Australia: Alumina Market 2024

Alumina Market Size in Australia

After three years of decline, the Australian alumina market increased by 31% to $X in 2022. Over the period under review, consumption saw a temperate expansion. As a result, consumption attained the peak level of $X. From 2019 to 2022, the growth of the market remained at a somewhat lower figure.

Alumina Production in Australia

In value terms, alumina production dropped to $X in 2022 estimated in export price. Over the period under review, production saw a relatively flat trend pattern. The most prominent rate of growth was recorded in 2017 with an increase of 35% against the previous year. Over the period under review, production hit record highs at $X in 2018; however, from 2019 to 2022, production failed to regain momentum.

Alumina Exports

Exports from Australia

In 2022, approx. X tons of alumina were exported from Australia; which is down by -6.7% against the year before. Over the period under review, exports showed a relatively flat trend pattern. The most prominent rate of growth was recorded in 2021 when exports increased by 903%. As a result, the exports reached the peak of X tons, and then shrank in the following year.

In value terms, alumina exports amounted to $X in 2022. In general, exports, however, enjoyed a modest expansion. The most prominent rate of growth was recorded in 2021 when exports increased by 1,074%. Over the period under review, the exports reached the maximum in 2022 and are likely to see steady growth in the immediate term.

Exports by Country

The United Arab Emirates (X tons) was the main destination for alumina exports from Australia, with a 53% share of total exports. Moreover, alumina exports to the United Arab Emirates exceeded the volume sent to the second major destination, South Africa (X tons), fourfold. Oman (X tons) ranked third in terms of total exports with a 14% share.

From 2012 to 2022, the average annual growth rate of volume to the United Arab Emirates stood at +14.3%. Exports to the other major destinations recorded the following average annual rates of exports growth: South Africa (+39.5% per year) and Oman (+23.7% per year).

In value terms, the United Arab Emirates ($X) remains the key foreign market for alumina exports from Australia, comprising 56% of total exports. The second position in the ranking was taken by South Africa ($X), with a 14% share of total exports. It was followed by Oman, with a 13% share.

From 2012 to 2022, the average annual rate of growth in terms of value to the United Arab Emirates amounted to +16.9%. Exports to the other major destinations recorded the following average annual rates of exports growth: South Africa (+42.3% per year) and Oman (+18.5% per year).

Export Prices by Country

In 2022, the average alumina export price amounted to $X per ton, rising by 14% against the previous year. In general, export price indicated a noticeable increase from 2012 to 2022: its price increased at an average annual rate of +2.2% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, alumina export price increased by +33.1% against 2020 indices. The growth pace was the most rapid in 2018 an increase of 42% against the previous year. As a result, the export price attained the peak level of $X per ton. From 2019 to 2022, the average export prices remained at a lower figure.

Average prices varied noticeably for the major external markets. In 2022, amid the top suppliers, the highest price was recorded for prices to the United Arab Emirates ($X per ton) and Oman ($X per ton), while the average price for exports to Mozambique ($X per ton) and South Africa ($X per ton) were amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Iceland (+34.4%), while the prices for the other major destinations experienced more modest paces of growth.

Alumina Imports

Imports into Australia

In 2022, approx. X tons of alumina were imported into Australia; rising by 103% compared with the year before. Over the period under review, imports showed measured growth. As a result, imports reached the peak and are likely to continue growth in the immediate term.

In value terms, alumina imports surged to $X in 2022. Overall, imports saw a relatively flat trend pattern. Over the period under review, imports reached the maximum at $X in 2014; however, from 2015 to 2022, imports failed to regain momentum.

Imports by Country

In 2022, China (X tons) constituted the largest supplier of alumina to Australia, with a 50% share of total imports. Moreover, alumina imports from China exceeded the figures recorded by the second-largest supplier, Germany (X tons), threefold. France (X tons) ranked third in terms of total imports with a 12% share.

From 2012 to 2022, the average annual rate of growth in terms of volume from China totaled +7.8%. The remaining supplying countries recorded the following average annual rates of imports growth: Germany (+5.0% per year) and France (+5.5% per year).

In value terms, China ($X) constituted the largest supplier of alumina to Australia, comprising 38% of total imports. The second position in the ranking was held by Germany ($X), with an 18% share of total imports. It was followed by the United States, with a 14% share.

From 2012 to 2022, the average annual growth rate of value from China totaled +5.4%. The remaining supplying countries recorded the following average annual rates of imports growth: Germany (+3.1% per year) and the United States (-9.2% per year).

Import Prices by Country

The average alumina import price stood at $X per ton in 2022, dropping by -12.7% against the previous year. Overall, the import price saw a perceptible curtailment. The pace of growth appeared the most rapid in 2018 when the average import price increased by 38%. As a result, import price attained the peak level of $X per ton. From 2019 to 2022, the average import prices failed to regain momentum.

There were significant differences in the average prices amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was Malaysia ($X per ton), while the price for India ($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 (+11.0%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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