Eastern Europe: Bauxite Market 2024

Bauxite Market Size in Eastern Europe

In 2022, the East European bauxite market decreased by -7.5% to $X, falling for the second consecutive year after two years of growth. The total consumption indicated a strong increase from 2012 to 2022: its value increased at an average annual rate of +5.0% 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 -9.0% against 2020 indices. Over the period under review, the market hit record highs at $X in 2020; however, from 2021 to 2022, consumption remained at a lower figure.

Bauxite Production in Eastern Europe

In value terms, bauxite production amounted to $X in 2022 estimated in export price. Over the period under review, production showed a prominent expansion. The pace of growth appeared the most rapid in 2016 when the production volume increased by 191% against the previous year. The level of production peaked at $X in 2020; however, from 2021 to 2022, production failed to regain momentum.

Bauxite Exports

Exports in Eastern Europe

In 2022, overseas shipments of bauxite increased by 1,207% to X tons, rising for the third consecutive year after three years of decline. Over the period under review, exports, however, showed a perceptible slump. Over the period under review, the exports attained the maximum at X tons in 2016; however, from 2017 to 2022, the exports stood at a somewhat lower figure.

In value terms, bauxite exports surged to $X in 2022. In general, exports, however, showed a drastic downturn. Over the period under review, the exports hit record highs at $X in 2016; however, from 2017 to 2022, the exports stood at a somewhat lower figure.

Exports by Country

Hungary prevails in exports structure, accounting for X tons, which was approx. 87% of total exports in 2022. Russia (X tons) took the second position in the ranking, followed by Latvia (X tons). All these countries together held approx. 10% share of total exports.

Hungary was also the fastest-growing in terms of the bauxite exports, with a CAGR of +55.3% from 2012 to 2022. At the same time, Latvia (+53.5%) displayed positive paces of growth. By contrast, Russia (-20.1%) illustrated a downward trend over the same period. From 2012 to 2022, the share of Hungary and Latvia increased by +86 and +5 percentage points, respectively.

In value terms, Hungary ($X) emerged as the largest bauxite supplier in Eastern Europe, comprising 67% of total exports. The second position in the ranking was taken by Russia ($X), with an 8.3% share of total exports.

In Hungary, bauxite exports increased at an average annual rate of +66.7% over the period from 2012-2022. The remaining exporting countries recorded the following average annual rates of exports growth: Russia (-20.1% per year) and Latvia (+36.6% per year).

Export Prices by Country

The export price in Eastern Europe stood at $X per ton in 2022, declining by -69.1% against the previous year. Overall, the export price recorded a perceptible contraction. The pace of growth was the most pronounced in 2018 an increase of 404% against the previous year. The level of export peaked at $X per ton in 2019; however, from 2020 to 2022, the export prices remained at a 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 Russia ($X per ton), while Hungary ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Hungary (+7.4%), while the other leaders experienced mixed trends in the export price figures.

Bauxite Imports

Imports in Eastern Europe

Bauxite imports dropped notably to X tons in 2022, with a decrease of -79.9% on 2021. Over the period under review, imports recorded a abrupt setback. The most prominent rate of growth was recorded in 2017 when imports increased by 14% against the previous year. The volume of import peaked at X tons in 2018; however, from 2019 to 2022, imports failed to regain momentum.

In value terms, bauxite imports dropped dramatically to $X in 2022. In general, imports saw a deep downturn. The most prominent rate of growth was recorded in 2017 with an increase of 18% against the previous year. The level of import peaked at $X in 2021, and then fell notably in the following year.

Imports by Country

Ukraine represented the major importer of bauxite in Eastern Europe, with the volume of imports finishing at X tons, which was approx. 70% of total imports in 2022. Romania (X tons) ranks second in terms of the total imports with a 21% share, followed by Poland (4.8%).

From 2012 to 2022, average annual rates of growth with regard to bauxite imports into Ukraine stood at -13.5%. At the same time, Poland (+3.3%) displayed positive paces of growth. Moreover, Poland emerged as the fastest-growing importer imported in Eastern Europe, with a CAGR of +3.3% from 2012-2022. By contrast, Romania (-14.0%) illustrated a downward trend over the same period. Poland (+4 p.p.) significantly strengthened its position in terms of the total imports, while the shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Ukraine ($X) constitutes the largest market for imported bauxite in Eastern Europe, comprising 49% of total imports. The second position in the ranking was held by Poland ($X), with a 19% share of total imports.

From 2012 to 2022, the average annual rate of growth in terms of value in Ukraine stood at -12.5%. In the other countries, the average annual rates were as follows: Poland (+4.9% per year) and Romania (-13.2% per year).

Import Prices by Country

In 2022, the import price in Eastern Europe amounted to $X per ton, growing by 44% against the previous year. Over the last decade, it increased at an average annual rate of +3.4%. As a result, import 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 importing countries. In 2022, amid the top importers, the country with the highest price was Poland ($X per ton), while Ukraine ($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 (+1.5%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :