Australia and Oceania: Aluminium Hydroxide Market 2023

Aluminium Hydroxide Market Size in Australia and Oceania

The aluminium hydroxide market in Australia and Oceania skyrocketed to $X in 2021, growing by 21% against the previous year. The market value increased at an average annual rate of +4.1% over the period from 2012 to 2021; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The level of consumption peaked in 2021 and is likely to see gradual growth in the immediate term.

Aluminium Hydroxide Production in Australia and Oceania

In value terms, aluminium hydroxide production expanded notably to $X in 2021 estimated in export price. Over the period under review, production, however, showed a relatively flat trend pattern. The growth pace was the most rapid in 2018 when the production volume increased by 36% against the previous year. As a result, production attained the peak level of $X. From 2019 to 2021, production growth failed to regain momentum.

Aluminium Hydroxide Exports

Exports in Australia and Oceania

In 2021, overseas shipments of aluminium hydroxide decreased by -11.1% to X tons, falling for the third consecutive year after three years of growth. Overall, exports saw a pronounced decline. The most prominent rate of growth was recorded in 2018 with an increase of 24%. 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 fell to $X in 2021. Over the period under review, exports showed a abrupt contraction. The pace of growth appeared the most rapid in 2018 with an increase of 57%. As a result, the exports attained the peak of $X. From 2019 to 2021, the growth of the exports failed to regain momentum.

Exports by Country

The shipments of the one major exporters of aluminium hydroxide, namely Australia, represented more than two-thirds of total export.

Australia was also the fastest-growing in terms of the aluminium hydroxide exports, with a CAGR of -4.5% from 2012 to 2021. The shares of the largest exporters remained relatively stable throughout the analyzed period.

In value terms, Australia ($X) also remains the largest aluminium hydroxide supplier in Australia and Oceania.

In Australia, aluminium hydroxide exports contracted by an average annual rate of -5.7% over the period from 2012-2021.

Export Prices by Country

In 2021, the export price in Australia and Oceania amounted to $X per ton, with an increase of 2.9% against the previous year. Overall, the export price, however, saw a slight reduction. The pace of growth appeared the most rapid in 2018 an increase of 27%. As a result, the export price reached the peak level of $X per ton. From 2019 to 2021, the export prices failed to regain momentum.

As there is only one major export destination, the average price level is determined by prices for Australia.

From 2012 to 2021, the rate of growth in terms of prices for Australia amounted to -1.2% per year.

Aluminium Hydroxide Imports

Imports in Australia and Oceania

Aluminium hydroxide imports was estimated at X tons in 2021, surging by 7.1% on 2020. The total import volume increased at an average annual rate of +4.4% over the period from 2012 to 2021; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The pace of growth was the most pronounced in 2020 with an increase of 17%. Over the period under review, imports attained the maximum at X tons in 2018; however, from 2019 to 2021, imports stood at a somewhat lower figure.

In value terms, aluminium hydroxide imports rose notably to $X in 2021. Total imports indicated strong growth from 2012 to 2021: its value increased at an average annual rate of +5.3% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, imports increased by +8.9% against 2018 indices. The pace of growth was the most pronounced in 2017 with an increase of 31%. Over the period under review, imports reached the maximum in 2021 and are likely to see gradual growth in the near future.

Imports by Country

New Zealand was the major importer of aluminium hydroxide in Australia and Oceania, with the volume of imports recording X tons, which was near 63% of total imports in 2021. It was distantly followed by Australia (X tons), mixing up a 36% share of total imports.

From 2012 to 2021, the most notable rate of growth in terms of purchases, amongst the leading importing countries, was attained by Australia (with a CAGR of +10.9%).

In value terms, the largest aluminium hydroxide importing markets in Australia and Oceania were Australia ($X) and New Zealand ($X).

Australia, with a CAGR of +9.2%, saw the highest growth rate of the value of imports, among the main importing countries over the period under review.

Import Prices by Country

The import price in Australia and Oceania stood at $X per ton in 2021, picking up by 6.7% against the previous year. Over the period under review, the import price continues to indicate a relatively flat trend pattern. The growth pace was the most rapid in 2019 when the import price increased by 20%. As a result, import price attained the peak level of $X per ton. From 2020 to 2021, the import prices remained at a lower figure.

Prices varied noticeably country of destination: the country with the highest price was Australia ($X per ton), while New Zealand totaled $X per ton.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by New Zealand (-0.0%).

Source: IndexBox Market Intelligence Platform

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