U.S.: Alumina Market 2024

Alumina Market Size in the U.S.

In 2022, the U.S. alumina market increased by X% to $X, rising for the second year in a row after two years of decline. In general, consumption, however, showed a noticeable setback. Over the period under review, the market reached the maximum level at $X in 2012; however, from 2013 to 2022, consumption failed to regain momentum.

Alumina Production in the U.S.

In value terms, alumina production shrank to $X in 2022. In general, production, however, continues to indicate a abrupt contraction. The most prominent rate of growth was recorded in 2018 with an increase of X% against the previous year. Over the period under review, production reached the peak level at $X in 2014; however, from 2015 to 2022, production failed to regain momentum.

Alumina Exports

Exports from the U.S.

For the seventh consecutive year, the United States recorded decline in overseas shipments of alumina, which decreased by X% to X tons in 2022. Overall, exports continue to indicate a sharp slump. The most prominent rate of growth was recorded in 2013 with an increase of X% against the previous year. As a result, the exports reached the peak of X tons. From 2014 to 2022, the growth of the exports remained at a lower figure.

In value terms, alumina exports expanded slightly to $X in 2022. In general, exports continue to indicate a drastic downturn. The most prominent rate of growth was recorded in 2013 with an increase of X%. As a result, the exports attained the peak of $X. From 2014 to 2022, the growth of the exports remained at a lower figure.

Exports by Country

Canada (X tons), Mexico (X tons) and China (X tons) were the main destinations of alumina exports from the United States, together accounting for X% of total exports. The Netherlands, Germany, South Korea, Taiwan (Chinese), Iceland, the United Arab Emirates, Kuwait, Belgium, Japan and Thailand lagged somewhat behind, together comprising a further X%.

From 2012 to 2022, the biggest increases were recorded for Germany (with a CAGR of X%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, the largest markets for alumina exported from the United States were China ($X), Canada ($X) and Belgium ($X), with a combined X% share of total exports. Mexico, Germany, Japan, Taiwan (Chinese), South Korea, the United Arab Emirates, the Netherlands, Kuwait, Thailand and Iceland lagged somewhat behind, together comprising a further X%.

Germany, with a CAGR of X%, saw the highest growth rate of the value of exports, in terms of 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 ton in 2022, surging by X% against the previous year. Overall, the export price posted buoyant growth. The most prominent rate of growth was recorded in 2017 when the average export price increased by X%. Over the period under review, the average export prices hit record highs in 2022 and is likely to continue growth in years to come.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Belgium ($X per ton), while the average price for exports to Iceland ($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 (X%), while the prices for the other major destinations experienced more modest paces of growth.

Alumina Imports

Imports into the U.S.

In 2022, approx. X tons of alumina were imported into the United States; rising by X% compared with the year before. Over the period under review, imports, however, saw a slight downturn. The growth pace was the most rapid in 2019 with an increase of X%. Imports peaked at X tons in 2013; however, from 2014 to 2022, imports stood at a somewhat lower figure.

In value terms, alumina imports soared to $X in 2022. Overall, total imports indicated a mild increase from 2012 to 2022: its value increased at an average annual rate of X% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by X% against 2020 indices. The pace of growth was the most pronounced in 2018 with an increase of X%. Over the period under review, imports hit record highs at $X in 2019; however, from 2020 to 2022, imports remained at a lower figure.

Imports by Country

In 2022, Brazil (X tons) constituted the largest supplier of alumina to the United States, accounting for a X% share of total imports. Moreover, alumina imports from Brazil exceeded the figures recorded by the second-largest supplier, Australia (X tons), fourfold. The third position in this ranking was taken by China (X tons), with a X% share.

From 2012 to 2022, the average annual growth rate of volume from Brazil totaled X%. The remaining supplying countries recorded the following average annual rates of imports growth: Australia (X% per year) and China (X% per year).

In value terms, Brazil ($X) constituted the largest supplier of alumina to the United States, comprising X% of total imports. The second position in the ranking was held by Australia ($X), with a X% share of total imports. It was followed by China, with a X% share.

From 2012 to 2022, the average annual rate of growth in terms of value from Brazil totaled X%. The remaining supplying countries recorded the following average annual rates of imports growth: Australia (X% per year) and China (X% per year).

Import Prices by Country

The average alumina import price stood at $X per ton in 2022, growing by X% against the previous year. Over the last decade, it increased at an average annual rate of X%. The pace of growth was the most pronounced in 2017 when the average import price increased by X%. The import price peaked at $X per ton in 2018; however, from 2019 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 China ($X per ton), while the price for Australia ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Canada (X%), while the prices for the other major suppliers experienced mixed trend patterns.

Source: IndexBox Platform

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