Price for Aluminium Oxide (Including Artificial Corundum); Aluminium Hydroxide in Mexico - 2023
Contents:
- Price for Aluminium Oxide (Including Artificial Corundum); Aluminium Hydroxide in Mexico (CIF) - 2022
- Price for Aluminium Oxide (Including Artificial Corundum); Aluminium Hydroxide in Mexico (FOB) - 2023
- Imports of Aluminium Oxide (Including Artificial Corundum); Aluminium Hydroxide in Mexico
- Exports of Aluminium Oxide (Including Artificial Corundum); Aluminium Hydroxide in Mexico
Price for Aluminium Oxide (Including Artificial Corundum); Aluminium Hydroxide in Mexico (CIF) - 2022
In 2022, the average import price for aluminium oxide (including artificial corundum); aluminium hydroxide amounted to $1,111 per ton, growing by 4.6% against the previous year. Over the period under review, the import price enjoyed a strong expansion. The pace of growth appeared the most rapid in 2015 when the average import price increased by 262% against the previous year. The import price peaked at $4,250 per ton in 2016; however, from 2017 to 2022, import prices remained at a lower figure.
Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was China ($1,657 per ton), while the price for the United States ($908 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by the United States (+7.0%), while the prices for the other major suppliers experienced more modest paces of growth.
Price for Aluminium Oxide (Including Artificial Corundum); Aluminium Hydroxide in Mexico (FOB) - 2023
The average export price for aluminium oxide (including artificial corundum); aluminium hydroxide stood at $1,291 per ton in June 2023, remaining constant against the previous month. Overall, the export price posted a resilient expansion. The most prominent rate of growth was recorded in April 2023 an increase of 155% m-o-m. The export price peaked in June 2023.
As there is only one major export destination, the average price level is determined by prices for the United States.
From August 2022 to June 2023, the rate of growth in terms of prices for the United States amounted to +12.7% per month.
Imports of Aluminium Oxide (Including Artificial Corundum); Aluminium Hydroxide in Mexico
In 2022, the amount of aluminium oxide (including artificial corundum); aluminium hydroxide imported into Mexico rose rapidly to 121K tons, increasing by 12% against the year before. The total import volume increased at an average annual rate of +8.6% 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 likely to see steady growth in years to come.
In value terms, imports of aluminium oxide (including artificial corundum); aluminium hydroxide surged to $134M in 2022. Over the period under review, total imports indicated a resilient expansion from 2019 to 2022: its value increased at an average annual rate of +11.5% 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 +46.9% against 2020 indices. The most prominent rate of growth was recorded in 2021 with an increase of 25%. Imports peaked in 2022 and are likely to see gradual growth in the immediate term.
| Import of Aluminium Oxide (Including Artificial Corundum); Aluminium Hydroxide in Mexico (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| United States | 50.5 | 56.9 | 65.3 | 70.9 | 12.0% |
| China | 11.9 | 12.5 | 23.3 | 27.6 | 32.4% |
| Brazil | 19.8 | 8.4 | 10.7 | 18.9 | -1.5% |
| Germany | 5.4 | 5.9 | 6.8 | 7.5 | 11.6% |
| France | 1.1 | 1.3 | 2.5 | 3.3 | 44.2% |
| Others | 8.2 | 6.3 | 5.6 | 5.8 | -10.9% |
| Total | 96.8 | 91.3 | 114 | 134 | 11.4% |
Top Suppliers of Aluminium Oxide (Including Artificial Corundum); Aluminium Hydroxide to Mexico in 2022:
- United States (78.1K tons)
- China (16.7K tons)
- Brazil (15.5K tons)
- Germany (6.1K tons)
- France (2.1K tons)
Exports of Aluminium Oxide (Including Artificial Corundum); Aluminium Hydroxide in Mexico
Exports of aluminium oxide (including artificial corundum); aluminium hydroxide from Mexico shrank dramatically to 752 tons in 2022, waning by -20% against the previous year. In general, exports faced a abrupt slump. The most prominent rate of growth was recorded in 2021 when exports increased by 16% against the previous year.
In value terms, exports of aluminium oxide (including artificial corundum); aluminium hydroxide skyrocketed to $1.4M in 2022. Over the period under review, exports, however, recorded a relatively flat trend pattern. 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 Mexico (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| United States | 1,282 | 931 | 1,142 | 1,385 | 2.6% |
| Canada | 24.2 | 33.5 | N/A | N/A | 38.4% |
| Others | 61.6 | 25.2 | 7.4 | 11.0 | -43.7% |
| Total | 1,367 | 989 | 1,150 | 1,396 | 0.7% |
Top Export Markets for Aluminium Oxide (Including Artificial Corundum); Aluminium Hydroxide from Mexico in 2022:
- United States (749.4 tons)
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