Price for Aluminium Oxide (Including Artificial Corundum); Aluminium Hydroxide in India - 2023
Contents:
- Price for Aluminium Oxide (Including Artificial Corundum); Aluminium Hydroxide in India (CIF) - 2023
- Price for Aluminium Oxide (Including Artificial Corundum); Aluminium Hydroxide in India (FOB) - 2023
- Imports of Aluminium Oxide (Including Artificial Corundum); Aluminium Hydroxide in India
- Exports of Aluminium Oxide (Including Artificial Corundum); Aluminium Hydroxide in India
Price for Aluminium Oxide (Including Artificial Corundum); Aluminium Hydroxide in India (CIF) - 2023
The average import price for aluminium oxide (including artificial corundum); aluminium hydroxide stood at $403 per ton in October 2023, reducing by -5.7% against the previous month. Over the period under review, the import price showed a relatively flat trend pattern. The pace of growth appeared the most rapid in January 2023 an increase of 13% against the previous month. Over the period under review, average import prices hit record highs at $459 per ton in November 2022; however, from December 2022 to October 2023, import prices remained at a lower figure.
There were significant differences in the average prices amongst the major supplying countries. In October 2023, the country with the highest price was China ($799 per ton), while the price for Indonesia ($362 per ton) was amongst the lowest.
From October 2022 to October 2023, the most notable rate of growth in terms of prices was attained by Indonesia (-0.2%), while the prices for the other major suppliers experienced a decline.
Price for Aluminium Oxide (Including Artificial Corundum); Aluminium Hydroxide in India (FOB) - 2023
In October 2023, the average export price for aluminium oxide (including artificial corundum); aluminium hydroxide amounted to $389 per ton, with an increase of 6.4% against the previous month. In general, the export price recorded a relatively flat trend pattern. The pace of growth was the most pronounced in January 2023 an increase of 9.5% against the previous month. The export price peaked at $407 per ton in April 2023; however, from May 2023 to October 2023, the export prices remained at a lower figure.
Prices varied noticeably by the country of destination: the country with the highest price was the United Arab Emirates ($802 per ton), while the average price for exports to the UK ($351 per ton) was amongst the lowest.
From October 2022 to October 2023, the most notable rate of growth in terms of prices was recorded for supplies to the United Arab Emirates (+8.0%), while the prices for the other major destinations experienced more modest paces of growth.
Imports of Aluminium Oxide (Including Artificial Corundum); Aluminium Hydroxide in India
In 2022, imports of aluminium oxide (including artificial corundum); aluminium hydroxide into India amounted to 2.5M tons, leveling off at 2021. The total import volume increased at an average annual rate of +1.9% over the period from 2019 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The most prominent rate of growth was recorded in 2021 with an increase of 29% against the previous year. Over the period under review, imports of attained the maximum in 2022 and are likely to continue growth in years to come.
In value terms, imports of aluminium oxide (including artificial corundum); aluminium hydroxide expanded remarkably to $1.2B in 2022. In general, total imports indicated a buoyant increase from 2019 to 2022: its value increased at an average annual rate of +7.5% over the last three years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +86.9% against 2020 indices. The growth pace was the most rapid in 2021 with an increase of 63% against the previous year. Imports peaked in 2022 and are expected to retain growth in the immediate term.
Import of Aluminium Oxide (Including Artificial Corundum); Aluminium Hydroxide in India (Million USD) | |||||
---|---|---|---|---|---|
COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
Indonesia | 174 | 126 | 178 | 447 | 37.0% |
Vietnam | 257 | 76.8 | 285 | 314 | 6.9% |
Australia | 393 | 330 | 401 | 280 | -10.7% |
China | 62.1 | 51.7 | 88.1 | 104 | 18.8% |
Others | 106 | 76.9 | 123 | 89.6 | -5.4% |
Total | 993 | 661 | 1,074 | 1,235 | 7.5% |
Top Suppliers of Aluminium Oxide (Including Artificial Corundum); Aluminium Hydroxide to India in 2022:
- Indonesia (1028.4K tons)
- Vietnam (704.7K tons)
- Australia (644.2K tons)
- China (96.0K tons)
Exports of Aluminium Oxide (Including Artificial Corundum); Aluminium Hydroxide in India
In 2022, exports of aluminium oxide (including artificial corundum); aluminium hydroxide from India skyrocketed to 1.9M tons, rising by 22% against 2021 figures. The total export volume increased at an average annual rate of +9.6% from 2019 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. As a result, the exports attained the peak and are likely to continue growth in the immediate term.
In value terms, exports of aluminium oxide (including artificial corundum); aluminium hydroxide skyrocketed to $780M in 2022. Over the period under review, total exports indicated a strong increase from 2019 to 2022: its value increased at an average annual rate of +15.0% over the last three-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, exports increased by +97.8% against 2020 indices. The growth pace was the most rapid in 2021 when exports increased by 51%. Over the period under review, the exports of reached the peak figure in 2022 and are expected to retain growth in years to come.
Export of Aluminium Oxide (Including Artificial Corundum); Aluminium Hydroxide in India (Million USD) | |||||
---|---|---|---|---|---|
COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
United Arab Emirates | 180 | 102 | 141 | 314 | 20.4% |
Oman | 0.1 | 0.1 | 0.4 | 178 | 1111.9% |
Russia | 0.1 | N/A | N/A | 58.8 | 737.8% |
United Kingdom | 1.4 | 1.3 | 41.6 | 57.9 | 245.8% |
Malaysia | 89.6 | 51.7 | 57.5 | 26.7 | -33.2% |
China | 54.4 | 41.1 | 108 | 24.6 | -23.2% |
Egypt | 59.1 | 47.1 | 45.5 | 16.9 | -34.1% |
Georgia | N/A | N/A | N/A | 11.4 | 0% |
Others | 128 | 151 | 199 | 91.4 | -10.6% |
Total | 512 | 394 | 593 | 780 | 15.1% |
Top Export Markets for Aluminium Oxide (Including Artificial Corundum); Aluminium Hydroxide from India in 2022:
- United Arab Emirates (753.5K tons)
- Oman (458.9K tons)
- Russia (160.5K tons)
- United Kingdom (154.8K tons)
- Malaysia (73.2K tons)
- China (68.4K tons)
- Georgia (31.5K tons)
- Egypt (30.6K tons)
This report provides an in-depth analysis of the alumina market in India.
This report provides an in-depth analysis of the aluminium hydroxide market in India.
This report provides an in-depth analysis of the artificial corundum market in India.
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.
This report provides an in-depth analysis of the alumina market in India.
This report provides an in-depth analysis of the aluminium hydroxide market in India.
This report provides an in-depth analysis of the artificial corundum market in India.
This report provides an in-depth analysis of the global alumina market.
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