Price for Aluminium Oxide (Including Artificial Corundum); Aluminium Hydroxide in Azerbaijan - 2023
Contents:
- Price for Aluminium Oxide (Including Artificial Corundum); Aluminium Hydroxide in Azerbaijan (CIF) - 2022
- Imports of Aluminium Oxide (Including Artificial Corundum); Aluminium Hydroxide in Azerbaijan
Price for Aluminium Oxide (Including Artificial Corundum); Aluminium Hydroxide in Azerbaijan (CIF) - 2022
In 2022, the average import price for aluminium oxide (including artificial corundum); aluminium hydroxide amounted to $590 per ton, growing by 19% against the previous year. Over the last decade, it increased at an average annual rate of +3.0%. The growth pace was the most rapid in 2021 when the average import price increased by 29%. The import price peaked in 2022 and is expected to retain growth in years to come.
Average prices varied somewhat amongst the major supplying countries. In 2022, amid the top importers, the highest price was recorded for prices from India ($650 per ton) and Australia ($615 per ton), while the price for Greece ($481 per ton) and Turkey ($545 per ton) were amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Turkey (+5.6%), while the prices for the other major suppliers experienced more modest paces of growth.
Imports of Aluminium Oxide (Including Artificial Corundum); Aluminium Hydroxide in Azerbaijan
Imports of aluminium oxide (including artificial corundum); aluminium hydroxide into Azerbaijan shrank remarkably to 91K tons in 2022, waning by -20.1% compared with the previous year's figure. Over the period under review, imports continue to indicate a dramatic decline. The most prominent rate of growth was recorded in 2021 when imports increased by 33%.
In value terms, imports of aluminium oxide (including artificial corundum); aluminium hydroxide shrank slightly to $53M in 2022. In general, imports saw a precipitous decline. The pace of growth was the most pronounced in 2021 when imports increased by 71%.
| Import of Aluminium Oxide (Including Artificial Corundum); Aluminium Hydroxide in Azerbaijan (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| India | N/A | N/A | N/A | 20.3 | 0% |
| Australia | N/A | N/A | N/A | 19.3 | 0% |
| Greece | N/A | N/A | 2.9 | 12.7 | 337.9% |
| Turkey | N/A | N/A | 0.3 | 0.8 | 166.7% |
| Venezuela | 18.5 | N/A | N/A | N/A | 0% |
| Jamaica | 63.1 | 32.7 | 37.4 | N/A | -23.0% |
| Brazil | 15.7 | N/A | 15.3 | N/A | -1.3% |
| Others | 9.1 | 0.1 | 0.3 | 0.3 | -67.9% |
| Total | 106 | 32.8 | 56.0 | 53.4 | -20.4% |
Top Suppliers of Aluminium Oxide (Including Artificial Corundum); Aluminium Hydroxide to Azerbaijan in 2022:
- Australia (31.3K tons)
- India (31.2K tons)
- Greece (26.5K tons)
- Turkey (1.4K tons)
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