Alumina Market Overview in the European Union
Market Overview
The EU alumina market fell to $
in 2019, shrinking by -% against the previous year. This figure reflects the total revenues of producers and importers (excluding logistics costs, retail marketing costs, and retailers' margins, which will be included in the final consumer price). Overall, consumption, however, continues to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in 2010 with an increase of % y-o-y. Over the period under review, the market hit record highs at $ in 2015; however, from 2016 to 2019, consumption failed to regain the momentum.
In value terms, alumina production fell to $ in 2019 estimated in export prices. The total output value increased at an average annual rate of +% over the period from 2007 to 2019; the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The most prominent rate of growth was recorded in 2010 with an increase of % against the previous year. Over the period under review, production reached the peak level at $ in 2015; however, from 2016 to 2019, production failed to regain the momentum.
The countries with the highest volumes of alumina production in 2019 were Ireland ( tonnes), Germany ( tonnes) and Spain ( tonnes), together accounting for % of total production. Greece, Romania and France lagged somewhat behind, together accounting for a further %.
From 2007 to 2019, the most notable rate of growth in terms of alumina production, amongst the main producing countries, was attained by Romania, while alumina production for the other leaders experienced more modest paces of growth.
in 2019, shrinking by -% against the previous year. This figure reflects the total revenues of producers and importers (excluding logistics costs, retail marketing costs, and retailers' margins, which will be included in the final consumer price). Overall, consumption, however, continues to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in 2010 with an increase of % y-o-y. Over the period under review, the market hit record highs at $ in 2015; however, from 2016 to 2019, consumption failed to regain the momentum.In value terms, alumina production fell to $
in 2019 estimated in export prices. The total output value increased at an average annual rate of +% over the period from 2007 to 2019; the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The most prominent rate of growth was recorded in 2010 with an increase of % against the previous year. Over the period under review, production reached the peak level at $ in 2015; however, from 2016 to 2019, production failed to regain the momentum.The countries with the highest volumes of alumina production in 2019 were Ireland (
tonnes), Germany ( tonnes) and Spain ( tonnes), together accounting for % of total production. Greece, Romania and France lagged somewhat behind, together accounting for a further %.From 2007 to 2019, the most notable rate of growth in terms of alumina production, amongst the main producing countries, was attained by Romania, while alumina production for the other leaders experienced more modest paces of growth.
Consumption
In 2019, the amount of alumina consumed in the European Union reduced to tonnes, with a decrease of -% on 2018 figures. In general, consumption, however, continues to indicate a relatively flat trend pattern. The pace of growth appeared the most rapid in 2010 when the consumption volume increased by % against the previous year. Over the period under review, consumption hit record highs at tonnes in 2013; however, from 2014 to 2019, consumption stood at a somewhat lower figure.
The size of the alumina market in the European Union declined to $ in 2019, with a decrease of -% against the previous year. This figure reflects the total revenues of producers and importers (excluding logistics costs, retail marketing costs, and retailers' margins, which will be included in the final consumer price). Overall, consumption, however, continues to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in 2010 when the market value increased by % against the previous year. Over the period under review, the market attained the maximum level at $ in 2015; however, from 2016 to 2019, consumption remained at a lower figure.
tonnes, with a decrease of -% on 2018 figures. In general, consumption, however, continues to indicate a relatively flat trend pattern. The pace of growth appeared the most rapid in 2010 when the consumption volume increased by % against the previous year. Over the period under review, consumption hit record highs at tonnes in 2013; however, from 2014 to 2019, consumption stood at a somewhat lower figure.The size of the alumina market in the European Union declined to $
in 2019, with a decrease of -% against the previous year. This figure reflects the total revenues of producers and importers (excluding logistics costs, retail marketing costs, and retailers' margins, which will be included in the final consumer price). Overall, consumption, however, continues to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in 2010 when the market value increased by % against the previous year. Over the period under review, the market attained the maximum level at $ in 2015; however, from 2016 to 2019, consumption remained at a lower figure.Consumption By Country
Germany ( tonnes) constituted the country with the largest volume of alumina consumption, comprising approx. % of total volume. Moreover, alumina consumption in Germany exceeded the figures recorded by the second-largest consumer, Spain ( tonnes), threefold. France ( tonnes) ranked third in terms of total consumption with a % share.
In Germany, alumina consumption remained relatively stable over the period from 2007-2019. In the other countries, the average annual rates were as follows: Spain (+% per year) and France (-% per year).
In value terms, Germany ($) led the market, alone. The second position in the ranking was occupied by Spain ($). It was followed by France.
In Germany, the alumina market declined by an average annual rate of -% over the period from 2007-2019. In the other countries, the average annual rates were as follows: Spain (+% per year) and France (-% per year).
The countries with the highest levels of alumina per capita consumption in 2019 were Slovakia ( kg per person), Greece ( kg per person) and Germany ( kg per person).
From 2007 to 2019, the most notable rate of growth in terms of alumina per capita consumption, amongst the leading consuming countries, was attained by Romania, while alumina per capita consumption for the other leaders experienced more modest paces of growth.
tonnes) constituted the country with the largest volume of alumina consumption, comprising approx. % of total volume. Moreover, alumina consumption in Germany exceeded the figures recorded by the second-largest consumer, Spain ( tonnes), threefold. France ( tonnes) ranked third in terms of total consumption with a % share.In Germany, alumina consumption remained relatively stable over the period from 2007-2019. In the other countries, the average annual rates were as follows: Spain (+
% per year) and France (-% per year).In value terms, Germany ($
) led the market, alone. The second position in the ranking was occupied by Spain ($). It was followed by France.In Germany, the alumina market declined by an average annual rate of -
% over the period from 2007-2019. In the other countries, the average annual rates were as follows: Spain (+% per year) and France (-% per year).The countries with the highest levels of alumina per capita consumption in 2019 were Slovakia (
kg per person), Greece ( kg per person) and Germany ( kg per person).From 2007 to 2019, the most notable rate of growth in terms of alumina per capita consumption, amongst the leading consuming countries, was attained by Romania, while alumina per capita consumption for the other leaders experienced more modest paces of growth.
Market Forecast
Driven by increasing demand for alumina in the European Union, the market is expected to continue an upward consumption trend over the next decade. Market performance is forecast to accelerate, expanding with an anticipated CAGR of +% for the period from 2019 to , which is projected to bring the market volume to tonnes by the end of .
% for the period from 2019 to , which is projected to bring the market volume to tonnes by the end of .
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