Price for Aluminium Oxide (Including Artificial Corundum); Aluminium Hydroxide in South Africa - 2023
Contents:
- Price for Aluminium Oxide (Including Artificial Corundum); Aluminium Hydroxide in South Africa (CIF) - 2023
- Price for Aluminium Oxide (Including Artificial Corundum); Aluminium Hydroxide in South Africa (FOB) - 2022
- Imports of Aluminium Oxide (Including Artificial Corundum); Aluminium Hydroxide in South Africa
- Exports of Aluminium Oxide (Including Artificial Corundum); Aluminium Hydroxide in South Africa
Price for Aluminium Oxide (Including Artificial Corundum); Aluminium Hydroxide in South Africa (CIF) - 2023
The average import price for aluminium oxide (including artificial corundum); aluminium hydroxide stood at $364 per ton in December 2023, shrinking by -2.8% against the previous month. In general, the import price, however, recorded a relatively flat trend pattern. The most prominent rate of growth was recorded in March 2023 an increase of 8.3% against the previous month. The import price peaked at $408 per ton in April 2023; however, from May 2023 to December 2023, import prices remained at a lower figure.
As there is only one major supplying country, the average price level is determined by prices for Australia.
From December 2022 to December 2023, the rate of growth in terms of prices for Australia amounted to +0.5% per month.
Price for Aluminium Oxide (Including Artificial Corundum); Aluminium Hydroxide in South Africa (FOB) - 2022
In 2022, the average export price for aluminium oxide (including artificial corundum); aluminium hydroxide amounted to $1,150 per ton, growing by 13% against the previous year. Over the period under review, the export price continues to indicate a strong expansion. The most prominent rate of growth was recorded in 2018 when the average export price increased by 79%. The export price peaked at $1,181 per ton in 2020; however, from 2021 to 2022, the export prices failed to regain momentum.
There were significant differences in the average prices for the major overseas markets. In 2022, amid the top suppliers, the country with the highest price was Finland ($1,742 per ton), while the average price for exports to Democratic Republic of the Congo ($380 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 Austria (+99.1%), while the prices for the other major destinations experienced more modest paces of growth.
Imports of Aluminium Oxide (Including Artificial Corundum); Aluminium Hydroxide in South Africa
In 2022, after three years of growth, there was significant decline in purchases abroad of aluminium oxide (including artificial corundum); aluminium hydroxide, when their volume decreased by -28.7% to 1.3M tons. Over the period under review, imports saw a mild descent. The pace of growth was the most pronounced in 2021 when imports increased by 31%. As a result, imports attained the peak of 1.9M tons, and then dropped notably in the following year.
In value terms, imports of aluminium oxide (including artificial corundum); aluminium hydroxide amounted to $564M in 2022. The total import value increased at an average annual rate of +3.0% over the period from 2019 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The growth pace was the most rapid in 2021 with an increase of 19% against the previous year. Imports peaked in 2022 and are expected to retain growth in years to come.
| Import of Aluminium Oxide (Including Artificial Corundum); Aluminium Hydroxide in South Africa (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Australia | 489 | 407 | 479 | 538 | 3.2% |
| Others | 26.5 | 15.2 | 21.9 | 25.5 | -1.3% |
| Total | 516 | 423 | 501 | 564 | 3.0% |
Top Suppliers of Aluminium Oxide (Including Artificial Corundum); Aluminium Hydroxide to South Africa in 2022:
- Australia (1303.0K tons)
Exports of Aluminium Oxide (Including Artificial Corundum); Aluminium Hydroxide in South Africa
In 2022, exports of aluminium oxide (including artificial corundum); aluminium hydroxide from South Africa skyrocketed to 2.9K tons, jumping by 41% against the previous year's figure. In general, exports, however, saw a slight descent. The pace of growth was the most pronounced in 2021 with an increase of 43%.
In value terms, exports of aluminium oxide (including artificial corundum); aluminium hydroxide skyrocketed to $3.4M in 2022. Over the period under review, exports enjoyed a tangible increase. As a result, the exports attained the peak and are likely to continue growth in the immediate term.
| Export of Aluminium Oxide (Including Artificial Corundum); Aluminium Hydroxide in South Africa (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| United States | 741 | 683 | 160 | 1,057 | 12.6% |
| Finland | 363 | 97.6 | 513 | 636 | 20.6% |
| Netherlands | 589 | 283 | 381 | 368 | -14.5% |
| Cote d'Ivoire | N/A | N/A | 0.5 | 89.8 | 17860.0% |
| Democratic Republic of the Congo | 6.0 | 10.7 | 8.5 | 83.2 | 140.2% |
| Zimbabwe | 24.0 | 16.1 | 42.9 | 36.1 | 14.6% |
| Madagascar | 14.6 | 8.0 | 6.2 | 33.8 | 32.3% |
| Spain | 265 | 55.8 | 3.0 | 4.4 | -74.5% |
| United Kingdom | 56.6 | 0.8 | 63.5 | 2.2 | -66.1% |
| Others | 959 | 553 | 920 | 1,046 | 2.9% |
| Total | 3,019 | 1,708 | 2,099 | 3,356 | 3.6% |
Top Export Markets for Aluminium Oxide (Including Artificial Corundum); Aluminium Hydroxide from South Africa in 2022:
- United States (965.0 tons)
- Netherlands (820.7 tons)
- Finland (365.1 tons)
- Democratic Republic of the Congo (219.0 tons)
- Cote d'Ivoire (73.3 tons)
- Zimbabwe (55.2 tons)
- Madagascar (53.0 tons)
- United Kingdom (6.0 tons)
- Spain (1.2 tons)
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