Saudi Arabia: Alumina Market 2024

Alumina Market Size in Saudi Arabia

After two years of growth, the Saudi alumina market decreased by -44.5% to $X in 2022. Overall, consumption, however, recorded prominent growth. Over the period under review, the market hit record highs at $X in 2014; however, from 2015 to 2022, consumption stood at a somewhat lower figure.

Alumina Production in Saudi Arabia

In value terms, alumina production amounted to $X in 2022 estimated in export price. The total output value increased at an average annual rate of +1.2% over the period from 2012 to 2022; however, the trend pattern remained relatively stable, with somewhat noticeable fluctuations being observed throughout the analyzed period. The most prominent rate of growth was recorded in 2018 with an increase of 9.4% against the previous year. As a result, production attained the peak level of $X. From 2019 to 2022, production growth remained at a lower figure.

Alumina Exports

Exports from Saudi Arabia

In 2022, exports of alumina from Saudi Arabia dropped modestly to X tons, with a decrease of -2.2% on the previous year's figure. Overall, exports, however, continue to indicate a significant expansion. The most prominent rate of growth was recorded in 2018 with an increase of 622%. Over the period under review, the exports attained the maximum at X tons in 2019; however, from 2020 to 2022, the exports stood at a somewhat lower figure.

In value terms, alumina exports fell slightly to $X in 2022. In general, exports, however, continue to indicate a significant increase. The most prominent rate of growth was recorded in 2018 with an increase of 671% against the previous year. Over the period under review, the exports reached the peak figure at $X in 2019; however, from 2020 to 2022, the exports stood at a somewhat lower figure.

Exports by Country

Bahrain (X tons) and the United Arab Emirates (X tons) were the main destinations of alumina exports from Saudi Arabia.

From 2012 to 2022, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by the United Arab Emirates (with a CAGR of +92.4%).

In value terms, Bahrain ($X) and the United Arab Emirates ($X) appeared to be the largest markets for alumina exported from Saudi Arabia worldwide.

In terms of the main countries of destination, the United Arab Emirates, with a CAGR of +65.1%, recorded the highest growth rate of the value of exports, over the period under review.

Export Prices by Country

In 2022, the average alumina export price amounted to $X per ton, remaining stable against the previous year. In general, the export price showed a relatively flat trend pattern. The pace of growth appeared the most rapid in 2016 an increase of 41%. The export price peaked at $X per ton in 2018; however, from 2019 to 2022, the export prices stood at a somewhat lower figure.

Average prices varied noticeably for the major foreign markets. In 2022, amid the top suppliers, the country with the highest price was the United Arab Emirates ($X per ton), while the average price for exports to Bahrain amounted to $X per ton.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Egypt (+8.9%), while the prices for the other major destinations experienced mixed trend patterns.

Alumina Imports

Imports into Saudi Arabia

In 2022, the amount of alumina imported into Saudi Arabia contracted slightly to X tons, which is down by -3.3% against 2021. Overall, imports, however, showed a relatively flat trend pattern. The growth pace was the most rapid in 2013 when imports increased by 1,897% against the previous year. Imports peaked at X tons in 2014; however, from 2015 to 2022, imports remained at a lower figure.

In value terms, alumina imports reduced to $X in 2022. In general, imports, however, saw a buoyant increase. The growth pace was the most rapid in 2013 with an increase of 511%. Imports peaked at $X in 2014; however, from 2015 to 2022, imports remained at a lower figure.

Imports by Country

China (X tons), India (X tons) and the United States (X tons) were the main suppliers of alumina imports to Saudi Arabia, together accounting for 61% of total imports. These countries were followed by Bahrain, France, the UK and the Netherlands, which together accounted for a further 26%.

From 2012 to 2022, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by Bahrain (with a CAGR of +20.6%), while imports for the other leaders experienced more modest paces of growth.

In value terms, the United States ($X) constituted the largest supplier of alumina to Saudi Arabia, comprising 63% of total imports. The second position in the ranking was held by France ($X), with an 8.6% share of total imports. It was followed by China, with a 4.8% share.

From 2012 to 2022, the average annual rate of growth in terms of value from the United States amounted to +39.4%. The remaining supplying countries recorded the following average annual rates of imports growth: France (+12.1% per year) and China (+3.1% per year).

Import Prices by Country

The average alumina import price stood at $X per ton in 2022, with a decrease of -3.2% against the previous year. Overall, the import price, however, continues to indicate a buoyant expansion. The most prominent rate of growth was recorded in 2016 an increase of 201%. The import price peaked at $X per ton in 2021, and then declined modestly in the following year.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was the United States ($X per ton), while the price for India ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by France (+17.0%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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