Price for Aluminium Oxide (Including Artificial Corundum); Aluminium Hydroxide in Australia - 2023
Contents:
- Price for Aluminium Oxide (Including Artificial Corundum); Aluminium Hydroxide in Australia (FOB) - 2023
- Price for Aluminium Oxide (Including Artificial Corundum); Aluminium Hydroxide in Australia (CIF) - 2022
- Exports of Aluminium Oxide (Including Artificial Corundum); Aluminium Hydroxide in Australia
- Imports of Aluminium Oxide (Including Artificial Corundum); Aluminium Hydroxide in Australia
Price for Aluminium Oxide (Including Artificial Corundum); Aluminium Hydroxide in Australia (FOB) - 2023
The average export price for aluminium oxide (including artificial corundum); aluminium hydroxide stood at $330 per ton in December 2023, remaining relatively unchanged against the previous month. Over the period under review, the export price, however, recorded a relatively flat trend pattern. The pace of growth was the most pronounced in February 2023 when the average export price increased by 7.4% month-to-month. The export price peaked at $363 per ton in March 2023; however, from April 2023 to December 2023, the export prices remained at a lower figure.
Average prices varied noticeably for the major export markets. In December 2023, the highest price was recorded for prices to Oman ($342 per ton) and Mozambique ($337 per ton), while the average price for exports to New Zealand ($322 per ton) and Egypt ($324 per ton) were amongst the lowest.
From December 2022 to December 2023, the most notable rate of growth in terms of prices was recorded for supplies to Mozambique (+0.6%), while the prices for the other major destinations experienced more modest paces of growth.
Price for Aluminium Oxide (Including Artificial Corundum); Aluminium Hydroxide in Australia (CIF) - 2022
The average import price for aluminium oxide (including artificial corundum); aluminium hydroxide stood at $1,145 per ton in 2022, growing by 11% against the previous year. Overall, the import price continues to indicate a relatively flat trend pattern. The growth pace was the most rapid in 2018 an increase of 23% against the previous year. As a result, import price reached the peak level of $1,225 per ton. From 2019 to 2022, the average import prices remained at a somewhat lower figure.
Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was the United States ($3,376 per ton), while the price for Italy ($760 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Japan (+4.1%), while the prices for the other major suppliers experienced more modest paces of growth.
Exports of Aluminium Oxide (Including Artificial Corundum); Aluminium Hydroxide in Australia
Exports of aluminium oxide (including artificial corundum); aluminium hydroxide from Australia reduced to 17M tons in 2022, declining by -6.7% on the previous year's figure. Overall, exports continue to indicate a slight contraction. The most prominent rate of growth was recorded in 2021 with an increase of 72% against the previous year. As a result, the exports attained the peak of 18M tons, and then dropped in the following year.
In value terms, exports of aluminium oxide (including artificial corundum); aluminium hydroxide expanded significantly to $6.2B in 2022. In general, exports, however, recorded a modest increase. The growth pace was the most rapid in 2021 when exports increased by 104% against the previous year. Over the period under review, the exports of reached the peak figure in 2022 and are likely to see steady growth in years to come.
| Export of Aluminium Oxide (Including Artificial Corundum); Aluminium Hydroxide in Australia (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Bahrain | N/A | N/A | 112 | 1,042 | 830.4% |
| United Arab Emirates | 1,366 | 461 | 574 | 801 | -16.3% |
| South Africa | 372 | 167 | 37.1 | 485 | 9.2% |
| Qatar | 9.0 | N/A | 32.6 | 472 | 274.3% |
| Mozambique | 254 | 143 | 37.9 | 463 | 22.2% |
| China | 2.2 | N/A | 45.5 | 361 | 447.5% |
| India | N/A | N/A | 27.1 | 311 | 1047.6% |
| Malaysia | 4.9 | 5.5 | 11.4 | 293 | 291.0% |
| Canada | N/A | N/A | N/A | 278 | 0% |
| Oman | 150 | 142 | 207 | 269 | 21.5% |
| Iceland | N/A | N/A | N/A | 256 | 0% |
| New Zealand | 164 | 78.7 | 18.0 | 236 | 12.9% |
| Argentina | N/A | N/A | 21.5 | 164 | 662.8% |
| Others | 3,577 | 1,866 | 4,715 | 764 | -40.2% |
| Total | 5,901 | 2,863 | 5,839 | 6,195 | 1.6% |
Top Export Markets for Aluminium Oxide (Including Artificial Corundum); Aluminium Hydroxide from Australia in 2022:
- Bahrain (2.9M tons)
- United Arab Emirates (2.2M tons)
- South Africa (1.4M tons)
- Qatar (1.3M tons)
- Mozambique (1.2M tons)
- China (1.0M tons)
- India (0.9M tons)
- Canada (0.8M tons)
- Oman (0.8M tons)
- Malaysia (0.8M tons)
- Iceland (0.7M tons)
- New Zealand (0.7M tons)
- Argentina (0.5M tons)
Imports of Aluminium Oxide (Including Artificial Corundum); Aluminium Hydroxide in Australia
In 2022, the amount of aluminium oxide (including artificial corundum); aluminium hydroxide imported into Australia skyrocketed to 20K tons, growing by 27% on the year before. The total import volume increased at an average annual rate of +6.4% from 2019 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. As a result, imports attained the peak and are likely to continue growth in the immediate term.
In value terms, imports of aluminium oxide (including artificial corundum); aluminium hydroxide soared to $23M in 2022. In general, total imports indicated a prominent expansion from 2019 to 2022: its value increased at an average annual rate of +6.5% over the last three-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +62.0% against 2020 indices. As a result, imports attained the peak and are likely to continue growth in the immediate term.
| Import of Aluminium Oxide (Including Artificial Corundum); Aluminium Hydroxide in Australia (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| China | 8.6 | 7.9 | 10.5 | 13.8 | 17.1% |
| India | 0.7 | 0.4 | 0.5 | 2.2 | 46.5% |
| Germany | 2.4 | 2.1 | 2.0 | 1.9 | -7.5% |
| Italy | 1.6 | 0.3 | 0.3 | 1.2 | -9.1% |
| United States | 2.5 | 1.2 | 0.8 | 1.0 | -26.3% |
| Spain | 0.3 | 0.3 | 0.3 | 0.7 | 32.6% |
| Netherlands | 0.1 | 0.4 | 0.3 | 0.6 | 81.7% |
| France | 1.3 | 0.7 | 0.8 | 0.5 | -27.3% |
| Others | 1.5 | 0.9 | 1.1 | 1.3 | -4.7% |
| Total | 19.1 | 14.3 | 16.4 | 23.2 | 6.7% |
Top Suppliers of Aluminium Oxide (Including Artificial Corundum); Aluminium Hydroxide to Australia in 2022:
- China (12.4K tons)
- India (2.7K tons)
- Italy (1.5K tons)
- Germany (1.1K tons)
- Netherlands (0.5K tons)
- France (0.4K tons)
- Spain (0.4K tons)
- United States (0.3K tons)
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