China - Bauxite - Market Analysis, Forecast, Size, Trends And Insights
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View PricingBauxite Prices in China Leap Up After Military Turmoil Took Hold in Guinea
IndexBox has just published a new report: 'China - Bauxite - Market Analysis, Forecast, Size, Trends and Insights'. Here is a summary of the report's key findings.
In September, the price for Guinean bauxite in China reached its highest point in 18 months. The military coup in Guinea has caused concerns that shipments from the country will decrease and instigated the spike. Guinea is the world's primary bauxite supplier, making up more than half of all exports. In case there is a decline in supply from Guinea, China may expand imports from Australia. An increase in bauxite prices could lead to costs for aluminum on China's domestic market to grow as the country imports nearly 57% of the bauxite it consumes.
Key Trends and Insights
Prices for bauxite in China spiked due to concerns that the recent military coup in Guinea may cause shipments from the country to fall. Guinea is China's main source of bauxite. In 2020, China imported 53M tons of the Guinean product making up 47% of all its bauxite imports.
In September, Guinean bauxite reached $50.50 per ton on the Asian Metal exchange, its highest point since March 16 last year. Despite no information indicating an interruption in mining activities, the stock market responded to the political situation in Guinea with a spike in prices. Key players operating in Guinea´s bauxite industry, such as Compagnie des Bauxites de Guinee (CBG) and Société Minière de Boke (SMB), did not announce any possible suspension of works.
Guinea is the world's largest source of bauxite accounting for 50% of global exports. A reduction in supply from Guinea would inevitably result in a deficit in the global market and increase bauxite prices from other countries.
If bauxite shipments from Guinea fall, then China is expected to expand imports from the two other main countries supplying it, Australia and Indonesia. Australia is the top bauxite producer in the world and would most likely grow exports to China. Together, Guinea, Australia and Indonesia supply 97% of all imported bauxite to China.
Bauxite is the main source of alumina or aluminum oxide, which is used to produce aluminum metal. China produces over 60% of the world's aluminum and is the largest consumer of bauxite. The country's bauxite imports account for 77% of the global total. An increase in bauxite prices will cause costs for Chinese aluminum products to rise as the country imports nearly 57% of the bauxite it consumes.
Bauxite Production in China
China ranks third in global bauxite production, following Australia and Guinea. China accounts for 16.2% of the world bauxite production.
In 2020, approx. 60M tons of bauxite were produced in China; with a decrease of -14.3% compared with the year before. In value terms, bauxite production dropped dramatically to $1.6B in 2020 estimated in export prices.
Bauxite Imports into China
In 2020, the amount of bauxite imported into China expanded sharply to 112M tons, picking up by +11% from the previous year's figure. In value terms, bauxite imports reduced to $5.1B (IndexBox estimates) in 2020.
Guinea (53M tons), Australia (37M tons) and Indonesia (19M tons) were the main suppliers of bauxite imports to China, with a combined 97% share of total imports.
In value terms, the largest bauxite suppliers to China were Guinea ($2.5B), Australia ($1.5B) and Indonesia ($873M), together accounting for 96% of total imports.
Indonesia saw the highest growth rate of the value of imports (+29% y-o-y), among the main suppliers over the period under review, while purchases for the other leaders experienced a decline.
In 2020, the average bauxite import price amounted to $45 per ton, reducing by -11.3% against the previous year. Average prices varied noticeably amongst the major supplying countries. In 2020, the country with the highest price was Indonesia ($47 per ton), while the price for Australia ($42 per ton) was amongst the lowest. In 2020, the most notable rate of growth in terms of prices was attained by Indonesia, while the prices for the other major suppliers experienced a decline.
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This report provides an in-depth analysis of the bauxite market in China. 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.
Product coverage:
- Prodcom 07291300 - Aluminium ores and concentrates
Country coverage:
Data coverage:
- Market volume and value
- Per Capita consumption
- Forecast of the market dynamics in the medium term
- Trade (exports and imports) in China
- Export and import prices
- Market trends, drivers and restraints
- Key market players and their profiles
Reasons to buy this report:
- Take advantage of the latest data
- Find deeper insights into current market developments
- Discover vital success factors affecting the market
This report is designed for manufacturers, distributors, importers, and wholesalers, as well as for investors, consultants and advisors.
In this report, you can find information that helps you to make informed decisions on the following issues:
- How to diversify your business and benefit from new market opportunities
- How to load your idle production capacity
- How to boost your sales on overseas markets
- How to increase your profit margins
- How to make your supply chain more sustainable
- How to reduce your production and supply chain costs
- How to outsource production to other countries
- How to prepare your business for global expansion
While doing this research, we combine the accumulated expertise of our analysts and the capabilities of artificial intelligence. The AI-based platform, developed by our data scientists, constitutes the key working tool for business analysts, empowering them to discover deep insights and ideas from the marketing data.
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1. INTRODUCTION
Making Data-Driven Decisions to Grow Your Business
- REPORT DESCRIPTION
- RESEARCH METHODOLOGY AND AI PLATFORM
- DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
- GLOSSARY AND SPECIFIC TERMS
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2. EXECUTIVE SUMMARY
A Quick Overview of Market Performance
- KEY FINDINGS
- MARKET TRENDS This Chapter is Available Only for the Professional Edition PRO
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3. MARKET OVERVIEW
Understanding the Current State of The Market and Its Prospects
- MARKET SIZE
- MARKET STRUCTURE
- TRADE BALANCE
- PER CAPITA CONSUMPTION
- MARKET FORECAST TO 2030
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4. MOST PROMISING PRODUCT
Finding New Products to Diversify Your Business
This Chapter is Available Only for the Professional Edition PRO- TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
- BEST-SELLING PRODUCTS
- MOST CONSUMED PRODUCT
- MOST TRADED PRODUCT
- MOST PROFITABLE PRODUCT FOR EXPORT
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5. MOST PROMISING SUPPLYING COUNTRIES
Choosing the Best Countries to Establish Your Sustainable Supply Chain
This Chapter is Available Only for the Professional Edition PRO- TOP COUNTRIES TO SOURCE YOUR PRODUCT
- TOP PRODUCING COUNTRIES
- TOP EXPORTING COUNTRIES
- LOW-COST EXPORTING COUNTRIES
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6. MOST PROMISING OVERSEAS MARKETS
Choosing the Best Countries to Boost Your Exports
This Chapter is Available Only for the Professional Edition PRO- TOP OVERSEAS MARKETS FOR EXPORTING YOUR PRODUCT
- TOP CONSUMING MARKETS
- UNSATURATED MARKETS
- TOP IMPORTING MARKETS
- MOST PROFITABLE MARKETS
7. PRODUCTION
The Latest Trends and Insights into The Industry
- PRODUCTION VOLUME AND VALUE
8. IMPORTS
The Largest Import Supplying Countries
- IMPORTS FROM 2012–2023
- IMPORTS BY COUNTRY
- IMPORT PRICES BY COUNTRY
9. EXPORTS
The Largest Destinations for Exports
- EXPORTS FROM 2012–2023
- EXPORTS BY COUNTRY
- EXPORT PRICES BY COUNTRY
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10. PROFILES OF MAJOR PRODUCERS
The Largest Producers on The Market and Their Profiles
This Chapter is Available Only for the Professional Edition PRO -
LIST OF TABLES
- Key Findings In 2023
- Market Volume, In Physical Terms, 2012–2023
- Market Value, 2012–2023
- Per Capita Consumption In 2012-2023
- Imports, In Physical Terms, By Country, 2012–2023
- Imports, In Value Terms, By Country, 2012–2023
- Import Prices, By Country Of Origin, 2012–2023
- Exports, In Physical Terms, By Country, 2012–2023
- Exports, In Value Terms, By Country, 2012–2023
- Export Prices, By Country Of Destination, 2012–2023
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LIST OF FIGURES
- Market Volume, In Physical Terms, 2012–2023
- Market Value, 2012–2023
- Market Structure – Domestic Supply vs. Imports, In Physical Terms, 2012-2023
- Market Structure – Domestic Supply vs. Imports, In Value Terms, 2012-2023
- Trade Balance, In Physical Terms, 2012-2023
- Trade Balance, In Value Terms, 2012-2023
- Per Capita Consumption, 2012-2023
- Market Volume Forecast to 2030
- Market Value Forecast to 2030
- Products: Market Size And Growth, By Type
- Products: Average Per Capita Consumption, By Type
- Products: Exports And Growth, By Type
- Products: Export Prices And Growth, By Type
- Production Volume And Growth
- Exports And Growth
- Export Prices And Growth
- Market Size And Growth
- Per Capita Consumption
- Imports And Growth
- Import Prices
- Production, In Physical Terms, 2012–2023
- Production, In Value Terms, 2012–2023
- Imports, In Physical Terms, 2012–2023
- Imports, In Value Terms, 2012–2023
- Imports, In Physical Terms, By Country, 2023
- Imports, In Physical Terms, By Country, 2012–2023
- Imports, In Value Terms, By Country, 2012–2023
- Import Prices, By Country Of Origin, 2012–2023
- Exports, In Physical Terms, 2012–2023
- Exports, In Value Terms, 2012–2023
- Exports, In Physical Terms, By Country, 2023
- Exports, In Physical Terms, By Country, 2012–2023
- Exports, In Value Terms, By Country, 2012–2023
- Export Prices, By Country Of Destination, 2012–2023
