GCC: Aluminium Tube Market 2024

Aluminium Tube Market Size in GCC

The GCC aluminium tube market soared to $X in 2022, picking up by X% against the previous year. In general, consumption recorded a buoyant increase. As a result, consumption attained the peak level and is likely to continue growth in the immediate term.

Aluminium Tube Production in GCC

In value terms, aluminium tube production stood at $X in 2022 estimated in export price. Overall, production showed a resilient expansion. The growth pace was the most rapid in 2013 with an increase of X% against the previous year. Over the period under review, production attained the peak level at $X in 2020; however, from 2021 to 2022, production remained at a lower figure.

Aluminium Tube Exports

Exports in GCC

In 2022, the amount of aluminium tubes and pipes exported in GCC surged to X tons, increasing by X% against 2021 figures. Overall, exports saw significant growth. The most prominent rate of growth was recorded in 2014 with an increase of X% against the previous year. Over the period under review, the exports reached the peak figure in 2022 and are likely to continue growth in the immediate term.

In value terms, aluminium tube exports surged to $X in 2022. Over the period under review, exports continue to indicate a significant expansion. The pace of growth appeared the most rapid in 2013 when exports increased by X% against the previous year. Over the period under review, the exports hit record highs in 2022 and are expected to retain growth in the immediate term.

Exports by Country

The United Arab Emirates (X tons) and Saudi Arabia (X tons) dominates exports structure, together comprising X% of total exports. Bahrain (X tons) followed a long way behind the leaders.

From 2012 to 2022, the most notable rate of growth in terms of shipments, amongst the key exporting countries, was attained by the United Arab Emirates (with a CAGR of X%), while the other leaders experienced more modest paces of growth.

In value terms, the United Arab Emirates ($X), Saudi Arabia ($X) and Bahrain ($X) were the countries with the highest levels of exports in 2022, with a combined X% share of total exports.

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

Export Prices by Country

The export price in GCC stood at $X per ton in 2022, picking up by X% against the previous year. Export price indicated mild growth from 2012 to 2022: its price increased at an average annual rate of X% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, aluminium tube export price increased by X% against 2020 indices. The most prominent rate of growth was recorded in 2013 an increase of X%. As a result, the export price attained the peak level of $X per ton. From 2014 to 2022, the export prices remained at a somewhat lower figure.

Average prices varied somewhat amongst the major exporting countries. In 2022, amid the top suppliers, the country with the highest price was Bahrain ($X per ton), while Saudi Arabia ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Saudi Arabia (X%), while the other leaders experienced mixed trends in the export price figures.

Aluminium Tube Imports

Imports in GCC

Aluminium tube imports skyrocketed to X tons in 2022, rising by X% compared with 2021. Over the period under review, imports posted a strong increase. The most prominent rate of growth was recorded in 2015 with an increase of X% against the previous year. Over the period under review, imports reached the peak figure in 2022 and are expected to retain growth in the near future.

In value terms, aluminium tube imports surged to $X in 2022. Overall, imports saw a prominent increase. The pace of growth was the most pronounced in 2015 when imports increased by X% against the previous year. The level of import peaked in 2022 and is likely to see steady growth in the immediate term.

Imports by Country

In 2022, Oman (X tons) was the major importer of aluminium tubes and pipes, generating X% of total imports. It was distantly followed by the United Arab Emirates (X tons), comprising an X% share of total imports.

Oman was also the fastest-growing in terms of the aluminium tubes and pipes imports, with a CAGR of X% from 2012 to 2022. At the same time, the United Arab Emirates (X%) displayed positive paces of growth. Oman (X p.p.) significantly strengthened its position in terms of the total imports, while the United Arab Emirates saw its share reduced by X% from 2012 to 2022, respectively.

In value terms, Oman ($X) constitutes the largest market for imported aluminium tubes and pipes in GCC, comprising X% of total imports. The second position in the ranking was held by the United Arab Emirates ($X), with a X% share of total imports.

From 2012 to 2022, the average annual growth rate of value in Oman stood at X%.

Import Prices by Country

In 2022, the import price in GCC amounted to $X per ton, waning by X% against the previous year. Over the period under review, the import price saw a slight contraction. The growth pace was the most rapid in 2018 an increase of X% against the previous year. Over the period under review, import prices hit record highs at $X per ton in 2012; however, from 2013 to 2022, import prices stood at a somewhat lower figure.

Average prices varied somewhat amongst the major importing countries. In 2022, amid the top importers, the country with the highest price was the United Arab Emirates ($X per ton), while Oman stood at $X per ton.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by the United Arab Emirates (X%).

Source: IndexBox Platform

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