Greece: Alumina Market Overview 2020

Alumina Market Size in Greece

After two years of growth, the Greek alumina market decreased by -X% to $X in 2019. Overall, consumption posted noticeable growth. The most prominent rate of growth was recorded in 2012 when the market value increased by X% year-to-year. Over the period under review, the market attained the peak level at $X in 2014; however, from 2015 to 2019, consumption failed to regain the momentum.

Alumina Production in Greece

In value terms, alumina production dropped remarkably to $X in 2019 estimated in export prices. Overall, the total production indicated slight growth from 2007 to 2019: its value increased at an average annual rate of +X% over the last twelve-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. The most prominent rate of growth was recorded in 2018 when the production volume increased by X% year-to-year. As a result, production reached the peak level of $X, and then contracted sharply in the following year.

Alumina Exports

Exports from Greece

In 2019, shipments abroad of alumina decreased by -X% to X tonnes for the first time since 2016, thus ending a two-year rising trend. Over the period under review, exports recorded a noticeable contraction. The growth pace was the most rapid in 2017 when exports increased by X% year-to-year. Over the period under review, exports reached the maximum at X tonnes in 2007; however, from 2008 to 2019, exports remained at a lower figure.

In value terms, alumina exports dropped notably to $X in 2019. In general, exports saw a perceptible descent. The pace of growth was the most pronounced in 2017 with an increase of X% against the previous year. Over the period under review, exports hit record highs at $X in 2007; however, from 2008 to 2019, exports stood at a somewhat lower figure.

Exports by Country

Ukraine (X tonnes), Bosnia and Herzegovina (X tonnes) and Slovenia (X tonnes) were the main destinations of alumina exports from Greece.

From 2007 to 2018, the biggest increases were in Ukraine, while shipments for the other leaders experienced more modest paces of growth.

In value terms, Bosnia and Herzegovina ($X), Slovenia ($X) and Slovakia ($X) appeared to be the largest markets for alumina exported from Greece worldwide, together comprising X% of total exports.

Bosnia and Herzegovina saw the highest rates of growth with regard to the value of exports, in terms of 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

The average alumina export price stood at $X per tonne in 2018, picking up by X% against the previous year. Over the period from 2007 to 2018, it increased at an average annual rate of +X%. As a result, export price reached the peak level and is likely to continue growth in the immediate term.

Prices varied noticeably by the country of destination; the country with the highest price was Slovakia ($X per tonne), while the average price for exports to Ukraine ($X per tonne) was amongst the lowest.

From 2007 to 2018, 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 more modest paces of growth.

Alumina Imports

Imports into Greece

In 2019, overseas purchases of alumina decreased by -X% to X tonnes for the first time since 2015, thus ending a three-year rising trend. Overall, imports, however, continue to indicate a strong increase. The most prominent rate of growth was recorded in 2011 with an increase of X% against the previous year. As a result, imports attained the peak of X tonnes. From 2012 to 2019, the growth imports failed to regain the momentum.

In value terms, alumina imports dropped remarkably to $X in 2019. Over the period under review, imports, however, enjoyed a resilient increase. The most prominent rate of growth was recorded in 2011 with an increase of X% year-to-year. 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

In 2018, France (X tonnes) constituted the largest supplier of alumina to Greece, accounting for a X% share of total imports. Moreover, alumina imports from France exceeded the figures recorded by the second-largest supplier, the Netherlands (X tonnes), twofold. Germany (X tonnes) ranked third in terms of total imports with a X% share.

From 2007 to 2018, the average annual growth rate of volume from France stood at +X%. The remaining supplying countries recorded the following average annual rates of imports growth: the Netherlands (+X% per year) and Germany (+X% per year).

In value terms, France ($X), Italy ($X) and the U.S. ($X) appeared to be the largest alumina suppliers to Greece, with a combined X% share of total imports. These countries were followed by the Netherlands, Germany, Austria and South Korea, which together accounted for a further X Netherlands (+X% per year) saw the highest growth rate of 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 2018, the average alumina import price amounted to $X per tonne, waning by -X% against the previous year. In general, the import price recorded a relatively flat trend pattern. The most prominent rate of growth was recorded in 2014 an increase of X% year-to-year. As a result, import price reached the peak level of $X per tonne. From 2015 to 2018, the growth in terms of the average import prices failed to regain the momentum.

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

From 2007 to 2018, the most notable rate of growth in terms of prices was attained by the U.S., while the prices for the other major suppliers experienced a decline.

Source: IndexBox AI Platform

Frequently Asked Questions (FAQ) :

What are the largest markets for alumina in the world?

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China (82M tonnes) remains the largest alumina consuming country worldwide, accounting for 60% of total volume. Moreover, alumina consumption in China exceeded the figures recorded by the second-largest consumer, Russia (8.8M tonnes), ninefold. The third position in this ranking was occupied by India (8.4M tonnes), with a 6.2% share.

What are the largest producers of alumina in the world?

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The country with the largest volume of alumina production was China (81M tonnes), comprising approx. 58% of total volume. Moreover, alumina production in China exceeded the figures recorded by the second-largest producer, Australia (19M tonnes), fourfold. Brazil (8.9M tonnes) ranked third in terms of total production with a 6.3% share.

What are the leading suppliers of alumina to Greece?

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In value terms, France ($589K), Italy ($337K) and the U.S. ($218K) appeared to be the largest alumina suppliers to Greece, together accounting for 75% of total imports. These countries were followed by the Netherlands, Germany, Austria and South Korea, which together accounted for a further 21%.

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 Bosnia and Herzegovina ($63M), Slovenia ($42M) and Slovakia ($25M), together accounting for 86% of total exports.

What is the average export price for alumina in Greece?

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The average alumina export price stood at $579 per tonne in 2018, rising by 24% against the previous year.

What is the average import price for alumina in Greece?

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In 2018, the average alumina import price amounted to $439 per tonne, dropping by -8.7% against the previous year.