
U.S. - Bauxite - Market Analysis, Forecast, Size, Trends And Insights
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US Bauxite Import Price Soared 11% to $53 in April 2022
U.S. Bauxite Import Prices by Country
In Apr 2022, the average bauxite import price amounted to $53 per tonne, surging by 11% against the previous month. In general, import price indicated significant growth from Jan 2021 to Apr 2022: its price increased at an average monthly rate of +56.4% over the last fifteen months. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on Apr 2022 figures, bauxite import price increased by +30.0% against Feb 2022 indices. The pace of growth was the most pronounced in Mar 2021 when the average import price increased by 48% month-to-month. Over the period under review, average import prices reached the maximum at $61 per tonne in Jan 2022; however, from Feb 2022 to Apr 2022, import prices remained at a lower figure.
Prices varied noticeably by the country of origin: the country with the highest price was Guyana ($254 per tonne), while the price for Jamaica ($26 per tonne) was amongst the lowest.
From Jan 2021 to Apr 2022, the most notable rate of growth in terms of prices was attained by Guyana (+165.2%), while the prices for the other major suppliers experienced more modest paces of growth.
Imports into the U.S.
In Apr 2022, bauxite imports into the United States fell rapidly to 270K tonnes, waning by -20% against the month before. Over the period under review, total imports indicated a significant increase from Jan 2021 to Apr 2022: its volume increased at an average monthly rate of +31.0% over the last fifteen months. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on Apr 2022 figures, imports decreased by -25.3% against Feb 2022 indices. The most prominent rate of growth was recorded in Feb 2021 when imports increased by 61% month-to-month. Over the period under review, imports attained the peak figure at 468K tonnes in May 2021; however, from Jun 2021 to Apr 2022, imports failed to regain momentum.
In value terms, bauxite imports reduced to $14M (IndexBox estimates) in Apr 2022. Overall, total imports indicated a significant increase from Jan 2021 to Apr 2022: its value increased at an average monthly rate of +31.0% over the last fifteen months. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on Apr 2022 figures, imports decreased by -26.0% against Dec 2021 indices. The pace of growth was the most pronounced in Feb 2021 with an increase of 84% m-o-m. Imports peaked at $20M in Aug 2021; however, from Sep 2021 to Apr 2022, imports remained at a lower figure.
Imports by Country
In Apr 2022, Jamaica (228K tonnes) constituted the largest supplier of bauxite to the United States, accounting for a 84% share of total imports. Moreover, bauxite imports from Jamaica exceeded the figures recorded by the second-largest supplier, Guyana (27K tonnes), eightfold. The third position in this ranking was occupied by the Dominican Republic (7.7K tonnes), with a 2.9% share.
From Jan 2021 to Apr 2022, the average monthly rate of growth in terms of volume from Jamaica totaled +24.8%. The remaining supplying countries recorded the following average monthly rates of imports growth: Guyana (+138.6% per month) and the Dominican Republic (0.0% per month).
In value terms, Guyana ($6.9M), Jamaica ($6M) and China ($820K) were the largest bauxite suppliers to the United States, together accounting for 96% of total imports.
Guyana, with a CAGR of +532.6%, saw the highest growth rate of the value of imports, among the main suppliers over the period under review, while purchases for the other leaders experienced more modest paces of growth.
Source: IndexBox Platform
This report provides an in-depth analysis of the bauxite market in the U.S.. 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.
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 Import Supplying Countries
The Largest Destinations for Exports
The Largest Producers on The Market and Their Profiles
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