Middle East: Aluminium Market 2025

Aluminium Market Size in the Middle East

The Middle Eastern aluminium market declined to $X in 2022, flattening at the previous year. Over the period under review, consumption, however, saw a buoyant increase. The level of consumption peaked at $X in 2021, and then shrank slightly in the following year.

Aluminium Production in the Middle East

In value terms, aluminium production reduced to $X in 2022 estimated in export price. In general, production showed a resilient expansion. The pace of growth was the most pronounced in 2018 when the production volume increased by 36%. Over the period under review, production attained the maximum level at $X in 2019; however, from 2020 to 2022, production remained at a lower figure.

Aluminium Exports

Exports in the Middle East

In 2022, the amount of aluminum (unwrought, not alloyed) exported in the Middle East rose modestly to X tons, picking up by 4.6% against the year before. Total exports indicated a buoyant increase from 2012 to 2022: its volume increased at an average annual rate of +5.8% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, exports decreased by -9.3% against 2020 indices. The pace of growth was the most pronounced in 2020 when exports increased by 40%. As a result, the exports reached the peak of X tons. From 2021 to 2022, the growth of the exports failed to regain momentum.

In value terms, aluminium exports shrank modestly to $X in 2022. Total exports indicated strong growth from 2012 to 2022: its value increased at an average annual rate of +5.5% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, exports increased by +43.4% against 2019 indices. The growth pace was the most rapid in 2014 with an increase of 35%. The level of export peaked at $X in 2021, and then reduced slightly in the following year.

Exports by Country

In 2022, the United Arab Emirates (X tons) was the main exporter of aluminum (unwrought, not alloyed), mixing up 45% of total exports. Saudi Arabia (X tons) took the second position in the ranking, distantly followed by Bahrain (X tons), Oman (X tons) and Iran (X tons). All these countries together held near 51% share of total exports. Turkey (X tons) held a minor share of total exports.

Exports from the United Arab Emirates increased at an average annual rate of +5.3% from 2012 to 2022. At the same time, Turkey (+100.2%), Bahrain (+32.0%) and Saudi Arabia (+12.8%) displayed positive paces of growth. Moreover, Turkey emerged as the fastest-growing exporter exported in the Middle East, with a CAGR of +100.2% from 2012-2022. By contrast, Oman (-2.4%) and Iran (-2.5%) illustrated a downward trend over the same period. While the share of Bahrain (+12 p.p.), Saudi Arabia (+9.8 p.p.) and Turkey (+3.2 p.p.) increased significantly in terms of the total exports from 2012-2022, the share of the United Arab Emirates (-2.2 p.p.), Iran (-7.3 p.p.) and Oman (-14.7 p.p.) displayed negative dynamics.

In value terms, the United Arab Emirates ($X) remains the largest aluminium supplier in the Middle East, comprising 44% of total exports. The second position in the ranking was held by Saudi Arabia ($X), with a 20% share of total exports. It was followed by Bahrain, with a 15% share.

From 2012 to 2022, the average annual growth rate of value in the United Arab Emirates amounted to +4.6%. The remaining exporting countries recorded the following average annual rates of exports growth: Saudi Arabia (+11.4% per year) and Bahrain (+32.8% per year).

Export Prices by Country

The export price in the Middle East stood at $X per ton in 2022, waning by -7.4% against the previous year. Over the period under review, the export price continues to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in 2021 an increase of 28% against the previous year. As a result, the export price reached the peak level of $X per ton, and then declined in the following year.

Average prices varied somewhat amongst the major exporting countries. In 2022, major exporting countries recorded the following prices: in Turkey ($X per ton) and Bahrain ($X per ton), while Oman ($X per ton) and Saudi Arabia ($X per ton) were amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Turkey (+5.4%), while the other leaders experienced more modest paces of growth.

Aluminium Imports

Imports in the Middle East

In 2022, approx. X tons of aluminum (unwrought, not alloyed) were imported in the Middle East; falling by -7.9% compared with the year before. In general, imports, however, recorded a remarkable increase. The most prominent rate of growth was recorded in 2021 with an increase of 67%. As a result, imports reached the peak of X tons, and then shrank in the following year.

In value terms, aluminium imports stood at $X in 2022. Overall, imports, however, continue to indicate buoyant growth. The most prominent rate of growth was recorded in 2021 when imports increased by 144%. Over the period under review, imports attained the maximum in 2022 and are expected to retain growth in years to come.

Imports by Country

Turkey prevails in imports structure, accounting for X tons, which was near 93% of total imports in 2022. The following importers - the United Arab Emirates (X tons) and Bahrain (X tons) - together made up 4.8% of total imports.

Imports into Turkey increased at an average annual rate of +7.9% from 2012 to 2022. At the same time, Bahrain (+57.7%) and the United Arab Emirates (+12.8%) displayed positive paces of growth. Moreover, Bahrain emerged as the fastest-growing importer imported in the Middle East, with a CAGR of +57.7% from 2012-2022. From 2012 to 2022, the share of Turkey and Bahrain increased by +4.9 and +1.9 percentage points, while the shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Turkey ($X) constitutes the largest market for imported aluminum (unwrought, not alloyed) in the Middle East, comprising 94% of total imports. The second position in the ranking was taken by the United Arab Emirates ($X), with a 2.2% share of total imports.

From 2012 to 2022, the average annual growth rate of value in Turkey stood at +10.7%. The remaining importing countries recorded the following average annual rates of imports growth: the United Arab Emirates (+14.1% per year) and Bahrain (+61.4% per year).

Import Prices by Country

In 2022, the import price in the Middle East amounted to $X per ton, surging by 9.8% against the previous year. Import price indicated a temperate increase from 2012 to 2022: its price increased at an average annual rate of +2.5% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, aluminium import price increased by +60.8% against 2020 indices. The most prominent rate of growth was recorded in 2021 an increase of 47%. The level of import peaked in 2022 and is expected to retain growth in years to come.

Average prices varied somewhat amongst the major importing countries. In 2022, amid the top importers, the country with the highest price was Turkey ($X per ton), while the United Arab Emirates ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Turkey (+2.6%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform

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