Between 2013 and 2023, Brazil's alumina production exhibited notable volatility. Initially, the production showed growth from 9.94 million metric tons in 2013 to a peak of 11.06 million metric tons in 2017. By 2018, production declined sharply to 8.26 million metric tons, followed by fluctuating lower values until 2023, where it stood at 8.89 million metric tons.
Year-on-year variations highlight significant ups and downs, with notable decreases in 2018 (-25.34%) and 2020 (-15.38%), and a substantial increase in 2021 (20.59%). The five-year CAGR up to 2023 was 1.49%, indicating modest growth amidst volatility.
Future trends suggest a very slow growth pattern, projecting an increment almost flat with a forecast CAGR of 0.07% over the next five years. By 2028, production is expected to reach 8.93 million metric tons.
Future trends to watch for include potential market disruptions from global economic shifts, environmental regulations, and technological advancements influencing production efficiency. Additionally, monitoring global demand for aluminum and its impact on alumina production will be critical for strategic planning.
