Oman: Aluminium Bar Market 2025

Aluminium Bar Market Size in Oman

In 2021, the Omani aluminium bar market decreased by -15% to $X for the first time since 2016, thus ending a four-year rising trend. Overall, consumption, however, recorded prominent growth. Over the period under review, the market attained the peak level at $X in 2020, and then fell in the following year.

Aluminium Bar Production in Oman

In value terms, aluminium bar production declined to $X in 2021 estimated in export price. Over the period under review, production, however, continues to indicate a significant expansion. The growth pace was the most rapid in 2015 with an increase of 288% against the previous year. Over the period under review, production hit record highs at $X in 2020, and then reduced in the following year.

Aluminium Bar Exports

Exports from Oman

In 2021, after three years of decline, there was significant growth in shipments abroad of aluminium bars, rods and profiles, when their volume increased by 12% to X tons. Over the period under review, exports enjoyed noticeable growth. The growth pace was the most rapid in 2014 when exports increased by 144% against the previous year. Over the period under review, the exports hit record highs at X tons in 2015; however, from 2016 to 2021, the exports remained at a lower figure.

In value terms, aluminium bar exports fell slightly to $X in 2021. Overall, exports showed resilient growth. The growth pace was the most rapid in 2014 when exports increased by 152% against the previous year. The exports peaked at $X in 2015; however, from 2016 to 2021, the exports failed to regain momentum.

Exports by Country

The United Arab Emirates (X tons) was the main destination for aluminium bar exports from Oman, with a 47% share of total exports. Moreover, aluminium bar exports to the United Arab Emirates exceeded the volume sent to the second major destination, Saudi Arabia (X tons), threefold. The third position in this ranking was taken by Yemen (X tons), with an 8.5% share.

From 2012 to 2021, the average annual rate of growth in terms of volume to the United Arab Emirates stood at +1.1%. Exports to the other major destinations recorded the following average annual rates of exports growth: Saudi Arabia (+5.9% per year) and Yemen (+32.3% per year).

In value terms, the United Arab Emirates ($X) remains the key foreign market for aluminium bars, rods and profiles exports from Oman, comprising 47% of total exports. The second position in the ranking was taken by Saudi Arabia ($X), with a 19% share of total exports. It was followed by Kuwait, with a 9.4% share.

From 2012 to 2021, the average annual growth rate of value to the United Arab Emirates amounted to +3.1%. Exports to the other major destinations recorded the following average annual rates of exports growth: Saudi Arabia (+7.6% per year) and Kuwait (+7.2% per year).

Export Prices by Country

The average aluminium bar export price stood at $X per ton in 2021, with a decrease of -12% against the previous year. Over the period from 2012 to 2021, it increased at an average annual rate of +1.4%. The growth pace was the most rapid in 2013 when the average export price increased by 18%. Over the period under review, the average export prices attained the maximum at $X per ton in 2018; however, from 2019 to 2021, the export prices failed to regain momentum.

Prices varied noticeably country of destination: the country with the highest price was Saudi Arabia ($X per ton), while the average price for exports to Pakistan ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was recorded for supplies to Qatar (+4.0%), while the prices for the other major destinations experienced more modest paces of growth.

Aluminium Bar Imports

Imports into Oman

In 2021, purchases abroad of aluminium bars, rods and profiles increased by 19% to X tons, rising for the second consecutive year after two years of decline. Over the period under review, imports, however, recorded a perceptible curtailment. Imports peaked at X tons in 2014; however, from 2015 to 2021, imports failed to regain momentum.

In value terms, aluminium bar imports skyrocketed to $X in 2021. In general, imports, however, saw a noticeable shrinkage. Imports peaked at $X in 2015; however, from 2016 to 2021, imports remained at a lower figure.

Imports by Country

In 2021, the United Arab Emirates (X tons) constituted the largest aluminium bar supplier to Oman, accounting for a 80% share of total imports. Moreover, aluminium bar imports from the United Arab Emirates exceeded the figures recorded by the second-largest supplier, Saudi Arabia (X tons), fivefold.

From 2012 to 2021, the average annual growth rate of volume from the United Arab Emirates stood at -5.2%. The remaining supplying countries recorded the following average annual rates of imports growth: Saudi Arabia (+10.7% per year) and China (+24.8% per year).

In value terms, the United Arab Emirates ($X) constituted the largest supplier of aluminium bars, rods and profiles to Oman, comprising 77% of total imports. The second position in the ranking was held by Saudi Arabia ($X), with a 19% share of total imports.

From 2012 to 2021, the average annual growth rate of value from the United Arab Emirates totaled -2.3%. The remaining supplying countries recorded the following average annual rates of imports growth: Saudi Arabia (+11.4% per year) and China (+15.7% per year).

Import Prices by Country

The average aluminium bar import price stood at $X per ton in 2021, growing by 28% against the previous year. Over the last nine-year period, it increased at an average annual rate of +2.4%. As a result, import price attained the peak level and is likely to continue growth in the immediate term.

There were significant differences in the average prices amongst the major supplying countries. In 2021, the country with the highest price was Saudi Arabia ($X per ton), while the price for China ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by the United Arab Emirates (+3.1%), while the prices for the other major suppliers experienced mixed trend patterns.

Source: IndexBox Platform

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