Oman: Non-Alloy Aluminium Bar Market 2024

Non-Alloy Aluminium Bar Market Size in Oman

The Omani non-alloy aluminium bar market skyrocketed to $X in 2021, rising by 70% against the previous year. Over the period under review, consumption, however, saw a deep reduction. Non-alloy aluminium bar consumption peaked at $X in 2013; however, from 2014 to 2021, consumption remained at a lower figure.

Non-Alloy Aluminium Bar Production in Oman

In value terms, non-alloy aluminium bar production stood at $X in 2021 estimated in export price. In general, production recorded a resilient expansion. The most prominent rate of growth was recorded in 2017 when the production volume increased by 853%. As a result, production reached the peak level of $X. From 2018 to 2021, production growth failed to regain momentum.

Non-Alloy Aluminium Bar Exports

Exports from Oman

In 2021, after three years of decline, there was growth in shipments abroad of non-alloy aluminium bars, rods and profiles, when their volume increased by 4.9% to X tons. Overall, exports continue to indicate a buoyant increase. The growth pace was the most rapid in 2014 with an increase of 109%. Over the period under review, the exports attained the peak figure at X tons in 2017; however, from 2018 to 2021, the exports remained at a lower figure.

In value terms, non-alloy aluminium bar exports stood at $X in 2021. Over the period under review, exports saw a remarkable increase. The pace of growth appeared the most rapid in 2014 with an increase of 130%. Over the period under review, the exports attained the peak figure 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 non-alloy aluminium bar exports from Oman, accounting for a 44% share of total exports. Moreover, non-alloy 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 held by Yemen (X tons), with an 8.6% share.

From 2012 to 2021, the average annual rate of growth in terms of volume to the United Arab Emirates stood at +3.4%. Exports to the other major destinations recorded the following average annual rates of exports growth: Saudi Arabia (+32.0% per year) and Yemen (+56.6% per year).

In value terms, the United Arab Emirates ($X) remains the key foreign market for non-alloy aluminium bars, rods and profiles exports from Oman, comprising 46% of total exports. The second position in the ranking was taken by Saudi Arabia ($X), with a 20% share of total exports. It was followed by Kuwait, with a 9.7% share.

From 2012 to 2021, the average annual rate of growth in terms of value to the United Arab Emirates stood at +2.8%. Exports to the other major destinations recorded the following average annual rates of exports growth: Saudi Arabia (+33.0% per year) and Kuwait (+35.6% per year).

Export Prices by Country

The average non-alloy aluminium bar export price stood at $X per ton in 2021, flattening at the previous year. Over the period under review, the export price recorded a relatively flat trend pattern. The most prominent rate of growth was recorded in 2017 an increase of 19% against the previous year. Over the period under review, the average export prices attained the peak figure at $X per ton in 2014; however, from 2015 to 2021, the export prices remained at a lower figure.

There were significant differences in the average prices for the major export markets. In 2021, amid the top suppliers, the country with the highest price was Saudi Arabia ($X per ton), while the average price for exports to Yemen ($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 (+3.3%), while the prices for the other major destinations experienced more modest paces of growth.

Non-Alloy Aluminium Bar Imports

Imports into Oman

In 2021, purchases abroad of non-alloy aluminium bars, rods and profiles increased by 18% to X tons, rising for the second year in a row after four years of decline. In general, imports, however, continue to indicate a noticeable setback. The most prominent rate of growth was recorded in 2014 when imports increased by 31% against the previous year. Imports peaked at X tons in 2015; however, from 2016 to 2021, imports stood at a somewhat lower figure.

In value terms, non-alloy aluminium bar imports surged to $X in 2021. Over the period under review, imports, however, saw a pronounced reduction. The pace of growth appeared the most rapid in 2014 when imports increased by 44% against the previous year. Imports peaked at $X in 2015; however, from 2016 to 2021, imports stood at a somewhat lower figure.

Imports by Country

In 2021, the United Arab Emirates (X tons) constituted the largest non-alloy aluminium bar supplier to Oman, accounting for a 81% share of total imports. Moreover, non-alloy 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 totaled -2.6%.

In value terms, the United Arab Emirates ($X) constituted the largest supplier of non-alloy aluminium bars, rods and profiles to Oman, comprising 76% of total imports. The second position in the ranking was held by Saudi Arabia ($X), with a 23% share of total imports.

From 2012 to 2021, the average annual rate of growth in terms of value from the United Arab Emirates totaled -2.7%.

Import Prices by Country

The average non-alloy aluminium bar import price stood at $X per ton in 2021, growing by 10% against the previous year. In general, the import price, however, recorded a relatively flat trend pattern. The most prominent rate of growth was recorded in 2018 when the average import price increased by 22%. As a result, import price attained the peak level of $X per ton. From 2019 to 2021, the average import prices remained at a lower figure.

Average prices varied somewhat amongst the major supplying countries. In 2021, amid the top importers, the country with the highest price was Saudi Arabia ($X per ton), while the price for the United Arab Emirates amounted to $X per ton.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by the United Arab Emirates (-0.1%).

Source: IndexBox Platform

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