EU: Aluminium Alloy Wire Market 2024

Aluminium Alloy Wire Market Size in the EU

The EU aluminium alloy wire market was finally on the rise to reach $X in 2022, after three years of decline. Over the period under review, consumption, however, continues to indicate a noticeable downturn. Over the period under review, the market attained the peak level at $X in 2012; however, from 2013 to 2022, consumption stood at a somewhat lower figure.

Aluminium Alloy Wire Production in the EU

In value terms, aluminium alloy wire production reduced to $X in 2022 estimated in export price. Overall, production recorded a noticeable setback. The most prominent rate of growth was recorded in 2014 when the production volume increased by 12%. Over the period under review, production reached the maximum level at $X in 2012; however, from 2013 to 2022, production remained at a lower figure.

Aluminium Alloy Wire Exports

Exports in the EU

In 2022, overseas shipments of aluminium alloy wire increased by 3.4% to X tons, rising for the second year in a row after two years of decline. Over the period under review, exports continue to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in 2021 with an increase of 26% against the previous year. Over the period under review, the exports hit record highs in 2022 and are expected to retain growth in the near future.

In value terms, aluminium alloy wire exports soared to $X in 2022. The total export value increased at an average annual rate of +2.0% over the period from 2012 to 2022; the trend pattern indicated some noticeable fluctuations being recorded in certain years. The most prominent rate of growth was recorded in 2021 when exports increased by 38% against the previous year. Over the period under review, the exports attained the peak figure in 2022 and are expected to retain growth in the immediate term.

Exports by Country

Spain (X tons), France (X tons), Austria (X tons) and the Netherlands (X tons) represented roughly 67% of total exports in 2022. Hungary (X tons) ranks next in terms of the total exports with a 7.5% share, followed by Italy (7.1%), Belgium (5.7%), Poland (4.9%) and Germany (4.5%).

From 2012 to 2022, the biggest increases were recorded for Austria (with a CAGR of +39.2%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, the largest aluminium alloy wire supplying countries in the European Union were Spain ($X), France ($X) and Italy ($X), together comprising 56% of total exports. The Netherlands, Germany, Hungary, Belgium, Poland and Austria lagged somewhat behind, together comprising a further 40%.

Among the main exporting countries, Austria, with a CAGR of +24.0%, recorded the highest rates of growth with regard to the value of exports, over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

The export price in the European Union stood at $X per ton in 2022, picking up by 12% against the previous year. Over the last decade, it increased at an average annual rate of +1.3%. The growth pace was the most rapid in 2017 when the export price increased by 15% against the previous year. Over the period under review, the export prices reached the maximum in 2022 and is likely to see gradual growth in the near future.

There were significant differences in the average prices amongst the major exporting countries. In 2022, amid the top suppliers, the country with the highest price was Germany ($X per ton), while Austria ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Poland (+4.2%), while the other leaders experienced more modest paces of growth.

Aluminium Alloy Wire Imports

Imports in the EU

In 2022, overseas purchases of aluminium alloy wire increased by 23% to X tons for the first time since 2018, thus ending a three-year declining trend. Over the period under review, imports, however, continue to indicate a mild decline. The pace of growth was the most pronounced in 2013 with an increase of 25% against the previous year. The volume of import peaked at X tons in 2016; however, from 2017 to 2022, imports remained at a lower figure.

In value terms, aluminium alloy wire imports skyrocketed to $X in 2022. In general, imports showed a relatively flat trend pattern. Over the period under review, imports attained the maximum at $X in 2014; however, from 2015 to 2022, imports failed to regain momentum.

Imports by Country

The purchases of the six major importers of aluminium alloy wire, namely France, Germany, Finland, Italy, Spain and Austria, represented more than two-thirds of total import. The following importers - the Netherlands (X tons), the Czech Republic (X tons), Slovakia (X tons), Slovenia (X tons), Sweden (X tons) and Hungary (X tons) - together made up 18% of total imports.

From 2012 to 2022, the most notable rate of growth in terms of purchases, amongst the key importing countries, was attained by Finland (with a CAGR of +22.3%), while imports for the other leaders experienced more modest paces of growth.

In value terms, France ($X) constitutes the largest market for imported aluminium alloy wire in the European Union, comprising 28% of total imports. The second position in the ranking was taken by Germany ($X), with a 10% share of total imports. It was followed by Finland, with a 9.3% share.

From 2012 to 2022, the average annual rate of growth in terms of value in France stood at +17.6%. The remaining importing countries recorded the following average annual rates of imports growth: Germany (-10.6% per year) and Finland (+21.9% per year).

Import Prices by Country

The import price in the European Union stood at $X per ton in 2022, growing by 17% against the previous year. Import price indicated a tangible expansion from 2012 to 2022: its price increased at an average annual rate of +2.3% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, aluminium alloy wire import price increased by +40.7% against 2018 indices. The most prominent rate of growth was recorded in 2021 when the import price increased by 21%. Over the period under review, import prices hit record highs in 2022 and is likely to see gradual growth in the near future.

Prices varied noticeably by country of destination: amid the top importers, the country with the highest price was Hungary ($X per ton), while Germany ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Hungary (+14.3%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform