Saudi Arabia: Aluminium Foil Market 2024

Aluminium Foil Market Size in Saudi Arabia

In 2022, the Saudi aluminium foil market decreased by X% to $X for the first time since 2018, thus ending a three-year rising trend. In general, consumption showed a relatively flat trend pattern. Aluminium foil consumption peaked at $X in 2021, and then reduced in the following year.

Aluminium Foil Exports

Exports from Saudi Arabia

In 2022, overseas shipments of aluminium foil increased by X% to X tons, rising for the fourth year in a row after three years of decline. Overall, exports enjoyed a strong expansion. The most prominent rate of growth was recorded 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 failed to regain momentum.

In value terms, aluminium foil exports declined to $X in 2022. In general, exports posted a noticeable increase. The growth pace was the most rapid in 2014 when exports increased by X%. The exports peaked at $X in 2015; however, from 2016 to 2022, the exports stood at a somewhat lower figure.

Exports by Country

Egypt (X tons) was the main destination for aluminium foil exports from Saudi Arabia, with a X% share of total exports. Moreover, aluminium foil exports to Egypt exceeded the volume sent to the second major destination, Kuwait (X tons), sevenfold. Jordan (X tons) ranked third in terms of total exports with a X% share.

From 2012 to 2022, the average annual rate of growth in terms of volume to Egypt amounted to X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Kuwait (X% per year) and Jordan (X% per year).

In value terms, Egypt ($X) emerged as the key foreign market for aluminium foil exports from Saudi Arabia, comprising X% of total exports. The second position in the ranking was held by Kuwait ($X), with a X% share of total exports. It was followed by Jordan, with a X% share.

From 2012 to 2022, the average annual growth rate of value to Egypt amounted to X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Kuwait (X% per year) and Jordan (X% per year).

Export Prices by Country

In 2022, the average aluminium foil export price amounted to $X per ton, with a decrease of X% against the previous year. Over the period under review, the export price recorded a noticeable descent. The pace of growth appeared the most rapid in 2018 when the average export price increased by X% against the previous year. The export price peaked 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 for the major overseas markets. In 2022, amid the top suppliers, the country with the highest price was Oman ($X per ton), while the average price for exports to Morocco ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Bahrain (X%), while the prices for the other major destinations experienced more modest paces of growth.

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Aluminium Foil Imports

Imports into Saudi Arabia

In 2022, approx. X tons of aluminium foil were imported into Saudi Arabia; picking up by X% compared with the year before. The total import volume increased at an average annual rate of X% from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The pace of growth was the most pronounced in 2019 with an increase of X%. Over the period under review, imports attained the peak figure at X tons in 2020; however, from 2021 to 2022, imports failed to regain momentum.

In value terms, aluminium foil imports fell slightly to $X in 2022. Over the period under review, imports recorded a relatively flat trend pattern. The pace of growth was the most pronounced in 2019 when imports increased by X% against the previous year. Over the period under review, imports attained the maximum at $X in 2021, and then fell slightly in the following year.

Imports by Country

In 2022, China (X tons) constituted the largest aluminium foil supplier to Saudi Arabia, accounting for a X% share of total imports. Moreover, aluminium foil imports from China exceeded the figures recorded by the second-largest supplier, the United Arab Emirates (X tons), sevenfold. South Korea (X tons) ranked third in terms of total imports with a X% share.

From 2012 to 2022, the average annual rate of growth in terms of volume from China amounted to X%. The remaining supplying countries recorded the following average annual rates of imports growth: the United Arab Emirates (X% per year) and South Korea (X% per year).

In value terms, China ($X) constituted the largest supplier of aluminium foil to Saudi Arabia, comprising X% of total imports. The second position in the ranking was taken by the United Arab Emirates ($X), with an X% share of total imports. It was followed by South Korea, with a X% share.

From 2012 to 2022, the average annual growth rate of value from China totaled X%. The remaining supplying countries recorded the following average annual rates of imports growth: the United Arab Emirates (X% per year) and South Korea (X% per year).

Import Prices by Country

In 2022, the average aluminium foil import price amounted to $X per ton, which is down by X% against the previous year. Over the period under review, the import price recorded a noticeable contraction. The growth pace was the most rapid in 2021 an increase of X% against the previous year. Over the period under review, average import prices attained the peak figure at $X per ton in 2012; however, from 2013 to 2022, import prices failed to regain momentum.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Italy ($X per ton), while the price for South Korea ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by South Korea (X%), while the prices for the other major suppliers experienced mixed trend patterns.

Source: IndexBox Platform