Report Update Nov 1, 2024

Philippines - Alumina - Market Analysis, Forecast, Size, Trends and Insights

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Philippines: Alumina Market 2024

Alumina Market Size in the Philippines

The Philippine alumina market skyrocketed to $X in 2022, with an increase of 18% against the previous year. This figure reflects the total revenues of producers and importers (excluding logistics costs, retail marketing costs, and retailers' margins, which will be included in the final consumer price). In general, consumption recorded a resilient increase. As a result, consumption reached the peak level of $X. From 2018 to 2022, the growth of the market remained at a lower figure.

Alumina Exports

Exports from the Philippines

In 2022, the amount of alumina exported from the Philippines reduced sharply to X tons, falling by -16.1% on 2021 figures. Over the period under review, exports, however, continue to indicate a significant expansion. The most prominent rate of growth was recorded in 2016 when exports increased by 999% against the previous year. The exports peaked at X tons in 2018; however, from 2019 to 2022, the exports remained at a lower figure.

In value terms, alumina exports reduced rapidly to $X in 2022. Overall, exports showed a deep slump. The most prominent rate of growth was recorded in 2018 with an increase of 213%. As a result, the exports reached the peak of $X. From 2019 to 2022, the growth of the exports remained at a lower figure.

Exports by Country

India (X tons) was the main destination for alumina exports from the Philippines, with a 83% share of total exports. Moreover, alumina exports to India exceeded the volume sent to the second major destination, Singapore (X tons), fivefold.

From 2012 to 2022, the average annual growth rate of volume to India totaled +24.0%.

In value terms, India ($X) remains the key foreign market for alumina exports from the Philippines, comprising 83% of total exports. The second position in the ranking was taken by Singapore ($X), with a 17% share of total exports.

From 2012 to 2022, the average annual rate of growth in terms of value to India amounted to -6.2%.

Export Prices by Country

In 2022, the average alumina export price amounted to $X per ton, declining by -9.4% against the previous year. Overall, the export price continues to indicate a dramatic slump. The pace of growth was the most pronounced in 2013 when the average export price increased by 173% against the previous year. As a result, the export price attained the peak level of $X per ton. From 2014 to 2022, the average export prices remained at a lower figure.

Average prices varied noticeably for the major export markets. In 2022, amid the top suppliers, the country with the highest price was India ($X per ton), while the average price for exports to Singapore amounted to $X per ton.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to the United States (+7.1%), while the prices for the other major destinations experienced a decline.

Alumina Imports

Imports into the Philippines

In 2022, alumina imports into the Philippines soared to X tons, growing by 24% against the previous year. Overall, imports showed a notable expansion. The growth pace was the most rapid in 2017 when imports increased by 119% against the previous year. As a result, imports attained the peak of X tons. From 2018 to 2022, the growth of imports remained at a somewhat lower figure.

In value terms, alumina imports stood at $X in 2022. In general, imports posted a buoyant increase. The growth pace was the most rapid in 2017 when imports increased by 128%. As a result, imports reached the peak of $X. From 2018 to 2022, the growth of imports remained at a lower figure.

Imports by Country

Japan (X tons), China (X tons) and France (X tons) were the main suppliers of alumina imports to the Philippines, together accounting for 72% of total imports.

From 2012 to 2022, the biggest increases were recorded for France (with a CAGR of +67.0%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, Japan ($X) constituted the largest supplier of alumina to the Philippines, comprising 42% of total imports. The second position in the ranking was held by China ($X), with a 12% share of total imports. It was followed by South Korea, with an 8.9% share.

From 2012 to 2022, the average annual growth rate of value from Japan totaled +35.4%. The remaining supplying countries recorded the following average annual rates of imports growth: China (+2.4% per year) and South Korea (+5.0% per year).

Import Prices by Country

The average alumina import price stood at $X per ton in 2022, reducing by -10.5% against the previous year. Over the period from 2012 to 2022, it increased at an average annual rate of +2.2%. The most prominent rate of growth was recorded in 2013 an increase of 39% against the previous year. Over the period under review, average import prices hit record highs at $X per ton in 2017; however, from 2018 to 2022, import prices stood at a somewhat lower figure.

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 South Africa ($X per ton), while the price for China ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by South Africa (+21.8%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :

What are the largest markets for alumina in the world?

The country with the largest volume of alumina consumption was China, accounting for 52% of total volume. Moreover, alumina consumption in China exceeded the figures recorded by the second-largest consumer, Australia, fourfold. The third position in this ranking was occupied by Russia, with a 5.1% share.

What are the largest producers of alumina in the world?

The country with the largest volume of alumina production was China, accounting for 54% of total volume. Moreover, alumina production in China exceeded the figures recorded by the second-largest producer, Australia, fourfold. Brazil ranked third in terms of total production with a 7.6% share.

What are the leading suppliers of alumina to the Philippines?

In value terms, Japan, China and Germany appeared to be the largest alumina suppliers to the Philippines, with a combined 69% share of total imports. These countries were followed by the United States, Hong Kong SAR, South Korea and France, which together accounted for a further 20%.

What are the leading importers of alumina from the Philippines?

In value terms, India remains the key foreign market for alumina exports from the Philippines.

What is the average export price for alumina in the Philippines?

The average alumina export price stood at $111 per ton in 2020, dropping by -55.3% against the previous year.

What is the average import price for alumina in the Philippines?

The average alumina import price stood at $2,101 per ton in 2020, therefore, remained relatively stable against the previous year.

This report provides an in-depth analysis of the alumina market in the Philippines. Within it, you will discover the latest data on market trends and opportunities by country, consumption, production and price developments, as well as the global trade (imports and exports). The forecast exhibits the market prospects through 2030.

Product coverage:

Prodcom 24421200 - Aluminium oxide (excluding artificial corundum)

Country coverage:

Philippines

Data coverage:

Market volume and value
Per Capita consumption
Forecast of the market dynamics in the medium term
Trade (exports and imports) in the Philippines
Export and import prices
Market trends, drivers and restraints
Key market players and their profiles

Reasons to buy this report:

Take advantage of the latest data
Find deeper insights into current market developments
Discover vital success factors affecting the market

This report is designed for manufacturers, distributors, importers, and wholesalers, as well as for investors, consultants and advisors.

In this report, you can find information that helps you to make informed decisions on the following issues:

How to diversify your business and benefit from new market opportunities
How to load your idle production capacity
How to boost your sales on overseas markets
How to increase your profit margins
How to make your supply chain more sustainable
How to reduce your production and supply chain costs
How to outsource production to other countries
How to prepare your business for global expansion

While doing this research, we combine the accumulated expertise of our analysts and the capabilities of artificial intelligence. The AI-based platform, developed by our data scientists, constitutes the key working tool for business analysts, empowering them to discover deep insights and ideas from the marketing data.

1. INTRODUCTION

Making Data-Driven Decisions to Grow Your Business
1. REPORT DESCRIPTION
2. RESEARCH METHODOLOGY AND AI PLATFORM
3. DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
4. GLOSSARY AND SPECIFIC TERMS
2. EXECUTIVE SUMMARY

A Quick Overview of Market Performance
1. KEY FINDINGS
2. MARKET TRENDS This Chapter is Available Only for the Professional Edition PRO
3. MARKET OVERVIEW

Understanding the Current State of The Market and Its Prospects
1. MARKET SIZE
2. MARKET STRUCTURE
3. TRADE BALANCE
4. PER CAPITA CONSUMPTION
5. MARKET FORECAST TO 2030
4. MOST PROMISING PRODUCT

Finding New Products to Diversify Your Business
This Chapter is Available Only for the Professional Edition PRO
1. TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
2. BEST-SELLING PRODUCTS
3. MOST CONSUMED PRODUCT
4. MOST TRADED PRODUCT
5. MOST PROFITABLE PRODUCT FOR EXPORT
5. MOST PROMISING SUPPLYING COUNTRIES

Choosing the Best Countries to Establish Your Sustainable Supply Chain
This Chapter is Available Only for the Professional Edition PRO
1. TOP COUNTRIES TO SOURCE YOUR PRODUCT
2. TOP PRODUCING COUNTRIES
3. TOP EXPORTING COUNTRIES
4. LOW-COST EXPORTING COUNTRIES
6. MOST PROMISING OVERSEAS MARKETS

Choosing the Best Countries to Boost Your Exports
This Chapter is Available Only for the Professional Edition PRO
1. TOP OVERSEAS MARKETS FOR EXPORTING YOUR PRODUCT
2. TOP CONSUMING MARKETS
3. UNSATURATED MARKETS
4. TOP IMPORTING MARKETS
5. MOST PROFITABLE MARKETS
7. PRODUCTION

The Latest Trends and Insights into The Industry
1. PRODUCTION VOLUME AND VALUE
8. IMPORTS
The Largest Import Supplying Countries
1. IMPORTS FROM 2012–2023
2. IMPORTS BY COUNTRY
3. IMPORT PRICES BY COUNTRY
9. EXPORTS
The Largest Destinations for Exports
1. EXPORTS FROM 2012–2023
2. EXPORTS BY COUNTRY
3. EXPORT PRICES BY COUNTRY
10. PROFILES OF MAJOR PRODUCERS

The Largest Producers on The Market and Their Profiles
This Chapter is Available Only for the Professional Edition PRO
LIST OF TABLES
1. Key Findings In 2023
2. Market Volume, In Physical Terms, 2012–2023
3. Market Value, 2012–2023
4. Per Capita Consumption In 2012-2023
5. Imports, In Physical Terms, By Country, 2012–2023
6. Imports, In Value Terms, By Country, 2012–2023
7. Import Prices, By Country Of Origin, 2012–2023
8. Exports, In Physical Terms, By Country, 2012–2023
9. Exports, In Value Terms, By Country, 2012–2023
10. Export Prices, By Country Of Destination, 2012–2023
LIST OF FIGURES
1. Market Volume, In Physical Terms, 2012–2023
2. Market Value, 2012–2023
3. Market Structure – Domestic Supply vs. Imports, In Physical Terms, 2012-2023
4. Market Structure – Domestic Supply vs. Imports, In Value Terms, 2012-2023
5. Trade Balance, In Physical Terms, 2012-2023
6. Trade Balance, In Value Terms, 2012-2023
7. Per Capita Consumption, 2012-2023
8. Market Volume Forecast to 2030
9. Market Value Forecast to 2030
10. Products: Market Size And Growth, By Type
11. Products: Average Per Capita Consumption, By Type
12. Products: Exports And Growth, By Type
13. Products: Export Prices And Growth, By Type
14. Production Volume And Growth
15. Exports And Growth
16. Export Prices And Growth
17. Market Size And Growth
18. Per Capita Consumption
19. Imports And Growth
20. Import Prices
21. Production, In Physical Terms, 2012–2023
22. Production, In Value Terms, 2012–2023
23. Imports, In Physical Terms, 2012–2023
24. Imports, In Value Terms, 2012–2023
25. Imports, In Physical Terms, By Country, 2023
26. Imports, In Physical Terms, By Country, 2012–2023
27. Imports, In Value Terms, By Country, 2012–2023
28. Import Prices, By Country Of Origin, 2012–2023
29. Exports, In Physical Terms, 2012–2023
30. Exports, In Value Terms, 2012–2023
31. Exports, In Physical Terms, By Country, 2023
32. Exports, In Physical Terms, By Country, 2012–2023
33. Exports, In Value Terms, By Country, 2012–2023
34. Export Prices, By Country Of Destination, 2012–2023