Saudi Arabia: Aluminium Alloy Wire Market 2025

Aluminium Alloy Wire Market Size in Saudi Arabia

The Saudi aluminium alloy wire market dropped modestly to $X in 2022, waning by -3.9% against the previous year. Over the period under review, consumption saw a perceptible contraction. Over the period under review, the market reached the maximum level at $X in 2013; however, from 2014 to 2022, consumption stood at a somewhat lower figure.

Aluminium Alloy Wire Production in Saudi Arabia

In value terms, aluminium alloy wire production rose modestly to $X in 2022 estimated in export price. In general, production enjoyed a significant expansion. The pace of growth appeared the most rapid in 2018 when the production volume increased by 380%. As a result, production reached the peak level of $X. From 2019 to 2022, production growth remained at a lower figure.

Aluminium Alloy Wire Exports

Exports from Saudi Arabia

Aluminium alloy wire exports from Saudi Arabia expanded rapidly to X tons in 2022, picking up by 6.3% against the year before. Overall, exports, however, recorded a noticeable shrinkage. The pace of growth was the most pronounced in 2015 with an increase of 147%. As a result, the exports attained the peak of X tons. From 2016 to 2022, the growth of the exports failed to regain momentum.

In value terms, aluminium alloy wire exports totaled $X in 2022. Over the period under review, exports, however, showed a relatively flat trend pattern. The most prominent rate of growth was recorded in 2015 with an increase of 125% against the previous year. As a result, the exports reached the peak of $X. From 2016 to 2022, the growth of the exports remained at a lower figure.

Exports by Country

Bahrain (X tons) was the main destination for aluminium alloy wire exports from Saudi Arabia, accounting for a 90% share of total exports. Moreover, aluminium alloy wire exports to Bahrain exceeded the volume sent to the second major destination, Oman (X tons), more than tenfold.

From 2012 to 2022, the average annual growth rate of volume to Bahrain stood at +4.9%. Exports to the other major destinations recorded the following average annual rates of exports growth: Oman (-12.6% per year) and the United Arab Emirates (-10.0% per year).

In value terms, Bahrain ($X), Oman ($X) and the United Arab Emirates ($X) constituted the largest markets for aluminium alloy wire exported from Saudi Arabia worldwide.

In terms of the main countries of destination, Oman, with a CAGR of +18.8%, 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

In 2022, the average aluminium alloy wire export price amounted to $X per ton, flattening at the previous year. Over the last decade, it increased at an average annual rate of +1.9%. The pace of growth appeared the most rapid in 2019 when the average export price increased by 25% against the previous year. Over the period under review, the average export prices attained the maximum at $X per ton in 2020; however, from 2021 to 2022, the export prices stood at a somewhat lower figure.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Oman ($X per ton), while the average price for exports to Bahrain ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Oman (+35.8%), while the prices for the other major destinations experienced more modest paces of growth.

Aluminium Alloy Wire Imports

Imports into Saudi Arabia

In 2022, aluminium alloy wire imports into Saudi Arabia fell to X tons, shrinking by -12.1% against the previous year's figure. Over the period under review, imports faced a abrupt downturn. The pace of growth was the most pronounced in 2019 with an increase of 115% against the previous year. Imports peaked at X tons in 2015; however, from 2016 to 2022, imports failed to regain momentum.

In value terms, aluminium alloy wire imports shrank sharply to $X in 2022. In general, imports saw a abrupt decline. The pace of growth appeared the most rapid in 2019 when imports increased by 135%. Over the period under review, imports hit record highs at $X in 2015; however, from 2016 to 2022, imports failed to regain momentum.

Imports by Country

In 2022, Bahrain (X tons) was the main aluminium alloy wire supplier to Saudi Arabia, with a approx. 93% share of total imports.

From 2012 to 2022, the average annual rate of growth in terms of volume from Bahrain totaled -4.9%.

In value terms, Bahrain ($X) constituted the largest supplier of aluminium alloy wire to Saudi Arabia.

From 2012 to 2022, the average annual rate of growth in terms of value from Bahrain totaled -6.9%.

Import Prices by Country

The average aluminium alloy wire import price stood at $X per ton in 2022, falling by -5.5% against the previous year. Overall, the import price recorded a slight descent. The pace of growth was the most pronounced in 2021 when the average import price increased by 15% against the previous year. Over the period under review, average import prices hit record highs at $X per ton in 2012; however, from 2013 to 2022, import prices stood at a somewhat lower figure.

As there is only one major supplying country, the average price level is determined by prices for Bahrain.

From 2012 to 2022, the rate of growth in terms of prices for Bahrain amounted to -3.1% per year.

Source: IndexBox Platform