Vietnam: Alumina Market 2024

Alumina Market Size in Vietnam

The Vietnamese alumina market rose significantly to $X in 2022, growing by 15% against the previous year. Over the period under review, consumption enjoyed significant growth. As a result, consumption reached the peak level of $X. From 2021 to 2022, the growth of the market failed to regain momentum.

Alumina Production in Vietnam

In value terms, alumina production expanded markedly to $X in 2022 estimated in export price. Over the period under review, production, however, saw a significant expansion. The most prominent rate of growth was recorded in 2017 when the production volume increased by 77%. Over the period under review, production attained the maximum level at $X in 2020; however, from 2021 to 2022, production remained at a lower figure.

Alumina Exports

Exports from Vietnam

In 2022, exports of alumina from Vietnam dropped significantly to X tons, which is down by -17.4% compared with 2021. Overall, exports, however, posted a significant expansion. The growth pace was the most rapid in 2014 when exports increased by 318%. 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 to $X in 2022. In general, exports, however, showed a significant expansion. The growth pace was the most rapid in 2014 with an increase of 226%. The exports peaked at $X in 2018; however, from 2019 to 2022, the exports failed to regain momentum.

Exports by Country

The United Arab Emirates (X tons), India (X tons) and China (X tons) were the main destinations of alumina exports from Vietnam, together accounting for 98% of total exports.

From 2012 to 2022, the biggest increases were recorded for the United Arab Emirates (with a CAGR of +26.6%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, India ($X), China ($X) and the United Arab Emirates ($X) were the largest markets for alumina exported from Vietnam worldwide, together accounting for 98% of total exports.

The United Arab Emirates, with a CAGR of +41.0%, recorded the highest rates of growth with regard to the value of exports, among 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, rising by 7.7% against the previous year. Overall, export price indicated a modest expansion from 2012 to 2022: its price increased at an average annual rate of +1.1% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, alumina export price decreased by -9.8% against 2020 indices. The most prominent rate of growth was recorded in 2020 an increase of 49% against the previous year. As a result, the export price attained the peak level of $X per ton. From 2021 to 2022, the average export prices remained at a lower figure.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was China ($X per ton), while the average price for exports to the United Arab Emirates ($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 India (+13.3%), while the prices for the other major destinations experienced more modest paces of growth.

Alumina Imports

Imports into Vietnam

In 2022, approx. X tons of alumina were imported into Vietnam; which is down by -4.6% compared with the previous year. In general, total imports indicated a resilient increase from 2012 to 2022: its volume increased at an average annual rate of +6.3% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +57.5% against 2020 indices. The pace of growth appeared the most rapid in 2021 when imports increased by 65% against the previous year. As a result, imports attained the peak of X tons, and then shrank slightly in the following year.

In value terms, alumina imports shrank dramatically to $X in 2022. Over the period under review, total imports indicated a resilient expansion from 2012 to 2022: its value increased at an average annual rate of +5.1% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports decreased by -5.0% against 2017 indices. The most prominent rate of growth was recorded in 2021 when imports increased by 47%. As a result, imports attained the peak of $X, and then dropped sharply in the following year.

Imports by Country

China (X tons), South Korea (X tons) and Japan (X tons) were the main suppliers of alumina imports to Vietnam, with a combined 59% share of total imports. Germany, France, Canada, India and the United States lagged somewhat behind, together comprising a further 34%.

From 2012 to 2022, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by Canada (with a CAGR of +59.0%), while imports for the other leaders experienced more modest paces of growth.

In value terms, the largest alumina suppliers to Vietnam were China ($X), South Korea ($X) and Japan ($X), with a combined 59% share of total imports. Germany, France, Canada, India and the United States lagged somewhat behind, together comprising a further 35%.

In terms of the main suppliers, Canada, with a CAGR of +56.4%, saw the highest rates of growth with regard to the value of imports, over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

The average alumina import price stood at $X per ton in 2022, declining by -11.9% against the previous year. In general, the import price saw a slight downturn. The pace of growth was the most pronounced in 2019 an increase of 18%. The import price peaked at $X per ton in 2013; however, from 2014 to 2022, import prices remained at a lower figure.

Average prices varied noticeably amongst the major supplying countries. In 2022, amid the top importers, the countries with the highest prices were the United States ($X per ton) and India ($X per ton), while the price for France ($X per ton) and Canada ($X per ton) were amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by the United States (-0.3%), while the prices for the other major suppliers experienced a decline.

Source: IndexBox Platform

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