Eastern Asia: Aluminium Hydroxide Market 2024

Aluminium Hydroxide Market Size in Eastern Asia

The East Asian aluminium hydroxide market was estimated at $X in 2022, picking up by 6% against the previous year. The total consumption indicated a strong expansion from 2012 to 2022: its value increased at an average annual rate of +5.8% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, consumption increased by +75.8% against 2012 indices. The level of consumption peaked in 2022 and is expected to retain growth in years to come.

Aluminium Hydroxide Production in Eastern Asia

In value terms, aluminium hydroxide production totaled $X in 2022 estimated in export price. The total production indicated resilient growth from 2012 to 2022: its value increased at an average annual rate of +5.9% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, production decreased by -4.4% against 2020 indices. The most prominent rate of growth was recorded in 2014 with an increase of 23% against the previous year. Over the period under review, production attained the peak level at $X in 2020; however, from 2021 to 2022, production remained at a lower figure.

Aluminium Hydroxide Exports

Exports in Eastern Asia

After two years of decline, overseas shipments of aluminium hydroxide increased by 2.3% to X tons in 2022. The total export volume increased at an average annual rate of +2.0% from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The pace of growth appeared the most rapid in 2018 when exports increased by 23% against the previous year. The volume of export peaked at X tons in 2019; however, from 2020 to 2022, the exports stood at a somewhat lower figure.

In value terms, aluminium hydroxide exports reached $X in 2022. Total exports indicated a pronounced expansion from 2012 to 2022: its value increased at an average annual rate of +4.8% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, exports decreased by -9.5% against 2020 indices. The growth pace was the most rapid in 2018 when exports increased by 25%. Over the period under review, the exports hit record highs at $X in 2020; however, from 2021 to 2022, the exports failed to regain momentum.

Exports by Country

In 2022, China (X tons) represented the main exporter of aluminium hydroxide, achieving 83% of total exports. South Korea (X tons) held the second position in the ranking, distantly followed by Japan (X tons). All these countries together held approx. 17% share of total exports.

China was also the fastest-growing in terms of the aluminium hydroxide exports, with a CAGR of +6.0% from 2012 to 2022. South Korea experienced a relatively flat trend pattern. Japan (-14.6%) illustrated a downward trend over the same period. China (+27 p.p.) significantly strengthened its position in terms of the total exports, while South Korea and Japan saw its share reduced by -2.6% and -23.9% from 2012 to 2022, respectively.

In value terms, China ($X) remains the largest aluminium hydroxide supplier in Eastern Asia, comprising 77% of total exports. The second position in the ranking was held by South Korea ($X), with a 12% share of total exports.

From 2012 to 2022, the average annual growth rate of value in China stood at +8.5%. The remaining exporting countries recorded the following average annual rates of exports growth: South Korea (+5.5% per year) and Japan (-6.9% per year).

Export Prices by Country

The export price in Eastern Asia stood at $X per ton in 2022, stabilizing at the previous year. Over the period from 2012 to 2022, it increased at an average annual rate of +2.7%. The pace of growth was the most pronounced in 2020 when the export price increased by 17% against the previous year. The level of export peaked at $X per ton in 2021, and then dropped slightly in the following year.

There were significant differences in the average prices amongst the major exporting countries. In 2022, amid the top suppliers, the country with the highest price was Japan ($X per ton), while China ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Japan (+9.0%), while the other leaders experienced more modest paces of growth.

Aluminium Hydroxide Imports

Imports in Eastern Asia

In 2022, purchases abroad of aluminium hydroxide increased by 5.6% to X tons, rising for the second consecutive year after two years of decline. The total import volume increased at an average annual rate of +2.4% 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 2014 with an increase of 29% against the previous year. Over the period under review, imports reached the peak figure at X tons in 2018; however, from 2019 to 2022, imports stood at a somewhat lower figure.

In value terms, aluminium hydroxide imports skyrocketed to $X in 2022. Total imports indicated a notable increase from 2012 to 2022: its value increased at an average annual rate of +4.8% 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 +46.9% against 2020 indices. The most prominent rate of growth was recorded in 2021 with an increase of 27%. The level of import peaked in 2022 and is expected to retain growth in the immediate term.

Imports by Country

Japan was the main importer of aluminium hydroxide in Eastern Asia, with the volume of imports accounting for X tons, which was approx. 63% of total imports in 2022. South Korea (X tons) took the second position in the ranking, distantly followed by Taiwan (Chinese) (X tons). All these countries together took near 33% share of total imports. China (X tons) held a little share of total imports.

From 2012 to 2022, average annual rates of growth with regard to aluminium hydroxide imports into Japan stood at +1.6%. At the same time, China (+7.3%), Taiwan (Chinese) (+4.3%) and South Korea (+3.4%) displayed positive paces of growth. Moreover, China emerged as the fastest-growing importer imported in Eastern Asia, with a CAGR of +7.3% from 2012-2022. While the share of South Korea (+2.7 p.p.) increased significantly in terms of the total imports from 2012-2022, the share of Japan (-4.9 p.p.) displayed negative dynamics. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, the largest aluminium hydroxide importing markets in Eastern Asia were Japan ($X), South Korea ($X) and China ($X), with a combined 95% share of total imports.

In terms of the main importing countries, China, with a CAGR of +9.9%, saw the highest growth rate of the value of imports, over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

The import price in Eastern Asia stood at $X per ton in 2022, growing by 9.3% against the previous year. Over the period from 2012 to 2022, it increased at an average annual rate of +2.4%. The most prominent rate of growth was recorded in 2021 an increase of 24%. Over the period under review, import prices reached the peak figure in 2022 and is likely to see steady growth in years to come.

There were significant differences in the average prices amongst the major importing countries. In 2022, amid the top importers, the country with the highest price was China ($X per ton), while Japan ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Japan (+2.6%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform

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