EU: Aluminium Market 2024

Aluminium Market Size in the EU

In 2022, the EU aluminium market increased by 68% to $X, rising for the second consecutive year after two years of decline. The total consumption indicated a buoyant increase from 2012 to 2022: its value increased at an average annual rate of +5.4% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, consumption increased by +93.4% against 2020 indices. As a result, consumption reached the peak level and is likely to continue growth in the immediate term.

Aluminium Production in the EU

In value terms, aluminium production soared to $X in 2022 estimated in export price. In general, production showed a perceptible decrease. The level of production peaked at $X in 2020; however, from 2021 to 2022, production failed to regain momentum.

Aluminium Exports

Exports in the EU

In 2022, overseas shipments of aluminum (unwrought, not alloyed) decreased by -59.3% to X tons for the first time since 2019, thus ending a two-year rising trend. Overall, exports, however, enjoyed a temperate increase. The most prominent rate of growth was recorded in 2020 when exports increased by 98% against the previous year. Over the period under review, the exports attained the maximum at X tons in 2021, and then shrank remarkably in the following year.

In value terms, aluminium exports dropped sharply to $X in 2022. In general, exports, however, saw a buoyant expansion. The pace of growth appeared the most rapid in 2021 when exports increased by 101% against the previous year. As a result, the exports attained the peak of $X, and then shrank significantly in the following year.

Exports by Country

In 2022, the Netherlands (X tons) represented the major exporter of aluminum (unwrought, not alloyed), creating 66% of total exports. Italy (X tons) held the second position in the ranking, distantly followed by Spain (X tons) and France (X tons). All these countries together took near 26% share of total exports. Poland (X tons) and Germany (X tons) held a relatively small share of total exports.

Exports from the Netherlands increased at an average annual rate of +5.3% from 2012 to 2022. At the same time, Poland (+34.8%), Italy (+17.5%) and Spain (+4.5%) displayed positive paces of growth. Moreover, Poland emerged as the fastest-growing exporter exported in the European Union, with a CAGR of +34.8% from 2012-2022. By contrast, France (-1.4%) and Germany (-8.3%) illustrated a downward trend over the same period. From 2012 to 2022, the share of Italy, the Netherlands and Poland increased by +12, +8.5 and +3.6 percentage points, respectively. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, the Netherlands ($X) remains the largest aluminium supplier in the European Union, comprising 66% of total exports. The second position in the ranking was held by Italy ($X), with a 17% share of total exports. It was followed by Spain, with a 4.8% share.

In the Netherlands, aluminium exports expanded at an average annual rate of +9.8% over the period from 2012-2022. The remaining exporting countries recorded the following average annual rates of exports growth: Italy (+21.5% per year) and Spain (+7.9% per year).

Export Prices by Country

The export price in the European Union stood at $X per ton in 2022, rising by 18% against the previous year. Export price indicated perceptible growth from 2012 to 2022: its price 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, aluminium export price increased by +65.8% against 2020 indices. The most prominent rate of growth was recorded in 2021 when the export price increased by 40% against the previous year. The level of export peaked in 2022 and is likely to continue growth in the immediate term.

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 Germany ($X per ton), while Poland ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Germany (+5.3%), while the other leaders experienced more modest paces of growth.

Aluminium Imports

Imports in the EU

In 2022, purchases abroad of aluminum (unwrought, not alloyed) increased by 12% to X tons, rising for the second consecutive year after two years of decline. The total import volume 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 pace of growth appeared the most rapid in 2014 with an increase of 33% against the previous year. Over the period under review, imports attained the peak figure in 2022 and are expected to retain growth in the near future.

In value terms, aluminium imports soared to $X in 2022. Total imports indicated a prominent increase from 2012 to 2022: its value increased at an average annual rate of +6.4% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +98.5% against 2020 indices. The pace of growth was the most pronounced in 2021 with an increase of 45% against the previous year. Over the period under review, imports hit record highs in 2022 and are expected to retain growth in the immediate term.

Imports by Country

In 2022, the Netherlands (X tons), Germany (X tons) and Italy (X tons) was the largest importer of aluminum (unwrought, not alloyed) in the European Union, making up 58% of total import. Greece (X tons) ranks next in terms of the total imports with a 6.2% share, followed by Austria (4.9%), Poland (4.7%) and Spain (4.5%). The following importers - France (X tons), Belgium (X tons), Hungary (X tons), Slovenia (X tons), Romania (X tons) and Luxembourg (X tons) - together made up 16% of total imports.

From 2012 to 2022, the biggest increases were recorded for Romania (with a CAGR of +41.0%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, Germany ($X), the Netherlands ($X) and Italy ($X) were the countries with the highest levels of imports in 2022, with a combined 57% share of total imports. Greece, Austria, Poland, Spain, France, Belgium, Hungary, Slovenia, Romania and Luxembourg lagged somewhat behind, together comprising a further 37%.

Among the main importing countries, Romania, with a CAGR of +45.7%, recorded the highest growth rate of 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

In 2022, the import price in the European Union amounted to $X per ton, with an increase of 22% against the previous year. Import price indicated a pronounced increase from 2012 to 2022: its price increased at an average annual rate of +3.2% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, aluminium import price increased by +65.3% against 2020 indices. The most prominent rate of growth was recorded in 2021 an increase of 36%. The level of import peaked in 2022 and is expected to retain growth in years to come.

Average prices varied somewhat amongst the major importing countries. In 2022, major importing countries recorded the following prices: in Romania ($X per ton) and Hungary ($X per ton), while Luxembourg ($X per ton) and the Netherlands ($X per ton) were amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Greece (+3.9%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform

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