Price for Aluminium; Alloys, Hollow Profiles in Australia - 2023
Contents:
- Price for Aluminium; Alloys, Hollow Profiles in Australia (CIF) - 2023
- Price for Aluminium; Alloys, Hollow Profiles in Australia (FOB) - 2022
- Imports of Aluminium; Alloys, Hollow Profiles in Australia
- Exports of Aluminium; Alloys, Hollow Profiles in Australia
Price for Aluminium; Alloys, Hollow Profiles in Australia (CIF) - 2023
The average aluminium; alloys, hollow profiles import price stood at $3,813 per ton in July 2023, with a decrease of -4.6% against the previous month. In general, the import price recorded a perceptible contraction. The growth pace was the most rapid in January 2023 when the average import price increased by 6.4% against the previous month. The import price peaked at $4,859 per ton in July 2022; however, from August 2022 to July 2023, import prices remained at a lower figure.
Prices varied noticeably by the country of origin: the country with the highest price was Malaysia ($4,227 per ton), while the price for India ($2,272 per ton) was amongst the lowest.
From July 2022 to July 2023, the most notable rate of growth in terms of prices was attained by Indonesia (-1.7%), while the prices for the other major suppliers experienced a decline.
Price for Aluminium; Alloys, Hollow Profiles in Australia (FOB) - 2022
In 2022, the average aluminium; alloys, hollow profiles export price amounted to $9,020 per ton, growing by 50% against the previous year. In general, the export price, however, continues to indicate a relatively flat trend pattern. Over the period under review, the average export prices reached the maximum at $10,760 per ton in 2015; however, from 2016 to 2022, the export prices failed to regain momentum.
Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was the United States ($14,637 per ton), while the average price for exports to China ($3,207 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 New Zealand (+5.2%), while the prices for the other major destinations experienced more modest paces of growth.
Imports of Aluminium; Alloys, Hollow Profiles in Australia
In 2022, imports of aluminium; alloys, hollow profileses into Australia rose to 30K tons, growing by 2.8% on the previous year. The total import volume increased at an average annual rate of +10.4% over the period 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 2021 with an increase of 27%. Over the period under review, imports hit record highs in 2022 and are expected to retain growth in the near future.
In value terms, aluminium; alloys, hollow profiles imports skyrocketed to $137M in 2022. Overall, imports continue to indicate a significant increase. The pace of growth was the most pronounced in 2021 with an increase of 61% against the previous year. Over the period under review, imports attained the peak figure in 2022 and are likely to continue growth in the immediate term.
| Import of Aluminium; Alloys, Hollow Profiles in Australia (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| China | 55.6 | 35.7 | 68.9 | 78.1 | 12.0% |
| Indonesia | 5.8 | 25.7 | 38.0 | 43.3 | 95.4% |
| Malaysia | 3.0 | 2.7 | 0.8 | 3.6 | 6.3% |
| Thailand | 0.3 | 2.5 | 0.8 | 2.4 | 100.0% |
| Others | 5.5 | 4.7 | 6.1 | 9.5 | 20.0% |
| Total | 70.2 | 71.2 | 114 | 137 | 25.0% |
Top Suppliers of Aluminium; Alloys, Hollow Profiles to Australia in 2022:
- China (17.6K tons)
- Indonesia (9.9K tons)
- Malaysia (0.6K tons)
- Thailand (0.5K tons)
Exports of Aluminium; Alloys, Hollow Profiles in Australia
For the third year in a row, Australia recorded decline in overseas shipments of aluminium; alloys, hollow profileses, which decreased by -8.2% to 370 tons in 2022. In general, exports recorded a abrupt shrinkage. The smallest decline of -5.6% was in 2021.
In value terms, aluminium; alloys, hollow profiles exports skyrocketed to $3.3M in 2022. The total export value increased at an average annual rate of +2.6% from 2019 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. As a result, the exports attained the peak and are likely to continue growth in the immediate term.
| Export of Aluminium; Alloys, Hollow Profiles in Australia (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| United States | 1,131 | 1,207 | 133 | 934 | -6.2% |
| New Zealand | 389 | 278 | 814 | 922 | 33.3% |
| United Kingdom | 254 | N/A | 66.4 | 738 | 42.7% |
| Thailand | 275 | N/A | 98.6 | 295 | 2.4% |
| South Africa | 1.9 | 57.7 | N/A | 119 | 297.1% |
| Indonesia | 58.1 | 84.8 | 78.7 | 88.9 | 15.2% |
| Hong Kong SAR | N/A | 151 | N/A | 25.3 | -59.1% |
| China | 510 | 256 | 265 | 2.5 | -83.0% |
| South Korea | N/A | N/A | 341 | N/A | 0% |
| Others | 467 | 390 | 619 | 211 | -23.3% |
| Total | 3,086 | 2,424 | 2,415 | 3,335 | 2.6% |
Top Export Markets for Aluminium; Alloys, Hollow Profiles from Australia in 2022:
- New Zealand (110.2 tons)
- United Kingdom (75.4 tons)
- Thailand (69.2 tons)
- United States (63.8 tons)
- South Africa (16.7 tons)
- Indonesia (13.2 tons)
- Hong Kong SAR (3.8 tons)
- China (0.8 tons)
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