Greece: Alumina Market Overview 2021

Alumina Market Size in Greece

In 2019, the Greek alumina market decreased by -X% to $X for the first time since 2015, thus ending a three-year rising trend. In general, consumption, however, recorded a buoyant expansion. The most prominent rate of growth was recorded in 2010 when the market value increased by X% against the previous year. Over the period under review, the market hit record highs at $X in 2018, and then contracted markedly in the following year.

Alumina Production in Greece

In value terms, alumina production contracted significantly to $X in 2019 estimated in export prices. Overall, production showed a relatively flat trend pattern. The growth pace was the most rapid in 2018 with an increase of X% year-to-year. As a result, production attained the peak level of $X, and then dropped markedly in the following year.

Alumina Exports

Exports from Greece

In 2019, overseas shipments of alumina were finally on the rise to reach X tonnes for the first time since 2015, thus ending a three-year declining trend. Over the period under review, exports, however, continue to indicate a noticeable reduction. The pace of growth appeared the most rapid in 2009 with an increase of X% y-o-y. As a result, exports attained the peak of X tonnes. From 2010 to 2019, the growth exports failed to regain the momentum.

In value terms, alumina exports contracted dramatically to $X in 2019. Overall, exports, however, saw a noticeable slump. The most prominent rate of growth was recorded in 2015 when exports increased by X% against the previous year. Exports peaked at $X in 2007; however, from 2008 to 2019, exports stood at a somewhat lower figure.

Exports by Country

Slovenia (X tonnes), Bosnia and Herzegovina (X tonnes) and France (X tonnes) were the main destinations of alumina exports from Greece, with a combined X% share of total exports. These countries were followed by Slovakia, Montenegro and Italy, which together accounted for a further X 2007 to 2019, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by Italy (+X% per year), while exports for the other leaders experienced more modest paces of growth.

In value terms, the largest markets for alumina exported from Greece were Slovenia ($X), Bosnia and Herzegovina ($X) and Slovakia ($X), with a combined X% share of total exports. These countries were followed by France, Montenegro and Italy, which together accounted for a further X the main countries of destination, Italy (+X% per year) saw the highest rates of growth with regard to 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 average alumina export price stood at $X per tonne in 2019, declining by -X% against the previous year. In general, the export price saw a relatively flat trend pattern. The most prominent rate of growth was recorded in 2018 when the average export price increased by X% year-to-year. As a result, export price attained the peak level of $X per tonne, and then fell rapidly in the following year.

Average prices varied somewhat for the major external markets. In 2019, the countries with the highest prices were Italy ($X per tonne) and Bosnia and Herzegovina ($X per tonne), while the average price for exports to France ($X per tonne) and Montenegro ($X per tonne) were amongst the lowest.

From 2007 to 2019, the most notable rate of growth in terms of prices was recorded for supplies to Bosnia and Herzegovina, while the prices for the other major destinations experienced a decline.

Alumina Imports

Imports into Greece

Alumina imports into Greece contracted sharply to X tonnes in 2019, with a decrease of -X% against the year before. Over the period under review, imports, however, showed temperate growth. The pace of growth appeared the most rapid in 2011 with an increase of X% y-o-y. Over the period under review, imports reached the maximum at X tonnes in 2013; however, from 2014 to 2019, imports remained at a lower figure.

In value terms, alumina imports reduced remarkably to $X in 2019. In general, imports, however, continue to indicate a strong increase. The growth pace was the most rapid in 2011 when imports increased by X% y-o-y. As a result, imports reached the peak of $X. From 2012 to 2019, the growth imports remained at a somewhat lower figure.

Imports by Country

France (X tonnes), Italy (X tonnes) and Germany (X tonnes) were the main suppliers of alumina imports to Greece, together comprising X% of total imports. China, Malta, South Korea and the Netherlands lagged somewhat behind, together comprising a further X 2007 to 2019, the biggest increases were in China (+X% per year), while purchases for the other leaders experienced more modest paces of growth.

In value terms, France ($X), Italy ($X) and Germany ($X) appeared to be the largest alumina suppliers to Greece, together comprising X% of total imports. These countries were followed by the Netherlands, China, South Korea and Malta, which together accounted for a further X Netherlands (+X% per year) recorded the highest rates of growth with regard to the value of imports, in terms of the main suppliers over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

In 2019, the average alumina import price amounted to $X per tonne, falling by -X% against the previous year. Over the period under review, the import price, however, saw a modest expansion. The pace of growth was the most pronounced in 2017 when the average import price increased by X% against the previous year. The import price peaked at $X per tonne in 2011; however, from 2012 to 2019, import prices failed to regain the momentum.

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

From 2007 to 2019, the most notable rate of growth in terms of prices was attained by South Korea, while the prices for the other major suppliers experienced mixed trend patterns.

Source: IndexBox AI Platform

Frequently Asked Questions (FAQ) :

What are the largest markets for alumina in the world?

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China (83M tonnes) constituted the country with the largest volume of alumina consumption, comprising approx. 64% of total volume. Moreover, alumina consumption in China exceeded the figures recorded by the second-largest consumer, India (6.8M tonnes), more than tenfold. The third position in this ranking was occupied by Canada (5.5M tonnes), with a 4.2% share.

What are the largest producers of alumina in the world?

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China (81M tonnes) remains the largest alumina producing country worldwide, comprising approx. 58% of total volume. Moreover, alumina production in China exceeded the figures recorded by the second-largest producer, Australia (19M tonnes), fourfold. The third position in this ranking was occupied by Brazil (8M tonnes), with a 5.7% share.

What are the leading suppliers of alumina to Greece?

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In value terms, France ($439K), Italy ($412K) and Germany ($132K) were the largest alumina suppliers to Greece, together accounting for 89% of total imports. The Netherlands, China, South Korea and Malta lagged somewhat behind, together accounting for a further 9.4%.

What are the leading importers of alumina from Greece?

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In value terms, the largest markets for alumina exported from Greece were Slovenia ($36M), Bosnia and Herzegovina ($31M) and Slovakia ($19M), together accounting for 77% of total exports. These countries were followed by France, Montenegro and Italy, which together accounted for a further 22%.

What is the average export price for alumina in Greece?

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The average alumina export price stood at $337 per tonne in 2019, waning by -28.9% against the previous year.

What is the average import price for alumina in Greece?

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In 2019, the average alumina import price amounted to $2,203 per tonne, shrinking by -4.8% against the previous year.