Eastern Europe: Aluminium Hydroxide Market 2024

Aluminium Hydroxide Market Size in Eastern Europe

The East European aluminium hydroxide market stood at $X in 2022, surging by 1.8% against the previous year. The market value increased at an average annual rate of +3.7% over the period from 2012 to 2022; the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. Over the period under review, the market reached the peak level in 2022 and is likely to see steady growth in the near future.

Aluminium Hydroxide Production in Eastern Europe

In value terms, aluminium hydroxide production stood at $X in 2022 estimated in export price. The total output value increased at an average annual rate of +2.4% from 2012 to 2022; the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The most prominent rate of growth was recorded in 2015 with an increase of 31%. As a result, production reached the peak level of $X. From 2016 to 2022, production growth remained at a lower figure.

Aluminium Hydroxide Exports

Exports in Eastern Europe

In 2022, the amount of aluminium hydroxide exported in Eastern Europe fell markedly to X tons, which is down by -72.1% on the year before. Overall, exports continue to indicate a deep downturn. The growth pace was the most rapid in 2016 with an increase of 55%. The volume of export peaked at X tons in 2018; however, from 2019 to 2022, the exports stood at a somewhat lower figure.

In value terms, aluminium hydroxide exports declined sharply to $X in 2022. Over the period under review, exports saw a abrupt slump. The growth pace was the most rapid in 2018 with an increase of 46% against the previous year. As a result, the exports reached the peak of $X. From 2019 to 2022, the growth of the exports remained at a lower figure.

Exports by Country

The shipments of the three major exporters of aluminium hydroxide, namely Hungary, Russia and Romania, represented more than two-thirds of total export. Poland (X tons) took a little share of total exports.

From 2012 to 2022, the biggest increases were recorded for Russia (with a CAGR of +45.8%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, Hungary ($X) emerged as the largest aluminium hydroxide supplier in Eastern Europe, comprising 53% of total exports. The second position in the ranking was taken by Russia ($X), with a 22% share of total exports. It was followed by Romania, with a 19% share.

From 2012 to 2022, the average annual rate of growth in terms of value in Hungary totaled -13.1%. In the other countries, the average annual rates were as follows: Russia (+30.7% per year) and Romania (+12.3% per year).

Export Prices by Country

In 2022, the export price in Eastern Europe amounted to $X per ton, increasing by 68% against the previous year. In general, the export price, however, saw a slight downturn. Over the period under review, the export prices attained the maximum at $X per ton in 2013; however, from 2014 to 2022, the export prices stood at a somewhat lower figure.

There were significant differences in the average prices amongst the major exporting countries. In 2022, amid the top suppliers, the country with the highest price was Poland ($X per ton), while Romania ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Poland (+3.5%), while the other leaders experienced mixed trends in the export price figures.

Aluminium Hydroxide Imports

Imports in Eastern Europe

In 2022, the amount of aluminium hydroxide imported in Eastern Europe fell significantly to X tons, which is down by -15.3% compared with the previous year's figure. Overall, imports recorded a relatively flat trend pattern. The growth pace was the most rapid in 2021 with an increase of 31%. The volume of import peaked at X tons in 2014; however, from 2015 to 2022, imports stood at a somewhat lower figure.

In value terms, aluminium hydroxide imports declined to $X in 2022. The total import value increased at an average annual rate of +2.0% from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The pace of growth was the most pronounced in 2021 when imports increased by 40%. Over the period under review, imports reached the maximum at $X in 2014; however, from 2015 to 2022, imports stood at a somewhat lower figure.

Imports by Country

Hungary was the major importing country with an import of around X tons, which resulted at 42% of total imports. Poland (X tons) ranks second in terms of the total imports with a 26% share, followed by Russia (14%) and the Czech Republic (5.6%). Belarus (X tons), Romania (X tons) and Lithuania (X tons) held a little share of total imports.

From 2012 to 2022, the biggest increases were recorded for Hungary (with a CAGR of +26.7%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, Poland ($X), Hungary ($X) and Russia ($X) constituted the countries with the highest levels of imports in 2022, together accounting for 79% of total imports.

Hungary, with a CAGR of +26.1%, saw the highest rates of growth with regard to the value of imports, among the main importing countries 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 2022, rising by 5.5% against the previous year. Over the period from 2012 to 2022, it increased at an average annual rate of +2.1%. The growth pace was the most rapid in 2019 an increase of 14%. Over the period under review, import prices hit record highs in 2022 and is likely to continue growth in years to come.

Prices varied noticeably by country of destination: amid the top importers, the country with the highest price was the Czech Republic ($X per ton), while Hungary ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Poland (+5.7%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform

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