Price for Aluminium Oxide (Including Artificial Corundum); Aluminium Hydroxide in Japan - 2023
Contents:
- Price for Aluminium Oxide (Including Artificial Corundum); Aluminium Hydroxide in Japan (CIF) - 2023
- Price for Aluminium Oxide (Including Artificial Corundum); Aluminium Hydroxide in Japan (FOB) - 2023
- Imports of Aluminium Oxide (Including Artificial Corundum); Aluminium Hydroxide in Japan
- Exports of Aluminium Oxide (Including Artificial Corundum); Aluminium Hydroxide in Japan
Price for Aluminium Oxide (Including Artificial Corundum); Aluminium Hydroxide in Japan (CIF) - 2023
In November 2023, the average import price for aluminium oxide (including artificial corundum); aluminium hydroxide amounted to $416 per ton, which is down by -17.5% against the previous month. In general, the import price showed a relatively flat trend pattern. The pace of growth appeared the most rapid in March 2023 when the average import price increased by 114% m-o-m. As a result, import price reached the peak level of $795 per ton. From April 2023 to November 2023, the average import prices remained at a lower figure.
Prices varied noticeably by the country of origin: the country with the highest price was China ($781 per ton), while the price for Brazil ($257 per ton) was amongst the lowest.
From November 2022 to November 2023, the most notable rate of growth in terms of prices was attained by Australia (+0.0%), while the prices for the other major suppliers experienced a decline.
Price for Aluminium Oxide (Including Artificial Corundum); Aluminium Hydroxide in Japan (FOB) - 2023
In November 2023, the average export price for aluminium oxide (including artificial corundum); aluminium hydroxide amounted to $2,197 per ton, reducing by -7.7% against the previous month. In general, the export price recorded a mild descent. The most prominent rate of growth was recorded in October 2023 when the average export price increased by 14% against the previous month. The export price peaked at $2,768 per ton in January 2023; however, from February 2023 to November 2023, the export prices remained at a lower figure.
There were significant differences in the average prices for the major external markets. In November 2023, the country with the highest price was the United States ($4,079 per ton), while the average price for exports to India ($844 per ton) was amongst the lowest.
From November 2022 to November 2023, the most notable rate of growth in terms of prices was recorded for supplies to Thailand (+2.7%), while the prices for the other major destinations experienced a decline.
Imports of Aluminium Oxide (Including Artificial Corundum); Aluminium Hydroxide in Japan
In 2022, approx. 1M tons of aluminium oxide (including artificial corundum); aluminium hydroxide were imported into Japan; surging by 6.4% on the previous year. Over the period under review, imports, however, recorded a relatively flat trend pattern. The growth pace was the most rapid in 2021 with an increase of 8.3%.
In value terms, imports of aluminium oxide (including artificial corundum); aluminium hydroxide surged to $526M in 2022. The total import value increased at an average annual rate of +3.8% over the period from 2019 to 2022; the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The most prominent rate of growth was recorded in 2021 when imports increased by 29% against the previous year. Over the period under review, imports of hit record highs in 2022 and are expected to retain growth in years to come.
| Import of Aluminium Oxide (Including Artificial Corundum); Aluminium Hydroxide in Japan (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| China | 140 | 95.9 | 154 | 148 | 1.9% |
| Brazil | 78.1 | 56.6 | 70.0 | 119 | 15.1% |
| Australia | 95.2 | 72.7 | 81.1 | 101 | 2.0% |
| Germany | 22.4 | 19.5 | 32.8 | 38.4 | 19.7% |
| South Korea | 43.5 | 28.0 | 31.5 | 32.1 | -9.6% |
| Indonesia | 4.9 | 9.5 | 14.0 | 21.1 | 62.7% |
| France | 29.1 | 22.1 | 21.5 | 18.4 | -14.2% |
| Others | 56.9 | 40.8 | 40.5 | 49.1 | -4.8% |
| Total | 470 | 345 | 446 | 526 | 3.8% |
Top Suppliers of Aluminium Oxide (Including Artificial Corundum); Aluminium Hydroxide to Japan in 2022:
- Brazil (386.3K tons)
- Australia (339.4K tons)
- China (155.8K tons)
- South Korea (45.9K tons)
- Indonesia (40.1K tons)
- Germany (16.4K tons)
- France (11.3K tons)
Exports of Aluminium Oxide (Including Artificial Corundum); Aluminium Hydroxide in Japan
In 2022, approx. 101K tons of aluminium oxide (including artificial corundum); aluminium hydroxide were exported from Japan; reducing by -17.4% compared with 2021. Overall, exports continue to indicate a pronounced shrinkage. The most prominent rate of growth was recorded in 2021 with an increase of 27% against the previous year. As a result, the exports reached the peak of 123K tons, and then reduced dramatically in the following year.
In value terms, exports of aluminium oxide (including artificial corundum); aluminium hydroxide shrank to $247M in 2022. The total export value increased at an average annual rate of +2.1% over the period from 2019 to 2022; the trend pattern remained relatively stable, with only minor fluctuations throughout the analyzed period. The most prominent rate of growth was recorded in 2021 when exports increased by 25% against the previous year. As a result, the exports attained the peak of $279M, and then shrank in the following year.
| Export of Aluminium Oxide (Including Artificial Corundum); Aluminium Hydroxide in Japan (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| China | 61.6 | 67.6 | 85.7 | 80.6 | 9.4% |
| South Korea | 58.8 | 44.3 | 50.1 | 43.5 | -9.6% |
| United States | 41.4 | 34.2 | 38.1 | 37.0 | -3.7% |
| Taiwan (Chinese) | 17.3 | 19.0 | 22.3 | 16.6 | -1.4% |
| Thailand | 13.4 | 16.1 | 18.3 | 14.1 | 1.7% |
| Malaysia | 4.5 | 3.0 | 5.7 | 4.3 | -1.5% |
| Brazil | 3.0 | 3.1 | 5.1 | 3.2 | 2.2% |
| Indonesia | 5.4 | 3.0 | 3.7 | 3.2 | -16.0% |
| Others | 25.9 | 32.6 | 50.3 | 44.0 | 19.3% |
| Total | 231 | 223 | 279 | 247 | 2.3% |
Top Export Markets for Aluminium Oxide (Including Artificial Corundum); Aluminium Hydroxide from Japan in 2022:
- China (30.5K tons)
- South Korea (26.2K tons)
- Taiwan (Chinese) (12.6K tons)
- United States (8.1K tons)
- Thailand (5.8K tons)
- Brazil (2.7K tons)
- Indonesia (2.6K tons)
- Malaysia (2.6K tons)
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