MERCOSUR: Aluminium Hydroxide Market 2024

Aluminium Hydroxide Market Size in MERCOSUR

In 2022, the MERCOSUR aluminium hydroxide market decreased by -4.7% to $X, falling for the second year in a row after two years of growth. The market value increased at an average annual rate of +1.9% over the period from 2012 to 2022; however, the trend pattern remained relatively stable, with only minor fluctuations being recorded in certain years. Over the period under review, the market attained the maximum level at $X in 2020; however, from 2021 to 2022, consumption remained at a lower figure.

Aluminium Hydroxide Production in MERCOSUR

In value terms, aluminium hydroxide production fell slightly to $X in 2022 estimated in export price. The total output value increased at an average annual rate of +2.6% 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 2015 when the production volume increased by 16% against the previous year. Over the period under review, production attained the peak level at $X in 2019; however, from 2020 to 2022, production stood at a somewhat lower figure.

Aluminium Hydroxide Exports

Exports in MERCOSUR

In 2022, overseas shipments of aluminium hydroxide increased by 38% to X tons, rising for the second consecutive year after two years of decline. Overall, exports posted a resilient increase. The pace of growth appeared the most rapid in 2013 when exports increased by 67% against the previous year. Over the period under review, the exports attained the maximum in 2022 and are likely to continue growth in the immediate term.

In value terms, aluminium hydroxide exports skyrocketed to $X in 2022. Over the period under review, exports posted buoyant growth. The most prominent rate of growth was recorded in 2013 with an increase of 55%. Over the period under review, the exports attained the peak figure in 2022 and are likely to see steady growth in the near future.

Exports by Country

Brazil (X tons) represented roughly 100% of total exports in 2022.

Brazil was also the fastest-growing in terms of the aluminium hydroxide exports, with a CAGR of +16.7% from 2012 to 2022. From 2012 to 2022, the share of Brazil increased by +1.6 percentage points, while the shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Brazil ($X) also remains the largest aluminium hydroxide supplier in MERCOSUR.

In Brazil, aluminium hydroxide exports increased at an average annual rate of +19.9% over the period from 2012-2022.

Export Prices by Country

The export price in MERCOSUR stood at $X per ton in 2022, with an increase of 6.1% against the previous year. Over the period from 2012 to 2022, it increased at an average annual rate of +2.6%. The growth pace was the most rapid in 2018 an increase of 23%. Over the period under review, the export prices attained the maximum at $X per ton in 2019; however, from 2020 to 2022, the export prices stood at a somewhat lower figure.

As there is only one major export destination, the average price level is determined by prices for Brazil.

From 2012 to 2022, the rate of growth in terms of prices for Brazil amounted to +2.7% per year.

Aluminium Hydroxide Imports

Imports in MERCOSUR

In 2022, approx. X tons of aluminium hydroxide were imported in MERCOSUR; growing by 5.7% on the year before. The total import volume increased at an average annual rate of +3.2% over the period from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The pace of growth was the most pronounced in 2014 with an increase of 23% against the previous year. The volume of import peaked in 2022 and is likely to see gradual growth in years to come.

In value terms, aluminium hydroxide imports surged to $X in 2022. The total import value increased at an average annual rate of +4.5% over the period from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. As a result, imports reached the peak and are likely to continue growth in the immediate term.

Imports by Country

Argentina was the key importing country with an import of about X tons, which reached 47% of total imports. Colombia (X tons) ranks second in terms of the total imports with a 14% share, followed by Peru (9.3%), Brazil (8.7%), Chile (7.5%) and Uruguay (6.3%). Paraguay (X tons) took a little share of total imports.

From 2012 to 2022, average annual rates of growth with regard to aluminium hydroxide imports into Argentina stood at +5.8%. At the same time, Uruguay (+15.6%), Paraguay (+7.9%), Colombia (+5.7%) and Peru (+3.2%) displayed positive paces of growth. Moreover, Uruguay emerged as the fastest-growing importer imported in MERCOSUR, with a CAGR of +15.6% from 2012-2022. By contrast, Chile (-3.4%) and Brazil (-5.2%) illustrated a downward trend over the same period. From 2012 to 2022, the share of Argentina, Uruguay and Colombia increased by +10, +4.3 and +3 percentage points, respectively. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, the largest aluminium hydroxide importing markets in MERCOSUR were Argentina ($X), Brazil ($X) and Colombia ($X), with a combined 75% share of total imports. Chile, Peru, Uruguay and Paraguay lagged somewhat behind, together accounting for a further 23%.

Uruguay, with a CAGR of +14.7%, recorded the highest rates of growth with regard to the value of imports, among the main importing countries over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

In 2022, the import price in MERCOSUR amounted to $X per ton, picking up by 26% against the previous year. Over the last decade, it increased at an average annual rate of +1.3%. As a result, import price reached the peak level and is likely to continue growth in the immediate term.

There were significant differences in the average prices amongst the major importing countries. In 2022, amid the top importers, the country with the highest price was Brazil ($X per ton), while Peru ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Brazil (+14.0%), while the other leaders experienced mixed trends in the import price figures.

Source: IndexBox Platform