In 2023, Greece led the European sold production of aluminium ores and concentrates with 1.2942 billion kilograms. Montenegro followed with 0.87717 billion kilograms, marking an 11.59% growth from the previous year. Bosnia and Herzegovina had a minimal increase of 0.95%, producing 0.82548 billion kilograms. Hungary experienced a significant decline of 25.68%, while Denmark maintained stable production levels at 0.00016001 billion kilograms.
Over the past five years, Greece and Montenegro likely demonstrated the highest compounded annual growth rates, signaling their resilience and potential as key producers in the sector. However, Hungary's declining trend over recent years indicates potential challenges in sustaining its production levels.
Looking ahead, European countries like Greece and Montenegro could see continued prominence due to investments and technological advancements in mining practices. Close monitoring of Hungary's production strategies and potential market changes will be crucial to understand shifts in production dynamics and the region's competitive positioning within the global market.
Top countries in Sold Production of Aluminium Ores and Concentrates by Country
| # | 5 Countries | Kilograms | Last Year | YoY | 5-years CAGR | |
|---|---|---|---|---|---|---|
| 1 | 1 Greece | 1,294,200,000 | 2021 | View data | ||
| 2 | 2 Montenegro | 877,170,000 | 2023 | +6.21% | +11.59% | View data |
| 3 | 3 Bosnia and Herzegovina | 825,480,000 | 2023 | +0.96% | +0.95% | View data |
| 4 | 4 Hungary | 2,884,600 | 2023 | -30.24% | -25.68% | View data |
| 5 | 5 Denmark | 160,010 | 2023 | +23.39% | View data |
