Southern Asia: Aluminium Hydroxide Market 2023

Aluminium Hydroxide Market Size in Southern Asia

In 2021, after four years of growth, there was significant decline in the South Asian aluminium hydroxide market, when its value decreased by -44.8% to $X. Over the period under review, consumption, however, recorded a buoyant increase. As a result, consumption reached the peak level of $X, and then declined significantly in the following year.

Aluminium Hydroxide Production in Southern Asia

In value terms, aluminium hydroxide production dropped dramatically to $X in 2021 estimated in export price. In general, production, however, continues to indicate resilient growth. The most prominent rate of growth was recorded in 2020 when the production volume increased by 829%. As a result, production attained the peak level of $X, and then declined rapidly in the following year.

Aluminium Hydroxide Exports

Exports in Southern Asia

In 2021, overseas shipments of aluminium hydroxide were finally on the rise to reach X tons after three years of decline. Over the period under review, exports, however, continue to indicate a abrupt decrease. The most prominent rate of growth was recorded in 2013 when exports increased by 27%. The volume of export peaked at X tons in 2014; however, from 2015 to 2021, the exports stood at a somewhat lower figure.

In value terms, aluminium hydroxide exports expanded significantly to $X in 2021. In general, exports, however, recorded a abrupt decrease. The most prominent rate of growth was recorded in 2018 when exports increased by 26%. Over the period under review, the exports hit record highs at $X in 2013; however, from 2014 to 2021, the exports stood at a somewhat lower figure.

Exports by Country

The shipments of the one major exporters of aluminium hydroxide, namely India, represented more than two-thirds of total export.

India was also the fastest-growing in terms of the aluminium hydroxide exports, with a CAGR of -5.2% from 2012 to 2021. The shares of the largest exporters remained relatively stable throughout the analyzed period.

In value terms, India ($X) also remains the largest aluminium hydroxide supplier in Southern Asia.

From 2012 to 2021, the average annual growth rate of value in India amounted to -5.2%.

Export Prices by Country

In 2021, the export price in Southern Asia amounted to $X per ton, waning by -3.2% against the previous year. In general, the export price showed a relatively flat trend pattern. The most prominent rate of growth was recorded in 2018 an increase of 28% against the previous year. The level of export peaked at $X per ton in 2019; however, from 2020 to 2021, the export prices failed to regain momentum.

As there is only one major export destination, the average price level is determined by prices for India.

From 2012 to 2021, the rate of growth in terms of prices for India amounted to -0.1% per year.

Aluminium Hydroxide Imports

Imports in Southern Asia

In 2021, aluminium hydroxide imports in Southern Asia soared to X tons, rising by 16% against the previous year's figure. In general, imports recorded a buoyant expansion. The most prominent rate of growth was recorded in 2013 with an increase of 108%. Over the period under review, imports hit record highs in 2021 and are likely to see steady growth in the near future.

In value terms, aluminium hydroxide imports skyrocketed to $X in 2021. Overall, imports continue to indicate a buoyant expansion. As a result, imports attained the peak and are likely to continue growth in the immediate term.

Imports by Country

India represented the key importing country with an import of about X tons, which reached 76% of total imports. It was distantly followed by Bangladesh (X tons), constituting a 15% share of total imports. The following importers - Sri Lanka (X tons) and Pakistan (X tons) - each resulted at an 8.2% share of total imports.

Imports into India increased at an average annual rate of +13.8% from 2012 to 2021. At the same time, Sri Lanka (+19.6%) and Bangladesh (+6.9%) displayed positive paces of growth. Moreover, Sri Lanka emerged as the fastest-growing importer imported in Southern Asia, with a CAGR of +19.6% from 2012-2021. Pakistan experienced a relatively flat trend pattern. From 2012 to 2021, the share of India and Sri Lanka increased by +12 and +2 percentage points, respectively.

In value terms, India ($X) constitutes the largest market for imported aluminium hydroxide in Southern Asia, comprising 78% of total imports. The second position in the ranking was taken by Pakistan ($X), with a 10% share of total imports. It was followed by Bangladesh, with an 8.1% share.

In India, aluminium hydroxide imports increased at an average annual rate of +12.0% over the period from 2012-2021. The remaining importing countries recorded the following average annual rates of imports growth: Pakistan (+1.7% per year) and Bangladesh (+1.8% per year).

Import Prices by Country

The import price in Southern Asia stood at $X per ton in 2021, growing by 16% against the previous year. Over the period under review, the import price, however, recorded a pronounced contraction. The growth pace was the most rapid in 2014 an increase of 70%. Over the period under review, import prices hit record highs at $X per ton in 2012; however, from 2013 to 2021, import prices stood at a somewhat lower figure.

There were significant differences in the average prices amongst the major importing countries. In 2021, the country with the highest price was Pakistan ($X per ton), while Bangladesh ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Pakistan (+1.4%), while the other leaders experienced mixed trends in the import price figures.

Source: IndexBox Platform

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