Price for Aluminium; Alloys, Bars, Rods and Profiles, Other than Hollow in Finland - 2023
Contents:
- Price for Aluminium; Alloys, Bars, Rods and Profiles, Other than Hollow in Finland (FOB) - 2023
- Price for Aluminium; Alloys, Bars, Rods and Profiles, Other than Hollow in Finland (CIF) - 2022
- Exports of Aluminium; Alloys, Bars, Rods and Profiles, Other than Hollow in Finland
- Imports of Aluminium; Alloys, Bars, Rods and Profiles, Other than Hollow in Finland
Price for Aluminium; Alloys, Bars, Rods and Profiles, Other than Hollow in Finland (FOB) - 2023
In November 2023, the average export price for aluminium; alloys, bars, rods and profiles, other than hollows amounted to $6,396 per ton, flattening at the previous month. Overall, the export price showed a slight slump. The most prominent rate of growth was recorded in March 2023 an increase of 3.9% against the previous month. The export price peaked at $7,197 per ton in December 2022; however, from January 2023 to November 2023, the export prices remained at a lower figure.
Prices varied noticeably by the country of destination: the country with the highest price was the UK ($22,543 per ton), while the average price for exports to Switzerland ($6,522 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 Norway (+3.3%), while the prices for the other major destinations experienced more modest paces of growth.
Price for Aluminium; Alloys, Bars, Rods and Profiles, Other than Hollow in Finland (CIF) - 2022
The average import price for aluminium; alloys, bars, rods and profiles, other than hollows stood at $7,017 per ton in 2022, rising by 21% against the previous year. Over the last decade, it increased at an average annual rate of +2.4%. As a result, import price reached the peak level and is likely to continue growth in the immediate term.
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 ($8,052 per ton), while the price for France ($4,040 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Germany (+5.9%), while the prices for the other major suppliers experienced more modest paces of growth.
Exports of Aluminium; Alloys, Bars, Rods and Profiles, Other than Hollow in Finland
For the fourth year in a row, Finland recorded growth in overseas shipments of aluminium; alloys, bars, rods and profiles, other than hollows, which increased by 14% to 8.7K tons in 2022. Over the period under review, total exports indicated a remarkable increase from 2019 to 2022: its volume increased at an average annual rate of +19.0% over the last three-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, exports increased by +68.6% against 2019 indices. The most prominent rate of growth was recorded in 2021 with an increase of 31% against the previous year. Over the period under review, the exports of hit record highs in 2022 and are expected to retain growth in years to come.
In value terms, exports of aluminium; alloys, bars, rods and profiles, other than hollows surged to $62M in 2022. Overall, exports enjoyed significant growth. As a result, the exports reached the peak and are likely to continue growth in the immediate term.
| Export of Aluminium; Alloys, Bars, Rods and Profiles, Other than Hollow in Finland (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Germany | 11.0 | 9.5 | 12.9 | 21.4 | 24.8% |
| Sweden | 6.3 | 6.6 | 10.7 | 13.8 | 29.9% |
| Poland | 0.3 | 0.2 | 0.6 | 5.1 | 157.1% |
| Denmark | 2.3 | 3.1 | 3.8 | 4.0 | 20.3% |
| United States | 0.4 | 0.6 | 2.3 | 3.0 | 95.7% |
| Estonia | 1.8 | 2.0 | 2.6 | 3.0 | 18.6% |
| United Kingdom | 0.4 | 0.3 | 1.6 | 2.0 | 71.0% |
| Norway | 0.9 | 1.3 | 1.2 | 1.6 | 21.1% |
| Switzerland | 1.0 | 0.7 | 0.8 | 1.0 | 0.0% |
| Canada | 0.9 | 1.0 | 0.1 | 0.6 | -12.6% |
| Others | 4.6 | 3.7 | 5.6 | 6.6 | 12.8% |
| Total | 30.1 | 29.0 | 42.2 | 62.0 | 27.2% |
Top Export Markets for Aluminium; Alloys, Bars, Rods and Profiles, Other than Hollow from Finland in 2022:
- Germany (3151.9 tons)
- Sweden (2113.9 tons)
- Denmark (508.9 tons)
- United States (493.6 tons)
- Poland (443.0 tons)
- Estonia (414.4 tons)
- United Kingdom (286.2 tons)
- Norway (203.8 tons)
- Switzerland (129.8 tons)
- Canada (107.0 tons)
Imports of Aluminium; Alloys, Bars, Rods and Profiles, Other than Hollow in Finland
For the fourth consecutive year, Finland recorded growth in supplies from abroad of aluminium; alloys, bars, rods and profiles, other than hollows, which increased by 13% to 6.5K tons in 2022. The total import volume increased at an average annual rate of +13.2% from 2019 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The most prominent rate of growth was recorded in 2020 with an increase of 17%. Over the period under review, imports of hit record highs in 2022 and are likely to see gradual growth in years to come.
In value terms, imports of aluminium; alloys, bars, rods and profiles, other than hollows skyrocketed to $45M in 2022. In general, total imports indicated a prominent increase from 2019 to 2022: its value increased at an average annual rate of +16.5% 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 +69.4% against 2020 indices. As a result, imports reached the peak and are likely to continue growth in the immediate term.
| Import of Aluminium; Alloys, Bars, Rods and Profiles, Other than Hollow in Finland (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Germany | 5.3 | 8.1 | 7.4 | 10.1 | 24.0% |
| Sweden | 4.3 | 3.7 | 5.2 | 7.9 | 22.5% |
| Italy | 6.4 | 3.0 | 5.1 | 6.1 | -1.6% |
| Denmark | 0.4 | 2.2 | 3.2 | 4.1 | 117.2% |
| Poland | 1.7 | 2.2 | 2.7 | 3.9 | 31.9% |
| Belgium | 0.4 | 0.7 | 0.9 | 1.9 | 68.1% |
| Netherlands | 0.5 | 0.5 | 0.7 | 1.7 | 50.4% |
| Turkey | 1.4 | 1.3 | 1.4 | 1.5 | 2.3% |
| Austria | 0.4 | 0.5 | 0.5 | 1.5 | 55.4% |
| Slovakia | 0.9 | 0.6 | 1.0 | 1.1 | 6.9% |
| China | 1.9 | 0.8 | 0.9 | 0.9 | -22.0% |
| Greece | 0.7 | 0.5 | 0.8 | 0.8 | 4.6% |
| France | 0.1 | 0.3 | 0.7 | 0.5 | 71.0% |
| Others | 4.1 | 2.4 | 2.6 | 3.4 | -6.0% |
| Total | 28.6 | 26.7 | 33.1 | 45.3 | 16.6% |
Top Suppliers of Aluminium; Alloys, Bars, Rods and Profiles, Other than Hollow to Finland in 2022:
- Germany (1267.7 tons)
- Sweden (1133.5 tons)
- Italy (1028.9 tons)
- Denmark (653.5 tons)
- Poland (599.9 tons)
- Belgium (263.8 tons)
- Netherlands (218.6 tons)
- Turkey (194.7 tons)
- Austria (191.0 tons)
- Slovakia (156.4 tons)
- Greece (140.1 tons)
- China (115.7 tons)
- France (114.7 tons)
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