Price for Aluminium Oxide (Including Artificial Corundum); Aluminium Hydroxide in Hungary - 2023
Contents:
- Price for Aluminium Oxide (Including Artificial Corundum); Aluminium Hydroxide in Hungary (FOB) - 2023
- Price for Aluminium Oxide (Including Artificial Corundum); Aluminium Hydroxide in Hungary (CIF) - 2022
- Exports of Aluminium Oxide (Including Artificial Corundum); Aluminium Hydroxide in Hungary
- Imports of Aluminium Oxide (Including Artificial Corundum); Aluminium Hydroxide in Hungary
Price for Aluminium Oxide (Including Artificial Corundum); Aluminium Hydroxide in Hungary (FOB) - 2023
In October 2023, the average export price for aluminium oxide (including artificial corundum); aluminium hydroxide amounted to $1,218 per ton, picking up by 9.2% against the previous month. Over the period under review, the export price continues to indicate a relatively flat trend pattern. As a result, the export price reached the peak level and is likely to continue growth in the immediate term.
There were significant differences in the average prices for the major export markets. In October 2023, the country with the highest price was Morocco ($1,752 per ton), while the average price for exports to Norway ($686 per ton) was amongst the lowest.
From October 2022 to October 2023, the most notable rate of growth in terms of prices was recorded for supplies to Bosnia and Herzegovina (+3.2%), while the prices for the other major destinations experienced more modest paces of growth.
Price for Aluminium Oxide (Including Artificial Corundum); Aluminium Hydroxide in Hungary (CIF) - 2022
The average import price for aluminium oxide (including artificial corundum); aluminium hydroxide stood at $314 per ton in 2022, dropping by -25.3% against the previous year. In general, the import price showed a abrupt descent. The pace of growth appeared the most rapid in 2016 when the average import price increased by 45%. Over the period under review, average import prices reached the peak figure at $582 per ton in 2018; however, from 2019 to 2022, import prices failed to regain momentum.
Average prices varied somewhat amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was Bosnia and Herzegovina ($311 per ton), while the price for Germany stood at $239 per ton.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Bosnia and Herzegovina (-2.1%).
Exports of Aluminium Oxide (Including Artificial Corundum); Aluminium Hydroxide in Hungary
For the fourth consecutive year, Hungary recorded growth in shipments abroad of aluminium oxide (including artificial corundum); aluminium hydroxide, which increased by 3.6% to 111K tons in 2022. In general, exports saw significant growth. The growth pace was the most rapid in 2020 when exports increased by 337% against the previous year. Over the period under review, the exports of hit record highs in 2022 and are likely to see gradual growth in the immediate term.
In value terms, exports of aluminium oxide (including artificial corundum); aluminium hydroxide rose notably to $91M in 2022. Overall, total exports indicated temperate growth from 2019 to 2022: its value increased at an average annual rate of +3.9% over the last three-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, exports increased by +57.1% against 2020 indices. The pace of growth was the most pronounced in 2021 when exports increased by 37% against the previous year. Over the period under review, the exports of hit record highs in 2022 and are likely to see steady growth in the near future.
| Export of Aluminium Oxide (Including Artificial Corundum); Aluminium Hydroxide in Hungary (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Germany | 19.3 | 11.8 | 16.0 | 20.4 | 1.9% |
| Italy | 13.2 | 7.6 | 11.4 | 14.0 | 2.0% |
| Czech Republic | 5.2 | 5.3 | 7.1 | 8.5 | 17.8% |
| Poland | 6.7 | 5.8 | 6.8 | 8.1 | 6.5% |
| Slovakia | 2.6 | 6.4 | 10.9 | 6.9 | 38.4% |
| United Kingdom | 6.3 | 3.6 | 5.8 | 6.3 | 0.0% |
| Austria | 4.6 | 3.7 | 4.1 | 5.1 | 3.5% |
| United States | 4.1 | 2.3 | 2.3 | 3.7 | -3.4% |
| France | 2.0 | 0.8 | 2.4 | 3.5 | 20.5% |
| Sweden | 1.9 | 1.2 | 1.6 | 2.3 | 6.6% |
| Spain | 1.4 | 1.2 | 1.5 | 1.6 | 4.6% |
| Others | 13.7 | 8.1 | 9.1 | 10.2 | -9.4% |
| Total | 80.9 | 57.7 | 78.9 | 90.7 | 3.9% |
Top Export Markets for Aluminium Oxide (Including Artificial Corundum); Aluminium Hydroxide from Hungary in 2022:
- Germany (25.6K tons)
- Italy (21.6K tons)
- Slovakia (14.3K tons)
- Poland (11.4K tons)
- Czech Republic (8.6K tons)
- United Kingdom (6.1K tons)
- France (3.6K tons)
- Austria (3.3K tons)
- United States (2.3K tons)
- Sweden (2.2K tons)
- Spain (1.8K tons)
Imports of Aluminium Oxide (Including Artificial Corundum); Aluminium Hydroxide in Hungary
In 2022, the amount of aluminium oxide (including artificial corundum); aluminium hydroxide imported into Hungary skyrocketed to 234K tons, picking up by 34% compared with the previous year's figure. In general, imports showed a significant expansion. As a result, imports attained the peak and are likely to continue growth in the immediate term.
In value terms, imports of aluminium oxide (including artificial corundum); aluminium hydroxide declined to $73M in 2022. The total import value increased at an average annual rate of +1.5% from 2019 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The growth pace was the most rapid in 2021 with an increase of 35%. As a result, imports attained the peak of $73M, leveling off in the following year.
| Import of Aluminium Oxide (Including Artificial Corundum); Aluminium Hydroxide in Hungary (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Bosnia and Herzegovina | 31.5 | 20.5 | 28.6 | 33.1 | 1.7% |
| Germany | 23.2 | 19.4 | 24.8 | 28.2 | 6.7% |
| Slovenia | 3.6 | 2.8 | 2.9 | 0.9 | -37.0% |
| Austria | 1.0 | 0.9 | 0.8 | 0.3 | -33.1% |
| Others | 10.9 | 10.8 | 16.3 | 10.8 | -0.3% |
| Total | 70.2 | 54.3 | 73.4 | 73.3 | 1.5% |
Top Suppliers of Aluminium Oxide (Including Artificial Corundum); Aluminium Hydroxide to Hungary in 2022:
- Germany (118.2K tons)
- Bosnia and Herzegovina (106.2K tons)
- Austria (2.4K tons)
- Slovenia (2.2K tons)
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