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

Contents:

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

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

The average import price for aluminium; plates, sheets and strip, thickness exceeding 0.2mm, alloys, rectangular (including square)s stood at $3,138 per ton in 2022, surging by 24% against the previous year. Overall, the import price saw a relatively flat trend pattern. The pace of growth appeared the most rapid in 2016 when the average import price increased by 31% against the previous year. Over the period under review, average import prices attained the maximum in 2022 and is likely to continue growth in years to come.

There were significant differences in the average prices amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was Italy ($7,833 per ton), while the price for Russia ($2,149 per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Italy (+9.4%), while the prices for the other major suppliers experienced mixed trend patterns.

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

In 2022, the average export price for aluminium; plates, sheets and strip, thickness exceeding 0.2mm, alloys, rectangular (including square)s amounted to $4,192 per ton, increasing by 3.3% against the previous year. In general, export price indicated modest growth 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; plates, sheets and strip, thickness exceeding 0.2mm, alloys, rectangular (including square)s increased by +84.8% against 2018 indices. The most prominent rate of growth was recorded in 2020 when the average export price increased by 37%. Over the period under review, the average export prices reached the peak figure in 2022 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 Ethiopia ($5,966 per ton), while the average price for exports to Maldives ($3,260 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 Ethiopia (+6.9%), while the prices for the other major destinations experienced mixed trend patterns.

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

In 2022, the amount of aluminium; plates, sheets and strip, thickness exceeding 0.2mm, alloys, rectangular (including square)s imported into Sri Lanka contracted dramatically to 1.3K tons, which is down by -35.9% on 2021. Overall, imports showed a sharp downturn. The smallest decline of -26.5% was in 2021.

In value terms, imports of aluminium; plates, sheets and strip, thickness exceeding 0.2mm, alloys, rectangular (including square)s dropped sharply to $4M in 2022. Over the period under review, imports continue to indicate a precipitous descent. The smallest decline of -16.8% was in 2021.

Import of Aluminium; Plates, Sheets and Strip, Thickness Exceeding 0.2mm, Alloys, Rectangular (Including Square) in Sri Lanka (Million USD)
COUNTRY2019202020212022CAGR,
2019-2022
China16.63.92.71.8-52.3%
India3.50.80.80.8-38.9%
Italy0.20.10.10.20.0%
Japan0.20.10.10.20.0%
Russia1.30.30.20.2-46.4%
Oman0.10.10.10.10.0%
United Arab Emirates0.10.10.10.10.0%
South Korea1.70.10.10.1-61.1%
Others6.20.71.00.6-54.1%
Total29.96.15.04.0-48.9%

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

  1. China (608.0 tons)
  2. India (343.9 tons)
  3. Russia (105.2 tons)
  4. Japan (49.0 tons)
  5. United Arab Emirates (34.2 tons)
  6. Oman (29.6 tons)
  7. Italy (24.8 tons)
  8. South Korea (24.5 tons)

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

In 2022, exports of aluminium; plates, sheets and strip, thickness exceeding 0.2mm, alloys, rectangular (including square)s from Sri Lanka fell notably to 2.1 tons, which is down by -62.1% against the year before. Over the period under review, exports faced a abrupt curtailment. The pace of growth appeared the most rapid in 2021 when exports increased by 53% against the previous year. As a result, the exports reached the peak of 5.4 tons, and then declined significantly in the following year.

In value terms, exports of aluminium; plates, sheets and strip, thickness exceeding 0.2mm, alloys, rectangular (including square)s contracted dramatically to $8.6K in 2022. In general, exports continue to indicate a deep reduction. The growth pace was the most rapid in 2021 when exports increased by 65% against the previous year. As a result, the exports reached the peak of $22K, and then declined sharply in the following year.

Export of Aluminium; Plates, Sheets and Strip, Thickness Exceeding 0.2mm, Alloys, Rectangular (Including Square) in Sri Lanka (Thousand USD)
COUNTRY2019202020212022CAGR,
2019-2022
Maldives0.12.715.44.3250.3%
EthiopiaN/A4.32.22.6-22.2%
Bangladesh0.16.31.51.6152.0%
Nepal1.1N/AN/AN/A0%
South Korea8.5N/AN/AN/A0%
Indonesia0.4N/AN/AN/A0%
United Arab EmiratesN/AN/A2.4N/A0%
Others0.10.10.40.10.0%
Total10.413.322.08.6-6.1%

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

  1. Maldives (1309.0 kg)
  2. Ethiopia (444.0 kg)
  3. Bangladesh (292.0 kg)

Source: IndexBox Market Intelligence Platform

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