluminium; plates, sheets and strip, thickness exceeding 0.2mm, alloys, rectangular (including square)s skyrocketed to $683M in 2022. Overall, total exports indicated a strong expansion from 2019 to 2022: its value increased at an average annual rate of +16.2% 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 +71.2% against 2020 indices. The pace of growth appeared the most rapid in 2021 when exports increased by 32% against the previous year. The exports peaked in 2022 and are expected to retain growth in the near future.
| Export of Aluminium; Plates, Sheets and Strip, Thickness Exceeding 0.2mm, Alloys, Rectangular (Including Square) in Canada (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| United States | 424 | 392 | 519 | 675 | 16.8% |
| Others | 10.7 | 6.9 | 8.6 | 7.9 | -9.6% |
| Total | 435 | 399 | 528 | 683 | 16.2% |
Top Export Markets for Aluminium; Plates, Sheets and Strip, Thickness Exceeding 0.2mm, Alloys, Rectangular (Including Square) from Canada in 2022:
- United States (154.0K tons)
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