Price for Aluminium Oxide (Including Artificial Corundum); Aluminium Hydroxide in Hong Kong SAR - 2023
Contents:
- Price for Aluminium Oxide (Including Artificial Corundum); Aluminium Hydroxide in Hong Kong SAR (FOB) - 2022
- Price for Aluminium Oxide (Including Artificial Corundum); Aluminium Hydroxide in Hong Kong SAR (CIF) - 2023
- Exports of Aluminium Oxide (Including Artificial Corundum); Aluminium Hydroxide in Hong Kong SAR
- Imports of Aluminium Oxide (Including Artificial Corundum); Aluminium Hydroxide in Hong Kong SAR
Price for Aluminium Oxide (Including Artificial Corundum); Aluminium Hydroxide in Hong Kong SAR (FOB) - 2022
The average export price for aluminium oxide (including artificial corundum); aluminium hydroxide stood at $4,721 per ton in 2022, picking up by 3.8% against the previous year. In general, the export price recorded slight growth. The most prominent rate of growth was recorded in 2014 an increase of 104%. Over the period under review, the average export prices hit record highs at $7,112 per ton in 2015; however, from 2016 to 2022, the export prices stood at a somewhat lower figure.
There were significant differences in the average prices for the major foreign markets. In 2022, amid the top suppliers, the country with the highest price was China ($4,751 per ton), while the average price for exports to Canada amounted to $1,884 per ton.
From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to China (+1.7%), while the prices for the other major destinations experienced a decline.
Price for Aluminium Oxide (Including Artificial Corundum); Aluminium Hydroxide in Hong Kong SAR (CIF) - 2023
In October 2023, the average import price for aluminium oxide (including artificial corundum); aluminium hydroxide amounted to $5,468 per ton, growing by 74% against the previous month. In general, the import price, however, continues to indicate a relatively flat trend pattern. The pace of growth was the most pronounced in December 2022 an increase of 205% m-o-m. As a result, import price attained the peak level of $7,401 per ton. From January 2023 to October 2023, the average import prices failed to regain momentum.
There were significant differences in the average prices amongst the major supplying countries. In October 2023, the country with the highest price was China ($14,389 per ton), while the price for Taiwan (Chinese) ($2,235 per ton) was amongst the lowest.
From October 2022 to October 2023, the most notable rate of growth in terms of prices was attained by China (+27.5%), while the prices for the other major suppliers experienced more modest paces of growth.
Exports of Aluminium Oxide (Including Artificial Corundum); Aluminium Hydroxide in Hong Kong SAR
In 2022, exports of aluminium oxide (including artificial corundum); aluminium hydroxide from Hong Kong SAR surged to 588 tons, jumping by 27% against the year before. In general, exports showed a relatively flat trend pattern.
In value terms, exports of aluminium oxide (including artificial corundum); aluminium hydroxide skyrocketed to $2.8M in 2022. The total export value increased at an average annual rate of +10.7% from 2019 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The growth pace was the most rapid in 2020 when exports increased by 35% against the previous year. Over the period under review, the exports of reached the peak figure in 2022 and are likely to continue growth in the near future.
| Export of Aluminium Oxide (Including Artificial Corundum); Aluminium Hydroxide in Hong Kong SAR (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| China | 1.9 | 2.7 | 2.1 | 2.7 | 12.4% |
| Oman | N/A | N/A | N/A | N/A | 0% |
| Canada | N/A | N/A | N/A | N/A | 0% |
| Others | 0.1 | 0.1 | N/A | 0.1 | 0.0% |
| Total | 2.0 | 2.8 | 2.1 | 2.8 | 11.9% |
Top Export Markets for Aluminium Oxide (Including Artificial Corundum); Aluminium Hydroxide from Hong Kong SAR in 2022:
- China (563.1 tons)
- Canada (21.0 tons)
Imports of Aluminium Oxide (Including Artificial Corundum); Aluminium Hydroxide in Hong Kong SAR
Imports of aluminium oxide (including artificial corundum); aluminium hydroxide into Hong Kong SAR shrank notably to 537 tons in 2022, which is down by -29.6% against the previous year. Overall, imports saw a abrupt downturn. The most prominent rate of growth was recorded in 2021 with an increase of 9.2%. As a result, imports attained the peak of 762 tons, and then contracted sharply in the following year.
In value terms, imports of aluminium oxide (including artificial corundum); aluminium hydroxide shrank sharply to $1.9M in 2022. Over the period under review, imports recorded a abrupt downturn. The growth pace was the most rapid in 2021 when imports increased by 19%. As a result, imports attained the peak of $3M, and then dropped dramatically in the following year.
| Import of Aluminium Oxide (Including Artificial Corundum); Aluminium Hydroxide in Hong Kong SAR (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Japan | 1,428 | 1,246 | 1,613 | 1,200 | -5.6% |
| United States | 379 | 549 | 752 | 254 | -12.5% |
| China | 323 | 252 | 262 | 145 | -23.4% |
| Switzerland | 292 | 270 | N/A | 63.0 | -40.0% |
| Germany | 18.1 | 64.9 | 84.1 | 62.9 | 51.5% |
| Taiwan (Chinese) | 21.5 | 19.3 | 94.6 | 58.8 | 39.8% |
| South Korea | 45.7 | 54.1 | 24.3 | 43.5 | -1.6% |
| Netherlands | N/A | N/A | 66.0 | N/A | 0% |
| Others | 66.9 | 32.8 | 55.5 | 33.7 | -20.4% |
| Total | 2,574 | 2,489 | 2,951 | 1,860 | -10.3% |
Top Suppliers of Aluminium Oxide (Including Artificial Corundum); Aluminium Hydroxide to Hong Kong SAR in 2022:
- Japan (225.8 tons)
- China (179.0 tons)
- Switzerland (67.1 tons)
- South Korea (15.3 tons)
- Germany (13.4 tons)
- Taiwan (Chinese) (13.3 tons)
- United States (12.0 tons)
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