Close Lucintel Chat
Didn't Find What You're Looking for?
Call us at +1972 636 5056 or write at
Ask an Expert Provide Custom Requirements Download Sample Report Search Available Reports
  • |
  • Call Lucintel +1 972 636 5056
  • |
  • Login
  • |
  • Register
  • |
  • Search
  • |

Pricing Analysis of Metals and Composites 

Prices of most of composite materials, including glass fiber, epoxy resin, and UPR declined in Q1 2023 as compared to Q1 of 2022, while that of carbon fiber slightly increased. Overall, price index of composite materials declined by 6% in Q1 of 2023 on year over year basis but rose up to 2% from previous quarter (Q4, 2022). The price decline of composite materials is majorly due to declining raw material prices and due to softening demand from major end use industries. In terms of metals, steel price index declined by 15% and aluminum price index decreased by 23.8% in Q1 2023 as compared to Q1 2022. Metal price declined on fears of a global economic slowdown and high inflation and high energy cost adversely hit the prices of metals. The prices of composites are expected to follow the same price trend in Q2 2023 as shown in the following figure.

Year-over-Year (YoY) Price Change for Metals and Composites in Q1 2023 and Q2 2023(e)

                                                                                                                                                                      Source: Lucintel

Figure: Year-over-Year (YoY) Price Change for Metals and Composites in Q1 2023 and Q2 2023(e)




The price and demand analysis on above is published monthly for various regions. Lucintel analysts collect supply, demand and price data from various suppliers and consumers on a monthly basis and also analyzes news on supply and demand issues, production, and price trends. This allows Lucintel to publish unbiased assessments on price and demand movements to help you make confident business decisions on your negotiation or business issues.

Become a valued Lucintel member to gain access to thousands of market data, price and demand trends, and more for one low rate ($89 / month to $1,850 / month). Analyst and sales support included.


Try Demo Buy Now