Price for Aluminium; Alloys, Wire, Maximum Cross-Sectional Dimension Exceeding 7mm in Ethiopia - 2022
Contents:
- Price for Aluminium; Alloys, Wire, Maximum Cross-Sectional Dimension Exceeding 7mm in Ethiopia (CIF) - 2022
- Imports of Aluminium; Alloys, Wire, Maximum Cross-Sectional Dimension Exceeding 7mm in Ethiopia
Price for Aluminium; Alloys, Wire, Maximum Cross-Sectional Dimension Exceeding 7mm in Ethiopia (CIF) - 2022
The average import price for aluminium; alloys, wire, maximum cross-sectional dimension exceeding 7mms stood at $1,464 per ton in 2022, reducing by -14.9% against the previous year. In general, the import price recorded a drastic downturn. The most prominent rate of growth was recorded in 2019 when the average import price increased by 20% against the previous year. Over the period under review, average import prices reached the peak figure at $3,980 per ton in 2012; however, from 2013 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 China ($3,530 per ton), while the price for India stood at $1,384 per ton.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by China (+4.5%), while the prices for the other major suppliers experienced a decline.
Imports of Aluminium; Alloys, Wire, Maximum Cross-Sectional Dimension Exceeding 7mm in Ethiopia
In 2022, purchases abroad of aluminium; alloys, wire, maximum cross-sectional dimension exceeding 7mms was finally on the rise to reach 87 tons for the first time since 2019, thus ending a two-year declining trend. In general, imports, however, recorded a sharp shrinkage.
In value terms, imports of aluminium; alloys, wire, maximum cross-sectional dimension exceeding 7mms soared to $127K in 2022. Overall, imports, however, showed a sharp contraction.
| Import of Aluminium; Alloys, Wire, Maximum Cross-Sectional Dimension Exceeding 7mm in Ethiopia (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| India | 234 | 42.6 | N/A | 116 | -20.9% |
| China | 43.4 | 14.8 | N/A | 11.4 | -36.0% |
| United Arab Emirates | 3,011 | 3,368 | 1.2 | N/A | -98.0% |
| Bahrain | 613 | 238 | 0.2 | N/A | -98.2% |
| Others | 42.9 | 3.9 | N/A | N/A | -90.9% |
| Total | 3,945 | 3,668 | 1.4 | 127 | -68.2% |
Top Suppliers of Aluminium; Alloys, Wire, Maximum Cross-Sectional Dimension Exceeding 7mm to Ethiopia in 2022:
- India (83.8 tons)
- China (3.2 tons)
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