EU: Non-Alloy Aluminium Bar Market 2024

Non-Alloy Aluminium Bar Market Size in the EU

After two years of growth, the EU non-alloy aluminium bar market decreased by X% to $X in 2023. The total consumption indicated prominent growth from 2012 to 2023: its value 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 2023 figures, consumption increased by X% against 2020 indices. As a result, consumption attained the peak level of $X, and then fell dramatically in the following year.

Non-Alloy Aluminium Bar Production in the EU

In value terms, non-alloy aluminium bar production declined to $X in 2023 estimated in export price. Overall, production, however, showed a strong expansion. The pace of growth appeared the most rapid in 2021 with an increase of X%. The level of production peaked at $X in 2022, and then fell in the following year.

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Non-Alloy Aluminium Bar Exports

Exports in the EU

In 2023, approx. X tons of non-alloy aluminium bars, rods and profiles were exported in the European Union; with a decrease of X% compared with 2022 figures. In general, exports showed a noticeable contraction. The most prominent rate of growth was recorded in 2021 when exports increased by X%. Over the period under review, the exports reached the maximum at X tons in 2012; however, from 2013 to 2023, the exports failed to regain momentum.

In value terms, non-alloy aluminium bar exports fell remarkably to $X in 2023. Overall, exports recorded a relatively flat trend pattern. The pace of growth was the most pronounced in 2021 when exports increased by X% against the previous year. The level of export peaked at $X in 2022, and then reduced notably in the following year.

Exports by Country

Greece (X tons) and Spain (X tons) represented roughly X% of total exports in 2023. Slovakia (X tons) ranks next in terms of the total exports with a X% share, followed by Italy (X%) and France (X%). The following exporters - Belgium (X tons) and Portugal (X tons) - each finished at an X% share of total exports.

From 2012 to 2023, the most notable rate of growth in terms of shipments, amongst the leading exporting countries, was attained by Slovakia (with a CAGR of X%), while the other leaders experienced more modest paces of growth.

In value terms, the largest non-alloy aluminium bar supplying countries in the European Union were Spain ($X), Greece ($X) and Italy ($X), with a combined X% share of total exports. Slovakia, Belgium, Portugal and France lagged somewhat behind, together accounting for a further X%.

In terms of the main exporting countries, Slovakia, with a CAGR of X%, recorded the highest growth rate of the value of exports, over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

The export price in the European Union stood at $X per ton in 2023, declining by X% against the previous year. Over the period from 2012 to 2023, it increased at an average annual rate of X%. The pace of growth appeared the most rapid in 2013 when the export price increased by X%. The level of export peaked at $X per ton in 2022, and then shrank in the following year.

Prices varied noticeably by country of origin: amid the top suppliers, the country with the highest price was Italy ($X per ton), while Slovakia ($X per ton) was amongst the lowest.

From 2012 to 2023, the most notable rate of growth in terms of prices was attained by Belgium (X%), while the other leaders experienced more modest paces of growth.

Non-Alloy Aluminium Bar Imports

Imports in the EU

In 2023, purchases abroad of non-alloy aluminium bars, rods and profiles decreased by X% to X tons, falling for the second year in a row after two years of growth. In general, imports showed a slight shrinkage. The most prominent rate of growth was recorded in 2021 when imports increased by X%. As a result, imports attained the peak of X tons. From 2022 to 2023, the growth of imports remained at a lower figure.

In value terms, non-alloy aluminium bar imports reduced notably to $X in 2023. Overall, imports, however, recorded a relatively flat trend pattern. The growth pace was the most rapid in 2021 when imports increased by X%. As a result, imports attained the peak of $X. From 2022 to 2023, the growth of imports failed to regain momentum.

Imports by Country

The countries with the highest levels of non-alloy aluminium bar imports in 2023 were France (X tons), Italy (X tons), Belgium (X tons), Spain (X tons), Slovakia (X tons), the Netherlands (X tons), Germany (X tons), Romania (X tons), Portugal (X tons), Hungary (X tons), Austria (X tons) and Poland (X tons), together resulting at X% of total import.

From 2012 to 2023, the most notable rate of growth in terms of purchases, amongst the key importing countries, was attained by Slovakia (with a CAGR of X%), while imports for the other leaders experienced more modest paces of growth.

In value terms, the largest non-alloy aluminium bar importing markets in the European Union were France ($X), the Netherlands ($X) and Slovakia ($X), together accounting for X% of total imports.

Slovakia, with a CAGR of X%, recorded the highest growth rate of the value of imports, among 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 2023, the import price in the European Union amounted to $X per ton, flattening at the previous year. Over the last eleven years, it increased at an average annual rate of X%. The growth pace was the most rapid in 2020 an increase of X%. Over the period under review, import prices reached the maximum in 2023 and is likely to see steady growth in the immediate term.

There were significant differences in the average prices amongst the major importing countries. In 2023, amid the top importers, the country with the highest price was the Netherlands ($X per ton), while Belgium ($X per ton) was amongst the lowest.

From 2012 to 2023, the most notable rate of growth in terms of prices was attained by the Netherlands (X%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform