Price for Aluminium; Alloys, Bars, Rods and Profiles, Other than Hollow in Malaysia - 2024
Contents:
- Price for Aluminium; Alloys, Bars, Rods and Profiles, Other than Hollow in Malaysia (FOB) - 2024
- Price for Aluminium; Alloys, Bars, Rods and Profiles, Other than Hollow in Malaysia (CIF) - 2024
- Exports of Aluminium; Alloys, Bars, Rods and Profiles, Other than Hollow in Malaysia
- Imports of Aluminium; Alloys, Bars, Rods and Profiles, Other than Hollow in Malaysia
Price for Aluminium; Alloys, Bars, Rods and Profiles, Other than Hollow in Malaysia (FOB) - 2024
The average export price for aluminium; alloys, bars, rods and profiles, other than hollows stood at $3,555 per ton in December 2023, shrinking by -3.5% against the previous month. In general, the export price showed a perceptible shrinkage. The pace of growth was the most pronounced in November 2023 when the average export price increased by 3.7% m-o-m. Over the period under review, the average export prices reached the maximum at $4,635 per ton in January 2023; however, from February 2023 to December 2023, the export prices failed to regain momentum.
Prices varied noticeably by the country of destination: the country with the highest price was the United States ($4,843 per ton), while the average price for exports to the UK ($3,063 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 Taiwan (Chinese) (+0.4%), while the prices for the other major destinations experienced a decline.
Price for Aluminium; Alloys, Bars, Rods and Profiles, Other than Hollow in Malaysia (CIF) - 2024
The average import price for aluminium; alloys, bars, rods and profiles, other than hollows stood at $3,307 per ton in December 2023, waning by -4.2% against the previous month. Overall, the import price continues to indicate a perceptible shrinkage. The most prominent rate of growth was recorded in April 2023 when the average import price increased by 59% m-o-m. As a result, import price reached the peak level of $6,223 per ton. From May 2023 to December 2023, the average import prices remained at a lower figure.
Average prices varied noticeably amongst the major supplying countries. In December 2023, the country with the highest price was Vietnam ($3,520 per ton), while the price for China ($3,111 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 South Korea (-1.3%), while the prices for the other major suppliers experienced a decline.
Exports of Aluminium; Alloys, Bars, Rods and Profiles, Other than Hollow in Malaysia
In 2022, approx. 51K tons of aluminium; alloys, bars, rods and profiles, other than hollows were exported from Malaysia; which is down by -4.2% compared with the previous year's figure. Overall, exports recorded a relatively flat trend pattern. The pace of growth appeared the most rapid in 2021 when exports increased by 75% against the previous year. As a result, the exports attained the peak of 53K tons, and then contracted in the following year.
In value terms, exports of aluminium; alloys, bars, rods and profiles, other than hollows rose sharply to $223M in 2022. Over the period under review, exports, however, enjoyed a strong increase. The pace of growth was the most pronounced in 2021 when exports increased by 107% against the previous year. The exports peaked in 2022 and are expected to retain growth in the near future.
| Export of Aluminium; Alloys, Bars, Rods and Profiles, Other than Hollow in Malaysia (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Canada | 28.3 | 12.3 | 46.3 | 57.6 | 26.7% |
| Singapore | 30.8 | 24.3 | 30.3 | 46.7 | 14.9% |
| United States | 30.7 | 32.1 | 44.0 | 42.1 | 11.1% |
| Australia | 32.9 | 8.2 | 27.1 | 24.3 | -9.6% |
| United Kingdom | 4.2 | 1.5 | 3.5 | 13.8 | 48.7% |
| Taiwan (Chinese) | 5.4 | 5.3 | 7.6 | 9.5 | 20.7% |
| Spain | N/A | 0.1 | 14.5 | 7.3 | 754.4% |
| Others | 19.9 | 10.5 | 21.8 | 21.8 | 3.1% |
| Total | 152 | 94.3 | 195 | 223 | 13.6% |
Top Export Markets for Aluminium; Alloys, Bars, Rods and Profiles, Other than Hollow from Malaysia in 2022:
- Canada (12.1K tons)
- Singapore (11.3K tons)
- United States (8.9K tons)
- Australia (5.5K tons)
- United Kingdom (3.6K tons)
- Taiwan (Chinese) (2.4K tons)
- Spain (1.9K tons)
Imports of Aluminium; Alloys, Bars, Rods and Profiles, Other than Hollow in Malaysia
In 2022, the amount of aluminium; alloys, bars, rods and profiles, other than hollows imported into Malaysia dropped to 46K tons, with a decrease of -11.5% compared with the year before. In general, total imports indicated a buoyant expansion from 2019 to 2022: its volume increased at an average annual rate of +5.3% 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 +41.9% against 2020 indices. The pace of growth appeared the most rapid in 2021 with an increase of 60% against the previous year. As a result, imports attained the peak of 52K tons, and then fell in the following year.
In value terms, imports of aluminium; alloys, bars, rods and profiles, other than hollows totaled $196M in 2022. Overall, imports, however, posted a prominent increase. The pace of growth appeared the most rapid in 2021 when imports increased by 73% 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 Malaysia (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| China | 73.9 | 77.4 | 150 | 152 | 27.2% |
| South Korea | 19.9 | 10.3 | 17.0 | 18.1 | -3.1% |
| Singapore | 5.5 | 4.4 | 3.5 | 3.5 | -14.0% |
| Japan | 6.9 | 6.5 | 6.2 | 3.4 | -21.0% |
| Others | 16.0 | 11.4 | 13.3 | 18.6 | 5.1% |
| Total | 122 | 110 | 190 | 196 | 17.1% |
Top Suppliers of Aluminium; Alloys, Bars, Rods and Profiles, Other than Hollow to Malaysia in 2022:
- China (37.0K tons)
- South Korea (4.9K tons)
- Singapore (0.6K tons)
- Japan (0.5K tons)
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