MENA: Aluminium Alloy Wire Market 2024

Aluminium Alloy Wire Market Size in MENA

The MENA's aluminium alloy wire market shrank to $X in 2022, waning by X% against the previous year. In general, consumption continues to indicate a slight curtailment. Over the period under review, the market reached the peak level at $X in 2012; however, from 2013 to 2022, consumption failed to regain momentum.

Aluminium Alloy Wire Production in MENA

In value terms, aluminium alloy wire production reduced modestly to $X in 2022 estimated in export price. In general, production showed a mild shrinkage. The pace of growth appeared the most rapid in 2015 with an increase of X%. Over the period under review, production reached the peak level at $X in 2012; however, from 2013 to 2022, production failed to regain momentum.

Aluminium Alloy Wire Exports

Exports in MENA

In 2022, shipments abroad of aluminium alloy wire was finally on the rise to reach X tons after two years of decline. In general, exports, however, recorded a perceptible descent. The pace of growth appeared the most rapid in 2015 with an increase of X%. As a result, the exports attained the peak of X tons. From 2016 to 2022, the growth of the exports remained at a somewhat lower figure.

In value terms, aluminium alloy wire exports expanded to $X in 2022. Overall, exports, however, showed a noticeable slump. The most prominent rate of growth was recorded in 2015 when exports increased by X% against the previous year. The level of export peaked at $X in 2013; however, from 2014 to 2022, the exports failed to regain momentum.

Exports by Country

Bahrain was the major exporter of aluminium alloy wire in MENA, with the volume of exports amounting to X tons, which was approx. X% of total exports in 2022. Egypt (X tons) ranks second in terms of the total exports with a X% share, followed by Oman (X%) and Turkey (X%). The United Arab Emirates (X tons) held a relatively small share of total exports.

From 2012 to 2022, the most notable rate of growth in terms of shipments, amongst the key exporting countries, was attained by Oman (with a CAGR of X%), while the other leaders experienced a decline in the exports figures.

In value terms, Bahrain ($X), Egypt ($X) and Turkey ($X) constituted the countries with the highest levels of exports in 2022, together comprising X% of total exports. Oman and the United Arab Emirates lagged somewhat behind, together accounting for a further X%.

In terms of the main exporting countries, Oman, with a CAGR of X%, recorded the highest growth rate of the value of exports, over the period under review, while shipments for the other leaders experienced mixed trends in the exports figures.

Export Prices by Country

The export price in MENA stood at $X per ton in 2022, approximately equating the previous year. In general, the export price continues to indicate a slight setback. The growth pace was the most rapid in 2020 an increase of X%. Over the period under review, the export prices attained the peak figure at $X per ton in 2012; however, from 2013 to 2022, the export prices failed to regain momentum.

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 MENA

In 2022, approx. X tons of aluminium alloy wire were imported in MENA; with a decrease of X% compared with the previous year. Overall, imports recorded a deep downturn. The growth pace was the most rapid in 2019 when imports increased by X%. The volume of import peaked at X tons in 2015; however, from 2016 to 2022, imports stood at a somewhat lower figure.

In value terms, aluminium alloy wire imports expanded modestly to $X in 2022. In general, imports saw a perceptible decrease. 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 hit record highs at $X in 2013; however, from 2014 to 2022, imports stood at a somewhat lower figure.

Imports by Country

Turkey (X tons) and Morocco (X tons) represented roughly X% of total imports in 2022. It was distantly followed by Saudi Arabia (X tons), Egypt (X tons), Bahrain (X tons), Tunisia (X tons), Algeria (X tons) and the United Arab Emirates (X tons), together committing a X% share of total imports.

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

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

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

Import Prices by Country

In 2022, the import price in MENA 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%. As a result, import price reached the peak level and is likely to continue growth in the immediate term.

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 Turkey ($X per ton), while Saudi Arabia ($X per ton) was amongst the lowest.

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

Source: IndexBox Platform

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