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

Contents:

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

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

The average import price for aluminium; alloys, wire, maximum cross-sectional dimension is 7mm or lesses stood at $4,826 per ton in November 2023, dropping by -17.9% against the previous month. In general, the import price continues to indicate a slight setback. The pace of growth appeared the most rapid in April 2023 an increase of 23% month-to-month. As a result, import price reached the peak level of $6,662 per ton. From May 2023 to November 2023, the average import prices remained at a somewhat lower figure.

There were significant differences in the average prices amongst the major supplying countries. In November 2023, the country with the highest price was the Czech Republic ($10,297 per ton), while the price for China ($3,797 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 France (-0.5%), while the prices for the other major suppliers experienced a decline.

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

In November 2023, the average export price for aluminium; alloys, wire, maximum cross-sectional dimension is 7mm or lesses amounted to $4,674 per ton, waning by -31.7% against the previous month. Overall, the export price saw a pronounced slump. The pace of growth was the most pronounced in August 2023 when the average export price increased by 25% against the previous month. As a result, the export price attained the peak level of $8,269 per ton. From September 2023 to November 2023, the the average export prices remained at a lower figure.

There were significant differences in the average prices for the major external markets. In November 2023, the country with the highest price was Russia ($9,119 per ton), while the average price for exports to Algeria ($3,390 per ton) was amongst the lowest.

From December 2022 to November 2023, the most notable rate of growth in terms of prices was recorded for supplies to Jordan (+2.6%), 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 Turkey

In 2022, approx. 3.1K tons of aluminium; alloys, wire, maximum cross-sectional dimension is 7mm or lesses were imported into Turkey; increasing by 37% compared with the year before. Over the period under review, total imports indicated a significant increase from 2019 to 2022: its volume increased at an average annual rate of +23.4% 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 +87.9% against 2019 indices. As a result, imports reached 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 surged to $17M in 2022. In general, imports showed a significant expansion. As a result, imports reached 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 Turkey in 2022:

1. China (2295.3 tons)
2. France (265.8 tons)
3. Germany (151.7 tons)
4. Slovenia (92.8 tons)
5. Switzerland (72.5 tons)
6. Canada (47.7 tons)
7. India (33.9 tons)

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

In 2022, the amount of aluminium; alloys, wire, maximum cross-sectional dimension is 7mm or lesses exported from Turkey soared to 752 tons, increasing by 67% compared with the previous year. In general, total exports indicated buoyant growth from 2019 to 2022: its volume increased at an average annual rate of +14.9% over the last three-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. As a result, the exports reached the peak and are likely to continue growth in the immediate term.

In value terms, exports of aluminium; alloys, wire, maximum cross-sectional dimension is 7mm or lesses skyrocketed to $4.6M in 2022. Overall, exports posted a significant expansion. As a result, the exports attained the peak and are likely to continue growth in the immediate term.

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

1. Bulgaria (132.3 tons)
2. Poland (121.7 tons)
3. Sweden (88.6 tons)
4. Russia (51.3 tons)
5. Peru (43.2 tons)
6. Germany (32.7 tons)
7. Vietnam (27.9 tons)
8. Iran (25.5 tons)
9. Algeria (24.1 tons)
10. El Salvador (21.6 tons)
11. Belgium (21.1 tons)
12. Italy (18.6 tons)
13. Tunisia (15.6 tons)

Source: IndexBox Market Intelligence Platform