Japan: Alumina Market 2024

Alumina Market Size in Japan

The Japanese alumina market surged to $X in 2022, picking up by 48% against the previous year. Over the period under review, consumption, however, continues to indicate a abrupt downturn. Alumina consumption peaked at $X in 2012; however, from 2013 to 2022, consumption failed to regain momentum.

Alumina Production in Japan

In value terms, alumina production totaled $X in 2022 estimated in export price. In general, production, however, recorded a deep reduction. The most prominent rate of growth was recorded in 2020 when the production volume increased by 15%. Over the period under review, production reached the maximum level at $X in 2012; however, from 2013 to 2022, production stood at a somewhat lower figure.

Alumina Exports

Exports from Japan

In 2022, the amount of alumina exported from Japan dropped markedly to X tons, reducing by -20.3% compared with the previous year's figure. In general, exports recorded a pronounced setback. The most prominent rate of growth was recorded in 2021 when exports increased by 27%. Over the period under review, the exports reached the maximum at X tons in 2014; however, from 2015 to 2022, the exports stood at a somewhat lower figure.

In value terms, alumina exports dropped to $X in 2022. The total export value increased at an average annual rate of +1.9% over the period from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The growth pace was the most rapid in 2021 with an increase of 22% against the previous year. As a result, the exports attained the peak of $X, and then fell in the following year.

Exports by Country

China (X tons), South Korea (X tons) and Taiwan (Chinese) (X tons) were the main destinations of alumina exports from Japan, with a combined 72% share of total exports. The United States, Thailand, India, Malaysia, Brazil, Germany, Vietnam and Indonesia lagged somewhat behind, together accounting for a further 23%.

From 2012 to 2022, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by India (with a CAGR of +38.0%), while the other leaders experienced more modest paces of growth.

In value terms, China ($X), South Korea ($X) and the United States ($X) appeared to be the largest markets for alumina exported from Japan worldwide, together accounting for 64% of total exports. These countries were followed by Taiwan (Chinese), Germany, Thailand, Malaysia, Brazil, India, Vietnam and Indonesia, which together accounted for a further 27%.

India, with a CAGR of +20.1%, recorded the highest rates of growth with regard to the value of exports, in terms of 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, picking up by 12% against the previous year. Over the period under review, export price indicated strong growth from 2012 to 2022: its price increased at an average annual rate of +5.3% 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 +103.8% against 2014 indices. The growth pace was the most rapid in 2017 an increase of 20% against the previous year. Over the period under review, the average export prices reached the peak figure in 2022 and is likely to see steady growth in the near future.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Germany ($X per ton), while the average price for exports to India ($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 Indonesia (+12.5%), while the prices for the other major destinations experienced more modest paces of growth.

Alumina Imports

Imports into Japan

In 2022, imports of alumina into Japan surged to X tons, with an increase of 33% on 2021 figures. Overall, imports continue to indicate a strong expansion. As a result, imports reached the peak and are likely to continue growth in the immediate term.

In value terms, alumina imports soared to $X in 2022. In general, total imports indicated a noticeable increase from 2012 to 2022: its value increased at an average annual rate of +4.4% 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 +48.4% against 2020 indices. The pace of growth appeared the most rapid in 2021 with an increase of 27%. Imports peaked at $X in 2019; however, from 2020 to 2022, imports failed to regain momentum.

Imports by Country

Australia (X tons), France (X tons) and South Korea (X tons) were the main suppliers of alumina imports to Japan, with a combined 65% share of total imports. Indonesia, Germany, China, Brazil, India and the United States lagged somewhat behind, together comprising a further 33%.

From 2012 to 2022, the biggest increases were recorded for Indonesia (with a CAGR of +136.2%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, France ($X), Germany ($X) and South Korea ($X) constituted the largest alumina suppliers to Japan, together comprising 58% of total imports. These countries were followed by Australia, Indonesia, the United States, China, India and Brazil, which together accounted for a further 40%.

In terms of the main suppliers, Indonesia, with a CAGR of +141.0%, recorded the highest rates of growth with regard to 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

In 2022, the average alumina import price amounted to $X per ton, declining by -11.9% against the previous year. In general, the import price showed a perceptible reduction. The most prominent rate of growth was recorded in 2017 when the average import price increased by 5.5% against the previous year. The import price peaked at $X per ton in 2013; however, from 2014 to 2022, import prices failed to regain momentum.

There were significant differences in the average prices amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was the United States ($X per ton), while the price for Australia ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Indonesia (+2.1%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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