Europe: Bauxite Market 2024

Bauxite Market Size in Europe

In 2022, the Europe bauxite market decreased by -4.6% to $X, falling for the second consecutive year after six years of growth. The total consumption indicated a measured increase from 2012 to 2022: its value increased at an average annual rate of +3.6% 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 -7.0% against 2020 indices. Over the period under review, the market attained the maximum level at $X in 2020; however, from 2021 to 2022, consumption remained at a lower figure.

Bauxite Production in Europe

In value terms, bauxite production amounted to $X in 2022 estimated in export price. In general, production, however, enjoyed resilient growth. The pace of growth was the most pronounced in 2016 when the production volume increased by 145% against the previous year. Over the period under review, production hit record highs at $X in 2020; afterwards, it flattened through to 2022.

Bauxite Exports

Exports in Europe

Bauxite exports declined modestly to X tons in 2022, with a decrease of -3.3% compared with the previous year's figure. Overall, exports continue to indicate a perceptible downturn. The pace of growth was the most pronounced in 2019 when exports increased by 102% against the previous year. As a result, the exports attained the peak of X tons. From 2020 to 2022, the growth of the exports failed to regain momentum.

In value terms, bauxite exports dropped to $X in 2022. Over the period under review, exports recorded a relatively flat trend pattern. The pace of growth was the most pronounced in 2019 with an increase of 58%. The level of export peaked at $X in 2021, and then fell in the following year.

Exports by Country

In 2022, Montenegro (X tons) represented the key exporter of bauxite, mixing up 38% of total exports. Greece (X tons) took the second position in the ranking, distantly followed by Bosnia and Herzegovina (X tons), the Netherlands (X tons), Germany (X tons) and France (X tons). All these countries together held approx. 52% share of total exports. Croatia (X tons) held a minor share of total exports.

From 2012 to 2022, the biggest increases were recorded for Croatia (with a CAGR of +117.2%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, the Netherlands ($X), Germany ($X) and Greece ($X) constituted the countries with the highest levels of exports in 2022, together accounting for 64% of total exports. Montenegro, France, Croatia and Bosnia and Herzegovina lagged somewhat behind, together comprising a further 17%.

Croatia, with a CAGR of +129.0%, recorded the highest growth rate of the value of exports, in terms of 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 Europe stood at $X per ton in 2022, which is down by -6.5% against the previous year. Export price indicated a pronounced expansion from 2012 to 2022: its price increased at an average annual rate of +2.1% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, bauxite export price decreased by -25.8% against 2020 indices. The pace of growth was the most pronounced in 2020 when the export price increased by 134%. As a result, the export price reached the peak level of $X per ton. From 2021 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 Germany ($X per ton), while Bosnia and Herzegovina ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Croatia (+5.4%), while the other leaders experienced more modest paces of growth.

Bauxite Imports

Imports in Europe

In 2022, the amount of bauxite imported in Europe shrank to X tons, reducing by -9.5% against 2021. In general, imports continue to indicate a noticeable downturn. The most prominent rate of growth was recorded in 2017 when imports increased by 13% against the previous year. The volume of import peaked at X tons in 2020; however, from 2021 to 2022, imports failed to regain momentum.

In value terms, bauxite imports amounted to $X in 2022. Over the period under review, imports recorded a mild decrease. The growth pace was the most rapid in 2018 when imports increased by 20%. As a result, imports attained the peak of $X. From 2019 to 2022, the growth of imports remained at a lower figure.

Imports by Country

Ireland (X tons) and Spain (X tons) represented the major importers of bauxite in 2022, amounting to near 31% and 29% of total imports, respectively. It was distantly followed by Germany (X tons), Ukraine (X tons) and Greece (X tons), together constituting a 31% share of total imports. The following importers - France (X tons) and Romania (X tons) - each accounted for a 4.1% share of total imports.

From 2012 to 2022, the most notable rate of growth in terms of purchases, amongst the key importing countries, was attained by Greece (with a CAGR of +24.0%), while imports for the other leaders experienced more modest paces of growth.

In value terms, Spain ($X), Ireland ($X) and Germany ($X) appeared to be the countries with the highest levels of imports in 2022, together accounting for 64% of total imports. France, Greece, Ukraine and Romania lagged somewhat behind, together accounting for a further 17%.

Among the main importing countries, Greece, with a CAGR of +24.6%, saw the highest growth rate of the value of imports, over the period under review, while purchases for the other leaders experienced mixed trends in the imports figures.

Import Prices by Country

The import price in Europe stood at $X per ton in 2022, growing by 18% against the previous year. Over the last decade, it increased at an average annual rate of +1.4%. As a result, import price attained the peak level and is likely to continue growth in the immediate term.

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

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by France (+11.1%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform