Aluminium ores and concentrates

In 2024, aluminium ores and concentrates trade exhibited strong growth, with global flows reaching $10,544,191,810 and a three-year compound annual growth rate of +21.6% (five-year: +15.5%). The all-time peak of $10,544,191,810 was recorded in 2024.

Over the 30-year observation window (1995–2024), 72% of years recorded positive growth, indicating a predominantly expanding market. Trend momentum is strengthening (+9.5% acceleration).

The World Trade Flows Characterization classifies aluminium ores and concentrates as "One-way trade" in the medium price range price segment, providing additional context for market positioning and competitive dynamics.

The supply side is concentrated (Herfindahl-Hirschman Index 0.552). The three largest exporters — Guinea ($7.7B), Australia ($1.9B), and Brazil ($256.3M) — collectively dominate supply flows. The leading exporter has grown at +34.6% over the last three years.

On the demand side, importer concentration is concentrated (HHI 0.700). The three largest import markets are China ($8.8B), United Arab Emirates ($362.8M), and India ($251.4M). The largest importing market sources from 40 different supplying countries.

The dominant trade corridor is Guinea → China at $6.6B, representing 75.2% of the importer's total demand.

The volatility score for aluminium ores and concentrates is 21 out of 100, classified as low. Trade flows are relatively stable compared to other HS6 products, suggesting mature supply chains and predictable demand.

For market entrants, strong demand tailwinds create a favourable entry environment. The concentrated supply structure suggests high barriers but also potential opportunity if dominant suppliers face disruption or capacity constraints.

Data confidence is rated "High" based on reporting coverage and consistency across OECD member and partner countries.