Price for Aluminium; Powders and Flakes in South Africa - 2023
Contents:
- Price for Aluminium; Powders and Flakes in South Africa (FOB) - 2023
- Price for Aluminium; Powders and Flakes in South Africa (CIF) - 2023
- Exports of Aluminium; Powders and Flakes in South Africa
- Imports of Aluminium; Powders and Flakes in South Africa
Price for Aluminium; Powders and Flakes in South Africa (FOB) - 2023
The average aluminium; powders and flakes export price stood at $1,667 per ton in July 2023, dropping by -14.9% against the previous month. Over the period under review, the export price recorded a mild reduction. The most prominent rate of growth was recorded in November 2022 when the average export price increased by 35% against the previous month. As a result, the export price attained the peak level of $2,548 per ton. From December 2022 to July 2023, the the average export prices remained at a somewhat lower figure.
Average prices varied noticeably for the major export markets. In July 2023, the country with the highest price was South Korea ($1,673 per ton), while the average price for exports to Germany totaled $1,546 per ton.
From July 2022 to July 2023, the most notable rate of growth in terms of prices was recorded for supplies to Germany (+14.6%).
Price for Aluminium; Powders and Flakes in South Africa (CIF) - 2023
The average aluminium; powders and flakes import price stood at $3,676 per ton in July 2023, waning by -85.9% against the previous month. In general, the import price recorded a mild setback. The most prominent rate of growth was recorded in December 2022 when the average import price increased by 750% month-to-month. Over the period under review, average import prices reached the maximum at $91,179 per ton in January 2023; however, from February 2023 to July 2023, import prices stood at a somewhat lower figure.
As there is only one major supplying country, the average price level is determined by prices for Bahrain.
From July 2022 to July 2023, the rate of growth in terms of prices for Bahrain amounted to -1.7% per month.
Exports of Aluminium; Powders and Flakes in South Africa
In 2022, approx. 7.8K tons of aluminium; powders and flakeses were exported from South Africa; growing by 2.3% compared with 2021 figures. Over the period under review, total exports indicated a remarkable increase from 2019 to 2022: its volume increased at an average annual rate of +19.1% over the last three years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, exports increased by +68.9% against 2019 indices. The most prominent rate of growth was recorded in 2021 with an increase of 41%. The exports peaked in 2022 and are likely to see gradual growth in the near future.
In value terms, aluminium; powders and flakes exports rose rapidly to $17M in 2022. Overall, exports recorded a significant expansion. The pace of growth appeared the most rapid in 2021 with an increase of 101%. Over the period under review, the exports hit record highs in 2022 and are likely to continue growth in the immediate term.
| Export of Aluminium; Powders and Flakes in South Africa (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| South Korea | 5.0 | 7.2 | 14.3 | 15.7 | 46.4% |
| Germany | 1.7 | N/A | 0.2 | 0.8 | -22.2% |
| India | 0.1 | 0.1 | 0.1 | 0.3 | 44.2% |
| Spain | 0.5 | 0.2 | 0.5 | 0.1 | -41.5% |
| Others | 0.3 | 0.1 | 0.1 | 0.3 | 0.0% |
| Total | 7.7 | 7.5 | 15.1 | 17.3 | 31.0% |
Top Export Markets for Aluminium; Powders and Flakes from South Africa in 2022:
- South Korea (7.2K tons)
- Germany (0.4K tons)
- India (0.1K tons)
- Spain (0.1K tons)
Imports of Aluminium; Powders and Flakes in South Africa
Aluminium; powders and flakes imports into South Africa surged to 2.1K tons in 2022, increasing by 108% against the year before. Over the period under review, imports saw a strong expansion. As a result, imports attained the peak and are likely to continue growth in the immediate term.
In value terms, aluminium; powders and flakes imports skyrocketed to $9.3M in 2022. Overall, imports posted significant growth. As a result, imports reached the peak and are likely to continue growth in the immediate term.
| Import of Aluminium; Powders and Flakes in South Africa (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Bahrain | 3.0 | 4.3 | 2.9 | 8.5 | 41.5% |
| Austria | N/A | N/A | N/A | 0.5 | 0% |
| Slovenia | 0.3 | 0.9 | N/A | 0.1 | -30.7% |
| Others | 0.5 | 0.2 | 0.4 | 0.3 | -15.7% |
| Total | 3.7 | 5.4 | 3.3 | 9.3 | 36.0% |
Top Suppliers of Aluminium; Powders and Flakes to South Africa in 2022:
- Bahrain (1995.5 tons)
- Austria (41.8 tons)
- Slovenia (7.2 tons)
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