Price for Aluminium Oxide (Including Artificial Corundum); Aluminium Hydroxide in Venezuela - 2022
Contents:
- Price for Aluminium Oxide (Including Artificial Corundum); Aluminium Hydroxide in Venezuela (FOB) - 2022
- Price for Aluminium Oxide (Including Artificial Corundum); Aluminium Hydroxide in Venezuela (CIF) - 2022
- Exports of Aluminium Oxide (Including Artificial Corundum); Aluminium Hydroxide in Venezuela
- Imports of Aluminium Oxide (Including Artificial Corundum); Aluminium Hydroxide in Venezuela
Price for Aluminium Oxide (Including Artificial Corundum); Aluminium Hydroxide in Venezuela (FOB) - 2022
The average export price for aluminium oxide (including artificial corundum); aluminium hydroxide stood at $282 per ton in 2022, almost unchanged from the previous year. Overall, the export price continues to indicate a mild setback. The pace of growth appeared the most rapid in 2018 when the average export price increased by 18%. As a result, the export price attained the peak level of $397 per ton. From 2019 to 2022, the average export prices remained at a somewhat lower figure.
As there is only one major export destination, the average price level is determined by prices for Colombia.
From 2012 to 2022, the rate of growth in terms of prices for Iceland amounted to +20.7% per year.
Price for Aluminium Oxide (Including Artificial Corundum); Aluminium Hydroxide in Venezuela (CIF) - 2022
The average import price for aluminium oxide (including artificial corundum); aluminium hydroxide stood at $1,618 per ton in 2022, waning by -8.7% against the previous year. Over the period under review, the import price showed a relatively flat trend pattern. The most prominent rate of growth was recorded in 2019 an increase of 118%. The import price peaked at $1,771 per ton in 2021, and then declined in the following year.
There were significant differences in the average prices amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was the United States ($2,712 per ton), while the price for China ($1,094 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by China (+4.5%), while the prices for the other major suppliers experienced more modest paces of growth.
Exports of Aluminium Oxide (Including Artificial Corundum); Aluminium Hydroxide in Venezuela
In 2022, after three years of growth, there was significant decline in overseas shipments of aluminium oxide (including artificial corundum); aluminium hydroxide, when their volume decreased by -19.9% to 67K tons. Overall, total exports indicated a strong expansion from 2019 to 2022: its volume increased at an average annual rate of +9.6% over the last three-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, exports increased by +31.8% against 2019 indices. The most prominent rate of growth was recorded in 2021 when exports increased by 30%. As a result, the exports reached the peak of 83K tons, and then declined sharply in the following year.
In value terms, exports of aluminium oxide (including artificial corundum); aluminium hydroxide contracted sharply to $19M in 2022. Over the period under review, exports, however, continue to indicate a relatively flat trend pattern. The growth pace was the most rapid in 2021 when exports increased by 34%. As a result, the exports attained the peak of $24M, and then dropped markedly in the following year.
| Export of Aluminium Oxide (Including Artificial Corundum); Aluminium Hydroxide in Venezuela (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Colombia | N/A | 0.1 | 0.1 | 18.9 | 1274.8% |
| Azerbaijan | 18.5 | N/A | N/A | N/A | 0% |
| China | N/A | 17.6 | 23.6 | N/A | 34.1% |
| Others | 0.2 | N/A | N/A | N/A | 0% |
| Total | 18.7 | 17.6 | 23.7 | 18.9 | 0.4% |
Top Export Markets for Aluminium Oxide (Including Artificial Corundum); Aluminium Hydroxide from Venezuela in 2022:
- Colombia (66.9K tons)
Imports of Aluminium Oxide (Including Artificial Corundum); Aluminium Hydroxide in Venezuela
Imports of aluminium oxide (including artificial corundum); aluminium hydroxide into Venezuela fell markedly to 242 tons in 2022, shrinking by -49.4% compared with the previous year's figure. Over the period under review, imports saw a precipitous descent. The smallest decline of -33.8% was in 2020.
In value terms, imports of aluminium oxide (including artificial corundum); aluminium hydroxide fell notably to $392K in 2022. Overall, imports faced a precipitous curtailment. The smallest decline of -45.6% was in 2020.
| Import of Aluminium Oxide (Including Artificial Corundum); Aluminium Hydroxide in Venezuela (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| United States | 7,823 | 163 | 284 | 139 | -73.9% |
| China | 12.7 | 3,797 | 49.4 | 138 | 121.5% |
| Germany | 32.4 | 301 | 47.9 | 74.6 | 32.0% |
| Brazil | 1,796 | 936 | 247 | 33.0 | -73.6% |
| Others | 1.5 | 60.5 | 221 | 8.0 | 74.7% |
| Total | 9,666 | 5,258 | 849 | 392 | -65.6% |
Top Suppliers of Aluminium Oxide (Including Artificial Corundum); Aluminium Hydroxide to Venezuela in 2022:
- China (126.0 tons)
- United States (51.1 tons)
- Germany (34.3 tons)
- Brazil (29.0 tons)
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