China: Bauxite Market 2022

Bauxite Market Size in China

The Chinese bauxite market expanded to $X in 2021, increasing by X% against the previous year. Overall, the total consumption indicated a prominent increase from 2012 to 2021: its value increased at an average annual rate of +X% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, consumption decreased by -X% against 2019 indices. Over the period under review, the market hit record highs at $X in 2019; however, from 2020 to 2021, consumption stood at a somewhat lower figure.

Bauxite Production in China

In value terms, bauxite production soared to $X in 2021 estimated in export price. Overall, production continues to indicate a significant expansion. The most prominent rate of growth was recorded in 2013 when the production volume increased by X% against the previous year. Bauxite production peaked at $X in 2017; however, from 2018 to 2021, production remained at a lower figure.

Bauxite Exports

Exports from China

In 2021, shipments abroad of bauxite was finally on the rise to reach X tonnes for the first time since 2018, thus ending a two-year declining trend. Over the period under review, exports saw a significant expansion. The most prominent rate of growth was recorded in 2014 with an increase of X% against the previous year. Over the period under review, the exports hit record highs at X tonnes in 2018; however, from 2019 to 2021, the exports stood at a somewhat lower figure.

In value terms, bauxite exports totaled $X in 2021. In general, exports continue to indicate a significant expansion. The pace of growth appeared the most rapid in 2014 with an increase of X%. The exports peaked at $X in 2018; however, from 2019 to 2021, the exports failed to regain momentum.

Exports by Country

France (X tonnes), the United States (X tonnes) and Croatia (X tonnes) were the main destinations of bauxite exports from China, together comprising X% of total exports.

From 2012 to 2021, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by the United States (with a CAGR of +X%), while the other leaders experienced more modest paces of growth.

In value terms, the largest markets for bauxite exported from China were France ($X), Russia ($X) and the United States ($X), with a combined X% share of total exports.

The United States, with a CAGR of +X%, recorded the highest growth rate of 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 2021, the average bauxite export price amounted to $X per tonne, waning by -X% against the previous year. Overall, the export price continues to indicate a abrupt slump. The growth pace was the most rapid in 2017 when the average export price increased by X%. The export price peaked at $X per tonne in 2013; however, from 2014 to 2021, the export prices remained at a lower figure.

There were significant differences in the average prices for the major foreign markets. In 2021, the country with the highest price was Russia ($X per tonne), while the average price for exports to Japan ($X per tonne) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was recorded for supplies to the United States (+X%), while the prices for the other major destinations experienced mixed trend patterns.

Bauxite Imports

Imports into China

After four years of growth, purchases abroad of bauxite decreased by -X% to X tonnes in 2021. Overall, imports, however, recorded prominent growth. The most prominent rate of growth was recorded in 2013 when imports increased by X%. Over the period under review, imports reached the maximum at X tonnes in 2020, and then declined modestly in the following year.

In value terms, bauxite imports totaled $X in 2021. Over the period under review, imports, however, posted a prominent increase. The growth pace was the most rapid in 2013 with an increase of X% against the previous year. Over the period under review, imports hit record highs at $X in 2019; afterwards, it flattened through to 2021.

Imports by Country

Guinea (X tonnes), Australia (X tonnes) and Indonesia (X tonnes) were the main suppliers of bauxite imports to China, with a combined X% share of total imports.

From 2012 to 2021, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by Guinea (with a CAGR of +X%), while imports for the other leaders experienced more modest paces of growth.

In value terms, Guinea ($X), Australia ($X) and Indonesia ($X) appeared to be the largest bauxite suppliers to China, together accounting for X% of total imports.

Among the main suppliers, Guinea, with a CAGR of +X%, saw 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

The average bauxite import price stood at $X per tonne in 2021, increasing by X% against the previous year. Overall, the import price, however, showed a relatively flat trend pattern. The pace of growth appeared the most rapid in 2013 when the average import price increased by X% against the previous year. The import price peaked at $X per tonne in 2014; however, from 2015 to 2021, import prices remained at a lower figure.

Prices varied noticeably by the country of origin: the country with the highest price was Brazil ($X per tonne), while the price for Australia ($X per tonne) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Indonesia (+X%), while the prices for the other major suppliers experienced a decline.

Source: IndexBox Platform