Eastern Europe: Aluminium Bar Market 2024

Aluminium Bar Market Size in Eastern Europe

The East European aluminium bar market reduced to $X in 2021, declining by -13.1% against the previous year. The total consumption indicated perceptible growth from 2012 to 2021: its value increased at an average annual rate of +2.0% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, consumption decreased by -14.2% against 2018 indices. Over the period under review, the market attained the maximum level at $X in 2018; however, from 2019 to 2021, consumption remained at a lower figure.

Aluminium Bar Production in Eastern Europe

In value terms, aluminium bar production fell to $X in 2021 estimated in export price. The total production indicated a slight increase from 2012 to 2021: its value increased at an average annual rate of +1.4% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, production decreased by -15.6% against 2018 indices. The growth pace was the most rapid in 2017 with an increase of 38% against the previous year. The level of production peaked at $X in 2018; however, from 2019 to 2021, production failed to regain momentum.

Aluminium Bar Exports

Exports in Eastern Europe

In 2021, exports of aluminium bars, rods and profiles in Eastern Europe surged to X tons, increasing by 25% on 2020. The total export volume increased at an average annual rate of +5.3% from 2012 to 2021; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. As a result, the exports reached the peak and are likely to continue growth in the immediate term.

In value terms, aluminium bar exports soared to $X in 2021. Total exports indicated buoyant growth from 2012 to 2021: its value increased at an average annual rate of +6.5% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. As a result, the exports reached the peak and are likely to continue growth in the immediate term.

Exports by Country

The shipments of the eight major exporters of aluminium bars, rods and profiles, namely Poland, Russia, Romania, Slovakia, the Czech Republic, Bulgaria, Belarus and Hungary, represented more than two-thirds of total export.

From 2012 to 2021, the biggest increases were recorded for Poland (with a CAGR of +10.7%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, the largest aluminium bar supplying countries in Eastern Europe were Poland ($X), Russia ($X) and Slovakia ($X), with a combined 54% share of total exports.

Poland, with a CAGR of +11.8%, recorded the highest growth rate of the value of exports, among the main exporting countries over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

The export price in Eastern Europe stood at $X per ton in 2021, increasing by 16% against the previous year. Over the last nine-year period, it increased at an average annual rate of +1.2%. As a result, the export price attained the peak level and is likely to continue growth in the immediate term.

There were significant differences in the average prices amongst the major exporting countries. In 2021, the country with the highest price was Hungary ($X per ton), while Russia ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Hungary (+3.4%), while the other leaders experienced more modest paces of growth.

Aluminium Bar Imports

Imports in Eastern Europe

Aluminium bar imports skyrocketed to X tons in 2021, increasing by 29% on the year before. Total imports indicated a remarkable increase from 2012 to 2021: its volume increased at an average annual rate of +8.2% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. As a result, imports attained the peak and are likely to continue growth in the immediate term.

In value terms, aluminium bar imports skyrocketed to $X in 2021. Total imports indicated a remarkable increase from 2012 to 2021: its value increased at an average annual rate of +8.5% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. As a result, imports reached the peak and are likely to continue growth in the immediate term.

Imports by Country

Poland (X tons) and the Czech Republic (X tons) were the largest importers of aluminium bars, rods and profiles in 2021, finishing at near 29% and 20% of total imports, respectively. Hungary (X tons) took the next position in the ranking, followed by Slovakia (X tons), Russia (X tons), Romania (X tons), Bulgaria (X tons) and Lithuania (X tons). All these countries together took near 42% share of total imports.

From 2012 to 2021, the biggest increases were recorded for Lithuania (with a CAGR of +15.5%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, the largest aluminium bar importing markets in Eastern Europe were Poland ($X), the Czech Republic ($X) and Hungary ($X), with a combined 58% share of total imports. Slovakia, Romania, Russia, Lithuania and Bulgaria lagged somewhat behind, together accounting for a further 33%.

In terms of the main importing countries, Lithuania, with a CAGR of +15.1%, recorded the highest rates of growth with regard to the value of imports, over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

The import price in Eastern Europe stood at $X per ton in 2021, surging by 16% against the previous year. In general, the import price recorded a relatively flat trend pattern. As a result, import price attained the peak level and is likely to continue growth in the immediate term.

Average prices varied somewhat amongst the major importing countries. In 2021, major importing countries recorded the following prices: in Romania ($X per ton) and Slovakia ($X per ton), while Bulgaria ($X per ton) and Poland ($X per ton) were amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Slovakia (+3.1%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform

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