Brazil: Bauxite Market 2024

Bauxite Market Size in Brazil

The Brazilian bauxite market rose notably to $X in 2022, surging by 6.5% against the previous year. Overall, the total consumption indicated perceptible growth from 2012 to 2022: its value increased at an average annual rate of +2.0% 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 -1.7% against 2020 indices. As a result, consumption attained the peak level of $X; afterwards, it flattened through to 2022.

Bauxite Production in Brazil

In value terms, bauxite production stood at $X in 2022 estimated in export price. The total output value increased at an average annual rate of +1.5% from 2012 to 2022; the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The most prominent rate of growth was recorded in 2015 when the production volume increased by 14%. Bauxite production peaked at $X in 2020; afterwards, it flattened through to 2022.

Bauxite Exports

Exports from Brazil

In 2022, approx. X tons of bauxite were exported from Brazil; declining by -24.2% compared with 2021. Over the period under review, exports recorded a pronounced shrinkage. The most prominent rate of growth was recorded in 2015 with an increase of 25% against the previous year. The exports peaked at X tons in 2016; however, from 2017 to 2022, the exports failed to regain momentum.

In value terms, bauxite exports contracted to $X in 2022. In general, exports showed a deep reduction. The most prominent rate of growth was recorded in 2018 with an increase of 13% against the previous year. Over the period under review, the exports reached the peak figure at $X in 2013; however, from 2014 to 2022, the exports stood at a somewhat lower figure.

Exports by Country

Canada (X tons) was the main destination for bauxite exports from Brazil, with a 55% share of total exports. Moreover, bauxite exports to Canada exceeded the volume sent to the second major destination, Ireland (X tons), twofold. Greece (X tons) ranked third in terms of total exports with a 13% share.

From 2012 to 2022, the average annual growth rate of volume to Canada amounted to +2.6%. Exports to the other major destinations recorded the following average annual rates of exports growth: Ireland (-4.7% per year) and Greece (+4.6% per year).

In value terms, Canada ($X) remains the key foreign market for bauxite exports from Brazil, comprising 49% of total exports. The second position in the ranking was taken by Ireland ($X), with a 19% share of total exports. It was followed by Greece, with an 11% share.

From 2012 to 2022, the average annual rate of growth in terms of value to Canada stood at +3.7%. Exports to the other major destinations recorded the following average annual rates of exports growth: Ireland (-4.1% per year) and Greece (+7.2% per year).

Export Prices by Country

In 2022, the average bauxite export price amounted to $X per ton, growing by 21% against the previous year. Overall, the export price, however, saw a mild downturn. Over the period under review, the average export prices hit record highs at $X per ton in 2012; however, from 2013 to 2022, the export prices remained at a lower figure.

There were significant differences in the average prices for the major external markets. In 2022, amid the top suppliers, the country with the highest price was the United States ($X per ton), while the average price for exports to Ukraine ($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 the United States (+10.8%), while the prices for the other major destinations experienced more modest paces of growth.

Bauxite Imports

Imports into Brazil

In 2022, overseas purchases of bauxite decreased by -88% to X tons, falling for the second year in a row after two years of growth. In general, imports continue to indicate a precipitous shrinkage. The pace of growth appeared the most rapid in 2016 when imports increased by 1,666%. Over the period under review, imports attained the maximum at X tons in 2020; however, from 2021 to 2022, imports stood at a somewhat lower figure.

In value terms, bauxite imports dropped remarkably to $X in 2022. Overall, imports showed a drastic downturn. The most prominent rate of growth was recorded in 2016 with an increase of 208%. Over the period under review, imports hit record highs at $X in 2020; however, from 2021 to 2022, imports stood at a somewhat lower figure.

Imports by Country

China (X tons), Guyana (X tons) and Hong Kong SAR (X tons) were the main suppliers of bauxite imports to Brazil, together comprising 89% of total imports. These countries were followed by Spain, which accounted for a further 11%.

From 2012 to 2022, the biggest increases were recorded for Spain (with a CAGR of +73.6%), while purchases for the other leaders experienced mixed trend patterns.

In value terms, Guyana ($X), China ($X) and Spain ($X) appeared to be the largest bauxite suppliers to Brazil, together comprising 85% of total imports.

In terms of the main suppliers, Spain, with a CAGR of +77.6%, saw the highest rates of growth with regard to the value of imports, over the period under review, while purchases for the other leaders experienced mixed trend patterns.

Import Prices by Country

In 2022, the average bauxite import price amounted to $X per ton, with an increase of 411% against the previous year. In general, the import price continues to indicate significant growth. The most prominent rate of growth was recorded in 2013 an increase of 674% against the previous year. As a result, import price reached the peak level of $X per ton. From 2014 to 2022, the average import prices remained at a somewhat lower figure.

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

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Guyana (+45.0%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :