In 2023, China’s alumina production stood at 86.33 million metric tons. When analyzing the variations over the previous two years, there was a 3.98% increase in 2022 and a 3.75% growth in 2023 year-on-year. Over the past five years, the compound annual growth rate (CAGR) was 3.55%, indicating moderate growth.
For the future, the production volume is forecasted to reach 102.64 million metric tons by 2028. The expected 5-year CAGR is projected at 2.72%, reflecting steady albeit slowing growth, with a cumulative growth rate of 14.35% over this period.
Future trends to watch for include technological advancements in production efficiency, potential regulatory changes, and evolving market demand both domestically and globally. Additionally, environmental concerns and policies towards green production may significantly impact future alumina production rates and practices.
