Middle East: Unwrought Aluminium Alloys Market 2021

Unwrought Aluminium Alloys Market Size in the Middle East

In 2020, the Middle Eastern unwrought aluminium alloys market decreased by -X% to $X, falling for the second consecutive year after three years of growth. The market value increased at an average annual rate of +X% from 2007 to 2020; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The pace of growth appeared the most rapid in 2014 when the market value increased by X% against the previous year. The level of consumption peaked at $X in 2018; however, from 2019 to 2020, consumption remained at a lower figure.

Unwrought Aluminium Alloys Production in the Middle East

In value terms, unwrought aluminium alloys production reduced to $X in 2020 estimated in export prices. The total production indicated a slight increase from 2007 to 2020: its value increased at an average annual rate of +X% over the last thirteen years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2020 figures, production decreased by -X% against 2018 indices. The most prominent rate of growth was recorded in 2011 when the production volume increased by X% against the previous year. Over the period under review, production reached the peak level at $X in 2018; however, from 2019 to 2020, production remained at a lower figure.

Production By Country in the Middle East

The countries with the highest volumes of unwrought aluminium alloys production in 2020 were the United Arab Emirates (X tons), Iran (X tons) and Saudi Arabia (X tons), with a combined X% share of total production. Iraq, Bahrain, Turkey and Syrian Arab Republic lagged somewhat behind, together comprising a further X 2007 to 2020, the most notable rate of growth in terms of unwrought aluminium alloys production, amongst the main producing countries, was attained by Turkey, while unwrought aluminium alloys production for the other leaders experienced more modest paces of growth.

Unwrought Aluminium Alloys Exports

Exports in the Middle East

In 2020, overseas shipments of unwrought aluminium alloys decreased by -X% to X tons, falling for the second year in a row after nine years of growth. In general, exports, however, posted pronounced growth. The pace of growth appeared the most rapid in 2011 with an increase of X% y-o-y. Over the period under review, exports hit record highs at X tons in 2018; however, from 2019 to 2020, exports remained at a lower figure.

In value terms, unwrought aluminium alloys exports contracted rapidly to $X in 2020. Over the period under review, exports, however, showed a noticeable expansion. The most prominent rate of growth was recorded in 2011 when exports increased by X% year-to-year. The level of export peaked at $X in 2018; however, from 2019 to 2020, exports failed to regain the momentum.

Exports by Country

The United Arab Emirates represented the major exporter of unwrought aluminium alloys in the Middle East, with the volume of exports resulting at X tons, which was near X% of total exports in 2020. It was distantly followed by Bahrain (X tons), making up a X% share of total exports. The following exporters - Turkey (X tons) and Saudi Arabia (X tons) - each resulted at a X% share of total exports.

From 2007 to 2020, average annual rates of growth with regard to unwrought aluminium alloys exports from the United Arab Emirates stood at +X%. At the same time, Bahrain (+X%) and Turkey (+X%) displayed positive paces of growth. Moreover, Bahrain emerged as the fastest-growing exporter exported in the Middle East, with a CAGR of +X% from 2007-2020. By contrast, Saudi Arabia (-X%) illustrated a downward trend over the same period. Bahrain (+X p.p.) and the United Arab Emirates (+X p.p.) significantly strengthened its position in terms of the total exports, while Saudi Arabia saw its share reduced by -X% from 2007 to 2020, respectively. The shares of the other countries remained relatively stable throughout the analyzed period.

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

In the United Arab Emirates, unwrought aluminium alloys exports expanded at an average annual rate of +X% over the period from 2007-2020. 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 2020, the unwrought aluminium alloys export price in the Middle East amounted to $X per ton, declining by -X% against the previous year. Over the period under review, the export price showed a perceptible contraction. The pace of growth appeared the most rapid in 2017 when the export price increased by X% year-to-year. The level of export peaked at $X per ton in 2011; however, from 2012 to 2020, export prices remained at a lower figure.

Average prices varied noticeably amongst the major exporting countries. In 2020, major exporting countries recorded the following prices: in the United Arab Emirates ($X per ton) and Bahrain ($X per ton), while Turkey ($X per ton) and Saudi Arabia ($X per ton) were amongst the lowest.

From 2007 to 2020, the most notable rate of growth in terms of prices was attained by Bahrain, while the other leaders experienced a decline in the export price figures.

Unwrought Aluminium Alloys Imports

Imports in the Middle East

In 2020, after two years of growth, there was decline in purchases abroad of unwrought aluminium alloys, when their volume decreased by -X% to X tons. Over the period under review, imports, however, enjoyed a buoyant expansion. The growth pace was the most rapid in 2014 when imports increased by X% year-to-year. Over the period under review, imports attained the maximum at X tons in 2015; however, from 2016 to 2020, imports failed to regain the momentum.

In value terms, unwrought aluminium alloys imports rose slightly to $X in 2020. In general, imports, however, showed a buoyant increase. The pace of growth appeared the most rapid in 2014 with an increase of X% against the previous year. Over the period under review, imports reached the maximum at $X in 2018; however, from 2019 to 2020, imports stood at a somewhat lower figure.

Imports by Country

Turkey was the key importing country with an import of about X tons, which recorded X% of total imports. It was distantly followed by Saudi Arabia (X tons) and Israel (X tons), together committing a X% share of total imports. Jordan (X tons) held a minor share of total imports.

From 2007 to 2020, average annual rates of growth with regard to unwrought aluminium alloys imports into Turkey stood at +X%. At the same time, Saudi Arabia (+X%), Jordan (+X%) and Israel (+X%) displayed positive paces of growth. Moreover, Saudi Arabia emerged as the fastest-growing importer imported in the Middle East, with a CAGR of +X% from 2007-2020. From 2007 to 2020, the share of Saudi Arabia and Turkey increased by +X% and +X% percentage points, while Israel (-X p.p.) saw their share reduced. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Turkey ($X) constitutes the largest market for imported unwrought aluminium alloys in the Middle East, comprising X% of total imports. The second position in the ranking was occupied by Saudi Arabia ($X), with a X% share of total imports. It was followed by Israel, with a X% share.

From 2007 to 2020, the average annual rate of growth in terms of value in Turkey amounted to +X%. In the other countries, the average annual rates were as follows: Saudi Arabia (+X% per year) and Israel (+X% per year).

Import Prices by Country

In 2020, the unwrought aluminium alloys import price in the Middle East amounted to $X per ton, increasing by X% against the previous year. In general, the import price, however, saw a relatively flat trend pattern. The pace of growth appeared the most rapid in 2017 when the import price increased by X% y-o-y. Over the period under review, import prices hit record highs at $X per ton in 2008; however, from 2009 to 2020, import prices remained at a lower figure.

There were significant differences in the average prices amongst the major importing countries. In 2020, the country with the highest price was Saudi Arabia ($X per ton), while Turkey ($X per ton) was amongst the lowest.

From 2007 to 2020, the most notable rate of growth in terms of prices was attained by Saudi Arabia, while the other leaders experienced a decline in the import price figures.

Source: IndexBox Platform

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