Middle East: Aluminium Reservoir Market 2024

Aluminium Reservoir Market Size in the Middle East

The Middle Eastern aluminium reservoir market declined dramatically to $X in 2022, which is down by X% against the previous year. Overall, consumption, however, recorded buoyant growth. The level of consumption peaked at $X in 2019; however, from 2020 to 2022, consumption stood at a somewhat lower figure.

Aluminium Reservoir Production in the Middle East

In value terms, aluminium reservoir production shrank to $X in 2022 estimated in export price. Over the period under review, production, however, continues to indicate strong growth. The pace of growth appeared the most rapid in 2018 when the production volume increased by X% against the previous year. The level of production peaked at $X in 2019; however, from 2020 to 2022, production stood at a somewhat lower figure.

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Aluminium Reservoir Exports

Exports in the Middle East

In 2022, approx. X units of aluminium reservoirs, tanks, vats and similar containers were exported in the Middle East; with a decrease of X% against 2021. Total exports indicated measured growth from 2012 to 2022: its volume 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, exports increased by X% against 2020 indices. The growth pace was the most rapid in 2014 with an increase of X%. Over the period under review, the exports hit record highs at X units in 2015; however, from 2016 to 2022, the exports remained at a lower figure.

In value terms, aluminium reservoir exports dropped to $X in 2022. In general, exports, however, recorded a buoyant increase. The most prominent rate of growth was recorded in 2013 when exports increased by X%. The level of export peaked at $X in 2021, and then contracted in the following year.

Exports by Country

Turkey prevails in exports structure, finishing at X units, which was near X% of total exports in 2022. Israel (X units) took the second position in the ranking, followed by Saudi Arabia (X units). All these countries together took near X% share of total exports. Oman (X units), the United Arab Emirates (X units), Qatar (X units) and Iran (X units) followed a long way behind the leaders.

Exports from Turkey increased at an average annual rate of X% from 2012 to 2022. At the same time, Qatar (X.1%), Iran (X%), Israel (X%) and Saudi Arabia (X%) displayed positive paces of growth. Moreover, Qatar emerged as the fastest-growing exporter exported in the Middle East, with a CAGR of X.1% from 2012-2022. By contrast, the United Arab Emirates (X%) and Oman (X%) illustrated a downward trend over the same period. While the share of Turkey (X p.p.), Israel (X p.p.), Saudi Arabia (X p.p.), Qatar (X p.p.) and Iran (X p.p.) increased significantly in terms of the total exports from 2012-2022, the share of the United Arab Emirates (X p.p.) and Oman (X p.p.) displayed negative dynamics.

In value terms, Turkey ($X) remains the largest aluminium reservoir supplier in the Middle East, comprising X% of total exports. The second position in the ranking was held by Israel ($X), with a X% share of total exports. It was followed by Saudi Arabia, with a X% share.

In Turkey, aluminium reservoir exports increased at 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: Israel (X% per year) and Saudi Arabia (X% per year).

Export Prices by Country

The export price in the Middle East stood at $X per unit in 2022, picking up by X% against the previous year. Over the period from 2012 to 2022, it increased at an average annual rate of X%. The pace of growth was the most pronounced in 2013 an increase of X% against the previous year. The level of export peaked in 2022 and is expected to retain growth in the near future.

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

From 2012 to 2022, 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.

Aluminium Reservoir Imports

Imports in the Middle East

In 2022, aluminium reservoir imports in the Middle East surged to X units, rising by X% compared with the previous year's figure. In general, imports, however, showed a deep reduction. The pace of growth appeared the most rapid in 2020 with an increase of X% against the previous year. The volume of import peaked at X units in 2012; however, from 2013 to 2022, imports failed to regain momentum.

In value terms, aluminium reservoir imports skyrocketed to $X in 2022. Over the period under review, imports, however, saw a abrupt decrease. The growth pace was the most rapid in 2020 with an increase of X% against the previous year. Over the period under review, imports attained the maximum at $X in 2012; however, from 2013 to 2022, imports stood at a somewhat lower figure.

Imports by Country

Turkey (X units), the United Arab Emirates (X units) and Qatar (X units) represented roughly X% of total imports in 2022. It was distantly followed by Iraq (X units), generating an X% share of total imports. The following importers - Oman (X units), Yemen (X units) and Israel (X units) - together made up X% of total imports.

From 2012 to 2022, the biggest increases were recorded for Qatar (with a CAGR of X%), while purchases for the other leaders experienced a decline in the imports figures.

In value terms, the largest aluminium reservoir importing markets in the Middle East were Turkey ($X), the United Arab Emirates ($X) and Oman ($X), together comprising X% of total imports.

Turkey, with a CAGR of X%, saw 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 a decline in the imports figures.

Import Prices by Country

The import price in the Middle East stood at $X per unit in 2022, picking up by X% against the previous year. Overall, the import price, however, showed a slight shrinkage. The most prominent rate of growth was recorded in 2013 an increase of X%. The level of import peaked at $X per unit in 2014; however, from 2015 to 2022, import prices failed to regain momentum.

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

From 2012 to 2022, 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

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