Price for Aluminium; Alloys, Wire, Maximum Cross-Sectional Dimension Is 7mm or Less in India - 2023
Contents:
- Price for Aluminium; Alloys, Wire, Maximum Cross-Sectional Dimension Is 7mm or Less in India (FOB) - 2023
- Price for Aluminium; Alloys, Wire, Maximum Cross-Sectional Dimension Is 7mm or Less in India (CIF) - 2023
- Exports of Aluminium; Alloys, Wire, Maximum Cross-Sectional Dimension Is 7mm or Less in India
- Imports of Aluminium; Alloys, Wire, Maximum Cross-Sectional Dimension Is 7mm or Less in India
Price for Aluminium; Alloys, Wire, Maximum Cross-Sectional Dimension Is 7mm or Less in India (FOB) - 2023
The average export price for aluminium; alloys, wire, maximum cross-sectional dimension is 7mm or lesses stood at $3,587 per ton in October 2023, picking up by 5.6% against the previous month. Overall, the export price, however, recorded a relatively flat trend pattern. The pace of growth was the most pronounced in January 2023 an increase of 50% month-to-month. As a result, the export price reached the peak level of $4,037 per ton. From February 2023 to October 2023, the the average export prices remained at a lower figure.
There were significant differences in the average prices for the major foreign markets. In October 2023, the country with the highest price was Egypt ($7,208 per ton), while the average price for exports to Germany ($2,748 per ton) was amongst the lowest.
From November 2022 to October 2023, the most notable rate of growth in terms of prices was recorded for supplies to Vietnam (+6.2%), 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 India (CIF) - 2023
In October 2023, the average import price for aluminium; alloys, wire, maximum cross-sectional dimension is 7mm or lesses amounted to $4,325 per ton, dropping by -3.9% against the previous month. Overall, the import price saw a relatively flat trend pattern. The most prominent rate of growth was recorded in June 2023 when the average import price increased by 29% month-to-month. As a result, import price attained the peak level of $6,052 per ton. From July 2023 to October 2023, the average import prices failed to regain momentum.
Prices varied noticeably by the country of origin: the country with the highest price was Italy ($15,465 per ton), while the price for China ($3,795 per ton) was amongst the lowest.
From November 2022 to October 2023, the most notable rate of growth in terms of prices was attained by Italy (+5.3%), 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 India
In 2022, shipments abroad of aluminium; alloys, wire, maximum cross-sectional dimension is 7mm or lesses decreased by -16.9% to 3.5K tons, falling for the second consecutive year after two years of growth. The total export volume increased at an average annual rate of +1.4% over the period from 2019 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The pace of growth was the most pronounced in 2020 when exports increased by 35%. As a result, the exports reached the peak of 4.6K tons. From 2021 to 2022, the growth of the exports of remained at a somewhat lower figure.
In value terms, exports of aluminium; alloys, wire, maximum cross-sectional dimension is 7mm or lesses shrank to $13M in 2022. The total export value increased at an average annual rate of +10.8% from 2019 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The pace of growth appeared the most rapid in 2020 with an increase of 26% against the previous year.
| Export of Aluminium; Alloys, Wire, Maximum Cross-Sectional Dimension Is 7mm or Less in India (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Brazil | 3.6 | 6.8 | 4.3 | 3.6 | 0.0% |
| Thailand | 2.6 | 1.5 | 2.2 | 1.5 | -16.8% |
| Vietnam | 0.1 | 0.1 | 2.5 | 1.4 | 141.0% |
| Nepal | N/A | 0.1 | 0.4 | 1.3 | 260.6% |
| Indonesia | 0.1 | 0.1 | 0.6 | 0.8 | 100.0% |
| Taiwan (Chinese) | 0.2 | 0.3 | 0.3 | 0.6 | 44.2% |
| South Africa | 0.2 | 0.1 | 0.5 | 0.6 | 44.2% |
| France | 0.3 | 0.4 | 0.6 | 0.6 | 26.0% |
| Germany | 0.6 | 0.3 | 0.7 | 0.6 | 0.0% |
| Others | 1.7 | 2.5 | 2.1 | 2.0 | 5.6% |
| Total | 9.6 | 12.2 | 14.2 | 13.1 | 10.9% |
Top Export Markets for Aluminium; Alloys, Wire, Maximum Cross-Sectional Dimension Is 7mm or Less from India in 2022:
- Brazil (845.2 tons)
- Nepal (522.0 tons)
- Thailand (444.5 tons)
- Vietnam (299.4 tons)
- Indonesia (223.3 tons)
- France (200.0 tons)
- South Africa (176.5 tons)
- Taiwan (Chinese) (172.6 tons)
- Germany (151.5 tons)
Imports of Aluminium; Alloys, Wire, Maximum Cross-Sectional Dimension Is 7mm or Less in India
For the third consecutive year, India recorded decline in purchases abroad of aluminium; alloys, wire, maximum cross-sectional dimension is 7mm or lesses, which decreased by -1.6% to 1.1K tons in 2022. In general, imports faced a abrupt decrease.
In value terms, imports of aluminium; alloys, wire, maximum cross-sectional dimension is 7mm or lesses expanded rapidly to $6.1M in 2022. Overall, imports saw a deep setback. The pace of growth was the most pronounced in 2021 with an increase of 13% against the previous year.
| Import of Aluminium; Alloys, Wire, Maximum Cross-Sectional Dimension Is 7mm or Less in India (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| China | 4,469 | 2,887 | 3,592 | 3,719 | -5.9% |
| Canada | 506 | 510 | 920 | 1,232 | 34.5% |
| Germany | 356 | 407 | 387 | 308 | -4.7% |
| Italy | 150 | 152 | 209 | 208 | 11.5% |
| Netherlands | 157 | 39.1 | 78.9 | 80.5 | -20.0% |
| Spain | 282 | 526 | 7.4 | N/A | -83.8% |
| United Kingdom | 694 | 184 | N/A | N/A | -73.5% |
| Others | 743 | 422 | 623 | 561 | -8.9% |
| Total | 7,357 | 5,127 | 5,817 | 6,109 | -6.0% |
Top Suppliers of Aluminium; Alloys, Wire, Maximum Cross-Sectional Dimension Is 7mm or Less to India in 2022:
- China (800.1 tons)
- Canada (150.8 tons)
- Germany (28.2 tons)
- Italy (22.9 tons)
- Netherlands (22.6 tons)
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