Price for Aluminium; Tubes and Pipes in Egypt - 2023

Contents:

1. Price for Aluminium; Tubes and Pipes in Egypt (CIF) - 2023
2. Price for Aluminium; Tubes and Pipes in Egypt (FOB) - 2022
3. Imports of Aluminium; Tubes and Pipes in Egypt
4. Exports of Aluminium; Tubes and Pipes in Egypt

Price for Aluminium; Tubes and Pipes in Egypt (CIF) - 2023

The average aluminium; tubes and pipes import price stood at $7,088 per ton in June 2023, approximately reflecting the previous month. Over the last twelve months, it increased at an average monthly rate of +1.0%. The growth pace was the most rapid in October 2022 an increase of 22% month-to-month. The import price peaked at $7,185 per ton in January 2023; however, from February 2023 to June 2023, import prices stood at a somewhat lower figure.

Average prices varied noticeably amongst the major supplying countries. In June 2023, the country with the highest price was China ($7,090 per ton), while the price for Italy ($7,085 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 Arab Emirates (+2.3%), while the prices for the other major suppliers experienced more modest paces of growth.

Price for Aluminium; Tubes and Pipes in Egypt (FOB) - 2022

In 2022, the average aluminium; tubes and pipes export price amounted to $7,291 per ton, increasing by 7.8% against the previous year. In general, the export price posted a strong expansion. The most prominent rate of growth was recorded in 2020 an increase of 58% against the previous year. Over the period under review, the average export prices hit record highs in 2022 and is likely to see steady growth in the near future.

Average prices varied noticeably for the major external markets. In 2022, amid the top suppliers, the countries with the highest prices were Ghana ($7,336 per ton) and Palestine ($7,336 per ton), while the average price for exports to Sudan ($7,141 per ton) and Lebanon ($7,141 per ton) were amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Libya (+31.1%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Aluminium; Tubes and Pipes in Egypt

In 2022, approx. 738 tons of aluminium; tubes and pipeses were imported into Egypt; with a decrease of -15.3% against the previous year. In general, imports continue to indicate a perceptible curtailment. The most prominent rate of growth was recorded in 2021 with an increase of 18%. As a result, imports reached the peak of 871 tons, and then contracted dramatically in the following year.

In value terms, aluminium; tubes and pipes imports rose to $5.3M in 2022. The total import value increased at an average annual rate of +7.7% from 2019 to 2022; the trend pattern indicated some noticeable fluctuations being recorded in certain years. The growth pace was the most rapid in 2021 with an increase of 34% against the previous year. Imports peaked in 2022 and are likely to see gradual growth in the near future.

Top Suppliers of Aluminium; Tubes and Pipes to Egypt in 2022:

1. China (246.2 tons)
2. Thailand (243.5 tons)
3. Turkey (71.7 tons)
4. Italy (61.6 tons)
5. United Arab Emirates (44.0 tons)
6. South Korea (29.5 tons)
7. Hong Kong SAR (11.6 tons)

Exports of Aluminium; Tubes and Pipes in Egypt

In 2022, approx. 89 tons of aluminium; tubes and pipeses were exported from Egypt; shrinking by -2.5% on 2021 figures. In general, exports continue to indicate a dramatic decrease.

In value terms, aluminium; tubes and pipes exports rose sharply to $651K in 2022. Overall, exports recorded a abrupt setback. The most prominent rate of growth was recorded in 2021 with an increase of 7.7%.

Top Export Markets for Aluminium; Tubes and Pipes from Egypt in 2022:

1. Tunisia (39.1 tons)
2. Nigeria (15.2 tons)
3. Lebanon (11.7 tons)
4. Sudan (8.6 tons)
5. Ghana (7.0 tons)
6. Palestine (6.3 tons)

Source: IndexBox Market Intelligence Platform