Latin America and the Caribbean: Alumina Market 2022

Alumina Market Size in Latin America and the Caribbean

In 2021, the Latin American alumina market decreased by -X% to $X, falling for the third year in a row after three years of growth. Overall, consumption continues to indicate a mild shrinkage. As a result, consumption reached the peak level of $X. From 2019 to 2021, the growth of the market remained at a somewhat lower figure.

Alumina Production in Latin America and the Caribbean

In value terms, alumina production contracted to $X in 2021 estimated in export price. The total production indicated pronounced 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, production decreased by -X% against 2018 indices. The growth pace was the most rapid in 2014 with an increase of X%. Over the period under review, production reached the peak level at $X in 2018; however, from 2019 to 2021, production remained at a lower figure.

Alumina Exports

Exports in Latin America and the Caribbean

In 2021, shipments abroad of alumina increased by X% to X tons, rising for the third year in a row after two years of decline. Overall, exports recorded a relatively flat trend pattern. The growth pace was the most rapid in 2014 with an increase of X%. As a result, the exports reached the peak of X tons. From 2015 to 2021, the growth of the exports failed to regain momentum.

In value terms, alumina exports surged to $X in 2021. Over the period under review, exports continue to indicate a relatively flat trend pattern. Over the period under review, the exports attained the maximum at $X in 2018; however, from 2019 to 2021, the exports remained at a lower figure.

Exports by Country

Brazil was the major exporting country with an export of around X tons, which recorded X% of total exports. It was distantly followed by Jamaica (X tons), achieving a X% share of total exports. Suriname (X tons) followed a long way behind the leaders.

Brazil was also the fastest-growing in terms of the alumina exports, with a CAGR of +X% from 2012 to 2021. Jamaica (-X%) and Suriname (-X%) illustrated a downward trend over the same period. From 2012 to 2021, the share of Brazil increased by +X percentage points. Jamaica (-X p.p.) and Suriname (-X p.p.) saw their shares reduced.

In value terms, Brazil ($X) remains the largest alumina supplier in Latin America and the Caribbean, comprising X% of total exports. The second position in the ranking was taken by Jamaica ($X), with a X% share of total exports.

In Brazil, alumina exports increased at an average annual rate of +X% over the period from 2012-2021. In the other countries, the average annual rates were as follows: Jamaica (+X% per year) and Suriname (-X% per year).

Export Prices by Country

In 2021, the export price in Latin America and the Caribbean amounted to $X per ton, growing by X% against the previous year. Over the period under review, the export price saw a relatively flat trend pattern. The most prominent rate of growth was recorded in 2018 an increase of X% against the previous year. As a result, the export price attained the peak level of $X per ton. From 2019 to 2021, the the export prices failed to regain momentum.

Average prices varied noticeably amongst the major exporting countries. In 2021, the country with the highest price was Jamaica ($X per ton), while Suriname ($X per ton) was amongst the lowest.

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

Alumina Imports

Imports in Latin America and the Caribbean

After two years of decline, supplies from abroad of alumina increased by X% to X tons in 2021. Overall, imports, however, continue to indicate a slight decline. Over the period under review, imports reached the peak figure at X tons in 2018; however, from 2019 to 2021, imports stood at a somewhat lower figure.

In value terms, alumina imports surged to $X in 2021. In general, imports recorded a relatively flat trend pattern. The most prominent rate of growth was recorded in 2018 when imports increased by X%. As a result, imports reached the peak of $X. From 2019 to 2021, the growth of imports remained at a somewhat lower figure.

Imports by Country

Argentina dominates imports structure, reaching X tons, which was approx. X% of total imports in 2021. Brazil (X tons) took a X% share (based on physical terms) of total imports, which put it in second place, followed by Mexico (X%). Venezuela (X tons) followed a long way behind the leaders.

From 2012 to 2021, average annual rates of growth with regard to alumina imports into Argentina stood at -X%. At the same time, Venezuela (+X%) displayed positive paces of growth. Moreover, Venezuela emerged as the fastest-growing importer imported in Latin America and the Caribbean, with a CAGR of +X% from 2012-2021. Mexico experienced a relatively flat trend pattern. By contrast, Brazil (-X%) illustrated a downward trend over the same period. While the share of Venezuela (+X p.p.) increased significantly in terms of the total imports from 2012-2021, the share of Argentina (-X p.p.) displayed negative dynamics. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Argentina ($X) constitutes the largest market for imported alumina in Latin America and the Caribbean, comprising X% of total imports. The second position in the ranking was held by Mexico ($X), with a X% share of total imports. It was followed by Brazil, with an X% share.

In Argentina, alumina imports remained relatively stable over the period from 2012-2021. In the other countries, the average annual rates were as follows: Mexico (+X% per year) and Brazil (+X% per year).

Import Prices by Country

In 2021, the import price in Latin America and the Caribbean amounted to $X per ton, with an increase of X% against the previous year. Import price indicated a perceptible expansion from 2012 to 2021: its price 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. The most prominent rate of growth was recorded in 2018 an increase of X% against the previous year. As a result, import price attained the peak level of $X per ton. From 2019 to 2021, the import prices remained at a lower figure.

Prices varied noticeably country of destination: the country with the highest price was Mexico ($X per ton), while Argentina ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Brazil (+X%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform

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