Price for Aluminium; Alloys, Bars, Rods and Profiles, Other than Hollow in Ethiopia - 2022
Contents:
- Price for Aluminium; Alloys, Bars, Rods and Profiles, Other than Hollow in Ethiopia (CIF) - 2022
- Price for Aluminium; Alloys, Bars, Rods and Profiles, Other than Hollow in Ethiopia (FOB) - 2022
- Imports of Aluminium; Alloys, Bars, Rods and Profiles, Other than Hollow in Ethiopia
- Exports of Aluminium; Alloys, Bars, Rods and Profiles, Other than Hollow in Ethiopia
Price for Aluminium; Alloys, Bars, Rods and Profiles, Other than Hollow in Ethiopia (CIF) - 2022
In 2022, the average import price for aluminium; alloys, bars, rods and profiles, other than hollows amounted to $3,470 per ton, dropping by -5.7% against the previous year. Over the period under review, the import price saw a relatively flat trend pattern. The growth pace was the most rapid in 2021 an increase of 9.2%. As a result, import price attained the peak level of $3,678 per ton, and then declined in the following year.
Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Italy ($6,020 per ton), while the price for Bahrain ($2,550 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by the United Arab Emirates (+2.7%), while the prices for the other major suppliers experienced mixed trend patterns.
Price for Aluminium; Alloys, Bars, Rods and Profiles, Other than Hollow in Ethiopia (FOB) - 2022
The average export price for aluminium; alloys, bars, rods and profiles, other than hollows stood at $5,294 per ton in 2022, remaining relatively unchanged against the previous year. In general, export price indicated measured growth from 2012 to 2022: its price increased at an average annual rate of +3.8% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, export price for aluminium; alloys, bars, rods and profiles, other than hollows decreased by -8.1% against 2020 indices. The most prominent rate of growth was recorded in 2014 an increase of 61%. The export price peaked at $5,760 per ton in 2020; however, from 2021 to 2022, the export prices failed to regain momentum.
There were significant differences in the average prices for the major overseas markets. In 2022, amid the top suppliers, the country with the highest price was the UK ($10,000 per ton), while the average price for exports to China ($5,312 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to the UK (+7.9%), 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 Ethiopia
In 2022, purchases abroad of aluminium; alloys, bars, rods and profiles, other than hollows decreased by -10.8% to 2.9K tons, falling for the second consecutive year after two years of growth. Overall, imports saw a abrupt setback. The growth pace was the most rapid in 2020 when imports increased by 6.5%. As a result, imports attained the peak of 4.2K tons. From 2021 to 2022, the growth of imports of remained at a lower figure.
In value terms, imports of aluminium; alloys, bars, rods and profiles, other than hollows contracted markedly to $10M in 2022. Over the period under review, imports continue to indicate a deep downturn. The pace of growth appeared the most rapid in 2020 when imports increased by 8.9% against the previous year. As a result, imports attained the peak of $14M. From 2021 to 2022, the growth of imports of remained at a lower figure.
| Import of Aluminium; Alloys, Bars, Rods and Profiles, Other than Hollow in Ethiopia (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| China | 9.5 | 9.9 | 6.7 | 6.4 | -12.3% |
| Bahrain | 1.7 | 2.0 | 2.4 | 2.1 | 7.3% |
| Italy | 0.4 | 1.0 | 0.8 | 0.5 | 7.7% |
| United Arab Emirates | 0.3 | 0.5 | 1.6 | 0.4 | 10.1% |
| Turkey | 0.4 | 0.1 | 0.1 | 0.3 | -9.1% |
| Oman | 0.1 | 0.2 | 0.3 | 0.2 | 26.0% |
| Others | 0.3 | 0.4 | 0.3 | 0.2 | -12.6% |
| Total | 12.9 | 14.1 | 12.0 | 10.1 | -7.8% |
Top Suppliers of Aluminium; Alloys, Bars, Rods and Profiles, Other than Hollow to Ethiopia in 2022:
- China (1704.9 tons)
- Bahrain (841.2 tons)
- Turkey (96.6 tons)
- United Arab Emirates (77.4 tons)
- Italy (77.3 tons)
- Oman (76.9 tons)
Exports of Aluminium; Alloys, Bars, Rods and Profiles, Other than Hollow in Ethiopia
For the third consecutive year, Ethiopia recorded decline in overseas shipments of aluminium; alloys, bars, rods and profiles, other than hollows, which decreased by -83.1% to 3.9 tons in 2022. Over the period under review, exports saw a significant decrease. The smallest decline of -44.9% was in 2021.
In value terms, exports of aluminium; alloys, bars, rods and profiles, other than hollows shrank sharply to $21K in 2022. Overall, exports recorded a sharp shrinkage. The smallest decline of -49.9% was in 2021.
| Export of Aluminium; Alloys, Bars, Rods and Profiles, Other than Hollow in Ethiopia (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| China | 638 | 207 | 115 | 19.5 | -68.7% |
| Israel | N/A | N/A | N/A | 1.1 | 0% |
| United Kingdom | 1.6 | 26.3 | 6.2 | N/A | 96.9% |
| Italy | 59.2 | N/A | N/A | N/A | 0% |
| Others | 0.1 | 8.6 | N/A | N/A | 8500.0% |
| Total | 699 | 242 | 121 | 20.7 | -69.1% |
Top Export Markets for Aluminium; Alloys, Bars, Rods and Profiles, Other than Hollow from Ethiopia in 2022:
- China (3680.0 kg)
- Israel (198.0 kg)
- United Kingdom (2.0 kg)
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