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

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

The MENA's market for aluminium plates, sheets and strip of thickness over X mm expanded slightly to $X in 2023, picking up by X% against the previous year. The total consumption indicated mild growth 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 2020 indices. As a result, consumption reached the peak level of $X. From 2015 to 2023, the growth of the market failed to regain momentum.

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

In value terms, production of aluminium plates, sheets and strip of thickness over X mm skyrocketed to $X in 2023 estimated in export price. Over the period under review, production continues to indicate a strong expansion. The pace of growth appeared the most rapid in 2021 with an increase of X%. The level of production peaked at $X in 2019; however, from 2020 to 2023, production remained at a lower figure.

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

Exports in MENA

In 2023, exports of aluminium plates, sheets and strip of thickness over X mm in MENA expanded notably to X tons, with an increase of X% compared with the previous year. Total exports indicated a temperate increase 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 increased by X% against 2013 indices. The pace of growth was the most pronounced in 2021 when exports increased by X%. The volume of export peaked in 2023 and is likely to see steady growth in the immediate term.

In value terms, exports of aluminium plates, sheets and strip of thickness over X mm fell rapidly to $X in 2023. Over the period under review, exports recorded a prominent increase. The pace of growth appeared the most rapid in 2021 when exports increased by X%. The level of export peaked at $X in 2022, and then shrank sharply in the following year.

Exports by Country

Turkey represented the key exporter of aluminium plates, sheets and strip of thickness over X mm in MENA, with the volume of exports recording X tons, which was near X% of total exports in 2023. Egypt (X tons) ranks second in terms of the total exports with a X% share, followed by the United Arab Emirates (X%). Saudi Arabia (X tons) followed a long way behind the leaders.

Exports from Turkey increased at an average annual rate of X% from 2012 to 2023. At the same time, Egypt (X%), Saudi Arabia (X%) and the United Arab Emirates (X%) displayed positive paces of growth. Moreover, Egypt emerged as the fastest-growing exporter exported in MENA, with a CAGR of X% from 2012-2023. Egypt (X p.p.), Turkey (X p.p.) and Saudi Arabia (X p.p.) significantly strengthened its position in terms of the total exports, while the shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Turkey ($X) remains the largest aluminium plate, sheet and strip of thickness over X mm supplier in MENA, comprising X% of total exports. The second position in the ranking was taken by Egypt ($X), with a X% share of total exports. It was followed by the United Arab Emirates, with a X% share.

From 2012 to 2023, 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: Egypt (X% per year) and the United Arab Emirates (X% per year).

Export Prices by Country

The export price in MENA stood at $X per ton in 2023, shrinking by X% against the previous year. Export price indicated mild growth from 2012 to 2023: its price 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. The growth pace was the most rapid in 2021 an increase of X% against the previous year. The level of export peaked at $X per ton in 2022, and then contracted rapidly in the following year.

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

From 2012 to 2023, the most notable rate of growth in terms of prices was attained by Turkey (X%), while the other leaders experienced mixed trends in the export price figures.

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

Imports in MENA

In 2023, imports of aluminium plates, sheets and strip of thickness over X mm in MENA dropped to X tons, which is down by X% compared with the previous year. Over the period under review, imports continue to indicate a abrupt curtailment. The most prominent rate of growth was recorded in 2015 with an increase of X%. As a result, imports attained the peak of X tons. From 2016 to 2023, the growth of imports of failed to regain momentum.

In value terms, imports of aluminium plates, sheets and strip of thickness over X mm dropped sharply to $X in 2023. Overall, imports showed a abrupt downturn. The pace of growth was the most pronounced in 2022 with an increase of X% against the previous year. The level of import peaked at $X in 2015; however, from 2016 to 2023, imports remained at a lower figure.

Imports by Country

In 2023, the United Arab Emirates (X tons) represented the main importer of aluminium plates, sheets and strip of thickness over X mm, comprising X% of total imports. Turkey (X tons) ranks second in terms of the total imports with a X% share, followed by Iraq (X%), Morocco (X%), Egypt (X%), Qatar (X%), Tunisia (X%) and Kuwait (X%).

The United Arab Emirates experienced a relatively flat trend pattern with regard to volume of imports of aluminium plates, sheets and strip of thickness over X mm. At the same time, Tunisia (X%), Egypt (X%), Qatar (X%), Morocco (X%), Kuwait (X%), Turkey (X%) and Iraq (X%) displayed positive paces of growth. Moreover, Tunisia emerged as the fastest-growing importer imported in MENA, with a CAGR of X% from 2012-2023. The United Arab Emirates (X p.p.), Turkey (X p.p.), Iraq (X p.p.), Morocco (X p.p.), Egypt (X p.p.), Qatar (X p.p.), Tunisia (X p.p.) and Kuwait (X p.p.) significantly strengthened its position in terms of the total imports, while the shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, the United Arab Emirates ($X) constitutes the largest market for imported aluminium plates, sheets and strip of thickness over X mm in MENA, comprising X% of total imports. The second position in the ranking was held by Turkey ($X), with a X% share of total imports. It was followed by Iraq, with a X% share.

From 2012 to 2023, the average annual rate of growth in terms of value in the United Arab Emirates was relatively modest. In the other countries, the average annual rates were as follows: Turkey (X% per year) and Iraq (X% per year).

Import Prices by Country

In 2023, the import price in MENA amounted to $X per ton, waning by X% against the previous year. In general, the import price recorded a relatively flat trend pattern. The most prominent rate of growth was recorded in 2021 when the import price increased by X%. The level of import peaked at $X per ton in 2022, and then shrank in the following year.

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

Source: IndexBox Platform