China - Alumina - Market Analysis, Forecast, Size, Trends And Insights
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View PricingAlumina Price in China - 2023
Contents:
- Alumina Price in China (CIF) - 2023
- Alumina Price in China (FOB) - 2022
- Alumina Imports in China
- Alumina Exports in China
Alumina Price in China (CIF) - 2023
In June 2023, the average alumina import price amounted to $647 per ton, growing by 23% against the previous month. Over the period from June 2022 to June 2023, it increased at an average monthly rate of +1.1%. The most prominent rate of growth was recorded in March 2023 an increase of 37% month-to-month. Over the period under review, average import prices attained the peak figure in June 2023.
There were significant differences in the average prices amongst the major supplying countries. In June 2023, the country with the highest price was Germany ($2,796 per ton), while the price for Indonesia ($391 per ton) was amongst the lowest.
From June 2022 to June 2023, the most notable rate of growth in terms of prices was attained by Vietnam (+1.5%), while the prices for the other major suppliers experienced more modest paces of growth.
Alumina Price in China (FOB) - 2022
The average alumina export price stood at $1,592 per ton in 2022, jumping by 113% against the previous year. Over the period under review, the export price saw strong growth. As a result, the export price attained the peak level and is likely to continue growth in the immediate term.
There were significant differences in the average prices for the major external markets. In 2022, amid the top suppliers, the country with the highest price was the United States ($2,977 per ton), while the average price for exports to Bangladesh ($235 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Russia (+4.0%), while the prices for the other major destinations experienced more modest paces of growth.
Alumina Imports in China
In 2022, supplies from abroad of alumina decreased by -16.1% to 2.8M tons, falling for the second year in a row after two years of growth. In general, imports, however, enjoyed a resilient expansion. The most prominent rate of growth was recorded in 2020 with an increase of 131%. As a result, imports reached the peak of 3.8M tons. From 2021 to 2022, the growth of imports remained at a somewhat lower figure.
In value terms, alumina imports reduced notably to $983M in 2022. Over the period under review, total imports indicated strong growth from 2019 to 2022: its value increased at an average annual rate of +13.5% over the last three years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. The pace of growth appeared the most rapid in 2020 when imports increased by 82% against the previous year.
| Import of Alumina in China (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Australia | 352 | 733 | 781 | 471 | 10.2% |
| Indonesia | 49.5 | 59.0 | 63.1 | 185 | 55.2% |
| Vietnam | 50.7 | 153 | 166 | 78.4 | 15.6% |
| India | 41.4 | 30.6 | 26.3 | 27.7 | -12.5% |
| Kazakhstan | 57.2 | 83.0 | 79.4 | 14.3 | -37.0% |
| Others | 122 | 165 | 213 | 206 | 19.1% |
| Total | 673 | 1,224 | 1,329 | 983 | 13.5% |
Top Suppliers of Alumina to China in 2022:
- Australia (1588.9K tons)
- Indonesia (653.3K tons)
- Vietnam (291.9K tons)
- India (93.4K tons)
- Kazakhstan (52.1K tons)
Alumina Exports in China
Alumina exports from China skyrocketed to 357K tons in 2022, with an increase of 126% on 2021. In general, exports showed buoyant growth. As a result, the exports attained the peak and are likely to continue growth in the immediate term.
In value terms, alumina exports soared to $569M in 2022. Over the period under review, exports recorded significant growth. As a result, the exports reached the peak and are likely to continue growth in the immediate term.
| Export of Alumina in China (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Russia | 3.0 | 3.9 | 8.0 | 459 | 434.8% |
| South Korea | 18.6 | 27.1 | 24.6 | 20.5 | 3.3% |
| United States | 11.9 | 8.6 | 8.1 | 13.7 | 4.8% |
| Japan | 11.2 | 7.1 | 13.0 | 13.2 | 5.6% |
| Taiwan (Chinese) | 4.0 | 8.3 | 8.7 | 5.4 | 10.5% |
| Vietnam | 2.0 | 5.3 | 7.1 | 5.2 | 37.5% |
| India | 19.1 | 5.3 | 7.1 | 4.2 | -39.6% |
| Turkey | 1.6 | 2.6 | 2.6 | 3.4 | 28.6% |
| Iran | 2.0 | 5.8 | 2.2 | 2.8 | 11.9% |
| Malaysia | 19.4 | 2.8 | 3.2 | 2.8 | -47.5% |
| Bangladesh | 0.4 | 0.7 | 2.5 | 1.4 | 51.8% |
| Norway | 35.0 | N/A | N/A | N/A | 0% |
| United Arab Emirates | 29.7 | 1.8 | 2.2 | N/A | -72.8% |
| Others | 10.0 | 19.8 | 28.9 | 36.7 | 54.2% |
| Total | 168 | 99.0 | 118 | 569 | 50.2% |
Top Export Markets for Alumina from China in 2022:
- Russia (200.5K tons)
- South Korea (37.7K tons)
- Japan (27.5K tons)
- Turkey (7.7K tons)
- Iran (7.5K tons)
- India (6.9K tons)
- Vietnam (6.6K tons)
- Bangladesh (6.2K tons)
- United States (4.6K tons)
- Malaysia (4.3K tons)
- Taiwan (Chinese) (3.7K tons)
- Norway (0.1K tons)
This report provides an in-depth analysis of the alumina 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 24421200 - Aluminium oxide (excluding artificial corundum)
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
-
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
867
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Alumina experienced its most rapid growth in July 2023, with an impressive 195% increase compared to the previous month. In September 2023, the value of alumina imports significantly decreased to $85M.
388
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In September 2022, the artificial corundum price amounted to $1,208 per ton (FOB, China), waning by -20.2% against the previous month.
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In 2021, U.S. alumina imports rose by 12% to 1.3M tons or by 32% to $622M in value terms, while the domestic production declined.
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In 2016, the amount of alumina imported worldwide totaled X tons, approximately mirroring the previous year figure. In general, alumina imports continue to indicate a relatively flat trend pattern...
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In 2016, the amount of alumina imported worldwide totaled X tons, approximately mirroring the previous year figure. In general, alumina imports continue to indicate a relatively flat trend pattern...
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The global trade in alumina amounted to X million USD in 2015, showing mild fluctuations over the period under review. A significant drop in 2009 was followed by recovery over the next two years, until exports slightly declined again. Overall, the
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In value terms, aluminum structures imports amounted to $X in 2016. The total import value increased at an average annual rate of +X% over the period from 2007 to 2016; the trend pattern indicate...
