Price for Aluminium; Tubes and Pipes in Canada - 2023
Contents:
- Price for Aluminium; Tubes and Pipes in Canada (CIF) - 2023
- Price for Aluminium; Tubes and Pipes in Canada (FOB) - 2023
- Imports of Aluminium; Tubes and Pipes in Canada
- Exports of Aluminium; Tubes and Pipes in Canada
Price for Aluminium; Tubes and Pipes in Canada (CIF) - 2023
The average aluminium; tubes and pipes import price stood at $6,440 per ton in June 2023, surging by 5.9% against the previous month. Over the period under review, the import price continues to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in January 2023 an increase of 6.2% against the previous month. As a result, import price reached the peak level of $6,586 per ton. From February 2023 to June 2023, the average import prices remained at a lower figure.
There were significant differences in the average prices amongst the major supplying countries. In June 2023, the country with the highest price was the United States ($8,075 per ton), while the price for Vietnam ($3,516 per ton) was amongst the lowest.
From June 2022 to June 2023, the most notable rate of growth in terms of prices was attained by the United States (+0.3%), while the prices for the other major suppliers experienced a decline.
Price for Aluminium; Tubes and Pipes in Canada (FOB) - 2023
The average aluminium; tubes and pipes export price stood at $7,068 per ton in June 2023, dropping by -13.4% against the previous month. In general, the export price continues to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in August 2022 when the average export price increased by 16% month-to-month. The export price peaked at $8,164 per ton in May 2023, and then declined in the following month.
Average prices varied somewhat for the major foreign markets. In June 2023, the highest price was recorded for prices to Mexico ($8,446 per ton) and the UK ($8,438 per ton), while the average price for exports to the United States ($6,699 per ton) and South Korea ($6,993 per ton) were amongst the lowest.
From June 2022 to June 2023, the most notable rate of growth in terms of prices was recorded for supplies to Mexico (-0.3%), while the prices for the other major destinations experienced a decline.
Imports of Aluminium; Tubes and Pipes in Canada
In 2022, approx. 19K tons of aluminium; tubes and pipeses were imported into Canada; shrinking by -4.7% on 2021. The total import volume increased at an average annual rate of +1.6% over the period from 2019 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The pace of growth was the most pronounced in 2021 with an increase of 42% against the previous year. As a result, imports attained the peak of 20K tons, and then declined slightly in the following year.
In value terms, aluminium; tubes and pipes imports skyrocketed to $117M in 2022. Over the period under review, total imports indicated a prominent expansion from 2019 to 2022: its value increased at an average annual rate of +10.9% 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 +65.4% against 2020 indices. The most prominent rate of growth was recorded in 2021 when imports increased by 43% against the previous year. Imports peaked in 2022 and are likely to see gradual growth in years to come.
| Import of Aluminium; Tubes and Pipes in Canada (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| United States | 57.4 | 46.5 | 61.6 | 66.6 | 5.1% |
| Vietnam | 7.3 | 4.8 | 10.4 | 16.2 | 30.4% |
| Malaysia | 4.9 | 3.6 | 6.8 | 10.1 | 27.3% |
| Turkey | 2.3 | 2.5 | 6.2 | 5.5 | 33.7% |
| China | 3.7 | 3.3 | 3.6 | 5.4 | 13.4% |
| Indonesia | 0.9 | 1.2 | 2.2 | 2.9 | 47.7% |
| India | 0.9 | 0.5 | 0.1 | 1.5 | 18.6% |
| Thailand | 0.7 | 1.6 | 2.0 | 0.8 | 4.6% |
| Others | 7.8 | 6.7 | 8.1 | 8.1 | 1.3% |
| Total | 85.8 | 70.8 | 101 | 117 | 10.9% |
Top Suppliers of Aluminium; Tubes and Pipes to Canada in 2022:
- United States (9.3K tons)
- Vietnam (4.3K tons)
- Malaysia (2.0K tons)
- Turkey (1.0K tons)
- China (0.8K tons)
- Indonesia (0.6K tons)
- India (0.4K tons)
- Thailand (0.2K tons)
Exports of Aluminium; Tubes and Pipes in Canada
In 2022, approx. 3.1K tons of aluminium; tubes and pipeses were exported from Canada; increasing by 11% against the previous year. The total export volume increased at an average annual rate of +5.3% from 2019 to 2022; the trend pattern remained consistent, with somewhat noticeable fluctuations being recorded in certain years. As a result, the exports reached the peak and are likely to continue growth in the immediate term.
In value terms, aluminium; tubes and pipes exports skyrocketed to $23M in 2022. The total export value increased at an average annual rate of +3.2% from 2019 to 2022; the trend pattern remained relatively stable, with only minor fluctuations throughout the analyzed period. As a result, the exports reached the peak and are likely to continue growth in the immediate term.
| Export of Aluminium; Tubes and Pipes in Canada (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| United States | 13.8 | 11.6 | 12.9 | 15.6 | 4.2% |
| Mexico | 5.2 | 5.5 | 3.6 | 3.5 | -12.4% |
| South Korea | 0.4 | 0.8 | 0.6 | 1.8 | 65.1% |
| United Kingdom | 0.1 | 0.1 | N/A | 0.6 | 81.7% |
| Ireland | N/A | 0.1 | 0.6 | 0.6 | 144.9% |
| Others | 1.7 | 1.2 | 1.5 | 1.2 | -11.0% |
| Total | 21.2 | 19.4 | 19.2 | 23.3 | 3.2% |
Top Export Markets for Aluminium; Tubes and Pipes from Canada in 2022:
- United States (2213.4 tons)
- Mexico (392.2 tons)
- South Korea (208.5 tons)
- Ireland (70.5 tons)
- United Kingdom (68.9 tons)
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