Europe: Aluminium Hydroxide Market 2023

Aluminium Hydroxide Market Size in Europe

In 2021, the Europe aluminium hydroxide market decreased by -8.6% to $X for the first time since 2015, thus ending a five-year rising trend. In general, consumption, however, enjoyed a significant increase. As a result, consumption reached the peak level of $X, and then fell in the following year.

Aluminium Hydroxide Production in Europe

In value terms, aluminium hydroxide production declined rapidly to $X in 2021 estimated in export price. In general, production, however, recorded a prominent expansion. The most prominent rate of growth was recorded in 2020 when the production volume increased by 82%. As a result, production attained the peak level of $X, and then shrank sharply in the following year.

Aluminium Hydroxide Exports

Exports in Europe

In 2021, approx. X tons of aluminium hydroxide were exported in Europe; growing by 13% against the previous year's figure. Overall, exports recorded significant growth. The pace of growth was the most pronounced in 2020 with an increase of 471%. The volume of export peaked in 2021 and is expected to retain growth in the near future.

In value terms, aluminium hydroxide exports soared to $X in 2021. Over the period under review, exports showed a significant expansion. The most prominent rate of growth was recorded in 2020 when exports increased by 770%. Over the period under review, the exports hit record highs in 2021 and are likely to see gradual growth in the near future.

Exports by Country

In 2021, Germany (X tons) and Spain (X tons) were the key exporters of aluminium hydroxide in Europe, together accounting for near 48% of total exports. Bosnia and Herzegovina (X tons) took a 12% share (based on physical terms) of total exports, which put it in second place, followed by the Netherlands (12%), Greece (11%) and Romania (6%). Ireland (X tons) held a little share of total exports.

From 2012 to 2021, the most notable rate of growth in terms of shipments, amongst the key exporting countries, was attained by Spain (with a CAGR of +26.9%), while the other leaders experienced more modest paces of growth.

In value terms, Germany ($X) remains the largest aluminium hydroxide supplier in Europe, comprising 44% of total exports. The second position in the ranking was held by Spain ($X), with a 13% share of total exports. It was followed by the Netherlands, with a 10% share.

From 2012 to 2021, the average annual rate of growth in terms of value in Germany amounted to +28.2%. In the other countries, the average annual rates were as follows: Spain (+37.1% per year) and the Netherlands (+23.7% per year).

Export Prices by Country

The export price in Europe stood at $X per ton in 2021, growing by 11% against the previous year. Overall, the export price showed strong growth. The growth pace was the most rapid in 2020 when the export price increased by 52% against the previous year. Over the period under review, the export prices attained the maximum in 2021 and is expected to retain growth in years to come.

Prices varied noticeably country of origin: the country with the highest price was Germany ($X per ton), while Romania ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Germany (+17.6%), while the other leaders experienced more modest paces of growth.

Aluminium Hydroxide Imports

Imports in Europe

In 2021, supplies from abroad of aluminium hydroxide increased by 9.6% to X tons, rising for the third consecutive year after two years of decline. In general, imports posted a significant expansion. The pace of growth appeared the most rapid in 2020 when imports increased by 501%. Over the period under review, imports reached the maximum in 2021 and are likely to see steady growth in the near future.

In value terms, aluminium hydroxide imports skyrocketed to $X in 2021. Overall, imports saw a significant expansion. The most prominent rate of growth was recorded in 2020 when imports increased by 440%. Over the period under review, imports hit record highs in 2021 and are expected to retain growth in the immediate term.

Imports by Country

Italy (X tons), the Netherlands (X tons) and Germany (X tons) represented roughly 46% of total imports in 2021. France (X tons) held a 7.2% share (based on physical terms) of total imports, which put it in second place, followed by the UK (6.3%), Sweden (5.9%) and Hungary (4.9%). Norway (X tons), Slovenia (X tons), Poland (X tons), Spain (X tons), Belgium (X tons) and Russia (X tons) took a relatively small share of total imports.

From 2012 to 2021, the most notable rate of growth in terms of purchases, amongst the main importing countries, was attained by Poland (with a CAGR of +72.3%), while imports for the other leaders experienced more modest paces of growth.

In value terms, Italy ($X), the Netherlands ($X) and Germany ($X) constituted the countries with the highest levels of imports in 2021, with a combined 41% share of total imports. These countries were followed by France, the UK, Belgium, Spain, Poland, Slovenia, Sweden, Hungary, Norway and Russia, which together accounted for a further 44%.

Poland, with a CAGR of +65.4%, saw the highest rates of growth with regard to 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

The import price in Europe stood at $X per ton in 2021, surging by 9% against the previous year. Over the period under review, the import price recorded a relatively flat trend pattern. The pace of growth was the most pronounced in 2017 an increase of 11%. The level of import peaked at $X per ton in 2014; however, from 2015 to 2021, import prices remained at a lower figure.

Prices varied noticeably country of destination: the country with the highest price was Belgium ($X per ton), while Sweden ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by the Netherlands (+21.0%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Market Intelligence Platform

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