
Chile - Alumina - Market Analysis, Forecast, Size, Trends And Insights
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Chile: Alumina Market Overview 2021
Alumina Market Size in Chile
The Chilean alumina market declined significantly to $X in 2019, shrinking by -X% against the previous year. This figure reflects the total revenues of producers and importers (excluding logistics costs, retail marketing costs, and retailers' margins, which will be included in the final consumer price). In general, consumption saw a deep reduction. The growth pace was the most rapid in 2011 when the market value increased by X% year-to-year. Alumina consumption peaked at $X in 2008; however, from 2009 to 2019, consumption remained at a lower figure.
Alumina Exports
Exports from Chile
In 2019, shipments abroad of alumina increased by X% to X tonnes, rising for the fourth year in a row after five years of decline. Over the period under review, exports posted significant growth. The pace of growth appeared the most rapid in 2017 when exports increased by X% year-to-year. Over the period under review, exports attained the maximum in 2019 and are likely to see gradual growth in the near future.
In value terms, alumina exports skyrocketed to $X in 2019. In general, exports continue to indicate a significant increase. The most prominent rate of growth was recorded in 2017 with an increase of X% against the previous year. Exports peaked in 2019 and are likely to see gradual growth in years to come.
Exports by Country
Brazil (X tonnes) was the main destination for alumina exports from Chile, accounting for a X% share of total exports. Moreover, alumina exports to Brazil exceeded the volume sent to the second major destination, Argentina (X tonnes), fourfold.
From 2007 to 2019, the average annual growth rate of volume to Brazil was relatively modest. Exports to the other major destinations recorded the following average annual rates of exports growth: Argentina (+X% per year) and Mexico (+X% per year).
In value terms, Brazil ($X), Argentina ($X) and Mexico ($X) constituted the largest markets for alumina exported from Chile worldwide, together accounting for X% of total exports.
Argentina recorded the highest rates of growth with regard to the value of exports, in terms of the main countries of destination over the period under review, while shipments for the other leaders experienced more modest paces of growth.
Export Prices by Country
In 2019, the average alumina export price amounted to $X per tonne, therefore, remained relatively stable against the previous year. Over the period from 2007 to 2019, it increased at an average annual rate of +X%. The most prominent rate of growth was recorded in 2017 an increase of X% against the previous year. Over the period under review, average export prices reached the maximum at $X per tonne in 2014; afterwards, it flattened through to 2019.
Prices varied noticeably by the country of destination; the country with the highest price was Argentina ($X per tonne), while the average price for exports to Brazil ($X per tonne) was amongst the lowest.
From 2007 to 2019, the most notable rate of growth in terms of prices was recorded for supplies to Argentina, while the prices for the other major destinations experienced mixed trend patterns.
Alumina Imports
Imports into Chile
In 2019, overseas purchases of alumina decreased by -X% to X tonnes for the first time since 2016, thus ending a two-year rising trend. Over the period under review, imports showed a drastic downturn. The most prominent rate of growth was recorded in 2011 with an increase of X% y-o-y. Imports peaked at X tonnes in 2008; however, from 2009 to 2019, imports remained at a lower figure.
In value terms, alumina imports reduced rapidly to $X in 2019. In general, imports showed a pronounced curtailment. The most prominent rate of growth was recorded in 2011 when imports increased by X% against the previous year. Imports peaked at $X in 2008; however, from 2009 to 2019, imports remained at a lower figure.
Imports by Country
The Netherlands (X tonnes), China (X tonnes) and Brazil (X tonnes) were the main suppliers of alumina imports to Chile, with a combined X% share of total imports. These countries were followed by the U.S., Germany, France and India, which together accounted for a further X 2007 to 2019, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by Germany, while imports for the other leaders experienced more modest paces of growth.
In value terms, the U.S. ($X), China ($X) and the Netherlands ($X) were the largest alumina suppliers to Chile, with a combined X% share of total imports.
Among the main suppliers, China recorded the highest rates of growth with regard to the value of imports, over the period under review, while purchases for the other leaders experienced more modest paces of growth.
Import Prices by Country
In 2019, the average alumina import price amounted to $X per tonne, jumping by X% against the previous year. Over the period from 2007 to 2019, it increased at an average annual rate of +X%. The most prominent rate of growth was recorded in 2009 an increase of X% y-o-y. The import price peaked in 2019 and is expected to retain growth in the near future.
Prices varied noticeably by the country of origin; the country with the highest price was the U.S. ($X per tonne), while the price for Brazil ($X per tonne) was amongst the lowest.
From 2007 to 2019, the most notable rate of growth in terms of prices was attained by the U.S., while the prices for the other major suppliers experienced more modest paces of growth.
Source: IndexBox AI Platform
Frequently Asked Questions (FAQ) :
What are the largest markets for alumina in the world?+
China (83M tonnes) remains the largest alumina consuming country worldwide, comprising approx. 64% of total volume. Moreover, alumina consumption in China exceeded the figures recorded by the second-largest consumer, India (6.8M tonnes), more than tenfold. The third position in this ranking was occupied by Canada (5.5M tonnes), with a 4.2% share.
What are the largest producers of alumina in the world?+
China (81M tonnes) remains the largest alumina producing country worldwide, accounting for 58% of total volume. Moreover, alumina production in China exceeded the figures recorded by the second-largest producer, Australia (19M tonnes), fourfold. Brazil (8M tonnes) ranked third in terms of total production with a 5.7% share.
What are the leading suppliers of alumina to Chile?+
In value terms, the largest alumina suppliers to Chile were the U.S. ($279K), China ($143K) and the Netherlands ($130K), together comprising 72% of total imports.
What are the leading importers of alumina from Chile?+
In value terms, the largest markets for alumina exported from Chile were Brazil ($55K), Argentina ($30K) and Mexico ($8.1K), together accounting for 96% of total exports.
What is the average export price for alumina in Chile?+
The average alumina export price stood at $1,066 per tonne in 2019, remaining stable against the previous year.
What is the average import price for alumina in Chile?+
In 2019, the average alumina import price amounted to $1,596 per tonne, growing by 15% against the previous year.
This report provides an in-depth analysis of the alumina market in Chile. Within it, you will discover the latest data on market trends and opportunities by country, consumption, production and price developments, as well as the global trade (imports and exports). The forecast exhibits the market prospects through 2025.
Making Data-Driven Decisions to Grow Your Business
A Quick Overview of Market Performance
Understanding the Current State of The Market and Its Prospects
Finding New Products to Diversify Your Business
Choosing the Best Countries to Establish Your Sustainable Supply Chain
Choosing the Best Countries to Boost Your Exports
The Latest Trends and Insights into The Industry
The Largest Import Supplying Countries
The Largest Destinations for Exports
The Largest Producers on The Market and Their Profiles
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