MENA: Aluminum Market 2025

Aluminum Market Size in MENA

After two years of decline, the MENA's aluminum market increased by 50% to $X in 2021. The total consumption indicated strong growth from 2012 to 2021: its value increased at an average annual rate of +8.5% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. As a result, consumption reached the peak level and is likely to continue growth in the immediate term.

Aluminum Production in MENA

In value terms, aluminum production totaled $X in 2021 estimated in export price. The total production indicated a noticeable increase from 2012 to 2021: its value increased at an average annual rate of +4.7% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, production decreased by -9.7% against 2018 indices. The pace of growth was the most pronounced in 2017 with an increase of 27%. The level of production peaked at $X in 2018; however, from 2019 to 2021, production stood at a somewhat lower figure.

Aluminum Exports

Exports in MENA

For the third consecutive year, MENA recorded growth in shipments abroad of aluminum, which increased by 27% to X tons in 2021. Total exports indicated a buoyant expansion from 2012 to 2021: its volume increased at an average annual rate of +8.6% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, exports increased by +38.7% against 2017 indices. As a result, the exports attained the peak and are likely to continue growth in the immediate term.

In value terms, aluminum exports soared to $X in 2021. Overall, exports showed a strong increase. As a result, the exports reached the peak and are likely to continue growth in the immediate term.

Exports by Country

The United Arab Emirates was the main exporting country with an export of around X tons, which reached 62% of total exports. Bahrain (X tons) took the second position in the ranking, distantly followed by Saudi Arabia (X tons). All these countries together took approx. 23% share of total exports. Turkey (X tons), Oman (X tons), Iran (X tons) and Egypt (X tons) followed a long way behind the leaders.

Exports from the United Arab Emirates increased at an average annual rate of +7.5% from 2012 to 2021. At the same time, Bahrain (+38.0%), Turkey (+23.6%), Saudi Arabia (+8.9%), Egypt (+6.0%) and Iran (+1.3%) displayed positive paces of growth. Moreover, Bahrain emerged as the fastest-growing exporter exported in MENA, with a CAGR of +38.0% from 2012-2021. By contrast, Oman (-3.3%) illustrated a downward trend over the same period. While the share of Bahrain (+14 p.p.) and Turkey (+3.1 p.p.) increased significantly in terms of the total exports from 2012-2021, the share of Iran (-2.8 p.p.), the United Arab Emirates (-5.8 p.p.) and Oman (-8.1 p.p.) displayed negative dynamics. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, the United Arab Emirates ($X) remains the largest aluminum supplier in MENA, comprising 64% of total exports. The second position in the ranking was held by Bahrain ($X), with a 14% share of total exports. It was followed by Saudi Arabia, with a 6.1% share.

In the United Arab Emirates, aluminum exports increased at an average annual rate of +8.8% over the period from 2012-2021. In the other countries, the average annual rates were as follows: Bahrain (+37.3% per year) and Saudi Arabia (+8.3% per year).

Export Prices by Country

The export price in MENA stood at $X per ton in 2021, picking up by 28% against the previous year. Over the period under review, the export price showed a relatively flat trend pattern. As a result, the export price attained the peak level and is likely to continue growth in the immediate term.

Average prices varied somewhat amongst the major exporting countries. In 2021, major exporting countries recorded the following prices: in Turkey ($X per ton) and Iran ($X per ton), while Saudi Arabia ($X per ton) and Bahrain ($X per ton) were amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Turkey (+3.3%), while the other leaders experienced more modest paces of growth.

Aluminum Imports

Imports in MENA

In 2021, purchases abroad of aluminum was finally on the rise to reach X tons after two years of decline. In general, imports enjoyed a remarkable increase. As a result, imports attained the peak and are likely to continue growth in the immediate term.

In value terms, aluminum imports surged to $X in 2021. Over the period under review, imports recorded a strong increase. As a result, imports attained the peak and are likely to continue growth in the immediate term.

Imports by Country

Turkey dominates imports structure, resulting at X tons, which was approx. 82% of total imports in 2021. Saudi Arabia (X tons), Morocco (X tons), the United Arab Emirates (X tons) and Israel (X tons) held a minor share of total imports.

Imports into Turkey increased at an average annual rate of +12.0% from 2012 to 2021. At the same time, the United Arab Emirates (+19.5%), Saudi Arabia (+17.9%), Morocco (+17.8%) and Israel (+1.7%) displayed positive paces of growth. Moreover, the United Arab Emirates emerged as the fastest-growing importer imported in MENA, with a CAGR of +19.5% from 2012-2021. Turkey (+3.2 p.p.), Saudi Arabia (+1.8 p.p.) and Morocco (+1.7 p.p.) significantly strengthened its position in terms of the total imports, while Israel saw its share reduced by -2.8% from 2012 to 2021, respectively. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Turkey ($X) constitutes the largest market for imported aluminum in MENA, comprising 83% of total imports. The second position in the ranking was taken by Saudi Arabia ($X), with a 4.6% share of total imports. It was followed by Morocco, with a 4% share.

In Turkey, aluminum imports increased at an average annual rate of +13.7% over the period from 2012-2021. In the other countries, the average annual rates were as follows: Saudi Arabia (+19.3% per year) and Morocco (+18.0% per year).

Import Prices by Country

The import price in MENA stood at $X per ton in 2021, surging by 32% against the previous year. Over the period from 2012 to 2021, it increased at an average annual rate of +1.2%. As a result, import price attained the peak level and is likely to continue growth in the immediate term.

Average prices varied noticeably amongst the major importing countries. In 2021, major importing countries recorded the following prices: in Saudi Arabia ($X per ton) and Turkey ($X per ton), while the United Arab Emirates ($X per ton) and Morocco ($X per ton) were amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Turkey (+1.5%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform