Price for Aluminium Waste and Scrap in Angola - 2022

Contents:

1. Price for Aluminium Waste and Scrap in Angola (FOB) - 2022
2. Price for Aluminium Waste and Scrap in Angola (CIF) - 2022
3. Exports of Aluminium Waste and Scrap in Angola
4. Imports of Aluminium Waste and Scrap in Angola

Price for Aluminium Waste and Scrap in Angola (FOB) - 2022

In 2022, the average aluminium waste and scrap export price amounted to $1,478 per ton, falling by -12.1% against the previous year. Overall, the export price showed a relatively flat trend pattern. The growth pace was the most rapid in 2020 when the average export price increased by 66% against the previous year. As a result, the export price reached the peak level of $2,106 per ton. From 2021 to 2022, the average export prices remained at a somewhat lower figure.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Malaysia ($2,358 per ton), while the average price for exports to Brazil ($503 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 Malaysia (+3.8%), while the prices for the other major destinations experienced mixed trend patterns.

Price for Aluminium Waste and Scrap in Angola (CIF) - 2022

In 2022, the average aluminium waste and scrap import price amounted to $1,324 per ton, which is down by -26.1% against the previous year. In general, the import price, however, continues to indicate a measured expansion. The most prominent rate of growth was recorded in 2018 an increase of 45%. The import price peaked at $1,792 per ton in 2021, and then shrank remarkably in the following year.

As there is only one major supplying country, the average price level is determined by prices for Democratic Republic of the Congo.

From 2012 to 2022, the rate of growth in terms of prices for Democratic Republic of the Congo amounted to -0.8% per year.

Exports of Aluminium Waste and Scrap in Angola

In 2022, exports of aluminium waste and scraps from Angola fell to 5.1K tons, with a decrease of -9% against the previous year. Overall, exports recorded a deep contraction. The most prominent rate of growth was recorded in 2021 with an increase of 109%.

In value terms, aluminium waste and scrap exports declined dramatically to $7.6M in 2022. In general, exports saw a deep setback. The pace of growth was the most pronounced in 2021 when exports increased by 67%.

Top Export Markets for Aluminium Waste and Scrap from Angola in 2022:

1. Malaysia (1304.4 tons)
2. South Korea (955.9 tons)
3. India (694.8 tons)
4. United Arab Emirates (681.5 tons)
5. Thailand (571.2 tons)
6. Philippines (408.7 tons)
7. Brazil (239.9 tons)

Imports of Aluminium Waste and Scrap in Angola

In 2022, the amount of aluminium waste and scraps imported into Angola skyrocketed to 31 tons, increasing by 86% compared with the previous year. Over the period under review, imports, however, showed a pronounced reduction.

In value terms, aluminium waste and scrap imports surged to $41K in 2022. Overall, total imports indicated prominent growth from 2019 to 2022: its value increased at an average annual rate of +6.0% over the last three years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports decreased by -21.5% against 2020 indices. The growth pace was the most rapid in 2020 when imports increased by 52% against the previous year. As a result, imports attained the peak of $53K. From 2021 to 2022, the growth of imports remained at a lower figure.

Top Suppliers of Aluminium Waste and Scrap to Angola in 2022:

1. Democratic Republic of the Congo (31.1 tons)

Source: IndexBox Market Intelligence Platform