Bulgaria’s alumina exports soar in 2024 despite shrinking domestic demand
Bulgaria's alumina industry witnessed significant shifts in 2024. After peaking in 2023, alumina consumption declined notably. Meanwhile, exports surged, with Italy being the primary destination.
In 2024, alumina exports from Bulgaria reached $X, a remarkable increase from the previous year. This growth was driven by a 12% rise in export volumes to 1.2X tons and a 18% increase in export values. The key markets for Bulgarian alumina were Germany, Italy, and Turkey, with Italy accounting for a X% share of total exports.
The average alumina import price in Bulgaria in 2024 was $X per ton, a X% decrease from the previous year. Despite this, the Bulgarian alumina market contracted by X% to $X, marking the first decrease since 2019. Austria was the leading alumina supplier to Bulgaria, holding a X% share of total imports.
The average alumina export price in 2024 was $X per ton, a X% increase from the previous year. Prices varied significantly among major supplying countries, ranging from $X to $X per ton. Notably, alumina imports to Bulgaria dropped by X% to X tons in 2024.
Bulgaria's alumina industry experienced a mix of growth and decline in 2024. While exports surged and export prices increased, consumption and imports decreased. The market's future trajectory remains uncertain, with potential impacts on both local producers and international partners.
