China: Alumina Market Overview 2021

Alumina Market Size in China

For the third year in a row, the Chinese alumina market recorded growth in sales value, which increased by X% to $X in 2019. In general, consumption posted a remarkable increase. The pace of growth appeared the most rapid in 2010 with an increase of X% y-o-y. Alumina consumption peaked in 2019 and is likely to see gradual growth in the near future.

Alumina Production in China

In value terms, alumina production skyrocketed to $X in 2019 estimated in export prices. In general, production continues to indicate a remarkable increase. The most prominent rate of growth was recorded in 2010 with an increase of X% y-o-y. Alumina production peaked in 2019 and is expected to retain growth in the immediate term.

Alumina Exports

Exports from China

For the third consecutive year, China recorded growth in overseas shipments of alumina, which increased by X% to X tonnes in 2019. Over the period under review, exports continue to indicate a prominent expansion. The pace of growth was the most pronounced in 2013 with an increase of X% y-o-y. Over the period under review, exports attained the maximum in 2019 and are expected to retain growth in the immediate term.

In value terms, alumina exports amounted to $X in 2019. In general, exports continue to indicate a significant increase. The pace of growth was the most pronounced in 2013 with an increase of X% y-o-y. Over the period under review, exports reached the maximum in 2019 and are likely to see gradual growth in years to come.

Exports by Country

Norway (X tonnes), the United Arab Emirates (X tonnes) and Malaysia (X tonnes) were the main destinations of alumina exports from China, with a combined X% share of total exports.

From 2007 to 2019, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by Norway (+X% per year), while exports for the other leaders experienced more modest paces of growth.

In value terms, Norway ($X), the United Arab Emirates ($X) and Malaysia ($X) constituted the largest markets for alumina exported from China worldwide, with a combined X% share of total exports.

In terms of the main countries of destination, Norway (+X% per year) recorded the highest rates of growth with regard to the value of exports, 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, surging by X% against the previous year. Over the period under review, export price indicated a perceptible increase from 2007 to 2019: its price increased at an average annual rate of +X% over the last twelve-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2019 figures, alumina export price decreased by -X% against 2014 indices. The most prominent rate of growth was recorded in 2014 when the average export price increased by X% y-o-y. As a result, export price attained the peak level of $X per tonne. From 2015 to 2019, the growth in terms of the average export prices remained at a lower figure.

There were significant differences in the average prices for the major export markets. In 2019, the country with the highest price was the U.S. ($X per tonne), while the average price for exports to Malaysia ($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 South Korea, while the prices for the other major destinations experienced more modest paces of growth.

Alumina Imports

Imports into China

For the fifth year in a row, China recorded decline in purchases abroad of alumina, which decreased by -X% to X tonnes in 2019. Over the period under review, imports continue to indicate a abrupt shrinkage. The pace of growth was the most pronounced in 2012 when imports increased by X% y-o-y. Over the period under review, imports reached the maximum at X tonnes in 2014; however, from 2015 to 2019, imports remained at a lower figure.

In value terms, alumina imports contracted dramatically to $X in 2019. In general, imports showed a abrupt shrinkage. The pace of growth appeared the most rapid in 2012 with an increase of X% against the previous year. Imports peaked at $X in 2007; however, from 2008 to 2019, imports remained at a lower figure.

Imports by Country

In 2019, Australia (X tonnes) constituted the largest supplier of alumina to China, accounting for a X% share of total imports. Moreover, alumina imports from Australia exceeded the figures recorded by the second-largest supplier, Kazakhstan (X tonnes), sixfold. The third position in this ranking was occupied by Indonesia (X tonnes), with a X% share.

From 2007 to 2019, the average annual rate of growth in terms of volume from Australia totaled -X%. The remaining supplying countries recorded the following average annual rates of imports growth: Kazakhstan (+X% per year) and Indonesia (+X% per year).

In value terms, Australia ($X) constituted the largest supplier of alumina to China, comprising X% of total imports. The second position in the ranking was occupied by Viet Nam ($X), with a X% share of total imports. It was followed by Kazakhstan, with a X% share.

From 2007 to 2019, the average annual growth rate of value from Australia amounted to -X%. The remaining supplying countries recorded the following average annual rates of imports growth: Viet Nam (+X% per year) and Kazakhstan (+X% per year).

Import Prices by Country

In 2019, the average alumina import price amounted to $X per tonne, with a decrease of -X% against the previous year. Overall, the import price saw a relatively flat trend pattern. The most prominent rate of growth was recorded in 2011 an increase of X% year-to-year. As a result, import price attained the peak level of $X per tonne. From 2012 to 2019, the growth in terms of the average import prices remained at a lower figure.

There were significant differences in the average prices amongst the major supplying countries. In 2019, the country with the highest price was Viet Nam ($X per tonne), while the price for India ($X per tonne) was amongst the lowest.

From 2007 to 2019, the most notable rate of growth in terms of prices was attained by India, while the prices for the other major suppliers experienced a decline.

Source: IndexBox AI Platform

Frequently Asked Questions (FAQ) :

What are the largest markets for alumina in the world?

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The country with the largest volume of alumina consumption was China (83M tonnes), accounting for 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?

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China (81M tonnes) constituted the country with the largest volume of alumina production, accounting for 58% of total volume. Moreover, alumina production in China exceeded the figures recorded by the second-largest producer, Australia (19M tonnes), fourfold. The third position in this ranking was occupied by Brazil (8M tonnes), with a 5.7% share.

What are the leading suppliers of alumina to China?

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In value terms, Australia ($394M) constituted the largest supplier of alumina to China, comprising 52% of total imports. The second position in the ranking was occupied by Viet Nam ($68M), with a 8.9% share of total imports. It was followed by Kazakhstan, with a 8.4% share.

What are the leading importers of alumina from China?

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In value terms, Norway ($41M), the United Arab Emirates ($35M) and Malaysia ($23M) were the largest markets for alumina exported from China worldwide, together accounting for 49% of total exports.

What is the average export price for alumina in China?

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The average alumina export price stood at $940 per tonne in 2019, rising by 3.3% against the previous year.

What is the average import price for alumina in China?

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In 2019, the average alumina import price amounted to $358 per tonne, reducing by -4.5% against the previous year.