Eastern Asia: Alumina Market 2020

Alumina Market Size in Eastern Asia

The East Asian alumina market contracted to $X in 2019, falling by -X% against the previous year. In general, consumption saw a perceptible contraction. The pace of growth was the most pronounced in 2012 with an increase of X% year-to-year. The level of consumption peaked at $X in 2007; however, from 2008 to 2019, consumption failed to regain the momentum.

Alumina Production in Eastern Asia

In value terms, alumina production fell to $X in 2019 estimated in export prices. Overall, production continues to indicate a precipitous decline. The most prominent rate of growth was recorded in 2012 when the production volume increased by X% y-o-y. The level of production peaked at $X in 2007; however, from 2008 to 2019, production stood at a somewhat lower figure.

Production By Country in Eastern Asia

China, Hong Kong SAR (X tons) remains the largest alumina producing country in Eastern Asia, accounting for X% of total volume.

In China, Hong Kong SAR, alumina production decreased by an average annual rate of -X% over the period from 2007-2019.

Alumina Exports

Exports in Eastern Asia

In 2019, shipments abroad of alumina decreased by -X% to X tons, falling for the third consecutive year after four years of growth. Over the period under review, exports recorded a relatively flat trend pattern. The most prominent rate of growth was recorded in 2014 with an increase of X% y-o-y. The volume of export peaked at X tons in 2016; however, from 2017 to 2019, exports remained at a lower figure.

In value terms, alumina exports rose slightly to $X in 2019. Total exports indicated a strong increase from 2007 to 2019: its value decreased at an average annual rate of -X% over the last twelve years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2019 figures, exports increased by +X% against 2017 indices. The most prominent rate of growth was recorded in 2010 with an increase of X% against the previous year. Over the period under review, exports hit record highs at $X in 2016; however, from 2017 to 2019, exports failed to regain the momentum.

Exports by Country

Japan (X tons) and China (X tons) represented roughly X% of total exports of alumina in 2019. South Korea (X tons) took a X% share (based on tons) of total exports, which put it in second place, followed by Taiwan, Chinese (X%).

From 2007 to 2019, the most notable rate of growth in terms of shipments, amongst the key exporting countries, was attained by Taiwan, Chinese, while exports for the other leaders experienced more modest paces of growth.

In value terms, Japan ($X) remains the largest alumina supplier in Eastern Asia, comprising X% of total exports. The second position in the ranking was occupied by China ($X), with a X% share of total exports. It was followed by South Korea, with a X% share.

In Japan, alumina exports increased at an average annual rate of +X% over the period from 2007-2019. In the other countries, the average annual rates were as follows: China (+X% per year) and South Korea (+X% per year).

Export Prices by Country

In 2019, the alumina export price in Eastern Asia amounted to $X per ton, growing by X% against the previous year. Export price indicated resilient growth from 2007 to 2019: its price increased at an average annual rate of +X% over the last twelve-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2019 figures, alumina export price increased by +X% against 2016 indices. The growth pace was the most rapid in 2008 an increase of X% year-to-year. The level of export peaked in 2019 and is expected to retain growth in the immediate term.

Prices varied noticeably by the country of origin; the country with the highest price was Japan ($X per ton), while Taiwan, Chinese ($X per ton) was amongst the lowest.

From 2007 to 2019, the most notable rate of growth in terms of prices was attained by Japan, while the other leaders experienced more modest paces of growth.

Alumina Imports

Imports in Eastern Asia

In 2019, approx. X tons of alumina were imported in Eastern Asia; waning by -X% on the previous year's figure. Overall, imports recorded a perceptible descent. The pace of growth was the most pronounced in 2012 with an increase of X% against the previous year. Over the period under review, imports hit record highs at X tons in 2014; however, from 2015 to 2019, imports stood at a somewhat lower figure.

In value terms, alumina imports shrank slightly to $X in 2019. Over the period under review, imports continue to indicate a noticeable contraction. The pace of growth appeared the most rapid in 2012 when imports increased by X% against the previous year. The level of import peaked at $X in 2014; however, from 2015 to 2019, imports stood at a somewhat lower figure.

Imports by Country

China prevails in alumina imports structure, resulting at X tons, which was approx. X% of total imports in 2019. South Korea (X tons) occupied a X% share (based on tons) of total imports, which put it in second place, followed by Japan (X%). Taiwan, Chinese (X tons) held a little share of total imports.

Imports into China decreased at an average annual rate of -X% from 2007 to 2019. At the same time, Japan (+X%), South Korea (+X%) and Taiwan, Chinese (+X%) displayed positive paces of growth. Moreover, Japan emerged as the fastest-growing importer imported in Eastern Asia, with a CAGR of +X% from 2007-2019. From 2007 to 2019, the share of Japan and South Korea increased by +X% and +X% percentage points, while China (-X p.p.) saw their share reduced. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, China ($X) constitutes the largest market for imported alumina in Eastern Asia, comprising X% of total imports. The second position in the ranking was occupied by South Korea ($X), with a X% share of total imports. It was followed by Japan, with a X% share.

In China, alumina imports decreased by an average annual rate of -X% over the period from 2007-2019. In the other countries, the average annual rates were as follows: South Korea (+X% per year) and Japan (+X% per year).

Import Prices by Country

In 2019, the alumina import price in Eastern Asia amounted to $X per ton, with an increase of X% against the previous year. Over the last twelve years, it increased at an average annual rate of +X%. The pace of growth was the most pronounced in 2011 when the import price increased by X% year-to-year. As a result, import price attained the peak level of $X per ton. From 2012 to 2019, the growth in terms of the import prices remained at a lower figure.

Prices varied noticeably by the country of destination; the country with the highest price was South Korea ($X per ton), while China ($X per ton) was amongst the lowest.

From 2007 to 2019, the most notable rate of growth in terms of prices was attained by South Korea, while the other leaders experienced mixed trends in the import price figures.

Source: IndexBox Platform

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