U.S.: Aluminium Hydroxide Market 2023

Aluminium Hydroxide Market Size in the U.S.

In 2022, after two years of decline, there was significant growth in the U.S. aluminium hydroxide market, when its value increased by 27% to $X. In general, the total consumption indicated resilient growth from 2012 to 2022: its value increased at an average annual rate of +7.4% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. As a result, consumption reached the peak level and is likely to continue growth in the immediate term.

Aluminium Hydroxide Production in the U.S.

In value terms, aluminium hydroxide production reached $X in 2022. Over the period under review, the total production indicated a tangible increase from 2012 to 2022: its value increased at an average annual rate of +4.0% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, production decreased by -1.4% against 2020 indices. The most prominent rate of growth was recorded in 2019 with an increase of 31%. Aluminium hydroxide production peaked at $X in 2020; however, from 2021 to 2022, production stood at a somewhat lower figure.

Aluminium Hydroxide Exports

Exports from the U.S.

In 2022, shipments abroad of aluminium hydroxide decreased by -0.8% to X tons for the first time since 2019, thus ending a two-year rising trend. Over the period under review, exports saw a relatively flat trend pattern. The pace of growth appeared the most rapid in 2020 with an increase of 33%. The exports peaked at X tons in 2012; however, from 2013 to 2022, the exports remained at a lower figure.

In value terms, aluminium hydroxide exports declined slightly to $X in 2022. Overall, exports, however, continue to indicate noticeable growth. The most prominent rate of growth was recorded in 2021 when exports increased by 47%. As a result, the exports reached the peak of $X, leveling off in the following year.

Exports by Country

Mexico (X tons) was the main destination for aluminium hydroxide exports from the United States, accounting for a 59% share of total exports. Moreover, aluminium hydroxide exports to Mexico exceeded the volume sent to the second major destination, France (X tons), sevenfold. The third position in this ranking was held by China (X tons), with a 7.9% share.

From 2012 to 2022, the average annual growth rate of volume to Mexico amounted to -2.3%. Exports to the other major destinations recorded the following average annual rates of exports growth: France (+46.9% per year) and China (+15.9% per year).

In value terms, the largest markets for aluminium hydroxide exported from the United States were Mexico ($X), France ($X) and China ($X), together accounting for 53% of total exports.

In terms of the main countries of destination, France, with a CAGR of +50.0%, recorded the highest rates of growth with regard to the value of exports, over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

In 2022, the average aluminium hydroxide export price amounted to $X per ton, remaining relatively unchanged against the previous year. Overall, export price indicated a buoyant increase from 2012 to 2022: its price increased at an average annual rate of +5.4% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, aluminium hydroxide export price increased by +25.9% against 2020 indices. The pace of growth was the most pronounced in 2017 when the average export price increased by 28% against the previous year. The export price peaked in 2022 and is likely to see steady growth in the immediate term.

There were significant differences in the average prices for the major export markets. In 2022, amid the top suppliers, the country with the highest price was Japan ($X per ton), while the average price for exports to Mexico ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to China (+7.5%), while the prices for the other major destinations experienced more modest paces of growth.

Aluminium Hydroxide Imports

Imports into the U.S.

In 2022, after three years of decline, there was significant growth in overseas purchases of aluminium hydroxide, when their volume increased by 83% to X tons. In general, imports continue to indicate strong growth. The pace of growth appeared the most rapid in 2017 when imports increased by 86%. Over the period under review, imports attained the maximum in 2022 and are expected to retain growth in the immediate term.

In value terms, aluminium hydroxide imports soared to $X in 2022. Overall, imports recorded a strong increase. As a result, imports attained the peak and are likely to continue growth in the immediate term.

Imports by Country

Brazil (X tons), Jamaica (X tons) and Canada (X tons) were the main suppliers of aluminium hydroxide imports to the United States, together accounting for 76% of total imports. Greece, China, Belize and Germany lagged somewhat behind, together comprising a further 17%.

From 2012 to 2022, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by Greece (with a CAGR of +23.8%), while imports for the other leaders experienced more modest paces of growth.

In value terms, Brazil ($X), Canada ($X) and Germany ($X) appeared to be the largest aluminium hydroxide suppliers to the United States, together comprising 62% of total imports.

Brazil, with a CAGR of +27.8%, saw the highest rates of growth with regard to 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 aluminium hydroxide import price stood at $X per ton in 2022, declining by -9.7% against the previous year. Over the period under review, the import price showed a perceptible curtailment. The growth pace was the most rapid in 2021 when the average import price increased by 35% against the previous year. Over the period under review, average import prices attained the maximum at $X per ton in 2015; however, from 2016 to 2022, import prices remained at a lower figure.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Germany ($X per ton), while the price for Greece ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Germany (+13.9%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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