Aluminium Wire Price in India - 2023
Contents:
- Aluminium Wire Price in India (FOB) - 2023
- Aluminium Wire Price in India (CIF) - 2023
- Aluminium Wire Exports in India
- Aluminium Wire Imports in India
Aluminium Wire Price in India (FOB) - 2023
The average aluminium wire export price stood at $2,638 per ton in July 2023, which is down by -4.9% against the previous month. In general, the export price continues to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in November 2022 when the average export price increased by 2.6% against the previous month. Over the period under review, the average export prices reached the peak figure at $2,909 per ton in February 2023; however, from March 2023 to July 2023, the export prices stood at a somewhat lower figure.
Average prices varied noticeably for the major overseas markets. In July 2023, the highest price was recorded for prices to the United States ($2,766 per ton) and Ecuador ($2,718 per ton), while the average price for exports to Vietnam ($2,477 per ton) and Nepal ($2,522 per ton) were amongst the lowest.
From July 2022 to July 2023, the most notable rate of growth in terms of prices was recorded for supplies to Iraq (+0.7%), while the prices for the other major destinations experienced mixed trend patterns.
Aluminium Wire Price in India (CIF) - 2023
The average aluminium wire import price stood at $4,451 per ton in July 2023, growing by 14% against the previous month. Overall, the import price, however, continues to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in February 2023 when the average import price increased by 83% m-o-m. Over the period under review, average import prices attained the peak figure at $5,420 per ton in August 2022; however, from September 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 the Netherlands ($5,053 per ton), while the price for South Korea ($3,120 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 Russia (+6.2%), while the prices for the other major suppliers experienced mixed trend patterns.
Aluminium Wire Exports in India
Aluminium wire exports from India rose slightly to 104K tons in 2022, picking up by 4.2% against 2021. Over the period under review, total exports indicated strong growth from 2019 to 2022: its volume increased at an average annual rate of +18.1% over the last three years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, exports decreased by -3.5% against 2020 indices. The most prominent rate of growth was recorded in 2020 with an increase of 71%. As a result, the exports attained the peak of 108K tons. From 2021 to 2022, the growth of the exports remained at a lower figure.
In value terms, aluminium wire exports amounted to $215M in 2022. Overall, total exports indicated buoyant growth from 2019 to 2022: its value increased at an average annual rate of +18.1% over the last three-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, exports decreased by -1.9% against 2020 indices. The pace of growth appeared the most rapid in 2020 when exports increased by 68% against the previous year. As a result, the exports attained the peak of $219M. From 2021 to 2022, the growth of the exports remained at a somewhat lower figure.
| Export of Aluminium Wire in India (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| United States | 29.8 | 67.6 | 78.1 | 77.3 | 37.4% |
| Saudi Arabia | 4.6 | 24.4 | 30.7 | 30.3 | 87.5% |
| Vietnam | 6.9 | 13.2 | 20.5 | 20.3 | 43.3% |
| Mexico | 5.4 | 7.6 | 15.3 | 15.2 | 41.2% |
| Nepal | 18.6 | 14.8 | 10.1 | 10.1 | -18.4% |
| Brazil | 7.7 | 19.6 | 9.0 | 8.9 | 4.9% |
| Sri Lanka | 5.9 | 5.3 | 6.4 | 6.3 | 2.2% |
| Australia | 0.9 | 0.6 | 5.5 | 5.5 | 82.8% |
| Tanzania | 9.8 | 11.8 | 2.1 | 5.1 | -19.6% |
| Ecuador | 6.2 | 9.0 | 4.1 | 4.4 | -10.8% |
| United Arab Emirates | 2.8 | 6.9 | 4.3 | 4.3 | 15.4% |
| Iraq | N/A | 2.0 | 3.4 | 3.4 | 30.4% |
| Colombia | 4.6 | 4.9 | 2.1 | 2.6 | -17.3% |
| Others | 27.0 | 30.9 | 18.7 | 20.9 | -8.2% |
| Total | 130 | 219 | 210 | 215 | 18.3% |
Top Export Markets for Aluminium Wire from India in 2022:
- United States (36.2K tons)
- Saudi Arabia (14.3K tons)
- Vietnam (9.0K tons)
- Mexico (7.0K tons)
- Nepal (5.9K tons)
- Brazil (4.3K tons)
- Tanzania (3.1K tons)
- Sri Lanka (3.1K tons)
- Australia (2.7K tons)
- Ecuador (2.4K tons)
- United Arab Emirates (2.1K tons)
- Iraq (1.7K tons)
- Colombia (1.5K tons)
Aluminium Wire Imports in India
In 2022, the amount of aluminium wires imported into India fell to 44K tons, with a decrease of -5.7% against 2021 figures. Overall, imports saw a abrupt decline. The pace of growth appeared the most rapid in 2021 with an increase of 13%.
In value terms, aluminium wire imports declined to $87M in 2022. Over the period under review, imports continue to indicate a abrupt contraction. The pace of growth appeared the most rapid in 2021 when imports increased by 4.1%.
| Import of Aluminium Wire in India (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Malaysia | 139 | 68.7 | 50.4 | 60.0 | -24.4% |
| United Arab Emirates | 0.8 | 0.4 | 13.9 | 9.6 | 128.9% |
| China | 5.0 | 4.1 | 5.6 | 3.9 | -7.9% |
| Oman | 4.8 | 3.8 | 4.7 | 3.2 | -12.6% |
| Russia | 2.0 | 3.1 | 2.8 | 2.0 | 0.0% |
| Others | 5.9 | 4.8 | 11.0 | 8.0 | 10.7% |
| Total | 158 | 84.9 | 88.3 | 86.6 | -18.2% |
Top Suppliers of Aluminium Wire to India in 2022:
- Malaysia (34.2K tons)
- United Arab Emirates (3.8K tons)
- Oman (1.6K tons)
- China (1.0K tons)
- Russia (1.0K tons)
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During the period from January 2023 to July 2023, the exports of Aluminium Alloy Wire experienced a slower growth rate. However, in July 2023, the value of aluminium alloy wire exports significantly increased, reaching $2M.
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