United Arab Emirates: Market for Aluminium Alloy Plates, Sheets and Strip of Thickness over 0.2 mm 2024

Market Size for Aluminium Alloy Plates, Sheets and Strip of Thickness over 0.2 mm in the United Arab Emirates

In 2023, the market for aluminium alloy plates, sheets and strip of thickness over X mm in the United Arab Emirates decreased by X% to $X for the first time since 2017, thus ending a five-year rising trend. In general, consumption, however, continues to indicate a buoyant increase. Over the period under review, the market attained the peak level at $X in 2022, and then fell in the following year.

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

Exports from the United Arab Emirates

In 2023, shipments abroad of aluminium alloy plates, sheets and strip of thickness over X mm was finally on the rise to reach X tons for the first time since 2020, thus ending a two-year declining trend. In general, total exports indicated tangible growth from 2012 to 2023: its volume 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, exports decreased by X% against 2020 indices. The pace of growth was the most pronounced in 2013 with an increase of X%. Over the period under review, the exports of hit record highs at X tons in 2020; however, from 2021 to 2023, the exports stood at a somewhat lower figure.

In value terms, exports of aluminium alloy plates, sheets and strip of thickness over X mm totaled $X in 2023. Overall, total exports indicated a measured 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, exports decreased by X% against 2020 indices. The pace of growth appeared the most rapid in 2013 with an increase of X%. Over the period under review, the exports of attained the peak figure at $X in 2020; however, from 2021 to 2023, the exports stood at a somewhat lower figure.

Exports by Country

Germany (X tons), the United States (X tons) and Egypt (X tons) were the main destinations of exports of aluminium alloy plates, sheets and strip of thickness over X mm from the United Arab Emirates, together comprising X% of total exports. The UK, Australia, Brazil and Israel lagged somewhat behind, together comprising a further X%.

From 2012 to 2023, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by Israel (with a CAGR of X%), while the other leaders experienced more modest paces of growth.

In value terms, Germany ($X) emerged as the key foreign market for aluminium alloy plates, sheets and strip of thickness over X mm exports from the United Arab Emirates, comprising X% of total exports. The second position in the ranking was held by Egypt ($X), with an X% share of total exports. It was followed by the United States, with an X% share.

From 2012 to 2023, the average annual growth rate of value to Germany stood at X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Egypt (X% per year) and the United States (X% per year).

Export Prices by Country

In 2023, the average export price for aluminium alloy plates, sheets and strip of thickness over X mm amounted to $X per ton, picking up by X% against the previous year. Over the period from 2012 to 2023, it increased at an average annual rate of X%. The pace of growth was the most pronounced in 2022 when the average export price increased by X%. Over the period under review, the average export prices hit record highs in 2023 and is expected to retain growth in the near future.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Germany ($X per ton), while the average price for exports to Brazil ($X per ton) was amongst the lowest.

From 2012 to 2023, the most notable rate of growth in terms of prices was recorded for supplies to Kuwait (X%), while the prices for the other major destinations experienced more modest paces of growth.

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Imports of Aluminium Alloy Plates, Sheets and Strip of Thickness over 0.2 mm

Imports into the United Arab Emirates

Imports of aluminium alloy plates, sheets and strip of thickness over X mm into the United Arab Emirates amounted to X tons in 2023, almost unchanged from 2022. Overall, total imports indicated pronounced growth from 2012 to 2023: its volume 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. Based on 2023 figures, imports decreased by X% against 2021 indices. The most prominent rate of growth was recorded in 2013 with an increase of X% against the previous year. Imports peaked at X tons in 2021; however, from 2022 to 2023, imports failed to regain momentum.

In value terms, imports of aluminium alloy plates, sheets and strip of thickness over X mm dropped to $X in 2023. In general, imports posted a resilient expansion. The pace of growth was the most pronounced in 2021 with an increase of X% against the previous year. Imports peaked at $X in 2022, and then contracted in the following year.

Imports by Country

In 2023, China (X tons) was the main supplier of aluminium alloy plate, sheet and strip of thickness over X mm to the United Arab Emirates, with a X% share of total imports. Moreover, imports of aluminium alloy plates, sheets and strip of thickness over X mm from China exceeded the figures recorded by the second-largest supplier, Greece (X tons), more than tenfold. The United States (X tons) ranked third in terms of total imports with a X% share.

From 2012 to 2023, the average annual rate of growth in terms of volume from China stood at X%. The remaining supplying countries recorded the following average annual rates of imports growth: Greece (X% per year) and the United States (X% per year).

In value terms, China ($X) constituted the largest supplier of aluminium alloy plates, sheets and strip of thickness over X mm to the United Arab Emirates, comprising X% of total imports. The second position in the ranking was held by Greece ($X), with a X% share of total imports. It was followed by the United States, with a X% share.

From 2012 to 2023, the average annual rate of growth in terms of value from China amounted to X%. The remaining supplying countries recorded the following average annual rates of imports growth: Greece (X% per year) and the United States (X% per year).

Import Prices by Country

The average import price for aluminium alloy plates, sheets and strip of thickness over X mm stood at $X per ton in 2023, reducing by X% against the previous year. In general, the import price, however, showed a mild expansion. The pace of growth was the most pronounced in 2021 when the average import price increased by X%. The import price peaked at $X per ton in 2022, and then reduced in the following year.

There were significant differences in the average prices amongst the major supplying countries. In 2023, amid the top importers, the country with the highest price was Germany ($X per ton), while the price for China ($X per ton) was amongst the lowest.

From 2012 to 2023, the most notable rate of growth in terms of prices was attained by France (X%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform