Spain: Aluminium Market Overview 2020

Aluminium Market Size in Spain

The revenue of the aluminium market in Spain amounted to $X in 2018, picking up by X% against the previous year. In general, aluminium consumption continues to indicate a relatively flat trend pattern. The growth pace was the most rapid in 2010 when the market value increased by X% y-o-y. Spain aluminium consumption peaked at $X in 2007; however, from 2008 to 2018, consumption failed to regain its momentum.

Aluminium Production in Spain

In value terms, aluminium production amounted to $X in 2018 estimated in export prices. Over the period under review, aluminium production continues to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in 2015 when production volume increased by X% against the previous year. Over the period under review, aluminium production reached its maximum level at $X in 2011; however, from 2012 to 2018, production failed to regain its momentum.

Aluminium Exports

Exports from Spain

In 2018, the aluminium exports from Spain totaled X tonnes, falling by -X% against the previous year. Over the period under review, aluminium exports, however, continue to indicate a resilient increase. The growth pace was the most rapid in 2015 when exports increased by X% against the previous year. Over the period under review, aluminium exports attained their peak figure at X tonnes in 2017, and then declined slightly in the following year.

In value terms, aluminium exports amounted to $X in 2018. Over the period under review, aluminium exports, however, continue to indicate resilient growth. The pace of growth was the most pronounced in 2017 when exports increased by X% against the previous year. In that year, aluminium exports reached their peak of $X, and then declined slightly in the following year.

Exports by Country

The exports of the three major exporters of aluminium, namely Russia, Canada and the United Arab Emirates, represented more than third of total export. India (X tonnes) held a X% share (based on tonnes) of total exports, which put it in second place, followed by Australia (X%), Norway (X%) and Malaysia (X%). The Netherlands (X tonnes), Iceland (X tonnes), the U.S. (X tonnes), Qatar (X tonnes) and China (X tonnes) held a little share of total exports.

From 2007 to 2018, the most notable rate of growth in terms of exports, amongst the main exporting countries, was attained by Malaysia, while the other leaders experienced more modest paces of growth.

In value terms, the largest aluminium markets from Spain were Canada ($X), the United Arab Emirates ($X) and Russia ($X), with a combined X% share of total exports. These countries were followed by India, Australia, Norway, Malaysia, the Netherlands, Iceland, the U.S., Qatar, China and Spain, which together accounted for a further X the main exporting countries, Malaysia recorded the highest rates of growth with regard to exports, over the last eleven-year period, while the other leaders experienced more modest paces of growth.

Export Prices by Country

The aluminium export price in Spain stood at $X per tonne in 2018, picking up by X% against the previous year. Over the period under review, the aluminium export price, however, continues to indicate a relatively flat trend pattern. The growth pace was the most rapid in 2011 when the export price increased by X% year-to-year. In that year, the export prices for aluminium reached their peak level of $X per tonne. From 2012 to 2018, the growth in terms of the export prices for aluminium failed to regain its momentum.

There were significant differences in the average prices amongst the major exporting countries. In 2018, the country with the highest price was the U.S. ($X per tonne), while Russia ($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 Netherlands, while the other leaders experienced more modest paces of growth.

Aluminium Imports

Imports into Spain

In 2018, the aluminium imports into Spain amounted to X tonnes, increasing by X% against the previous year. In general, aluminium imports continue to indicate measured growth. The pace of growth appeared the most rapid in 2016 when imports increased by X% y-o-y. Over the period under review, aluminium imports attained their peak figure in 2018 and are expected to retain its growth in the immediate term.

In value terms, aluminium imports amounted to $X in 2018. Over the period under review, aluminium imports continue to indicate a relatively flat trend pattern. The growth pace was the most rapid in 2010 with an increase of X% against the previous year. Over the period under review, aluminium imports attained their maximum in 2018 and are expected to retain its growth in the immediate term.

Imports by Country

In 2018, the U.S. (X tonnes), distantly followed by Japan (X tonnes), Germany (X tonnes), South Korea (X tonnes) and Italy (X tonnes) were the largest importers of aluminium, together committing X% of total imports. The Netherlands (X tonnes), Turkey (X tonnes), Mexico (X tonnes), Thailand (X tonnes), Poland (X tonnes), Malaysia (X tonnes) and Taiwan, Chinese (X tonnes) followed a long way behind the leaders.

From 2007 to 2018, the most notable rate of growth in terms of imports, amongst the main importing countries, was attained by Malaysia, while the other leaders experienced more modest paces of growth.

In value terms, the U.S. ($X) constitutes the largest market for imported aluminium into Spain, comprising X% of global imports. The second position in the ranking was occupied by Japan ($X), with a X% share of global imports. It was followed by Germany, with a X% share.

In the U.S., aluminium imports increased at an average annual rate of +X% over the period from 2007-2018. The remaining importing countries recorded the following average annual rates of imports growth: Japan (-X% per year) and Germany (-X% per year).

Import Prices by Country

In 2018, the aluminium import price in Spain amounted to $X per tonne, going up by X% against the previous year. Over the period under review, the aluminium import price, however, continues to indicate a measured drop. The pace of growth was the most pronounced in 2011 an increase of X% against the previous year. Spain import price peaked at $X per tonne in 2008; however, from 2009 to 2018, import prices stood at a somewhat lower figure.

Average prices varied noticeably amongst the major importing countries. In 2018, major importing countries recorded the following prices: in Mexico ($X per tonne) and Poland ($X per tonne), while South Korea ($X per tonne) and Japan ($X per tonne) were amongst the lowest.

From 2007 to 2018, the most notable rate of growth in terms of prices was attained by Mexico, while the other leaders experienced a decline in the import price figures.

Source: IndexBox AI Platform