Africa: Alumina Market 2024

Alumina Market Size in Africa

The African alumina market dropped rapidly to $X in 2022, declining by X% against the previous year. Over the period under review, consumption, however, saw a mild expansion. The level of consumption peaked at $X in 2021, and then fell significantly in the following year.

Alumina Production in Africa

In value terms, alumina production rose modestly to $X in 2022 estimated in export price. In general, production recorded buoyant growth. The pace of growth appeared the most rapid in 2019 with an increase of X%. Over the period under review, production attained the peak level at $X in 2020; however, from 2021 to 2022, production remained at a lower figure.

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Alumina Exports

Exports in Africa

In 2022, after three years of growth, there was decline in overseas shipments of alumina, when their volume decreased by X% to X tons. Over the period under review, exports, however, showed buoyant growth. The pace of growth appeared the most rapid in 2019 with an increase of X% against the previous year. Over the period under review, the exports hit record highs at X tons in 2021, and then reduced modestly in the following year.

In value terms, alumina exports dropped to $X in 2022. Overall, exports, however, enjoyed buoyant growth. The pace of growth appeared the most rapid in 2019 when exports increased by X%. The level of export peaked at $X in 2021, and then declined in the following year.

Exports by Country

Guinea represented the major exporting country with an export of about X tons, which resulted at X% of total exports. It was distantly followed by Cameroon (X tons), mixing up an X% share of total exports.

Guinea was also the fastest-growing in terms of the alumina exports, with a CAGR of X% from 2012 to 2022. Cameroon (X%) illustrated a downward trend over the same period. Guinea (X p.p.) significantly strengthened its position in terms of the total exports, while Cameroon saw its share reduced by X% from 2012 to 2022, respectively.

In value terms, Guinea ($X) remains the largest alumina supplier in Africa, comprising X% of total exports. The second position in the ranking was held by Cameroon ($X), with a X% share of total exports.

From 2012 to 2022, the average annual rate of growth in terms of value in Guinea totaled X%.

Export Prices by Country

In 2022, the export price in Africa amounted to $X per ton, reducing by X% against the previous year. Over the last decade, it increased at an average annual rate of X%. The most prominent rate of growth was recorded in 2013 when the export price increased by X% against the previous year. Over the period under review, the export prices reached the peak figure at $X per ton in 2018; however, from 2019 to 2022, the export prices stood at a somewhat lower figure.

Average prices varied noticeably amongst the major exporting countries. In 2022, amid the top suppliers, the country with the highest price was Guinea ($X per ton), while Cameroon totaled $X per ton.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Cameroon (X%).

Alumina Imports

Imports in Africa

Alumina imports shrank remarkably to X tons in 2022, reducing by X% against 2021. Over the period under review, imports saw a relatively flat trend pattern. The most prominent rate of growth was recorded in 2021 with an increase of X% against the previous year. As a result, imports attained the peak of X tons, and then shrank remarkably in the following year.

In value terms, alumina imports shrank to $X in 2022. Total imports indicated a notable expansion from 2012 to 2022: its value increased at an average annual rate of X% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by X% against 2020 indices. The pace of growth was the most pronounced in 2017 when imports increased by X% against the previous year. Over the period under review, imports reached the peak figure at $X in 2018; however, from 2019 to 2022, imports failed to regain momentum.

Imports by Country

South Africa dominates imports structure, finishing at X tons, which was approx. X% of total imports in 2022. Cameroon (X tons) held a X% share (based on physical terms) of total imports, which put it in second place, followed by Ghana (X%). Egypt (X tons) followed a long way behind the leaders.

South Africa experienced a relatively flat trend pattern with regard to volume of imports of alumina. At the same time, Egypt (X%) and Ghana (X%) displayed positive paces of growth. Moreover, Egypt emerged as the fastest-growing importer imported in Africa, with a CAGR of X% from 2012-2022. By contrast, Cameroon (X%) illustrated a downward trend over the same period. While the share of Ghana (X p.p.) and Egypt (X p.p.) increased significantly, the shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, South Africa ($X) constitutes the largest market for imported alumina in Africa, comprising X% of total imports. The second position in the ranking was taken by Egypt ($X), with a X% share of total imports. It was followed by Cameroon, with a X% share.

In South Africa, alumina imports increased at an average annual rate of X% over the period from 2012-2022. The remaining importing countries recorded the following average annual rates of imports growth: Egypt (X% per year) and Cameroon (X% per year).

Import Prices by Country

The import price in Africa stood at $X per ton in 2022, surging by X% against the previous year. Import price indicated a temperate increase from 2012 to 2022: its price increased at an average annual rate of X% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, alumina import price increased by X% against 2020 indices. The growth pace was the most rapid in 2017 when the import price increased by X%. The level of import peaked at $X per ton in 2018; however, from 2019 to 2022, import prices remained at a lower figure.

There were significant differences in the average prices amongst the major importing countries. In 2022, amid the top importers, the country with the highest price was Egypt ($X per ton), while Ghana ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by South Africa (X%), while the other leaders experienced mixed trends in the import price figures.

Source: IndexBox Platform

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