Southern Asia: Aluminium Hydroxide Market 2024

Aluminium Hydroxide Market Size in Southern Asia

The South Asian aluminium hydroxide market reached $X in 2022, increasing by 2.2% against the previous year. The total consumption indicated buoyant growth from 2012 to 2022: its value increased at an average annual rate of +6.6% 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 -1.6% against 2020 indices. Over the period under review, the market reached the peak level at $X in 2020; afterwards, it flattened through to 2022.

Aluminium Hydroxide Production in Southern Asia

In value terms, aluminium hydroxide production stood at $X in 2022 estimated in export price. In general, production continues to indicate a prominent expansion. The most prominent rate of growth was recorded in 2019 when the production volume increased by 27%. The level of production peaked at $X in 2020; afterwards, it flattened through to 2022.

Aluminium Hydroxide Exports

Exports in Southern Asia

In 2022, approx. X tons of aluminium hydroxide were exported in Southern Asia; waning by -11.4% on 2021. In general, exports continue to indicate a deep slump. The growth pace was the most rapid in 2013 with an increase of 27%. The volume of export peaked at X tons in 2014; however, from 2015 to 2022, the exports stood at a somewhat lower figure.

In value terms, aluminium hydroxide exports skyrocketed to $X in 2022. Overall, exports saw a perceptible decrease. The most prominent rate of growth was recorded in 2018 when exports increased by 26%. The level of export peaked at $X in 2013; however, from 2014 to 2022, the exports stood at a somewhat lower figure.

Exports by Country

The shipments of the one major exporters of aluminium hydroxide, namely India, represented more than two-thirds of total export.

India was also the fastest-growing in terms of the aluminium hydroxide exports, with a CAGR of -5.8% from 2012 to 2022. The shares of the largest exporters remained relatively stable throughout the analyzed period.

In value terms, India ($X) also remains the largest aluminium hydroxide supplier in Southern Asia.

In India, aluminium hydroxide exports decreased by an average annual rate of -3.0% over the period from 2012-2022.

Export Prices by Country

The export price in Southern Asia stood at $X per ton in 2022, with an increase of 35% against the previous year. Export price indicated perceptible growth from 2012 to 2022: its price increased at an average annual rate of +3.0% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. As a result, the export price attained the peak level and is likely to continue growth in the immediate term.

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

From 2012 to 2022, the rate of growth in terms of prices for India amounted to +2.9% per year.

Aluminium Hydroxide Imports

Imports in Southern Asia

Aluminium hydroxide imports totaled X tons in 2022, with an increase of 12% on 2021. In general, imports saw a strong expansion. The pace of growth was the most pronounced in 2013 with an increase of 108%. The volume of import peaked in 2022 and is expected to retain growth in years to come.

In value terms, aluminium hydroxide imports surged to $X in 2022. Overall, imports showed a strong increase. The pace of growth appeared the most rapid in 2021 with an increase of 31% against the previous year. The level of import peaked in 2022 and is expected to retain growth in years to come.

Imports by Country

India represented the largest importing country with an import of around X tons, which resulted at 77% of total imports. It was distantly followed by Bangladesh (X tons), creating a 16% share of total imports. Pakistan (X tons) and Sri Lanka (X tons) held a little share of total imports.

From 2012 to 2022, average annual rates of growth with regard to aluminium hydroxide imports into India stood at +14.1%. At the same time, Sri Lanka (+15.9%), Bangladesh (+7.9%) and Pakistan (+2.2%) displayed positive paces of growth. Moreover, Sri Lanka emerged as the fastest-growing importer imported in Southern Asia, with a CAGR of +15.9% from 2012-2022. India (+12 p.p.) significantly strengthened its position in terms of the total imports, while Pakistan and Bangladesh saw its share reduced by -6.1% and -7.2% from 2012 to 2022, respectively. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, India ($X) constitutes the largest market for imported aluminium hydroxide in Southern Asia, comprising 76% of total imports. The second position in the ranking was held by Pakistan ($X), with a 12% share of total imports. It was followed by Bangladesh, with a 10% share.

From 2012 to 2022, the average annual growth rate of value in India stood at +13.2%. In the other countries, the average annual rates were as follows: Pakistan (+5.5% per year) and Bangladesh (+6.5% per year).

Import Prices by Country

The import price in Southern Asia stood at $X per ton in 2022, rising by 11% against the previous year. In general, the import price, however, recorded a relatively flat trend pattern. The pace of growth was the most pronounced in 2014 when the import price increased by 70%. Over the period under review, import prices hit record highs at $X per ton in 2012; however, from 2013 to 2022, import prices remained at a lower figure.

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

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Pakistan (+3.2%), while the other leaders experienced mixed trends in the import price figures.

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :