Northern America: Aluminium Hydroxide Market 2023

Aluminium Hydroxide Market Size in Northern America

The North American aluminium hydroxide market declined rapidly to $X in 2021, which is down by -29.5% against the previous year. Overall, consumption, however, showed a strong increase. Over the period under review, the market reached the peak level at $X in 2020, and then reduced dramatically in the following year.

Aluminium Hydroxide Production in Northern America

In value terms, aluminium hydroxide production declined notably to $X in 2021 estimated in export price. Over the period under review, production, however, posted resilient growth. The growth pace was the most rapid in 2020 with an increase of 706%. As a result, production attained the peak level of $X, and then declined dramatically in the following year.

Aluminium Hydroxide Exports

Exports in Northern America

In 2021, exports of aluminium hydroxide in Northern America surged to X tons, jumping by 18% compared with the previous year. The total export volume increased at an average annual rate of +1.1% from 2012 to 2021; the trend pattern remained relatively stable, with only minor fluctuations throughout the analyzed period. The most prominent rate of growth was recorded in 2018 when exports increased by 18% against the previous year. The volume of export peaked in 2021 and is likely to continue growth in the immediate term.

In value terms, aluminium hydroxide exports surged to $X in 2021. Total exports indicated a notable increase from 2012 to 2021: its value increased at an average annual rate of +4.7% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, exports increased by +40.1% against 2018 indices. As a result, the exports reached the peak and are likely to continue growth in the immediate term.

Exports by Country

The United States was the major exporter of aluminium hydroxide in Northern America, with the volume of exports finishing at X tons, which was near 64% of total exports in 2021. It was distantly followed by Canada (X tons), creating a 36% share of total exports.

From 2012 to 2021, the most notable rate of growth in terms of shipments, amongst the key exporting countries, was attained by Canada (with a CAGR of +4.5%).

In value terms, the United States ($X) remains the largest aluminium hydroxide supplier in Northern America, comprising 81% of total exports. The second position in the ranking was taken by Canada ($X), with a 19% share of total exports.

In the United States, aluminium hydroxide exports increased at an average annual rate of +5.4% over the period from 2012-2021.

Export Prices by Country

In 2021, the export price in Northern America amounted to $X per ton, surging by 21% against the previous year. Over the period from 2012 to 2021, it increased at an average annual rate of +3.6%. As a result, the export 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 exporting countries. In 2021, the country with the highest price was the United States ($X per ton), while Canada stood at $X per ton.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by the United States (+5.9%).

Aluminium Hydroxide Imports

Imports in Northern America

In 2021, overseas purchases of aluminium hydroxide decreased by -14% to X tons, falling for the third consecutive year after three years of growth. Overall, imports, however, saw moderate growth. The pace of growth appeared the most rapid in 2017 when imports increased by 82%. The volume of import peaked at X tons in 2018; however, from 2019 to 2021, imports remained at a lower figure.

In value terms, aluminium hydroxide imports soared to $X in 2021. Total imports indicated a mild expansion from 2012 to 2021: its value increased at an average annual rate of +1.1% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, imports decreased by -36.7% against 2018 indices. The most prominent rate of growth was recorded in 2017 when imports increased by 38% against the previous year. Over the period under review, imports attained the maximum at $X in 2018; however, from 2019 to 2021, imports remained at a lower figure.

Imports by Country

The United States dominates imports structure, amounting to X tons, which was near 98% of total imports in 2021. Canada (X tons) followed a long way behind the leaders.

The United States was also the fastest-growing in terms of the aluminium hydroxide imports, with a CAGR of +5.4% from 2012 to 2021. Canada (-10.6%) illustrated a downward trend over the same period. While the share of the United States (+5 p.p.) increased significantly in terms of the total imports from 2012-2021, the share of Canada (-5.1 p.p.) displayed negative dynamics.

In value terms, the United States ($X) constitutes the largest market for imported aluminium hydroxide in Northern America, comprising 97% of total imports. The second position in the ranking was taken by Canada ($X), with a 3% share of total imports.

From 2012 to 2021, the average annual rate of growth in terms of value in the United States totaled +1.5%.

Import Prices by Country

In 2021, the import price in Northern America amounted to $X per ton, rising by 35% against the previous year. Overall, the import price, however, continues to indicate a perceptible slump. The growth pace was the most rapid in 2015 when the import price increased by 37% against the previous year. As a result, import price attained the peak level of $X per ton. From 2016 to 2021, the import prices remained at a lower figure.

Prices varied noticeably country of destination: the country with the highest price was Canada ($X per ton), while the United States stood at $X per ton.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Canada (+3.9%).

Source: IndexBox Market Intelligence Platform

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