Australia - Aluminium Hydroxide - Market Analysis, Forecast, Size, Trends And Insights
Australia's Aluminium Hydroxide Price Slumps to $230 per Ton
Australia Aluminium Hydroxide Export Price in August 2022
In August 2022, the aluminium hydroxide price amounted to $230 per ton (FOB, Australia), waning by -19.1% against the previous month. In general, the export price recorded a noticeable decline. The most prominent rate of growth was recorded in June 2022 an increase of 84% month-to-month. As a result, the export price attained the peak level of $460 per ton. From July 2022 to August 2022, the the average export prices remained at a lower figure.
Average prices varied noticeably for the major export markets. In August 2022, the countries with the highest prices were South Korea ($240 per ton) and Japan ($233 per ton), while the average price for exports to Indonesia ($222 per ton) and Malaysia ($226 per ton) were amongst the lowest.
From January 2022 to August 2022, the most notable rate of growth in terms of prices was recorded for supplies to Taiwan (Chinese) (+6.0%), while the prices for the other major destinations experienced more modest paces of growth.
Australia Aluminium Hydroxide Exports
After two months of growth, shipments abroad of aluminium hydroxide decreased by -5.1% to 37K tons in August 2022. Over the period under review, exports showed a slight curtailment. The most prominent rate of growth was recorded in April 2022 with an increase of 69% against the previous month. As a result, the exports attained the peak of 66K tons. From May 2022 to August 2022, the growth of the exports failed to regain momentum.
In value terms, aluminium hydroxide exports dropped rapidly to $8.6M (IndexBox estimates) in August 2022. Overall, exports saw a deep setback. The pace of growth appeared the most rapid in April 2022 when exports increased by 105% month-to-month. As a result, the exports reached the peak of $20M. From May 2022 to August 2022, the growth of the exports failed to regain momentum.
Australia Aluminium Hydroxide Exports by Country
Malaysia (13K tons), Japan (12K tons) and Indonesia (6.3K tons) were the main destinations of aluminium hydroxide exports from Australia, together accounting for 83% of total exports.
From January 2022 to August 2022, the biggest increases were in Indonesia (with a CAGR of +284.5%), while shipments for the other leaders experienced mixed trend patterns.
In value terms, Japan ($2.9M), Malaysia ($2.8M) and South Korea ($1.5M) constituted the largest markets for aluminium hydroxide exported from Australia worldwide, together accounting for 84% of total exports. Indonesia lagged somewhat behind, comprising a further 16%.
In terms of the main countries of destination, Indonesia, with a CAGR of +121.8%, recorded the highest growth rate of the value of exports, over the period under review, while shipments for the other leaders experienced mixed trend patterns.
This report provides an in-depth analysis of the aluminium hydroxide market in Australia. Within it, you will discover the latest data on market trends and opportunities by country, consumption, production and price developments, as well as the global trade (imports and exports). The forecast exhibits the market prospects through 2030.
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