Singapore: Alumina Market Overview 2021

Alumina Market Size in Singapore

The Singaporean alumina market skyrocketed to $X in 2020, jumping by X% against the previous year. In general, consumption, however, saw a slight contraction. The pace of growth was the most pronounced in 2015 with an increase of X% against the previous year. Alumina consumption peaked at $X in 2011; however, from 2012 to 2020, consumption remained at a lower figure.

Alumina Production in Singapore

In value terms, alumina production totaled $X in 2020 estimated in export prices. In general, production continues to indicate a relatively flat trend pattern. Alumina production peaked in 2020 and is expected to retain growth in the near future.

Alumina Exports

Exports from Singapore

In 2020, shipments abroad of alumina increased by X% to X tonnes, rising for the second consecutive year after two years of decline. Overall, exports showed a notable expansion. The most prominent rate of growth was recorded in 2016 with an increase of X% y-o-y. Over the period under review, exports attained the maximum at X tonnes in 2012; however, from 2013 to 2020, exports remained at a lower figure.

In value terms, alumina exports reached $X in 2020. In general, exports saw a prominent expansion. The most prominent rate of growth was recorded in 2016 when exports increased by X% y-o-y. Over the period under review, exports attained the maximum at $X in 2018; however, from 2019 to 2020, exports failed to regain the momentum.

Exports by Country

Indonesia (X tonnes), Malaysia (X tonnes) and Japan (X tonnes) were the main destinations of alumina exports from Singapore, with a combined X% share of total exports.

From 2007 to 2020, the biggest increases were in Japan (+X% per year), while shipments for the other leaders experienced more modest paces of growth.

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

From 2007 to 2020, the average annual rate of growth in terms of value to Japan amounted to +X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Indonesia (+X% per year) and Malaysia (+X% per year).

Export Prices by Country

In 2020, the average alumina export price amounted to $X per tonne, with a decrease of -X% against the previous year. In general, the export price, however, continues to indicate a strong increase. The pace of growth was the most pronounced in 2015 when the average export price increased by X% year-to-year. The export price peaked at $X per tonne in 2018; however, from 2019 to 2020, export prices stood at a somewhat lower figure.

Prices varied noticeably by the country of destination; the country with the highest price was Japan ($X per tonne), while the average price for exports to Malaysia ($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 Malaysia, while the prices for the other major destinations experienced more modest paces of growth.

Alumina Imports

Imports into Singapore

In 2020, the amount of alumina imported into Singapore shrank notably to X tonnes, waning by -X% compared with the previous year. Overall, imports saw a perceptible curtailment. The most prominent rate of growth was recorded in 2010 with an increase of X% year-to-year. As a result, imports reached the peak of X tonnes. from 2011 to 2020, the growth imports remained at a somewhat lower figure.

In value terms, alumina imports reduced remarkably to $X in 2020. In general, imports continue to indicate a abrupt curtailment. The pace of growth appeared the most rapid in 2019 with an increase of X% against the previous year. Over the period under review, imports hit record highs at $X in 2011; however, from 2012 to 2020, imports stood at a somewhat lower figure.

Imports by Country

In 2020, China (X tonnes) constituted the largest alumina supplier to Singapore, with a X% share of total imports. Moreover, alumina imports from China exceeded the figures recorded by the second-largest supplier, France (X tonnes), threefold. Japan (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 China totaled -X%. The remaining supplying countries recorded the following average annual rates of imports growth: France (+X% per year) and Japan (-X% per year).

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

From 2007 to 2020, the average annual rate of growth in terms of value from China amounted to +X%. The remaining supplying countries recorded the following average annual rates of imports growth: the U.S. (-X% per year) and France (+X% per year).

Import Prices by Country

In 2020, the average alumina import price amounted to $X per tonne, with a decrease of -X% against the previous year. Overall, the import price showed a mild contraction. The most prominent rate of growth was recorded in 2011 an increase of X% year-to-year. The import price peaked at $X per tonne in 2012; however, from 2013 to 2020, import prices failed to regain the momentum.

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. ($X per tonne), while the price for France ($X per tonne) was amongst the lowest.

From 2007 to 2020, the most notable rate of growth in terms of prices was attained by Japan, 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, comprising approx. 60% of total volume. Moreover, alumina consumption in China exceeded the figures recorded by the second-largest consumer, Australia (17M tonnes), fivefold. The third position in this ranking was occupied by India (8.3M tonnes), 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 Singapore?

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In value terms, China ($1.6M) constituted the largest supplier of alumina to Singapore, comprising 42% of total imports. The second position in the ranking was occupied by the U.S. ($663K), with a 17% share of total imports. It was followed by France, with a 14% share.

What are the leading importers of alumina from Singapore?

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In value terms, Japan ($2.8M) remains the key foreign market for alumina exports from Singapore, comprising 63% of total exports. The second position in the ranking was occupied by Indonesia ($817K), with a 18% share of total exports. It was followed by Malaysia, with a 9.8% share.

What is the average export price for alumina in Singapore?

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In 2020, the average alumina export price amounted to $3,435 per tonne, reducing by -16.9% against the previous year.

What is the average import price for alumina in Singapore?

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In 2020, the average alumina import price amounted to $1,549 per tonne, falling by -21.9% against the previous year.