EU: Aluminium Hydroxide Market 2023

Aluminium Hydroxide Market Size in the EU

After two years of decline, the EU aluminium hydroxide market increased by 7.8% to $X in 2022. The market value increased at an average annual rate of +1.5% from 2012 to 2022; the trend pattern remained consistent, with only minor fluctuations being recorded in certain years. The level of consumption peaked at $X in 2019; afterwards, it flattened through to 2022.

Aluminium Hydroxide Production in the EU

In value terms, aluminium hydroxide production surged to $X in 2022 estimated in export price. The total output value increased at an average annual rate of +2.6% from 2012 to 2022; the trend pattern remained consistent, with somewhat noticeable fluctuations being recorded in certain years. As a result, production reached the peak level and is likely to continue growth in the immediate term.

Aluminium Hydroxide Exports

Exports in the EU

In 2022, shipments abroad of aluminium hydroxide increased by 3.1% to X tons, rising for the second consecutive year after two years of decline. The total export volume increased at an average annual rate of +2.2% from 2012 to 2022; the trend pattern remained relatively stable, with only minor fluctuations being recorded throughout the analyzed period. The pace of growth was the most pronounced in 2021 when exports increased by 7.2%. The volume of export peaked at X tons in 2018; however, from 2019 to 2022, the exports remained at a lower figure.

In value terms, aluminium hydroxide exports expanded sharply to $X in 2022. The total export value increased at an average annual rate of +3.0% over the period from 2012 to 2022; the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The growth pace was the most rapid in 2021 with an increase of 21%. The level of export peaked in 2022 and is expected to retain growth in the immediate term.

Exports by Country

Germany (X tons) and Spain (X tons) represented the major exporters of aluminium hydroxide in 2022, finishing at near 32% and 27% of total exports, respectively. Greece (X tons) took a 15% share (based on physical terms) of total exports, which put it in second place, followed by the Netherlands (13%) and Ireland (4.9%). Slovenia (X tons) followed a long way behind the leaders.

From 2012 to 2022, the biggest increases were recorded for Slovenia (with a CAGR of +44.1%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, Germany ($X) remains the largest aluminium hydroxide supplier in the European Union, comprising 48% of total exports. The second position in the ranking was taken by Spain ($X), with a 12% share of total exports. It was followed by the Netherlands, with a 12% share.

From 2012 to 2022, the average annual growth rate of value in Germany totaled +2.4%. The remaining exporting countries recorded the following average annual rates of exports growth: Spain (+2.8% per year) and the Netherlands (+3.0% per year).

Export Prices by Country

In 2022, the export price in the European Union amounted to $X per ton, increasing by 9.6% against the previous year. Over the period under review, the export price continues to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in 2021 when the export price increased by 13% against the previous year. Over the period under review, the export prices reached the peak figure in 2022 and is likely to continue growth in years to come.

There were significant differences in the average prices amongst the major exporting countries. In 2022, amid the top suppliers, the country with the highest price was Germany ($X per ton), while Spain ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Ireland (+7.1%), while the other leaders experienced more modest paces of growth.

Aluminium Hydroxide Imports

Imports in the EU

Aluminium hydroxide imports dropped to X tons in 2022, which is down by -7.6% compared with 2021. The total import volume increased at an average annual rate of +2.9% over the period from 2012 to 2022; the trend pattern remained consistent, with only minor fluctuations being observed throughout the analyzed period. The growth pace was the most rapid in 2013 with an increase of 15% against the previous year. The volume of import peaked at X tons in 2021, and then shrank in the following year.

In value terms, aluminium hydroxide imports stood at $X in 2022. The total import value increased at an average annual rate of +4.0% from 2012 to 2022; the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The most prominent rate of growth was recorded in 2021 with an increase of 21% against the previous year. The level of import peaked in 2022 and is likely to see steady growth in the immediate term.

Imports by Country

In 2022, Italy (X tons), the Netherlands (X tons), Germany (X tons) and France (X tons) represented the major importer of aluminium hydroxide in the European Union, constituting 65% of total import. Sweden (X tons) held the next position in the ranking, followed by Hungary (X tons) and Slovenia (X tons). All these countries together held near 17% share of total imports.

From 2012 to 2022, the biggest increases were recorded for Hungary (with a CAGR of +26.7%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, Italy ($X), France ($X) and Germany ($X) appeared to be the countries with the highest levels of imports in 2022, with a combined 53% share of total imports. The Netherlands, Slovenia, Sweden and Hungary lagged somewhat behind, together comprising a further 24%.

Hungary, with a CAGR of +26.1%, saw the highest growth rate of the value of imports, in terms of the main importing countries over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

In 2022, the import price in the European Union amounted to $X per ton, picking up by 11% against the previous year. Over the period from 2012 to 2022, it increased at an average annual rate of +1.1%. The pace of growth appeared the most rapid in 2018 when the import price increased by 14% against the previous year. Over the period under review, import prices attained the peak figure in 2022 and is expected to retain growth in the immediate term.

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

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Slovenia (+5.0%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform

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