Price for Aluminium; Alloys, Wire, Maximum Cross-Sectional Dimension Is 7mm or Less in Australia - 2023

Contents:

1. Price for Aluminium; Alloys, Wire, Maximum Cross-Sectional Dimension Is 7mm or Less in Australia (CIF) - 2023
2. Price for Aluminium; Alloys, Wire, Maximum Cross-Sectional Dimension Is 7mm or Less in Australia (FOB) - 2022
3. Imports of Aluminium; Alloys, Wire, Maximum Cross-Sectional Dimension Is 7mm or Less in Australia
4. Exports of Aluminium; Alloys, Wire, Maximum Cross-Sectional Dimension Is 7mm or Less in Australia

Price for Aluminium; Alloys, Wire, Maximum Cross-Sectional Dimension Is 7mm or Less in Australia (CIF) - 2023

The average import price for aluminium; alloys, wire, maximum cross-sectional dimension is 7mm or lesses stood at $7,283 per ton in November 2023, dropping by -6.8% against the previous month. Overall, the import price showed a relatively flat trend pattern. The pace of growth appeared the most rapid in October 2023 when the average import price increased by 220% against the previous month. Over the period under review, average import prices attained the maximum at $7,960 per ton in January 2023; however, from February 2023 to November 2023, import prices failed to regain momentum.

There were significant differences in the average prices amongst the major supplying countries. In November 2023, the country with the highest price was Italy ($8,328 per ton), while the price for China ($4,999 per ton) was amongst the lowest.

From December 2022 to November 2023, the most notable rate of growth in terms of prices was attained by South Korea (+2.6%), while the prices for the other major suppliers experienced mixed trend patterns.

Price for Aluminium; Alloys, Wire, Maximum Cross-Sectional Dimension Is 7mm or Less in Australia (FOB) - 2022

The average export price for aluminium; alloys, wire, maximum cross-sectional dimension is 7mm or lesses stood at $16,558 per ton in 2022, jumping by 112% against the previous year. Overall, the export price posted moderate growth. As a result, the export price reached the peak level and is likely to continue 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 Singapore ($20,067 per ton), while the average price for exports to Malaysia ($9,692 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 Malaysia (+57.0%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Aluminium; Alloys, Wire, Maximum Cross-Sectional Dimension Is 7mm or Less in Australia

In 2022, supplies from abroad of aluminium; alloys, wire, maximum cross-sectional dimension is 7mm or lesses decreased by -3.2% to 751 tons for the first time since 2018, thus ending a three-year rising trend. The total import volume increased at an average annual rate of +7.1% from 2019 to 2022; the trend pattern remained consistent, with somewhat noticeable fluctuations being recorded in certain years. The most prominent rate of growth was recorded in 2020 with an increase of 20%.

In value terms, imports of aluminium; alloys, wire, maximum cross-sectional dimension is 7mm or lesses expanded remarkably to $5.9M in 2022. In general, total imports indicated prominent growth from 2019 to 2022: its value increased at an average annual rate of +15.8% 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 +55.5% against 2019 indices. The pace of growth appeared the most rapid in 2020 when imports increased by 27%. Over the period under review, imports of reached the maximum in 2022 and are expected to retain growth in years to come.

Top Suppliers of Aluminium; Alloys, Wire, Maximum Cross-Sectional Dimension Is 7mm or Less to Australia in 2022:

1. Italy (370.5 tons)
2. China (252.5 tons)
3. United States (94.7 tons)
4. Canada (23.5 tons)

Exports of Aluminium; Alloys, Wire, Maximum Cross-Sectional Dimension Is 7mm or Less in Australia

In 2022, the amount of aluminium; alloys, wire, maximum cross-sectional dimension is 7mm or lesses exported from Australia skyrocketed to 17 tons, rising by 165% compared with 2021 figures. In general, exports, however, continue to indicate a precipitous setback.

In value terms, exports of aluminium; alloys, wire, maximum cross-sectional dimension is 7mm or lesses surged to $289K in 2022. Overall, exports, however, recorded a abrupt curtailment.

Top Export Markets for Aluminium; Alloys, Wire, Maximum Cross-Sectional Dimension Is 7mm or Less from Australia in 2022:

1. United States (7.5 tons)
2. Singapore (3.9 tons)
3. Malaysia (3.5 tons)
4. New Zealand (2.4 tons)

Source: IndexBox Market Intelligence Platform