Alumina Market Overview in Asia
In value terms, alumina production surged to $ in 2019 estimated in export prices. In general, production saw resilient growth. The pace of growth appeared the most rapid in 2010 when the production volume increased by % year-to-year. Over the period under review, production hit record highs in 2019 and is likely to see steady growth in the immediate term.
The country with the largest volume of alumina production was China ( tonnes), accounting for % of total volume. Moreover, alumina production in China exceeded the figures recorded by the second-largest producer, India ( tonnes), more than tenfold. Kazakhstan ( tonnes) ranked third in terms of total production with a % share.
In China, alumina production increased at an average annual rate of +% over the period from 2007-2019. In the other countries, the average annual rates were as follows: India (+% per year) and Kazakhstan (+% per year).
The size of the alumina market in Asia rose rapidly to $ in 2019, 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). In general, consumption continues to indicate a remarkable increase. The most prominent rate of growth was recorded in 2010 with an increase of % y-o-y. Over the period under review, the market attained the peak level in 2019 and is likely to see steady growth in years to come.
In China, alumina consumption expanded at an average annual rate of +% over the period from 2007-2019.
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 2007-2019.
From 2007 to 2019, the average annual rate of growth in terms of the alumina per capita consumption in China stood at +%.