EU: Aluminum Market 2024

Aluminum Market Size in the EU

In 2022, the EU aluminum market increased by X% to $X, rising for the second consecutive year after two years of decline. The total consumption indicated a resilient expansion from 2012 to 2022: its value increased at an average annual rate of X% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, consumption increased by X% against 2020 indices. The level of consumption peaked in 2022 and is expected to retain growth in the immediate term.

Aluminum Production in the EU

In value terms, aluminum production skyrocketed to $X in 2022 estimated in export price. The total production indicated a remarkable increase from 2012 to 2022: its value increased at an average annual rate of X% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, production increased by X% against 2020 indices. The growth pace was the most rapid in 2013 when the production volume increased by X% against the previous year. Over the period under review, production attained the maximum level at $X in 2018; however, from 2019 to 2022, production stood at a somewhat lower figure.

Aluminum Exports

Exports in the EU

In 2022, overseas shipments of aluminum and alloys increased by X% to X tons, rising for the third consecutive year after two years of decline. Total exports indicated a resilient expansion from 2012 to 2022: its volume increased at an average annual rate of X% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, exports increased by X% against 2019 indices. The growth pace was the most rapid in 2021 when exports increased by X%. The volume of export peaked in 2022 and is likely to see gradual growth in the near future.

In value terms, aluminum exports surged to $X in 2022. Overall, exports recorded buoyant growth. The most prominent rate of growth was recorded in 2021 with an increase of X%. Over the period under review, the exports attained the peak figure in 2022 and are expected to retain growth in years to come.

Exports by Country

In 2022, the Netherlands (X tons) was the main exporter of aluminum and alloys, creating X% of total exports. Germany (X tons) ranks second in terms of the total exports with an X% share, followed by Italy (X%), Spain (X%) and Sweden (X%). France (X tons), Poland (X tons), Austria (X tons), Romania (X tons), Slovenia (X tons), Belgium (X tons), Luxembourg (X tons) and Greece (X tons) followed a long way behind the leaders.

The Netherlands was also the fastest-growing in terms of the aluminum and alloys exports, with a CAGR of X% from 2012 to 2022. At the same time, Poland (X%), Slovenia (X%), Romania (X%), Sweden (X%), Spain (X%), France (X%), Italy (X%), Germany (X%) and Greece (X%) displayed positive paces of growth. Austria and Belgium experienced a relatively flat trend pattern. By contrast, Luxembourg (X%) illustrated a downward trend over the same period. The Netherlands (X p.p.) significantly strengthened its position in terms of the total exports, while Greece, Spain, Luxembourg, Belgium, Italy, Austria and Germany saw its share reduced by X%, X%, X%, X%, X%, X% and X% from 2012 to 2022, respectively. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, the Netherlands ($X) remains the largest aluminum supplier in the European Union, comprising X% of total exports. The second position in the ranking was taken by Germany ($X), with an X% share of total exports. It was followed by Italy, with a X% share.

From 2012 to 2022, the average annual rate of growth in terms of value in the Netherlands totaled X%. The remaining exporting countries recorded the following average annual rates of exports growth: Germany (X% per year) and Italy (X% per year).

Export Prices by Country

In 2022, the export price in the European Union amounted to $X per ton, picking up by X% against the previous year. Export price indicated a perceptible expansion from 2012 to 2022: its price increased at an average annual rate of X% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, aluminum export price increased by X% against 2020 indices. The most prominent rate of growth was recorded in 2021 an increase of X%. The level of export peaked in 2022 and is likely to continue growth in the immediate term.

Prices varied noticeably by country of origin: amid the top suppliers, the country with the highest price was Slovenia ($X per ton), while Romania ($X per ton) was amongst the lowest.

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

Aluminum Imports

Imports in the EU

In 2022, the amount of aluminum and alloys imported in the European Union rose remarkably to X tons, picking up by X% against the previous year's figure. The total import volume increased at an average annual rate of X% over the period from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The most prominent rate of growth was recorded in 2021 when imports increased by X%. Over the period under review, imports hit record highs in 2022 and are expected to retain growth in the immediate term.

In value terms, aluminum imports skyrocketed to $X in 2022. In general, imports continue to indicate a strong increase. The pace of growth was the most pronounced in 2021 with an increase of X%. Over the period under review, imports reached the maximum in 2022 and are expected to retain growth in the immediate term.

Imports by Country

In 2022, the Netherlands (X tons) and Germany (X tons) were the key importers of aluminum and alloys in the European Union, together generating X% of total imports. It was distantly followed by Italy (X tons), Spain (X tons), Poland (X tons), France (X tons) and Austria (X tons), together comprising a X% share of total imports. The following importers - Greece (X tons), Belgium (X tons), Sweden (X tons), the Czech Republic (X tons), Slovenia (X tons) and Hungary (X tons) - together made up X% of total imports.

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

In value terms, the largest aluminum importing markets in the European Union were the Netherlands ($X), Germany ($X) and Italy ($X), with a combined X% share of total imports.

Among the main importing countries, the Netherlands, with a CAGR of X%, saw the highest growth rate of the value of imports, over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

The import price in the European Union stood at $X per ton in 2022, jumping by X% against the previous year. Import price indicated tangible growth from 2012 to 2022: its price increased at an average annual rate of X% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, aluminum import price increased by X% against 2020 indices. The most prominent rate of growth was recorded in 2021 an increase of X%. Over the period under review, import prices reached the maximum in 2022 and is likely to continue growth in years to come.

Average prices varied noticeably amongst the major importing countries. In 2022, major importing countries recorded the following prices: in Sweden ($X per ton) and Spain ($X per ton), while Austria ($X per ton) and the Czech Republic ($X per ton) were amongst the lowest.

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

Source: IndexBox Platform

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