Aluminium Wire Price in the United States - 2023
Contents:
- Aluminium Wire Price in the United States (CIF) - 2023
- Aluminium Wire Price in the United States (FOB) - 2022
- Aluminium Wire Imports in the United States
- Aluminium Wire Exports in the United States
Aluminium Wire Price in the United States (CIF) - 2023
The average aluminium wire import price stood at $3,124 per ton in August 2023, approximately equating the previous month. Overall, the import price showed a mild curtailment. The pace of growth was the most pronounced in November 2022 when the average import price increased by 5.3% m-o-m. The import price peaked at $3,573 per ton in August 2022; however, from September 2022 to August 2023, import prices stood at a somewhat lower figure.
Average prices varied noticeably amongst the major supplying countries. In August 2023, the country with the highest price was Canada ($3,148 per ton), while the price for Bahrain ($2,701 per ton) was amongst the lowest.
From August 2022 to August 2023, the most notable rate of growth in terms of prices was attained by Bahrain (-0.2%), while the prices for the other major suppliers experienced a decline.
Aluminium Wire Price in the United States (FOB) - 2022
In 2022, the average aluminium wire export price amounted to $4,653 per ton, falling by -7.3% against the previous year. Over the last decade, it increased at an average annual rate of +2.6%. The pace of growth appeared the most rapid in 2021 when the average export price increased by 18% against the previous year. As a result, the export price attained the peak level of $5,022 per ton, and then declined in the following year.
Average prices varied somewhat for the major overseas markets. In 2022, amid the top suppliers, the countries with the highest prices were China ($5,417 per ton) and Japan ($5,339 per ton), while the average price for exports to Spain ($3,781 per ton) and Italy ($4,153 per ton) were amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Mexico (+3.9%), while the prices for the other major destinations experienced more modest paces of growth.
Aluminium Wire Imports in the United States
After three years of growth, purchases abroad of aluminium wires decreased by -1.3% to 298K tons in 2022. The total import volume increased at an average annual rate of +5.1% over the period from 2019 to 2022; the trend pattern remained relatively stable, with only minor fluctuations being recorded in certain years. The most prominent rate of growth was recorded in 2020 with an increase of 15% against the previous year.
In value terms, aluminium wire imports dropped remarkably to $761M in 2022. Overall, total imports indicated a strong expansion from 2019 to 2022: its value increased at an average annual rate of +7.1% over the last three-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +22.9% against 2019 indices. The most prominent rate of growth was recorded in 2021 with an increase of 43% against the previous year. As a result, imports reached the peak of $897M, and then contracted dramatically in the following year.
| Import of Aluminium Wire in the United States (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Canada | 276 | 345 | 537 | 521 | 23.6% |
| India | 22.7 | 48.1 | 89.2 | 92.7 | 59.8% |
| Bahrain | 154 | 111 | 127 | 41.7 | -35.3% |
| Russia | 45.7 | 48.1 | 60.6 | 38.4 | -5.6% |
| Argentina | 17.7 | 21.7 | 24.1 | 25.2 | 12.5% |
| United Arab Emirates | 41.4 | 5.6 | 1.1 | N/A | -83.7% |
| Others | 61.9 | 46.0 | 57.0 | 42.5 | -11.8% |
| Total | 620 | 626 | 897 | 761 | 7.1% |
Top Suppliers of Aluminium Wire to the United States in 2022:
- Canada (192.0K tons)
- India (44.0K tons)
- Russia (20.8K tons)
- Bahrain (19.8K tons)
- Argentina (10.4K tons)
Aluminium Wire Exports in the United States
In 2022, exports of aluminium wires from the United States declined to 19K tons, waning by -5.6% compared with the year before. Overall, exports saw a abrupt downturn. The most prominent rate of growth was recorded in 2021 when exports increased by 13% against the previous year.
In value terms, aluminium wire exports reduced to $89M in 2022. Over the period under review, exports recorded a noticeable descent. The growth pace was the most rapid in 2021 with an increase of 33%.
| Export of Aluminium Wire in the United States (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Mexico | 30.8 | 20.6 | 25.3 | 21.2 | -11.7% |
| Canada | 16.8 | 16.4 | 21.9 | 19.5 | 5.1% |
| Czech Republic | 8.0 | 5.2 | 6.0 | 7.5 | -2.1% |
| China | 14.8 | 8.8 | 10.0 | 6.6 | -23.6% |
| Italy | 7.2 | 4.2 | 5.0 | 5.6 | -8.0% |
| El Salvador | 1.1 | 2.4 | 6.5 | 5.5 | 71.0% |
| Spain | 2.2 | 2.1 | 3.3 | 3.8 | 20.0% |
| Japan | 3.0 | 2.8 | 4.8 | 2.8 | -2.3% |
| Switzerland | 2.8 | 2.1 | 3.3 | 1.9 | -12.1% |
| Belgium | 2.8 | 3.4 | 3.9 | 1.8 | -13.7% |
| Others | 12.7 | 8.5 | 11.7 | 12.9 | 0.5% |
| Total | 102 | 76.3 | 102 | 89.1 | -4.4% |
Top Export Markets for Aluminium Wire from the United States in 2022:
- Mexico (4.9K tons)
- Canada (4.3K tons)
- Czech Republic (1.5K tons)
- Italy (1.3K tons)
- China (1.2K tons)
- El Salvador (1.1K tons)
- Spain (1.0K tons)
- Switzerland (0.5K tons)
- Japan (0.5K tons)
- Belgium (0.2K tons)
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