Bulgaria: Alumina Market Overview 2021

Alumina Market Size in Bulgaria

In 2020, the Bulgarian alumina market decreased by -X% to $X, falling for the second consecutive year after three years of growth. In general, consumption, however, saw a perceptible shrinkage. The growth pace was the most rapid in 2016 with an increase of X% year-to-year. Alumina consumption peaked at $X in 2018; however, from 2019 to 2020, consumption stood at a somewhat lower figure.

Alumina Exports

Exports from Bulgaria

In 2020, after three years of growth, there was significant decline in overseas shipments of alumina, when their volume decreased by -X% to X tonnes. In general, exports showed a deep reduction. The pace of growth appeared the most rapid in 2018 when exports increased by X% year-to-year. Exports peaked at X tonnes in 2012; however, from 2013 to 2020, exports remained at a lower figure.

In value terms, alumina exports fell remarkably to $X in 2020. Overall, exports continue to indicate a abrupt downturn. The pace of growth appeared the most rapid in 2018 when exports increased by X% against the previous year. Over the period under review, exports reached the maximum at $X in 2012; however, from 2013 to 2020, exports stood at a somewhat lower figure.

Exports by Country

The Netherlands (X tonnes) was the main destination for alumina exports from Bulgaria, accounting for a X% share of total exports. It was followed by Macedonia (X kg), with a X% share of total exports.

From 2007 to 2020, the average annual rate of growth in terms of volume to the Netherlands totaled -X%.

In value terms, the Netherlands ($X) remains the key foreign market for alumina exports from Bulgaria, comprising X% of total exports. The second position in the ranking was occupied by Macedonia ($X), with a X% share of total exports.

From 2007 to 2020, 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 2020, falling by -X% against the previous year. Overall, the export price, however, enjoyed a resilient increase. The most prominent rate of growth was recorded in 2014 an increase of X% year-to-year. The export price peaked at $X per tonne in 2019, and then contracted in the following year.

Prices varied noticeably by the country of destination; the country with the highest price was Macedonia ($X per tonne), while the average price for exports to the Netherlands amounted to $X per tonne.

From 2007 to 2020, the most notable rate of growth in terms of prices was recorded for supplies to Macedonia.

Alumina Imports

Imports into Bulgaria

In 2020, overseas purchases of alumina decreased by -X% to X tonnes, falling for the second year in a row after three years of growth. Over the period under review, imports continue to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in 2012 when imports increased by X% y-o-y. Imports peaked at X tonnes in 2018; however, from 2019 to 2020, imports remained at a lower figure.

In value terms, alumina imports declined significantly to $X in 2020. Overall, imports continue to indicate a noticeable reduction. The most prominent rate of growth was recorded in 2012 with an increase of X% against the previous year. Over the period under review, imports hit record highs at $X in 2018; however, from 2019 to 2020, imports remained at a lower figure.

Imports by Country

In 2020, Austria (X tonnes) constituted the largest supplier of alumina to Bulgaria, with a X% share of total imports. Moreover, alumina imports from Austria exceeded the figures recorded by the second-largest supplier, France (X tonnes), twofold. Hungary (X tonnes) ranked third in terms of total imports with a X% share.

From 2007 to 2020, the average annual rate of growth in terms of volume from Austria was relatively modest. The remaining supplying countries recorded the following average annual rates of imports growth: France (+X% per year) and Hungary (-X% per year).

In value terms, Austria ($X) constituted the largest supplier of alumina to Bulgaria, comprising X% of total imports. The second position in the ranking was occupied by Germany ($X), with a X% share of total imports. It was followed by France, with a X% share.

From 2007 to 2020, the average annual rate of growth in terms of value from Austria was relatively modest. The remaining supplying countries recorded the following average annual rates of imports growth: Germany (-X% per year) and France (+X% per year).

Import Prices by Country

The average alumina import price stood at $X per tonne in 2020, rising by X% against the previous year. Over the period under review, the import price, however, continues to indicate a perceptible downturn. The pace of growth was the most pronounced in 2009 when the average import price increased by X% y-o-y. As a result, import price attained the peak level of $X per tonne. From 2010 to 2020, the growth in terms of the average import prices failed to regain the momentum.

Prices varied noticeably by the country of origin; the country with the highest price was Germany ($X per tonne), while the price for Hungary ($X per tonne) was amongst the lowest.

From 2007 to 2020, the most notable rate of growth in terms of prices was attained by Austria, 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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The country with the largest volume of alumina consumption was China (95M tonnes), comprising approx. 62% of total volume. Moreover, alumina consumption in China exceeded the figures recorded by the second-largest consumer, Australia (13M tonnes), eightfold. India (8.1M tonnes) ranked third in terms of total consumption with a 5.3% share.

What are the largest producers of alumina in the world?

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China (91M tonnes) constituted the country with the largest volume of alumina production, accounting for 61% of total volume. Moreover, alumina production in China exceeded the figures recorded by the second-largest producer, Australia (19M tonnes), fivefold. Brazil (8.1M tonnes) ranked third in terms of total production with a 5.4% share.

What are the leading suppliers of alumina to Bulgaria?

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In value terms, Austria ($215K) constituted the largest supplier of alumina to Bulgaria, comprising 41% of total imports. The second position in the ranking was occupied by Germany ($92K), with a 18% share of total imports. It was followed by France, with a 16% share.

What are the leading importers of alumina from Bulgaria?

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In value terms, the Netherlands ($9.4K) remains the key foreign market for alumina exports from Bulgaria, comprising 68% of total exports. The second position in the ranking was occupied by Macedonia ($4.5K), with a 32% share of total exports.

What is the average export price for alumina in Bulgaria?

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The average alumina export price stood at $1,320 per tonne in 2020, waning by -10.9% against the previous year.

What is the average import price for alumina in Bulgaria?

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In 2020, the average alumina import price amounted to $647 per tonne, rising by 7.8% against the previous year.