Bulgaria: Alumina Market Overview 2020

Alumina Market Size in Bulgaria

After three years of growth, the Bulgarian alumina market decreased by -X% to $X in 2019. Over the period under review, consumption, however, enjoyed a tangible expansion. The pace of growth appeared the most rapid in 2012 with an increase of X% against the previous year. Over the period under review, the market attained the peak level at $X in 2018, and then dropped dramatically in the following year.

Alumina Exports

Exports from Bulgaria

In 2019, shipments abroad of alumina increased by X% to X tonnes, rising for the third year in a row after eight years of decline. Over the period under review, exports saw a significant increase. The growth pace was the most rapid in 2017 when exports increased by X% y-o-y. Exports peaked in 2019 and are likely to see gradual growth in years to come.

In value terms, alumina exports skyrocketed to $X in 2019. Overall, exports saw resilient growth. The most prominent rate of growth was recorded in 2018 when exports increased by X% year-to-year. Over the period under review, exports attained the maximum in 2019 and are expected to retain growth in the immediate term.

Exports by Country

The Netherlands (X tonnes) was the main destination for alumina exports from Bulgaria, with a approx. X% share of total exports.

From 2007 to 2018, the average annual rate of growth in terms of volume to the Netherlands stood at +X%.

In value terms, the Netherlands ($X) also remains the key foreign market for alumina exports from Bulgaria.

From 2007 to 2018, the average annual growth rate of value to the Netherlands amounted to -X%.

Export Prices by Country

The average alumina export price stood at $X per tonne in 2018, surging by X% against the previous year. Over the period under review, the export price, however, continues to indicate a abrupt decline. The export price peaked at $X per tonne in 2007; however, from 2008 to 2018, export prices failed to regain the momentum.

As there is only one major export destination, the average price level is determined by prices for the Netherlands.

From 2007 to 2018, the rate of growth in terms of prices for the Netherlands amounted to -X% per year.

Alumina Imports

Imports into Bulgaria

After three years of growth, supplies from abroad of alumina decreased by -X% to X tonnes in 2019. Overall, imports, however, enjoyed a slight increase. The pace of growth appeared the most rapid in 2012 when imports increased by X% year-to-year. Imports peaked at X tonnes in 2018, and then reduced rapidly in the following year.

In value terms, alumina imports dropped significantly to $X in 2019. Over the period under review, imports, however, saw a notable increase. The pace of growth was the most pronounced in 2017 when imports increased by X% y-o-y. Imports peaked at $X in 2018, and then dropped sharply in the following year.

Imports by Country

France (X tonnes), Austria (X tonnes) and Hungary (X tonnes) were the main suppliers of alumina imports to Bulgaria.

From 2007 to 2018, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by Austria, while imports for the other leaders experienced more modest paces of growth.

In value terms, the largest alumina suppliers to Bulgaria were Germany ($X), Hungary ($X) and Luxembourg ($X), together accounting for X% of total imports.

Luxembourg recorded the highest growth rate of 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

In 2018, the average alumina import price amounted to $X per tonne, increasing by X% against the previous year. Overall, import price indicated a noticeable expansion from 2007 to 2018: its price increased at an average annual rate of +X% over the last eleven-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2018 figures, alumina import price increased by +X% against 2016 indices. The most prominent rate of growth was recorded in 2008 when the average import price increased by X% year-to-year. The import price peaked at $X per tonne in 2009; however, from 2010 to 2018, import prices remained at a lower figure.

There were significant differences in the average prices amongst the major supplying countries. In 2018, the country with the highest price was Luxembourg ($X per tonne), while the price for Austria ($X per tonne) was amongst the lowest.

From 2007 to 2018, the most notable rate of growth in terms of prices was attained by Bosnia and Herzegovina, while the prices for the other major suppliers experienced a decline.

Source: IndexBox AI Platform

Frequently Asked Questions (FAQ) :

What are the largest markets for alumina in the world?

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China (82M tonnes) constituted the country with the largest volume of alumina consumption, comprising approx. 60% of total volume. Moreover, alumina consumption in China exceeded the figures recorded by the second-largest consumer, Russia (8.8M tonnes), ninefold. The third position in this ranking was occupied by India (8.4M tonnes), with a 6.2% share.

What are the largest producers of alumina in the world?

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China (81M tonnes) remains the largest alumina producing country worldwide, accounting for 58% of total volume. Moreover, alumina production in China exceeded the figures recorded by the second-largest producer, Australia (19M tonnes), fourfold. Brazil (8.9M tonnes) ranked third in terms of total production with a 6.3% share.

What are the leading suppliers of alumina to Bulgaria?

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In value terms, Germany ($528K), Hungary ($302K) and Luxembourg ($263K) constituted the largest alumina suppliers to Bulgaria, with a combined 60% share of total imports.

What are the leading importers of alumina from Bulgaria?

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In value terms, the Netherlands ($1.3K) remains the key foreign market for alumina exports from Bulgaria.

What is the average export price for alumina in Bulgaria?

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In 2018, the average alumina export price amounted to $922 per tonne, growing by 15% against the previous year.

What is the average import price for alumina in Bulgaria?

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The average alumina import price stood at $1,384 per tonne in 2018, increasing by 8.2% against the previous year.