Price for Aluminium; Plates, Sheets and Strip, Thickness Exceeding 0.2mm, Alloys, Rectangular (Including Square) in India - 2023

Contents:

1. Price for Aluminium; Plates, Sheets and Strip, Thickness Exceeding 0.2mm, Alloys, Rectangular (Including Square) in India (CIF) - 2023
2. Price for Aluminium; Plates, Sheets and Strip, Thickness Exceeding 0.2mm, Alloys, Rectangular (Including Square) in India (FOB) - 2022
3. Imports of Aluminium; Plates, Sheets and Strip, Thickness Exceeding 0.2mm, Alloys, Rectangular (Including Square) in India
4. Exports of Aluminium; Plates, Sheets and Strip, Thickness Exceeding 0.2mm, Alloys, Rectangular (Including Square) in India

Price for Aluminium; Plates, Sheets and Strip, Thickness Exceeding 0.2mm, Alloys, Rectangular (Including Square) in India (CIF) - 2023

In November 2023, the average import price for aluminium; plates, sheets and strip, thickness exceeding 0.2mm, alloys, rectangular (including square)s amounted to $3,641 per ton, with an increase of 1.5% against the previous month. In general, the import price, however, continues to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in December 2022 an increase of 6.7% m-o-m. As a result, import price reached the peak level of $4,151 per ton. From January 2023 to November 2023, the average import prices remained at a somewhat 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 UK ($9,365 per ton), while the price for Bahrain ($2,727 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 the UK (+0.7%), while the prices for the other major suppliers experienced a decline.

Price for Aluminium; Plates, Sheets and Strip, Thickness Exceeding 0.2mm, Alloys, Rectangular (Including Square) in India (FOB) - 2022

In 2022, the average export price for aluminium; plates, sheets and strip, thickness exceeding 0.2mm, alloys, rectangular (including square)s amounted to $3,722 per ton, rising by 27% against the previous year. Over the period from 2012 to 2022, it increased at an average annual rate of +3.5%. As a result, the export price attained the peak level and is likely to continue growth in the immediate term.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Poland ($4,400 per ton), while the average price for exports to Nepal ($2,873 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 Nepal (+6.6%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Aluminium; Plates, Sheets and Strip, Thickness Exceeding 0.2mm, Alloys, Rectangular (Including Square) in India

In 2022, the amount of aluminium; plates, sheets and strip, thickness exceeding 0.2mm, alloys, rectangular (including square)s imported into India stood at 94K tons, picking up by 3.6% compared with 2021. Over the period under review, total imports indicated strong growth from 2019 to 2022: its volume increased at an average annual rate of +9.8% 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 +55.6% against 2020 indices. The most prominent rate of growth was recorded in 2021 when imports increased by 50% against the previous year. Imports peaked in 2022 and are expected to retain growth in years to come.

In value terms, imports of aluminium; plates, sheets and strip, thickness exceeding 0.2mm, alloys, rectangular (including square)s soared to $399M in 2022. Overall, imports enjoyed a significant expansion. The pace of growth appeared the most rapid in 2021 when imports increased by 71%. Over the period under review, imports of reached the peak figure in 2022 and are likely to see gradual growth in the near future.

Top Suppliers of Aluminium; Plates, Sheets and Strip, Thickness Exceeding 0.2mm, Alloys, Rectangular (Including Square) to India in 2022:

1. China (36.9K tons)
2. South Korea (20.6K tons)
3. Poland (17.3K tons)
4. Thailand (9.0K tons)
5. Bahrain (2.3K tons)
6. Germany (1.3K tons)
7. United Arab Emirates (0.5K tons)

Exports of Aluminium; Plates, Sheets and Strip, Thickness Exceeding 0.2mm, Alloys, Rectangular (Including Square) in India

In 2022, exports of aluminium; plates, sheets and strip, thickness exceeding 0.2mm, alloys, rectangular (including square)s from India fell sharply to 40K tons, dropping by -43.8% against 2021 figures. In general, exports saw a perceptible descent. The pace of growth was the most pronounced in 2021 when exports increased by 122% against the previous year. As a result, the exports reached the peak of 71K tons, and then contracted notably in the following year.

In value terms, exports of aluminium; plates, sheets and strip, thickness exceeding 0.2mm, alloys, rectangular (including square)s reduced dramatically to $148M in 2022. Overall, exports, however, continue to indicate resilient growth. The pace of growth appeared the most rapid in 2021 with an increase of 178% against the previous year. As a result, the exports reached the peak of $206M, and then shrank rapidly in the following year.

Top Export Markets for Aluminium; Plates, Sheets and Strip, Thickness Exceeding 0.2mm, Alloys, Rectangular (Including Square) from India in 2022:

1. United Arab Emirates (7.4K tons)
2. United States (6.5K tons)
3. Spain (3.6K tons)
4. Italy (1.9K tons)
5. Germany (1.8K tons)
6. Nepal (1.5K tons)
7. Egypt (1.3K tons)
8. Cote d'Ivoire (1.2K tons)
9. Canada (1.1K tons)
10. Israel (1.1K tons)
11. Poland (1.1K tons)
12. Brazil (1.0K tons)
13. South Korea (0.9K tons)

Source: IndexBox Market Intelligence Platform