United Kingdom: Aluminium Alloy Wire Market 2024

Aluminium Alloy Wire Market Size in the UK

The UK aluminium alloy wire market contracted slightly to $X in 2022, reducing by X% against the previous year. Overall, consumption showed a pronounced decrease. As a result, consumption reached the peak level of $X. From 2015 to 2022, the growth of the market remained at a somewhat lower figure.

Aluminium Alloy Wire Production in the UK

In value terms, aluminium alloy wire production fell to $X in 2022 estimated in export price. Overall, production showed a mild shrinkage. The pace of growth was the most pronounced in 2014 with an increase of X% against the previous year. As a result, production attained the peak level of $X. From 2015 to 2022, production growth remained at a lower figure.

Aluminium Alloy Wire Exports

Exports from the UK

In 2022, shipments abroad of aluminium alloy wire decreased by X% to X tons, falling for the third year in a row after two years of growth. In general, exports continue to indicate a perceptible slump. The most prominent rate of growth was recorded in 2013 when exports increased by X% against the previous year. As a result, the exports attained the peak of X tons. From 2014 to 2022, the growth of the exports failed to regain momentum.

In value terms, aluminium alloy wire exports rose remarkably to $X in 2022. Over the period under review, exports, however, saw a relatively flat trend pattern. The pace of growth was the most pronounced in 2018 with an increase of X% against the previous year. As a result, the exports attained the peak of $X. From 2019 to 2022, the growth of the exports remained at a somewhat lower figure.

Exports by Country

China (X tons), Japan (X tons) and Austria (X tons) were the main destinations of aluminium alloy wire exports from the UK, with a combined X% share of total exports. Turkey, South Korea, Thailand, France, the Netherlands, Norway, Greece, India, Germany and Italy lagged somewhat behind, together accounting for a further X%.

From 2012 to 2022, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by the Netherlands (with a CAGR of X%), while the other leaders experienced more modest paces of growth.

In value terms, China ($X), Austria ($X) and Japan ($X) appeared to be the largest markets for aluminium alloy wire exported from the UK worldwide, together comprising X% of total exports. Turkey, Thailand, South Korea, France, the Netherlands, Norway, Greece, Germany, India and Italy lagged somewhat behind, together comprising a further X%.

The Netherlands, with a CAGR of X%, saw the highest growth rate of the value of exports, among the main countries of destination over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

In 2022, the average aluminium alloy wire export price amounted to $X per ton, increasing by X% against the previous year. Over the last decade, it increased at an average annual rate of X%. The pace of growth was the most pronounced in 2021 when the average export price increased by X%. Over the period under review, the average export prices hit record highs in 2022 and is likely to see gradual growth in years to come.

Average prices varied somewhat for the major foreign markets. In 2022, amid the top suppliers, the countries with the highest prices were Greece ($X per ton) and Germany ($X per ton), while the average price for exports to South Korea ($X per ton) and Italy ($X per ton) were amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Greece (X%), while the prices for the other major destinations experienced more modest paces of growth.

Aluminium Alloy Wire Imports

Imports into the UK

After two years of decline, purchases abroad of aluminium alloy wire increased by X% to X tons in 2022. Overall, imports, however, saw a deep setback. Over the period under review, imports attained the peak figure at X tons in 2012; however, from 2013 to 2022, imports stood at a somewhat lower figure.

In value terms, aluminium alloy wire imports soared to $X in 2022. Over the period under review, imports, however, saw a abrupt setback. Imports peaked at $X in 2012; however, from 2013 to 2022, imports remained at a lower figure.

Imports by Country

Germany (X tons), the Netherlands (X tons) and China (X tons) were the main suppliers of aluminium alloy wire imports to the UK, together comprising X% of total imports. The Czech Republic, the United States, Italy, Canada, France, Spain, India, Finland, Bahrain and Switzerland lagged somewhat behind, together accounting for a further X%.

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

In value terms, Germany ($X), the Netherlands ($X) and China ($X) were the largest aluminium alloy wire suppliers to the UK, with a combined X% share of total imports. The United States, the Czech Republic, Italy, France, Canada, Finland, Spain, Switzerland, India and Bahrain lagged somewhat behind, together comprising a further X%.

The Czech Republic, with a CAGR of X%, recorded the highest growth rate of the value of imports, in terms of the main suppliers over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

In 2022, the average aluminium alloy wire import price amounted to $X per ton, picking up by X% against the previous year. Over the period under review, import price indicated a prominent expansion from 2012 to 2022: its price increased at an average annual rate of X% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, aluminium alloy wire import price increased by X% against 2019 indices. The pace of growth appeared the most rapid in 2014 an increase of X% against the previous year. The import price peaked at $X per ton in 2018; however, from 2019 to 2022, import prices stood at a somewhat lower figure.

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

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

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :