Price for Aluminium; Alloys, Hollow Profiles in the United States - 2023
Contents:
- Price for Aluminium; Alloys, Hollow Profiles in the United States (CIF) - 2023
- Price for Aluminium; Alloys, Hollow Profiles in the United States (FOB) - 2023
- Imports of Aluminium; Alloys, Hollow Profiles in the United States
- Exports of Aluminium; Alloys, Hollow Profiles in the United States
Price for Aluminium; Alloys, Hollow Profiles in the United States (CIF) - 2023
In July 2023, the average aluminium; alloys, hollow profiles import price amounted to $4,939 per ton, dropping by -1.8% against the previous month. In general, the import price saw a mild shrinkage. The most prominent rate of growth was recorded in January 2023 when the average import price increased by 3% against the previous month. Over the period under review, average import prices reached the peak figure at $5,604 per ton in July 2022; however, from August 2022 to July 2023, import prices stood at a somewhat lower figure.
Prices varied noticeably by the country of origin: the country with the highest price was Germany ($6,076 per ton), while the price for Vietnam ($3,736 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 the Dominican Republic (+0.1%), while the prices for the other major suppliers experienced a decline.
Price for Aluminium; Alloys, Hollow Profiles in the United States (FOB) - 2023
In July 2023, the average aluminium; alloys, hollow profiles export price amounted to $7,365 per ton, growing by 4% against the previous month. Over the period under review, the export price saw a relatively flat trend pattern. The pace of growth was the most pronounced in November 2022 when the average export price increased by 11% against the previous month. Over the period under review, the average export prices attained the peak figure in July 2023.
There were significant differences in the average prices for the major foreign markets. In July 2023, the country with the highest price was South Korea ($13,738 per ton), while the average price for exports to Vietnam ($3,611 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 Mexico (+0.8%), while the prices for the other major destinations experienced mixed trend patterns.
Imports of Aluminium; Alloys, Hollow Profiles in the United States
In 2022, after three years of growth, there was significant decline in supplies from abroad of aluminium; alloys, hollow profileses, when their volume decreased by -17.5% to 131K tons. Over the period under review, total imports indicated a prominent expansion from 2019 to 2022: its volume increased at an average annual rate of +12.2% 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 +41.1% against 2019 indices. The growth pace was the most rapid in 2021 when imports increased by 53% against the previous year. As a result, imports attained the peak of 159K tons, and then contracted markedly in the following year.
In value terms, aluminium; alloys, hollow profiles imports declined sharply to $529M in 2022. Overall, imports, however, recorded a prominent increase. The most prominent rate of growth was recorded in 2021 when imports increased by 78%. As a result, imports attained the peak of $678M, and then shrank sharply in the following year.
| Import of Aluminium; Alloys, Hollow Profiles in the United States (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Canada | 125 | 159 | 224 | 149 | 6.0% |
| Vietnam | 41.1 | 41.1 | 83.7 | 70.7 | 19.8% |
| Mexico | 35.9 | 25.6 | 55.8 | 65.2 | 22.0% |
| Turkey | 13.7 | 13.4 | 41.7 | 42.6 | 46.0% |
| Indonesia | 27.6 | 18.8 | 42.8 | 30.4 | 3.3% |
| Ecuador | 12.6 | 16.0 | 24.5 | 22.2 | 20.8% |
| India | 12.4 | 5.8 | 13.0 | 16.7 | 10.4% |
| Dominican Republic | 21.2 | 5.3 | 27.4 | 16.2 | -8.6% |
| Italy | 9.8 | 9.1 | 11.5 | 13.8 | 12.1% |
| Germany | 18.2 | 14.8 | 17.7 | 11.6 | -13.9% |
| Colombia | 1.1 | 4.4 | 14.2 | 11.5 | 118.7% |
| Thailand | 2.7 | 5.5 | 9.0 | 7.3 | 39.3% |
| Malaysia | 6.0 | 6.8 | 7.3 | 6.7 | 3.7% |
| Others | 53.2 | 54.5 | 105 | 65.4 | 7.1% |
| Total | 380 | 381 | 678 | 529 | 11.7% |
Top Suppliers of Aluminium; Alloys, Hollow Profiles to the United States in 2022:
- Canada (34.3K tons)
- Vietnam (22.2K tons)
- Mexico (16.2K tons)
- Turkey (10.0K tons)
- Indonesia (9.4K tons)
- Ecuador (6.2K tons)
- Dominican Republic (4.4K tons)
- India (4.0K tons)
- Italy (3.3K tons)
- Colombia (2.5K tons)
- Thailand (2.1K tons)
- Malaysia (1.9K tons)
- Germany (1.8K tons)
Exports of Aluminium; Alloys, Hollow Profiles in the United States
In 2022, approx. 15K tons of aluminium; alloys, hollow profileses were exported from the United States; which is down by -9.2% compared with the previous year. Over the period under review, exports continue to indicate a perceptible descent. The pace of growth appeared the most rapid in 2021 with an increase of 21% against the previous year. As a result, the exports reached the peak of 17K tons, and then fell in the following year.
In value terms, aluminium; alloys, hollow profiles exports contracted to $88M in 2022. In general, exports, however, continue to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in 2021 with an increase of 38% against the previous year. As a result, the exports attained the peak of $102M, and then contracted in the following year.
| Export of Aluminium; Alloys, Hollow Profiles in the United States (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Canada | 41.0 | 39.0 | 57.0 | 44.8 | 3.0% |
| Mexico | 38.8 | 25.0 | 32.1 | 29.7 | -8.5% |
| Others | 7.5 | 10.0 | 13.1 | 13.5 | 21.6% |
| Total | 87.3 | 73.9 | 102 | 88.0 | 0.3% |
Top Export Markets for Aluminium; Alloys, Hollow Profiles from the United States in 2022:
- Canada (7.8K tons)
- Mexico (6.3K tons)
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