Finland: Alumina Market 2024

Alumina Market Size in Finland

The Finnish alumina market surged to $X in 2022, increasing by 79% against the previous year. In general, the total consumption indicated a buoyant increase from 2012 to 2022: its value increased at an average annual rate of +5.7% 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 +88.0% against 2019 indices. As a result, consumption reached the peak level and is likely to continue growth in the immediate term.

Alumina Production in Finland

In value terms, alumina production declined modestly to $X in 2022 estimated in export price. Over the period under review, production, however, continues to indicate buoyant growth. The pace of growth was the most pronounced in 2019 with an increase of 104% against the previous year. Over the period under review, production reached the peak level at $X in 2021, and then reduced in the following year.

Alumina Exports

Exports from Finland

In 2022, the amount of alumina exported from Finland fell significantly to X tons, declining by -90.2% compared with 2021 figures. Overall, exports continue to indicate a deep slump. The pace of growth was the most pronounced in 2017 when exports increased by 271% against the previous year. The exports peaked at X tons in 2021, and then shrank notably in the following year.

In value terms, alumina exports fell significantly to $X in 2022. In general, exports saw a noticeable decrease. The most prominent rate of growth was recorded in 2017 with an increase of 199%. Over the period under review, the exports reached the maximum at $X in 2021, and then fell significantly in the following year.

Exports by Country

India (X tons), Turkey (X tons) and Estonia (X tons) were the main destinations of alumina exports from Finland, together comprising 86% of total exports.

From 2012 to 2022, the biggest increases were recorded for Turkey (with a CAGR of +885.9%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, the largest markets for alumina exported from Finland were India ($X), Turkey ($X) and Norway ($X), with a combined 84% share of total exports.

Among the main countries of destination, Turkey, with a CAGR of +1,092.8%, recorded the highest rates of growth with regard to the value of exports, over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

The average alumina export price stood at $X per ton in 2022, picking up by 74% against the previous year. Overall, export price indicated a buoyant increase from 2012 to 2022: its price increased at an average annual rate of +5.5% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. As a result, the export 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 suppliers, the country with the highest price was Poland ($X per ton), while the average price for exports to Estonia ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Turkey (+21.0%), while the prices for the other major destinations experienced more modest paces of growth.

Alumina Imports

Imports into Finland

In 2022, supplies from abroad of alumina increased by 74% to X tons, rising for the third year in a row after two years of decline. In general, imports saw a prominent increase. As a result, imports reached the peak and are likely to continue growth in the immediate term.

In value terms, alumina imports skyrocketed to $X in 2022. Over the period under review, total imports indicated a notable expansion from 2012 to 2022: its value increased at an average annual rate of +4.3% over the last decade. 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

In 2022, Germany (X tons) constituted the largest alumina supplier to Finland, accounting for a 52% share of total imports. Moreover, alumina imports from Germany exceeded the figures recorded by the second-largest supplier, the Netherlands (X tons), threefold. Austria (X tons) ranked third in terms of total imports with a 9% share.

From 2012 to 2022, the average annual rate of growth in terms of volume from Germany totaled +6.6%. The remaining supplying countries recorded the following average annual rates of imports growth: the Netherlands (+11.6% per year) and Austria (0.0% per year).

In value terms, Germany ($X) constituted the largest supplier of alumina to Finland, comprising 47% of total imports. The second position in the ranking was held by the United States ($X), with a 19% share of total imports. It was followed by the Netherlands, with a 12% share.

From 2012 to 2022, the average annual rate of growth in terms of value from Germany amounted to +5.8%. The remaining supplying countries recorded the following average annual rates of imports growth: the United States (-3.6% per year) and the Netherlands (+6.1% per year).

Import Prices by Country

In 2022, the average alumina import price amounted to $X per ton, surging by 2.3% against the previous year. Overall, the import price, however, saw a noticeable decrease. The most prominent rate of growth was recorded in 2019 an increase of 48%. As a result, import price attained the peak level of $X per ton. From 2020 to 2022, the average import prices remained at a somewhat lower figure.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was the United States ($X per ton), while the price for Hungary ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Germany (-0.8%), while the prices for the other major suppliers experienced a decline.

Source: IndexBox Platform

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