Price for Aluminium; Alloys, Bars, Rods and Profiles, Other than Hollow in Canada - 2024
Contents:
- Price for Aluminium; Alloys, Bars, Rods and Profiles, Other than Hollow in Canada (CIF) - 2024
- Price for Aluminium; Alloys, Bars, Rods and Profiles, Other than Hollow in Canada (FOB) - 2024
- Imports of Aluminium; Alloys, Bars, Rods and Profiles, Other than Hollow in Canada
- Exports of Aluminium; Alloys, Bars, Rods and Profiles, Other than Hollow in Canada
Price for Aluminium; Alloys, Bars, Rods and Profiles, Other than Hollow in Canada (CIF) - 2024
The average import price for aluminium; alloys, bars, rods and profiles, other than hollows stood at $5,641 per ton in December 2023, growing by 5.9% against the previous month. Overall, the import price, however, showed a relatively flat trend pattern. Over the period under review, average import prices attained the peak figure at $6,024 per ton in March 2023; however, from April 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 United States ($6,907 per ton), while the price for Qatar ($2,969 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 Vietnam (+0.6%), while the prices for the other major suppliers experienced mixed trend patterns.
Price for Aluminium; Alloys, Bars, Rods and Profiles, Other than Hollow in Canada (FOB) - 2024
In December 2023, the average export price for aluminium; alloys, bars, rods and profiles, other than hollows amounted to $6,409 per ton, reducing by -3.2% against the previous month. Overall, the export price recorded a relatively flat trend pattern. The pace of growth appeared the most rapid in November 2023 an increase of 4.5% m-o-m. The export price peaked at $6,924 per ton in January 2023; however, from February 2023 to December 2023, the export prices stood at a somewhat lower figure.
As there is only one major export destination, the average price level is determined by prices for the United States.
From January 2023 to December 2023, the rate of growth in terms of prices for the United States amounted to -0.7% per month.
Imports of Aluminium; Alloys, Bars, Rods and Profiles, Other than Hollow in Canada
In 2022, imports of aluminium; alloys, bars, rods and profiles, other than hollows into Canada rose notably to 80K tons, picking up by 5.9% on 2021 figures. The total import volume increased at an average annual rate of +9.9% over the period from 2019 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The pace of growth was the most pronounced in 2021 with an increase of 26% against the previous year. Imports peaked in 2022 and are expected to retain growth in the near future.
In value terms, imports of aluminium; alloys, bars, rods and profiles, other than hollows soared to $467M in 2022. In general, imports enjoyed prominent growth. The most prominent rate of growth was recorded in 2021 when imports increased by 43%. Imports peaked in 2022 and are likely to see gradual growth in the near future.
| Import of Aluminium; Alloys, Bars, Rods and Profiles, Other than Hollow in Canada (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| United States | 150 | 125 | 159 | 200 | 10.1% |
| China | 14.3 | 18.1 | 33.7 | 52.8 | 54.6% |
| Malaysia | 18.7 | 20.2 | 31.5 | 47.1 | 36.1% |
| Vietnam | 17.4 | 15.6 | 24.1 | 37.7 | 29.4% |
| Turkey | 11.6 | 14.3 | 21.3 | 28.3 | 34.6% |
| Indonesia | 7.7 | 8.8 | 13.0 | 16.3 | 28.4% |
| Qatar | 3.5 | 3.8 | 10.5 | 12.3 | 52.0% |
| United Arab Emirates | 2.1 | 3.1 | 4.8 | 10.2 | 69.4% |
| Taiwan (Chinese) | 3.6 | 3.0 | 4.4 | 7.0 | 24.8% |
| India | 4.0 | 2.0 | 4.9 | 5.6 | 11.9% |
| Thailand | 7.3 | 3.0 | 4.9 | 3.2 | -24.0% |
| Others | 36.6 | 29.5 | 39.2 | 45.6 | 7.6% |
| Total | 277 | 246 | 351 | 467 | 19.0% |
Top Suppliers of Aluminium; Alloys, Bars, Rods and Profiles, Other than Hollow to Canada in 2022:
- United States (28.4K tons)
- China (11.5K tons)
- Vietnam (9.1K tons)
- Malaysia (8.8K tons)
- Turkey (4.3K tons)
- Indonesia (3.3K tons)
- Qatar (3.2K tons)
- United Arab Emirates (2.1K tons)
- Taiwan (Chinese) (1.3K tons)
- India (1.1K tons)
- Thailand (0.7K tons)
Exports of Aluminium; Alloys, Bars, Rods and Profiles, Other than Hollow in Canada
In 2022, the amount of aluminium; alloys, bars, rods and profiles, other than hollows exported from Canada dropped to 49K tons, waning by -6.6% compared with 2021 figures. The total export volume increased at an average annual rate of +6.6% from 2019 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The most prominent rate of growth was recorded in 2021 with an increase of 38%. As a result, the exports attained the peak of 52K tons, and then contracted in the following year.
In value terms, exports of aluminium; alloys, bars, rods and profiles, other than hollows surged to $350M in 2022. In general, total exports indicated a strong expansion from 2019 to 2022: its value 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 increased by +85.0% against 2020 indices. The most prominent rate of growth was recorded in 2021 when exports increased by 55% against the previous year. The exports peaked in 2022 and are likely to continue growth in the near future.
| Export of Aluminium; Alloys, Bars, Rods and Profiles, Other than Hollow in Canada (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| United States | 209 | 187 | 290 | 348 | 18.5% |
| Others | 3.4 | 2.0 | 2.8 | 2.3 | -12.2% |
| Total | 213 | 189 | 293 | 350 | 18.0% |
Top Export Markets for Aluminium; Alloys, Bars, Rods and Profiles, Other than Hollow from Canada in 2022:
- United States (48.3K tons)
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