Price for Aluminium; Alloys, Bars, Rods and Profiles, Other than Hollow in Australia - 2024
Contents:
- Price for Aluminium; Alloys, Bars, Rods and Profiles, Other than Hollow in Australia (CIF) - 2024
- Price for Aluminium; Alloys, Bars, Rods and Profiles, Other than Hollow in Australia (FOB) - 2024
- Imports of Aluminium; Alloys, Bars, Rods and Profiles, Other than Hollow in Australia
- Exports of Aluminium; Alloys, Bars, Rods and Profiles, Other than Hollow in Australia
Price for Aluminium; Alloys, Bars, Rods and Profiles, Other than Hollow in Australia (CIF) - 2024
The average import price for aluminium; alloys, bars, rods and profiles, other than hollows stood at $4,382 per ton in December 2023, with an increase of 10% against the previous month. Overall, the import price, however, continues to indicate a relatively flat trend pattern. The import price peaked at $4,496 per ton in February 2023; however, from March 2023 to December 2023, import prices stood at a somewhat lower figure.
There were significant differences in the average prices amongst the major supplying countries. In December 2023, the country with the highest price was the Netherlands ($5,826 per ton), while the price for New Zealand ($3,638 per ton) was amongst the lowest.
From January 2023 to December 2023, the most notable rate of growth in terms of prices was attained by New Zealand (+0.5%), while the prices for the other major suppliers experienced mixed trend patterns.
Price for Aluminium; Alloys, Bars, Rods and Profiles, Other than Hollow in Australia (FOB) - 2024
In December 2023, the average export price for aluminium; alloys, bars, rods and profiles, other than hollows amounted to $5,608 per ton, approximately mirroring the previous month. Overall, the export price, however, continues to indicate a pronounced contraction. The pace of growth appeared the most rapid in October 2023 when the average export price increased by 156% m-o-m. As a result, the export price reached the peak level of $13,423 per ton. From November 2023 to December 2023, the the average export prices remained at a somewhat lower figure.
There were significant differences in the average prices for the major export markets. In December 2023, the country with the highest price was Papua New Guinea ($20,952 per ton), while the average price for exports to China ($2,311 per ton) was amongst the lowest.
From January 2023 to December 2023, the most notable rate of growth in terms of prices was recorded for supplies to India (+125.2%), while the prices for the other major destinations experienced more modest paces of growth.
Imports of Aluminium; Alloys, Bars, Rods and Profiles, Other than Hollow in Australia
In 2022, approx. 48K tons of aluminium; alloys, bars, rods and profiles, other than hollows were imported into Australia; with a decrease of -14.4% compared with 2021 figures. In general, imports continue to indicate a noticeable decrease. The most prominent rate of growth was recorded in 2021 with an increase of 15% against the previous year. As a result, imports attained the peak of 56K tons, and then dropped in the following year.
In value terms, imports of aluminium; alloys, bars, rods and profiles, other than hollows amounted to $230M in 2022. Overall, total imports indicated a strong expansion from 2019 to 2022: its value increased at an average annual rate of +9.7% 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 +41.7% against 2020 indices. The pace of growth appeared the most rapid in 2021 with an increase of 39% against the previous year. Imports peaked in 2022 and are expected to retain growth in years to come.
| Import of Aluminium; Alloys, Bars, Rods and Profiles, Other than Hollow in Australia (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| China | 103 | 92.5 | 129 | 127 | 7.2% |
| Indonesia | 8.6 | 11.6 | 24.1 | 27.9 | 48.0% |
| Malaysia | 30.5 | 25.1 | 28.7 | 25.9 | -5.3% |
| New Zealand | 5.2 | 5.1 | 10.0 | 9.4 | 21.8% |
| Thailand | 4.2 | 6.2 | 7.3 | 9.1 | 29.4% |
| Vietnam | 6.1 | 7.0 | 8.8 | 9.0 | 13.8% |
| United States | 3.3 | 3.4 | 2.5 | 4.9 | 14.1% |
| Others | 13.2 | 11.5 | 15.9 | 17.3 | 9.4% |
| Total | 174 | 162 | 226 | 230 | 9.7% |
Top Suppliers of Aluminium; Alloys, Bars, Rods and Profiles, Other than Hollow to Australia in 2022:
- China (26.1K tons)
- Indonesia (6.1K tons)
- Malaysia (5.2K tons)
- New Zealand (2.5K tons)
- Vietnam (2.0K tons)
- Thailand (1.9K tons)
- United States (0.8K tons)
Exports of Aluminium; Alloys, Bars, Rods and Profiles, Other than Hollow in Australia
In 2022, exports of aluminium; alloys, bars, rods and profiles, other than hollows from Australia stood at 531 tons, rising by 2.8% on 2021. Over the period under review, exports, however, saw a abrupt curtailment. The most prominent rate of growth was recorded in 2021 with an increase of 24% against the previous year.
In value terms, exports of aluminium; alloys, bars, rods and profiles, other than hollows soared to $3.4M in 2022. In general, exports, however, saw a deep downturn.
| Export of Aluminium; Alloys, Bars, Rods and Profiles, Other than Hollow in Australia (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| New Zealand | 483 | 224 | 846 | 1,879 | 57.3% |
| United States | 1,984 | 998 | 484 | 454 | -38.8% |
| Singapore | 47.8 | 534 | 83.0 | 188 | 57.8% |
| Vietnam | 564 | 49.3 | 98.5 | 131 | -38.5% |
| Thailand | 49.6 | 7.8 | 49.0 | 111 | 30.8% |
| United Kingdom | 28.8 | N/A | 267 | 98.5 | 50.7% |
| Japan | 0.6 | 2.5 | 2.1 | 89.8 | 430.9% |
| Papua New Guinea | 137 | 73.2 | 96.9 | 69.7 | -20.2% |
| Philippines | 1,258 | 195 | 5.9 | 57.5 | -64.2% |
| Bangladesh | 152 | N/A | N/A | 45.0 | -33.4% |
| China | 59.3 | N/A | N/A | 27.4 | -22.7% |
| South Korea | 143 | N/A | 0.2 | N/A | -96.3% |
| Others | 318 | 677 | 732 | 236 | -9.5% |
| Total | 5,226 | 2,760 | 2,665 | 3,388 | -13.5% |
Top Export Markets for Aluminium; Alloys, Bars, Rods and Profiles, Other than Hollow from Australia in 2022:
- New Zealand (319.8 tons)
- United States (48.9 tons)
- Vietnam (37.8 tons)
- Japan (23.8 tons)
- United Kingdom (20.3 tons)
- Singapore (15.3 tons)
- Thailand (12.2 tons)
- Bangladesh (9.4 tons)
- China (9.1 tons)
- Papua New Guinea (8.5 tons)
- Philippines (5.6 tons)
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