EU: Aluminium And Titanium Market 2024

Aluminium And Titanium Market Size in the EU

In 2023, after two years of growth, there was significant decline in the EU aluminium and titanium market, when its value decreased by X% to $X. The total consumption indicated a moderate expansion from 2012 to 2023: its value increased at an average annual rate of X% over the last eleven-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2023 figures, consumption increased by X% against 2020 indices. The level of consumption peaked at $X in 2022, and then contracted dramatically in the following year.

Aluminium And Titanium Production in the EU

In value terms, aluminium and titanium production shrank notably to $X in 2023 estimated in export price. In general, production recorded a perceptible expansion. The most prominent rate of growth was recorded in 2022 when the production volume increased by X%. As a result, production reached the peak level of $X, and then dropped notably in the following year.

Aluminium And Titanium Exports

Exports in the EU

In 2023, after three years of growth, there was significant decline in overseas shipments of aluminium and titanium, when their volume decreased by X% to X tons. Overall, exports, however, continue to indicate prominent growth. 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 attained the peak figure at X tons in 2022, and then shrank in the following year.

In value terms, aluminium and titanium exports contracted significantly to $X in 2023. Over the period under review, exports, however, posted a prominent increase. The most prominent rate of growth was recorded in 2021 when exports increased by X%. The level of export peaked at $X in 2022, and then dropped remarkably in the following year.

Exports by Country

In 2023, the Netherlands (X tons) represented the key exporter of aluminium and titanium, constituting X% of total exports. It was distantly followed by Italy (X tons), Germany (X tons) and Spain (X tons), together making up a X% share of total exports. Poland (X tons), France (X tons), Austria (X tons), Sweden (X tons), Romania (X tons), Denmark (X tons), Luxembourg (X tons), Greece (X tons) and Slovenia (X tons) followed a long way behind the leaders.

Exports from the Netherlands increased at an average annual rate of X% from 2012 to 2023. At the same time, Denmark (X%), Poland (X%), Italy (X%), Romania (X%), Spain (X%), Slovenia (X%), Germany (X%), France (X%) and Greece (X%) displayed positive paces of growth. Moreover, Denmark emerged as the fastest-growing exporter exported in the European Union, with a CAGR of X% from 2012-2023. Sweden experienced a relatively flat trend pattern. By contrast, Luxembourg (X%) and Austria (X%) illustrated a downward trend over the same period. While the share of the Netherlands (X p.p.), Italy (X p.p.) and Denmark (X p.p.) increased significantly in terms of the total exports from 2012-2023, the share of Greece (X p.p.), France (X p.p.), Luxembourg (X p.p.), Spain (X p.p.), Sweden (X p.p.), Austria (X p.p.) and Germany (X p.p.) displayed negative dynamics. The shares of the other countries remained relatively stable throughout the analyzed period.

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

In the Netherlands, aluminium and titanium exports increased at an average annual rate of X% over the period from 2012-2023. In the other countries, the average annual rates were as follows: Italy (X% per year) and Germany (X% per year).

Export Prices by Country

The export price in the European Union stood at $X per ton in 2023, reducing by X% against the previous year. Export price indicated a slight expansion from 2012 to 2023: its price increased at an average annual rate of X% over the last eleven years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2023 figures, aluminium and titanium export price increased by X% against 2020 indices. The pace of growth appeared the most rapid in 2021 when the export price increased by X% against the previous year. Over the period under review, the export prices hit record highs at $X per ton in 2022, and then shrank rapidly in the following year.

Average prices varied somewhat amongst the major exporting countries. In 2023, major exporting countries recorded the following prices: in France ($X per ton) and Slovenia ($X per ton), while Austria ($X per ton) and Spain ($X per ton) were amongst the lowest.

From 2012 to 2023, the most notable rate of growth in terms of prices was attained by Italy (X%), while the other leaders experienced more modest paces of growth.

Aluminium And Titanium Imports

Imports in the EU

After three years of growth, overseas purchases of aluminium and titanium decreased by X% to X tons in 2023. Total imports indicated a pronounced increase from 2012 to 2023: its volume increased at an average annual rate of X% over the last eleven-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2023 figures, imports increased by X% against 2019 indices. The pace of growth appeared the most rapid in 2021 with an increase of X% against the previous year. Over the period under review, imports reached the peak figure at X tons in 2022, and then shrank in the following year.

In value terms, aluminium and titanium imports shrank rapidly to $X in 2023. In general, imports, however, enjoyed a strong expansion. The most prominent rate of growth was recorded in 2021 with an increase of X% against the previous year. Over the period under review, imports reached the maximum at $X in 2022, and then plummeted in the following year.

Imports by Country

The Netherlands (X tons) and Germany (X tons) were the largest importers of aluminium and titanium in 2023, accounting for near X% and X% of total imports, respectively. Italy (X tons) held an X% share (based on physical terms) of total imports, which put it in second place, followed by Poland (X%), Spain (X%) and France (X%). Austria (X tons), Greece (X tons), Belgium (X tons), the Czech Republic (X tons), Hungary (X tons), Denmark (X tons) and Slovenia (X tons) followed a long way behind the leaders.

From 2012 to 2023, the most notable rate of growth in terms of purchases, amongst the key importing countries, was attained by Denmark (with a CAGR of X%), while imports for the other leaders experienced more modest paces of growth.

In value terms, the largest aluminium and titanium importing markets in the European Union were the Netherlands ($X), Germany ($X) and Italy ($X), with a combined X% share of total imports. Poland, Spain, France, Austria, Greece, the Czech Republic, Belgium, Hungary, Denmark and Slovenia lagged somewhat behind, together comprising a further X%.

Denmark, with a CAGR of X%, saw the highest growth rate of the value of imports, among the main importing countries 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 2023, waning by X% against the previous year. Import price indicated a mild increase from 2012 to 2023: its price increased at an average annual rate of X% over the last eleven years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2023 figures, aluminium and titanium import price increased by X% against 2020 indices. The most prominent rate of growth was recorded in 2021 when the import price increased by X% against the previous year. The level of import peaked at $X per ton in 2022, and then reduced sharply in the following year.

Average prices varied noticeably amongst the major importing countries. In 2023, major importing countries recorded the following prices: in France ($X per ton) and the Czech Republic ($X per ton), while Denmark ($X per ton) and Greece ($X per ton) were amongst the lowest.

From 2012 to 2023, the most notable rate of growth in terms of prices was attained by Italy (X%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform