MENA: Aluminium Foil Market 2024

Aluminium Foil Market Size in MENA

For the fifth consecutive year, the MENA's aluminium foil market recorded growth in sales value, which increased by 7.8% to $X in 2021. The market value increased at an average annual rate of +4.2% from 2012 to 2021; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The level of consumption peaked in 2021 and is likely to see steady growth in the near future.

Aluminium Foil Production in MENA

In value terms, aluminium foil production declined to $X in 2021 estimated in export price. Over the period under review, production, however, posted a remarkable increase. The pace of growth was the most pronounced in 2018 with an increase of 24% against the previous year. Over the period under review, production attained the peak level at $X in 2020, and then shrank in the following year.

Aluminium Foil Exports

Exports in MENA

In 2021, exports of aluminium foil in MENA expanded notably to X tons, rising by 5.6% against 2020. Total exports indicated resilient growth from 2012 to 2021: its volume increased at an average annual rate of +7.9% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, exports increased by +98.4% against 2012 indices. The growth pace was the most rapid in 2018 with an increase of 21%. Over the period under review, the exports reached the peak figure in 2021 and are expected to retain growth in the near future.

In value terms, aluminium foil exports soared to $X in 2021. Total exports indicated a remarkable increase from 2012 to 2021: its value increased at an average annual rate of +6.6% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. As a result, the exports attained the peak and are likely to continue growth in the immediate term.

Exports by Country

Turkey was the major exporter of aluminium foil in MENA, with the volume of exports finishing at X tons, which was approx. 67% of total exports in 2021. The United Arab Emirates (X tons) ranks second in terms of the total exports with a 13% share, followed by Bahrain (10%) and Saudi Arabia (6.2%).

From 2012 to 2021, average annual rates of growth with regard to aluminium foil exports from Turkey stood at +8.5%. At the same time, Saudi Arabia (+25.4%), the United Arab Emirates (+14.0%) and Bahrain (+1.7%) displayed positive paces of growth. Moreover, Saudi Arabia emerged as the fastest-growing exporter exported in MENA, with a CAGR of +25.4% from 2012-2021. While the share of the United Arab Emirates (+5.2 p.p.), Saudi Arabia (+4.6 p.p.) and Turkey (+3.1 p.p.) increased significantly in terms of the total exports from 2012-2021, the share of Bahrain (-7.2 p.p.) displayed negative dynamics.

In value terms, Turkey ($X) remains the largest aluminium foil supplier in MENA, comprising 72% of total exports. The second position in the ranking was taken by the United Arab Emirates ($X), with an 11% share of total exports. It was followed by Bahrain, with a 6.6% share.

From 2012 to 2021, the average annual growth rate of value in Turkey stood at +8.4%. In the other countries, the average annual rates were as follows: the United Arab Emirates (+11.5% per year) and Bahrain (-2.4% per year).

Export Prices by Country

In 2021, the export price in MENA amounted to $X per ton, growing by 25% against the previous year. In general, the export price, however, showed a slight reduction. Over the period under review, the export prices hit record highs at $X per ton in 2013; however, from 2014 to 2021, the export prices failed to regain momentum.

There were significant differences in the average prices amongst the major exporting countries. In 2021, the country with the highest price was Turkey ($X per ton), while Bahrain ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Turkey (-0.1%), while the other leaders experienced a decline in the export price figures.

Aluminium Foil Imports

Imports in MENA

In 2021, approx. X tons of aluminium foil were imported in MENA; picking up by 5.4% compared with the year before. The total import volume increased at an average annual rate of +3.7% over the period from 2012 to 2021; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The pace of growth was the most pronounced in 2017 with an increase of 12%. Over the period under review, imports reached the peak figure at X tons in 2019; however, from 2020 to 2021, imports remained at a lower figure.

In value terms, aluminium foil imports surged to $X in 2021. The total import value increased at an average annual rate of +3.1% over the period from 2012 to 2021; however, the trend pattern remained consistent, with only minor fluctuations being observed throughout the analyzed period. As a result, imports reached the peak and are likely to continue growth in the immediate term.

Imports by Country

The countries with the highest levels of aluminium foil imports in 2021 were the United Arab Emirates (X tons), Saudi Arabia (X tons) and Turkey (X tons), together recording 58% of total import. Egypt (X tons) ranks next in terms of the total imports with a 6.7% share, followed by Morocco (5.6%), Iraq (5.1%) and Algeria (4.5%). Iran (X tons), Israel (X tons), Kuwait (X tons) and Jordan (X tons) held a little share of total imports.

From 2012 to 2021, the most notable rate of growth in terms of purchases, amongst the main importing countries, was attained by Iraq (with a CAGR of +16.1%), while imports for the other leaders experienced more modest paces of growth.

In value terms, the United Arab Emirates ($X), Turkey ($X) and Saudi Arabia ($X) appeared to be the countries with the highest levels of imports in 2021, together comprising 54% of total imports. Egypt, Israel, Algeria, Morocco, Iraq, Iran, Kuwait and Jordan lagged somewhat behind, together comprising a further 38%.

In terms of the main importing countries, Iraq, with a CAGR of +18.4%, recorded the highest growth rate of the value of imports, over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

The import price in MENA stood at $X per ton in 2021, rising by 18% against the previous year. Over the period under review, the import price, however, showed a relatively flat trend pattern. The level of import peaked at $X per ton in 2012; however, from 2013 to 2021, import prices failed to regain momentum.

Prices varied noticeably country of destination: the country with the highest price was Israel ($X per ton), while Kuwait ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Jordan (+2.3%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform