World - Alumina (Aluminum Oxide) - Market Analysis, Forecast, Size, Trends and Insights
Brazil’s Exports of Aluminium Oxide Surge, Reaching $2,334M in 2014
By virtue of its meteoric rise in exports, Brazil became one of the leaders in the global aluminium oxide trade. In 2014, Brazil exported 8,182 thousand tonnes of aluminium oxide totaling 2,334 million USD, 29% over the previous year. Its primary trading partner was Canada, where it supplied 27% of its total aluminium oxide exports in value terms, accounting for 52% of Canada's total imports.
From 2007 to 2014, Brazil was a net exporter of aluminium oxide. In this period, exports consistently exceeded imports in value terms. However, in physical terms, the difference was more pronounced due to high import prices.
Overall, Australia and the U.S. were also the main global suppliers of aluminium oxide in 2014. However, the fastest growing exporters from 2007 to 2014 were Brazil (+9% per year) and India (+9% per year).
In 2014, Brazil's top 5 trading partners were Canada, Norway, Iceland, the United Arab Emirates and Argentina, with a combined share 77% of Brazilian exports. The share of the United Arab Emirates increased significantly (+11 percentage points), while the share of Norway illustrated negative dynamics (-14 percentage points).
Source: IndexBox AI Platform
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