
Spain - Aluminium Hydroxide - Market Analysis, Forecast, Size, Trends and Insights
Spain: Aluminium Hydroxide Market 2023
Aluminium Hydroxide Market Size in Spain
The Spanish aluminium hydroxide market reached $X in 2021, with an increase of 4.7% against the previous year. Overall, consumption continues to indicate strong growth. Aluminium hydroxide consumption peaked in 2021 and is expected to retain growth in years to come.
Aluminium Hydroxide Production in Spain
In value terms, aluminium hydroxide production declined to $X in 2021 estimated in export price. The total output value increased at an average annual rate of +2.9% over the period from 2012 to 2021; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The pace of growth was the most pronounced in 2019 with an increase of 21% against the previous year. As a result, production reached the peak level of $X. From 2020 to 2021, production growth remained at a somewhat lower figure.
Aluminium Hydroxide Exports
Exports from Spain
In 2021, the amount of aluminium hydroxide exported from Spain skyrocketed to X tons, jumping by 27% compared with the year before. The total export volume increased at an average annual rate of +26.9% from 2020 to 2021; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. As a result, the exports attained the peak and are likely to continue growth in the immediate term.
In value terms, aluminium hydroxide exports soared to $X in 2021. In general, total exports indicated a significant expansion from 2020 to 2021: its value increased at an average annual rate of +37.1% over the last one years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. As a result, the exports reached the peak and are likely to continue growth in the immediate term.
Exports by Country
Sweden (X tons), Germany (X tons) and the Netherlands (X tons) were the main destinations of aluminium hydroxide exports from Spain, together comprising 49% of total exports. These countries were followed by the UK, Italy, Norway, Russia, Tunisia and Portugal, which together accounted for a further 37%.
From 2020 to 2021, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by Italy (with a CAGR of +354.3%), while the other leaders experienced more modest paces of growth.
In value terms, Sweden ($X), the Netherlands ($X) and Germany ($X) were the largest markets for aluminium hydroxide exported from Spain worldwide, with a combined 44% share of total exports. The UK, Italy, Norway, Russia, Tunisia and Portugal lagged somewhat behind, together comprising a further 36%.
Among the main countries of destination, Italy, with a CAGR of +232.5%, 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
In 2021, the average aluminium hydroxide export price amounted to $X per ton, with an increase of 8% against the previous year. Over the last one years, it increased at an average annual rate of +8.0%. As a result, the export price attained the peak level and is likely to continue growth in the immediate term.
Average prices varied somewhat for the major export markets. In 2021, the countries with the highest prices were the UK ($X per ton) and Norway ($X per ton), while the average price for exports to Sweden ($X per ton) and Italy ($X per ton) were amongst the lowest.
From 2020 to 2021, the most notable rate of growth in terms of prices was recorded for supplies to the Netherlands (+26.4%), while the prices for the other major destinations experienced more modest paces of growth.
Aluminium Hydroxide Imports
Imports into Spain
In 2021, imports of aluminium hydroxide into Spain skyrocketed to X tons, jumping by 46% compared with the year before. In general, total imports indicated a significant increase from 2020 to 2021: its volume increased at an average annual rate of +46.1% over the last one years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. As a result, imports reached the peak and are likely to continue growth in the immediate term.
In value terms, aluminium hydroxide imports soared to $X in 2021. Overall, total imports indicated a significant expansion from 2020 to 2021: its value increased at an average annual rate of +40.6% over the last one-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. As a result, imports attained the peak and are likely to continue growth in the immediate term.
Imports by Country
In 2021, Germany (X tons) constituted the largest aluminium hydroxide supplier to Spain, with a 66% share of total imports. Moreover, aluminium hydroxide imports from Germany exceeded the figures recorded by the second-largest supplier, Slovenia (X tons), fivefold. Bosnia and Herzegovina (X tons) ranked third in terms of total imports with a 7.2% share.
From 2020 to 2021, the average annual rate of growth in terms of volume from Germany totaled +55.7%. The remaining supplying countries recorded the following average annual rates of imports growth: Slovenia (+123.7% per year) and Bosnia and Herzegovina (+125.4% per year).
In value terms, Germany ($X) constituted the largest supplier of aluminium hydroxide to Spain, comprising 62% of total imports. The second position in the ranking was held by Slovenia ($X), with a 13% share of total imports. It was followed by Bosnia and Herzegovina, with a 7% share.
From 2020 to 2021, the average annual rate of growth in terms of value from Germany amounted to +44.2%. The remaining supplying countries recorded the following average annual rates of imports growth: Slovenia (+113.2% per year) and Bosnia and Herzegovina (+120.2% per year).
Import Prices by Country
In 2021, the average aluminium hydroxide import price amounted to $X per ton, waning by -3.8% against the previous year. Over the period under review, the import price continues to indicate a perceptible setback. Over the period under review, average import prices reached the maximum at $X per ton in 2020, and then declined slightly in the following year.
Prices varied noticeably country of origin: the country with the highest price was Slovenia ($X per ton), while the price for Greece ($X per ton) was amongst the lowest.
From 2020 to 2021, the most notable rate of growth in terms of prices was attained by Italy (-2.2%), while the prices for the other major suppliers experienced a decline.
Base Year | Historical Period | Forecast Period | Units |
---|---|---|---|
2022 | 2012-2022 | 2023-2030 | US$, Tons |
Frequently Asked Questions (FAQ) :
This report provides an in-depth analysis of the aluminium hydroxide market in Spain. Within it, you will discover the latest data on market trends and opportunities by country, consumption, production and price developments, as well as the global trade (imports and exports). The forecast exhibits the market prospects through 2030.
Making Data-Driven Decisions to Grow Your Business
A Quick Overview of Market Performance
Understanding the Current State of The Market and Its Prospects
Finding New Products to Diversify Your Business
Choosing the Best Countries to Establish Your Sustainable Supply Chain
Choosing the Best Countries to Boost Your Exports
The Latest Trends and Insights into The Industry
The Largest Import Supplying Countries
The Largest Destinations for Exports
The Largest Producers on The Market and Their Profiles
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