Price for Aluminium Oxide (Including Artificial Corundum); Aluminium Hydroxide in Serbia - 2023
Contents:
- Price for Aluminium Oxide (Including Artificial Corundum); Aluminium Hydroxide in Serbia (CIF) - 2023
- Price for Aluminium Oxide (Including Artificial Corundum); Aluminium Hydroxide in Serbia (FOB) - 2022
- Imports of Aluminium Oxide (Including Artificial Corundum); Aluminium Hydroxide in Serbia
- Exports of Aluminium Oxide (Including Artificial Corundum); Aluminium Hydroxide in Serbia
Price for Aluminium Oxide (Including Artificial Corundum); Aluminium Hydroxide in Serbia (CIF) - 2023
The average import price for aluminium oxide (including artificial corundum); aluminium hydroxide stood at $498 per ton in November 2023, therefore, remained relatively stable against the previous month. Overall, import price indicated a mild expansion from November 2022 to November 2023: its price increased at an average monthly rate of +1.2% over the last twelve-month period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on November 2023 figures, import price for aluminium oxide (including artificial corundum); aluminium hydroxide increased by +30.1% against August 2023 indices. The pace of growth appeared the most rapid in June 2023 an increase of 37% against the previous month. Over the period under review, average import prices attained the maximum at $620 per ton in April 2023; however, from May 2023 to November 2023, import prices stood at a somewhat lower figure.
Prices varied noticeably by the country of origin: the country with the highest price was China ($924 per ton), while the price for Bosnia and Herzegovina ($305 per ton) was amongst the lowest.
From November 2022 to November 2023, the most notable rate of growth in terms of prices was attained by Bosnia and Herzegovina (-0.6%), while the prices for the other major suppliers experienced a decline.
Price for Aluminium Oxide (Including Artificial Corundum); Aluminium Hydroxide in Serbia (FOB) - 2022
The average export price for aluminium oxide (including artificial corundum); aluminium hydroxide stood at $1,468 per ton in 2022, dropping by -29.5% against the previous year. Over the period under review, the export price, however, saw a tangible expansion. The pace of growth appeared the most rapid in 2020 when the average export price increased by 136%. As a result, the export price attained the peak level of $2,672 per ton. From 2021 to 2022, the average export prices remained at a somewhat lower figure.
There were significant differences in the average prices for the major overseas markets. In 2022, amid the top suppliers, the country with the highest price was Bosnia and Herzegovina ($3,359 per ton), while the average price for exports to Germany ($1,256 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 Israel (+43.2%), while the prices for the other major destinations experienced more modest paces of growth.
Imports of Aluminium Oxide (Including Artificial Corundum); Aluminium Hydroxide in Serbia
In 2022, the amount of aluminium oxide (including artificial corundum); aluminium hydroxide imported into Serbia rose slightly to 12K tons, picking up by 2% against the year before. Over the period under review, total imports indicated a resilient expansion from 2019 to 2022: its volume increased at an average annual rate of +17.9% over the last three-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +64.0% against 2019 indices. The pace of growth appeared the most rapid in 2021 with an increase of 41%. Over the period under review, imports of reached the peak figure in 2022 and are expected to retain growth in the near future.
In value terms, imports of aluminium oxide (including artificial corundum); aluminium hydroxide skyrocketed to $4.8M in 2022. Overall, total imports indicated resilient growth from 2019 to 2022: its value increased at an average annual rate of +18.0% over the last three years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +69.7% against 2020 indices. The pace of growth appeared the most rapid in 2021 with an increase of 40%. Over the period under review, imports of reached the maximum in 2022 and are expected to retain growth in years to come.
| Import of Aluminium Oxide (Including Artificial Corundum); Aluminium Hydroxide in Serbia (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Bosnia and Herzegovina | 1.5 | 1.8 | 2.9 | 3.3 | 30.1% |
| Germany | 0.3 | 0.3 | 0.3 | 0.4 | 10.1% |
| Others | 1.1 | 0.8 | 0.8 | 1.1 | 0.0% |
| Total | 2.9 | 2.8 | 4.0 | 4.8 | 18.3% |
Top Suppliers of Aluminium Oxide (Including Artificial Corundum); Aluminium Hydroxide to Serbia in 2022:
- Bosnia and Herzegovina (11.4K tons)
- Germany (0.2K tons)
Exports of Aluminium Oxide (Including Artificial Corundum); Aluminium Hydroxide in Serbia
In 2022, exports of aluminium oxide (including artificial corundum); aluminium hydroxide from Serbia skyrocketed to 114 tons, jumping by 659% compared with 2021. Over the period under review, exports saw a strong increase. As a result, the exports attained the peak and are likely to continue growth in the immediate term.
In value terms, exports of aluminium oxide (including artificial corundum); aluminium hydroxide soared to $167K in 2022. Overall, exports recorded a significant expansion. The pace of growth was the most pronounced in 2021 when exports increased by 444%. The exports peaked in 2022 and are likely to see gradual growth in years to come.
| Export of Aluminium Oxide (Including Artificial Corundum); Aluminium Hydroxide in Serbia (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Russia | N/A | N/A | 12.1 | 117 | 866.9% |
| Germany | 1.0 | N/A | 0.3 | 26.4 | 197.8% |
| Netherlands | N/A | N/A | N/A | 11.4 | 0% |
| Bosnia and Herzegovina | 17.5 | 2.0 | 10.1 | 6.2 | -29.2% |
| North Macedonia | 39.2 | 0.5 | N/A | 1.4 | -67.1% |
| United Arab Emirates | 23.9 | N/A | N/A | N/A | 0% |
| Others | 4.5 | 3.3 | 8.6 | 4.0 | -3.9% |
| Total | 86.2 | 5.7 | 31.2 | 167 | 24.7% |
Top Export Markets for Aluminium Oxide (Including Artificial Corundum); Aluminium Hydroxide from Serbia in 2022:
- Russia (79.2 tons)
- Germany (21.0 tons)
- Netherlands (8.5 tons)
- Bosnia and Herzegovina (1.8 tons)
- North Macedonia (0.9 tons)
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