Middle East: Aluminium Tube Market 2024

Aluminium Tube Market Size in the Middle East

The Middle Eastern aluminium tube market fell modestly to $X in 2022, which is down by X% against the previous year. The total consumption indicated prominent growth from 2012 to 2022: its value 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, consumption increased by X% against 2020 indices. As a result, consumption reached the peak level of $X, and then fell slightly in the following year.

Aluminium Tube Production in the Middle East

In value terms, aluminium tube production reduced markedly to $X in 2022 estimated in export price. Over the period under review, production enjoyed a buoyant expansion. The most prominent rate of growth was recorded in 2018 when the production volume increased by X% against the previous year. Over the period under review, production hit record highs at $X in 2019; however, from 2020 to 2022, production remained at a lower figure.

Aluminium Tube Exports

Exports in the Middle East

In 2022, exports of aluminium tubes and pipes in the Middle East surged to X tons, growing by X% compared with the previous year. Overall, exports saw a strong increase. The pace of growth appeared the most rapid in 2019 with an increase of X% against the previous year. The volume of export peaked in 2022 and is expected to retain growth in the near future.

In value terms, aluminium tube exports skyrocketed to $X in 2022. Over the period under review, exports showed a strong increase. The pace of growth was the most pronounced in 2013 with an increase of X%. Over the period under review, the exports reached the peak figure in 2022 and are likely to see steady growth in years to come.

Exports by Country

In 2022, the United Arab Emirates (X tons) and Saudi Arabia (X tons) were the major exporters of aluminium tubes and pipes in the Middle East, together making up X% of total exports. It was distantly followed by Turkey (X tons), creating a X% share of total exports. Bahrain (X tons) took a little share of total exports.

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

In value terms, the largest aluminium tube supplying countries in the Middle East were the United Arab Emirates ($X), Saudi Arabia ($X) and Turkey ($X), with a combined X% share of total exports.

Saudi Arabia, with a CAGR of X%, saw the highest growth rate of the value of exports, among the main exporting countries over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

The export price in the Middle East stood at $X per ton in 2022, growing 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 appeared the most rapid in 2021 when the export price increased by X%. The level of export peaked in 2022 and is likely to see steady growth in the immediate term.

Average prices varied somewhat amongst the major exporting countries. In 2022, major exporting countries recorded the following prices: in Bahrain ($X per ton) and Turkey ($X per ton), while Saudi Arabia ($X per ton) and the United Arab Emirates ($X per ton) were amongst the lowest.

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

Aluminium Tube Imports

Imports in the Middle East

In 2022, the amount of aluminium tubes and pipes imported in the Middle East soared to X tons, jumping by X% on the previous year's figure. Over the period under review, imports enjoyed a remarkable increase. The most prominent rate of growth was recorded in 2015 when imports increased by X% against the previous year. Over the period under review, imports hit record highs in 2022 and are likely to see steady growth in years to come.

In value terms, aluminium tube imports skyrocketed to $X in 2022. Overall, imports continue to indicate a moderate expansion. The most prominent rate of growth was recorded in 2015 with an increase of X% against the previous year. Over the period under review, imports attained the maximum in 2022 and are likely to continue growth in the immediate term.

Imports by Country

Oman was the major importing country with an import of about X tons, which reached X% of total imports. Yemen (X tons) ranks second in terms of the total imports with a X% share, followed by the United Arab Emirates (X%). The following importers - Iraq (X tons) and Iran (X tons) - together made up X% of total imports.

Imports into Oman increased at an average annual rate of X% from 2012 to 2022. At the same time, Yemen (X%), Iraq (X%) and the United Arab Emirates (X%) displayed positive paces of growth. Moreover, Yemen emerged as the fastest-growing importer imported in the Middle East, with a CAGR of X% from 2012-2022. By contrast, Iran (X%) illustrated a downward trend over the same period. From 2012 to 2022, the share of Oman, Yemen and Iraq increased by X, X and X percentage points, respectively.

In value terms, Oman ($X) constitutes the largest market for imported aluminium tubes and pipes in the Middle East, comprising X% of total imports. The second position in the ranking was taken by the United Arab Emirates ($X), with a X% share of total imports. It was followed by Yemen, with a X% share.

From 2012 to 2022, the average annual rate of growth in terms of value in Oman amounted to X%. The remaining importing countries recorded the following average annual rates of imports growth: the United Arab Emirates (X% per year) and Yemen (X% per year).

Import Prices by Country

In 2022, the import price in the Middle East amounted to $X per ton, therefore, remained relatively stable against the previous year. Overall, the import price, however, showed a pronounced descent. The most prominent rate of growth was recorded in 2018 when the import price increased by X%. The level of import peaked at $X per ton in 2012; however, from 2013 to 2022, import prices remained at a lower figure.

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

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Iran (X%), while the other leaders experienced mixed trends in the import price figures.

Source: IndexBox Platform

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