Denmark: Alumina Market 2024

Alumina Market Size in Denmark

The Danish alumina market soared to $X in 2022, picking up by 36% against the previous year. The market value increased at an average annual rate of +1.5% over the period from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. As a result, consumption attained the peak level of $X. From 2015 to 2022, the growth of the market remained at a lower figure.

Alumina Production in Denmark

In value terms, alumina production expanded rapidly to $X in 2022 estimated in export price. Over the period under review, production, however, saw a mild shrinkage. The most prominent rate of growth was recorded in 2014 with an increase of 59% against the previous year. As a result, production attained the peak level of $X. From 2015 to 2022, production growth remained at a lower figure.

Alumina Exports

Exports from Denmark

After five years of growth, shipments abroad of alumina decreased by -78.6% to X tons in 2022. Overall, exports, however, continue to indicate resilient growth. The pace of growth appeared the most rapid in 2021 when exports increased by 702%. As a result, the exports reached the peak of X tons, and then contracted rapidly in the following year.

In value terms, alumina exports dropped markedly to $X in 2022. Over the period under review, exports, however, showed a significant increase. The growth pace was the most rapid in 2021 when exports increased by 696%. As a result, the exports reached the peak of $X, and then contracted dramatically in the following year.

Exports by Country

The United States (X tons), Brazil (X tons) and Norway (X tons) were the main destinations of alumina exports from Denmark, with a combined 37% share of total exports. These countries were followed by Pakistan, the Philippines, the UK, Spain, Ukraine, Romania, Indonesia, Kazakhstan, Colombia and Chile, which together accounted for a further 44%.

From 2012 to 2022, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by Indonesia (with a CAGR of +235.5%), while the other leaders experienced more modest paces of growth.

In value terms, the largest markets for alumina exported from Denmark were Brazil ($X), Pakistan ($X) and the United States ($X), with a combined 36% share of total exports. These countries were followed by the Philippines, Chile, Romania, Kazakhstan, Indonesia, Norway, Ukraine, Colombia, the UK and Spain, which together accounted for a further 41%.

Among the main countries of destination, Indonesia, with a CAGR of +316.2%, recorded 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

In 2022, the average alumina export price amounted to $X per ton, picking up by 164% against the previous year. Overall, the export price saw resilient growth. The pace of growth was the most pronounced in 2014 when the average export price increased by 189% against the previous year. The export price peaked in 2022 and is likely to continue growth in the near future.

There were significant differences in the average prices for the major export markets. In 2022, amid the top suppliers, the country with the highest price was Chile ($X per ton), while the average price for exports to the United States ($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 Brazil (+33.3%), while the prices for the other major destinations experienced more modest paces of growth.

Alumina Imports

Imports into Denmark

In 2022, approx. X tons of alumina were imported into Denmark; rising by 185% against 2021. Overall, imports continue to indicate a prominent expansion. As a result, imports reached the peak and are likely to continue growth in the immediate term.

In value terms, alumina imports soared to $X in 2022. In general, imports enjoyed a significant expansion. As a result, imports reached the peak and are likely to continue growth in the immediate term.

Imports by Country

In 2022, Italy (X tons) constituted the largest supplier of alumina to Denmark, accounting for a 63% share of total imports. Moreover, alumina imports from Italy exceeded the figures recorded by the second-largest supplier, Germany (X tons), fourfold. The United States (X tons) ranked third in terms of total imports with a 12% share.

From 2012 to 2022, the average annual growth rate of volume from Italy totaled +231.1%. The remaining supplying countries recorded the following average annual rates of imports growth: Germany (+4.1% per year) and the United States (+13.8% per year).

In value terms, Italy ($X) constituted the largest supplier of alumina to Denmark, comprising 68% of total imports. The second position in the ranking was taken by the United States ($X), with a 9.8% share of total imports. It was followed by Germany, with a 9.7% share.

From 2012 to 2022, the average annual growth rate of value from Italy amounted to +236.6%. The remaining supplying countries recorded the following average annual rates of imports growth: the United States (+11.3% per year) and Germany (+5.5% per year).

Import Prices by Country

The average alumina import price stood at $X per ton in 2022, surging by 32% against the previous year. Over the period under review, import price indicated a remarkable increase from 2012 to 2022: its price increased at an average annual rate of +5.7% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. The most prominent rate of growth was recorded in 2019 an increase of 33% against the previous year. As a result, import price reached the peak level of $X per ton; afterwards, it flattened through to 2022.

There were significant differences in the average prices amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was Norway ($X per ton), while the price for the Netherlands ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Sweden (+8.2%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :