Norway: Alumina Market Overview 2021

Alumina Market Size in Norway

In 2020, the Norwegian alumina market decreased by -X% to $X, falling for the second consecutive year after two years of growth. In general, consumption showed a relatively flat trend pattern. The pace of growth was the most pronounced in 2018 with an increase of X% against the previous year. Over the period under review, the market attained the peak level at $X in 2008; however, from 2009 to 2020, consumption failed to regain the momentum.

Alumina Exports

Exports from Norway

In 2020, shipments abroad of alumina increased by X% to X tonnes, rising for the third year in a row after two years of decline. Overall, exports, however, recorded a deep setback. The pace of growth was the most pronounced in 2015 with an increase of X% y-o-y. Over the period under review, exports reached the peak figure at X tonnes in 2007; however, from 2008 to 2020, exports stood at a somewhat lower figure.

In value terms, alumina exports soared to $X in 2020. In general, exports, however, recorded a temperate increase. As a result, exports reached the peak and are likely to continue growth in the immediate term.

Exports by Country

Sweden (X tonnes) was the main destination for alumina exports from Norway, with a X% share of total exports. Moreover, alumina exports to Sweden exceeded the volume sent to the second major destination, Denmark (X tonnes), twofold. The third position in this ranking was occupied by the UK (X tonnes), with a X% share.

From 2007 to 2020, the average annual rate of growth in terms of volume to Sweden totaled -X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Denmark (+X% per year) and the UK (+X% per year).

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

From 2007 to 2020, the average annual rate of growth in terms of value to Denmark stood at +X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Sweden (-X% per year) and Namibia (X% per year).

Export Prices by Country

In 2020, the average alumina export price amounted to $X per tonne, picking up by X% against the previous year. In general, the export price showed a resilient expansion. The most prominent rate of growth was recorded in 2017 an increase of X% year-to-year. As a result, export price attained the peak level of $X per tonne; afterwards, it flattened through to 2020.

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

From 2007 to 2020, 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

In 2020, imports of alumina into Norway stood at X tonnes, growing by X% compared with the previous year. In general, imports continue to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in 2012 with an increase of X% year-to-year. Imports peaked at X tonnes in 2008; however, from 2009 to 2020, imports remained at a lower figure.

In value terms, alumina imports contracted to $X in 2020. Over the period under review, imports showed a slight curtailment. The most prominent rate of growth was recorded in 2018 with an increase of X% against the previous year. Imports peaked at $X in 2008; however, from 2009 to 2020, imports stood at a somewhat lower figure.

Imports by Country

In 2020, Brazil (X tonnes) constituted the largest alumina supplier to Norway, with a X% share of total imports. Moreover, alumina imports from Brazil exceeded the figures recorded by the second-largest supplier, Spain (X tonnes), fourfold. The third position in this ranking was occupied by Australia (X tonnes), with a X% share.

From 2007 to 2020, the average annual growth rate of volume from Brazil totaled +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 2020, the average annual rate of growth in terms of value from Brazil amounted to +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 2020, the average alumina import price amounted to $X per tonne, with a decrease of -X% against the previous year. In general, the import price recorded a slight decrease. The pace of growth appeared the most rapid in 2018 an increase of X% y-o-y. As a result, import price reached the peak level of $X per tonne. from 2019 to 2020, the growth in terms of the average import prices remained at a somewhat lower figure.

Average prices varied noticeably amongst the major supplying countries. In 2020, the highest prices were recorded for prices from Brazil ($X per tonne) and Spain ($X per tonne), while the price for Australia ($X per tonne) and Ireland ($X per tonne) were amongst the lowest.

From 2007 to 2020, the most notable rate of growth in terms of prices was attained by Ireland, while the prices for the other major suppliers experienced a decline.

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 Norway?

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In value terms, Brazil ($590M) constituted the largest supplier of alumina to Norway, comprising 75% of total imports. The second position in the ranking was occupied by Spain ($137M), with a 17% share of total imports. It was followed by Australia, with a 5% share.

What are the leading importers of alumina from Norway?

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In value terms, Denmark ($191K) emerged as the key foreign market for alumina exports from Norway, comprising 41% of total exports. The second position in the ranking was occupied by Sweden ($84K), with a 18% share of total exports. It was followed by Namibia, with a 10% share.

What is the average export price for alumina in Norway?

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In 2020, the average alumina export price amounted to $1,171 per tonne, increasing by 67% against the previous year.

What is the average import price for alumina in Norway?

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In 2020, the average alumina import price amounted to $308 per tonne, waning by -15.8% against the previous year.