
Singapore - Alumina - Market Analysis, Forecast, Size, Trends And Insights
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Singapore: Alumina Market Overview 2021
Alumina Market Size in Singapore
The Singaporean alumina market soared to $X in 2019, picking up by 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). In general, consumption, however, saw a perceptible shrinkage. The growth pace was the most rapid in 2015 with an increase of X% y-o-y. Alumina consumption peaked at $X in 2011; however, from 2012 to 2019, consumption remained at a lower figure.
Alumina Exports
Exports from Singapore
In 2019, exports of alumina from Singapore dropped to X tonnes, waning by -X% compared with 2018 figures. In general, exports continue to indicate a pronounced downturn. The most prominent rate of growth was recorded in 2016 when exports increased by X% against the previous year. Over the period under review, exports attained the peak figure at X tonnes in 2012; however, from 2013 to 2019, exports remained at a lower figure.
In value terms, alumina exports rose significantly to $X in 2019. Overall, exports posted buoyant growth. The pace of growth was the most pronounced in 2016 when exports increased by X% y-o-y. Exports peaked in 2019 and are likely to see gradual growth in the near future.
Exports by Country
Indonesia (X tonnes), Malaysia (X tonnes) and Thailand (X tonnes) were the main destinations of alumina exports from Singapore, together accounting for X% of total exports. These countries were followed by Japan, Taiwan (Chinese), the Philippines, Sri Lanka and China, which together accounted for a further X 2007 to 2019, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by Japan, while exports for the other leaders experienced more modest paces of growth.
In value terms, Japan ($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 Malaysia ($X), with a X% share of total exports. It was followed by Indonesia, with a X% share.
From 2007 to 2019, the average annual growth rate of value to Japan totaled +X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Malaysia (+X% per year) and Indonesia (+X% per year).
Export Prices by Country
The average alumina export price stood at $X per tonne in 2019, growing by X% against the previous year. Over the period under review, the export price posted a strong expansion. The pace of growth appeared the most rapid in 2015 an increase of X% year-to-year. The export price peaked in 2019 and is likely to see gradual growth in years to come.
There were significant differences in the average prices for the major foreign markets. In 2019, the country with the highest price was Japan ($X per tonne), while the average price for exports to Indonesia ($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 Japan, while the prices for the other major destinations experienced more modest paces of growth.
Alumina Imports
Imports into Singapore
In 2019, imports of alumina into Singapore surged to X tonnes, with an increase of X% against the previous year's figure. Overall, imports, however, recorded a noticeable contraction. The most prominent rate of growth was recorded in 2010 with an increase of X% against the previous year. As a result, imports reached the peak of X tonnes. From 2011 to 2019, the growth imports failed to regain the momentum.
In value terms, alumina imports soared to $X in 2019. Over the period under review, imports, however, showed a noticeable shrinkage. Over the period under review, imports attained the maximum at $X in 2011; however, from 2012 to 2019, imports stood at a somewhat lower figure.
Imports by Country
In 2019, China (X tonnes) constituted the largest alumina supplier to Singapore, with a X% share of total imports. Moreover, alumina imports from China exceeded the figures recorded by the second-largest supplier, the U.S. (X tonnes), sixfold. Japan (X tonnes) ranked third in terms of total imports with a X% share.
From 2007 to 2019, the average annual rate of growth in terms of volume from China was relatively modest. The remaining supplying countries recorded the following average annual rates of imports growth: the U.S. (-X% per year) and Japan (-X% per year).
In value terms, the largest alumina suppliers to Singapore were the U.S. ($X), China ($X) and Japan ($X), with a combined X% share of total imports. These countries were followed by France, South Korea and Canada, which together accounted for a further X (+X% per year) recorded 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
The average alumina import price stood at $X per tonne in 2019, declining by -X% against the previous year. In general, the import price, however, continues to indicate a relatively flat trend pattern. The pace of growth appeared the most rapid in 2011 an increase of X% y-o-y. As a result, import price reached the peak level of $X per tonne. From 2012 to 2019, the growth in terms of the average import prices remained at a somewhat lower figure.
Prices varied noticeably by the country of origin; the country with the highest price was the U.S. ($X per tonne), while the price for China ($X per tonne) was amongst the lowest.
From 2007 to 2019, 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 AI Platform
Frequently Asked Questions (FAQ) :
What are the largest markets for alumina in the world?+
China (83M tonnes) remains the largest alumina consuming country worldwide, 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?+
China (81M tonnes) constituted the country with the largest volume of alumina production, comprising approx. 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 Singapore?+
In value terms, the largest alumina suppliers to Singapore were the U.S. ($2.4M), China ($1.6M) and Japan ($1.2M), with a combined 82% share of total imports. France, South Korea and Canada lagged somewhat behind, together comprising a further 13%.
What are the leading importers of alumina from Singapore?+
In value terms, Japan ($3.5M) remains the key foreign market for alumina exports from Singapore, comprising 66% of total exports. The second position in the ranking was occupied by Malaysia ($632K), with a 12% share of total exports. It was followed by Indonesia, with a 8.7% share.
What is the average export price for alumina in Singapore?+
The average alumina export price stood at $8,775 per tonne in 2019, jumping by 15% against the previous year.
What is the average import price for alumina in Singapore?+
In 2019, the average alumina import price amounted to $2,008 per tonne, reducing by -4.6% against the previous year.
This report provides an in-depth analysis of the alumina market in Singapore. Within it, you will discover the latest data on market trends and opportunities by country, consumption, production and price developments, as well as the global trade (imports and exports). The forecast exhibits the market prospects through 2025.
Making Data-Driven Decisions to Grow Your Business
A Quick Overview of Market Performance
Understanding the Current State of The Market and Its Prospects
Finding New Products to Diversify Your Business
Choosing the Best Countries to Establish Your Sustainable Supply Chain
Choosing the Best Countries to Boost Your Exports
The Latest Trends and Insights into The Industry
The Largest Import Supplying Countries
The Largest Destinations for Exports
The Largest Producers on The Market and Their Profiles
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