United Arab Emirates: Aluminium Bar Market 2024

Aluminium Bar Market Size in the United Arab Emirates

The aluminium bar market in the United Arab Emirates shrank to $X in 2022, dropping by X% against the previous year. Over the period under review, the total consumption indicated pronounced growth from 2012 to 2022: its value increased at an average annual rate of X% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, consumption increased by X% against 2020 indices. Over the period under review, the market hit record highs at $X in 2019; however, from 2020 to 2022, consumption failed to regain momentum.

Aluminium Bar Production in the United Arab Emirates

In value terms, aluminium bar production dropped modestly to $X in 2022 estimated in export price. Over the period under review, production continues to indicate a mild downturn. The most prominent rate of growth was recorded in 2018 when the production volume increased by X% against the previous year. Aluminium bar production peaked at $X in 2012; however, from 2013 to 2022, production failed to regain momentum.

Aluminium Bar Exports

Exports from the United Arab Emirates

In 2022, shipments abroad of aluminium bars, rods and profiles increased by X% to X tons, rising for the second consecutive year after six years of decline. In general, exports, however, showed a pronounced slump. The pace of growth was the most pronounced in 2021 when exports increased by X%. The exports peaked at X tons in 2014; however, from 2015 to 2022, the exports remained at a lower figure.

In value terms, aluminium bar exports soared to $X in 2022. Over the period under review, exports, however, saw a slight curtailment. The pace of growth was the most pronounced in 2021 when exports increased by X% against the previous year. Over the period under review, the exports attained the peak figure at $X in 2012; however, from 2013 to 2022, the exports remained at a lower figure.

Exports by Country

Yemen (X tons), the Netherlands (X tons) and the United States (X tons) were the main destinations of aluminium bar exports from the United Arab Emirates, together comprising X% of total exports.

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

In value terms, Yemen ($X), the Netherlands ($X) and Oman ($X) constituted the largest markets for aluminium bar exported from the United Arab Emirates worldwide, with a combined X% share of total exports. Kuwait, Saudi Arabia, the United States, Egypt, Canada, India, Qatar, Italy, Morocco and Mexico lagged somewhat behind, together accounting for a further X%.

Among the main countries of destination, the United States, 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

The average aluminium bar export price stood at $X per ton in 2022, growing by X% against the previous year. Over the last decade, it increased at an average annual rate of X%. As a result, the export price reached the peak level and is likely to continue growth in the immediate term.

There were significant differences in the average prices for the major foreign markets. In 2022, amid the top suppliers, the country with the highest price was Mexico ($X per ton), while the average price for exports to the United States ($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 the Netherlands (X%), while the prices for the other major destinations experienced more modest paces of growth.

Aluminium Bar Imports

Imports into the United Arab Emirates

In 2022, imports of aluminium bars, rods and profiles into the United Arab Emirates dropped slightly to X tons, which is down by X% compared with 2021. Over the period under review, imports saw a pronounced reduction. The most prominent rate of growth was recorded in 2014 with an increase of X% against the previous year. As a result, imports reached the peak of X tons. From 2015 to 2022, the growth of imports remained at a somewhat lower figure.

In value terms, aluminium bar imports rose markedly to $X in 2022. In general, imports showed a perceptible shrinkage. The pace of growth appeared the most rapid in 2014 when imports increased by X%. As a result, imports attained the peak of $X. From 2015 to 2022, the growth of imports failed to regain momentum.

Imports by Country

The United States (X tons), Saudi Arabia (X tons) and Oman (X tons) were the main suppliers of aluminium bar imports to the United Arab Emirates, with a combined X% share of total imports. China, India, Kuwait and Bahrain lagged somewhat behind, together accounting for a further X%.

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

In value terms, Saudi Arabia ($X), Oman ($X) and China ($X) appeared to be the largest aluminium bar suppliers to the United Arab Emirates, together comprising X% of total imports. The United States, India, Kuwait and Bahrain lagged somewhat behind, together accounting for a further X%.

Kuwait, with a CAGR of X%, recorded the highest rates of growth with regard to the value of imports, among the main suppliers over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

In 2022, the average aluminium bar import price amounted to $X per ton, rising by X% against the previous year. Over the period under review, the import price saw a relatively flat trend pattern. The most prominent rate of growth was recorded in 2013 when the average import price increased by X%. The import price peaked at $X per ton in 2016; however, from 2017 to 2022, import prices stood at a somewhat lower figure.

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

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

Source: IndexBox Platform

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