Global Alumina Market Overview
In value terms, alumina production rose slightly to $ in estimated in export prices. Over the period under review, production continues to indicate a strong expansion. The most prominent rate of growth was recorded in 2010 when the production volume increased by % year-to-year. Over the period under review, global production hit record highs at $ in 2017; however, from 2018 to , production stood at a somewhat lower figure.
China ( tonnes) remains the largest alumina producing country worldwide, comprising approx. % of total volume. Moreover, alumina production in China exceeded the figures recorded by the second-largest producer, Australia ( tonnes), fivefold. The third position in this ranking was occupied by Brazil ( tonnes), with a % share.
From 2007 to , the average annual rate of growth in terms of volume in China stood at +%. In the other countries, the average annual rates were as follows: Australia (+% per year) and Brazil (+% per year).
The global alumina market value rose significantly to $ in , increasing 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 resilient increase. The pace of growth was the most pronounced in 2010 when the market value increased by % against the previous year. Global consumption peaked at $ in 2017; however, from 2018 to , consumption failed to regain the momentum.
From 2007 to , the average annual growth rate of volume in China amounted to +%. In the other countries, the average annual rates were as follows: Australia (+% per year) and India (+% per year).
In value terms, China ($) led the market, alone. The second position in the ranking was occupied by Australia ($). It was followed by India.
In China, the alumina market increased at an average annual rate of +% over the period from 2007-. The remaining consuming countries recorded the following average annual rates of market growth: Australia (+% per year) and India (+% per year).
The countries with the highest levels of alumina per capita consumption in were Australia ( kg per person), Norway ( kg per person) and Canada ( kg per person).
From 2007 to , the biggest increases were in China, while alumina per capita consumption for the other global leaders experienced more modest paces of growth.