Report Update Nov 1, 2024

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

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Venezuela: Alumina Market 2024

Alumina Market Size in Venezuela

In 2022, the Venezuelan alumina market was finally on the rise to reach $X for the first time since 2016, thus ending a five-year declining trend. Over the period under review, consumption, however, continues to indicate a deep reduction. Alumina consumption peaked at $X in 2012; however, from 2013 to 2022, consumption stood at a somewhat lower figure.

Alumina Production in Venezuela

In value terms, alumina production reduced to $X in 2022 estimated in export price. Overall, production recorded a deep reduction. The growth pace was the most rapid in 2016 with an increase of 157%. As a result, production reached the peak level of $X. From 2017 to 2022, production growth remained at a somewhat lower figure.

Alumina Exports

Exports from Venezuela

After five years of growth, shipments abroad of alumina decreased by -11.4% to X tons in 2022. Over the period under review, exports, however, enjoyed a moderate expansion. The pace of growth was the most pronounced in 2014 when exports increased by 314%. Over the period under review, the exports reached the peak figure at X tons in 2015; however, from 2016 to 2022, the exports remained at a lower figure.

In value terms, alumina exports declined to $X in 2022. Overall, exports, however, posted a perceptible expansion. The most prominent rate of growth was recorded in 2014 with an increase of 536% against the previous year. Over the period under review, the exports attained the peak figure at $X in 2015; however, from 2016 to 2022, the exports stood at a somewhat lower figure.

Exports by Country

China (X tons), Azerbaijan (X tons) and Canada (X tons) were the main destinations of alumina exports from Venezuela, with a combined 78% share of total exports.

From 2012 to 2022, the biggest increases were recorded for Azerbaijan (with a CAGR of +35.3%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, Azerbaijan ($X), China ($X) and the United States ($X) appeared to be the largest markets for alumina exported from Venezuela worldwide, with a combined 77% share of total exports.

Azerbaijan, with a CAGR of +32.9%, recorded the highest growth rate of the value of exports, in terms of the main countries of destination over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

In 2022, the average alumina export price amounted to $X per ton, waning by -1.5% against the previous year. In general, the export price showed a perceptible reduction. The growth pace was the most rapid in 2014 an increase of 54% against the previous year. The export price peaked at $X per ton in 2017; however, from 2018 to 2022, the export prices stood at a somewhat lower figure.

There were significant differences in the average prices for the major foreign markets. In 2022, amid the top suppliers, the country with the highest price was Iceland ($X per ton), while the average price for exports to Canada ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Iceland (+4.5%), while the prices for the other major destinations experienced a decline.

Alumina Imports

Imports into Venezuela

In 2022, after two years of decline, there was significant growth in overseas purchases of alumina, when their volume increased by 357% to X tons. In general, imports, however, continue to indicate a mild decrease. Over the period under review, imports reached the maximum at X tons in 2014; however, from 2015 to 2022, imports failed to regain momentum.

In value terms, alumina imports surged to $X in 2022. Over the period under review, imports, however, saw a slight descent. Over the period under review, imports reached the peak figure at $X in 2014; however, from 2015 to 2022, imports stood at a somewhat lower figure.

Imports by Country

In 2022, Jamaica (X tons) constituted the largest alumina supplier to Venezuela, with a 87% share of total imports. Moreover, alumina imports from Jamaica exceeded the figures recorded by the second-largest supplier, Brazil (X tons), eightfold.

From 2012 to 2022, the average annual rate of growth in terms of volume from Jamaica amounted to +6.7%.

In value terms, Jamaica ($X) constituted the largest supplier of alumina to Venezuela, comprising 83% of total imports. The second position in the ranking was taken by Brazil ($X), with a 7.9% share of total imports.

From 2012 to 2022, the average annual rate of growth in terms of value from Jamaica totaled +7.1%.

Import Prices by Country

In 2022, the average alumina import price amounted to $X per ton, declining by -1.9% against the previous year. Over the period under review, the import price, however, continues to indicate a relatively flat trend pattern. The pace of growth was the most pronounced in 2021 an increase of 64% against the previous year. The import price peaked at $X per ton in 2017; however, from 2018 to 2022, import prices stood at a somewhat lower figure.

Average prices varied somewhat amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was Jamaica ($X per ton), while the price for Brazil stood at $X per ton.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Jamaica (+0.4%).

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :

What are the largest markets for alumina in the world?

China remains the largest alumina consuming country worldwide, comprising approx. 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. The third position in this ranking was occupied by Brazil, with a 7.6% share.

What are the leading suppliers of alumina to Venezuela?

In value terms, China constituted the largest supplier of alumina to Venezuela, comprising 90% of total imports. The second position in the ranking was occupied by the United States, with a 10% share of total imports.

What is the average export price for alumina in Venezuela?

The average alumina export price stood at $273 per ton in 2020, shrinking by -4.6% against the previous year.

What is the average import price for alumina in Venezuela?

In 2020, the average alumina import price amounted to $542 per ton, growing by 42% against the previous year.

This report provides an in-depth analysis of the alumina market in Venezuela. 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:

Venezuela

Data coverage:

Market volume and value
Per Capita consumption
Forecast of the market dynamics in the medium term
Trade (exports and imports) in Venezuela
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