Philippines: Alumina Market Overview 2021

Alumina Market Size in the Philippines

The Philippine alumina market rose markedly to $X in 2019, with an increase of 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 posted a moderate increase. The most prominent rate of growth was recorded in 2012 when the market value increased by X% year-to-year. Over the period under review, the market hit record highs in 2019 and is expected to retain growth in years to come.

Alumina Exports

Exports from the Philippines

In 2019, overseas shipments of alumina increased by X% to X tonnes, rising for the third consecutive year after five years of decline. Over the period under review, exports continue to indicate significant growth. The growth pace was the most rapid in 2011 with an increase of X% year-to-year. Exports peaked in 2019 and are expected to retain growth in the near future.

In value terms, alumina exports soared to $X in 2019. In general, exports showed a significant increase. The most prominent rate of growth was recorded in 2011 with an increase of X% against the previous year. As a result, exports attained the peak of $X. From 2012 to 2019, the growth exports remained at a somewhat lower figure.

Exports by Country

India (X tonnes) was the main destination for alumina exports from the Philippines, accounting for a X% share of total exports. Moreover, alumina exports to India exceeded the volume sent to the second major destination, Singapore (X tonnes), threefold.

From 2007 to 2019, the average annual rate of growth in terms of volume to India amounted to +X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Singapore (+X% per year) and the Netherlands (+X% per year).

In value terms, the largest markets for alumina exported from the Philippines were India ($X), Singapore ($X) and the Netherlands ($X (+X% per year) saw the highest rates of growth with regard to the value of exports, among 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

The average alumina export price stood at $X per tonne in 2019, declining by -X% against the previous year. In general, the export price showed a abrupt decline. The growth pace was the most rapid in 2017 an increase of X% against the previous year. The export price peaked at $X per tonne in 2007; however, from 2008 to 2019, export prices stood at a somewhat lower figure.

Prices varied noticeably by the country of destination; the country with the highest price was the Netherlands ($X per tonne), while the average price for exports to India ($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 Singapore (+X% per year), while the prices for the other major destinations experienced a decline.

Alumina Imports

Imports into the Philippines

In 2019, purchases abroad of alumina increased by X% to X tonnes, rising for the fifth consecutive year after two years of decline. Overall, imports continue to indicate a temperate expansion. The pace of growth appeared the most rapid in 2018 when imports increased by X% y-o-y. Imports peaked in 2019 and are expected to retain growth in the near future.

In value terms, alumina imports soared to $X in 2019. Over the period under review, imports enjoyed a buoyant increase. The most prominent rate of growth was recorded in 2012 with an increase of X% against the previous year. Imports peaked in 2019 and are expected to retain growth in the near future.

Imports by Country

Japan (X tonnes), China (X tonnes) and Thailand (X tonnes) were the main suppliers of alumina imports to the Philippines, together accounting for X% of total imports.

From 2007 to 2019, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by Japan, while imports for the other leaders experienced more modest paces of growth.

In value terms, Thailand ($X), Japan ($X) and China ($X) constituted the largest alumina suppliers to the Philippines, with a combined X% share of total imports.

Thailand saw the highest growth rate of the value of imports, among the main suppliers 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, picking up by X% against the previous year. Overall, the import price recorded a moderate expansion. The pace of growth appeared the most rapid in 2013 when the average import price increased by X% y-o-y. Over the period under review, average import prices attained the maximum at $X per tonne in 2014; however, from 2015 to 2019, import prices remained at a lower figure.

Prices varied noticeably by the country of origin; the country with the highest price was Thailand ($X per tonne), while the price for South Africa ($X per tonne) was amongst the lowest.

From 2007 to 2019, the most notable rate of growth in terms of prices was attained by Thailand, 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?

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The country with the largest volume of alumina consumption was China (83M tonnes), 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. Canada (5.5M tonnes) ranked third in terms of total consumption with a 4.2% share.

What are the largest producers of alumina in the world?

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The country with the largest volume of alumina production was China (81M tonnes), 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 the Philippines?

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In value terms, Thailand ($738K), Japan ($456K) and China ($179K) appeared to be the largest alumina suppliers to the Philippines, together comprising 73% of total imports.

What are the leading importers of alumina from the Philippines?

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In value terms, India ($13K), Singapore ($8.8K) and the Netherlands ($856) appeared to be the largest markets for alumina exported from the Philippines worldwide.

What is the average export price for alumina in the Philippines?

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The average alumina export price stood at $229 per tonne in 2019, reducing by -14.8% against the previous year.

What is the average import price for alumina in the Philippines?

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The average alumina import price stood at $1,961 per tonne in 2019, increasing by 15% against the previous year.