United Arab Emirates: Aluminium Bar Market Overview 2021

Aluminium Bar Market Size in the United Arab Emirates

The aluminium bar market in the United Arab Emirates expanded sharply to $X in 2019, picking up by X% against the previous year. The market value increased at an average annual rate of +X% over the period from 2007 to 2019; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The most prominent rate of growth was recorded in 2011 when the market value increased by X% against the previous year. Aluminium bar consumption peaked in 2019 and is expected to retain growth in the immediate term.

Aluminium Bar Production in the United Arab Emirates

In value terms, aluminium bar production contracted to $X in 2019 estimated in export prices. Overall, production posted a prominent expansion. The pace of growth was the most pronounced in 2010 with an increase of X% y-o-y. Aluminium bar production peaked at $X in 2012; however, from 2013 to 2019, production stood at a somewhat lower figure.

Aluminium Bar Exports

Exports from the United Arab Emirates

Aluminium bar exports from the United Arab Emirates contracted dramatically to X tonnes in 2019, dropping by -X% on the previous year. In general, exports, however, continue to indicate a pronounced expansion. The most prominent rate of growth was recorded in 2018 when exports increased by X% y-o-y. Over the period under review, exports reached the maximum at X tonnes in 2014; however, from 2015 to 2019, exports remained at a lower figure.

In value terms, aluminium bar exports dropped significantly to $X in 2019. Over the period under review, exports, however, recorded a relatively flat trend pattern. The growth pace was the most rapid in 2018 with an increase of X% year-to-year. Exports peaked at $X in 2012; however, from 2013 to 2019, exports remained at a lower figure.

Exports by Country

Saudi Arabia (X tonnes) was the main destination for aluminium bar exports from the United Arab Emirates, with a X% share of total exports. Moreover, aluminium bar exports to Saudi Arabia exceeded the volume sent to the second major destination, Kuwait (X tonnes), fourfold. The third position in this ranking was occupied by Yemen (X tonnes), with a X% share.

From 2007 to 2019, the average annual growth rate of volume to Saudi Arabia stood at +X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Kuwait (+X% per year) and Yemen (+X% per year).

In value terms, Saudi Arabia ($X) remains the key foreign market for aluminium bar exports from the United Arab Emirates, comprising X% of total exports. The second position in the ranking was occupied by Kuwait ($X), with a X% share of total exports. It was followed by Egypt, with a X% share.

From 2007 to 2019, the average annual growth rate of value to Saudi Arabia stood at +X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Kuwait (+X% per year) and Egypt (-X% per year).

Export Prices by Country

The average aluminium bar export price stood at $X per tonne in 2019, which is down by -X% against the previous year. In general, the export price recorded a mild curtailment. The pace of growth was the most pronounced in 2011 when the average export price increased by X% y-o-y. The export price peaked at $X per tonne in 2008; however, from 2009 to 2019, export prices remained at a lower figure.

Prices varied noticeably by the country of destination; the country with the highest price was the U.S. ($X per tonne), while the average price for exports to Yemen ($X per tonne) was amongst the lowest.

From 2007 to 2019, the most notable rate of growth in terms of prices was recorded for supplies to Canada, while the prices for the other major destinations experienced more modest paces of growth.

Aluminium Bar Imports

Imports into the United Arab Emirates

In 2019, approx. X tonnes of aluminium bars, rods and profiles were imported into the United Arab Emirates; which is down by -X% on the year before. In general, imports continue to indicate a abrupt setback. The most prominent rate of growth was recorded in 2008 when imports increased by X% year-to-year. Over the period under review, imports hit record highs at X tonnes in 2009; however, from 2010 to 2019, imports remained at a lower figure.

In value terms, aluminium bar imports reduced notably to $X in 2019. Over the period under review, imports showed a abrupt shrinkage. The pace of growth appeared the most rapid in 2008 when imports increased by X% year-to-year. As a result, imports reached the peak of $X. From 2009 to 2019, the growth imports remained at a somewhat lower figure.

Imports by Country

Saudi Arabia (X tonnes), China (X tonnes) and India (X tonnes) were the main suppliers of aluminium bar imports to the United Arab Emirates, with a combined X% share of total imports. Turkey, Italy and Germany lagged somewhat behind, together accounting for a further X 2007 to 2019, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by Turkey, while imports for the other leaders experienced more modest paces of growth.

In value terms, the largest aluminium bar suppliers to the United Arab Emirates were Saudi Arabia ($X), China ($X) and Germany ($X), with a combined X% share of total imports. India, Italy and Turkey lagged somewhat behind, together comprising a further X the main suppliers, Turkey saw the highest rates of growth with regard to the value of imports, over the period under review, while purchases for the other leaders experienced mixed trend patterns.

Import Prices by Country

The average aluminium bar import price stood at $X per tonne in 2019, surging by X% against the previous year. Overall, the import price showed a relatively flat trend pattern. The most prominent rate of growth was recorded in 2010 an increase of X% y-o-y. Over the period under review, average import prices attained the maximum at $X per tonne in 2015; however, from 2016 to 2019, import prices stood at a somewhat lower figure.

Prices varied noticeably by the country of origin; the country with the highest price was Germany ($X per tonne), while the price for Saudi Arabia ($X per tonne) was amongst the lowest.

From 2007 to 2019, the most notable rate of growth in terms of prices was attained by India, while the prices for the other major suppliers experienced a decline.

Source: IndexBox AI Platform

Frequently Asked Questions (FAQ) :

What are the largest markets for aluminium bars, rods and profiles in the world?

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The countries with the highest volumes of aluminium bar consumption in 2019 were China (5.1M tonnes), the U.S. (2.9M tonnes) and Brazil (1.2M tonnes), together comprising 49% of global consumption.

What are the largest producers of aluminium bars, rods and profiles in the world?

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China (6.1M tonnes) constituted the country with the largest volume of aluminium bar production, comprising approx. 31% of total volume. Moreover, aluminium bar production in China exceeded the figures recorded by the second-largest producer, the U.S. (2.9M tonnes), twofold. The third position in this ranking was occupied by Brazil (1.2M tonnes), with a 6.2% share.

What are the leading suppliers of aluminium bars, rods and profiles to the United Arab Emirates?

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In value terms, the largest aluminium bar suppliers to the United Arab Emirates were Saudi Arabia ($21M), China ($20M) and Germany ($4M), with a combined 71% share of total imports. India, Italy and Turkey lagged somewhat behind, together comprising a further 15%.

What are the leading importers of aluminium bars, rods and profiles from the United Arab Emirates?

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In value terms, Saudi Arabia ($53M) remains the key foreign market for aluminium bar exports from the United Arab Emirates, comprising 43% of total exports. The second position in the ranking was occupied by Kuwait ($17M), with a 14% share of total exports. It was followed by Egypt, with a 5.3% share.

What is the average export price for aluminium bars, rods and profiles in the United Arab Emirates?

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The average aluminium bar export price stood at $2,778 per tonne in 2019, which is down by -12.5% against the previous year.

What is the average import price for aluminium bars, rods and profiles in the United Arab Emirates?

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In 2019, the average aluminium bar import price amounted to $3,607 per tonne, rising by 4.7% against the previous year.