Price for Aluminium Oxide (Including Artificial Corundum); Aluminium Hydroxide in the United States - 2023
Contents:
- Price for Aluminium Oxide (Including Artificial Corundum); Aluminium Hydroxide in the United States (CIF) - 2023
- Price for Aluminium Oxide (Including Artificial Corundum); Aluminium Hydroxide in the United States (FOB) - 2022
- Imports of Aluminium Oxide (Including Artificial Corundum); Aluminium Hydroxide in the United States
- Exports of Aluminium Oxide (Including Artificial Corundum); Aluminium Hydroxide in the United States
Price for Aluminium Oxide (Including Artificial Corundum); Aluminium Hydroxide in the United States (CIF) - 2023
In December 2023, the average import price for aluminium oxide (including artificial corundum); aluminium hydroxide amounted to $467 per ton, remaining constant against the previous month. Over the period under review, the import price, however, saw a relatively flat trend pattern. The pace of growth appeared the most rapid in January 2023 when the average import price increased by 17% month-to-month. Over the period under review, average import prices hit record highs at $636 per ton in March 2023; however, from April 2023 to December 2023, import prices failed to regain momentum.
There were significant differences in the average prices amongst the major supplying countries. In December 2023, the country with the highest price was China ($780 per ton), while the price for Jamaica ($212 per ton) was amongst the lowest.
From December 2022 to December 2023, the most notable rate of growth in terms of prices was attained by Canada (+0.7%), while the prices for the other major suppliers experienced more modest paces of growth.
Price for Aluminium Oxide (Including Artificial Corundum); Aluminium Hydroxide in the United States (FOB) - 2022
In 2022, the average export price for aluminium oxide (including artificial corundum); aluminium hydroxide amounted to $2,042 per ton, increasing by 2.8% against the previous year. Overall, the export price showed a strong expansion. The most prominent rate of growth was recorded in 2017 when the average export price increased by 108% against the previous year. Over the period under review, the average export prices attained the maximum at $2,057 per ton in 2020; however, from 2021 to 2022, the export prices failed to regain momentum.
Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Belgium ($6,514 per ton), while the average price for exports to Iceland ($423 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 Georgia (+55.7%), while the prices for the other major destinations experienced more modest paces of growth.
Imports of Aluminium Oxide (Including Artificial Corundum); Aluminium Hydroxide in the United States
Imports of aluminium oxide (including artificial corundum); aluminium hydroxide into the United States skyrocketed to 2.3M tons in 2022, picking up by 29% compared with the previous year's figure. Over the period under review, imports showed a relatively flat trend pattern. As a result, imports reached the peak and are likely to continue growth in the immediate term.
In value terms, imports of aluminium oxide (including artificial corundum); aluminium hydroxide skyrocketed to $1.3B in 2022. Overall, total imports indicated tangible growth from 2019 to 2022: its value increased at an average annual rate of +2.7% over the last three-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +80.8% against 2020 indices. As a result, imports attained the peak and are likely to continue growth in the immediate term.
| Import of Aluminium Oxide (Including Artificial Corundum); Aluminium Hydroxide in the United States (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Brazil | 415 | 278 | 407 | 548 | 9.7% |
| China | 134 | 78.5 | 111 | 195 | 13.3% |
| Germany | 103 | 63.3 | 87.9 | 99.0 | -1.3% |
| Australia | 171 | 27.9 | 29.7 | 80.9 | -22.1% |
| Canada | 72.7 | 47.7 | 60.7 | 74.2 | 0.7% |
| Spain | 7.9 | 0.2 | 0.3 | 35.7 | 65.3% |
| Jamaica | 95.2 | 88.8 | 89.7 | 27.8 | -33.7% |
| Others | 203 | 135 | 139 | 241 | 5.9% |
| Total | 1,202 | 720 | 926 | 1,301 | 2.7% |
Top Suppliers of Aluminium Oxide (Including Artificial Corundum); Aluminium Hydroxide to the United States in 2022:
- Brazil (1289.4K tons)
- Australia (255.6K tons)
- China (227.7K tons)
- Canada (132.0K tons)
- Jamaica (107.4K tons)
- Spain (99.2K tons)
- Germany (35.2K tons)
Exports of Aluminium Oxide (Including Artificial Corundum); Aluminium Hydroxide in the United States
In 2022, exports of aluminium oxide (including artificial corundum); aluminium hydroxide from the United States contracted to 248K tons, waning by -2% compared with the previous year's figure. Over the period under review, exports showed a mild reduction. The pace of growth appeared the most rapid in 2021 with an increase of 18%.
In value terms, exports of aluminium oxide (including artificial corundum); aluminium hydroxide totaled $507M in 2022. The total export value increased at an average annual rate of +2.0% from 2019 to 2022; the trend pattern remained consistent, with somewhat noticeable fluctuations in certain years. The most prominent rate of growth was recorded in 2021 with an increase of 14% against the previous year. Over the period under review, the exports of hit record highs in 2022 and are likely to see steady growth in the near future.
| Export of Aluminium Oxide (Including Artificial Corundum); Aluminium Hydroxide in the United States (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| China | 48.1 | 59.0 | 87.3 | 77.1 | 17.0% |
| Mexico | 54.4 | 56.0 | 78.4 | 75.8 | 11.7% |
| Canada | 57.7 | 69.3 | 52.3 | 61.6 | 2.2% |
| Germany | 39.2 | 26.6 | 46.0 | 44.7 | 4.5% |
| Belgium | 56.1 | 55.2 | 52.5 | 39.9 | -10.7% |
| Japan | 36.6 | 25.6 | 25.1 | 30.7 | -5.7% |
| France | 13.1 | 14.1 | 25.4 | 26.5 | 26.5% |
| Netherlands | 23.1 | 20.8 | 11.4 | 16.1 | -11.3% |
| South Korea | 19.6 | 16.9 | 12.1 | 12.7 | -13.5% |
| United Arab Emirates | 1.2 | 1.5 | 4.0 | 10.3 | 104.7% |
| India | 13.6 | 7.6 | 7.4 | 7.6 | -17.6% |
| Kuwait | 13.5 | 10.0 | 7.8 | 6.7 | -20.8% |
| Iceland | 8.7 | N/A | N/A | 1.3 | -46.9% |
| Others | 92.3 | 77.3 | 93.5 | 96.0 | 1.3% |
| Total | 477 | 440 | 503 | 507 | 2.1% |
Top Export Markets for Aluminium Oxide (Including Artificial Corundum); Aluminium Hydroxide from the United States in 2022:
- Mexico (102.1K tons)
- Canada (41.6K tons)
- China (17.5K tons)
- France (12.0K tons)
- Germany (8.7K tons)
- South Korea (7.1K tons)
- Belgium (6.1K tons)
- Japan (5.8K tons)
- Netherlands (4.6K tons)
- United Arab Emirates (4.0K tons)
- Iceland (3.0K tons)
- Kuwait (2.9K tons)
- India (2.5K tons)
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