Middle East: Aluminium Alloy Wire Market 2024

Aluminium Alloy Wire Market Size in the Middle East

The Middle Eastern aluminium alloy wire market fell slightly to $X in 2022, therefore, remained relatively stable against the previous year. In general, consumption saw a relatively flat trend pattern. The growth pace was the most rapid in 2021 with an increase of X%. The level of consumption peaked at $X in 2018; however, from 2019 to 2022, consumption failed to regain momentum.

Aluminium Alloy Wire Production in the Middle East

In value terms, aluminium alloy wire production reduced slightly to $X in 2022 estimated in export price. Overall, production showed a mild slump. The most prominent rate of growth was recorded in 2015 with an increase of X% against the previous year. As a result, production attained the peak level of $X. From 2016 to 2022, production growth remained at a lower figure.

Aluminium Alloy Wire Exports

Exports in the Middle East

In 2022, approx. X tons of aluminium alloy wire were exported in the Middle East; standing approx. at the previous year. Overall, exports recorded a perceptible shrinkage. The pace of growth appeared the most rapid in 2015 when exports increased by X% against the previous year. As a result, the exports reached the peak of X tons. From 2016 to 2022, the growth of the exports remained at a lower figure.

In value terms, aluminium alloy wire exports shrank to $X in 2022. Over the period under review, exports recorded a perceptible setback. The growth pace was the most rapid in 2015 when exports increased by X%. As a result, the exports attained the peak of $X. From 2016 to 2022, the growth of the exports remained at a somewhat lower figure.

Exports by Country

Bahrain prevails in exports structure, amounting to X tons, which was approx. X% of total exports in 2022. Oman (X tons) took a X% share (based on physical terms) of total exports, which put it in second place, followed by Turkey (X%). The United Arab Emirates (X tons) held a relatively small share of total exports.

From 2012 to 2022, average annual rates of growth with regard to aluminium alloy wire exports from Bahrain stood at X%. At the same time, Oman (X%) displayed positive paces of growth. Moreover, Oman emerged as the fastest-growing exporter exported in the Middle East, with a CAGR of X% from 2012-2022. Turkey experienced a relatively flat trend pattern. By contrast, the United Arab Emirates (X%) illustrated a downward trend over the same period. From 2012 to 2022, the share of Oman and Turkey increased by X and X percentage points, respectively. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Bahrain ($X) remains the largest aluminium alloy wire supplier in the Middle East, comprising X% of total exports. The second position in the ranking was held by Turkey ($X), with an X% share of total exports. It was followed by Oman, with an X% share.

In Bahrain, aluminium alloy wire exports decreased by an average annual rate of X% over the period from 2012-2022. The remaining exporting countries recorded the following average annual rates of exports growth: Turkey (X% per year) and Oman (X% per year).

Export Prices by Country

In 2022, the export price in the Middle East amounted to $X per ton, remaining constant against the previous year. Over the period under review, the export price showed a relatively flat trend pattern. The most prominent rate of growth was recorded in 2018 an increase of X% against the previous year. The level of export peaked at $X per ton in 2013; however, from 2014 to 2022, the export prices stood at a somewhat lower figure.

There were significant differences in the average prices amongst the major exporting countries. In 2022, amid the top suppliers, the country with the highest price was Turkey ($X per ton), while Oman ($X per ton) was amongst the lowest.

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

Aluminium Alloy Wire Imports

Imports in the Middle East

In 2022, imports of aluminium alloy wire in the Middle East declined modestly to X tons, remaining relatively unchanged against the year before. Overall, imports saw a mild downturn. The most prominent rate of growth was recorded in 2013 with an increase of X%. The volume of import peaked at X tons in 2014; however, from 2015 to 2022, imports remained at a lower figure.

In value terms, aluminium alloy wire imports skyrocketed to $X in 2022. Over the period under review, imports, however, recorded a relatively flat trend pattern. The growth pace was the most rapid in 2021 when imports increased by X%. Over the period under review, imports hit record highs at $X in 2014; however, from 2015 to 2022, imports failed to regain momentum.

Imports by Country

Turkey was the largest importer of aluminium alloy wire in the Middle East, with the volume of imports reaching X tons, which was near X% of total imports in 2022. Saudi Arabia (X tons) held the second position in the ranking, followed by Bahrain (X tons) and the United Arab Emirates (X tons). All these countries together took approx. X% share of total imports. Iran (X tons), Qatar (X tons), Lebanon (X tons) and Israel (X tons) took a relatively small share of total imports.

From 2012 to 2022, average annual rates of growth with regard to aluminium alloy wire imports into Turkey stood at X%. At the same time, Bahrain (X%) displayed positive paces of growth. Moreover, Bahrain emerged as the fastest-growing importer imported in the Middle East, with a CAGR of X% from 2012-2022. By contrast, the United Arab Emirates (X%), Qatar (X%), Iran (X%), Israel (X%), Lebanon (X%) and Saudi Arabia (X%) illustrated a downward trend over the same period. From 2012 to 2022, the share of Turkey and Bahrain increased by X and X percentage points, respectively. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Turkey ($X) constitutes the largest market for imported aluminium alloy wire in the Middle East, comprising X% of total imports. The second position in the ranking was held by Bahrain ($X), with a X% share of total imports. It was followed by Saudi Arabia, with an X% share.

From 2012 to 2022, the average annual growth rate of value in Turkey totaled X%. The remaining importing countries recorded the following average annual rates of imports growth: Bahrain (X% per year) and Saudi Arabia (X% per year).

Import Prices by Country

In 2022, the import price in the Middle East amounted to $X per ton, with an increase of X% against the previous year. Over the last decade, it increased at an average annual rate of X%. The growth pace was the most rapid in 2018 when the import price increased by X%. The level of import peaked in 2022 and is expected to retain 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 Qatar ($X per ton), while Saudi Arabia ($X per ton) was amongst the lowest.

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

Source: IndexBox Platform

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