United Arab Emirates: Aluminium Alloy Wire Market 2024

Aluminium Alloy Wire Market Size in the United Arab Emirates

The aluminium alloy wire market in the United Arab Emirates amounted to $X in 2022, leveling off at the previous year. In general, consumption showed a relatively flat trend pattern. Aluminium alloy wire consumption peaked at $X in 2017; however, from 2018 to 2022, consumption stood at a somewhat lower figure.

Aluminium Alloy Wire Production in the United Arab Emirates

In value terms, aluminium alloy wire production rose to $X in 2022 estimated in export price. Overall, production, however, showed a relatively flat trend pattern. The pace of growth appeared the most rapid in 2015 with an increase of X% against the previous year. Aluminium alloy wire production peaked at $X in 2018; however, from 2019 to 2022, production stood at a somewhat lower figure.

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Aluminium Alloy Wire Exports

Exports from the United Arab Emirates

In 2022, the amount of aluminium alloy wire exported from the United Arab Emirates expanded sharply to X tons, surging by X% on the previous year's figure. In general, exports, however, continue to indicate a pronounced decline. The pace of growth was the most pronounced in 2018 when exports increased by X%. As a result, the exports reached the peak of X tons. From 2019 to 2022, the growth of the exports failed to regain momentum.

In value terms, aluminium alloy wire exports expanded rapidly to $X in 2022. Over the period under review, exports, however, showed a pronounced shrinkage. The pace of growth appeared the most rapid in 2018 with an increase of X% against the previous year. As a result, the exports reached the peak of $X. From 2019 to 2022, the growth of the exports remained at a somewhat lower figure.

Exports by Country

Ethiopia (X tons), Colombia (X tons) and Brazil (X tons) were the main destinations of aluminium alloy wire exports from the United Arab Emirates, together comprising X% of total exports. Morocco, Jordan, Fiji, South Africa, Saudi Arabia, Iran and Egypt lagged somewhat behind, together accounting for a further X%.

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

In value terms, Ethiopia ($X), Brazil ($X) and Colombia ($X) constituted the largest markets for aluminium alloy wire exported from the United Arab Emirates worldwide, with a combined X% share of total exports.

In terms of the main countries of destination, Brazil, 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 more modest paces of growth.

Export Prices by Country

In 2022, the average aluminium alloy wire export price amounted to $X per ton, flattening at the previous year. In general, the export price, however, continues to indicate a relatively flat trend pattern. The growth pace was the most rapid in 2015 an increase of X% against the previous year. The export price peaked at $X per ton in 2017; however, from 2018 to 2022, the export prices stood at a somewhat lower figure.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Egypt ($X per ton), while the average price for exports to Iran ($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 Brazil (X%), while the prices for the other major destinations experienced more modest paces of growth.

Aluminium Alloy Wire Imports

Imports into the United Arab Emirates

In 2022, approx. X tons of aluminium alloy wire were imported into the United Arab Emirates; which is down by X% on 2021. In general, imports saw a noticeable decrease. The pace of growth appeared the most rapid in 2019 with an increase of X%. Imports peaked at X tons in 2014; however, from 2015 to 2022, imports remained at a lower figure.

In value terms, aluminium alloy wire imports fell to $X in 2022. Overall, imports showed a pronounced setback. The most prominent rate of growth was recorded in 2019 when imports increased by X% against the previous year. Over the period under review, imports reached the maximum at $X in 2014; however, from 2015 to 2022, imports stood at a somewhat lower figure.

Imports by Country

The Netherlands (X tons), China (X tons) and the UK (X tons) were the main suppliers of aluminium alloy wire imports to the United Arab Emirates, with a combined X% share of total imports.

From 2012 to 2022, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by China (with a CAGR of X%), while imports for the other leaders experienced mixed trend patterns.

In value terms, the largest aluminium alloy wire suppliers to the United Arab Emirates were the Netherlands ($X), the United States ($X) and China ($X), together accounting for X% of total imports.

The United States, with a CAGR of X%, recorded the highest rates of growth with regard to the value of imports, in terms of the main suppliers over the period under review, while purchases for the other leaders experienced mixed trend patterns.

Import Prices by Country

In 2022, the average aluminium alloy wire import price amounted to $X per ton, with an increase of X% against the previous year. Over the period under review, the import price, however, recorded a relatively flat trend pattern. The most prominent rate of growth was recorded in 2020 an increase of X% against the previous year. As a result, import price reached the peak level of $X per ton. From 2021 to 2022, the average import prices remained at a lower figure.

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

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

Source: IndexBox Platform

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