United Kingdom: Alumina Market Overview 2021

Alumina Market Size in the UK

In 2019, after five years of growth, there was decline in the UK alumina market, when its value decreased by -X% to $X. Overall, consumption saw a abrupt decrease. The growth pace was the most rapid in 2010 when the market value increased by X% against the previous year. Over the period under review, the market attained the maximum level at $X in 2007; however, from 2008 to 2019, consumption failed to regain the momentum.

Alumina Exports

Exports from the UK

In 2019, approx. X tonnes of alumina were exported from the UK; waning by -X% against 2018. In general, exports continue to indicate a abrupt shrinkage. The most prominent rate of growth was recorded in 2016 with an increase of X% against the previous year. Exports peaked at X tonnes in 2007; however, from 2008 to 2019, exports failed to regain the momentum.

In value terms, alumina exports rose slightly to $X in 2019. Overall, exports continue to indicate a pronounced decline. The growth pace was the most rapid in 2009 when exports increased by X% against the previous year. Over the period under review, exports reached the maximum at $X in 2012; however, from 2013 to 2019, exports failed to regain the momentum.

Exports by Country

The Netherlands (X tonnes), France (X tonnes) and Spain (X tonnes) were the main destinations of alumina exports from the UK, together comprising X% of total exports.

From 2007 to 2019, the biggest increases were in Spain, while shipments for the other leaders experienced more modest paces of growth.

In value terms, the largest markets for alumina exported from the UK were Ireland ($X), the Netherlands ($X) and France ($X), together accounting for X% of total exports. Italy, Germany, Poland and Spain lagged somewhat behind, together comprising a further X recorded the highest growth rate of the value of exports, in terms of the main countries of destination over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

In 2019, the average alumina export price amounted to $X per tonne, increasing by X% against the previous year. Over the period under review, export price indicated a pronounced increase from 2007 to 2019: its price increased at an average annual rate of +X% over the last twelve-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2019 figures, alumina export price increased by +X% against 2015 indices. The pace of growth was the most pronounced in 2013 when the average export price increased by X% y-o-y. As a result, export price attained the peak level of $X per tonne. From 2014 to 2019, the growth in terms of the average export prices failed to regain the momentum.

There were significant differences in the average prices for the major export markets. In 2019, the country with the highest price was Italy ($X per tonne), while the average price for exports to Spain ($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 more modest paces of growth.

Alumina Imports

Imports into the UK

In 2019, purchases abroad of alumina decreased by -X% to X tonnes, falling for the third year in a row after three years of growth. In general, imports faced a abrupt decline. The growth pace was the most rapid in 2010 with an increase of X% against the previous year. Over the period under review, imports attained the maximum at X tonnes in 2007; however, from 2008 to 2019, imports stood at a somewhat lower figure.

In value terms, alumina imports reduced modestly to $X in 2019. Overall, imports recorded a abrupt setback. The pace of growth appeared the most rapid in 2010 when imports increased by X% y-o-y. Over the period under review, imports hit record highs at $X in 2007; however, from 2008 to 2019, imports stood at a somewhat lower figure.

Imports by Country

In 2019, Ireland (X tonnes) constituted the largest alumina supplier to the UK, with a X% share of total imports. Moreover, alumina imports from Ireland exceeded the figures recorded by the second-largest supplier, Spain (X tonnes), tenfold. The third position in this ranking was occupied by Germany (X tonnes), with a X% share.

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

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

From 2007 to 2019, the average annual rate of growth in terms of value from Ireland amounted to -X%. The remaining supplying countries recorded the following average annual rates of imports growth: Germany (-X% per year) and Hungary (+X% per year).

Import Prices by Country

The average alumina import price stood at $X per tonne in 2019, with an increase of X% against the previous year. Overall, import price indicated a tangible increase from 2007 to 2019: its price increased at an average annual rate of +X% over the last twelve years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2019 figures, alumina import price increased by +X% against 2016 indices. The pace of growth was the most pronounced in 2018 an increase of X% against the previous year. The import price peaked in 2019 and is likely to continue growth in the immediate term.

There were significant differences in the average prices amongst the major supplying countries. In 2019, the country with the highest price was Germany ($X per tonne), while the price for Spain ($X per tonne) was amongst the lowest.

From 2007 to 2019, the most notable rate of growth in terms of prices was attained by Hungary, while the prices for the other major suppliers experienced more modest paces of growth.

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) remains the largest alumina consuming country worldwide, accounting for 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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The country with the largest volume of alumina production was China (81M tonnes), accounting for 58% of total volume. Moreover, alumina production in China exceeded the figures recorded by the second-largest producer, Australia (19M tonnes), fourfold. The third position in this ranking was occupied by Brazil (8M tonnes), with a 5.7% share.

What are the leading suppliers of alumina to the UK?

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In value terms, Ireland ($49M) constituted the largest supplier of alumina to the UK, comprising 55% of total imports. The second position in the ranking was occupied by Germany ($15M), with a 16% share of total imports. It was followed by Hungary, with a 6.4% share.

What are the leading importers of alumina from the UK?

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In value terms, Ireland ($780K), the Netherlands ($561K) and France ($543K) constituted the largest markets for alumina exported from the UK worldwide, together accounting for 37% of total exports. Italy, Germany, Poland and Spain lagged somewhat behind, together accounting for a further 21%.

What is the average export price for alumina in the UK?

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The average alumina export price stood at $1,110 per tonne in 2019, with an increase of 6.6% against the previous year.

What is the average import price for alumina in the UK?

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The average alumina import price stood at $651 per tonne in 2019, increasing by 7.3% against the previous year.