Price for Aluminium; Tubes and Pipes in the United States - 2023
Contents:
- Price for Aluminium; Tubes and Pipes in the United States (FOB) - 2023
- Price for Aluminium; Tubes and Pipes in the United States (CIF) - 2023
- Exports of Aluminium; Tubes and Pipes in the United States
- Imports of Aluminium; Tubes and Pipes in the United States
Price for Aluminium; Tubes and Pipes in the United States (FOB) - 2023
In August 2023, the average aluminium; tubes and pipes export price amounted to $7,571 per ton, which is down by -4.8% against the previous month. Overall, the export price, however, continues to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in June 2023 when the average export price increased by 13% against the previous month. As a result, the export price reached the peak level of $8,247 per ton. From July 2023 to August 2023, the the average export prices remained at a lower figure.
Average prices varied noticeably for the major export markets. In August 2023, the country with the highest price was Canada ($7,794 per ton), while the average price for exports to Mexico amounted to $7,215 per ton.
From August 2022 to August 2023, the most notable rate of growth in terms of prices was recorded for supplies to Canada (+1.3%).
Price for Aluminium; Tubes and Pipes in the United States (CIF) - 2023
In August 2023, the average aluminium; tubes and pipes import price amounted to $7,210 per ton, with an increase of 9.2% against the previous month. Overall, the import price, however, saw a relatively flat trend pattern. The import price peaked at $8,023 per ton in January 2023; however, from February 2023 to August 2023, import prices remained at a lower figure.
There were significant differences in the average prices amongst the major supplying countries. In August 2023, the country with the highest price was Germany ($15,824 per ton), while the price for Indonesia ($3,716 per ton) was amongst the lowest.
From August 2022 to August 2023, the most notable rate of growth in terms of prices was attained by South Africa (+3.9%), while the prices for the other major suppliers experienced more modest paces of growth.
Exports of Aluminium; Tubes and Pipes in the United States
Aluminium; tubes and pipes exports from the United States contracted to 47K tons in 2022, reducing by -7.1% against the year before. Over the period under review, exports showed a perceptible contraction. The most prominent rate of growth was recorded in 2021 when exports increased by 4.4%.
In value terms, aluminium; tubes and pipes exports rose significantly to $347M in 2022. The total export value increased at an average annual rate of +3.7% over the period from 2019 to 2022; the trend pattern remained relatively stable, with only minor fluctuations being recorded throughout the analyzed period. The most prominent rate of growth was recorded in 2021 with an increase of 16%. The exports peaked in 2022 and are likely to see gradual growth in the near future.
| Export of Aluminium; Tubes and Pipes in the United States (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Mexico | 209 | 171 | 201 | 233 | 3.7% |
| Canada | 61.5 | 51.0 | 65.9 | 72.3 | 5.5% |
| France | 4.5 | 5.9 | 6.4 | 5.3 | 5.6% |
| Others | 36.2 | 34.7 | 31.5 | 36.4 | 0.2% |
| Total | 311 | 263 | 305 | 347 | 3.7% |
Top Export Markets for Aluminium; Tubes and Pipes from the United States in 2022:
- Mexico (33.2K tons)
- Canada (9.6K tons)
- France (0.7K tons)
Imports of Aluminium; Tubes and Pipes in the United States
In 2022, imports of aluminium; tubes and pipeses into the United States skyrocketed to 33K tons, growing by 20% compared with 2021 figures. In general, total imports indicated a strong expansion from 2019 to 2022: its volume increased at an average annual rate of +18.0% over the last three years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +77.1% against 2020 indices. The pace of growth appeared the most rapid in 2021 with an increase of 48%. Over the period under review, imports attained the maximum in 2022 and are likely to see gradual growth in years to come.
In value terms, aluminium; tubes and pipes imports surged to $234M in 2022. Overall, imports enjoyed a significant expansion. As a result, imports reached the peak and are likely to continue growth in the immediate term.
| Import of Aluminium; Tubes and Pipes in the United States (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Mexico | 41.7 | 32.9 | 61.1 | 87.0 | 27.8% |
| Germany | 24.2 | 18.6 | 15.2 | 30.2 | 7.7% |
| Canada | 12.5 | 10.7 | 12.5 | 15.3 | 7.0% |
| Turkey | 1.0 | 5.5 | 10.4 | 14.9 | 146.1% |
| Taiwan (Chinese) | 7.8 | 7.0 | 8.1 | 12.3 | 16.4% |
| Japan | 11.6 | 8.2 | 8.5 | 10.4 | -3.6% |
| China | 6.2 | 6.4 | 12.3 | 10.3 | 18.4% |
| Italy | 3.9 | 4.3 | 5.3 | 9.7 | 35.5% |
| South Korea | 4.0 | 4.8 | 5.4 | 5.3 | 9.8% |
| Vietnam | 2.3 | 0.8 | 1.2 | 4.7 | 26.9% |
| Belgium | 2.0 | 1.5 | 2.8 | 4.5 | 31.0% |
| Dominican Republic | N/A | N/A | 3.3 | 3.8 | 15.2% |
| Malaysia | 2.7 | 1.2 | 0.8 | 3.2 | 5.8% |
| Others | 12.8 | 11.9 | 14.1 | 21.9 | 19.6% |
| Total | 133 | 114 | 161 | 234 | 20.7% |
Top Suppliers of Aluminium; Tubes and Pipes to the United States in 2022:
- Mexico (14.4K tons)
- Turkey (3.0K tons)
- Canada (2.2K tons)
- Germany (2.1K tons)
- Taiwan (Chinese) (1.3K tons)
- China (1.2K tons)
- Japan (1.0K tons)
- Italy (0.9K tons)
- Dominican Republic (0.9K tons)
- Vietnam (0.8K tons)
- Belgium (0.8K tons)
- Malaysia (0.7K tons)
- South Korea (0.7K tons)
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