MENA: Market for Aluminium Casks, Drums, Cans, Boxes and Similar Containers 2024

Market Size for Aluminium Casks, Drums, Cans, Boxes and Similar Containers in MENA

The MENA's market for aluminium casks, drums, cans, boxes and similar containers rose slightly to $X in 2023, growing by X% against the previous year. The total consumption indicated a notable increase from 2012 to 2023: its value increased at an average annual rate of X% over the last eleven-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2023 figures, consumption decreased by X% against 2021 indices. As a result, consumption reached the peak level of $X. From 2019 to 2023, the growth of the market remained at a lower figure.

Production of Aluminium Casks, Drums, Cans, Boxes and Similar Containers in MENA

In value terms, production of aluminium casks, drums, cans, boxes and similar containers reached $X in 2023 estimated in export price. Over the period under review, production saw a buoyant expansion. The pace of growth was the most pronounced in 2017 with an increase of X%. Over the period under review, production of hit record highs at $X in 2018; however, from 2019 to 2023, production stood at a somewhat lower figure.

Exports of Aluminium Casks, Drums, Cans, Boxes and Similar Containers

Exports in MENA

In 2023, overseas shipments of aluminium casks, drums, cans, boxes and similar containers decreased by X% to X units, falling for the second consecutive year after two years of growth. Total exports indicated modest growth from 2012 to 2023: its volume increased at an average annual rate of X% over the last eleven-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2023 figures, exports decreased by X% against 2021 indices. The most prominent rate of growth was recorded in 2017 when exports increased by X% against the previous year. Over the period under review, the exports of reached the maximum at X units in 2021; however, from 2022 to 2023, the exports stood at a somewhat lower figure.

In value terms, exports of aluminium casks, drums, cans, boxes and similar containers dropped modestly to $X in 2023. Total exports indicated a perceptible expansion from 2012 to 2023: its value increased at an average annual rate of X% over the last eleven years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2023 figures, exports increased by X% against 2019 indices. The growth pace was the most rapid in 2021 when exports increased by X% against the previous year. The level of export peaked at $X in 2022, and then shrank in the following year.

Exports by Country

In 2023, Saudi Arabia (X units), distantly followed by the United Arab Emirates (X units), Turkey (X units), Jordan (X units) and Morocco (X units) were the main exporters of aluminium casks, drums, cans, boxes and similar containers, together constituting X% of total exports. Egypt (X units) and Kuwait (X units) followed a long way behind the leaders.

From 2012 to 2023, the biggest increases were recorded for Kuwait (with a CAGR of X%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, Saudi Arabia ($X), the United Arab Emirates ($X) and Turkey ($X) appeared to be the countries with the highest levels of exports in 2023, with a combined X% share of total exports. Jordan, Morocco, Egypt and Kuwait lagged somewhat behind, together comprising a further X%.

Among the main exporting countries, Kuwait, with a CAGR of X%, saw the highest growth rate of the value of exports, over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

In 2023, the export price in MENA amounted to $X per unit, leveling off at the previous year. Over the period from 2012 to 2023, it increased at an average annual rate of X%. The pace of growth was the most pronounced in 2022 an increase of X%. As a result, the export price attained the peak level of $X per unit, leveling off in the following year.

Prices varied noticeably by country of origin: amid the top suppliers, the country with the highest price was Egypt ($X per unit), while Kuwait ($X per unit) was amongst the lowest.

From 2012 to 2023, the most notable rate of growth in terms of prices was attained by the United Arab Emirates (X%), while the other leaders experienced more modest paces of growth.

Imports of Aluminium Casks, Drums, Cans, Boxes and Similar Containers

Imports in MENA

In 2023, approx. X units of aluminium casks, drums, cans, boxes and similar containers were imported in MENA; approximately equating the previous year. Overall, imports, however, continue to indicate a noticeable shrinkage. The most prominent rate of growth was recorded in 2013 with an increase of X%. As a result, imports reached the peak of X units. From 2014 to 2023, the growth of imports of remained at a somewhat lower figure.

In value terms, imports of aluminium casks, drums, cans, boxes and similar containers dropped to $X in 2023. In general, imports, however, saw a slight reduction. The most prominent rate of growth was recorded in 2022 when imports increased by X%. The level of import peaked at $X in 2013; however, from 2014 to 2023, imports stood at a somewhat lower figure.

Imports by Country

In 2023, Algeria (X units), followed by the United Arab Emirates (X units), Israel (X units), Morocco (X units), Oman (X units), Palestine (X units), Jordan (X units), Turkey (X units), Libya (X units) and Yemen (X units) were the largest importers of aluminium casks, drums, cans, boxes and similar containers, together committing X% of total imports.

From 2012 to 2023, the biggest increases were recorded for Palestine (with a CAGR of X%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, Algeria ($X), Morocco ($X) and Israel ($X) appeared to be the countries with the highest levels of imports in 2023, together accounting for X% of total imports. Palestine, the United Arab Emirates, Turkey, Jordan, Libya, Oman and Yemen lagged somewhat behind, together accounting for a further X%.

In terms of the main importing countries, Palestine, with a CAGR of X%, recorded the highest growth rate of the value of imports, over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

In 2023, the import price in MENA amounted to $X per unit, waning by X% against the previous year. Over the period from 2012 to 2023, it increased at an average annual rate of X%. The pace of growth was the most pronounced in 2022 when the import price increased by X% against the previous year. As a result, import price attained the peak level of $X per unit, and then fell slightly in the following year.

There were significant differences in the average prices amongst the major importing countries. In 2023, amid the top importers, the country with the highest price was Morocco ($X per unit), while Yemen ($X per unit) was amongst the lowest.

From 2012 to 2023, the most notable rate of growth in terms of prices was attained by Yemen (X%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform