World - Alumina - Market Analysis, Forecast, Size, Trends And Insights
Update: COVID-19 Impact
U.S. Alumina Imports Pick Up 12%, Compensating Partially for Domestic Production Drop
IndexBox has just published a new report: 'World - Alumina - Market Analysis, Forecast, Size, Trends and Insights'. Here is a summary of the report's key findings.
In 2021, the U.S. alumina market increased by 3.9% to $1B for the first time since 2018, thus ending a two-year declining trend. Over the period under review, consumption recorded an abrupt descent.
U.S. Alumina Production
For the third consecutive year, the United States recorded decline in production of alumina, which decreased by -25.4% to 1M tonnes in 2021. Production showed an abrupt setback in the last decade, declining from 3.8M tonnes in 2011 to 1M tonnes last year.
U.S. Alumina Exports
In 2021, overseas shipments of alumina were finally on the rise to reach 107K tonnes for the first time since 2015, thus ending a five-year declining trend. In general, exports, however, saw a dramatic contraction over the past decade. The supplies dropped from 1.9M tonnes in 2011 to 107K tonnes last year.
In value terms, alumina exports dropped to $273M in 2021. Overall, exports, however, faced an abrupt shrinkage.
Exports by Country
Canada (30K tonnes), Mexico (24K tonnes) and China (6.6K tonnes) were the main destinations of alumina exports from the United States, together comprising 57% of total supplies. These countries were followed by Kuwait, the Netherlands, Germany, South Korea, Belgium, Brazil, Taiwan (Chinese), Japan and India, which together accounted for a further 32%.
In value terms, China ($45M), Mexico ($44M) and Canada ($35M) constituted the largest markets for alumina exported from the United States worldwide, together accounting for 45% of total supplies. These countries were followed by Belgium, Germany, Japan, South Korea, Taiwan (Chinese), Kuwait, the Netherlands, Brazil and India, which together accounted for a further 39%.
In terms of the main countries of destination, Belgium recorded the highest rates of growth with regard to the value of exports, over the period under review, while shipments for the other leaders experienced more modest paces of growth.
Export Prices by Country
In 2021, the average alumina export price amounted to $2,541 per tonne, waning by -7.8% against the previous year. Prices varied noticeably by country of destination; the country with the highest price was Belgium ($8,045 per tonne), while the average price for exports to the Netherlands ($1,138 per tonne) was amongst the lowest. From 2011 to 2021, the most notable rate of growth in terms of prices was recorded for supplies to Canada, while the prices for the other major destinations experienced more modest paces of growth.
U.S. Alumina Imports
In 2021, the amount of alumina imported into the United States rose significantly to 1.3M tonnes, surging by 12% compared with 2020. Imports peaked at 2.1M tonnes in 2011; however, from 2012 to 2021, imports remained at a lower figure.
In value terms, alumina imports soared from $473M to $622M in 2021. Overall, imports, however, recorded a pronounced downturn in the past decade.
Imports by Country
In 2021, Brazil (989K tonnes) constituted the largest supplier of alumina to the United States, accounting for a 74% share of total imports. Moreover, alumina imports from Brazil exceeded the figures recorded by the second-largest supplier, Jamaica (182K tonnes), fivefold. Australia (67K tonnes) ranked third in terms of total imports with a 5% share.
In value terms, Brazil ($363M) constituted the largest supplier of alumina to the United States, comprising 58% of total imports. The second position in the ranking was occupied by Jamaica ($74M), with a 12% share of total purchases. It was followed by Australia, with a 4.8% share.
From 2011 to 2021, the average annual rate of growth in terms of value from Brazil totaled +13.6%. The remaining supplying countries recorded the following average annual rates of imports growth: Jamaica (-6.2% per year) and Australia (-19.0% per year).
Import Prices by Country
The average alumina import price stood at $465 per tonne in 2021, increasing by 17% against the previous year. Prices varied noticeably by country of origin; the country with the highest price was China ($945 per tonne), while the price for Brazil ($367 per tonne) was amongst the lowest. From 2011 to 2021, the most notable rate of growth in terms of prices was attained by Australia, while the prices for the other major suppliers experienced a decline.
Source: IndexBox Platform
This report provides an in-depth analysis of the global alumina market. 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 2025.
Making Data-Driven Decisions to Grow Your Business
A Quick Overview of Market Performance
Understanding the Current State of The Market and Its Prospects
Finding New Products to Diversify Your Business
Choosing the Best Countries to Establish Your Sustainable Supply Chain
Choosing the Best Countries to Boost Your Exports
The Latest Trends and Insights into The Industry
The Largest Importers on The Market and How They Succeed
The Largest Exporters on The Market and How They Succeed
The Largest Producers on The Market and Their Profiles
The Largest Markets And Their Profiles
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