United Kingdom: Alumina Market 2024

Alumina Market Size in the UK

After four years of decline, the UK alumina market increased by 30% to $X in 2022. In general, consumption saw a relatively flat trend pattern. As a result, consumption attained the peak level of $X. From 2018 to 2022, the growth of the market remained at a lower figure.

Alumina Production in the UK

In value terms, alumina production dropped to $X in 2022 estimated in export price. Over the period under review, production faced a sharp decline. The growth pace was the most rapid in 2015 when the production volume increased by 20% against the previous year. Over the period under review, production hit record highs at $X in 2018; however, from 2019 to 2022, production stood at a somewhat lower figure.

Alumina Exports

Exports from the UK

In 2022, the amount of alumina exported from the UK dropped markedly to X tons, falling by -20.3% compared with the year before. In general, exports saw a slight decline. The most prominent rate of growth was recorded in 2015 when exports increased by 20% against the previous year. Over the period under review, the exports attained the maximum at X tons in 2016; however, from 2017 to 2022, the exports stood at a somewhat lower figure.

In value terms, alumina exports reduced modestly to $X in 2022. Over the period under review, exports recorded a mild curtailment. The growth pace was the most rapid in 2021 with an increase of 46%. Over the period under review, the exports reached the maximum at $X in 2012; however, from 2013 to 2022, the exports failed to regain momentum.

Exports by Country

Belgium (X tons), Saudi Arabia (X tons) and the Netherlands (X tons) were the main destinations of alumina exports from the UK, with a combined 63% share of total exports.

From 2012 to 2022, the biggest increases were recorded for Saudi Arabia (with a CAGR of +70.0%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, Belgium ($X) remains the key foreign market for alumina exports from the UK, comprising 27% of total exports. The second position in the ranking was held by Ireland ($X), with an 8.1% share of total exports. It was followed by Germany, with a 6.9% share.

From 2012 to 2022, the average annual rate of growth in terms of value to Belgium stood at +35.1%. Exports to the other major destinations recorded the following average annual rates of exports growth: Ireland (-0.4% per year) and Germany (-1.8% per year).

Export Prices by Country

In 2022, the average alumina export price amounted to $X per ton, surging by 19% against the previous year. Over the period under review, the export price, however, showed a relatively flat trend pattern. The pace of growth appeared the most rapid in 2021 an increase of 40%. The export price peaked at $X per ton in 2012; however, from 2013 to 2022, the export prices stood at a somewhat lower figure.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was the United States ($X per ton), while the average price for exports to Saudi Arabia ($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 Italy (+25.7%), while the prices for the other major destinations experienced more modest paces of growth.

Alumina Imports

Imports into the UK

In 2022, purchases abroad of alumina was finally on the rise to reach X tons after four years of decline. Overall, imports continue to indicate a moderate expansion. The growth pace was the most rapid in 2015 when imports increased by 105%. Imports peaked at X tons in 2017; however, from 2018 to 2022, imports failed to regain momentum.

In value terms, alumina imports skyrocketed to $X in 2022. Over the period under review, imports posted notable growth. The pace of growth appeared the most rapid in 2017 when imports increased by 173%. As a result, imports attained the peak of $X. From 2018 to 2022, the growth of imports remained at a lower figure.

Imports by Country

In 2022, Ireland (X tons) constituted the largest supplier of alumina to the UK, accounting for a 53% share of total imports. Moreover, alumina imports from Ireland exceeded the figures recorded by the second-largest supplier, Germany (X tons), fourfold. Hungary (X tons) ranked third in terms of total imports with a 9.4% share.

From 2012 to 2022, the average annual growth rate of volume from Ireland amounted to +11.5%. The remaining supplying countries recorded the following average annual rates of imports growth: Germany (-3.1% per year) and Hungary (+9.4% per year).

In value terms, Ireland ($X) constituted the largest supplier of alumina to the UK, comprising 39% of total imports. The second position in the ranking was held by Germany ($X), with an 18% share of total imports. It was followed by Hungary, with an 8.9% share.

From 2012 to 2022, the average annual rate of growth in terms of value from Ireland amounted to +20.8%. The remaining supplying countries recorded the following average annual rates of imports growth: Germany (-3.0% per year) and Hungary (+10.8% per year).

Import Prices by Country

In 2022, the average alumina import price amounted to $X per ton, increasing by 33% against the previous year. Overall, the import price, however, recorded a slight shrinkage. The growth pace was the most rapid in 2017 when the average import price increased by 71% against the previous year. The import price peaked at $X per ton in 2013; however, from 2014 to 2022, import prices stood at a somewhat lower figure.

There were significant differences in the average prices amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was China ($X per ton), while the price for Ireland ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by China (+17.0%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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