Bauxite Market in China
Market Overview
The Chinese bauxite market rose slightly to $
in , picking up by % against the previous year. This figure reflects the total revenues of producers and importers (excluding logistics costs, retail marketing costs, and retailers' margins, which will be included in the final consumer price). Over the period under review, consumption recorded a strong expansion. Over the period under review, the market hit record highs at $ in 2019; however, from to , consumption remained at a lower figure.
In value terms, bauxite production totaled $ in estimated in export price. In general, production showed strong growth. The growth pace was the most rapid in 2009 when the production volume increased by % against the previous year. Bauxite production peaked at $ in 2014; however, from 2015 to , production stood at a somewhat lower figure.
in , picking up by % against the previous year. This figure reflects the total revenues of producers and importers (excluding logistics costs, retail marketing costs, and retailers' margins, which will be included in the final consumer price). Over the period under review, consumption recorded a strong expansion. Over the period under review, the market hit record highs at $ in 2019; however, from to , consumption remained at a lower figure.In value terms, bauxite production totaled $
in estimated in export price. In general, production showed strong growth. The growth pace was the most rapid in 2009 when the production volume increased by % against the previous year. Bauxite production peaked at $ in 2014; however, from 2015 to , production stood at a somewhat lower figure.Consumption
For the seventh consecutive year, China recorded growth in consumption of bauxite, which increased by % to tonnes in . Over the period under review, consumption continues to indicate a prominent increase. Bauxite consumption peaked in and is expected to retain growth in the near future.
The revenue of the bauxite market in China totaled $ in , growing by % against the previous year. This figure reflects the total revenues of producers and importers (excluding logistics costs, retail marketing costs, and retailers' margins, which will be included in the final consumer price). Overall, consumption continues to indicate a strong increase. Over the period under review, the market attained the maximum level at $ in 2019; however, from to , consumption failed to regain momentum.
% to tonnes in . Over the period under review, consumption continues to indicate a prominent increase. Bauxite consumption peaked in and is expected to retain growth in the near future.The revenue of the bauxite market in China totaled $
in , growing by % against the previous year. This figure reflects the total revenues of producers and importers (excluding logistics costs, retail marketing costs, and retailers' margins, which will be included in the final consumer price). Overall, consumption continues to indicate a strong increase. Over the period under review, the market attained the maximum level at $ in 2019; however, from to , consumption failed to regain momentum.Market Forecast
Driven by increasing demand for bauxite in China, the market is expected to continue an upward consumption trend over the next decade. Market performance is forecast to decelerate, expanding with an anticipated CAGR of +% for the period from to , which is projected to bring the market volume to tonnes by the end of .
% for the period from to , which is projected to bring the market volume to tonnes by the end of .Market Structure
Driven by a growing demand, the share of imports in total supply in China increased significantly over the last fourteen-year period (from % to %).
% to %).Trade Balance
China remains a net importer of bauxite; in physical and value terms, imports consistently exceeded exports from 2007 to . In , there was a significant trade deficit of tonnes, which was equal to $. This tangible trade deficit reflects the fact that the market remains dependent on imports, which is likely to continue in the medium term.
. In , there was a significant trade deficit of tonnes, which was equal to $. This tangible trade deficit reflects the fact that the market remains dependent on imports, which is likely to continue in the medium term.
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