Croatia: Alumina Market 2023

Alumina Market Size in Croatia

In 2022, the Croatian alumina market increased by 22% to $X, rising for the second year in a row after two years of decline. In general, consumption saw a strong increase. Alumina consumption peaked in 2022 and is likely to see gradual growth in the near future.

Alumina Exports

Exports from Croatia

In 2022, overseas shipments of alumina increased by 47% to X tons, rising for the third consecutive year after three years of decline. In general, exports showed a significant expansion. The pace of growth appeared the most rapid in 2015 when exports increased by 9,891% against the previous year. Over the period under review, the exports attained the peak figure at X tons in 2016; however, from 2017 to 2022, the exports remained at a lower figure.

In value terms, alumina exports surged to $X in 2022. Overall, exports continue to indicate a significant expansion. The most prominent rate of growth was recorded in 2015 when exports increased by 8,021%. As a result, the exports reached the peak of $X. From 2016 to 2022, the growth of the exports remained at a lower figure.

Exports by Country

The United States (X tons) was the main destination for alumina exports from Croatia, with a 80% share of total exports. Moreover, alumina exports to the United States exceeded the volume sent to the second major destination, Turkey (X tons), sixfold. Slovenia (X tons) ranked third in terms of total exports with a 6.1% share.

From 2012 to 2022, the average annual rate of growth in terms of volume to the United States stood at +417.7%. Exports to the other major destinations recorded the following average annual rates of exports growth: Turkey (-34.3% per year) and Slovenia (-23.8% per year).

In value terms, the United States ($X) remains the key foreign market for alumina exports from Croatia, comprising 64% of total exports. The second position in the ranking was taken by Turkey ($X), with an 18% share of total exports. It was followed by Slovenia, with a 15% share.

From 2012 to 2022, the average annual rate of growth in terms of value to the United States amounted to +381.0%. Exports to the other major destinations recorded the following average annual rates of exports growth: Turkey (+57.9% per year) and Slovenia (+7.9% per year).

Export Prices by Country

In 2022, the average alumina export price amounted to $X per ton, with an increase of 42% against the previous year. In general, the export price posted a strong increase. The growth pace was the most rapid in 2017 an increase of 404% against the previous year. Over the period under review, the average export prices reached the peak figure at $X per ton in 2020; however, from 2021 to 2022, the export prices stood at a somewhat lower figure.

There were significant differences in the average prices for the major foreign markets. In 2022, amid the top suppliers, the country with the highest price was Bosnia and Herzegovina ($X per ton), while the average price for exports to the United States ($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 Montenegro (+182.0%), while the prices for the other major destinations experienced more modest paces of growth.

Alumina Imports

Imports into Croatia

In 2022, purchases abroad of alumina increased by 31% to X tons, rising for the second year in a row after two years of decline. Overall, imports saw resilient growth. The pace of growth appeared the most rapid in 2018 with an increase of 134%. Imports peaked in 2022 and are likely to see gradual growth in years to come.

In value terms, alumina imports surged to $X in 2022. In general, imports enjoyed a significant increase. The pace of growth was the most pronounced in 2021 with an increase of 161% against the previous year. Imports peaked in 2022 and are expected to retain growth in the near future.

Imports by Country

In 2022, Germany (X tons) constituted the largest supplier of alumina to Croatia, with a 63% share of total imports. Moreover, alumina imports from Germany exceeded the figures recorded by the second-largest supplier, Slovenia (X tons), threefold. Austria (X tons) ranked third in terms of total imports with a 6.9% share.

From 2012 to 2022, the average annual rate of growth in terms of volume from Germany totaled +47.9%. The remaining supplying countries recorded the following average annual rates of imports growth: Slovenia (+32.0% per year) and Austria (+72.1% per year).

In value terms, Germany ($X) constituted the largest supplier of alumina to Croatia, comprising 71% of total imports. The second position in the ranking was held by France ($X), with an 8.8% share of total imports. It was followed by Slovenia, with a 7.7% share.

From 2012 to 2022, the average annual growth rate of value from Germany stood at +42.1%. The remaining supplying countries recorded the following average annual rates of imports growth: France (+48.2% per year) and Slovenia (+29.7% per year).

Import Prices by Country

The average alumina import price stood at $X per ton in 2022, shrinking by -11.9% against the previous year. In general, the import price, however, enjoyed a buoyant expansion. The most prominent rate of growth was recorded in 2021 an increase of 114% against the previous year. As a result, import price attained the peak level of $X per ton, and then contracted in the following year.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was France ($X per ton), while the price for Austria ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Bosnia and Herzegovina (+14.0%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Market Intelligence Platform

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