MENA: Aluminium Hydroxide Market 2024

Aluminium Hydroxide Market Size in MENA

The MENA's aluminium hydroxide market contracted modestly to $X in 2022, remaining constant against the previous year. The market value increased at an average annual rate of +3.7% from 2012 to 2022; however, the trend pattern remained consistent, with somewhat noticeable fluctuations being observed in certain years. The level of consumption peaked at $X in 2019; afterwards, it flattened through to 2022.

Aluminium Hydroxide Production in MENA

In value terms, aluminium hydroxide production stood at $X in 2022 estimated in export price. The total output value increased at an average annual rate of +4.3% over the period from 2012 to 2022; the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The growth pace was the most rapid in 2013 with an increase of 31% against the previous year. Over the period under review, production reached the maximum level at $X in 2020; afterwards, it flattened through to 2022.

Aluminium Hydroxide Exports

Exports in MENA

In 2022, approx. X tons of aluminium hydroxide were exported in MENA; declining by -15% compared with the previous year's figure. Overall, exports showed a noticeable setback. The most prominent rate of growth was recorded in 2019 when exports increased by 263% against the previous year. The volume of export peaked at X tons in 2012; however, from 2013 to 2022, the exports stood at a somewhat lower figure.

In value terms, aluminium hydroxide exports shrank dramatically to $X in 2022. In general, exports saw a noticeable shrinkage. The most prominent rate of growth was recorded in 2019 when exports increased by 234%. The level of export peaked at $X in 2021, and then plummeted in the following year.

Exports by Country

Saudi Arabia dominates exports structure, reaching X tons, which was approx. 76% of total exports in 2022. Israel (X tons) ranks second in terms of the total exports with a 9.8% share, followed by Bahrain (5.2%) and Morocco (5.2%). The United Arab Emirates (X tons) held a minor share of total exports.

From 2012 to 2022, average annual rates of growth with regard to aluminium hydroxide exports from Saudi Arabia stood at +60.5%. At the same time, Bahrain (+267.5%) and Morocco (+22.7%) displayed positive paces of growth. Moreover, Bahrain emerged as the fastest-growing exporter exported in MENA, with a CAGR of +267.5% from 2012-2022. By contrast, the United Arab Emirates (-5.2%) and Israel (-23.2%) illustrated a downward trend over the same period. Saudi Arabia (+76 p.p.), Bahrain (+5.2 p.p.) and Morocco (+5.2 p.p.) significantly strengthened its position in terms of the total exports, while Israel saw its share reduced by -83.9% from 2012 to 2022, respectively. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Saudi Arabia ($X) remains the largest aluminium hydroxide supplier in MENA, comprising 82% of total exports. The second position in the ranking was taken by Israel ($X), with an 11% share of total exports. It was followed by the United Arab Emirates, with a 3.4% share.

In Saudi Arabia, aluminium hydroxide exports increased at an average annual rate of +56.3% over the period from 2012-2022. In the other countries, the average annual rates were as follows: Israel (-20.8% per year) and the United Arab Emirates (-4.5% per year).

Export Prices by Country

The export price in MENA stood at $X per ton in 2022, which is down by -14.3% against the previous year. Export price indicated a modest expansion from 2012 to 2022: its price increased at an average annual rate of +1.6% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, aluminium hydroxide export price decreased by -22.8% against 2020 indices. The pace of growth appeared the most rapid in 2020 when the export price increased by 28% against the previous year. As a result, the export price attained the peak level of $X per ton. From 2021 to 2022, the export prices remained at a somewhat lower figure.

There were significant differences in the average prices amongst the major exporting countries. In 2022, amid the top suppliers, the country with the highest price was Israel ($X per ton), while Bahrain ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Israel (+3.1%), while the other leaders experienced mixed trends in the export price figures.

Aluminium Hydroxide Imports

Imports in MENA

In 2022, purchases abroad of aluminium hydroxide was finally on the rise to reach X tons after two years of decline. Total imports indicated a notable expansion from 2012 to 2022: its volume increased at an average annual rate of +4.9% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports decreased by -16.6% against 2019 indices. The most prominent rate of growth was recorded in 2014 with an increase of 29%. Over the period under review, imports reached the maximum at X tons in 2019; however, from 2020 to 2022, imports stood at a somewhat lower figure.

In value terms, aluminium hydroxide imports amounted to $X in 2022. Total imports indicated tangible growth from 2012 to 2022: its value increased at an average annual rate of +4.2% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +5.7% against 2020 indices. The pace of growth was the most pronounced in 2018 with an increase of 27%. The level of import peaked at $X in 2019; however, from 2020 to 2022, imports stood at a somewhat lower figure.

Imports by Country

Turkey represented the main importer of aluminium hydroxide in MENA, with the volume of imports amounting to X tons, which was approx. 50% of total imports in 2022. Tunisia (X tons) held a 33% share (based on physical terms) of total imports, which put it in second place, followed by Morocco (5.4%). The United Arab Emirates (X tons) and Algeria (X tons) followed a long way behind the leaders.

From 2012 to 2022, the biggest increases were recorded for Turkey (with a CAGR of +11.7%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, Turkey ($X) constitutes the largest market for imported aluminium hydroxide in MENA, comprising 55% of total imports. The second position in the ranking was held by Tunisia ($X), with a 19% share of total imports. It was followed by the United Arab Emirates, with an 8% share.

From 2012 to 2022, the average annual rate of growth in terms of value in Turkey totaled +10.7%. In the other countries, the average annual rates were as follows: Tunisia (+3.3% per year) and the United Arab Emirates (+11.5% per year).

Import Prices by Country

In 2022, the import price in MENA amounted to $X per ton, with an increase of 2.4% against the previous year. Overall, the import price, however, showed a relatively flat trend pattern. The growth pace was the most rapid in 2018 an increase of 9.4% against the previous year. Over the period under review, import prices reached the maximum at $X per ton in 2012; however, from 2013 to 2022, import prices stood at a somewhat lower figure.

There were significant differences in the average prices amongst the major importing countries. In 2022, amid the top importers, the country with the highest price was the United Arab Emirates ($X per ton), while Tunisia ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Morocco (+1.0%), while the other leaders experienced mixed trends in the import price figures.

Source: IndexBox Platform