Alumina Market Overview in Asia

The Asian alumina market expanded notably 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). Over the period under review, consumption saw a buoyant increase. The pace of growth appeared the most rapid in 2012 when the market value increased by % y-o-y. The level of consumption peaked at $ in 2017; however, from 2018 to , consumption stood at a somewhat lower figure.

In value terms, alumina production rose modestly to $ in estimated in export prices. Over the period under review, production recorded a buoyant expansion. The most prominent rate of growth was recorded in 2010 when the production volume increased by % y-o-y. The level of production peaked at $ in 2017; however, from 2018 to , production failed to regain the momentum.

China ( tonnes) remains the largest alumina producing country in Asia, accounting for % of total volume. Moreover, alumina production in China exceeded the figures recorded by the second-largest producer, India ( tonnes), more than tenfold.

In China, alumina production expanded at an average annual rate of +% over the period from 2007-. The remaining producing countries recorded the following average annual rates of production growth: India (+% per year) and Kazakhstan (+% per year).

Alumina consumption soared to tonnes in , surging by % against 2019 figures. Overall, consumption recorded a prominent expansion. The most prominent rate of growth was recorded in 2012 when the consumption volume increased by % y-o-y. Over the period under review, consumption hit record highs in and is likely to continue growth in years to come.

The revenue of the alumina market in Asia reached $ in , rising 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). In general, consumption recorded a resilient expansion. The pace of growth appeared the most rapid in 2012 with an increase of % year-to-year. The level of consumption peaked at $ in 2017; however, from 2018 to , consumption remained at a lower figure.

China ( tonnes) remains the largest alumina consuming country in Asia, comprising approx. % of total volume. Moreover, alumina consumption in China exceeded the figures recorded by the second-largest consumer, India ( tonnes), more than tenfold.

In China, alumina consumption expanded at an average annual rate of +% over the period from 2007-.

In value terms, China ($) led the market, alone. The second position in the ranking was occupied by India ($).

In China, the alumina market increased at an average annual rate of +% over the period from 2007-.

From 2007 to , the average annual rate of growth in terms of the alumina per capita consumption in China amounted to +%.

Driven by increasing demand for alumina in Asia, 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 .