Canada: Alumina Market 2024

Alumina Market Size in Canada

In 2022, the Canadian alumina market increased by 11% to $X, rising for the second consecutive year after two years of decline. The market value increased at an average annual rate of +2.5% over the period from 2012 to 2022; the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. Over the period under review, the market hit record highs at $X in 2018; however, from 2019 to 2022, consumption remained at a lower figure.

Alumina Production in Canada

In value terms, alumina production declined to $X in 2022 estimated in export price. In general, production continues to indicate a slight increase. The pace of growth was the most pronounced in 2015 when the production volume increased by 57% against the previous year. Alumina production peaked at $X in 2019; however, from 2020 to 2022, production remained at a lower figure.

Alumina Exports

Exports from Canada

Alumina exports from Canada fell to X tons in 2022, with a decrease of -3.8% on 2021 figures. In general, exports, however, saw a relatively flat trend pattern. The most prominent rate of growth was recorded in 2019 with an increase of 44% against the previous year. As a result, the exports attained the peak of X tons. From 2020 to 2022, the growth of the exports remained at a lower figure.

In value terms, alumina exports dropped to $X in 2022. Over the period under review, exports, however, posted a perceptible expansion. The growth pace was the most rapid in 2017 when exports increased by 27% against the previous year. As a result, the exports reached the peak of $X. From 2018 to 2022, the growth of the exports failed to regain momentum.

Exports by Country

The United States (X tons) was the main destination for alumina exports from Canada, with a 65% share of total exports. Moreover, alumina exports to the United States exceeded the volume sent to the second major destination, India (X tons), fivefold. France (X tons) ranked third in terms of total exports with a 3.8% share.

From 2012 to 2022, the average annual rate of growth in terms of volume to the United States stood at +1.8%. Exports to the other major destinations recorded the following average annual rates of exports growth: India (+0.8% per year) and France (+6.8% per year).

In value terms, the largest markets for alumina exported from Canada were the United States ($X), India ($X) and France ($X), with a combined 68% share of total exports.

Among the main countries of destination, France, with a CAGR of +7.7%, saw 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 alumina export price amounted to $X per ton, dropping by -2.2% against the previous year. Over the period from 2012 to 2022, it increased at an average annual rate of +1.2%. The most prominent rate of growth was recorded in 2021 an increase of 13%. The export price peaked at $X per ton in 2017; however, from 2018 to 2022, the export prices remained at a lower figure.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was South Korea ($X per ton), while the average price for exports to the United States ($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 (+5.3%), while the prices for the other major destinations experienced more modest paces of growth.

Alumina Imports

Imports into Canada

In 2022, the amount of alumina imported into Canada dropped slightly to X tons, waning by -4.3% compared with 2021 figures. The total import volume increased at an average annual rate of +1.3% over the period from 2012 to 2022; the trend pattern remained consistent, with only minor fluctuations being recorded throughout the analyzed period. The most prominent rate of growth was recorded in 2020 with an increase of 23% against the previous year. As a result, imports reached the peak of X tons. From 2021 to 2022, the growth of imports remained at a somewhat lower figure.

In value terms, alumina imports rose markedly to $X in 2022. In general, total imports indicated a noticeable expansion from 2012 to 2022: its value increased at an average annual rate of +3.2% 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 +29.8% against 2020 indices. The pace of growth appeared the most rapid in 2017 with an increase of 37% against the previous year. Over the period under review, imports reached the maximum at $X in 2018; however, from 2019 to 2022, imports failed to regain momentum.

Imports by Country

In 2022, Brazil (X tons) constituted the largest alumina supplier to Canada, with a 84% share of total imports. Moreover, alumina imports from Brazil exceeded the figures recorded by the second-largest supplier, Australia (X tons), sixfold. The third position in this ranking was held by Jamaica (X tons), with a 1.8% share.

From 2012 to 2022, the average annual growth rate of volume from Brazil amounted to +4.3%. The remaining supplying countries recorded the following average annual rates of imports growth: Australia (+11.5% per year) and Jamaica (-8.3% per year).

In value terms, Brazil ($X) constituted the largest supplier of alumina to Canada, comprising 81% of total imports. The second position in the ranking was held by Australia ($X), with a 14% share of total imports. It was followed by the United States, with a 2% share.

From 2012 to 2022, the average annual growth rate of value from Brazil stood at +6.0%. The remaining supplying countries recorded the following average annual rates of imports growth: Australia (+14.4% per year) and the United States (-18.3% per year).

Import Prices by Country

The average alumina import price stood at $X per ton in 2022, with an increase of 19% against the previous year. In general, import price indicated a modest increase from 2012 to 2022: its price increased at an average annual rate of +1.9% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, alumina import price increased by +40.5% against 2020 indices. The pace of growth was the most pronounced in 2018 when the average import price increased by 37% against the previous year. As a result, import price reached 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 the United States ($X per ton), while the price for Jamaica ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by the United States (+17.8%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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