Greece: Alumina Market Overview 2021

Alumina Market Size in Greece

In 2020, the Greek alumina market decreased by -X% to $X, falling for the second consecutive year after three years of growth. Overall, consumption continues to indicate a notable increase. The most prominent rate of growth was recorded in 2010 with an increase of X% year-to-year. Alumina consumption peaked at $X in 2018; however, from 2019 to 2020, consumption remained at a lower figure.

Alumina Production in Greece

In value terms, alumina production fell rapidly to $X in 2020 estimated in export prices. In general, production showed a slight contraction. The most prominent rate of growth was recorded in 2018 with an increase of X% year-to-year. As a result, production attained the peak level of $X. from 2019 to 2020, production growth failed to regain the momentum.

Alumina Exports

Exports from Greece

In 2020, the amount of alumina exported from Greece contracted modestly to X tonnes, leveling off at the previous year. Over the period under review, exports showed a noticeable decline. The pace of growth was the most pronounced in 2009 with an increase of X% y-o-y. As a result, exports attained the peak of X tonnes. from 2010 to 2020, the growth exports failed to regain the momentum.

In value terms, alumina exports contracted notably to $X in 2020. Overall, exports recorded a noticeable downturn. The most prominent rate of growth was recorded in 2015 when exports increased by X% year-to-year. Exports peaked at $X in 2007; however, from 2008 to 2020, exports remained at a lower figure.

Exports by Country

Slovenia (X tonnes), Slovakia (X tonnes) and France (X tonnes) were the main destinations of alumina exports from Greece, together comprising X% of total exports. Montenegro, the Netherlands and Italy lagged somewhat behind, together accounting for a further X 2007 to 2020, 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 ($X), Slovakia ($X) and France ($X), with a combined X% share of total exports. Montenegro, the Netherlands and Italy lagged somewhat behind, together accounting for a further X (+X% per year) saw the highest growth rate of the value of exports, among the main countries of destination over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

In 2020, the average alumina export price amounted to $X per tonne, reducing by -X% against the previous year. Over the period under review, the export price continues to indicate a slight setback. The pace of growth appeared the most rapid 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. from 2019 to 2020, the growth in terms of the average export prices failed to regain the momentum.

Average prices varied noticeably for the major overseas markets. In 2020, the countries with the highest prices were Italy ($X per tonne) and the Netherlands ($X per tonne), while the average price for exports to France ($X per tonne) and Slovakia ($X per tonne) were amongst the lowest.

From 2007 to 2020, the most notable rate of growth in terms of prices was recorded for supplies to the Netherlands, while the prices for the other major destinations experienced a decline.

Alumina Imports

Imports into Greece

In 2020, approx. X tonnes of alumina were imported into Greece; increasing by X% against the year before. Over the period under review, imports enjoyed resilient growth. The most prominent rate of growth was recorded in 2011 with an increase of X% year-to-year. Over the period under review, imports hit record highs at X tonnes in 2013; however, from 2014 to 2020, imports failed to regain the momentum.

In value terms, alumina imports skyrocketed to $X in 2020. In general, imports posted prominent growth. The most prominent rate of growth was recorded in 2011 when imports increased by X% y-o-y. As a result, imports reached the peak of $X. from 2012 to 2020, the growth imports remained at a somewhat lower figure.

Imports by Country

Italy (X tonnes), China (X tonnes) and France (X tonnes) were the main suppliers of alumina imports to Greece, together comprising X% of total imports. These countries were followed by Germany, the Netherlands, Slovenia and South Korea, which together accounted for a further X 2007 to 2020, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by Slovenia (+X% per year), while imports for the other leaders experienced more modest paces of growth.

In value terms, France ($X), Italy ($X) and Germany ($X) were the largest alumina suppliers to Greece, with a combined X% share of total imports. China, Slovenia, the Netherlands and South Korea lagged somewhat behind, together comprising a further X the main suppliers, Slovenia (+X% per year) recorded the highest rates of growth with regard to the value of imports, over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

The average alumina import price stood at $X per tonne in 2020, falling by -X% against the previous year. Over the period under review, the import price continues to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in 2017 an increase of X% year-to-year. The import price peaked at $X per tonne in 2011; however, from 2012 to 2020, import prices stood at a somewhat lower figure.

There were significant differences in the average prices amongst the major supplying countries. In 2020, the country with the highest price was Slovenia ($X per tonne), while the price for China ($X per tonne) was amongst the lowest.

From 2007 to 2020, 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 Platform

Frequently Asked Questions (FAQ) :

What are the largest markets for alumina in the world?

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China (95M tonnes) constituted the country with the largest volume of alumina consumption, accounting for 60% of total volume. Moreover, alumina consumption in China exceeded the figures recorded by the second-largest consumer, Australia (17M tonnes), fivefold. The third position in this ranking was occupied by India (8.3M tonnes), with a 5.2% share.

What are the largest producers of alumina in the world?

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China (91M tonnes) remains the largest alumina producing country worldwide, accounting for 61% of total volume. Moreover, alumina production in China exceeded the figures recorded by the second-largest producer, Australia (19M tonnes), fivefold. Brazil (8.1M tonnes) ranked third in terms of total production with a 5.4% share.

What are the leading suppliers of alumina to Greece?

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In value terms, the largest alumina suppliers to Greece were France ($437K), Italy ($424K) and Germany ($135K), together comprising 74% of total imports. These countries were followed by China, Slovenia, the Netherlands and South Korea, which together accounted for a further 22%.

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 ($28M), Slovakia ($27M) and France ($17M), with a combined 80% share of total exports. Montenegro, the Netherlands and Italy lagged somewhat behind, together comprising a further 19%.

What is the average export price for alumina in Greece?

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In 2020, the average alumina export price amounted to $274 per tonne, with a decrease of -18.5% against the previous year.

What is the average import price for alumina in Greece?

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The average alumina import price stood at $1,981 per tonne in 2020, falling by -10% against the previous year.