Price for Aluminium; Tubes and Pipes in Pakistan - 2023

Contents:

1. Price for Aluminium; Tubes and Pipes in Pakistan (CIF) - 2023
2. Price for Aluminium; Tubes and Pipes in Pakistan (FOB) - 2022
3. Imports of Aluminium; Tubes and Pipes in Pakistan
4. Exports of Aluminium; Tubes and Pipes in Pakistan

Price for Aluminium; Tubes and Pipes in Pakistan (CIF) - 2023

In February 2023, the average aluminium; tubes and pipes import price amounted to $3,900 per ton, declining by -8% against the previous month. Overall, the import price recorded a slight slump. The most prominent rate of growth was recorded in September 2022 when the average import price increased by 18% against the previous month. Over the period under review, average import prices attained the maximum at $5,448 per ton in October 2022; however, from November 2022 to February 2023, import prices remained at a lower figure.

Average prices varied noticeably amongst the major supplying countries. In February 2023, the country with the highest price was Chad ($4,069 per ton), while the price for China ($3,699 per ton) was amongst the lowest.

From February 2022 to February 2023, the most notable rate of growth in terms of prices was attained by Chad (0.0%), while the prices for the other major suppliers experienced mixed trend patterns.

Price for Aluminium; Tubes and Pipes in Pakistan (FOB) - 2022

In 2022, the average aluminium; tubes and pipes export price amounted to $4,246 per ton, which is down by -10.6% against the previous year. In general, export price indicated moderate growth from 2012 to 2022: its price increased at an average annual rate of +3.8% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, aluminium; tubes and pipes export price increased by +65.6% against 2019 indices. The pace of growth appeared the most rapid in 2020 an increase of 37%. Over the period under review, the average export prices reached the peak figure at $5,159 per ton in 2014; however, from 2015 to 2022, the export prices failed to regain momentum.

Average prices varied somewhat for the major foreign markets. In 2022, amid the top suppliers, the country with the highest price was South Africa ($4,617 per ton), while the average price for exports to Qatar ($3,177 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 Kuwait (+20.8%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Aluminium; Tubes and Pipes in Pakistan

In 2022, the amount of aluminium; tubes and pipeses imported into Pakistan contracted notably to 798 tons, waning by -21.1% against the previous year's figure. In general, imports, however, saw a resilient expansion. The growth pace was the most rapid in 2021 when imports increased by 139%. As a result, imports reached the peak of 1K tons, and then fell markedly in the following year.

In value terms, aluminium; tubes and pipes imports fell to $3.6M in 2022. Overall, imports, however, recorded a significant increase. The growth pace was the most rapid in 2021 with an increase of 188% against the previous year. As a result, imports attained the peak of $4.2M, and then shrank in the following year.

Top Suppliers of Aluminium; Tubes and Pipes to Pakistan in 2022:

1. United Arab Emirates (797.7 tons)

Exports of Aluminium; Tubes and Pipes in Pakistan

In 2022, shipments abroad of aluminium; tubes and pipeses was finally on the rise to reach 25 tons after two years of decline. In general, exports, however, showed a abrupt descent.

In value terms, aluminium; tubes and pipes exports reduced to $107K in 2022. The total export value increased at an average annual rate of +7.0% from 2019 to 2022; however, the trend pattern remained relatively stable, with only minor fluctuations being observed throughout the analyzed period. The growth pace was the most rapid in 2021 with an increase of 14%. As a result, the exports reached the peak of $114K, and then declined in the following year.

Top Export Markets for Aluminium; Tubes and Pipes from Pakistan in 2022:

1. South Africa (17.0 tons)
2. Qatar (6.9 tons)
3. United Arab Emirates (0.8 tons)

Source: IndexBox Market Intelligence Platform