Price for Aluminium; Alloys, Wire, Maximum Cross-Sectional Dimension Exceeding 7mm in Japan - 2023
Contents:
- Price for Aluminium; Alloys, Wire, Maximum Cross-Sectional Dimension Exceeding 7mm in Japan (CIF) - 2023
- Price for Aluminium; Alloys, Wire, Maximum Cross-Sectional Dimension Exceeding 7mm in Japan (FOB) - 2023
- Imports of Aluminium; Alloys, Wire, Maximum Cross-Sectional Dimension Exceeding 7mm in Japan
- Exports of Aluminium; Alloys, Wire, Maximum Cross-Sectional Dimension Exceeding 7mm in Japan
Price for Aluminium; Alloys, Wire, Maximum Cross-Sectional Dimension Exceeding 7mm in Japan (CIF) - 2023
In November 2023, the average import price for aluminium; alloys, wire, maximum cross-sectional dimension exceeding 7mms amounted to $3,681 per ton, approximately mirroring the previous month. Overall, the import price, however, saw a relatively flat trend pattern. The most prominent rate of growth was recorded in March 2023 when the average import price increased by 30% against the previous month. As a result, import price attained the peak level of $4,705 per ton. From April 2023 to November 2023, the average import prices remained at a lower figure.
There were significant differences in the average prices amongst the major supplying countries. In November 2023, the country with the highest price was the United States ($6,054 per ton), while the price for Vietnam ($2,880 per ton) was amongst the lowest.
From November 2022 to November 2023, the most notable rate of growth in terms of prices was attained by Thailand (-0.6%), while the prices for the other major suppliers experienced a decline.
Price for Aluminium; Alloys, Wire, Maximum Cross-Sectional Dimension Exceeding 7mm in Japan (FOB) - 2023
In November 2023, the average export price for aluminium; alloys, wire, maximum cross-sectional dimension exceeding 7mms amounted to $4,015 per ton, shrinking by -3.7% against the previous month. In general, the export price, however, showed a relatively flat trend pattern. The pace of growth appeared the most rapid in July 2023 when the average export price increased by 7.7% m-o-m. Over the period under review, the average export prices hit record highs at $4,354 per ton in January 2023; however, from February 2023 to November 2023, the export prices stood at a somewhat lower figure.
Average prices varied somewhat for the major export markets. In November 2023, the countries with the highest prices were Taiwan (Chinese) ($4,363 per ton) and China ($4,273 per ton), while the average price for exports to Malaysia ($3,059 per ton) and Spain ($3,837 per ton) were amongst the lowest.
From November 2022 to November 2023, the most notable rate of growth in terms of prices was recorded for supplies to Vietnam (+5.1%), while the prices for the other major destinations experienced mixed trend patterns.
Imports of Aluminium; Alloys, Wire, Maximum Cross-Sectional Dimension Exceeding 7mm in Japan
In 2022, approx. 6.1K tons of aluminium; alloys, wire, maximum cross-sectional dimension exceeding 7mms were imported into Japan; falling by -12.5% compared with 2021 figures. Over the period under review, total imports indicated resilient growth from 2019 to 2022: its volume increased at an average annual rate of +7.7% over the last three years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +63.5% against 2020 indices. The most prominent rate of growth was recorded in 2021 with an increase of 87% against the previous year. As a result, imports reached the peak of 6.9K tons, and then dropped in the following year.
In value terms, imports of aluminium; alloys, wire, maximum cross-sectional dimension exceeding 7mms amounted to $27M in 2022. In general, imports, however, continue to indicate a strong expansion. The pace of growth appeared the most rapid in 2021 with an increase of 117%. Imports peaked in 2022 and are likely to see gradual growth in years to come.
| Import of Aluminium; Alloys, Wire, Maximum Cross-Sectional Dimension Exceeding 7mm in Japan (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Vietnam | 5.7 | 3.3 | 10.3 | 8.6 | 14.7% |
| Thailand | 1.7 | 1.8 | 3.8 | 5.1 | 44.2% |
| United States | 3.4 | 2.5 | 4.2 | 3.8 | 3.8% |
| United Kingdom | 2.5 | 2.1 | 3.1 | 3.7 | 14.0% |
| Netherlands | 2.3 | 1.6 | 3.5 | 3.4 | 13.9% |
| Spain | 0.9 | 0.7 | 1.2 | 2.3 | 36.7% |
| China | 0.4 | 0.3 | 0.3 | 0.4 | 0.0% |
| Others | 0.1 | N/A | 0.1 | 0.1 | 0.0% |
| Total | 17.0 | 12.2 | 26.6 | 27.4 | 17.2% |
Top Suppliers of Aluminium; Alloys, Wire, Maximum Cross-Sectional Dimension Exceeding 7mm to Japan in 2022:
- Vietnam (2462.0 tons)
- Thailand (1428.7 tons)
- United States (583.6 tons)
- United Kingdom (570.4 tons)
- Netherlands (550.1 tons)
- Spain (354.1 tons)
- China (80.1 tons)
Exports of Aluminium; Alloys, Wire, Maximum Cross-Sectional Dimension Exceeding 7mm in Japan
In 2022, overseas shipments of aluminium; alloys, wire, maximum cross-sectional dimension exceeding 7mms decreased by -13% to 6.1K tons for the first time since 2018, thus ending a three-year rising trend. The total export volume increased at an average annual rate of +8.0% 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 2021 with an increase of 26% against the previous year. As a result, the exports reached the peak of 7K tons, and then contracted in the following year.
In value terms, exports of aluminium; alloys, wire, maximum cross-sectional dimension exceeding 7mms dropped modestly to $26M in 2022. Overall, total exports indicated a prominent increase from 2019 to 2022: its value increased at an average annual rate of +12.9% over the last three years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, exports increased by +44.1% against 2019 indices. The growth pace was the most rapid in 2021 with an increase of 43% against the previous year. As a result, the exports reached the peak of $27M, and then declined slightly in the following year.
| Export of Aluminium; Alloys, Wire, Maximum Cross-Sectional Dimension Exceeding 7mm in Japan (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Malaysia | 5.0 | 6.9 | 11.5 | 8.5 | 19.3% |
| South Korea | 2.4 | 3.0 | 4.5 | 4.4 | 22.4% |
| Germany | 4.8 | 4.0 | 3.5 | 4.2 | -4.4% |
| United States | 2.2 | 0.9 | 1.5 | 2.1 | -1.5% |
| China | 2.0 | 2.2 | 2.7 | 2.1 | 1.6% |
| Taiwan (Chinese) | 1.1 | 1.4 | 2.4 | 1.6 | 13.3% |
| Vietnam | N/A | 0.1 | 0.6 | 1.5 | 287.3% |
| Others | 0.8 | 0.6 | 0.5 | 1.7 | 28.6% |
| Total | 18.2 | 19.1 | 27.3 | 26.2 | 12.9% |
Top Export Markets for Aluminium; Alloys, Wire, Maximum Cross-Sectional Dimension Exceeding 7mm from Japan in 2022:
- Malaysia (2240.8 tons)
- South Korea (982.6 tons)
- Germany (921.5 tons)
- China (480.2 tons)
- United States (438.5 tons)
- Taiwan (Chinese) (338.8 tons)
- Vietnam (320.9 tons)
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