Spain - Bauxite - Market Analysis, Forecast, Size, Trends And Insights
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View PricingSignificant Decrease in Bauxite Imports to $109M Recorded in Spain for 2023
Spain Bauxite Imports
In 2023, overseas purchases of bauxite decreased by -58.5% to 1.7M tons, falling for the third consecutive year after four years of growth. Overall, imports continue to indicate a deep setback. The most prominent rate of growth was recorded in 2017 when imports increased by 37%. Imports peaked at 4.4M tons in 2020; however, from 2021 to 2023, imports stood at a somewhat lower figure.
In value terms, bauxite imports declined significantly to $109M (IndexBox estimates) in 2023. In general, imports showed a abrupt decrease. The pace of growth was the most pronounced in 2018 when imports increased by 38%. Over the period under review, imports attained the peak figure at $257M in 2022, and then dropped notably in the following year.
| COUNTRY | Import Value of Bauxite in Spain (million USD) | ||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|
| 2013 | 2014 | 2015 | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | |
| Guinea | 170 | 172 | 168 | 94.7 | 116 | 172 | 185 | 199 | 186 | 235 | 102 |
| Guyana | 4.4 | 4.5 | 5.1 | 4.8 | 2.9 | 7.2 | 2.3 | 5.1 | 9.2 | 10.3 | 2.6 |
| China | 4.7 | 6.5 | 7.9 | 3.5 | 4.8 | 7.0 | 3.9 | 2.7 | 6.7 | 8.9 | 2.2 |
| Others | 3.3 | 3.1 | 2.0 | 3.0 | 18.9 | 9.9 | 14.5 | 9.3 | 4.3 | 3.0 | 2.4 |
| Total | 183 | 186 | 183 | 106 | 142 | 197 | 205 | 216 | 206 | 257 | 109 |
Imports by Country
In 2023, Guinea (1.7M tons) was the main bauxite supplier to Spain, accounting for a 98% share of total imports. It was followed by Guyana (8.6K tons), with a 0.5% share of total imports.
From 2013 to 2023, the average annual rate of growth in terms of volume from Guinea amounted to -6.9%. The remaining supplying countries recorded the following average annual rates of imports growth: Guyana (-1.2% per year) and China (-10.2% per year).
In value terms, Guinea ($102M) constituted the largest supplier of bauxite to Spain, comprising 93% of total imports. The second position in the ranking was taken by Guyana ($2.6M), with a 2.4% share of total imports.
From 2013 to 2023, the average annual rate of growth in terms of value from Guinea amounted to -5.0%. The remaining supplying countries recorded the following average annual rates of imports growth: Guyana (-5.0% per year) and China (-7.2% per year).
Import Prices by Country
In 2023, the bauxite price amounted to $65 per ton (CIF, Spain), growing by 2.4% against the previous year. Over the period from 2013 to 2023, it increased at an average annual rate of +2.0%. The growth pace was the most rapid in 2022 when the average import price increased by 26%. Over the period under review, average import prices attained the peak figure in 2023 and is likely to see steady growth in years to come.
As there is only one major supplying country, the average price level is determined by prices for Guinea.
From 2013 to 2023, the rate of growth in terms of prices for Guinea amounted to +2.0% per year.
This report provides an in-depth analysis of the bauxite market in Spain. Within it, you will discover the latest data on market trends and opportunities by country, consumption, production and price developments, as well as the global trade (imports and exports). The forecast exhibits the market prospects through 2030.
Product coverage:
- Prodcom 07291300 - Aluminium ores and concentrates
Country coverage:
- Spain
Data coverage:
- Market volume and value
- Per Capita consumption
- Forecast of the market dynamics in the medium term
- Trade (exports and imports) in Spain
- Export and import prices
- Market trends, drivers and restraints
- Key market players and their profiles
Reasons to buy this report:
- Take advantage of the latest data
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This report is designed for manufacturers, distributors, importers, and wholesalers, as well as for investors, consultants and advisors.
In this report, you can find information that helps you to make informed decisions on the following issues:
- How to diversify your business and benefit from new market opportunities
- How to load your idle production capacity
- How to boost your sales on overseas markets
- How to increase your profit margins
- How to make your supply chain more sustainable
- How to reduce your production and supply chain costs
- How to outsource production to other countries
- How to prepare your business for global expansion
While doing this research, we combine the accumulated expertise of our analysts and the capabilities of artificial intelligence. The AI-based platform, developed by our data scientists, constitutes the key working tool for business analysts, empowering them to discover deep insights and ideas from the marketing data.
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1. INTRODUCTION
Making Data-Driven Decisions to Grow Your Business
- REPORT DESCRIPTION
- RESEARCH METHODOLOGY AND AI PLATFORM
- DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
- GLOSSARY AND SPECIFIC TERMS
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2. EXECUTIVE SUMMARY
A Quick Overview of Market Performance
- KEY FINDINGS
- MARKET TRENDS This Chapter is Available Only for the Professional Edition PRO
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3. MARKET OVERVIEW
Understanding the Current State of The Market and Its Prospects
- MARKET SIZE
- MARKET STRUCTURE
- TRADE BALANCE
- PER CAPITA CONSUMPTION
- MARKET FORECAST TO 2030
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4. MOST PROMISING PRODUCT
Finding New Products to Diversify Your Business
This Chapter is Available Only for the Professional Edition PRO- TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
- BEST-SELLING PRODUCTS
- MOST CONSUMED PRODUCT
- MOST TRADED PRODUCT
- MOST PROFITABLE PRODUCT FOR EXPORT
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5. MOST PROMISING SUPPLYING COUNTRIES
Choosing the Best Countries to Establish Your Sustainable Supply Chain
This Chapter is Available Only for the Professional Edition PRO- TOP COUNTRIES TO SOURCE YOUR PRODUCT
- TOP PRODUCING COUNTRIES
- TOP EXPORTING COUNTRIES
- LOW-COST EXPORTING COUNTRIES
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6. MOST PROMISING OVERSEAS MARKETS
Choosing the Best Countries to Boost Your Exports
This Chapter is Available Only for the Professional Edition PRO- TOP OVERSEAS MARKETS FOR EXPORTING YOUR PRODUCT
- TOP CONSUMING MARKETS
- UNSATURATED MARKETS
- TOP IMPORTING MARKETS
- MOST PROFITABLE MARKETS
7. PRODUCTION
The Latest Trends and Insights into The Industry
- PRODUCTION VOLUME AND VALUE
8. IMPORTS
The Largest Import Supplying Countries
- IMPORTS FROM 2012–2023
- IMPORTS BY COUNTRY
- IMPORT PRICES BY COUNTRY
9. EXPORTS
The Largest Destinations for Exports
- EXPORTS FROM 2012–2023
- EXPORTS BY COUNTRY
- EXPORT PRICES BY COUNTRY
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10. PROFILES OF MAJOR PRODUCERS
The Largest Producers on The Market and Their Profiles
This Chapter is Available Only for the Professional Edition PRO -
LIST OF TABLES
- Key Findings In 2023
- Market Volume, In Physical Terms, 2012–2023
- Market Value, 2012–2023
- Per Capita Consumption In 2012-2023
- Imports, In Physical Terms, By Country, 2012–2023
- Imports, In Value Terms, By Country, 2012–2023
- Import Prices, By Country Of Origin, 2012–2023
- Exports, In Physical Terms, By Country, 2012–2023
- Exports, In Value Terms, By Country, 2012–2023
- Export Prices, By Country Of Destination, 2012–2023
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LIST OF FIGURES
- Market Volume, In Physical Terms, 2012–2023
- Market Value, 2012–2023
- Market Structure – Domestic Supply vs. Imports, In Physical Terms, 2012-2023
- Market Structure – Domestic Supply vs. Imports, In Value Terms, 2012-2023
- Trade Balance, In Physical Terms, 2012-2023
- Trade Balance, In Value Terms, 2012-2023
- Per Capita Consumption, 2012-2023
- Market Volume Forecast to 2030
- Market Value Forecast to 2030
- Products: Market Size And Growth, By Type
- Products: Average Per Capita Consumption, By Type
- Products: Exports And Growth, By Type
- Products: Export Prices And Growth, By Type
- Production Volume And Growth
- Exports And Growth
- Export Prices And Growth
- Market Size And Growth
- Per Capita Consumption
- Imports And Growth
- Import Prices
- Production, In Physical Terms, 2012–2023
- Production, In Value Terms, 2012–2023
- Imports, In Physical Terms, 2012–2023
- Imports, In Value Terms, 2012–2023
- Imports, In Physical Terms, By Country, 2023
- Imports, In Physical Terms, By Country, 2012–2023
- Imports, In Value Terms, By Country, 2012–2023
- Import Prices, By Country Of Origin, 2012–2023
- Exports, In Physical Terms, 2012–2023
- Exports, In Value Terms, 2012–2023
- Exports, In Physical Terms, By Country, 2023
- Exports, In Physical Terms, By Country, 2012–2023
- Exports, In Value Terms, By Country, 2012–2023
- Export Prices, By Country Of Destination, 2012–2023
