Saudi Arabia: Aluminium Alloy Tube Market 2024

Aluminium Alloy Tube Market Size in Saudi Arabia

The Saudi aluminium alloy tube market shrank slightly to $X in 2022, reducing by -4% against the previous year. Overall, consumption, however, continues to indicate a prominent increase. Over the period under review, the market attained the peak level at $X in 2019; however, from 2020 to 2022, consumption stood at a somewhat lower figure.

Aluminium Alloy Tube Production in Saudi Arabia

In value terms, aluminium alloy tube production declined modestly to $X in 2022 estimated in export price. Overall, production, however, continues to indicate prominent growth. The pace of growth was the most pronounced in 2017 when the production volume increased by 141%. Aluminium alloy tube production peaked at $X in 2018; however, from 2019 to 2022, production remained at a lower figure.

Aluminium Alloy Tube Exports

Exports from Saudi Arabia

In 2022, the amount of aluminium alloy tubes and pipes exported from Saudi Arabia declined to X tons, dropping by -6.8% against the year before. Overall, total exports indicated a modest expansion from 2012 to 2022: its volume increased at an average annual rate of +1.5% 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 +7.8% against 2020 indices. The most prominent rate of growth was recorded in 2018 with an increase of 19%. As a result, the exports reached the peak of X tons. From 2019 to 2022, the growth of the exports remained at a lower figure.

In value terms, aluminium alloy tube exports dropped to $X in 2022. Over the period under review, exports continue to indicate a relatively flat trend pattern. The pace of growth appeared the most rapid in 2021 when exports increased by 15%. The exports peaked at $X in 2018; however, from 2019 to 2022, the exports failed to regain momentum.

Exports by Country

The United Arab Emirates (X tons) was the main destination for aluminium alloy tube exports from Saudi Arabia, accounting for a 52% share of total exports. Moreover, aluminium alloy tube exports to the United Arab Emirates exceeded the volume sent to the second major destination, Bahrain (X tons), twofold. Oman (X tons) ranked third in terms of total exports with a 14% share.

From 2013 to 2021, the average annual growth rate of volume to the United Arab Emirates stood at -14.7%. Exports to the other major destinations recorded the following average annual rates of exports growth: Bahrain (+188.8% per year) and Oman (0.0% per year).

In value terms, the largest markets for aluminium alloy tube exported from Saudi Arabia were the United Arab Emirates ($X), Bahrain ($X) and Oman ($X), with a combined 86% share of total exports.

In terms of the main countries of destination, Bahrain, with a CAGR of +167.5%, 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 more modest paces of growth.

Export Prices by Country

The average aluminium alloy tube export price stood at $X per ton in 2021, therefore, remained relatively stable against the previous year. Over the period under review, the export price continues to indicate a perceptible decrease. The most prominent rate of growth was recorded in 2019 an increase of 0.4% against the previous year. Over the period under review, the average export prices attained the maximum at $X per ton in 2013; however, from 2014 to 2021, the export prices stood at a somewhat lower figure.

There were significant differences in the average prices for the major foreign markets. In 2021, amid the top suppliers, the country with the highest price was Kuwait ($X per ton), while the average price for exports to Egypt ($X per ton) was amongst the lowest.

From 2013 to 2021, the most notable rate of growth in terms of prices was recorded for supplies to Kuwait (+37.4%), while the prices for the other major destinations experienced mixed trend patterns.

Aluminium Alloy Tube Imports

Imports into Saudi Arabia

In 2022, after two years of decline, there was significant decline in overseas purchases of aluminium alloy tubes and pipes, when their volume decreased by -39.8% to X tons. Over the period under review, imports faced a abrupt setback. The most prominent rate of growth was recorded in 2014 when imports increased by 132%. As a result, imports reached the peak of X tons. From 2015 to 2022, the growth of imports remained at a lower figure.

In value terms, aluminium alloy tube imports reduced sharply to $X in 2022. Overall, imports saw a deep reduction. The pace of growth appeared the most rapid in 2014 with an increase of 245% against the previous year. As a result, imports attained the peak of $X. From 2015 to 2022, the growth of imports remained at a lower figure.

Imports by Country

In 2019, Bahrain (X tons) constituted the largest supplier of aluminium alloy tube to Saudi Arabia, with a 37% share of total imports. Moreover, aluminium alloy tube imports from Bahrain exceeded the figures recorded by the second-largest supplier, the United Arab Emirates (X tons), twofold. China (X tons) ranked third in terms of total imports with a 17% share.

From 2012 to 2019, the average annual growth rate of volume from Bahrain stood at +5.3%. The remaining supplying countries recorded the following average annual rates of imports growth: the United Arab Emirates (+16.5% per year) and China (-11.0% per year).

In value terms, the largest aluminium alloy tube suppliers to Saudi Arabia were Bahrain ($X), the United Arab Emirates ($X) and the Netherlands ($X), together accounting for 60% of total imports.

In terms of the main suppliers, the United Arab Emirates, with a CAGR of +11.8%, saw the highest growth rate of the value of imports, over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

The average aluminium alloy tube import price stood at $X per ton in 2019, standing approx. at the previous year. Overall, the import price saw a measured expansion. The pace of growth was the most pronounced in 2014 when the average import price increased by 49% against the previous year. The import price peaked at $X per ton in 2016; however, from 2017 to 2019, import prices stood at a somewhat lower figure.

There were significant differences in the average prices amongst the major supplying countries. In 2019, amid the top importers, the country with the highest price was France ($X per ton), while the price for Bahrain ($X per ton) was amongst the lowest.

From 2012 to 2019, the most notable rate of growth in terms of prices was attained by Kuwait (+3.6%), while the prices for the other major suppliers experienced mixed trend patterns.

Source: IndexBox Platform

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