Africa: Alumina Market 2024

Alumina Market Size in Africa

In 2023, after two years of growth, there was significant decline in the African alumina market, when its value decreased by X% to $X. The total consumption indicated noticeable growth from 2012 to 2023: its value increased at an average annual rate of X% over the last eleven years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. As a result, consumption reached the peak level of $X. From 2014 to 2023, the growth of the market remained at a lower figure.

Alumina Production in Africa

In value terms, alumina production rose significantly to $X in 2023 estimated in export price. Over the period under review, production continues to indicate a pronounced expansion. The growth pace was the most rapid in 2013 with an increase of X%. As a result, production reached the peak level of $X. From 2014 to 2023, production growth remained at a lower figure.

Alumina Exports

Exports in Africa

In 2023, shipments abroad of alumina decreased by X% to X tons, falling for the second consecutive year after three years of growth. Total exports indicated a perceptible expansion from 2012 to 2023: its volume increased at an average annual rate of X% over the last eleven years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2023 figures, exports decreased by X% against 2021 indices. The most prominent rate of growth was recorded in 2019 when exports increased by X% against the previous year. Over the period under review, the exports reached the peak figure at X tons in 2021; however, from 2022 to 2023, the exports stood at a somewhat lower figure.

In value terms, alumina exports declined to $X in 2023. Total exports indicated resilient growth from 2012 to 2023: its value increased at an average annual rate of X% over the last eleven-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. The pace of growth was the most pronounced in 2014 with an increase of X% against the previous year. The level of export peaked at $X in 2022, and then dropped slightly in the following year.

Exports by Country

Guinea was the largest exporter of alumina in Africa, with the volume of exports amounting to X tons, which was approx. X% of total exports in 2023. It was distantly followed by Cameroon (X tons), achieving a X% share of total exports.

Guinea was also the fastest-growing in terms of the alumina exports, with a CAGR of X% from 2012 to 2023. Cameroon (X%) illustrated a downward trend over the same period. From 2012 to 2023, the share of Guinea increased by X percentage points.

In value terms, Guinea ($X) remains the largest alumina supplier in Africa, comprising X% of total exports. The second position in the ranking was held by Cameroon ($X), with a X% share of total exports.

From 2012 to 2023, the average annual rate of growth in terms of value in Guinea amounted to X%.

Export Prices by Country

The export price in Africa stood at $X per ton in 2023, flattening at the previous year. Over the last eleven-year period, it increased at an average annual rate of X%. The most prominent rate of growth was recorded in 2013 when the export price increased by X% against the previous year. Over the period under review, the export prices hit record highs at $X per ton in 2018; however, from 2019 to 2023, the export prices failed to regain momentum.

Average prices varied noticeably amongst the major exporting countries. In 2023, amid the top suppliers, the country with the highest price was Guinea ($X per ton), while Cameroon amounted to $X per ton.

From 2012 to 2023, the most notable rate of growth in terms of prices was attained by Cameroon (X%).

Alumina Imports

Imports in Africa

In 2023, approx. X tons of alumina were imported in Africa; growing by X% compared with 2022 figures. The total import volume increased at an average annual rate of X% over the period from 2012 to 2023; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The pace of growth was the most pronounced in 2021 with an increase of X% against the previous year. As a result, imports reached the peak of X tons. From 2022 to 2023, the growth of imports failed to regain momentum.

In value terms, alumina imports fell to $X in 2023. Over the period under review, imports enjoyed a perceptible increase. The most prominent rate of growth was recorded in 2017 with an increase of X%. The level of import peaked at $X in 2018; however, from 2019 to 2023, imports failed to regain momentum.

Imports by Country

South Africa dominates imports structure, resulting at X tons, which was approx. X% of total imports in 2023. Cameroon (X tons) took the second position in the ranking, followed by Egypt (X tons). All these countries together took approx. X% share of total imports. Ghana (X tons) followed a long way behind the leaders.

South Africa experienced a relatively flat trend pattern with regard to volume of imports of alumina. At the same time, Egypt (X%), Ghana (X%) and Cameroon (X%) displayed positive paces of growth. Moreover, Egypt emerged as the fastest-growing importer imported in Africa, with a CAGR of X% from 2012-2023. Egypt (X p.p.), Cameroon (X p.p.) and Ghana (X p.p.) significantly strengthened its position in terms of the total imports, while South Africa saw its share reduced by X% from 2012 to 2023, respectively.

In value terms, South Africa ($X) constitutes the largest market for imported alumina in Africa, comprising X% of total imports. The second position in the ranking was taken by Egypt ($X), with a X% share of total imports. It was followed by Cameroon, with a X% share.

In South Africa, alumina imports increased at an average annual rate of X% over the period from 2012-2023. In the other countries, the average annual rates were as follows: Egypt (X% per year) and Cameroon (X% per year).

Import Prices by Country

The import price in Africa stood at $X per ton in 2023, which is down by X% against the previous year. Import price indicated temperate growth from 2012 to 2023: its price increased at an average annual rate of X% over the last eleven-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2023 figures, alumina import price increased by X% against 2021 indices. The growth pace was the most rapid in 2022 when the import price increased by X%. Over the period under review, import prices attained the peak figure at $X per ton in 2018; however, from 2019 to 2023, import prices failed to regain momentum.

There were significant differences in the average prices amongst the major importing countries. In 2023, amid the top importers, the country with the highest price was Egypt ($X per ton), while Cameroon ($X per ton) was amongst the lowest.

From 2012 to 2023, the most notable rate of growth in terms of prices was attained by Egypt (X%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform