Chile: Alumina Market Overview 2021

Alumina Market Size in Chile

The Chilean alumina market fell notably to $X in 2020, 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). Overall, consumption continues to indicate a abrupt descent. The growth pace was the most rapid in 2011 when the market value increased by X% against the previous year. Over the period under review, the market hit record highs at $X in 2008; however, from 2009 to 2020, consumption failed to regain the momentum.

Alumina Exports

Exports from Chile

In 2020, after six years of growth, there was decline in overseas shipments of alumina, when their volume decreased by -X% to X tonnes. Overall, exports, however, showed resilient growth. The pace of growth was the most pronounced in 2009 when exports increased by X% year-to-year. As a result, exports reached the peak of X tonnes. from 2010 to 2020, the growth exports remained at a somewhat lower figure.

In value terms, alumina exports skyrocketed to $X in 2020. Over the period under review, exports, however, saw a significant expansion. The growth pace was the most rapid in 2009 when exports increased by X% against the previous year. Over the period under review, exports attained the maximum in 2020 and are likely to see steady growth in years to come.

Exports by Country

Argentina (X tonnes), Mexico (X kg) and Peru (X kg) were the main destinations of alumina exports from Chile, with a combined X% share of total exports.

From 2007 to 2020, the biggest increases were in Mexico, while shipments for the other leaders experienced more modest paces of growth.

In value terms, Argentina ($X) remains the key foreign market for alumina exports from Chile, comprising X% of total exports. The second position in the ranking was occupied by Mexico ($X), with a X% share of total exports. It was followed by Norway, with a X% share.

From 2007 to 2020, the average annual rate of growth in terms of value to Argentina stood at +X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Mexico (+X% per year) and Norway (X% per year).

Export Prices by Country

In 2020, the average alumina export price amounted to $X per tonne, rising by X% against the previous year. Overall, the export price continues to indicate strong growth. As a result, export price reached the peak level and is likely to continue growth in the immediate term.

There were significant differences in the average prices for the major foreign markets. In 2020, the country with the highest price was Norway ($X per tonne), while the average price for exports to Mexico ($X per tonne) was amongst the lowest.

From 2007 to 2020, the most notable rate of growth in terms of prices was recorded for supplies to Peru, while the prices for the other major destinations experienced more modest paces of growth.

Alumina Imports

Imports into Chile

In 2020, supplies from abroad of alumina decreased by -X% to X tonnes, falling for the second consecutive year after two years of growth. In general, imports showed a abrupt decrease. The pace of growth was the most pronounced in 2011 when imports increased by X% against the previous year. Imports peaked at X tonnes in 2008; however, from 2009 to 2020, imports remained at a lower figure.

In value terms, alumina imports declined rapidly to $X in 2020. Over the period under review, imports continue to indicate a deep downturn. The pace of growth appeared the most rapid in 2011 when imports increased by X% against the previous year. Over the period under review, imports hit record highs at $X in 2008; however, from 2009 to 2020, imports failed to regain the momentum.

Imports by Country

In 2020, the Netherlands (X tonnes) constituted the largest alumina supplier to Chile, with a X% share of total imports. Moreover, alumina imports from the Netherlands exceeded the figures recorded by the second-largest supplier, the U.S. (X tonnes), threefold. Germany (X tonnes) ranked third in terms of total imports with a X% share.

From 2007 to 2020, the average annual rate of growth in terms of volume from the Netherlands stood at -X%. The remaining supplying countries recorded the following average annual rates of imports growth: the U.S. (-X% per year) and Germany (+X% per year).

In value terms, the U.S. ($X), the Netherlands ($X) and Germany ($X) were the largest alumina suppliers to Chile, with a combined X% share of total imports. France, India and Brazil lagged somewhat behind, together comprising a further X the main suppliers, India 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 2020, the average alumina import price amounted to $X per tonne, surging by X% against the previous year. In general, import price indicated a strong expansion from 2007 to 2020: its price increased at an average annual rate of +X% over the last thirteen-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2020 figures, alumina import price increased by +X% against 2017 indices. As a result, import price reached the peak level and is likely to continue growth in the immediate term.

There were significant differences in the average prices amongst the major supplying countries. In 2020, 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 2020, 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 Platform

Frequently Asked Questions (FAQ) :

What are the largest markets for alumina in the world?

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China (95M tonnes) constituted the country with the largest volume of alumina consumption, accounting for 60% of total volume. Moreover, alumina consumption in China exceeded the figures recorded by the second-largest consumer, Australia (17M tonnes), fivefold. India (8.3M tonnes) ranked third in terms of total consumption with a 5.2% share.

What are the largest producers of alumina in the world?

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China (91M tonnes) remains the largest alumina producing country worldwide, accounting for 61% of total volume. Moreover, alumina production in China exceeded the figures recorded by the second-largest producer, Australia (19M tonnes), fivefold. Brazil (8.1M tonnes) ranked third in terms of total production with a 5.4% share.

What are the leading suppliers of alumina to Chile?

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In value terms, the largest alumina suppliers to Chile were the U.S. ($237K), the Netherlands ($149K) and Germany ($84K), with a combined 81% share of total imports. France, India and Brazil lagged somewhat behind, together comprising a further 14%.

What are the leading importers of alumina from Chile?

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In value terms, Argentina ($8.5K) remains the key foreign market for alumina exports from Chile, comprising 59% of total exports. The second position in the ranking was occupied by Mexico ($2.5K), with a 17% share of total exports. It was followed by Norway, with a 17% share.

What is the average export price for alumina in Chile?

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The average alumina export price stood at $8,006 per tonne in 2020, picking up by 81% against the previous year.

What is the average import price for alumina in Chile?

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The average alumina import price stood at $2,401 per tonne in 2020, growing by 50% against the previous year.