Price for Aluminium; Alloys, Bars, Rods and Profiles, Other than Hollow in Venezuela - 2022
Contents:
- Price for Aluminium; Alloys, Bars, Rods and Profiles, Other than Hollow in Venezuela (CIF) - 2022
- Price for Aluminium; Alloys, Bars, Rods and Profiles, Other than Hollow in Venezuela (FOB) - 2022
- Imports of Aluminium; Alloys, Bars, Rods and Profiles, Other than Hollow in Venezuela
- Exports of Aluminium; Alloys, Bars, Rods and Profiles, Other than Hollow in Venezuela
Price for Aluminium; Alloys, Bars, Rods and Profiles, Other than Hollow in Venezuela (CIF) - 2022
In 2022, the average import price for aluminium; alloys, bars, rods and profiles, other than hollows amounted to $6,935 per ton, surging by 14% against the previous year. Over the last decade, it increased at an average annual rate of +2.8%. The pace of growth was the most pronounced in 2017 when the average import price increased by 19% against the previous year. The import price peaked in 2022 and is expected to retain growth in years to come.
Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Greece ($14,376 per ton), while the price for the Dominican Republic ($1,875 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Spain (+6.3%), while the prices for the other major suppliers experienced more modest paces of growth.
Price for Aluminium; Alloys, Bars, Rods and Profiles, Other than Hollow in Venezuela (FOB) - 2022
In 2022, the average export price for aluminium; alloys, bars, rods and profiles, other than hollows amounted to $2,691 per ton, rising by 3.2% against the previous year. Overall, the export price continues to indicate a relatively flat trend pattern. The growth pace was the most rapid in 2015 when the average export price increased by 39% against the previous year. As a result, the export price attained the peak level of $3,829 per ton. From 2016 to 2022, the average export prices failed to regain momentum.
There were significant differences in the average prices for the major export markets. In 2022, amid the top suppliers, the country with the highest price was Iceland ($8,824 per ton), while the average price for exports to Aruba ($549 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 Iceland (+12.9%), while the prices for the other major destinations experienced more modest paces of growth.
Imports of Aluminium; Alloys, Bars, Rods and Profiles, Other than Hollow in Venezuela
In 2022, the amount of aluminium; alloys, bars, rods and profiles, other than hollows imported into Venezuela fell to 81 tons, which is down by -8.5% against the previous year. In general, imports continue to indicate a precipitous setback.
In value terms, imports of aluminium; alloys, bars, rods and profiles, other than hollows rose slightly to $563K in 2022. Overall, imports faced a dramatic decrease.
| Import of Aluminium; Alloys, Bars, Rods and Profiles, Other than Hollow in Venezuela (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| India | 483 | 334 | 322 | 320 | -12.8% |
| Greece | 418 | 59.5 | 15.8 | 70.9 | -44.6% |
| Uruguay | 244 | 118 | 79.6 | 55.4 | -39.0% |
| Spain | 37.9 | 7.2 | 21.6 | 42.3 | 3.7% |
| China | 24.4 | 22.3 | 59.4 | 39.0 | 16.9% |
| Japan | 13.0 | 7.5 | 6.0 | 4.9 | -27.8% |
| Dominican Republic | 10.1 | 10.6 | 2.0 | 2.3 | -38.9% |
| Turkey | 17.1 | 6.1 | 1.9 | 0.4 | -71.4% |
| Others | 53.6 | 24.9 | 31.1 | 27.5 | -19.9% |
| Total | 1,301 | 590 | 539 | 563 | -24.4% |
Top Suppliers of Aluminium; Alloys, Bars, Rods and Profiles, Other than Hollow to Venezuela in 2022:
- India (48.6 tons)
- China (9.4 tons)
- Uruguay (5.7 tons)
- Greece (4.9 tons)
- Spain (4.7 tons)
- Japan (1.6 tons)
- Dominican Republic (1.2 tons)
- Turkey (0.1 tons)
Exports of Aluminium; Alloys, Bars, Rods and Profiles, Other than Hollow in Venezuela
In 2022, the amount of aluminium; alloys, bars, rods and profiles, other than hollows exported from Venezuela fell dramatically to 28 tons, which is down by -39.3% against the previous year's figure. In general, exports recorded a sharp shrinkage. The smallest decline of -39.3% was in 2020.
In value terms, exports of aluminium; alloys, bars, rods and profiles, other than hollows shrank rapidly to $75K in 2022. Over the period under review, exports showed a significant contraction.
| Export of Aluminium; Alloys, Bars, Rods and Profiles, Other than Hollow in Venezuela (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Colombia | 136 | 108 | 67.0 | 41.1 | -32.9% |
| United States | 52.5 | 39.1 | 22.7 | 13.1 | -37.0% |
| Iceland | 29.4 | 24.0 | 15.2 | 9.6 | -31.1% |
| Aruba | 16.0 | 14.9 | 10.8 | 7.8 | -21.3% |
| Brazil | 3.2 | 3.7 | 3.3 | 3.0 | -2.1% |
| Thailand | 66.4 | N/A | N/A | N/A | 0% |
| Others | N/A | N/A | N/A | N/A | 0% |
| Total | 304 | 190 | 119 | 74.6 | -37.4% |
Top Export Markets for Aluminium; Alloys, Bars, Rods and Profiles, Other than Hollow from Venezuela in 2022:
- Aruba (14.2 tons)
- Colombia (7.5 tons)
- United States (3.7 tons)
- Brazil (1.2 tons)
- Iceland (1.1 tons)
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