CIS: Aluminium Hydroxide Market 2024

Aluminium Hydroxide Market Size in CIS

The CIS aluminium hydroxide market declined to $X in 2022, waning by -7.2% against the previous year. The market value increased at an average annual rate of +2.2% over the period from 2012 to 2022; the trend pattern indicated some noticeable fluctuations being recorded in certain years. As a result, consumption attained the peak level of $X. From 2020 to 2022, the growth of the market remained at a lower figure.

Aluminium Hydroxide Production in CIS

In value terms, aluminium hydroxide production contracted to $X in 2022 estimated in export price. The total output value increased at an average annual rate of +3.5% over the period from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The most prominent rate of growth was recorded in 2019 with an increase of 15%. As a result, production reached the peak level of $X. From 2020 to 2022, production growth failed to regain momentum.

Aluminium Hydroxide Exports

Exports in CIS

In 2022, exports of aluminium hydroxide in the CIS declined to X tons, waning by -11.9% against the year before. Over the period under review, exports, however, showed significant growth. The pace of growth appeared the most rapid in 2015 with an increase of 563%. The volume of export peaked at X tons in 2018; however, from 2019 to 2022, the exports remained at a lower figure.

In value terms, aluminium hydroxide exports declined to $X in 2022. Overall, exports, however, saw a significant expansion. The most prominent rate of growth was recorded in 2018 with an increase of 166%. As a result, the exports attained the peak of $X. From 2019 to 2022, the growth of the exports failed to regain momentum.

Exports by Country

In 2022, Russia (X tons) represented the key exporter of aluminium hydroxide in the CIS, creating 100% of total export.

Russia was also the fastest-growing in terms of the aluminium hydroxide exports, with a CAGR of +45.8% from 2012 to 2022. While the share of Russia (+37 p.p.) increased significantly, the shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Russia ($X) also remains the largest aluminium hydroxide supplier in the CIS.

From 2012 to 2022, the average annual growth rate of value in Russia stood at +30.7%.

Export Prices by Country

The export price in the CIS stood at $X per ton in 2022, surging by 3.8% against the previous year. Over the period under review, the export price, however, saw a deep contraction. The most prominent rate of growth was recorded in 2019 an increase of 41%. The level of export peaked at $X per ton in 2012; however, from 2013 to 2022, the export prices remained at a lower figure.

As there is only one major export destination, the average price level is determined by prices for Russia.

From 2012 to 2022, the rate of growth in terms of prices for Russia amounted to -10.4% per year.

Aluminium Hydroxide Imports

Imports in CIS

In 2022, purchases abroad of aluminium hydroxide decreased by -14.4% to X tons, falling for the sixth consecutive year after two years of growth. In general, imports continue to indicate a deep contraction. The most prominent rate of growth was recorded in 2016 when imports increased by 28%. The volume of import peaked at X tons in 2012; however, from 2013 to 2022, imports failed to regain momentum.

In value terms, aluminium hydroxide imports reduced modestly to $X in 2022. Overall, imports recorded a abrupt decrease. The most prominent rate of growth was recorded in 2016 when imports increased by 27%. The level of import peaked at $X in 2013; however, from 2014 to 2022, imports failed to regain momentum.

Imports by Country

Russia was the main importing country with an import of about X tons, which accounted for 73% of total imports. It was distantly followed by Belarus (X tons), making up a 22% share of total imports. Tajikistan (X tons) followed a long way behind the leaders.

Imports into Russia decreased at an average annual rate of -12.3% from 2012 to 2022. At the same time, Tajikistan (+10.6%) displayed positive paces of growth. Moreover, Tajikistan emerged as the fastest-growing importer imported in the CIS, with a CAGR of +10.6% from 2012-2022. By contrast, Belarus (-5.9%) illustrated a downward trend over the same period. While the share of Belarus (+9.1 p.p.) and Tajikistan (+1.6 p.p.) increased significantly in terms of the total imports from 2012-2022, the share of Russia (-13.5 p.p.) displayed negative dynamics.

In value terms, Russia ($X) constitutes the largest market for imported aluminium hydroxide in the CIS, comprising 72% of total imports. The second position in the ranking was held by Belarus ($X), with a 16% share of total imports.

From 2012 to 2022, the average annual growth rate of value in Russia totaled -9.3%. The remaining importing countries recorded the following average annual rates of imports growth: Belarus (-6.1% per year) and Tajikistan (+20.8% per year).

Import Prices by Country

In 2022, the import price in the CIS amounted to $X per ton, increasing by 11% against the previous year. Over the last decade, it increased at an average annual rate of +3.5%. The most prominent rate of growth was recorded in 2013 an increase of 27% against the previous year. Over the period under review, import prices reached the peak figure in 2022 and is expected to retain growth in the immediate term.

Prices varied noticeably by country of destination: amid the top importers, the country with the highest price was Tajikistan ($X per ton), while Belarus ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Tajikistan (+9.2%), while the other leaders experienced mixed trends in the import price figures.

Source: IndexBox Platform

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