Price for Aluminium Waste and Scrap in the United Arab Emirates - 2021

Contents:

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

Price for Aluminium Waste and Scrap in the United Arab Emirates (FOB) - 2022

In 2022, the average aluminium waste and scrap export price amounted to $1,867 per ton, shrinking by -11.9% against the previous year. In general, the export price, however, showed a relatively flat trend pattern. The pace of growth appeared the most rapid in 2021 when the average export price increased by 40% against the previous year. As a result, the export price attained the peak level of $2,119 per ton, and then fell in the following year.

Average prices varied noticeably for the major overseas markets. In 2022, amid the top suppliers, the country with the highest price was Brazil ($2,038 per ton), while the average price for exports to Turkey ($1,822 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 Pakistan (+4.9%), while the prices for the other major destinations experienced more modest paces of growth.

Price for Aluminium Waste and Scrap in the United Arab Emirates (CIF) - 2022

In 2022, the average aluminium waste and scrap import price amounted to $913 per ton, flattening at the previous year. Over the last decade, it increased at an average annual rate of +1.1%. The pace of growth was the most pronounced in 2014 an increase of 46%. The import price peaked at $1,009 per ton in 2015; however, from 2016 to 2022, import prices stood at a somewhat lower figure.

As there is only one major supplying country, the average price level is determined by prices for New Zealand.

From 2012 to 2022, the rate of growth in terms of prices for Ghana amounted to +24.5% per year.

Exports of Aluminium Waste and Scrap in the United Arab Emirates

Aluminium waste and scrap exports from the United Arab Emirates contracted to 228K tons in 2022, dropping by -14.5% on the previous year. The total export volume increased at an average annual rate of +1.7% 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 when exports increased by 41% against the previous year. As a result, the exports reached the peak of 267K tons, and then reduced in the following year.

In value terms, aluminium waste and scrap exports dropped markedly to $427M in 2022. Over the period under review, exports, however, showed a strong expansion. The growth pace was the most rapid in 2021 with an increase of 97%. As a result, the exports reached the peak of $566M, and then shrank rapidly in the following year.

Top Export Markets for Aluminium Waste and Scrap from the United Arab Emirates in 2022:

1. Turkey (166.4K tons)
2. Japan (33.5K tons)
3. Brazil (28.6K tons)

Imports of Aluminium Waste and Scrap in the United Arab Emirates

In 2022, overseas purchases of aluminium waste and scraps decreased by -27% to 48K tons for the first time since 2018, thus ending a three-year rising trend. Overall, imports, however, posted a significant expansion. The most prominent rate of growth was recorded in 2021 when imports increased by 119% against the previous year. As a result, imports attained the peak of 66K tons, and then contracted significantly in the following year.

In value terms, aluminium waste and scrap imports shrank dramatically to $44M in 2022. In general, imports, however, enjoyed significant growth. The pace of growth appeared the most rapid in 2021 when imports increased by 125%. As a result, imports attained the peak of $61M, and then declined rapidly in the following year.

Top Suppliers of Aluminium Waste and Scrap to the United Arab Emirates in 2022:

1. New Zealand (48.5K tons)

Source: IndexBox Market Intelligence Platform