Spain: Alumina Market 2024

Alumina Market Size in Spain

The Spanish alumina market dropped dramatically to $X in 2022, waning by -23.9% against the previous year. Overall, consumption showed a abrupt setback. Over the period under review, the market attained the maximum level at $X in 2018; however, from 2019 to 2022, consumption stood at a somewhat lower figure.

Alumina Production in Spain

In value terms, alumina production declined to $X in 2022 estimated in export price. Overall, production saw a relatively flat trend pattern. The pace of growth appeared the most rapid in 2017 when the production volume increased by 31%. Over the period under review, production reached the maximum level at $X in 2018; however, from 2019 to 2022, production stood at a somewhat lower figure.

Alumina Exports

Exports from Spain

In 2022, after two years of decline, there was significant growth in overseas shipments of alumina, when their volume increased by 18% to X tons. Overall, total exports indicated strong growth from 2012 to 2022: its volume increased at an average annual rate of +8.7% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. The growth pace was the most rapid in 2013 with an increase of 48% against the previous year. Over the period under review, the exports hit record highs in 2022 and are likely to see gradual growth in the immediate term.

In value terms, alumina exports skyrocketed to $X in 2022. In general, exports enjoyed prominent growth. As a result, the exports attained the peak and are likely to continue growth in the immediate term.

Exports by Country

The Netherlands (X tons), Norway (X tons) and France (X tons) were the main destinations of alumina exports from Spain, with a combined 84% share of total exports. Italy, Iceland, Ghana and Russia lagged somewhat behind, together comprising a further 12%.

From 2012 to 2022, the biggest increases were recorded for Ghana (with a CAGR of +19,191.2%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, the largest markets for alumina exported from Spain were the Netherlands ($X), Norway ($X) and France ($X), with a combined 81% share of total exports. Ghana, Italy, Iceland and Russia lagged somewhat behind, together accounting for a further 13%.

Among the main countries of destination, Ghana, with a CAGR of +4,555.0%, 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, increasing by 30% against the previous year. Over the last decade, it increased at an average annual rate of +2.2%. The export price peaked at $X per ton in 2018; however, from 2019 to 2022, the export prices stood at a somewhat lower figure.

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 Ghana ($X per ton), while the average price for exports to Russia ($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 Iceland (+4.2%), while the prices for the other major destinations experienced more modest paces of growth.

Alumina Imports

Imports into Spain

In 2022, purchases abroad of alumina increased by 0.6% to X tons, rising for the third year in a row after two years of decline. Overall, total imports indicated a perceptible increase from 2012 to 2022: its volume increased at an average annual rate of +4.4% 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 +73.4% against 2019 indices. The most prominent rate of growth was recorded in 2017 with an increase of 45% against the previous year. Imports peaked in 2022 and are expected to retain growth in the immediate term.

In value terms, alumina imports soared to $X in 2022. Over the period under review, imports showed a strong expansion. The pace of growth appeared the most rapid in 2021 when imports increased by 44%. Over the period under review, imports hit record highs in 2022 and are likely to continue growth in years to come.

Imports by Country

France (X tons), Germany (X tons) and Turkey (X tons) were the main suppliers of alumina imports to Spain, with a combined 66% share of total imports. China, Greece, Bosnia and Herzegovina, Austria and Slovenia lagged somewhat behind, together accounting for a further 24%.

From 2012 to 2022, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by Bosnia and Herzegovina (with a CAGR of +1,042.1%), while imports for the other leaders experienced more modest paces of growth.

In value terms, the largest alumina suppliers to Spain were Germany ($X), France ($X) and Turkey ($X), with a combined 71% share of total imports. These countries were followed by China, Bosnia and Herzegovina, Greece, Austria and Slovenia, which together accounted for a further 18%.

Bosnia and Herzegovina, with a CAGR of +1,050.0%, recorded the highest rates of growth with regard to the value of imports, among 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, with an increase of 36% against the previous year. Over the last decade, it increased at an average annual rate of +2.3%. The most prominent rate of growth was recorded in 2018 an increase of 40% against the previous year. Over the period under review, average import prices hit record highs in 2022 and is likely to see gradual growth in the near future.

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 Greece (+4.8%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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