Aluminium Wire Price in Switzerland - 2023

Contents:

1. Aluminium Wire Price in Switzerland (CIF) - 2022
2. Aluminium Wire Price in Switzerland (FOB) - 2022
3. Aluminium Wire Imports in Switzerland
4. Aluminium Wire Exports in Switzerland

Aluminium Wire Price in Switzerland (CIF) - 2022

In 2022, the average aluminium wire import price amounted to $4,734 per ton, surging by 19% against the previous year. Over the period from 2012 to 2022, it increased at an average annual rate of +2.7%. The growth pace was the most rapid in 2021 an increase of 21%. The import price peaked in 2022 and is expected to retain growth in years to come.

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 Canada ($11,122 per ton), while the price for the Netherlands ($3,276 per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Canada (+12.1%), while the prices for the other major suppliers experienced more modest paces of growth.

Aluminium Wire Price in Switzerland (FOB) - 2022

In 2022, the average aluminium wire export price amounted to $6,082 per ton, growing by 12% against the previous year. Over the period from 2012 to 2022, it increased at an average annual rate of +1.3%. The pace of growth appeared the most rapid in 2021 an increase of 16%. Over the period under review, the average export prices hit record highs in 2022 and is expected to retain growth in the immediate term.

There were significant differences in the average prices for the major foreign markets. In 2022, amid the top suppliers, the country with the highest price was France ($11,825 per ton), while the average price for exports to the Netherlands ($4,116 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 France (+7.2%), while the prices for the other major destinations experienced more modest paces of growth.

Aluminium Wire Imports in Switzerland

Aluminium wire imports into Switzerland declined dramatically to 4K tons in 2022, with a decrease of -32.1% compared with 2021 figures. In general, imports saw a deep reduction. The most prominent rate of growth was recorded in 2021 when imports increased by 31%. As a result, imports reached the peak of 5.9K tons, and then reduced dramatically in the following year.

In value terms, aluminium wire imports shrank dramatically to $19M in 2022. Over the period under review, total imports indicated a tangible increase from 2019 to 2022: its value increased at an average annual rate of +2.2% over the last three-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +27.8% against 2020 indices. The most prominent rate of growth was recorded in 2021 with an increase of 59% against the previous year. As a result, imports attained the peak of $24M, and then shrank significantly in the following year.

Top Suppliers of Aluminium Wire to Switzerland in 2022:

1. Spain (undefined tons)
2. Iceland (1392.0 tons)
3. Hungary (1065.8 tons)
4. United States (489.6 tons)
5. France (376.5 tons)
6. Germany (207.0 tons)
7. Poland (205.3 tons)
8. China (108.4 tons)
9. Netherlands (24.2 tons)

Aluminium Wire Exports in Switzerland

In 2022, approx. 1.4K tons of aluminium wires were exported from Switzerland; dropping by -34.6% on 2021 figures. Over the period under review, exports faced a abrupt decrease. The most prominent rate of growth was recorded in 2021 with an increase of 26% against the previous year. As a result, the exports reached the peak of 2.1K tons, and then dropped notably in the following year.

In value terms, aluminium wire exports shrank significantly to $8.3M in 2022. In general, exports saw a perceptible setback. The growth pace was the most rapid in 2021 when exports increased by 46%. As a result, the exports reached the peak of $11M, and then dropped markedly in the following year.

Top Export Markets for Aluminium Wire from Switzerland in 2022:

1. Italy (604.7 tons)
2. Finland (260.6 tons)
3. Singapore (70.5 tons)
4. Turkey (57.7 tons)
5. Brazil (42.6 tons)
6. China (41.0 tons)
7. South Africa (35.6 tons)
8. Poland (33.7 tons)
9. Netherlands (30.2 tons)
10. Czech Republic (24.7 tons)
11. South Korea (22.5 tons)
12. France (22.3 tons)
13. Germany (0.6 tons)

Source: IndexBox Market Intelligence Platform