Asia-Pacific: Aluminium Hydroxide Market 2024

Aluminium Hydroxide Market Size in Asia-Pacific

The Asia-Pacific aluminium hydroxide market rose modestly to $X in 2022, surging by 2.9% against the previous year. The total consumption indicated a prominent expansion from 2012 to 2022: its value increased at an average annual rate of +5.8% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, consumption decreased by -1.6% against 2020 indices. The level of consumption peaked at $X in 2020; however, from 2021 to 2022, consumption remained at a lower figure.

Aluminium Hydroxide Production in Asia-Pacific

In value terms, aluminium hydroxide production stood at $X in 2022 estimated in export price. The total production indicated a resilient increase from 2012 to 2022: its value increased at an average annual rate of +5.7% 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 -3.8% against 2020 indices. The pace of growth was the most pronounced in 2020 with an increase of 18%. As a result, production reached the peak level of $X. From 2021 to 2022, production growth failed to regain momentum.

Aluminium Hydroxide Exports

Exports in Asia-Pacific

For the fourth year in a row, Asia-Pacific recorded decline in shipments abroad of aluminium hydroxide, which decreased by -2.1% to X tons in 2022. In general, exports showed a slight descent. The growth pace was the most rapid in 2018 when exports increased by 20% against the previous year. As a result, the exports attained the peak of X tons. From 2019 to 2022, the growth of the exports remained at a lower figure.

In value terms, aluminium hydroxide exports rose rapidly to $X in 2022. The total export value increased at an average annual rate of +2.2% from 2012 to 2022; the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The growth pace was the most rapid in 2018 when exports increased by 39% against the previous year. As a result, the exports reached the peak of $X. From 2019 to 2022, the growth of the exports remained at a somewhat lower figure.

Exports by Country

Australia (X tons) and China (X tons) dominates exports structure, together generating 79% of total exports. India (X tons) ranks next in terms of the total exports with a 5.1% share, followed by Indonesia (4.9%) and South Korea (4.9%). Vietnam (X tons) and Japan (X tons) held a minor share of total exports.

From 2012 to 2022, the most notable rate of growth in terms of shipments, amongst the main exporting countries, was attained by Indonesia (with a CAGR of +66.4%), while the other leaders experienced more modest paces of growth.

In value terms, China ($X), Australia ($X) and South Korea ($X) appeared to be the countries with the highest levels of exports in 2022, together accounting for 80% of total exports. Japan, Vietnam, India and Indonesia lagged somewhat behind, together comprising a further 19%.

In terms of the main exporting countries, Indonesia, with a CAGR of +60.7%, saw the highest growth rate of 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

The export price in Asia-Pacific stood at $X per ton in 2022, picking up by 12% against the previous year. Over the period from 2012 to 2022, it increased at an average annual rate of +3.6%. The most prominent rate of growth was recorded in 2018 when the export price increased by 15%. The level of export peaked in 2022 and is expected to retain growth in the immediate term.

There were significant differences in the average prices amongst the major exporting countries. In 2022, amid the top suppliers, the country with the highest price was Japan ($X per ton), while Indonesia ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Japan (+9.0%), while the other leaders experienced more modest paces of growth.

Aluminium Hydroxide Imports

Imports in Asia-Pacific

In 2022, approx. X tons of aluminium hydroxide were imported in Asia-Pacific; flattening at 2021. The total import volume increased at an average annual rate of +1.7% over the period from 2012 to 2022; the trend pattern remained consistent, with only minor fluctuations being recorded in certain years. The growth pace was the most rapid in 2014 with an increase of 20% against the previous year. Over the period under review, imports attained the maximum at X tons in 2018; however, from 2019 to 2022, imports stood at a somewhat lower figure.

In value terms, aluminium hydroxide imports stood at $X in 2022. The total import value increased at an average annual rate of +4.4% over the period from 2012 to 2022; the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The pace of growth appeared the most rapid in 2018 with an increase of 23% against the previous year. The level of import peaked in 2022 and is likely to continue growth in the immediate term.

Imports by Country

Japan represented the main importing country with an import of about X tons, which finished at 52% of total imports. It was distantly followed by South Korea (X tons) and Thailand (X tons), together mixing up a 29% share of total imports. Malaysia (X tons), Taiwan (Chinese) (X tons), China (X tons) and India (X tons) held a relatively small share of total imports.

From 2012 to 2022, average annual rates of growth with regard to aluminium hydroxide imports into Japan stood at +1.6%. At the same time, India (+14.1%), China (+7.3%), Taiwan (Chinese) (+4.3%) and South Korea (+3.4%) displayed positive paces of growth. Moreover, India emerged as the fastest-growing importer imported in Asia-Pacific, with a CAGR of +14.1% from 2012-2022. Malaysia and Thailand experienced a relatively flat trend pattern. From 2012 to 2022, the share of South Korea and India increased by +3.6 and +1.7 percentage points, while the shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, the largest aluminium hydroxide importing markets in Asia-Pacific were Japan ($X), South Korea ($X) and China ($X), together accounting for 76% of total imports. India, Thailand, Taiwan (Chinese) and Malaysia lagged somewhat behind, together accounting for a further 17%.

Among the main importing countries, India, with a CAGR of +13.2%, recorded the highest rates of growth with regard to the value of imports, over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

In 2022, the import price in Asia-Pacific amounted to $X per ton, surging by 12% against the previous year. Over the period from 2012 to 2022, it increased at an average annual rate of +2.6%. The pace of growth appeared the most rapid in 2021 an increase of 18% against the previous year. Over the period under review, import prices attained the maximum in 2022 and is expected to retain growth in the near future.

There were significant differences in the average prices amongst the major importing countries. In 2022, amid the top importers, the country with the highest price was China ($X per ton), while Japan ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Malaysia (+3.0%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform

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