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26 JULY 2019 AL CIRCLE

Ukraine’s bauxite import from Guinea to grow 5.4% in 2019; Country’s total bauxite import to rise 10%

EDITED BY : DEBANJALI SENGUPTA 2MINS READ

The global export-import data found that Ukraine is incessantly recording a rise in bauxite import over the past few years.  In 2016, the country imported 2.4 million tonnes of bauxite, which in 2017 increased to 4.8 million tonnes, representing a 100 per cent growth. Further extending the rise, Ukraine in 2018 secured 5 million tonnes of the ore, up 4.16 per cent year on year. This year the country is expected to show no exception but haul 5.5 million tonnes of bauxite, 10 per cent higher from the previous year.

Ukraine's bauxite import - World vs. Guinea

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Along with the continual rise in Ukraine’s total bauxite import, the country’s import from one of its leading suppliers is also not shying away from recording year-on-year boom. Yes, Guinea, which ranks first in the world in bauxite reserves and 6th in the extraction of high-grade bauxite, has been the main supplier of the ore to Ukraine. In 2016, Ukraine’s import volume from Guinea was at 1.8 million tonnes, while in 2017 67 per cent higher to 3 million tonnes. In 2018, the amount further grew and totalled at 3.7 million tonnes, up 23 per cent year on year. The global export-import survey expects Ukraine’s bauxite import to come in at 3.9 million tonnes after recording an increase of about 5.4 per cent.

Red Mud Report

Now, coming to the import cost, Ukraine in 2017 recorded a growth of 125 per cent from US$94 million in 2016 to US$212 million, in tandem with the 100 per cent YoY growth in import volume in 2017. But in 2018 the cost dropped to US$207 million, despite a rise in import amount. In 2019, however, it is expected to rebound to US$226 million, up 9.17 per cent year on year.

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Ukraine's bauxite import cost - World vs. Guinea

Ukraine’s bauxite import cost from Guinea is also estimated to rise this year from US$118 million in 2018 to US$122 million. The data in the above graph indicates that Ukraine’s import cost from Guinea increased in 2018 as well, despite a plunge in the country’s total bauxite import cost. In 2017, the value was at US$97 million, while in 2016 at US$55 million.

Tagged with:

Guinea Bauxite trade

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EDITED BY : DEBANJALI SENGUPTA 2MINS READ

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