Price for Aluminium; Alloys, Bars, Rods and Profiles, Other than Hollow in Turkey - 2024
Contents:
- Price for Aluminium; Alloys, Bars, Rods and Profiles, Other than Hollow in Turkey (FOB) - 2024
- Price for Aluminium; Alloys, Bars, Rods and Profiles, Other than Hollow in Turkey (CIF) - 2024
- Exports of Aluminium; Alloys, Bars, Rods and Profiles, Other than Hollow in Turkey
- Imports of Aluminium; Alloys, Bars, Rods and Profiles, Other than Hollow in Turkey
Price for Aluminium; Alloys, Bars, Rods and Profiles, Other than Hollow in Turkey (FOB) - 2024
The average export price for aluminium; alloys, bars, rods and profiles, other than hollows stood at $4,681 per ton in December 2023, remaining relatively unchanged against the previous month. Over the period under review, the export price saw a mild setback. The most prominent rate of growth was recorded in November 2023 an increase of 2.3% against the previous month. The export price peaked at $5,253 per ton in January 2023; however, from February 2023 to December 2023, the export prices stood at a somewhat lower figure.
Average prices varied somewhat for the major export markets. In December 2023, the highest price was recorded for prices to the UK ($6,117 per ton) and Canada ($5,272 per ton), while the average price for exports to Bulgaria ($4,105 per ton) and Serbia ($4,213 per ton) were amongst the lowest.
From January 2023 to December 2023, the most notable rate of growth in terms of prices was recorded for supplies to the UK (+0.1%), while the prices for the other major destinations experienced a decline.
Price for Aluminium; Alloys, Bars, Rods and Profiles, Other than Hollow in Turkey (CIF) - 2024
In December 2023, the average import price for aluminium; alloys, bars, rods and profiles, other than hollows amounted to $5,705 per ton, reducing by -39.4% against the previous month. Over the period under review, the import price continues to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in November 2023 when the average import price increased by 51% against the previous month. As a result, import price reached the peak level of $9,418 per ton, and then contracted rapidly in the following month.
Prices varied noticeably by the country of origin: the country with the highest price was Poland ($14,855 per ton), while the price for Cyprus ($1,708 per ton) was amongst the lowest.
From January 2023 to December 2023, the most notable rate of growth in terms of prices was attained by Poland (+6.0%), 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 Turkey
In 2022, approx. 301K tons of aluminium; alloys, bars, rods and profiles, other than hollows were exported from Turkey; picking up by 6.1% on the year before. Overall, exports saw significant growth. The pace of growth was the most pronounced in 2021 when exports increased by 51%. Over the period under review, the exports of attained the maximum 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 soared to $1.6B in 2022. Over the period under review, exports showed significant growth. The pace of growth was the most pronounced in 2021 with an increase of 82% against the previous year. The exports peaked in 2022 and are likely to continue growth in the immediate term.
| Export of Aluminium; Alloys, Bars, Rods and Profiles, Other than Hollow in Turkey (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Germany | 136 | 141 | 266 | 397 | 42.9% |
| Iraq | 76.6 | 86.2 | 135 | 164 | 28.9% |
| Poland | 16.1 | 18.7 | 74.9 | 99.9 | 83.8% |
| Israel | 26.0 | 38.4 | 77.2 | 91.6 | 52.2% |
| Czech Republic | 26.9 | 31.5 | 64.2 | 84.4 | 46.4% |
| Netherlands | 19.1 | 28.1 | 60.0 | 79.0 | 60.5% |
| United States | 22.3 | 26.7 | 57.6 | 63.1 | 41.4% |
| Bulgaria | 12.9 | 13.8 | 28.4 | 56.7 | 63.8% |
| Austria | 24.5 | 25.1 | 43.6 | 53.1 | 29.4% |
| United Kingdom | 13.8 | 14.1 | 28.9 | 37.6 | 39.7% |
| Italy | 5.6 | 5.1 | 10.6 | 37.5 | 88.5% |
| France | 17.2 | 15.6 | 23.4 | 35.1 | 26.8% |
| Belgium | 10.1 | 13.0 | 19.3 | 29.9 | 43.6% |
| Others | 194 | 206 | 319 | 384 | 25.6% |
| Total | 600 | 663 | 1,207 | 1,612 | 39.0% |
Top Export Markets for Aluminium; Alloys, Bars, Rods and Profiles, Other than Hollow from Turkey in 2022:
- Germany (71.5K tons)
- Iraq (32.4K tons)
- Poland (19.6K tons)
- Israel (18.8K tons)
- Czech Republic (16.2K tons)
- Netherlands (14.9K tons)
- Bulgaria (11.4K tons)
- United States (11.1K tons)
- Austria (9.5K tons)
- Italy (7.3K tons)
- United Kingdom (5.9K tons)
- Belgium (5.7K tons)
- France (5.6K tons)
Imports of Aluminium; Alloys, Bars, Rods and Profiles, Other than Hollow in Turkey
For the fourth consecutive year, Turkey recorded growth in supplies from abroad of aluminium; alloys, bars, rods and profiles, other than hollows, which increased by 14% to 11K tons in 2022. Overall, total imports indicated a remarkable increase from 2019 to 2022: its volume increased at an average annual rate of +15.5% 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 +54.2% against 2019 indices. The most prominent rate of growth was recorded in 2021 when imports increased by 27%. Imports peaked in 2022 and are likely to see steady growth in the near future.
In value terms, imports of aluminium; alloys, bars, rods and profiles, other than hollows surged to $78M in 2022. In general, imports saw significant growth. As a result, imports attained the peak and are likely to continue growth in the immediate term.
| Import of Aluminium; Alloys, Bars, Rods and Profiles, Other than Hollow in Turkey (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| China | 4.8 | 4.6 | 8.3 | 20.9 | 63.3% |
| Germany | 6.8 | 6.6 | 7.2 | 10.6 | 15.9% |
| Russia | 4.7 | 3.2 | 6.8 | 6.4 | 10.8% |
| Greece | 2.6 | 2.7 | 3.6 | 5.5 | 28.4% |
| Italy | 2.7 | 3.1 | 3.4 | 3.8 | 12.1% |
| Netherlands | 1.6 | 1.2 | 2.2 | 3.1 | 24.7% |
| Romania | 2.8 | 1.8 | 1.8 | 2.8 | 0.0% |
| Poland | 0.9 | 1.0 | 1.5 | 2.8 | 46.0% |
| Denmark | 2.7 | 1.5 | 1.9 | 2.5 | -2.5% |
| France | 1.8 | 0.8 | 1.6 | 1.7 | -1.9% |
| Hungary | 0.1 | 0.2 | 0.8 | 1.5 | 146.6% |
| Czech Republic | N/A | 0.2 | 0.7 | 1.3 | 155.0% |
| Cyprus | N/A | N/A | 0.3 | 0.6 | 100.0% |
| Others | 11.1 | 13.4 | 10.4 | 14.5 | 9.3% |
| Total | 42.8 | 40.3 | 50.6 | 78.0 | 22.1% |
Top Suppliers of Aluminium; Alloys, Bars, Rods and Profiles, Other than Hollow to Turkey in 2022:
- China (3453.1 tons)
- Germany (1303.2 tons)
- Russia (1207.9 tons)
- Greece (791.5 tons)
- Italy (438.3 tons)
- Denmark (322.1 tons)
- Netherlands (279.4 tons)
- Poland (277.2 tons)
- Cyprus (190.8 tons)
- Hungary (189.0 tons)
- France (182.4 tons)
- Romania (175.9 tons)
- Czech Republic (168.3 tons)
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