Aluminum Ore Market - Malaysia Emerged As Major Aluminum Ores Supplier
Uranium And Thorium Ores October 20, 2016
Photo: © krupnyiplan / Bigstockphoto
The global aluminum ore and concentrate trade amounted to 3,077 million USD in 2015, exhibiting noticeable fluctuations over the period under review. A significant drop in 2009 was followed by volatile recovery over the next four years, until exports decreased again. Overall, there was an annual increase of 5.5% from 2007 to 2015.
Australia was the global leader in the supplies of aluminum ores and concentrates. In 2015, Australia's aluminum ore and concentrate exports totaled 778.1 million USD, which accounted for a 25% share of global exports. Malaysia, Guinea, Brazil, and India were the other key global suppliers of aluminum ores and concentrates in 2015, with a 59% combined share of global exports.
Malaysia (+100.4% per year) and Australia (+21.4% per year) were the fastest growing exporters on the global aluminum ore market from 2007 to 2015. Malaysia significantly strengthened its position in the global export structure, growing its share from 0.14% in 2007 to 23% in 2015.
On the other hand, China (59%, based on value terms), USA (9%), Ireland (5%), Spain (4%), and Ukraine (4%) were the leading destinations of aluminum ore and concentrate imports in 2015. Imports to China grew at a rapid pace of +14.1% per year from 2007 to 2015. By contrast, the USA slightly contracted its imports of aluminum ores and concentrates over the same period. China's share of global imports increased by 29 percentage points, while the share of the USA illustrated negative dynamics (-6 percentage points).
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Source: World: Aluminum Ores And Concentrates - Market Report. Analysis And Forecast To 2020
