Price for Aluminium; Alloys, Wire, Maximum Cross-Sectional Dimension Exceeding 7mm in Israel - 2023
Contents:
- Price for Aluminium; Alloys, Wire, Maximum Cross-Sectional Dimension Exceeding 7mm in Israel (CIF) - 2022
- Imports of Aluminium; Alloys, Wire, Maximum Cross-Sectional Dimension Exceeding 7mm in Israel
Price for Aluminium; Alloys, Wire, Maximum Cross-Sectional Dimension Exceeding 7mm in Israel (CIF) - 2022
The average import price for aluminium; alloys, wire, maximum cross-sectional dimension exceeding 7mms stood at $5,121 per ton in 2022, picking up by 38% against the previous year. In general, import price indicated a moderate expansion 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, import price for aluminium; alloys, wire, maximum cross-sectional dimension exceeding 7mms increased by +68.1% against 2020 indices. The pace of growth was the most pronounced in 2016 when the average import price increased by 40%. Over the period under review, average import prices hit record highs in 2022 and is expected to retain growth in the near future.
Average prices varied noticeably amongst the major supplying countries. In 2022, amid the top importers, the countries with the highest prices were Russia ($5,121 per ton) and India ($5,121 per ton), while the price for China ($5,121 per ton) and South Korea ($5,121 per ton) were amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Russia (+12.3%), while the prices for the other major suppliers experienced more modest paces of growth.
Imports of Aluminium; Alloys, Wire, Maximum Cross-Sectional Dimension Exceeding 7mm in Israel
In 2022, after three years of growth, there was significant decline in supplies from abroad of aluminium; alloys, wire, maximum cross-sectional dimension exceeding 7mms, when their volume decreased by -85.5% to 207 tons. Overall, imports showed a precipitous decrease. The pace of growth was the most pronounced in 2021 with an increase of 109% against the previous year. As a result, imports attained the peak of 1.4K tons, and then reduced rapidly in the following year.
In value terms, imports of aluminium; alloys, wire, maximum cross-sectional dimension exceeding 7mms declined markedly to $1.1M in 2022. In general, imports continue to indicate a deep reduction. The most prominent rate of growth was recorded in 2021 when imports increased by 155% against the previous year. As a result, imports attained the peak of $5.3M, and then fell dramatically in the following year.
| Import of Aluminium; Alloys, Wire, Maximum Cross-Sectional Dimension Exceeding 7mm in Israel (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| China | 203 | 34.0 | 830 | 551 | 39.5% |
| Russia | 1,368 | 1,305 | 3,464 | 260 | -42.5% |
| Spain | N/A | N/A | 54.0 | 111 | 105.6% |
| India | 203 | N/A | 960 | 75.0 | -28.2% |
| South Korea | N/A | N/A | N/A | 59.0 | 0% |
| United States | N/A | 330 | N/A | 4.0 | -89.0% |
| Switzerland | 240 | N/A | N/A | N/A | 0% |
| Turkey | N/A | 412 | N/A | N/A | 0% |
| Others | N/A | N/A | N/A | N/A | 0% |
| Total | 2,014 | 2,081 | 5,308 | 1,060 | -19.3% |
Top Suppliers of Aluminium; Alloys, Wire, Maximum Cross-Sectional Dimension Exceeding 7mm to Israel in 2022:
- China (107.6 tons)
- Russia (50.8 tons)
- Spain (21.7 tons)
- India (14.6 tons)
- South Korea (11.5 tons)
- United States (0.8 tons)
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