Price for Aluminium; Alloys, Wire, Maximum Cross-Sectional Dimension Exceeding 7mm in Turkey - 2023

Contents:

1. Price for Aluminium; Alloys, Wire, Maximum Cross-Sectional Dimension Exceeding 7mm in Turkey (CIF) - 2023
2. Price for Aluminium; Alloys, Wire, Maximum Cross-Sectional Dimension Exceeding 7mm in Turkey (FOB) - 2023
3. Imports of Aluminium; Alloys, Wire, Maximum Cross-Sectional Dimension Exceeding 7mm in Turkey
4. Exports of Aluminium; Alloys, Wire, Maximum Cross-Sectional Dimension Exceeding 7mm in Turkey

Price for Aluminium; Alloys, Wire, Maximum Cross-Sectional Dimension Exceeding 7mm in Turkey (CIF) - 2023

The average import price for aluminium; alloys, wire, maximum cross-sectional dimension exceeding 7mms stood at $3,425 per ton in November 2023, declining by -3.9% against the previous month. Over the period under review, the import price continues to indicate a mild contraction. The pace of growth was the most pronounced in June 2023 when the average import price increased by 10% against the previous month. The import price peaked at $4,139 per ton in February 2023; however, from March 2023 to November 2023, import prices stood at a somewhat lower figure.

Average prices varied somewhat amongst the major supplying countries. In November 2023, the highest price was recorded for prices from the Netherlands ($4,135 per ton) and Spain ($3,869 per ton), while the price for the United Arab Emirates ($2,777 per ton) and Malaysia ($2,832 per ton) were amongst the lowest.

From December 2022 to November 2023, the most notable rate of growth in terms of prices was attained by Spain (+1.7%), while the prices for the other major suppliers experienced a decline.

Price for Aluminium; Alloys, Wire, Maximum Cross-Sectional Dimension Exceeding 7mm in Turkey (FOB) - 2023

The average export price for aluminium; alloys, wire, maximum cross-sectional dimension exceeding 7mms stood at $5,762 per ton in November 2023, shrinking by -1.8% against the previous month. Overall, export price indicated a perceptible expansion from December 2022 to November 2023: its price increased at an average monthly rate of +3.9% over the last eleven months. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on November 2023 figures, export price for aluminium; alloys, wire, maximum cross-sectional dimension exceeding 7mms increased by +65.4% against July 2023 indices. The growth pace was the most rapid in January 2023 an increase of 55% month-to-month. The export price peaked at $5,869 per ton in October 2023, and then shrank slightly in the following month.

Average prices varied somewhat for the major overseas markets. In November 2023, the countries with the highest prices were Poland ($6,717 per ton) and Tunisia ($6,489 per ton), while the average price for exports to Algeria ($4,684 per ton) and Italy ($5,459 per ton) were amongst the lowest.

From December 2022 to November 2023, the most notable rate of growth in terms of prices was recorded for supplies to Tunisia (+6.3%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Aluminium; Alloys, Wire, Maximum Cross-Sectional Dimension Exceeding 7mm in Turkey

For the fourth year in a row, Turkey recorded growth in purchases abroad of aluminium; alloys, wire, maximum cross-sectional dimension exceeding 7mms, which increased by 11% to 4.7K tons in 2022. In general, total imports indicated a prominent increase from 2019 to 2022: its volume increased at an average annual rate of +13.9% 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 +47.8% against 2019 indices. The pace of growth appeared the most rapid in 2021 when imports increased by 20% against the previous year. Over the period under review, imports of reached the maximum in 2022 and are expected to retain growth in the near future.

In value terms, imports of aluminium; alloys, wire, maximum cross-sectional dimension exceeding 7mms surged to $22M in 2022. Over the period under review, imports enjoyed a significant expansion. The pace of growth appeared the most rapid in 2021 with an increase of 52% against the previous year. Imports peaked in 2022 and are likely to continue growth in the near future.

Top Suppliers of Aluminium; Alloys, Wire, Maximum Cross-Sectional Dimension Exceeding 7mm to Turkey in 2022:

1. Netherlands (1213.3 tons)
2. China (1137.2 tons)
3. Malaysia (931.3 tons)
4. Spain (859.3 tons)
5. United Kingdom (460.1 tons)
6. France (52.3 tons)

Exports of Aluminium; Alloys, Wire, Maximum Cross-Sectional Dimension Exceeding 7mm in Turkey

In 2022, shipments abroad of aluminium; alloys, wire, maximum cross-sectional dimension exceeding 7mms decreased by -42% to 814 tons, falling for the second year in a row after two years of growth. Overall, exports continue to indicate a abrupt curtailment. The most prominent rate of growth was recorded in 2020 with an increase of 5.7%. As a result, the exports attained the peak of 1.5K tons. From 2021 to 2022, the growth of the exports of failed to regain momentum.

In value terms, exports of aluminium; alloys, wire, maximum cross-sectional dimension exceeding 7mms contracted dramatically to $3.9M in 2022. The total export value increased at an average annual rate of +1.9% over the period from 2019 to 2022; however, the trend pattern remained relatively stable, with only minor fluctuations in certain years. The most prominent rate of growth was recorded in 2021 with an increase of 13% against the previous year. As a result, the exports attained the peak of $4.7M, and then dropped markedly in the following year.

Top Export Markets for Aluminium; Alloys, Wire, Maximum Cross-Sectional Dimension Exceeding 7mm from Turkey in 2022:

1. Tunisia (326.6 tons)
2. Slovakia (124.6 tons)
3. Iran (82.0 tons)
4. Italy (78.3 tons)
5. Ukraine (40.5 tons)
6. Azerbaijan (29.2 tons)
7. Uzbekistan (25.1 tons)
8. France (1.4 tons)

Source: IndexBox Market Intelligence Platform