Asia-Pacific: Aluminium Hydroxide Market 2023

Aluminium Hydroxide Market Size in Asia-Pacific

The Asia-Pacific aluminium hydroxide market dropped significantly to $X in 2021, with a decrease of -15.3% against the previous year. Overall, consumption, however, enjoyed a prominent expansion. As a result, consumption attained the peak level of $X, and then shrank rapidly in the following year.

Aluminium Hydroxide Production in Asia-Pacific

In value terms, aluminium hydroxide production fell markedly to $X in 2021 estimated in export price. Overall, production, however, showed a prominent expansion. The most prominent rate of growth was recorded in 2020 with an increase of 195%. As a result, production attained the peak level of $X, and then reduced remarkably in the following year.

Aluminium Hydroxide Exports

Exports in Asia-Pacific

In 2021, aluminium hydroxide exports in Asia-Pacific reduced to X tons, declining by -5.5% compared with 2020 figures. Over the period under review, exports recorded a slight contraction. The most prominent rate of growth was recorded in 2018 when exports increased by 20%. As a result, the exports attained the peak of X tons. From 2019 to 2021, the growth of the exports remained at a somewhat lower figure.

In value terms, aluminium hydroxide exports shrank to $X in 2021. The total export value increased at an average annual rate of +1.5% over the period from 2012 to 2021; the trend pattern indicated some noticeable fluctuations being recorded in certain years. The most prominent rate of growth was recorded in 2018 when exports increased by 39% against the previous year. As a result, the exports reached the peak of $X. From 2019 to 2021, the growth of the exports failed to regain momentum.

Exports by Country

In 2021, Australia (X tons) represented the largest exporter of aluminium hydroxide, making up 46% of total exports. China (X tons) took a 29% share (based on physical terms) of total exports, which put it in second place, followed by Indonesia (6.3%), South Korea (5.8%) and India (5.6%). Vietnam (X tons) and Japan (X tons) held a little share of total exports.

From 2012 to 2021, the biggest increases were recorded for Indonesia (with a CAGR of +81.4%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, the largest aluminium hydroxide supplying countries in Asia-Pacific were China ($X), Australia ($X) and South Korea ($X), with a combined 78% share of total exports. These countries were followed by Japan, Vietnam, India and Indonesia, which together accounted for a further 22%.

Indonesia, with a CAGR of +72.0%, recorded the highest rates of growth with regard to the value of exports, in terms of the main exporting countries over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

The export price in Asia-Pacific stood at $X per ton in 2021, shrinking by -2.6% against the previous year. Over the last nine-year period, it increased at an average annual rate of +2.7%. The most prominent rate of growth was recorded in 2018 an increase of 15%. The level of export peaked at $X per ton in 2020, and then shrank in the following year.

Prices varied noticeably country of origin: the country with the highest price was Japan ($X per ton), while Australia ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Japan (+10.2%), while the other leaders experienced more modest paces of growth.

Aluminium Hydroxide Imports

Imports in Asia-Pacific

In 2021, overseas purchases of aluminium hydroxide increased by 1.9% to X tons for the first time since 2018, thus ending a two-year declining trend. The total import volume increased at an average annual rate of +2.0% over the period from 2012 to 2021; the trend pattern remained relatively stable, with somewhat noticeable fluctuations being observed in certain years. The most prominent rate of growth was recorded in 2014 with an increase of 20%. The volume of import peaked at X tons in 2018; however, from 2019 to 2021, imports remained at a lower figure.

In value terms, aluminium hydroxide imports skyrocketed to $X in 2021. The total import value increased at an average annual rate of +3.6% from 2012 to 2021; the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The growth pace was the most rapid in 2018 when imports increased by 27%. As a result, imports attained the peak of $X. From 2019 to 2021, the growth of imports remained at a lower figure.

Imports by Country

Japan was the main importing country with an import of around X tons, which reached 45% of total imports. South Korea (X tons) ranks second in terms of the total imports with a 25% share, followed by Thailand (7.9%) and Indonesia (4.7%). The following importers - Taiwan (Chinese) (X tons), China (X tons) and Malaysia (X tons) - each reached a 12% share of total imports.

From 2012 to 2021, the biggest increases were recorded for China (with a CAGR of +10.4%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, Japan ($X), South Korea ($X) and China ($X) constituted the countries with the highest levels of imports in 2021, with a combined 72% share of total imports.

China, with a CAGR of +11.6%, saw the highest rates of growth with regard to the value of imports, among the main importing countries over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

The import price in Asia-Pacific stood at $X per ton in 2021, jumping by 19% against the previous year. Over the period from 2012 to 2021, it increased at an average annual rate of +1.6%. As a result, import price reached the peak level and is likely to continue growth in the immediate term.

Prices varied noticeably country of destination: the country with the highest price was China ($X per ton), while Japan ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Malaysia (+2.0%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Market Intelligence Platform

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