Q4 2024 sees over 30% surge in US bauxite imports, yet annual decline persists
According to the US Geological Survey, the United States experienced a 6.31 per cent decline in crude and dried bauxite imports in 2024, despite a 31.58 per cent year-on-year increase in the fourth quarter. Year-on-year decreases in the second and third quarters primarily drove the annual drop.
Total imports for the year amounted to 2.08 million tonnes, down from 2.22 million tonnes in 2023. While fourth-quarter imports rose from 380,000 to 500,000 tonnes, the increase was insufficient to offset the yearly decline. Additionally, imports in the fourth quarter saw a quarter-on-quarter drop of 53,000 tonnes, or 9.58 per cent, further contributing to the overall decrease in import volumes.
After a year-on-year increase in the first quarter, with imports rising from 462,000 tonnes to 501,000 tonnes, the United States saw a decrease in imports during the second and third quarters. Year-on-year imports in Q2 and Q3 dropped by 28 per cent and 14.66 per cent, respectively, falling from 733,000 tonnes to 527,000 tonnes and from 648,000 tonnes to 553,000 tonnes. However, on a quarterly basis, Q2 and Q3 recorded sequential increases of 5.2 per cent and 4.93 per cent, respectively. Going forward, the trend of quarterly growth reversed in Q4.
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