Latin America and the Caribbean: Alumina Market 2020

Alumina Market Size in Latin America and the Caribbean

After two years of growth, the Latin American alumina market decreased by -X% to $X in 2019. In general, consumption, however, enjoyed a moderate expansion. The pace of growth was the most pronounced in 2018 when the market value increased by X% year-to-year. As a result, consumption attained the peak level of $X, and then shrank notably in the following year.

Alumina Production in Latin America and the Caribbean

In value terms, alumina production fell to $X in 2019 estimated in export prices. In general, production saw a relatively flat trend pattern. The most prominent rate of growth was recorded in 2018 when the production volume increased by X% against the previous year. As a result, production attained the peak level of $X, and then fell in the following year.

Production By Country in Latin America and the Caribbean

Brazil (X tons) constituted the country with the largest volume of alumina production, accounting for X% of total volume. Moreover, alumina production in Brazil exceeded the figures recorded by the second-largest producer, Jamaica (X tons), twofold. The third position in this ranking was occupied by Suriname (X tons), with a X% share.

In Brazil, alumina production remained relatively stable over the period from 2007-2019. In the other countries, the average annual rates were as follows: Jamaica (+X% per year) and Suriname (+X% per year).

Alumina Exports

Exports in Latin America and the Caribbean

In 2019, shipments abroad of alumina was finally on the rise to reach X tons for the first time since 2016, thus ending a two-year declining trend. Overall, exports, however, recorded a relatively flat trend pattern. The volume of export peaked at X tons in 2014; however, from 2015 to 2019, exports remained at a lower figure.

In value terms, alumina exports fell modestly to $X in 2019. In general, exports, however, saw a relatively flat trend pattern. The pace of growth appeared the most rapid in 2011 when exports increased by X% y-o-y. Over the period under review, exports hit record highs at $X in 2008; however, from 2009 to 2019, exports failed to regain the momentum.

Exports by Country

Brazil represented the main exporter of alumina in Latin America and the Caribbean, with the volume of exports finishing at X tons, which was near X% of total exports in 2019. It was distantly followed by Jamaica (X tons), making up a X% share of total exports. Suriname (X tons) occupied a minor share of total exports.

Brazil was also the fastest-growing in terms of the alumina exports, with a CAGR of +X% from 2007 to 2019. Jamaica (-X%) and Suriname (-X%) illustrated a downward trend over the same period. From 2007 to 2019, the share of Brazil increased by +X% percentage points, while Jamaica (-X p.p.) and Suriname (-X p.p.) saw their share reduced.

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

From 2007 to 2019, the average annual rate of growth in terms of value in Brazil stood at +X%. 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 2019, the alumina export price in Latin America and the Caribbean amounted to $X per ton, with a decrease of -X% against the previous year. Overall, the export price, however, saw a relatively flat trend pattern. The most prominent rate of growth was recorded in 2018 an increase of X% year-to-year. As a result, export price attained the peak level of $X per ton, and then fell remarkably in the following year.

Average prices varied noticeably amongst the major exporting countries. In 2019, the country with the highest price was Brazil ($X per ton), while Suriname ($X per ton) was amongst the lowest.

From 2007 to 2019, the most notable rate of growth in terms of prices was attained by Jamaica, while the other leaders experienced mixed trends in the export price figures.

Alumina Imports

Imports in Latin America and the Caribbean

In 2019, alumina imports in Latin America and the Caribbean contracted slightly to X tons, dropping by -X% compared with the year before. The total import volume increased at an average annual rate of +X% from 2007 to 2019; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The most prominent rate of growth was recorded in 2008 with an increase of X% year-to-year. Over the period under review, imports reached the peak figure at X tons in 2018, and then shrank in the following year.

In value terms, alumina imports contracted notably to $X in 2019. Total imports indicated a pronounced expansion from 2007 to 2019: its value increased at an average annual rate of +X% over the last twelve years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2019 figures, imports increased by +X% against 2016 indices. The most prominent rate of growth was recorded in 2018 when imports increased by X% year-to-year. As a result, imports reached the peak of $X, and then fell sharply in the following year.

Imports by Country

Argentina prevails in alumina imports structure, recording X tons, which was approx. X% of total imports in 2019. It was distantly followed by Venezuela (X tons), making up an X% share of total imports. The following importers - Mexico (X tons) and Brazil (X tons) - together made up X% of total imports.

From 2007 to 2019, 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 2007-2019. By contrast, Mexico (-X%) and Brazil (-X%) illustrated a downward trend over the same period. From 2007 to 2019, the share of Argentina and Venezuela increased by +X% and +X% percentage points, while Brazil (-X p.p.) saw their share reduced. The shares of the other countries remained relatively stable throughout the analyzed period.

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

From 2007 to 2019, the average annual growth rate of value in Argentina totaled +X%. The remaining importing countries recorded the following average annual rates of imports growth: Mexico (+X% per year) and Venezuela (+X% per year).

Import Prices by Country

The alumina import price in Latin America and the Caribbean stood at $X per ton in 2019, dropping by -X% against the previous year. In general, the import price, however, saw a relatively flat trend pattern. The growth pace was the most rapid in 2018 an increase of X% against the previous year. As a result, import price attained the peak level of $X per ton, and then dropped sharply in the following year.

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

From 2007 to 2019, the most notable rate of growth in terms of prices was attained by Mexico, while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform

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