Middle East: Alumina Market 2022

Alumina Market Size in the Middle East

In 2021, the Middle Eastern alumina market increased by X% to $X, rising for the third year in a row after four years of decline. The total consumption indicated a strong increase from 2012 to 2021: its value increased at an average annual rate of +X% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, consumption increased by +X% against 2018 indices. Over the period under review, the market attained the peak level in 2021 and is likely to see steady growth in years to come.

Alumina Production in the Middle East

In value terms, alumina production dropped dramatically to $X in 2021 estimated in export price. In general, production recorded significant growth. The pace of growth appeared the most rapid in 2019 when the production volume increased by X% against the previous year. The level of production peaked at $X in 2020, and then contracted rapidly in the following year.

Alumina Exports

Exports in the Middle East

In 2021, exports of alumina in the Middle East surged to X tons, growing by X% against 2020 figures. In general, exports showed notable growth. The growth pace was the most rapid in 2017 when exports increased by X% against the previous year. The volume of export peaked at X tons in 2018; however, from 2019 to 2021, the exports remained at a lower figure.

In value terms, alumina exports soared to $X in 2021. Over the period under review, exports showed resilient growth. The growth pace was the most rapid in 2018 with an increase of X% against the previous year. As a result, the exports reached the peak of $X. From 2019 to 2021, the growth of the exports remained at a lower figure.

Exports by Country

Bahrain (X tons) and Turkey (X tons) dominates exports structure, together generating X% of total exports. Iran (X tons) and the United Arab Emirates (X tons) took a relatively small share of total exports.

From 2012 to 2021, the most notable rate of growth in terms of shipments, amongst the leading exporting countries, was attained by Bahrain (with a CAGR of +X%), while the other leaders experienced more modest paces of growth.

In value terms, the largest alumina supplying countries in the Middle East were Turkey ($X), Bahrain ($X) and Iran ($X), with a combined X% share of total exports.

Among the main exporting countries, Bahrain, with a CAGR of +X%, saw the highest rates of growth with regard to the value of exports, over the period under review, while shipments for the other leaders experienced mixed trends in the exports figures.

Export Prices by Country

In 2021, the export price in the Middle East amounted to $X per ton, surging by X% against the previous year. Export price indicated a notable expansion from 2012 to 2021: its price increased at an average annual rate of +X% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, alumina export price decreased by -X% against 2019 indices. Over the period under review, the export prices attained the maximum at $X per ton in 2019; however, from 2020 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 Iran ($X per ton), while Bahrain ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Iran (+X%), while the other leaders experienced mixed trends in the export price figures.

Alumina Imports

Imports in the Middle East

In 2021, overseas purchases of alumina were finally on the rise to reach X tons for the first time since 2017, thus ending a three-year declining trend. Over the period under review, imports continue to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in 2014 with an increase of X%. As a result, imports attained the peak of X tons. From 2015 to 2021, the growth of imports failed to regain momentum.

In value terms, alumina imports skyrocketed to $X in 2021. In general, imports showed a mild increase. The most prominent rate of growth was recorded in 2017 with an increase of X%. Over the period under review, imports attained the peak figure at $X in 2015; however, from 2016 to 2021, imports stood at a somewhat lower figure.

Imports by Country

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

From 2012 to 2021, the biggest increases were in Oman (with a CAGR of +X%), while purchases for the other leaders experienced mixed trends in the imports figures.

In value terms, the United Arab Emirates ($X), Qatar ($X) and Oman ($X) appeared to be the countries with the highest levels of imports in 2021, with a combined X% share of total imports.

The United Arab Emirates, with a CAGR of +X%, recorded the highest growth rate of the value of imports, among the main importing countries over the period under review, while purchases for the other leaders experienced mixed trends in the imports figures.

Import Prices by Country

In 2021, the import price in the Middle East amounted to $X per ton, increasing by X% against the previous year. In general, the import price continues to indicate a relatively flat trend pattern. The pace of growth appeared the most rapid in 2018 an increase of X% against the previous year. As a result, import price reached the peak level of $X per ton. From 2019 to 2021, the import prices failed to regain momentum.

Average prices varied somewhat amongst the major importing countries. In 2021, major importing countries recorded the following prices: in the United Arab Emirates ($X per ton) and Oman ($X per ton), while Qatar ($X per ton) and Bahrain ($X per ton) were amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by the United Arab Emirates (+X%), while the other leaders experienced a decline in the import price figures.

Source: IndexBox Platform

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