Middle East: 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 the Middle East

The Middle Eastern market for aluminium plates, sheets and strip of thickness over X mm reached $X in 2023, rising by X% against the previous year. The total consumption indicated a modest 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 2020 indices. As a result, consumption reached the peak level of $X. From 2015 to 2023, the growth of the market remained at a lower figure.

Production of Aluminium Plates, Sheets and Strip of Thickness over X mm in the Middle East

In value terms, production of aluminium plates, sheets and strip of thickness over X mm skyrocketed to $X in 2023 estimated in export price. In general, production showed a strong increase. The most prominent rate of growth was recorded in 2021 with an increase of X% against the previous year. Over the period under review, production of hit record highs at $X in 2019; however, from 2020 to 2023, production remained at a lower figure.

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

Exports in the Middle East

In 2023, approx. X tons of aluminium plates, sheets and strip of thickness over X mm were exported in the Middle East; growing by X% against 2022. The total export 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 in certain years. The most prominent rate of growth was recorded in 2021 when exports increased by X% against the previous year. As a result, the exports reached the peak of X tons. From 2022 to 2023, the growth of the exports of failed to regain momentum.

In value terms, exports of aluminium plates, sheets and strip of thickness over X mm declined to $X in 2023. Total exports indicated perceptible growth from 2012 to 2023: its value 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 pace of growth was the most pronounced in 2021 when exports increased by X%. Over the period under review, the exports of hit record highs at $X in 2022, and then reduced in the following year.

Exports by Country

Turkey dominates mm structure, accounting for X tons, which was approx. X% of total exports in 2023. It was distantly followed by the United Arab Emirates (X tons), creating a X% share of total exports. Saudi Arabia (X tons) took a little share of total exports.

Exports from Turkey increased at an average annual rate of X% from 2012 to 2023. At the same time, Saudi Arabia (X%) and the United Arab Emirates (X%) displayed positive paces of growth. Moreover, Saudi Arabia emerged as the fastest-growing exporter exported in the Middle East, with a CAGR of X% from 2012-2023. 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 ($X) remains the largest aluminium plate, sheet and strip of thickness over X mm supplier in the Middle East, comprising X% of total exports. The second position in the ranking was held by the United Arab Emirates ($X), with a X% share of total exports.

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

Export Prices by Country

The export price in the Middle East stood at $X per ton in 2023, declining by X% against the previous year. In general, the export price, however, continues to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in 2021 when the export price increased by X%. Over the period under review, the export prices reached the peak figure at $X per ton in 2022, and then reduced remarkably in the following year.

Average prices varied noticeably amongst the major exporting countries. In 2023, amid the top suppliers, the country with the highest price was the United Arab Emirates ($X per ton), while Saudi Arabia ($X per ton) was 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 the Middle East

Imports of aluminium plates, sheets and strip of thickness over X mm contracted to X tons in 2023, with a decrease of X% on the year before. Over the period under review, imports saw a abrupt descent. The most prominent rate of growth was recorded in 2015 with an increase of X%. Over the period under review, imports of attained the maximum at X tons in 2012; however, from 2013 to 2023, imports failed to regain momentum.

In value terms, imports of aluminium plates, sheets and strip of thickness over X mm declined dramatically to $X in 2023. Overall, imports showed a abrupt descent. The pace of growth was the most pronounced in 2021 when imports increased by X% against the previous year. Over the period under review, imports of reached the peak figure at $X in 2012; however, from 2013 to 2023, imports stood at a somewhat lower figure.

Imports by Country

In 2023, the United Arab Emirates (X tons) represented the key importer of aluminium plates, sheets and strip of thickness over X mm, creating X% of total imports. Turkey (X tons) ranks second in terms of the total imports with a X% share, followed by Iraq (X%), Qatar (X%), Kuwait (X%), Saudi Arabia (X%) and Oman (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, Qatar (X%), Kuwait (X%), Turkey (X%) and Iraq (X%) displayed positive paces of growth. Moreover, Qatar emerged as the fastest-growing importer imported in the Middle East, with a CAGR of X% from 2012-2023. Oman experienced a relatively flat trend pattern. By contrast, Saudi Arabia (X%) illustrated a downward trend over the same period. While the share of the United Arab Emirates (X p.p.), Turkey (X p.p.), Iraq (X p.p.), Qatar (X p.p.), Kuwait (X p.p.) and Oman (X p.p.) increased significantly in terms of the total imports from 2012-2023, the share of Saudi Arabia (X p.p.) displayed negative dynamics.

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

In the United Arab Emirates, imports of aluminium plates, sheets and strip of thickness over X mm remained relatively stable over the period from 2012-2023. 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 the Middle East amounted to $X per ton, shrinking by X% against the previous year. Overall, the import price showed a relatively flat trend pattern. 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 at $X per ton in 2014; however, from 2015 to 2023, import prices stood at a somewhat lower figure.

Average prices varied somewhat amongst the major importing countries. In 2023, major importing countries recorded the following prices: in Turkey ($X per ton) and Saudi Arabia ($X per ton), while Qatar ($X per ton) and Iraq ($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.

Source: IndexBox Platform