Price for Aluminium Oxide (Including Artificial Corundum); Aluminium Hydroxide in Malaysia - 2024
Contents:
- Price for Aluminium Oxide (Including Artificial Corundum); Aluminium Hydroxide in Malaysia (CIF) - 2022
- Price for Aluminium Oxide (Including Artificial Corundum); Aluminium Hydroxide in Malaysia (FOB) - 2024
- Imports of Aluminium Oxide (Including Artificial Corundum); Aluminium Hydroxide in Malaysia
- Exports of Aluminium Oxide (Including Artificial Corundum); Aluminium Hydroxide in Malaysia
Price for Aluminium Oxide (Including Artificial Corundum); Aluminium Hydroxide in Malaysia (CIF) - 2022
The average import price for aluminium oxide (including artificial corundum); aluminium hydroxide stood at $422 per ton in 2022, with an increase of 7.7% against the previous year. In general, the import price saw a relatively flat trend pattern. The pace of growth appeared the most rapid in 2013 an increase of 48% against the previous year. As a result, import price attained the peak level of $578 per ton. From 2014 to 2022, the average import prices remained at a lower figure.
Average prices varied somewhat amongst the major supplying countries. In 2022, amid the top importers, the countries with the highest prices were China ($590 per ton) and India ($445 per ton), while the price for Australia ($395 per ton) and Vietnam ($425 per ton) were amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by India (+3.6%), while the prices for the other major suppliers experienced more modest paces of growth.
Price for Aluminium Oxide (Including Artificial Corundum); Aluminium Hydroxide in Malaysia (FOB) - 2024
In January 2024, the average export price for aluminium oxide (including artificial corundum); aluminium hydroxide amounted to $842 per ton, remaining constant against the previous month. In general, the export price enjoyed a resilient expansion. The most prominent rate of growth was recorded in June 2023 when the average export price increased by 168% against the previous month. As a result, the export price reached the peak level of $1,347 per ton. From July 2023 to January 2024, the the average export prices remained at a lower figure.
Prices varied noticeably by the country of destination: the country with the highest price was Singapore ($1,184 per ton), while the average price for exports to China ($517 per ton) was amongst the lowest.
From January 2023 to January 2024, the most notable rate of growth in terms of prices was recorded for supplies to Indonesia (+31.9%), while the prices for the other major destinations experienced more modest paces of growth.
Imports of Aluminium Oxide (Including Artificial Corundum); Aluminium Hydroxide in Malaysia
For the fourth consecutive year, Malaysia recorded growth in overseas purchases of aluminium oxide (including artificial corundum); aluminium hydroxide, which increased by 14% to 2.1M tons in 2022. The total import volume increased at an average annual rate of +10.6% over the period from 2019 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The most prominent rate of growth was recorded in 2021 when imports increased by 17%. Over the period under review, imports of attained the maximum in 2022 and are expected to retain growth in the immediate term.
In value terms, imports of aluminium oxide (including artificial corundum); aluminium hydroxide soared to $890M in 2022. In general, total imports indicated a remarkable increase from 2019 to 2022: its value increased at an average annual rate of +14.8% 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 +87.8% against 2020 indices. The pace of growth was the most pronounced in 2021 with an increase of 53%. Over the period under review, imports of attained the maximum in 2022 and are likely to continue growth in years to come.
| Import of Aluminium Oxide (Including Artificial Corundum); Aluminium Hydroxide in Malaysia (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Indonesia | 174 | 91.1 | 246 | 459 | 38.2% |
| Australia | 194 | 286 | 404 | 358 | 22.7% |
| India | 103 | 30.0 | 33.9 | 32.0 | -32.3% |
| China | 31.9 | 10.7 | 19.2 | 14.9 | -22.4% |
| Vietnam | 63.8 | 44.2 | N/A | 11.2 | -44.0% |
| Others | 21.0 | 12.0 | 19.3 | 15.5 | -9.6% |
| Total | 588 | 474 | 723 | 890 | 14.8% |
Top Suppliers of Aluminium Oxide (Including Artificial Corundum); Aluminium Hydroxide to Malaysia in 2022:
- Indonesia (1070.1K tons)
- Australia (906.0K tons)
- India (72.0K tons)
- Vietnam (26.3K tons)
- China (25.3K tons)
Exports of Aluminium Oxide (Including Artificial Corundum); Aluminium Hydroxide in Malaysia
In 2022, approx. 1.9K tons of aluminium oxide (including artificial corundum); aluminium hydroxide were exported from Malaysia; with a decrease of -19.7% on the previous year's figure. In general, exports continue to indicate a significant decrease. The smallest decline of -4.6% was in 2021.
In value terms, exports of aluminium oxide (including artificial corundum); aluminium hydroxide dropped sharply to $1.2M in 2022. Overall, total exports indicated a prominent increase from 2019 to 2022: its value increased at an average annual rate of +5.8% over the last three-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, exports increased by +20.0% against 2020 indices. The most prominent rate of growth was recorded in 2021 with an increase of 55%. As a result, the exports reached the peak of $1.5M, and then shrank remarkably in the following year.
| Export of Aluminium Oxide (Including Artificial Corundum); Aluminium Hydroxide in Malaysia (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Japan | N/A | 24.6 | 6.4 | 269 | 230.7% |
| China | 527 | 356 | 325 | 257 | -21.3% |
| Singapore | 128 | 274 | 256 | 243 | 23.8% |
| Thailand | 182 | 200 | 209 | 190 | 1.4% |
| India | 32.2 | 9.0 | 19.7 | 107 | 49.2% |
| United Arab Emirates | N/A | N/A | 409 | 27.2 | -93.3% |
| Brunei Darussalam | 1.8 | 1.5 | 85.8 | 19.2 | 120.1% |
| Others | 103 | 95.9 | 182 | 41.2 | -26.3% |
| Total | 973 | 961 | 1,493 | 1,154 | 5.9% |
Top Export Markets for Aluminium Oxide (Including Artificial Corundum); Aluminium Hydroxide from Malaysia in 2022:
- China (873.0 tons)
- Thailand (489.4 tons)
- Singapore (233.0 tons)
- Japan (160.0 tons)
- India (54.1 tons)
- Brunei Darussalam (48.7 tons)
- United Arab Emirates (20.3 tons)
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