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

Contents:

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

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

The average export price for aluminium; alloys, wire, maximum cross-sectional dimension is 7mm or lesses stood at $5,640 per ton in October 2023, growing by 10% against the previous month. In general, the export price recorded a mild expansion. The export price peaked at $5,768 per ton in May 2023; however, from June 2023 to October 2023, the export prices failed to regain momentum.

Prices varied noticeably by the country of destination: the country with the highest price was Poland ($7,806 per ton), while the average price for exports to Germany ($4,182 per ton) was amongst the lowest.

From October 2022 to October 2023, the most notable rate of growth in terms of prices was recorded for supplies to Saudi Arabia (+4.6%), while the prices for the other major destinations experienced more modest paces of growth.

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

In October 2023, the average import price for aluminium; alloys, wire, maximum cross-sectional dimension is 7mm or lesses amounted to $6,450 per ton, dropping by -8.7% against the previous month. In general, the import price showed a relatively flat trend pattern. The most prominent rate of growth was recorded in July 2023 when the average import price increased by 47% month-to-month. As a result, import price attained the peak level of $9,160 per ton. From August 2023 to October 2023, the average import prices remained at a lower figure.

There were significant differences in the average prices amongst the major supplying countries. In October 2023, the country with the highest price was Germany ($10,507 per ton), while the price for Bahrain ($3,405 per ton) was amongst the lowest.

From October 2022 to October 2023, the most notable rate of growth in terms of prices was attained by Italy (+2.6%), while the prices for the other major suppliers experienced more modest paces of growth.

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

In 2022, exports of aluminium; alloys, wire, maximum cross-sectional dimension is 7mm or lesses from Spain dropped dramatically to 2.5K tons, with a decrease of -22.9% compared with 2021. Overall, exports, however, enjoyed a resilient expansion. The pace of growth appeared the most rapid in 2021 when exports increased by 93% against the previous year. As a result, the exports reached the peak of 3.3K tons, and then fell significantly in the following year.

In value terms, exports of aluminium; alloys, wire, maximum cross-sectional dimension is 7mm or lesses contracted to $13M in 2022. In general, exports, however, showed a significant expansion. The pace of growth appeared the most rapid in 2021 when exports increased by 117%. As a result, the exports attained the peak of $14M, and then declined in the following year.

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

1. Germany (763.7 tons)
2. France (386.7 tons)
3. Finland (165.3 tons)
4. Colombia (148.5 tons)
5. Japan (115.0 tons)
6. Indonesia (104.7 tons)
7. Italy (97.7 tons)
8. Brazil (78.9 tons)
9. Malaysia (65.0 tons)
10. Mexico (64.6 tons)
11. Poland (56.9 tons)
12. South Africa (54.7 tons)
13. Saudi Arabia (52.4 tons)

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

In 2022, overseas purchases of aluminium; alloys, wire, maximum cross-sectional dimension is 7mm or lesses were finally on the rise to reach 920 tons for the first time since 2019, thus ending a two-year declining trend. In general, total imports indicated a remarkable increase from 2019 to 2022: its volume increased at an average annual rate of +8.8% over the last three years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. As a result, imports attained the peak and are likely to continue growth in the immediate term.

In value terms, imports of aluminium; alloys, wire, maximum cross-sectional dimension is 7mm or lesses soared to $5M in 2022. Overall, total imports indicated a strong increase from 2019 to 2022: its value increased at an average annual rate of +9.4% over the last three years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +50.9% against 2020 indices. As a result, imports attained the peak and are likely to continue growth in the immediate term.

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

1. Italy (278.9 tons)
2. Bahrain (205.2 tons)
3. India (162.9 tons)
4. China (96.3 tons)
5. France (44.5 tons)
6. Germany (27.5 tons)
7. Oman (24.2 tons)
8. Czech Republic (24.0 tons)
9. United States (13.8 tons)
10. Netherlands (0.5 tons)

Source: IndexBox Market Intelligence Platform