Price for Aluminium; Plates, Sheets and Strip, Thickness Exceeding 0.2mm, Alloys, Rectangular (Including Square) in Iraq - 2022

Contents:

  1. Price for Aluminium; Plates, Sheets and Strip, Thickness Exceeding 0.2mm, Alloys, Rectangular (Including Square) in Iraq (CIF) - 2022
  2. Imports of Aluminium; Plates, Sheets and Strip, Thickness Exceeding 0.2mm, Alloys, Rectangular (Including Square) in Iraq

Price for Aluminium; Plates, Sheets and Strip, Thickness Exceeding 0.2mm, Alloys, Rectangular (Including Square) in Iraq (CIF) - 2022

In 2022, the average import price for aluminium; plates, sheets and strip, thickness exceeding 0.2mm, alloys, rectangular (including square)s amounted to $1,955 per ton, growing by 24% against the previous year. In general, the import price, however, saw a relatively flat trend pattern. The pace of growth appeared the most rapid in 2020 when the average import price increased by 62% against the previous year. As a result, import price reached the peak level of $2,205 per ton. From 2021 to 2022, the average import prices remained at a lower figure.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Turkey ($5,649 per ton), while the price for China ($1,878 per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Turkey (+7.3%), while the prices for the other major suppliers experienced more modest paces of growth.

Imports of Aluminium; Plates, Sheets and Strip, Thickness Exceeding 0.2mm, Alloys, Rectangular (Including Square) in Iraq

In 2022, the amount of aluminium; plates, sheets and strip, thickness exceeding 0.2mm, alloys, rectangular (including square)s imported into Iraq soared to 28K tons, increasing by 170% on the previous year. In general, imports recorded a significant increase. The most prominent rate of growth was recorded in 2020 when imports increased by 188% against the previous year. As a result, imports reached the peak of 34K tons. From 2021 to 2022, the growth of imports of remained at a somewhat lower figure.

In value terms, imports of aluminium; plates, sheets and strip, thickness exceeding 0.2mm, alloys, rectangular (including square)s surged to $55M in 2022. Overall, imports continue to indicate a significant expansion. The most prominent rate of growth was recorded in 2020 with an increase of 368%. As a result, imports attained the peak of $75M. From 2021 to 2022, the growth of imports of failed to regain momentum.

Import of Aluminium; Plates, Sheets and Strip, Thickness Exceeding 0.2mm, Alloys, Rectangular (Including Square) in Iraq (Million USD)
COUNTRY2019202020212022CAGR,
2019-2022
China9.810.89.948.069.8%
Iran2.92.74.44.112.2%
United Arab Emirates0.50.61.41.647.4%
Turkey1.11.70.51.0-3.1%
Saudi ArabiaN/A56.6N/AN/A0%
Others1.52.00.30.3-41.5%
Total15.974.516.455.051.2%

Top Suppliers of Aluminium; Plates, Sheets and Strip, Thickness Exceeding 0.2mm, Alloys, Rectangular (Including Square) to Iraq in 2022:

  1. China (25.6K tons)
  2. Iran (1.8K tons)
  3. United Arab Emirates (0.5K tons)
  4. Turkey (0.2K tons)

Source: IndexBox Market Intelligence Platform

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