Spain: Aluminium Market Overview 2021

Aluminium Market Size in Spain

In 2019, after four years of growth, there was significant decline in the Spanish aluminium market, when its value decreased by -X% to $X. Over the period under review, consumption recorded a slight decline. The growth pace was the most rapid in 2010 when the market value increased by X% year-to-year. Aluminium consumption peaked at $X in 2007; however, from 2008 to 2019, consumption stood at a somewhat lower figure.

Aluminium Production in Spain

In value terms, aluminium production reduced to $X in 2019 estimated in export prices. Overall, production recorded a relatively flat trend pattern. The growth pace was the most rapid in 2015 with an increase of X% year-to-year. Over the period under review, production attained the peak level at $X in 2011; however, from 2012 to 2019, production stood at a somewhat lower figure.

Aluminium Exports

Exports from Spain

Aluminium exports from Spain dropped to X tonnes in 2019, which is down by -X% against the previous year. Overall, exports, however, showed tangible growth. The growth pace was the most rapid in 2010 when exports increased by X% y-o-y. Exports peaked at X tonnes in 2017; however, from 2018 to 2019, exports stood at a somewhat lower figure.

In value terms, aluminium exports fell rapidly to $X in 2019. Over the period under review, exports, however, continue to indicate a moderate increase. The pace of growth appeared the most rapid in 2017 when exports increased by X% y-o-y. As a result, exports reached the peak of $X. From 2018 to 2019, the growth exports remained at a somewhat lower figure.

Exports by Country

Portugal (X tonnes) was the main destination for aluminium exports from Spain, accounting for a X% share of total exports. Moreover, aluminium exports to Portugal exceeded the volume sent to the second major destination, France (X tonnes), threefold. Italy (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 Portugal totaled +X%. Exports to the other major destinations recorded the following average annual rates of exports growth: France (+X% per year) and Italy (-X% per year).

In value terms, Portugal ($X) remains the key foreign market for aluminium exports from Spain, comprising X% of total exports. The second position in the ranking was occupied by France ($X), with a X% share of total exports. It was followed by Italy, with a X% share.

From 2007 to 2019, the average annual rate of growth in terms of value to Portugal stood at +X%. Exports to the other major destinations recorded the following average annual rates of exports growth: France (-X% per year) and Italy (-X% per year).

Export Prices by Country

The average aluminium export price stood at $X per tonne in 2019, shrinking by -X% against the previous year. Overall, the export price saw a slight reduction. The growth pace was the most rapid in 2011 when the average export price increased by X% against the previous year. As a result, export price attained the peak level of $X per tonne. From 2012 to 2019, the growth in terms of the average export prices remained at a lower figure.

Prices varied noticeably by the country of destination; the country with the highest price was Germany ($X per tonne), while the average price for exports to Japan ($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 Italy, while the prices for the other major destinations experienced a decline.

Aluminium Imports

Imports into Spain

In 2019, purchases abroad of aluminium increased by X% to X tonnes, rising for the seventh consecutive year after two years of decline. Over the period under review, imports enjoyed pronounced growth. The pace of growth was the most pronounced in 2016 with an increase of X% year-to-year. Over the period under review, imports attained the peak figure in 2019 and are expected to retain growth in the near future.

In value terms, aluminium imports dropped to $X in 2019. Overall, imports saw a relatively flat trend pattern. The growth pace was the most rapid in 2010 with an increase of X% against the previous year. Imports peaked at $X in 2018, and then dropped in the following year.

Imports by Country

Norway (X tonnes), Mozambique (X tonnes) and the UK (X tonnes) were the main suppliers of aluminium imports to Spain, with a combined X% share of total imports. These countries were followed by Bahrain, India, the United Arab Emirates, Russia and Malaysia, which together accounted for a further X 2007 to 2019, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by India, while imports for the other leaders experienced more modest paces of growth.

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

From 2007 to 2019, the average annual growth rate of value from Norway stood at +X%. The remaining supplying countries recorded the following average annual rates of imports growth: Mozambique (-X% per year) and the UK (+X% per year).

Import Prices by Country

In 2019, the average aluminium import price amounted to $X per tonne, with a decrease of -X% against the previous year. Over the period under review, the import price showed a perceptible slump. The growth pace was the most rapid in 2011 an increase of X% year-to-year. Over the period under review, average import prices hit record highs at $X per tonne in 2007; however, from 2008 to 2019, import prices stood at a somewhat lower figure.

Average prices varied somewhat amongst the major supplying countries. In 2019, the countries with the highest prices were Norway ($X per tonne) and the UK ($X per tonne), while the price for the United Arab Emirates ($X per tonne) and Mozambique ($X per tonne) were amongst the lowest.

From 2007 to 2019, the most notable rate of growth in terms of prices was attained by the UK, 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 aluminium in the world?

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China (36M tonnes) constituted the country with the largest volume of aluminium consumption, accounting for 53% of total volume. Moreover, aluminium consumption in China exceeded the figures recorded by the second-largest consumer, the U.S. (4.2M tonnes), ninefold. India (2.8M tonnes) ranked third in terms of total consumption with a 4.1% share.

What are the largest producers of aluminium in the world?

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China (36M tonnes) remains the largest aluminium producing country worldwide, comprising approx. 55% of total volume. Moreover, aluminium production in China exceeded the figures recorded by the second-largest producer, India (4.5M tonnes), eightfold. Russia (3.6M tonnes) ranked third in terms of total production with a 5.4% share.

What are the leading suppliers of aluminium to Spain?

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In value terms, Norway ($336M) constituted the largest supplier of aluminium to Spain, comprising 26% of total imports. The second position in the ranking was occupied by Mozambique ($158M), with a 12% share of total imports. It was followed by the UK, with a 11% share.

What are the leading importers of aluminium from Spain?

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In value terms, Portugal ($261M) remains the key foreign market for aluminium exports from Spain, comprising 46% of total exports. The second position in the ranking was occupied by France ($89M), with a 16% share of total exports. It was followed by Italy, with a 11% share.

What is the average export price for aluminium in Spain?

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In 2019, the average aluminium export price amounted to $2,103 per tonne, declining by -14.9% against the previous year.

What is the average import price for aluminium in Spain?

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The average aluminium import price stood at $2,025 per tonne in 2019, declining by -14.4% against the previous year.