South-Eastern Asia: Aluminium Hydroxide Market 2024

Aluminium Hydroxide Market Size in South-Eastern Asia

In 2022, the Southeast Asian aluminium hydroxide market decreased by -3.9% to $X, falling for the second consecutive year after two years of growth. The total consumption indicated a moderate increase from 2012 to 2022: its value increased at an average annual rate of +4.3% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, consumption decreased by -13.2% against 2020 indices. As a result, consumption attained the peak level of $X. From 2021 to 2022, the growth of the market failed to regain momentum.

Aluminium Hydroxide Production in South-Eastern Asia

In value terms, aluminium hydroxide production expanded markedly to $X in 2022 estimated in export price. The total production indicated resilient growth from 2012 to 2022: its value increased at an average annual rate of +5.8% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, production decreased by -6.5% against 2020 indices. The most prominent rate of growth was recorded in 2020 when the production volume increased by 35% against the previous year. As a result, production attained the peak level of $X. From 2021 to 2022, production growth remained at a somewhat lower figure.

Aluminium Hydroxide Exports

Exports in South-Eastern Asia

In 2022, aluminium hydroxide exports in South-Eastern Asia dropped rapidly to X tons, waning by -15.3% against the year before. Over the period under review, exports, however, recorded a significant increase. The most prominent rate of growth was recorded in 2015 with an increase of 844% against the previous year. The volume of export peaked at X tons in 2021, and then fell markedly in the following year.

In value terms, aluminium hydroxide exports contracted to $X in 2022. In general, exports, however, posted a significant increase. The pace of growth was the most pronounced in 2015 with an increase of 380%. The level of export peaked at $X in 2019; however, from 2020 to 2022, the exports remained at a lower figure.

Exports by Country

Indonesia (X tons) and Vietnam (X tons) represented roughly 97% of total exports in 2022.

From 2012 to 2022, the most notable rate of growth in terms of shipments, amongst the leading exporting countries, was attained by Indonesia (with a CAGR of +66.4%).

In value terms, Vietnam ($X) and Indonesia ($X) appeared to be the countries with the highest levels of exports in 2022.

Indonesia, with a CAGR of +60.7%, recorded the highest growth rate of the value of exports, among the main exporting countries over the period under review.

Export Prices by Country

In 2022, the export price in South-Eastern Asia amounted to $X per ton, with an increase of 10% against the previous year. Over the period under review, the export price, however, recorded a mild slump. The most prominent rate of growth was recorded in 2018 when the export price increased by 52% against the previous year. As a result, the export price reached the peak level of $X per ton. From 2019 to 2022, the export prices failed to regain momentum.

Prices varied noticeably by country of origin: amid the top suppliers, the country with the highest price was Vietnam ($X per ton), while Indonesia amounted to $X per ton.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Vietnam (+0.5%).

Aluminium Hydroxide Imports

Imports in South-Eastern Asia

In 2022, the amount of aluminium hydroxide imported in South-Eastern Asia dropped remarkably to X tons, with a decrease of -27.1% compared with the previous year. Overall, imports continue to indicate a perceptible decline. The most prominent rate of growth was recorded in 2018 with an increase of 43% against the previous year. As a result, imports attained the peak of X tons. From 2019 to 2022, the growth of imports remained at a lower figure.

In value terms, aluminium hydroxide imports dropped to $X in 2022. Over the period under review, imports saw a relatively flat trend pattern. The growth pace was the most rapid in 2018 when imports increased by 47%. As a result, imports reached the peak of $X. From 2019 to 2022, the growth of imports remained at a lower figure.

Imports by Country

In 2022, Thailand (X tons) and Malaysia (X tons) represented the key importers of aluminium hydroxide in South-Eastern Asia, together comprising 75% of total imports. Indonesia (X tons) ranks next in terms of the total imports with a 12% share, followed by Vietnam (6.3%) and the Philippines (5.7%).

From 2012 to 2022, the biggest increases were recorded for Vietnam (with a CAGR of +6.5%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, Thailand ($X), Malaysia ($X) and Vietnam ($X) appeared to be the countries with the highest levels of imports in 2022, with a combined 80% share of total imports.

Vietnam, with a CAGR of +9.2%, recorded the highest rates of growth with regard to the value of imports, in terms of 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 South-Eastern Asia amounted to $X per ton, increasing by 21% against the previous year. Over the last decade, it increased at an average annual rate of +2.3%. As a result, import price reached the peak level and is likely to continue growth in the immediate term.

Prices varied noticeably by country of destination: amid the top importers, the country with the highest price was Vietnam ($X per ton), while Indonesia ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Malaysia (+3.0%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform

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