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World - Alumina - Market Analysis, Forecast, Size, Trends And Insights
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The global alumina market is forecasted to experience steady growth in consumption and market value over the period from 2022 to 2030, with a projected CAGR of +3.9% in volume and +6.3% in value. China dominates in both consumption and production of alumina, with a notable increase in per capita consumption in Bahrain. Australia leads in alumina exports. Import prices have seen fluctuations, with China having the highest export price. Overall, the alumina market is expected to continue growing in the coming years.
Market Forecast
Driven by increasing demand for alumina worldwide, the market is expected to continue an upward consumption trend over the next eight-year period. Market performance is forecast to retain its current trend pattern, expanding with an anticipated CAGR of +3.9% for the period from 2022 to 2030, which is projected to bring the market volume to 189M tons by the end of 2030.
In value terms, the market is forecast to increase with an anticipated CAGR of +6.3% for the period from 2022 to 2030, which is projected to bring the market value to $125.4B (in nominal prices) by the end of 2030.
Consumption
World Consumption of Alumina
In 2022, approx. 139M tons of alumina were consumed worldwide; increasing by 1.9% on 2021. The total consumption volume increased at an average annual rate of +3.9% from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. Over the period under review, global consumption reached the peak volume at 141M tons in 2020; however, from 2021 to 2022, consumption failed to regain momentum.
The global alumina market revenue expanded significantly to $76.6B in 2022, with an increase of 6.6% against the previous year. This figure reflects the total revenues of producers and importers (excluding logistics costs, retail marketing costs, and retailers' margins, which will be included in the final consumer price). Over the period under review, the total consumption indicated pronounced growth from 2012 to 2022: its value increased at an average annual rate of +3.7% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, consumption increased by +10.6% against 2019 indices. Global consumption peaked at $80.1B in 2017; however, from 2018 to 2022, consumption failed to regain momentum.
Consumption By Country
China (75M tons) constituted the country with the largest volume of alumina consumption, comprising approx. 54% of total volume. Moreover, alumina consumption in China exceeded the figures recorded by the second-largest consumer, Russia (8.1M tons), ninefold. India (7.7M tons) ranked third in terms of total consumption with a 5.6% share.
From 2012 to 2022, the average annual growth rate of volume in China amounted to +5.8%. In the other countries, the average annual rates were as follows: Russia (+0.5% per year) and India (+6.1% per year).
In value terms, China ($48B) led the market, alone. The second position in the ranking was held by the United Arab Emirates ($3.7B). It was followed by Russia.
From 2012 to 2022, the average annual growth rate of value in China totaled +3.6%. The remaining consuming countries recorded the following average annual rates of market growth: the United Arab Emirates (+12.1% per year) and Russia (+3.5% per year).
In 2022, the highest levels of alumina per capita consumption was registered in Bahrain (1,709 kg per person), followed by Norway (483 kg per person), the United Arab Emirates (442 kg per person) and Australia (161 kg per person), while the world average per capita consumption of alumina was estimated at 18 kg per person.
In Bahrain, alumina per capita consumption expanded at an average annual rate of +17.9% over the period from 2012-2022. In the other countries, the average annual rates were as follows: Norway (+1.0% per year) and the United Arab Emirates (+17.1% per year).
Production
World Production of Alumina
In 2022, production of alumina decreased by -0.3% to 139M tons for the first time since 2011, thus ending a ten-year rising trend. The total output volume increased at an average annual rate of +3.4% over the period from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The growth pace was the most rapid in 2013 with an increase of 9%. Over the period under review, global production hit record highs at 139M tons in 2021, and then shrank in the following year.
In value terms, alumina production reached $68.5B in 2022 estimated in export price. Over the period under review, the total production indicated a measured increase from 2012 to 2022: its value increased at an average annual rate of +2.8% 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 -0.4% against 2020 indices. The most prominent rate of growth was recorded in 2014 when the production volume increased by 56% against the previous year. Global production peaked at $89.6B in 2017; however, from 2018 to 2022, production stood at a somewhat lower figure.
Production By Country
China (74M tons) constituted the country with the largest volume of alumina production, comprising approx. 53% of total volume. Moreover, alumina production in China exceeded the figures recorded by the second-largest producer, Australia (21M tons), fourfold. The third position in this ranking was taken by Brazil (11M tons), with a 7.7% share.
In China, alumina production increased at an average annual rate of +6.9% over the period from 2012-2022. In the other countries, the average annual rates were as follows: Australia (-0.0% per year) and Brazil (+0.3% per year).
Imports
World Imports of Alumina
In 2022, the amount of alumina imported worldwide reached 37M tons, almost unchanged from the year before. The total import volume increased at an average annual rate of +1.9% over the period from 2012 to 2022; the trend pattern remained relatively stable, with somewhat noticeable fluctuations being observed in certain years. The most prominent rate of growth was recorded in 2021 with an increase of 6.7% against the previous year. Global imports peaked in 2022 and are expected to retain growth in the near future.
In value terms, alumina imports skyrocketed to $17.5B in 2022. Overall, total imports indicated a perceptible increase from 2012 to 2022: its value increased at an average annual rate of +4.4% 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 +51.2% against 2020 indices. The most prominent rate of growth was recorded in 2017 when imports increased by 31%. Over the period under review, global imports hit record highs in 2022 and are likely to see gradual growth in years to come.
Imports By Country
The purchases of the twelve major importers of alumina, namely Russia, Canada, Bahrain, Norway, the United Arab Emirates, India, Malaysia, China, Iceland, the United States, South Africa and Qatar, represented more than two-thirds of total import.
From 2012 to 2022, the biggest increases were recorded for Malaysia (with a CAGR of +69.2%), while purchases for the other global leaders experienced more modest paces of growth.
In value terms, the largest alumina importing markets worldwide were Russia ($2.6B), Canada ($1.7B) and Bahrain ($1.2B), together comprising 32% of global imports. The United Arab Emirates, India, Norway, China, Malaysia, the United States, Iceland, South Africa and Qatar lagged somewhat behind, together accounting for a further 44%.
In terms of the main importing countries, Malaysia, with a CAGR of +53.1%, recorded the highest growth rate of the value of imports, over the period under review, while purchases for the other global leaders experienced more modest paces of growth.
Import Prices By Country
In 2022, the average alumina import price amounted to $472 per ton, rising by 19% against the previous year. Over the period from 2012 to 2022, it increased at an average annual rate of +2.4%. The pace of growth was the most pronounced in 2018 when the average import price increased by 30% against the previous year. As a result, import price reached the peak level of $495 per ton. From 2019 to 2022, the average import prices remained at a lower figure.
Average prices varied somewhat amongst the major importing countries. In 2022, major importing countries recorded the following prices: in the United States ($518 per ton) and Russia ($506 per ton), while Canada ($393 per ton) and Norway ($395 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 Arab Emirates (+5.8%), while the other global leaders experienced more modest paces of growth.
Exports
World Exports of Alumina
In 2022, approx. 37M tons of alumina were exported worldwide; dropping by -7.4% on the previous year. Overall, exports, however, continue to indicate a relatively flat trend pattern. The growth pace was the most rapid in 2019 when exports increased by 60% against the previous year. Over the period under review, the global exports reached the peak figure at 40M tons in 2021, and then fell in the following year.
In value terms, alumina exports expanded notably to $15.9B in 2022. The total export value increased at an average annual rate of +3.2% from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The pace of growth appeared the most rapid in 2021 when exports increased by 47% against the previous year. Over the period under review, the global exports attained the maximum in 2022 and are likely to continue growth in the immediate term.
Exports By Country
Australia was the main exporting country with an export of around 17M tons, which amounted to 45% of total exports. Brazil (8.5M tons) took the second position in the ranking, distantly followed by Indonesia (2M tons). All these countries together held near 28% share of total exports. Ireland (1,597K tons), India (1,427K tons), Spain (987K tons), Kazakhstan (913K tons), China (677K tons), the Netherlands (626K tons) and Jamaica (606K tons) took a relatively small share of total exports.
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 +370.0%), while the other global leaders experienced more modest paces of growth.
In value terms, Australia ($6.1B), Brazil ($3.1B) and Indonesia ($772M) were the countries with the highest levels of exports in 2022, with a combined 63% share of global exports.
Indonesia, with a CAGR of +323.5%, saw the highest growth rate of the value of exports, among the main exporting countries over the period under review, while shipments for the other global leaders experienced more modest paces of growth.
Export Prices By Country
The average alumina export price stood at $424 per ton in 2022, surging by 16% against the previous year. In general, export price indicated a measured expansion from 2012 to 2022: its price increased at an average annual rate of +2.8% 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 increased by +30.9% against 2020 indices. The pace of growth appeared the most rapid in 2018 when the average export price increased by 40% against the previous year. As a result, the export price reached the peak level of $486 per ton. From 2019 to 2022, the average export prices remained at a lower figure.
There were significant differences in the average prices amongst the major exporting countries. In 2022, amid the top suppliers, the country with the highest price was China ($840 per ton), while Australia ($363 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Kazakhstan (+3.8%), while the other global leaders experienced more modest paces of growth.
This report provides an in-depth analysis of the global alumina market. 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:
Worldwide - the report contains statistical data for 200 countries and includes detailed profiles of the 50 largest consuming countries:
- USA
- China
- Japan
- Germany
- United Kingdom
- France
- Brazil
- Italy
- Russian Federation
- India
- Canada
- Australia
- Republic of Korea
- Spain
- Mexico
- Indonesia
- Netherlands
- Turkey
- Saudi Arabia
- Switzerland
- Sweden
- Nigeria
- Poland
- Belgium
- Argentina
- Norway
- Austria
- Thailand
- United Arab Emirates
- Colombia
- Denmark
- South Africa
- Malaysia
- Israel
- Singapore
- Egypt
- Philippines
- Finland
- Chile
- Ireland
- Pakistan
- Greece
- Portugal
- Kazakhstan
- Algeria
- Czech Republic
- Qatar
- Peru
- Romania
- Vietnam
+ the largest producing countries
Data coverage:
- Global market volume and value
- Per Capita consumption
- Forecast of the market dynamics in the medium term
- Global production, split by region and country
- Global trade (exports and imports)
- Export and import prices
- Market trends, drivers and restraints
- Key market players and their profiles
Company coverage:
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.
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1. INTRODUCTION
Making Data-Driven Decisions to Grow Your Business
- REPORT DESCRIPTION
- RESEARCH METHODOLOGY AND AI PLATFORM
- DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
- GLOSSARY AND SPECIFIC TERMS
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2. EXECUTIVE SUMMARY
A Quick Overview of Market Performance
- KEY FINDINGS
- MARKET TRENDS This Chapter is Available Only for the Professional Edition PRO
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3. MARKET OVERVIEW
Understanding the Current State of The Market and Its Prospects
- MARKET SIZE
- CONSUMPTION BY COUNTRY
- MARKET FORECAST TO 2030
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4. MOST PROMISING PRODUCT
Finding New Products to Diversify Your Business
This Chapter is Available Only for the Professional Edition PRO- TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
- BEST-SELLING PRODUCTS
- MOST CONSUMED PRODUCT
- MOST TRADED PRODUCT
- MOST PROFITABLE PRODUCT FOR EXPORT
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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- TOP COUNTRIES TO SOURCE YOUR PRODUCT
- TOP PRODUCING COUNTRIES
- TOP EXPORTING COUNTRIES
- LOW-COST EXPORTING COUNTRIES
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6. MOST PROMISING OVERSEAS MARKETS
Choosing the Best Countries to Boost Your Exports
This Chapter is Available Only for the Professional Edition PRO- TOP OVERSEAS MARKETS FOR EXPORTING YOUR PRODUCT
- TOP CONSUMING MARKETS
- UNSATURATED MARKETS
- TOP IMPORTING MARKETS
- MOST PROFITABLE MARKETS
7. GLOBAL PRODUCTION
The Latest Trends and Insights into The Industry
- PRODUCTION VOLUME AND VALUE
- PRODUCTION BY COUNTRY
8. GLOBAL IMPORTS
The Largest Importers on The Market and How They Succeed
- IMPORTS FROM 2012–2023
- IMPORTS BY COUNTRY
- IMPORT PRICES BY COUNTRY
9. GLOBAL EXPORTS
The Largest Exporters on The Market and How They Succeed
- EXPORTS FROM 2012–2023
- EXPORTS BY COUNTRY
- EXPORT PRICES BY COUNTRY
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10. PROFILES OF MAJOR PRODUCERS
The Largest Producers on The Market and Their Profiles
This Chapter is Available Only for the Professional Edition PRO -
11. COUNTRY PROFILES
The Largest Markets And Their Profiles
This Chapter is Available Only for the Professional Edition PRO- United States
- China
- Japan
- Germany
- United Kingdom
- France
- Brazil
- Italy
- Russian Federation
- India
- Canada
- Australia
- Republic of Korea
- Spain
- Mexico
- Indonesia
- Netherlands
- Turkey
- Saudi Arabia
- Switzerland
- Sweden
- Nigeria
- Poland
- Belgium
- Argentina
- Norway
- Austria
- Thailand
- United Arab Emirates
- Colombia
- Denmark
- South Africa
- Malaysia
- Israel
- Singapore
- Egypt
- Philippines
- Finland
- Chile
- Ireland
- Pakistan
- Greece
- Portugal
- Kazakhstan
- Algeria
- Czech Republic
- Qatar
- Peru
- Romania
- Vietnam
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LIST OF TABLES
- Key Findings In 2023
- Market Volume, In Physical Terms, 2012–2023
- Market Value, 2012–2023
- Per Capita Consumption, By Country, 2018–2023
- Production, In Physical Terms, By Country, 2012–2023
- Imports, In Physical Terms, By Country, 2012–2023
- Imports, In Value Terms, By Country, 2012–2023
- Import Prices, By Country Of Destination, 2012–2023
- Exports, In Physical Terms, By Country, 2012–2023
- Exports, In Value Terms, By Country, 2012–2023
- Export Prices, By Country Of Origin, 2012–2023
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LIST OF FIGURES
- Market Volume, In Physical Terms, 2012–2023
- Market Value, 2012–2023
- Consumption, By Country, 2023
- Market Volume Forecast to 2030
- Market Value Forecast to 2030
- Products: Market Size And Growth, By Type
- Products: Average Per Capita Consumption, By Type
- Products: Exports And Growth, By Type
- Products: Export Prices And Growth, By Type
- Production Volume And Growth
- Exports And Growth
- Export Prices And Growth
- Market Size And Growth
- Per Capita Consumption
- Imports And Growth
- Import Prices
- Production, In Physical Terms, 2012–2023
- Production, In Value Terms, 2012–2023
- Production, By Country, 2023
- Production, In Physical Terms, By Country, 2012–2023
- Imports, In Physical Terms, 2012–2023
- Imports, In Value Terms, 2012–2023
- Imports, In Physical Terms, By Country, 2023
- Imports, In Physical Terms, By Country, 2012–2023
- Imports, In Value Terms, By Country, 2012–2023
- Import Prices, By Country, 2012–2023
- Exports, In Physical Terms, 2012–2023
- Exports, In Value Terms, 2012–2023
- Exports, In Physical Terms, By Country, 2023
- Exports, In Physical Terms, By Country, 2012–2023
- Exports, In Value Terms, By Country, 2012–2023
- Export Prices, 2012–2023
This report provides an in-depth analysis of the global alumina market.
This report provides an in-depth analysis of the global aluminium hydroxide market.
This report provides an in-depth analysis of the global artificial corundum market.
Discover the top-10 countries by import value of alumina in 2023 and learn about the global market trends and key statistics.
Learn about the projected growth of the global alumina market over the next seven years, driven by increasing demand and expected to reach 183M tons in volume and $145.7B in value by 2030.
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