Price for Aluminium Oxide (Including Artificial Corundum); Aluminium Hydroxide in the UK - 2023
Contents:
- Price for Aluminium Oxide (Including Artificial Corundum); Aluminium Hydroxide in the UK (CIF) - 2022
- Price for Aluminium Oxide (Including Artificial Corundum); Aluminium Hydroxide in the UK (FOB) - 2022
- Imports of Aluminium Oxide (Including Artificial Corundum); Aluminium Hydroxide in the UK
- Exports of Aluminium Oxide (Including Artificial Corundum); Aluminium Hydroxide in the UK
Price for Aluminium Oxide (Including Artificial Corundum); Aluminium Hydroxide in the UK (CIF) - 2022
In 2022, the average import price for aluminium oxide (including artificial corundum); aluminium hydroxide amounted to $813 per ton, growing by 32% against the previous year. Overall, the import price, however, continues to indicate a slight reduction. The most prominent rate of growth was recorded in 2017 an increase of 40%. Over the period under review, average import prices attained the peak figure at $897 per ton in 2012; however, from 2013 to 2022, import prices stood at a somewhat lower figure.
Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was France ($1,218 per ton), while the price for Spain ($325 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Ireland (+8.9%), while the prices for the other major suppliers experienced more modest paces of growth.
Price for Aluminium Oxide (Including Artificial Corundum); Aluminium Hydroxide in the UK (FOB) - 2022
In 2022, the average export price for aluminium oxide (including artificial corundum); aluminium hydroxide amounted to $1,329 per ton, increasing by 16% against the previous year. In general, the export price recorded a relatively flat trend pattern. The pace of growth appeared the most rapid in 2020 an increase of 30% against the previous year. Over the period under review, the average export prices attained the maximum at $1,672 per ton in 2013; however, from 2014 to 2022, the export prices remained at a lower figure.
Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Turkey ($3,116 per ton), while the average price for exports to Saudi Arabia ($516 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 Turkey (+12.7%), while the prices for the other major destinations experienced more modest paces of growth.
Imports of Aluminium Oxide (Including Artificial Corundum); Aluminium Hydroxide in the UK
In 2022, approx. 182K tons of aluminium oxide (including artificial corundum); aluminium hydroxide were imported into the UK; declining by -8.5% on the previous year. Over the period under review, imports faced a abrupt contraction.
In value terms, imports of aluminium oxide (including artificial corundum); aluminium hydroxide skyrocketed to $148M in 2022. Overall, imports showed a noticeable curtailment.
| Import of Aluminium Oxide (Including Artificial Corundum); Aluminium Hydroxide in the UK (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Germany | 41.6 | 48.6 | 44.0 | 47.1 | 4.2% |
| Ireland | 53.6 | 25.7 | 9.3 | 31.6 | -16.1% |
| China | 16.8 | 12.2 | 11.9 | 23.3 | 11.5% |
| Spain | 5.3 | 5.6 | 12.9 | 12.3 | 32.4% |
| Hungary | 7.7 | 5.1 | 8.8 | 6.0 | -8.0% |
| Netherlands | 4.2 | 3.3 | 6.5 | 5.3 | 8.1% |
| Australia | N/A | N/A | 0.7 | 2.2 | 214.3% |
| Denmark | 0.5 | 0.1 | 0.4 | 1.3 | 37.5% |
| Russia | 4.5 | 3.8 | 2.0 | 0.2 | -64.6% |
| Others | 27.5 | 19.0 | 25.8 | 18.6 | -12.2% |
| Total | 162 | 123 | 122 | 148 | -3.0% |
Top Suppliers of Aluminium Oxide (Including Artificial Corundum); Aluminium Hydroxide to the UK in 2022:
- Germany (44.1K tons)
- Ireland (41.2K tons)
- Spain (37.9K tons)
- China (21.3K tons)
- Netherlands (10.3K tons)
- Australia (6.9K tons)
- Hungary (5.6K tons)
- Denmark (3.4K tons)
- Russia (0.2K tons)
Exports of Aluminium Oxide (Including Artificial Corundum); Aluminium Hydroxide in the UK
For the third consecutive year, the UK recorded decline in shipments abroad of aluminium oxide (including artificial corundum); aluminium hydroxide, which decreased by -8.5% to 14K tons in 2022. Over the period under review, exports showed a abrupt contraction. The smallest decline of -5% was in 2021.
In value terms, exports of aluminium oxide (including artificial corundum); aluminium hydroxide reached $19M in 2022. Overall, exports saw a noticeable descent. The growth pace was the most rapid in 2021 when exports increased by 11% against the previous year.
| Export of Aluminium Oxide (Including Artificial Corundum); Aluminium Hydroxide in the UK (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Belgium | 3.0 | 2.8 | 2.8 | 2.2 | -9.8% |
| Ireland | 2.1 | 1.3 | 1.3 | 1.9 | -3.3% |
| Germany | 1.9 | 2.1 | 1.9 | 1.8 | -1.8% |
| Italy | 1.3 | 0.8 | 1.5 | 1.5 | 4.9% |
| Netherlands | 2.0 | 1.7 | 1.5 | 1.2 | -15.7% |
| Poland | 0.9 | 0.9 | 1.1 | 1.2 | 10.1% |
| India | 0.9 | 0.3 | 0.5 | 0.9 | 0.0% |
| France | 1.5 | 1.1 | 0.8 | 0.8 | -18.9% |
| Sweden | 0.3 | 0.4 | 0.3 | 0.7 | 32.6% |
| Saudi Arabia | N/A | 0.2 | 0.5 | 0.6 | 73.2% |
| Spain | 0.5 | 0.4 | 0.6 | 0.5 | 0.0% |
| Austria | 0.7 | 0.6 | 0.1 | 0.3 | -24.6% |
| South Africa | 0.4 | 0.2 | 0.2 | 0.1 | -37.0% |
| Others | 5.1 | 3.1 | 4.6 | 5.0 | -0.7% |
| Total | 20.6 | 15.9 | 17.7 | 18.7 | -3.2% |
Top Export Markets for Aluminium Oxide (Including Artificial Corundum); Aluminium Hydroxide from the UK in 2022:
- Italy (1.9K tons)
- Belgium (1.5K tons)
- Germany (1.4K tons)
- Saudi Arabia (1.2K tons)
- Netherlands (1.1K tons)
- India (1.0K tons)
- Sweden (1.0K tons)
- Ireland (0.9K tons)
- Poland (0.8K tons)
- France (0.6K tons)
- Austria (0.3K tons)
- Spain (0.3K tons)
- South Africa (0.2K tons)
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