Italy: Alumina Market 2024

Alumina Market Size in Italy

The Italian alumina market surged to $X in 2022, with an increase of 19% against the previous year. Overall, consumption, however, continues to indicate a noticeable decline. Over the period under review, the market hit record highs at $X in 2012; however, from 2013 to 2022, consumption failed to regain momentum.

Alumina Production in Italy

In value terms, alumina production shrank slightly to $X in 2022 estimated in export price. In general, production, however, recorded a pronounced descent. The pace of growth was the most pronounced in 2021 with an increase of 3.3% against the previous year. Over the period under review, production hit record highs at $X in 2012; however, from 2013 to 2022, production stood at a somewhat lower figure.

Alumina Exports

Exports from Italy

In 2022, approx. X tons of alumina were exported from Italy; with a decrease of -18.6% against the previous year's figure. In general, exports, however, recorded a buoyant increase. The most prominent rate of growth was recorded in 2015 when exports increased by 314%. As a result, the exports attained the peak of X tons. From 2016 to 2022, the growth of the exports failed to regain momentum.

In value terms, alumina exports fell markedly to $X in 2022. Overall, exports, however, showed buoyant growth. The pace of growth was the most pronounced in 2015 with an increase of 147% against the previous year. The exports peaked at $X in 2019; however, from 2020 to 2022, the exports remained at a lower figure.

Exports by Country

Austria (X tons) was the main destination for alumina exports from Italy, with a 62% share of total exports. Moreover, alumina exports to Austria exceeded the volume sent to the second major destination, Germany (X tons), sixfold. France (X tons) ranked third in terms of total exports with a 7% share.

From 2012 to 2022, the average annual rate of growth in terms of volume to Austria stood at +92.2%. Exports to the other major destinations recorded the following average annual rates of exports growth: Germany (+29.1% per year) and France (+33.2% per year).

In value terms, Austria ($X) remains the key foreign market for alumina exports from Italy, comprising 49% of total exports. The second position in the ranking was held by Germany ($X), with an 18% share of total exports. It was followed by France, with a 6.5% share.

From 2012 to 2022, the average annual growth rate of value to Austria totaled +97.3%. Exports to the other major destinations recorded the following average annual rates of exports growth: Germany (+36.1% per year) and France (+25.9% per year).

Export Prices by Country

In 2022, the average alumina export price amounted to $X per ton, dropping by -3% against the previous year. Overall, the export price recorded a perceptible downturn. The most prominent rate of growth was recorded in 2018 when the average export price increased by 58% against the previous year. Over the period under review, the average export prices attained the peak figure at $X per ton in 2019; however, from 2020 to 2022, the export prices failed to regain momentum.

There were significant differences in the average prices for the major foreign markets. In 2022, amid the top suppliers, the country with the highest price was Croatia ($X per ton), while the average price for exports to Slovenia ($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 Germany (+5.4%), while the prices for the other major destinations experienced more modest paces of growth.

Alumina Imports

Imports into Italy

In 2022, imports of alumina into Italy declined modestly to X tons, falling by -4.3% against the previous year's figure. Overall, imports showed a abrupt curtailment. The most prominent rate of growth was recorded in 2021 when imports increased by 25%. Imports peaked at X tons in 2012; however, from 2013 to 2022, imports failed to regain momentum.

In value terms, alumina imports surged to $X in 2022. Over the period under review, imports showed a mild downturn. The pace of growth was the most pronounced in 2021 when imports increased by 37%. Over the period under review, imports hit record highs at $X in 2012; however, from 2013 to 2022, imports remained at a lower figure.

Imports by Country

Germany (X tons), France (X tons) and Bosnia and Herzegovina (X tons) were the main suppliers of alumina imports to Italy, with a combined 56% share of total imports. Austria, Spain, Hungary, Slovenia, Romania, Greece and the Netherlands lagged somewhat behind, together accounting for a further 37%.

From 2012 to 2022, the biggest increases were recorded for Romania (with a CAGR of +64.8%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, the largest alumina suppliers to Italy were Germany ($X), France ($X) and Hungary ($X), together comprising 59% of total imports. Slovenia, Spain, Bosnia and Herzegovina, Romania, Greece, Austria and the Netherlands lagged somewhat behind, together accounting for a further 30%.

Romania, with a CAGR of +76.5%, saw the highest growth rate of the value of imports, in terms of the main suppliers over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

The average alumina import price stood at $X per ton in 2022, jumping by 26% against the previous year. In general, import price indicated a buoyant increase from 2012 to 2022: its price increased at an average annual rate of +6.9% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, alumina import price increased by +37.8% against 2020 indices. The most prominent rate of growth was recorded in 2013 an increase of 49%. The import price peaked in 2022 and is likely to continue growth in years to come.

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

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Greece (+10.9%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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