Price for Aluminium; Plates, Sheets and Strip, Thickness Exceeding 0.2mm, Alloys, Rectangular (Including Square) in Singapore - 2023

Contents:

  1. Price for Aluminium; Plates, Sheets and Strip, Thickness Exceeding 0.2mm, Alloys, Rectangular (Including Square) in Singapore (CIF) - 2023
  2. Price for Aluminium; Plates, Sheets and Strip, Thickness Exceeding 0.2mm, Alloys, Rectangular (Including Square) in Singapore (FOB) - 2023
  3. Imports of Aluminium; Plates, Sheets and Strip, Thickness Exceeding 0.2mm, Alloys, Rectangular (Including Square) in Singapore
  4. Exports of Aluminium; Plates, Sheets and Strip, Thickness Exceeding 0.2mm, Alloys, Rectangular (Including Square) in Singapore

Price for Aluminium; Plates, Sheets and Strip, Thickness Exceeding 0.2mm, Alloys, Rectangular (Including Square) in Singapore (CIF) - 2023

The average import price for aluminium; plates, sheets and strip, thickness exceeding 0.2mm, alloys, rectangular (including square)s stood at $6,734 per ton in September 2022, rising by 14% against the previous month. Over the last three-month period, it increased at an average monthly rate of +1.9%. As a result, import price reached 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 the United States ($10,571 per ton), while the price for Bahrain ($5,095 per ton) was amongst the lowest.

From June 2022 to September 2022, the most notable rate of growth in terms of prices was attained by Russia (+13.5%), while the prices for the other major suppliers experienced more modest paces of growth.

Price for Aluminium; Plates, Sheets and Strip, Thickness Exceeding 0.2mm, Alloys, Rectangular (Including Square) in Singapore (FOB) - 2023

In September 2022, the average export price for aluminium; plates, sheets and strip, thickness exceeding 0.2mm, alloys, rectangular (including square)s amounted to $10,127 per ton, growing by 35% against the previous month. Over the last three months, it increased at an average monthly rate of +11.9%. As a result, the export price attained the peak level and is likely to continue growth in the immediate term.

Prices varied noticeably by the country of destination: the country with the highest price was India ($14,425 per ton), while the average price for exports to Australia ($4,880 per ton) was amongst the lowest.

From June 2022 to September 2022, the most notable rate of growth in terms of prices was recorded for supplies to India (+29.8%), while the prices for the other major destinations experienced more modest paces of growth.

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

In 2022, approx. 55K tons of aluminium; plates, sheets and strip, thickness exceeding 0.2mm, alloys, rectangular (including square)s were imported into Singapore; picking up by 4% against the year before. Overall, total imports indicated buoyant growth from 2019 to 2022: its volume increased at an average annual rate of +11.1% over the last three-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +47.3% against 2020 indices. The growth pace was the most rapid in 2021 when imports increased by 42%. Imports peaked in 2022 and are expected to retain growth in the immediate term.

In value terms, imports of aluminium; plates, sheets and strip, thickness exceeding 0.2mm, alloys, rectangular (including square)s soared to $248M in 2022. Over the period under review, imports recorded significant growth. The growth pace was the most rapid in 2021 with an increase of 76%. Imports peaked in 2022 and are expected to retain growth in the near future.

Import of Aluminium; Plates, Sheets and Strip, Thickness Exceeding 0.2mm, Alloys, Rectangular (Including Square) in Singapore (Million USD)
COUNTRY2019202020212022CAGR,
2019-2022
China66.357.795.312021.9%
United States5.610.115.930.275.4%
Japan2.20.722.822.1115.8%
Taiwan (Chinese)2.82.07.317.483.9%
Bahrain3.24.66.57.231.0%
Austria1.83.83.27.258.7%
South Africa1.62.13.05.752.7%
Greece2.02.94.05.741.8%
Italy6.33.10.34.4-11.3%
South Korea5.71.23.01.2-40.5%
Others16.017.924.526.518.3%
Total11410618624829.6%

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

  1. China (30.0K tons)
  2. Japan (5.1K tons)
  3. Taiwan (Chinese) (4.2K tons)
  4. United States (4.2K tons)
  5. Bahrain (1.9K tons)
  6. South Africa (1.2K tons)
  7. Greece (1.1K tons)
  8. Austria (1.1K tons)
  9. Italy (0.6K tons)
  10. South Korea (0.4K tons)

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

After three years of growth, shipments abroad of aluminium; plates, sheets and strip, thickness exceeding 0.2mm, alloys, rectangular (including square)s decreased by -19.4% to 21K tons in 2022. In general, total exports indicated a buoyant expansion from 2019 to 2022: its volume increased at an average annual rate of +9.7% 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 +31.8% against 2019 indices. The growth pace was the most rapid in 2021 when exports increased by 54% against the previous year. As a result, the exports reached the peak of 26K tons, and then fell markedly in the following year.

In value terms, exports of aluminium; plates, sheets and strip, thickness exceeding 0.2mm, alloys, rectangular (including square)s expanded rapidly to $113M in 2022. Overall, exports, however, enjoyed a significant expansion. The pace of growth appeared the most rapid in 2021 when exports increased by 71% against the previous year. Over the period under review, the exports of hit record highs in 2022 and are expected to retain growth in years to come.

Export of Aluminium; Plates, Sheets and Strip, Thickness Exceeding 0.2mm, Alloys, Rectangular (Including Square) in Singapore (Million USD)
COUNTRY2019202020212022CAGR,
2019-2022
Malaysia31.936.975.484.238.2%
Vietnam7.55.26.66.2-6.1%
China1.51.92.66.058.7%
Indonesia3.74.84.53.6-0.9%
Thailand3.02.52.13.44.3%
United Arab Emirates0.40.41.72.071.0%
India1.41.31.22.012.6%
Others3.75.05.25.312.7%
Total53.157.999.311328.6%

Top Export Markets for Aluminium; Plates, Sheets and Strip, Thickness Exceeding 0.2mm, Alloys, Rectangular (Including Square) from Singapore in 2022:

  1. Malaysia (16.4K tons)
  2. Vietnam (0.9K tons)
  3. Indonesia (0.8K tons)
  4. China (0.8K tons)
  5. United Arab Emirates (0.5K tons)
  6. Thailand (0.5K tons)
  7. India (0.3K tons)

Source: IndexBox Market Intelligence Platform

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