Aluminium Wire Price in Slovakia - 2023
Contents:
- Aluminium Wire Price in Slovakia (CIF) - 2023
- Aluminium Wire Price in Slovakia (FOB) - 2023
- Aluminium Wire Imports in Slovakia
- Aluminium Wire Exports in Slovakia
Aluminium Wire Price in Slovakia (CIF) - 2023
In July 2023, the average aluminium wire import price amounted to $4,053 per ton, therefore, remained relatively stable against the previous month. Overall, the import price showed a relatively flat trend pattern. The growth pace was the most rapid in May 2023 when the average import price increased by 48% month-to-month. As a result, import price attained the peak level of $5,813 per ton. From June 2023 to July 2023, the average import prices failed to regain momentum.
There were significant differences in the average prices amongst the major supplying countries. In July 2023, the country with the highest price was the Netherlands ($20,430 per ton), while the price for Romania ($1,379 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 Slovenia (+20.6%), while the prices for the other major suppliers experienced more modest paces of growth.
Aluminium Wire Price in Slovakia (FOB) - 2023
The average aluminium wire export price stood at $6,983 per ton in July 2023, picking up by 45% against the previous month. Over the last twelve-month period, it increased at an average monthly rate of +2.3%. As a result, the export price attained the peak level and is likely to continue growth in the immediate term.
There were significant differences in the average prices for the major external markets. In July 2023, the country with the highest price was Spain ($121K per ton), while the average price for exports to Germany ($1,492 per ton) was amongst the lowest.
From July 2022 to July 2023, the most notable rate of growth in terms of prices was recorded for supplies to Spain (+28.8%), while the prices for the other major destinations experienced more modest paces of growth.
Aluminium Wire Imports in Slovakia
In 2022, approx. 7.8K tons of aluminium wires were imported into Slovakia; picking up by 26% compared with 2021. Over the period under review, imports showed a relatively flat trend pattern.
In value terms, aluminium wire imports rose slightly to $19M in 2022. In general, imports, however, saw a pronounced decline.
| Import of Aluminium Wire in Slovakia (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Hungary | 10.2 | 8.7 | 7.6 | 4.6 | -23.3% |
| Spain | 4.0 | 4.2 | 5.2 | 4.1 | 0.8% |
| Poland | 1.0 | 2.3 | 1.3 | 3.4 | 50.4% |
| Netherlands | 0.2 | 0.3 | 0.4 | 1.3 | 86.6% |
| Turkey | N/A | N/A | N/A | 1.2 | 0% |
| Slovenia | 0.1 | 0.1 | N/A | 0.8 | 100.0% |
| Czech Republic | 0.8 | 0.6 | 0.6 | 0.7 | -4.4% |
| Romania | 1.2 | N/A | 0.1 | 0.6 | -20.6% |
| Italy | 1.4 | 1.3 | 1.0 | 0.4 | -34.1% |
| Austria | 0.6 | 0.7 | 0.1 | 0.1 | -45.0% |
| Others | 1.3 | 2.1 | 2.3 | 2.3 | 20.9% |
| Total | 20.7 | 20.2 | 18.5 | 19.3 | -2.3% |
Top Suppliers of Aluminium Wire to Slovakia in 2022:
- Hungary (1981.6 tons)
- Spain (1602.4 tons)
- Poland (1473.8 tons)
- Netherlands (556.9 tons)
- Turkey (453.1 tons)
- Slovenia (427.0 tons)
- Romania (299.3 tons)
- Czech Republic (188.4 tons)
- Italy (82.3 tons)
- Austria (17.0 tons)
Aluminium Wire Exports in Slovakia
Aluminium wire exports from Slovakia shrank to 3.3K tons in 2022, remaining relatively unchanged against the previous year. In general, exports showed a mild descent. The growth pace was the most rapid in 2021 when exports increased by 2.2%.
In value terms, aluminium wire exports reduced sharply to $12M in 2022. Overall, total exports indicated a buoyant increase from 2019 to 2022: its value increased at an average annual rate of +6.2% 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 +22.6% against 2020 indices. The pace of growth was the most pronounced in 2021 with an increase of 45% against the previous year. As a result, the exports attained the peak of $14M, and then declined notably in the following year.
| Export of Aluminium Wire in Slovakia (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Poland | 1.7 | 1.4 | 3.2 | 3.6 | 28.4% |
| Italy | 1.3 | 1.3 | 2.8 | 1.7 | 9.4% |
| Czech Republic | 1.7 | 1.5 | 1.8 | 1.6 | -2.0% |
| Hungary | 1.1 | 0.4 | 1.1 | 1.5 | 10.9% |
| Spain | 0.9 | 1.1 | 1.1 | 1.1 | 6.9% |
| Germany | 1.0 | 0.7 | 0.9 | 0.9 | -3.5% |
| Croatia | 0.5 | 0.6 | 1.3 | 0.6 | 6.3% |
| Austria | 0.5 | 1.5 | 0.9 | 0.2 | -26.3% |
| Others | 1.4 | 1.2 | 1.1 | 0.5 | -29.1% |
| Total | 10.0 | 9.7 | 14.1 | 11.9 | 6.0% |
Top Export Markets for Aluminium Wire from Slovakia in 2022:
- Poland (876.9 tons)
- Czech Republic (681.0 tons)
- Italy (484.7 tons)
- Hungary (389.3 tons)
- Spain (269.7 tons)
- Germany (232.7 tons)
- Croatia (140.3 tons)
- Austria (51.5 tons)
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