MENA: Market for Aluminium Alloy Plates, Sheets and Strip of Thickness over 0.2 mm 2024

Market Size for Aluminium Alloy Plates, Sheets and Strip of Thickness over 0.2 mm in MENA

For the fourth consecutive year, the MENA's market for aluminium alloy plates, sheets and strip of thickness over X mm recorded growth in sales value, which increased by X% to $X in 2023. The total consumption indicated a perceptible increase 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, consumption increased by X% against 2019 indices. Over the period under review, the market hit record highs in 2023 and is expected to retain growth in years to come.

Production of Aluminium Alloy Plates, Sheets and Strip of Thickness over X mm in MENA

In value terms, production of aluminium alloy plates, sheets and strip of thickness over X mm expanded sharply to $X in 2023 estimated in export price. In general, production posted a strong expansion. The pace of growth was the most pronounced in 2018 when the production volume increased by X%. Over the period under review, production of reached the maximum level at $X in 2019; however, from 2020 to 2023, production remained at a lower figure.

Exports of Aluminium Alloy Plates, Sheets and Strip of Thickness over 0.2 mm

Exports in MENA

In 2023, approx. X tons of aluminium alloy plates, sheets and strip of thickness over X mm were exported in MENA; waning by X% on the previous year's figure. In general, exports, however, saw a strong expansion. The most prominent rate of growth was recorded in 2016 when exports increased by X%. Over the period under review, the exports of reached the peak figure at X tons in 2021; however, from 2022 to 2023, the exports remained at a lower figure.

In value terms, exports of aluminium alloy plates, sheets and strip of thickness over X mm fell significantly to $X in 2023. Overall, exports, however, showed a remarkable increase. The pace of growth appeared the most rapid in 2021 with an increase of X%. The level of export peaked at $X in 2022, and then reduced notably in the following year.

Exports by Country

The shipments of the four major exporters of aluminium alloy plates, sheets and strip of thickness over X mm, namely Saudi Arabia, Bahrain, Turkey and Oman, represented more than two-thirds of total export. It was distantly followed by the United Arab Emirates (X tons), mixing up a X% share of total exports.

From 2012 to 2023, the most notable rate of growth in terms of shipments, amongst the main exporting countries, was attained by Saudi Arabia (with a CAGR of X%), while the other leaders experienced more modest paces of growth.

In value terms, the largest aluminium alloy plate, sheet and strip of thickness over X mm supplying countries in MENA were Saudi Arabia ($X), Bahrain ($X) and Turkey ($X), with a combined X% share of total exports.

Saudi Arabia, with a CAGR of X%, recorded the highest rates of growth with regard to the value of exports, among 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 MENA stood at $X per ton in 2023, waning by X% against the previous year. Over the period from 2012 to 2023, it increased at an average annual rate of X%. The growth pace was the most rapid in 2022 when the export price increased by X%. As a result, the export price attained the peak level of $X per ton, and then fell in the following year.

Average prices varied noticeably amongst the major exporting countries. In 2023, major exporting countries recorded the following prices: in Saudi Arabia ($X per ton) and the United Arab Emirates ($X per ton), while Oman ($X per ton) and Turkey ($X per ton) were amongst the lowest.

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

Imports of Aluminium Alloy Plates, Sheets and Strip of Thickness over 0.2 mm

Imports in MENA

After two years of growth, purchases abroad of aluminium alloy plates, sheets and strip of thickness over X mm decreased by X% to X tons in 2023. The total import volume increased at an average annual rate of X% over the period from 2012 to 2023; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The growth pace was the most rapid in 2013 when imports increased by X%. Over the period under review, imports of hit record highs at X tons in 2022, and then fell in the following year.

In value terms, imports of aluminium alloy plates, sheets and strip of thickness over X mm shrank to $X in 2023. Total imports indicated a prominent increase 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, imports increased by X% against 2020 indices. The growth pace was the most rapid in 2013 when imports increased by X% against the previous year. Over the period under review, imports of hit record highs at $X in 2022, and then contracted in the following year.

Imports by Country

In 2023, Turkey (X tons) and the United Arab Emirates (X tons) were the key importers of aluminium alloy plates, sheets and strip of thickness over X mm in MENA, together resulting at near X% of total imports. Iraq (X tons) held the next position in the ranking, followed by Iran (X tons), Jordan (X tons) and Egypt (X tons). All these countries together held approx. X% share of total imports. Israel (X tons), Saudi Arabia (X tons) and Morocco (X tons) held a relatively small share of total imports.

From 2012 to 2023, the most notable rate of growth in terms of purchases, amongst the key importing countries, was attained by Iraq (with a CAGR of X%), while imports for the other leaders experienced more modest paces of growth.

In value terms, Turkey ($X), the United Arab Emirates ($X) and Iraq ($X) constituted the countries with the highest levels of imports in 2023, with a combined X% share of total imports.

Among the main importing countries, Iraq, with a CAGR of X%, saw the highest rates of growth with regard to 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 ton, falling 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 appeared the most rapid in 2021 an increase of X%. Over the period under review, import prices attained the maximum at $X per ton in 2022, and then contracted in the following year.

Prices varied noticeably by country of destination: amid the top importers, the country with the highest price was Egypt ($X per ton), while Jordan ($X per ton) was amongst the lowest.

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

Source: IndexBox Platform