Middle East: Alumina Market 2020

Alumina Market Size in the Middle East

The Middle Eastern alumina market expanded notably to $X in 2019, surging by X% against the previous year. Over the period under review, consumption enjoyed a strong increase. The growth pace was the most rapid in 2015 when the market value increased by X% year-to-year. The level of consumption peaked in 2019 and is likely to see gradual growth in years to come.

Alumina Production in the Middle East

In value terms, alumina production dropped significantly to $X in 2019 estimated in export prices. In general, production faced a precipitous shrinkage. The pace of growth was the most pronounced in 2018 when the production volume increased by X% y-o-y. As a result, production attained the peak level of $X, and then fell markedly in the following year.

Production By Country in the Middle East

The country with the largest volume of alumina production was Jordan (X tons), accounting for X% of total volume.

In Jordan, alumina production increased at an average annual rate of +X% over the period from 2007-2019.

Alumina Exports

Exports in the Middle East

After two years of growth, overseas shipments of alumina decreased by -X% to X tons in 2019. Over the period under review, exports showed a slight curtailment. The pace of growth was the most pronounced in 2018 with an increase of X% year-to-year. As a result, exports attained the peak of X tons, and then fell dramatically in the following year.

In value terms, alumina exports shrank significantly to $X in 2019. In general, exports continue to indicate a noticeable decrease. The most prominent rate of growth was recorded in 2018 with an increase of X% year-to-year. As a result, exports attained the peak of $X, and then fell sharply in the following year.

Exports by Country

Iran was the key exporter of alumina in the Middle East, with the volume of exports recording X tons, which was approx. X% of total exports in 2019. Bahrain (X tons) ranks second in terms of the total exports with a X% share, followed by Turkey (X%). Israel (X tons) and the United Arab Emirates (X tons) followed a long way behind the leaders.

Exports from Iran increased at an average annual rate of +X% from 2007 to 2019. At the same time, the United Arab Emirates (+X%) and Israel (+X%) displayed positive paces of growth. Moreover, the United Arab Emirates emerged as the fastest-growing exporter exported in the Middle East, with a CAGR of +X% from 2007-2019. By contrast, Bahrain (-X%) and Turkey (-X%) illustrated a downward trend over the same period. Iran (+X p.p.) and Israel (+X p.p.) significantly strengthened its position in terms of the total exports, while Bahrain and Turkey saw its share reduced by -X% and -X% from 2007 to 2019, respectively. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Iran ($X) remains the largest alumina supplier in the Middle East, comprising X% of total exports. The second position in the ranking was occupied by Bahrain ($X), with a X% share of total exports. It was followed by Turkey, with a X% share.

From 2007 to 2019, the average annual growth rate of value in Iran stood at +X%. The remaining exporting countries recorded the following average annual rates of exports growth: Bahrain (-X% per year) and Turkey (-X% per year).

Export Prices by Country

In 2019, the alumina export price in the Middle East amounted to $X per ton, growing by X% against the previous year. In general, the export price, however, saw a mild decline. Over the period under review, export prices hit record highs at $X per ton in 2008; however, from 2009 to 2019, export prices remained at a lower figure.

Prices varied noticeably by the country of origin; the country with the highest price was Israel ($X per ton), while Bahrain ($X per ton) was amongst the lowest.

From 2007 to 2019, the most notable rate of growth in terms of prices was attained by Turkey, while the other leaders experienced mixed trends in the export price figures.

Alumina Imports

Imports in the Middle East

In 2019, overseas purchases of alumina increased by X% to X tons, rising for the second year in a row after two years of decline. In general, imports recorded a strong expansion. The pace of growth was the most pronounced in 2015 with an increase of X% y-o-y. As a result, imports reached the peak of X tons; afterwards, it flattened through to 2019.

In value terms, alumina imports totaled $X in 2019. Over the period under review, imports showed a prominent increase. The pace of growth was the most pronounced in 2013 with an increase of X% year-to-year. The level of import peaked in 2019 and is likely to continue growth in the near future.

Imports by Country

The purchases of the three major importers of alumina, namely Bahrain, Qatar and the United Arab Emirates, represented more than two-thirds of total import. It was distantly followed by Oman (X tons), constituting a X% share of total imports. Iran (X tons) occupied a relatively small share of total imports.

From 2007 to 2019, the biggest increases were in Qatar, while purchases for the other leaders experienced more modest paces of growth.

In value terms, the largest alumina importing markets in the Middle East were Bahrain ($X), the United Arab Emirates ($X) and Qatar ($X), together comprising X% of total imports.

Qatar recorded the highest rates of growth with regard to the value of imports, in terms of the main importing countries over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

The alumina import price in the Middle East stood at $X per ton in 2019, rising by X% against the previous year. Over the period from 2007 to 2019, it increased at an average annual rate of +X%. The most prominent rate of growth was recorded in 2010 when the import price increased by X% against the previous year. Over the period under review, import prices attained the peak figure in 2019 and is expected to retain growth in years to come.

Prices varied noticeably by the country of destination; the country with the highest price was the United Arab Emirates ($X per ton), while Qatar ($X per ton) was amongst the lowest.

From 2007 to 2019, the most notable rate of growth in terms of prices was attained by the United Arab Emirates, while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform

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