Alumina Market Overview in Finland
Market Overview
In 2019, the Finnish alumina market decreased by -
% to $, falling for the second consecutive year after two years of growth. Over the period under review, consumption recorded a mild reduction. The pace of growth was the most pronounced in 2010 with an increase of % year-to-year. Alumina consumption peaked at $ in 2017; however, from 2018 to 2019, consumption stood at a somewhat lower figure.
% to $, falling for the second consecutive year after two years of growth. Over the period under review, consumption recorded a mild reduction. The pace of growth was the most pronounced in 2010 with an increase of % year-to-year. Alumina consumption peaked at $ in 2017; however, from 2018 to 2019, consumption stood at a somewhat lower figure.Consumption
In 2019, consumption of alumina decreased by -% to tonnes, falling for the second year in a row after three years of growth. In general, consumption saw a perceptible curtailment. 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 2017; however, from 2018 to 2019, consumption remained at a lower figure.
The size of the alumina market in Finland fell dramatically to $ in 2019, dropping 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). Over the period under review, consumption showed a slight contraction. The pace of growth appeared the most rapid in 2010 when the market value increased by % year-to-year. Alumina consumption peaked at $ in 2017; however, from 2018 to 2019, consumption stood at a somewhat lower figure.
% to tonnes, falling for the second year in a row after three years of growth. In general, consumption saw a perceptible curtailment. 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 2017; however, from 2018 to 2019, consumption remained at a lower figure.The size of the alumina market in Finland fell dramatically to $
in 2019, dropping 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). Over the period under review, consumption showed a slight contraction. The pace of growth appeared the most rapid in 2010 when the market value increased by % year-to-year. Alumina consumption peaked at $ in 2017; however, from 2018 to 2019, consumption stood at a somewhat lower figure.Market Forecast
Driven by rising demand for alumina in Finland, the market is expected to start an upward consumption trend over the next decade. The performance of the market is forecast to increase slightly, 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 .Trade Balance
Finland remains a net importer of alumina; in physical and value terms, imports consistently exceeded exports from 2007 to 2019. In 2019, there was a significant trade deficit of tonnes, which was equal to $. This tangible trade deficit reflects the fact that the market remains dependent on imports, which is likely to continue in the medium term.
tonnes, which was equal to $. This tangible trade deficit reflects the fact that the market remains dependent on imports, which is likely to continue in the medium term.
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