Romania: Alumina Market 2024

Alumina Market Size in Romania

The Romanian alumina market reached $X in 2022, approximately mirroring the previous year. The market value increased at an average annual rate of +1.2% from 2012 to 2022; the trend pattern remained consistent, with somewhat noticeable fluctuations being recorded throughout the analyzed period. Alumina consumption peaked at $X in 2014; however, from 2015 to 2022, consumption remained at a lower figure.

Alumina Production in Romania

In value terms, alumina production dropped to $X in 2022 estimated in export price. Overall, production, however, recorded a relatively flat trend pattern. The pace of growth was the most pronounced in 2018 when the production volume increased by 28% against the previous year. As a result, production reached the peak level of $X. From 2019 to 2022, production growth remained at a lower figure.

Alumina Exports

Exports from Romania

In 2022, exports of alumina from Romania fell notably to X tons, waning by -68.1% on 2021. Over the period under review, exports recorded a deep contraction. The most prominent rate of growth was recorded in 2021 when exports increased by 227% against the previous year. Over the period under review, the exports hit record highs at X tons in 2018; however, from 2019 to 2022, the exports failed to regain momentum.

In value terms, alumina exports fell sharply to $X in 2022. Overall, exports showed a pronounced curtailment. The most prominent rate of growth was recorded in 2021 with an increase of 226%. Over the period under review, the exports attained the maximum at $X in 2018; however, from 2019 to 2022, the exports remained at a lower figure.

Exports by Country

Moldova (X tons) was the main destination for alumina exports from Romania, with a 43% share of total exports. Moreover, alumina exports to Moldova exceeded the volume sent to the second major destination, Poland (X tons), twofold. Germany (X tons) ranked third in terms of total exports with a 13% share.

From 2012 to 2022, the average annual growth rate of volume to Moldova stood at +15.4%. Exports to the other major destinations recorded the following average annual rates of exports growth: Poland (-2.5% per year) and Germany (+75.9% per year).

In value terms, the largest markets for alumina exported from Romania were Moldova ($X), Poland ($X) and Germany ($X), together comprising 73% of total exports. These countries were followed by Egypt, Hungary, the Netherlands and France, which together accounted for a further 23%.

Among the main countries of destination, Egypt, with a CAGR of +2,425.6%, 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, with an increase of 30% against the previous year. Over the last decade, it increased at an average annual rate of +4.4%. As a result, the export price reached the peak level and is likely to continue growth in the immediate term.

Average prices varied somewhat for the major export markets. In 2022, amid the top suppliers, the highest price was recorded for prices to Hungary ($X per ton) and Egypt ($X per ton), while the average price for exports to Moldova ($X per ton) and France ($X per ton) were amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Egypt (+11.7%), while the prices for the other major destinations experienced more modest paces of growth.

Alumina Imports

Imports into Romania

After three years of decline, purchases abroad of alumina increased by 148% to X tons in 2022. Overall, imports continue to indicate resilient growth. The pace of growth appeared the most rapid in 2013 when imports increased by 802% against the previous year. Imports peaked at X tons in 2014; however, from 2015 to 2022, imports stood at a somewhat lower figure.

In value terms, alumina imports skyrocketed to $X in 2022. Over the period under review, imports enjoyed a buoyant increase. The pace of growth appeared the most rapid in 2013 when imports increased by 345%. Imports peaked at $X in 2014; however, from 2015 to 2022, imports stood at a somewhat lower figure.

Imports by Country

In 2022, Greece (X tons) constituted the largest alumina supplier to Romania, accounting for a 68% share of total imports. Moreover, alumina imports from Greece exceeded the figures recorded by the second-largest supplier, Hungary (X tons), fivefold. Austria (X tons) ranked third in terms of total imports with a 10% share.

From 2012 to 2022, the average annual rate of growth in terms of volume from Greece amounted to +149.0%. The remaining supplying countries recorded the following average annual rates of imports growth: Hungary (-9.5% per year) and Austria (+100.5% per year).

In value terms, Greece ($X) constituted the largest supplier of alumina to Romania, comprising 46% of total imports. The second position in the ranking was taken by Hungary ($X), with a 21% share of total imports. It was followed by Austria, with an 11% share.

From 2012 to 2022, the average annual growth rate of value from Greece amounted to +133.1%. The remaining supplying countries recorded the following average annual rates of imports growth: Hungary (-6.2% per year) and Austria (+84.9% per year).

Import Prices by Country

In 2022, the average alumina import price amounted to $X per ton, reducing by -17.3% against the previous year. Overall, the import price showed a pronounced descent. The most prominent rate of growth was recorded in 2015 an increase of 83% against the previous year. Over the period under review, average import prices reached the maximum at $X per ton in 2016; however, from 2017 to 2022, import prices failed to regain momentum.

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

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Spain (+9.2%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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