ASEAN: Aluminium Alloy Wire Market 2024

Aluminium Alloy Wire Market Size in ASEAN

The ASEAN aluminium alloy wire market shrank to $X in 2022, reducing by X% against the previous year. In general, consumption continues to indicate a abrupt contraction. Over the period under review, the market hit record highs at $X in 2012; however, from 2013 to 2022, consumption failed to regain momentum.

Aluminium Alloy Wire Production in ASEAN

In value terms, aluminium alloy wire production shrank slightly to $X in 2022 estimated in export price. In general, production recorded a deep downturn. The growth pace was the most rapid in 2021 when the production volume increased by X%. Over the period under review, production hit record highs at $X in 2012; however, from 2013 to 2022, production remained at a lower figure.

Aluminium Alloy Wire Exports

Exports in ASEAN

In 2022, after three years of growth, there was significant decline in overseas shipments of aluminium alloy wire, when their volume decreased by X% to X tons. In general, exports, however, posted resilient growth. The growth pace was the most rapid in 2016 with an increase of X% against the previous year. Over the period under review, the exports attained the maximum at X tons in 2021, and then fell significantly in the following year.

In value terms, aluminium alloy wire exports declined markedly to $X in 2022. Overall, exports, however, posted a resilient expansion. The pace of growth was the most pronounced in 2021 with an increase of X% against the previous year. As a result, the exports attained the peak of $X, and then declined sharply in the following year.

Exports by Country

Malaysia was the largest exporter of aluminium alloy wire in ASEAN, with the volume of exports finishing at X tons, which was near X% of total exports in 2022. Vietnam (X tons) took a X% share (based on physical terms) of total exports, which put it in second place, followed by Thailand (X%).

From 2012 to 2022, average annual rates of growth with regard to aluminium alloy wire exports from Malaysia stood at X%. At the same time, Thailand (X%) and Vietnam (X%) displayed positive paces of growth. Moreover, Thailand emerged as the fastest-growing exporter exported in ASEAN, with a CAGR of X% from 2012-2022. From 2012 to 2022, the share of Malaysia and Thailand increased by X and X percentage points, respectively.

In value terms, Malaysia ($X) remains the largest aluminium alloy wire supplier in ASEAN, comprising X% of total exports. The second position in the ranking was taken by Vietnam ($X), with a X% share of total exports.

From 2012 to 2022, the average annual rate of growth in terms of value in Malaysia totaled X%. In the other countries, the average annual rates were as follows: Vietnam (X% per year) and Thailand (X% per year).

Export Prices by Country

The export price in ASEAN stood at $X per ton in 2022, falling by X% against the previous year. Over the period under review, the export price saw a relatively flat trend pattern. The most prominent rate of growth was recorded in 2017 when the export price increased by X%. Over the period under review, the export prices reached the peak figure at $X per ton in 2018; however, from 2019 to 2022, the export prices stood at a somewhat lower figure.

Prices varied noticeably by country of origin: amid the top suppliers, the country with the highest price was Thailand ($X per ton), while Malaysia ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Vietnam (X%), while the other leaders experienced a decline in the export price figures.

Aluminium Alloy Wire Imports

Imports in ASEAN

After two years of growth, supplies from abroad of aluminium alloy wire decreased by X% to X tons in 2022. Overall, imports, however, posted a prominent expansion. The growth pace was the most rapid in 2020 with an increase of X% against the previous year. Over the period under review, imports attained the maximum at X tons in 2021, and then shrank sharply in the following year.

In value terms, aluminium alloy wire imports dropped to $X in 2022. In general, imports, however, showed a buoyant expansion. The most prominent rate of growth was recorded in 2021 when imports increased by X% against the previous year. As a result, imports attained the peak of $X, and then shrank in the following year.

Imports by Country

Cambodia (X tons) and Malaysia (X tons) represented the main importers of aluminium alloy wire in 2022, amounting to near X% and X% of total imports, respectively. Vietnam (X tons) ranks next in terms of the total imports with a X% share, followed by Thailand (X%) and Indonesia (X%).

From 2012 to 2022, the most notable rate of growth in terms of purchases, amongst the leading importing countries, was attained by Cambodia (with a CAGR of X%), while imports for the other leaders experienced more modest paces of growth.

In value terms, the largest aluminium alloy wire importing markets in ASEAN were Cambodia ($X), Malaysia ($X) and Vietnam ($X), together comprising X% of total imports.

Among the main importing countries, Cambodia, with a CAGR of X%, recorded the highest rates of growth with regard to the value of imports, over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

The import price in ASEAN stood at $X per ton in 2022, growing by X% against the previous year. Over the period under review, the import price, however, showed a relatively flat trend pattern. The most prominent rate of growth was recorded in 2018 an increase of X%. As a result, import price reached the peak level of $X per ton. From 2019 to 2022, the import prices failed to regain momentum.

There were significant differences in the average prices amongst the major importing countries. In 2022, amid the top importers, the country with the highest price was Thailand ($X per ton), while Cambodia ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Thailand (X%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform

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