Sweden: Alumina Market 2024

Alumina Market Size in Sweden

In 2022, the Swedish alumina market increased by 3.5% to $X, rising for the second consecutive year after two years of decline. The market value increased at an average annual rate of +1.0% over the period from 2012 to 2022; the trend pattern indicated some noticeable fluctuations being recorded in certain years. Over the period under review, the market attained the maximum level at $X in 2018; however, from 2019 to 2022, consumption remained at a lower figure.

Alumina Production in Sweden

In value terms, alumina production fell to $X in 2022 estimated in export price. In general, production saw a sharp shrinkage. The pace of growth appeared the most rapid in 2021 with an increase of 13% against the previous year. Over the period under review, production reached the maximum level at $X in 2012; however, from 2013 to 2022, production remained at a lower figure.

Alumina Exports

Exports from Sweden

In 2022, shipments abroad of alumina increased by 67% to X tons, rising for the second year in a row after three years of decline. In general, exports, however, showed a deep slump. The pace of growth was the most pronounced in 2017 with an increase of 189% against the previous year. Over the period under review, the exports attained the peak figure at X tons in 2014; however, from 2015 to 2022, the exports remained at a lower figure.

In value terms, alumina exports skyrocketed to $X in 2022. Overall, exports posted a measured expansion. The most prominent rate of growth was recorded in 2021 with an increase of 160%. The exports peaked at $X in 2015; however, from 2016 to 2022, the exports stood at a somewhat lower figure.

Exports by Country

Norway (X tons), Brunei Darussalam (X tons) and the United States (X tons) were the main destinations of alumina exports from Sweden, together accounting for 89% of total exports. The Netherlands and Canada lagged somewhat behind, together accounting for a further 7.7%.

From 2012 to 2022, the biggest increases were recorded for Canada (with a CAGR of +2,384.6%), while shipments for the other leaders experienced mixed trend patterns.

In value terms, the Netherlands ($X), Norway ($X) and Brunei Darussalam ($X) were the largest markets for alumina exported from Sweden worldwide, with a combined 85% share of total exports. These countries were followed by the United States and Canada, which together accounted for a further 2.8%.

In terms of the main countries of destination, Canada, with a CAGR of +2,704.2%, recorded the highest growth rate of 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

In 2022, the average alumina export price amounted to $X per ton, surging by 16% against the previous year. In general, the export price saw a prominent expansion. The pace of growth was the most pronounced in 2015 when the average export price increased by 96%. The export price peaked in 2022 and is expected to retain growth in years to come.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was the Netherlands ($X per ton), while the average price for exports to the United States ($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 the Netherlands (+162.2%), while the prices for the other major destinations experienced more modest paces of growth.

Alumina Imports

Imports into Sweden

In 2022, after two years of growth, there was significant decline in supplies from abroad of alumina, when their volume decreased by -10.7% to X tons. Overall, imports showed a relatively flat trend pattern. The growth pace was the most rapid in 2015 when imports increased by 20%. Over the period under review, imports attained the maximum at X tons in 2018; however, from 2019 to 2022, imports failed to regain momentum.

In value terms, alumina imports expanded remarkably to $X in 2022. In general, total imports indicated a mild expansion from 2012 to 2022: its value increased at an average annual rate of +1.9% 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 +61.7% against 2020 indices. The pace of growth was the most pronounced in 2021 when imports increased by 47% against the previous year. Imports peaked at $X in 2018; however, from 2019 to 2022, imports failed to regain momentum.

Imports by Country

In 2022, Ireland (X tons) was the main supplier of alumina to Sweden, with a 92% share of total imports. It was followed by Spain (X tons), with a 2% share of total imports.

From 2012 to 2022, the average annual growth rate of volume from Ireland totaled -1.1%. The remaining supplying countries recorded the following average annual rates of imports growth: Spain (+61.0% per year) and the Czech Republic (+2.9% per year).

In value terms, Ireland ($X) constituted the largest supplier of alumina to Sweden, comprising 87% of total imports. The second position in the ranking was held by Spain ($X), with a 1% share of total imports.

From 2012 to 2022, the average annual rate of growth in terms of value from Ireland totaled +2.1%. The remaining supplying countries recorded the following average annual rates of imports growth: Spain (+54.3% per year) and the Czech Republic (-0.3% per year).

Import Prices by Country

In 2022, the average alumina import price amounted to $X per ton, growing by 23% against the previous year. Over the last decade, it increased at an average annual rate of +2.7%. The pace of growth was the most pronounced in 2017 when the average import price increased by 29%. Over the period under review, average import prices reached the maximum in 2022 and is likely to see gradual growth in the immediate term.

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

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Ireland (+3.2%), while the prices for the other major suppliers experienced a decline.

Source: IndexBox Platform

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