Eastern Asia: Alumina Market 2022

Alumina Market Size in Eastern Asia

In 2021, the East Asian alumina market decreased by -X% to $X for the first time since 2018, thus ending a two-year rising trend. The total consumption indicated temperate growth from 2012 to 2021: its value increased at an average annual rate of +X% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, consumption increased by +X% against 2018 indices. Over the period under review, the market hit record highs at $X in 2017; however, from 2018 to 2021, consumption remained at a lower figure.

Alumina Production in Eastern Asia

In value terms, alumina production reduced modestly to $X in 2021 estimated in export price. Overall, production enjoyed noticeable growth. The growth pace was the most rapid in 2014 when the production volume increased by X% against the previous year. Over the period under review, production hit record highs at $X in 2017; however, from 2018 to 2021, production remained at a lower figure.

Alumina Exports

Exports in Eastern Asia

In 2021, overseas shipments of alumina were finally on the rise to reach X tons after two years of decline. Over the period under review, exports showed a remarkable increase. The most prominent rate of growth was recorded in 2018 with an increase of X%. As a result, the exports attained the peak of X tons. From 2019 to 2021, the growth of the exports remained at a lower figure.

In value terms, alumina exports surged to $X in 2021. Overall, exports enjoyed prominent growth. The pace of growth appeared the most rapid in 2018 when exports increased by X%. As a result, the exports attained the peak of $X. From 2019 to 2021, the growth of the exports remained at a somewhat lower figure.

Exports by Country

China represented the main exporter of alumina in Eastern Asia, with the volume of exports amounting to X tons, which was near X% of total exports in 2021. Japan (X tons) ranks second in terms of the total exports with a X% share, followed by South Korea (X%).

From 2012 to 2021, the most notable rate of growth in terms of shipments, amongst the key exporting countries, was attained by China (with a CAGR of +X%), while the other leaders experienced mixed trends in the exports figures.

In value terms, the largest alumina supplying countries in Eastern Asia were Japan ($X), China ($X) and South Korea ($X), with a combined X% share of total exports.

Among the main exporting countries, China, with a CAGR of +X%, recorded 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

The export price in Eastern Asia stood at $X per ton in 2021, therefore, remained relatively stable against the previous year. In general, the export price, however, saw a relatively flat trend pattern. The pace of growth was the most pronounced in 2016 an increase of X%. The level of export peaked at $X per ton in 2017; however, from 2018 to 2021, the export prices failed to regain momentum.

Prices varied noticeably country of origin: the country with the highest price was Japan ($X per ton), while China ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Japan (+X%), while the other leaders experienced mixed trends in the export price figures.

Alumina Imports

Imports in Eastern Asia

After two years of growth, overseas purchases of alumina decreased by -X% to X tons in 2021. Overall, imports recorded a pronounced descent. The most prominent rate of growth was recorded in 2019 when imports increased by X% against the previous year. Over the period under review, imports hit record highs at X tons in 2014; however, from 2015 to 2021, imports remained at a lower figure.

In value terms, alumina imports expanded markedly to $X in 2021. Over the period under review, imports showed a noticeable descent. The most prominent rate of growth was recorded in 2020 when imports increased by X%. Over the period under review, imports reached the peak figure at $X in 2014; however, from 2015 to 2021, imports stood at a somewhat lower figure.

Imports by Country

China prevails in imports structure, recording X tons, which was near X% of total imports in 2021. South Korea (X tons), Japan (X tons) and Taiwan (Chinese) (X tons) took a minor share of total imports.

Imports into China decreased at an average annual rate of -X% from 2012 to 2021. At the same time, South Korea (+X%), Japan (+X%) and Taiwan (Chinese) (+X%) displayed positive paces of growth. Moreover, South Korea emerged as the fastest-growing importer imported in Eastern Asia, with a CAGR of +X% from 2012-2021. While the share of South Korea (+X p.p.) and Japan (+X p.p.) increased significantly in terms of the total imports from 2012-2021, the share of China (-X p.p.) displayed negative dynamics. The shares of the other countries remained relatively stable throughout the analyzed period.

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

From 2012 to 2021, the average annual rate of growth in terms of value in China totaled -X%. 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 2021, the import price in Eastern Asia amounted to $X per ton, growing by X% against the previous year. Import price indicated a slight increase from 2012 to 2021: its price increased at an average annual rate of +X% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, alumina import price decreased by -X% against 2018 indices. The pace of growth appeared the most rapid in 2018 an increase of X% against the previous year. As a result, import price reached the peak level of $X per ton. From 2019 to 2021, the import prices remained at a somewhat lower figure.

Prices varied noticeably 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 2012 to 2021, the most notable rate of growth in terms of prices was attained by China (+X%), while the other leaders experienced a decline in the import price figures.

Source: IndexBox Platform

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