Price for Aluminium Waste and Scrap in the UK - 2023
Contents:
- Price for Aluminium Waste and Scrap in the UK (FOB) - 2023
- Price for Aluminium Waste and Scrap in the UK (CIF) - 2023
- Exports of Aluminium Waste and Scrap in the UK
- Imports of Aluminium Waste and Scrap in the UK
Price for Aluminium Waste and Scrap in the UK (FOB) - 2023
In May 2023, the average aluminium waste and scrap export price amounted to $1,817 per ton, with a decrease of -14.8% against the previous month. Overall, the export price showed a slight reduction. The most prominent rate of growth was recorded in January 2023 an increase of 19% against the previous month. The export price peaked at $2,133 per ton in April 2023, and then shrank in the following month.
Prices varied noticeably by the country of destination: the country with the highest price was Poland ($2,204 per ton), while the average price for exports to Pakistan ($1,346 per ton) was amongst the lowest.
From May 2022 to May 2023, the most notable rate of growth in terms of prices was recorded for supplies to Thailand (+1.7%), while the prices for the other major destinations experienced more modest paces of growth.
Price for Aluminium Waste and Scrap in the UK (CIF) - 2023
In May 2023, the average aluminium waste and scrap import price amounted to $1,649 per ton, surging by 26% against the previous month. Over the period under review, the import price, however, showed a noticeable slump. The pace of growth appeared the most rapid in January 2023 an increase of 40% month-to-month. The import price peaked at $2,094 per ton in May 2022; however, from June 2022 to May 2023, import prices stood at a somewhat lower figure.
Prices varied noticeably by the country of origin: the country with the highest price was Australia ($2,629 per ton), while the price for Greece ($666 per ton) was amongst the lowest.
From May 2022 to May 2023, the most notable rate of growth in terms of prices was attained by Greece (+0.6%), while the prices for the other major suppliers experienced a decline.
Exports of Aluminium Waste and Scrap in the UK
Aluminium waste and scrap exports from the UK dropped to 499K tons in 2022, which is down by -11.4% against the previous year. The total export volume increased at an average annual rate of +2.7% over the period from 2019 to 2022; however, 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 33%. As a result, the exports reached the peak of 563K tons, and then declined in the following year.
In value terms, aluminium waste and scrap exports plummeted to $723M in 2022. In general, exports, however, continue to indicate resilient growth. The pace of growth appeared the most rapid in 2021 with an increase of 96% against the previous year. As a result, the exports reached the peak of $957M, and then reduced rapidly in the following year.
| Export of Aluminium Waste and Scrap in the UK (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| India | 162 | 136 | 304 | 224 | 11.4% |
| China | 163 | 90.0 | 97.8 | 84.7 | -19.6% |
| Hong Kong SAR | 11.8 | 15.4 | 86.0 | 63.4 | 75.1% |
| Germany | 56.9 | 39.2 | 56.5 | 41.7 | -9.8% |
| Thailand | 10.9 | 19.3 | 52.9 | 39.0 | 52.9% |
| South Korea | 22.6 | 35.3 | 51.5 | 38.0 | 18.9% |
| Switzerland | 15.3 | 8.5 | 45.4 | 33.5 | 29.9% |
| Indonesia | 10.8 | 10.0 | 38.0 | 28.0 | 37.4% |
| Malaysia | 14.4 | 17.2 | 33.9 | 25.0 | 20.2% |
| Pakistan | 11.2 | 6.6 | 21.1 | 15.6 | 11.7% |
| Turkey | 5.1 | 7.0 | 19.6 | 14.5 | 41.7% |
| Italy | 19.7 | 21.4 | 12.4 | 12.9 | -13.2% |
| Greece | 1.0 | 4.3 | 13.1 | 9.6 | 112.5% |
| Others | 86.7 | 78.0 | 124 | 92.4 | 2.1% |
| Total | 591 | 489 | 957 | 723 | 7.0% |
Top Export Markets for Aluminium Waste and Scrap from the UK in 2022:
- India (142.5K tons)
- China (67.8K tons)
- Hong Kong SAR (34.9K tons)
- Germany (27.4K tons)
- South Korea (24.8K tons)
- Thailand (24.5K tons)
- Switzerland (24.1K tons)
- Indonesia (20.7K tons)
- Malaysia (16.4K tons)
- Pakistan (15.4K tons)
- Italy (15.1K tons)
- Turkey (9.3K tons)
- Greece (9.3K tons)
Imports of Aluminium Waste and Scrap in the UK
In 2022, imports of aluminium waste and scraps into the UK rose modestly to 100K tons, picking up by 1.9% against 2021 figures. Overall, imports, however, showed a mild reduction. The most prominent rate of growth was recorded in 2021 with an increase of 9.1% against the previous year.
In value terms, aluminium waste and scrap imports shrank notably to $135M in 2022. In general, imports showed a relatively flat trend pattern. The pace of growth was the most pronounced in 2021 with an increase of 45% against the previous year. As a result, imports reached the peak of $160M, and then reduced sharply in the following year.
| Import of Aluminium Waste and Scrap in the UK (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Germany | 24.1 | 19.2 | 22.0 | 19.3 | -7.1% |
| Ireland | 16.2 | 16.9 | 21.0 | 18.5 | 4.5% |
| France | 13.2 | 10.0 | 15.5 | 13.6 | 1.0% |
| Finland | 18.4 | 16.9 | 14.5 | 13.5 | -9.8% |
| Australia | 4.2 | 5.3 | 13.2 | 11.6 | 40.3% |
| Spain | 8.6 | 7.8 | 11.2 | 9.8 | 4.5% |
| Greece | 9.9 | 3.2 | 9.9 | 8.7 | -4.2% |
| United States | 5.5 | 4.0 | 7.5 | 6.6 | 6.3% |
| United Arab Emirates | 1.3 | 1.8 | 7.0 | 6.1 | 67.4% |
| Iceland | 4.2 | 3.6 | 5.4 | 4.7 | 3.8% |
| Poland | 6.2 | 4.4 | 5.0 | 4.4 | -10.8% |
| Malta | 1.5 | 0.7 | 2.2 | 1.9 | 8.2% |
| Others | 18.4 | 16.4 | 25.8 | 16.2 | -4.2% |
| Total | 132 | 110 | 160 | 135 | 0.8% |
Top Suppliers of Aluminium Waste and Scrap to the UK in 2022:
- Ireland (19.3K tons)
- Germany (13.0K tons)
- Finland (10.2K tons)
- Greece (9.9K tons)
- France (9.3K tons)
- Spain (7.3K tons)
- Australia (5.4K tons)
- Iceland (4.0K tons)
- Poland (3.5K tons)
- United States (3.0K tons)
- United Arab Emirates (2.7K tons)
- Malta (1.9K tons)
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