Republic of Korea: Alumina Market 2020

Alumina Market Size in Republic of Korea

The revenue of the alumina market in South Korea amounted to $X in 2017, growing by X% against the previous year. Overall, the total market indicated a prominent increase from 2007 to 2017: its value increased at an average annual rate of +X% over the last decade. The trend pattern, however, indicated some noticeable fluctuations throughout the analyzed period. The pace of growth was the most pronounced in 2008, with an increase of X% against the previous year. Over the period under review, the alumina market reached its peak figure level of $X in 2014; however, from 2015 to 2017, it stood at a somewhat lower level.

Alumina Production in Republic of Korea

In 2017, approx. X tons of alumina were produced in South Korea; growing by X% against the previous year. In general, the total output indicated a prominent expansion from 2007 to 2017: its volume increased at an average annual rate of +X% over the last decade. The trend pattern, however, indicated some noticeable fluctuations throughout the analyzed period. Based on 2017 figures, the alumina production increased by +X% against 2007 indices. The most prominent rate of growth was recorded in 2011, when the output figure increased by X% against the previous year. South Korea alumina production peaked in 2017, and is expected to retain its growth in the near future.

Alumina Exports from Republic of Korea

In 2017, the amount of alumina exported from South Korea totaled X tons, rising by X% against the previous year. Overall, alumina exports continue to indicate a prominent expansion. The pace of growth was the most pronounced in 2010, with an increase of X% year-to-year. South Korea exports peaked of X tons in 2011; however, from 2012 to 2017, it failed to regain its momentum.

In value terms, alumina exports totaled $X in 2017. Overall, alumina exports continue to indicate a strong expansion. Over the period under review, the alumina exports reached its peak figure level in 2017, and are likely to see steady growth in the near future.

Alumina Exports by Country from Republic of Korea

In 2017, Australia (X tons) represented the major exporter for alumina, comprising X% of total exports. Brazil (X tons) occupied a X% share (based on tons) of total exports, which put it in second place, followed by Ireland (X%). The following exporters - Jamaica (X tons), Ukraine (X tons), India (X tons), Kazakhstan (X tons), Vietnam (X tons), Indonesia (X tons) and Spain (X tons) together made up X% of total exports.

From 2007 to 2017, the most notable rate of growth in terms of exports, amongst the main exporting countries, was attained by Vietnam (+X% per year), while the other leaders experienced more modest paces of growth.

In value terms, Australia ($X) remains the largest alumina supplier from South Korea, making up X% of global exports. The second position in the ranking was occupied by Brazil ($X), with a X% share of global exports. It was followed by Ireland, with a X% share.

From 2007 to 2017, the average annual growth rate of value in Australia totaled +X%. The remaining exporting countries recorded the following average annual rates of exports growth: Brazil (+X% per year) and Ireland (+X% per year).

Alumina Export Prices by Country in Republic of Korea

In 2017, the alumina export price in South Korea amounted to $X per ton, falling by -X% against the previous year. In general, alumina export price continues to indicate a notable growth. The most prominent rate of growth was recorded in 2014, when the export prices increased by X% year-to-year. In that year, the export prices for alumina attained their peak level of $X per ton. From 2015 to 2017, growth of the export prices for alumina failed to regain its momentum.

Export prices varied noticeably by the country of destination; the country with the highest export price was Indonesia ($X per ton), while Ukraine ($X per ton) was amongst the lowest.

From 2007 to 2017, the most notable rate of growth in terms of export prices was attained by Spain (+X% per year), while the other leaders experienced more modest paces of growth.

Alumina Imports into Republic of Korea

In 2017, imports of alumina into South Korea totaled X tons, growing by X% against the previous year. Overall, the total imports indicated a prominent increase from 2007 to 2017: its volume increased at an average annual rate of +X% over the last decade. The trend pattern, however, indicated some noticeable fluctuations throughout the analyzed period. The pace of growth was the most pronounced in 2010, when imports increased by X% year-to-year. Over the period under review, the alumina imports attained its peak figure volume in 2017, and are likely to see steady growth in the near future.

In value terms, alumina imports stood at $X in 2017. In general, the total imports indicated a prominent increase from 2007 to 2017: its value increased at an average annual rate of +X% over the last decade. The trend pattern, however, indicated some noticeable fluctuations throughout the analyzed period. Based on 2017 figures, the alumina imports increased by +X% against 2013 indices. South Korea imports peaked in 2017, and are likely to see steady growth in the near future.

Alumina Imports by Country into Republic of Korea

In 2017, Canada (X tons) and Russia (X tons) were the major importers of alumina in the globe, together amounting to near X% of total imports. China (X tons) took a X% share (based on tons) of total imports, which put it in second place, followed by Norway (X%), India (X%), Iceland (X%) and Malaysia (X%). South Africa (X tons), the United Arab Emirates (X tons), Qatar (X tons), Mozambique (X tons) and the U.S. (X tons) took the slight share of total imports.

From 2007 to 2017, the most notable rate of growth in terms of imports, amongst the main importing countries, was attained by Mozambique (+X% per year), while the other leaders experienced more modest paces of growth.

In value terms, Canada ($X), Russia ($X) and China ($X) constituted the countries with the highest levels of imports in 2017, together accounting for X% of total imports. India, Norway, Iceland, the U.S., Malaysia, South Africa, the United Arab Emirates, Mozambique, Qatar and South Korea lagged somewhat behind, together comprising a further X%.

Mozambique (+X% per year) recorded the highest rates of growth with regard to imports, in terms of the main importing countries over the last decade, while the other leaders experienced more modest paces of growth.

Alumina Import Prices by Country in Republic of Korea

In 2017, the alumina import price in South Korea amounted to $X per ton, dropping by -X% against the previous year. Overall, alumina import price continues to indicate a relatively flat trend pattern. The growth pace was the most rapid in 2010, when the import prices increased by X% year-to-year. Over the period under review, the import prices for alumina reached its peak figure level of $X per ton in 2011; however, from 2012 to 2017, it stood at a somewhat lower level.

There were significant differences in the average import prices amongst the major importing countries. In 2017, the country with the highest import price was the U.S. ($X per ton), while Qatar ($X per ton) was amongst the lowest.

From 2007 to 2017, the most notable rate of growth in terms of import prices was attained by the U.S. (+X% per year), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform

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