Norway: Alumina Market Overview 2021

Alumina Market Size in Norway

In 2019, after two years of growth, there was significant decline in the Norwegian alumina market, when its value decreased by -X% to $X. Over the period under review, consumption, however, recorded a relatively flat trend pattern. The growth pace was the most rapid in 2018 with an increase of X% year-to-year. Alumina consumption peaked at $X in 2008; however, from 2009 to 2019, consumption stood at a somewhat lower figure.

Alumina Exports

Exports from Norway

In 2019, shipments abroad of alumina increased by X% to X tonnes, rising for the second year in a row after two years of decline. Over the period under review, exports, however, showed a abrupt decrease. The growth pace was the most rapid in 2015 with an increase of X% against the previous year. Over the period under review, exports reached the maximum at X tonnes in 2007; however, from 2008 to 2019, exports stood at a somewhat lower figure.

In value terms, alumina exports surged to $X in 2019. Overall, exports, however, showed a abrupt curtailment. The pace of growth was the most pronounced in 2015 with an increase of X% against the previous year. Over the period under review, exports attained the maximum at $X in 2007; however, from 2008 to 2019, exports failed to regain the momentum.

Exports by Country

Sweden (X tonnes) was the main destination for alumina exports from Norway, accounting for a X% share of total exports. Moreover, alumina exports to Sweden exceeded the volume sent to the second major destination, the UK (X tonnes), threefold. The Netherlands (X tonnes) ranked third in terms of total exports with a X% share.

From 2007 to 2019, the average annual rate of growth in terms of volume to Sweden amounted to -X%. Exports to the other major destinations recorded the following average annual rates of exports growth: the UK (+X% per year) and the Netherlands (+X% per year).

In value terms, Sweden ($X) remains the key foreign market for alumina exports from Norway, comprising X% of total exports. The second position in the ranking was occupied by the UK ($X), with a X% share of total exports. It was followed by Angola, with a X% share.

From 2007 to 2019, the average annual rate of growth in terms of value to Sweden amounted to -X%. Exports to the other major destinations recorded the following average annual rates of exports growth: the UK (+X% per year) and Angola (X% per year).

Export Prices by Country

In 2019, the average alumina export price amounted to $X per tonne, flattening at the previous year. In general, the export price, however, recorded prominent growth. The most prominent rate of growth was recorded in 2017 when the average export price increased by X% year-to-year. As a result, export price reached the peak level of $X per tonne. From 2018 to 2019, the growth in terms of the average export prices failed to regain the momentum.

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

From 2007 to 2019, the most notable rate of growth in terms of prices was recorded for supplies to Denmark, while the prices for the other major destinations experienced more modest paces of growth.

Alumina Imports

Imports into Norway

For the third year in a row, Norway recorded growth in overseas purchases of alumina, which increased by X% to X tonnes in 2019. Overall, imports, however, showed a relatively flat trend pattern. The pace of growth was the most pronounced in 2012 with an increase of X% y-o-y. Over the period under review, imports hit record highs at X tonnes in 2008; however, from 2009 to 2019, imports stood at a somewhat lower figure.

In value terms, alumina imports declined to $X in 2019. Over the period under review, imports, however, saw a relatively flat trend pattern. The most prominent rate of growth was recorded in 2018 when imports increased by X% year-to-year. Over the period under review, imports hit record highs at $X in 2008; however, from 2009 to 2019, imports remained at a lower figure.

Imports by Country

In 2019, Brazil (X tonnes) constituted the largest supplier of alumina to Norway, accounting for a X% share of total imports. Moreover, alumina imports from Brazil exceeded the figures recorded by the second-largest supplier, Spain (X tonnes), fourfold. Australia (X tonnes) ranked third in terms of total imports with a X% share.

From 2007 to 2019, the average annual growth rate of volume from Brazil stood at +X%. The remaining supplying countries recorded the following average annual rates of imports growth: Spain (+X% per year) and Australia (+X% per year).

In value terms, Brazil ($X) constituted the largest supplier of alumina to Norway, comprising X% of total imports. The second position in the ranking was occupied by Spain ($X), with a X% share of total imports. It was followed by Australia, with a X% share.

From 2007 to 2019, the average annual rate of growth in terms of value from Brazil stood at +X%. The remaining supplying countries recorded the following average annual rates of imports growth: Spain (+X% per year) and Australia (+X% per year).

Import Prices by Country

In 2019, the average alumina import price amounted to $X per tonne, falling by -X% against the previous year. In general, the import price showed a relatively flat trend pattern. The pace of growth was the most pronounced in 2018 an increase of X% year-to-year. As a result, import price reached the peak level of $X per tonne, and then dropped in the following year.

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

From 2007 to 2019, the most notable rate of growth in terms of prices was attained by Jamaica, 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 (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) constituted the country with the largest volume of alumina production, 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 (8M tonnes) ranked third in terms of total production with a 5.7% share.

What are the leading suppliers of alumina to Norway?

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In value terms, Brazil ($597M) constituted the largest supplier of alumina to Norway, comprising 65% of total imports. The second position in the ranking was occupied by Spain ($106M), with a 12% share of total imports. It was followed by Australia, with a 8.5% share.

What are the leading importers of alumina from Norway?

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In value terms, Sweden ($71K) remains the key foreign market for alumina exports from Norway, comprising 40% of total exports. The second position in the ranking was occupied by the UK ($34K), with a 19% share of total exports. It was followed by Angola, with a 14% share.

What is the average export price for alumina in Norway?

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The average alumina export price stood at $1,251 per tonne in 2019, almost unchanged from the previous year.

What is the average import price for alumina in Norway?

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The average alumina import price stood at $366 per tonne in 2019, declining by -13.3% against the previous year.