United Kingdom: Alumina Market 2024

Alumina Market Size in the UK

In 2022, after four years of decline, there was significant growth in the UK alumina market, when its value increased by X% to $X. Overall, consumption saw a relatively flat trend pattern. As a result, consumption reached the peak level of $X. From 2018 to 2022, the growth of the market failed to regain momentum.

Alumina Production in the UK

In value terms, alumina production reduced to $X in 2022 estimated in export price. In general, production showed a sharp setback. The most prominent rate of growth was recorded in 2015 with an increase of X%. Alumina production peaked at $X in 2018; however, from 2019 to 2022, production failed to regain momentum.

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Alumina Exports

Exports from the UK

In 2022, shipments abroad of alumina decreased by X% to X tons, falling for the third consecutive year after two years of growth. Overall, exports saw a perceptible reduction. The pace of growth was the most pronounced in 2016 with an increase of X%. As a result, the exports reached the peak of X tons. From 2017 to 2022, the growth of the exports failed to regain momentum.

In value terms, alumina exports declined to $X in 2022. Over the period under review, exports saw a slight reduction. The most prominent rate of growth was recorded in 2021 when exports increased by X% against the previous year. Over the period under review, the exports reached the peak figure at $X in 2012; however, from 2013 to 2022, the exports remained at a lower figure.

Exports by Country

Saudi Arabia (X tons), the Netherlands (X tons) and Germany (X tons) were the main destinations of alumina exports from the UK, with a combined X% share of total exports. Italy, France, Ireland, the United States, China, Japan, Singapore, Thailand and South Africa lagged somewhat behind, together accounting for a further X%.

From 2012 to 2022, the biggest increases were recorded for Thailand (with a CAGR of X%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, Japan ($X), Ireland ($X) and Saudi Arabia ($X) were the largest markets for alumina exported from the UK worldwide, with a combined X% share of total exports. Germany, the United States, Italy, China, France, the Netherlands, Singapore, Thailand and South Africa lagged somewhat behind, together comprising a further X%.

Thailand, with a CAGR of X%, recorded the highest growth rate of the value of exports, among 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 2022, the average alumina export price amounted to $X per ton, declining by X% against the previous year. Over the period under review, the export price, however, recorded a relatively flat trend pattern. The most prominent rate of growth was recorded in 2021 when the average export price increased by X% against the previous year. As a result, the export price attained the peak level of $X per ton, and then dropped modestly in the following year.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Japan ($X per ton), while the average price for exports to the Netherlands ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to South Africa (X%), while the prices for the other major destinations experienced more modest paces of growth.

Alumina Imports

Imports into the UK

In 2022, after four years of decline, there was significant growth in overseas purchases of alumina, when their volume increased by X% to X tons. In general, imports recorded a resilient expansion. The most prominent rate of growth was recorded in 2015 when imports increased by X% against the previous year. Imports peaked at X tons in 2017; however, from 2018 to 2022, imports failed to regain momentum.

In value terms, alumina imports soared to $X in 2022. Overall, imports showed a perceptible expansion. The pace of growth was the most pronounced in 2017 with an increase of X% against the previous year. As a result, imports reached the peak of $X. From 2018 to 2022, the growth of imports failed to regain momentum.

Imports by Country

Ireland (X tons), Germany (X tons) and Hungary (X tons) were the main suppliers of alumina imports to the UK, with a combined X% share of total imports.

From 2012 to 2022, the biggest increases were recorded for Hungary (with a CAGR of X%), while purchases for the other leaders experienced more modest paces of growth.

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

From 2012 to 2022, the average annual growth rate of value from Ireland totaled 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

In 2022, the average alumina import price amounted to $X per ton, increasing by X% against the previous year. Over the period under review, the import price, however, recorded a noticeable decrease. The pace of growth appeared the most rapid in 2017 when the average import price increased by X%. Over the period under review, average import prices reached the peak figure at $X per ton in 2013; however, from 2014 to 2022, import prices remained at a lower figure.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was China ($X per ton), while the price for Hungary ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Spain (X%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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