Austria: Alumina Market 2024

Alumina Market Size in Austria

In 2022, after three years of decline, there was significant growth in the Austrian alumina market, when its value increased by 1,238% to $X. Over the period under review, consumption, however, recorded a perceptible downturn. Alumina consumption peaked at $X in 2018; however, from 2019 to 2022, consumption stood at a somewhat lower figure.

Alumina Exports

Exports from Austria

Alumina exports from Austria contracted to X tons in 2022, dropping by -4.9% on 2021. Over the period under review, exports continue to indicate a relatively flat trend pattern. The growth pace was the most rapid in 2017 with an increase of 65% against the previous year. The exports peaked at X tons in 2021, and then shrank in the following year.

In value terms, alumina exports shrank modestly to $X in 2022. In general, exports recorded a relatively flat trend pattern. The pace of growth appeared the most rapid in 2021 with an increase of 42%. The exports peaked at $X in 2012; however, from 2013 to 2022, the exports failed to regain momentum.

Exports by Country

Italy (X tons), Germany (X tons) and Bulgaria (X tons) were the main destinations of alumina exports from Austria, together accounting for 80% of total exports. These countries were followed by Sweden, Spain, Romania and Slovenia, which together accounted for a further 17%.

From 2012 to 2022, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by Romania (with a CAGR of +92.6%), while the other leaders experienced more modest paces of growth.

In value terms, Italy ($X), Germany ($X) and Sweden ($X) were the largest markets for alumina exported from Austria worldwide, together accounting for 81% of total exports. Bulgaria, Spain, Romania and Slovenia lagged somewhat behind, together comprising a further 17%.

Among the main countries of destination, Romania, with a CAGR of +59.2%, saw 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 average alumina export price stood at $X per ton in 2022, rising by 3.4% against the previous year. In general, the export price, however, recorded a relatively flat trend pattern. The pace of growth appeared the most rapid in 2016 when the average export price increased by 32%. As a result, the export price attained the peak level of $X per ton. From 2017 to 2022, the average export prices failed to regain momentum.

Average prices varied somewhat for the major export markets. In 2022, amid the top suppliers, the highest price was recorded for prices to Sweden ($X per ton) and Spain ($X per ton), while the average price for exports to Slovenia ($X per ton) and Bulgaria ($X per ton) were amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Sweden (+2.9%), while the prices for the other major destinations experienced a decline.

Alumina Imports

Imports into Austria

In 2022, purchases abroad of alumina increased by 5.8% to X tons, rising for the second year in a row after two years of decline. Over the period under review, imports, however, continue to indicate a slight slump. The pace of growth appeared the most rapid in 2015 with an increase of 77% against the previous year. Imports peaked at X tons in 2018; however, from 2019 to 2022, imports stood at a somewhat lower figure.

In value terms, alumina imports surged to $X in 2022. Overall, total imports indicated a noticeable expansion from 2012 to 2022: its value increased at an average annual rate of +2.7% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +100.8% against 2020 indices. The pace of growth was the most pronounced in 2021 when imports increased by 59% against the previous year. Imports peaked in 2022 and are likely to see gradual growth in the immediate term.

Imports by Country

In 2022, Bosnia and Herzegovina (X tons) constituted the largest supplier of alumina to Austria, accounting for a 47% share of total imports. Moreover, alumina imports from Bosnia and Herzegovina exceeded the figures recorded by the second-largest supplier, Italy (X tons), twofold. The third position in this ranking was held by Germany (X tons), with a 19% share.

From 2012 to 2022, the average annual rate of growth in terms of volume from Bosnia and Herzegovina stood at +25.2%. The remaining supplying countries recorded the following average annual rates of imports growth: Italy (+86.5% per year) and Germany (+2.3% per year).

In value terms, Bosnia and Herzegovina ($X), Italy ($X) and Germany ($X) appeared to be the largest alumina suppliers to Austria, together comprising 81% of total imports.

Italy, with a CAGR of +92.5%, recorded the highest rates of growth with regard to the value of imports, in terms of the main suppliers over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

The average alumina import price stood at $X per ton in 2022, surging by 20% against the previous year. Overall, import price indicated temperate growth from 2012 to 2022: its price increased at an average annual rate of +4.0% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, alumina import price increased by +56.3% against 2020 indices. The growth pace was the most rapid in 2021 when the average import price increased by 31%. The import price peaked in 2022 and is likely to see steady growth in the near future.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Australia ($X per ton), while the price for Latvia ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Australia (+43.3%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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