Belgium: Alumina Market 2024

Alumina Market Size in Belgium

The Belgian alumina market contracted to $X in 2022, which is down by -8.8% 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, the total consumption indicated a noticeable increase from 2012 to 2022: its value increased at an average annual rate of +3.8% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, consumption decreased by -14.4% against 2019 indices. As a result, consumption attained the peak level of $X. From 2020 to 2022, the growth of the market remained at a lower figure.

Alumina Exports

Exports from Belgium

In 2022, approx. X tons of alumina were exported from Belgium; rising by 69% on 2021 figures. Over the period under review, exports showed a buoyant increase. The pace of growth was the most pronounced in 2017 when exports increased by 153%. Over the period under review, the exports hit record highs in 2022 and are likely to see gradual growth in the immediate term.

In value terms, alumina exports surged to $X in 2022. Overall, exports showed a prominent expansion. The most prominent rate of growth was recorded in 2017 with an increase of 141%. Over the period under review, the exports hit record highs in 2022 and are expected to retain growth in the near future.

Exports by Country

The United States (X tons), Germany (X tons) and France (X tons) were the main destinations of alumina exports from Belgium, together accounting for 74% of total exports. These countries were followed by the UK, Japan, China, the Netherlands, Poland and South Korea, which together accounted for a further 15%.

From 2012 to 2022, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by Japan (with a CAGR of +41.0%), while the other leaders experienced more modest paces of growth.

In value terms, the United States ($X), Germany ($X) and China ($X) constituted the largest markets for alumina exported from Belgium worldwide, together comprising 53% of total exports. Japan, France, the UK, South Korea, the Netherlands and Poland lagged somewhat behind, together accounting for a further 25%.

Japan, with a CAGR of +50.2%, recorded the highest growth rate of the value of exports, among the main countries of destination over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

In 2022, the average alumina export price amounted to $X per ton, with a decrease of -17.6% against the previous year. Overall, the export price continues to indicate a perceptible slump. The most prominent rate of growth was recorded in 2015 when the average export price increased by 34%. As a result, the export price reached the peak level of $X per ton. From 2016 to 2022, the average export prices remained at a somewhat lower figure.

There were significant differences in the average prices for the major foreign markets. In 2022, amid the top suppliers, the country with the highest price was South Korea ($X per ton), while the average price for exports to France ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Iran (+30.1%), while the prices for the other major destinations experienced more modest paces of growth.

Alumina Imports

Imports into Belgium

In 2022, approx. X tons of alumina were imported into Belgium; almost unchanged from the previous year. Overall, imports continue to indicate prominent growth. The growth pace was the most rapid in 2018 when imports increased by 62%. Over the period under review, imports attained the peak figure at X tons in 2019; however, from 2020 to 2022, imports remained at a lower figure.

In value terms, alumina imports fell to $X in 2022. The total import value increased at an average annual rate of +3.1% over the period from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The most prominent rate of growth was recorded in 2013 when imports increased by 42% against the previous year. Over the period under review, imports hit record highs at $X in 2014; however, from 2015 to 2022, imports failed to regain momentum.

Imports by Country

In 2022, France (X tons) constituted the largest supplier of alumina to Belgium, accounting for a 42% share of total imports. Moreover, alumina imports from France exceeded the figures recorded by the second-largest supplier, China (X tons), twofold. Germany (X tons) ranked third in terms of total imports with an 18% share.

From 2012 to 2022, the average annual growth rate of volume from France totaled +4.6%. The remaining supplying countries recorded the following average annual rates of imports growth: China (+6.8% per year) and Germany (+6.8% per year).

In value terms, the United States ($X) constituted the largest supplier of alumina to Belgium, comprising 62% of total imports. The second position in the ranking was held by the Netherlands ($X), with a 9.6% share of total imports. It was followed by Germany, with a 9.5% share.

From 2012 to 2022, the average annual growth rate of value from the United States totaled +5.9%. The remaining supplying countries recorded the following average annual rates of imports growth: the Netherlands (+4.1% per year) and Germany (-1.5% per year).

Import Prices by Country

The average alumina import price stood at $X per ton in 2022, with a decrease of -7.8% against the previous year. In general, the import price recorded a perceptible slump. The most prominent rate of growth was recorded in 2013 an increase of 43%. The import price peaked at $X per ton in 2016; however, from 2017 to 2022, import prices failed to regain momentum.

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

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by the Netherlands (-2.6%), while the prices for the other major suppliers experienced a decline.

Source: IndexBox Platform

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