MENA: Aluminium Bar Market 2024

Aluminium Bar Market Size in MENA

The MENA's aluminium bar market dropped notably to $X in 2022, with a decrease of X% against the previous year. Overall, consumption saw a mild decrease. Over the period under review, the market attained the peak level at $X in 2017; however, from 2018 to 2022, consumption stood at a somewhat lower figure.

Aluminium Bar Production in MENA

In value terms, aluminium bar production reduced markedly to $X in 2022 estimated in export price. Overall, production, however, showed prominent growth. The most prominent rate of growth was recorded in 2021 when the production volume increased by X%. Over the period under review, production hit record highs at $X in 2019; however, from 2020 to 2022, production stood at a somewhat lower figure.

Aluminium Bar Exports

Exports in MENA

In 2022, the amount of aluminium bars, rods and profiles exported in MENA reached X tons, surging by X% compared with 2021. Overall, exports, however, continue to indicate a perceptible shrinkage. The pace of growth appeared the most rapid in 2021 when exports increased by X%. The volume of export peaked at X tons in 2013; however, from 2014 to 2022, the exports remained at a lower figure.

In value terms, aluminium bar exports skyrocketed to $X in 2022. Over the period under review, exports enjoyed mild growth. The growth pace was the most rapid in 2021 when exports increased by X% against the previous year. The level of export peaked in 2022 and is likely to see gradual growth in the near future.

Exports by Country

In 2022, Turkey (X tons) was the key exporter of aluminium bars, rods and profiles, committing X% of total exports. It was distantly followed by the United Arab Emirates (X tons), generating a X% share of total exports. Oman (X tons), Saudi Arabia (X tons), Egypt (X tons), Qatar (X tons) and Morocco (X tons) held a relatively small share of total exports.

From 2012 to 2022, average annual rates of growth with regard to aluminium bar exports from Turkey stood at X%. At the same time, Qatar (X%), Morocco (X%) and Oman (X%) displayed positive paces of growth. Moreover, Qatar emerged as the fastest-growing exporter exported in MENA, with a CAGR of X% from 2012-2022. Saudi Arabia experienced a relatively flat trend pattern. By contrast, the United Arab Emirates (X%) and Egypt (X%) illustrated a downward trend over the same period. While the share of Turkey (X p.p.), Qatar (X p.p.) and Oman (X p.p.) increased significantly in terms of the total exports from 2012-2022, the share of Egypt (X p.p.) displayed negative dynamics. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Turkey ($X) remains the largest aluminium bar supplier in MENA, comprising X% of total exports. The second position in the ranking was held by the United Arab Emirates ($X), with a X% share of total exports. It was followed by Egypt, with a X% share.

From 2012 to 2022, the average annual growth rate of value in Turkey amounted to X%. The remaining exporting countries recorded the following average annual rates of exports growth: the United Arab Emirates (X% per year) and Egypt (X% per year).

Export Prices by Country

In 2022, the export price in MENA amounted to $X per ton, surging by X% against the previous year. Export price indicated a pronounced expansion 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 bar export price increased by X% against 2018 indices. As a result, the export price attained the peak level and is likely to continue growth in the immediate term.

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

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Egypt (X%), while the other leaders experienced more modest paces of growth.

Aluminium Bar Imports

Imports in MENA

In 2022, approx. X tons of aluminium bars, rods and profiles were imported in MENA; waning by X% compared with the previous year. Over the period under review, imports continue to indicate a pronounced contraction. The most prominent rate of growth was recorded in 2021 with an increase of X%. The volume of import peaked at X tons in 2014; however, from 2015 to 2022, imports stood at a somewhat lower figure.

In value terms, aluminium bar imports stood at $X in 2022. In general, imports saw a relatively flat trend pattern. The growth pace was the most rapid in 2021 with an increase of X%. The level of import peaked at $X in 2013; however, from 2014 to 2022, imports remained at a lower figure.

Imports by Country

Israel (X tons) and Iraq (X tons) represented the largest importers of aluminium bars, rods and profiles in 2022, accounting for approx. X% and X% of total imports, respectively. The United Arab Emirates (X tons) ranks next in terms of the total imports with an X% share, followed by Saudi Arabia (X%), Egypt (X%), Yemen (X%), Kuwait (X%), Turkey (X%) and Oman (X%).

From 2012 to 2022, the biggest increases were recorded for Israel (with a CAGR of X%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, Israel ($X), Iraq ($X) and Egypt ($X) constituted the countries with the highest levels of imports in 2022, together comprising X% of total imports.

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

Import Prices by Country

The import price in MENA stood at $X per ton in 2022, with an increase of X% against the previous year. Over the last decade, it increased at an average annual rate of X%. The pace of growth appeared the most rapid in 2021 when the import price increased by X% against the previous year. The level of import peaked in 2022 and is likely to see gradual growth in years to come.

There were significant differences in the average prices amongst the major importing countries. In 2022, amid the top importers, the country with the highest price was Egypt ($X per ton), while Yemen ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Egypt (X%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform

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