India: Alumina Market 2024

Alumina Market Size in India

The Indian alumina market expanded markedly to $X in 2022, growing by 7.4% against the previous year. Over the period under review, consumption continues to indicate a strong expansion. Alumina consumption peaked in 2022 and is expected to retain growth in years to come.

Alumina Production in India

In value terms, alumina production reached $X in 2022 estimated in export price. In general, production, however, recorded strong growth. The pace of growth appeared the most rapid in 2014 with an increase of 10%. Over the period under review, production hit record highs at $X in 2020; however, from 2021 to 2022, production failed to regain momentum.

Alumina Exports

Exports from India

In 2022, shipments abroad of alumina increased by 39% to X tons, rising for the second year in a row after two years of decline. Over the period under review, total exports indicated a remarkable increase from 2012 to 2022: its volume increased at an average annual rate of +7.1% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, exports increased by +66.7% against 2020 indices. As a result, the exports reached the peak and are likely to continue growth in the immediate term.

In value terms, alumina exports surged to $X in 2022. Overall, exports recorded a buoyant increase. The growth pace was the most rapid in 2021 when exports increased by 52% against the previous year. The exports peaked in 2022 and are likely to continue growth in the immediate term.

Exports by Country

The United Arab Emirates (X tons), Malaysia (X tons) and China (X tons) were the main destinations of alumina exports from India, with a combined 56% share of total exports. These countries were followed by Egypt, the UK, Iran and the Netherlands, which together accounted for a further 28%.

From 2012 to 2022, the biggest increases were recorded for the Netherlands (with a CAGR of +92.7%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, the United Arab Emirates ($X), China ($X) and Malaysia ($X) appeared to be the largest markets for alumina exported from India worldwide, with a combined 54% share of total exports.

Malaysia, with a CAGR of +78.3%, recorded the highest growth rate of the value of exports, among the main countries of destination over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

The average alumina export price stood at $X per ton in 2022, rising by 1.9% against the previous year. In general, export price indicated a mild expansion from 2012 to 2022: its price increased at an average annual rate of +1.8% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, alumina export price increased by +29.7% against 2020 indices. The growth pace was the most rapid in 2018 an increase of 41% against the previous year. As a result, the export price attained the peak level of $X per ton. From 2019 to 2022, the average 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 Iran ($X per ton), while the average price for exports to the UK ($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 Bahrain (+9.0%), while the prices for the other major destinations experienced more modest paces of growth.

Alumina Imports

Imports into India

In 2022, overseas purchases of alumina increased by 38% to X tons, rising for the second consecutive year after two years of decline. Over the period under review, imports continue to indicate a buoyant increase. The pace of growth was the most pronounced in 2013 with an increase of 83% against the previous year. Over the period under review, imports hit record highs in 2022 and are likely to see gradual growth in years to come.

In value terms, alumina imports skyrocketed to $X in 2022. In general, imports continue to indicate strong growth. The pace of growth was the most pronounced in 2017 when imports increased by 98% against the previous year. Over the period under review, imports hit record highs at $X in 2018; however, from 2019 to 2022, imports failed to regain momentum.

Imports by Country

Australia (X tons), Vietnam (X tons) and Indonesia (X tons) were the main suppliers of alumina imports to India, with a combined 90% share of total imports. These countries were followed by China, Bahrain and the Netherlands, which together accounted for a further 7%.

From 2012 to 2022, the biggest increases were recorded for Bahrain (with a CAGR of +179.2%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, the largest alumina suppliers to India were Australia ($X), Vietnam ($X) and Indonesia ($X), together comprising 83% of total imports. These countries were followed by China, the Netherlands and Bahrain, which together accounted for a further 10%.

Bahrain, with a CAGR of +159.8%, recorded the highest growth rate of the value of imports, in terms of the main suppliers over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

The average alumina import price stood at $X per ton in 2022, reducing by -11.8% against the previous year. In general, the import price saw a slight slump. The most prominent rate of growth was recorded in 2018 an increase of 31% 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 remained at a somewhat lower figure.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was China ($X per ton), while the price for Bahrain ($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 Netherlands (-0.4%), while the prices for the other major suppliers experienced a decline.

Source: IndexBox Platform

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