Saudi Arabia: Non-Alloy Aluminium Bar Market 2024

Non-Alloy Aluminium Bar Market Size in Saudi Arabia

In 2021, the Saudi non-alloy aluminium bar market decreased by -26.2% to $X, falling for the second consecutive year after four years of growth. Overall, consumption, however, recorded a relatively flat trend pattern. Non-alloy aluminium bar consumption peaked at $X in 2019; however, from 2020 to 2021, consumption stood at a somewhat lower figure.

Non-Alloy Aluminium Bar Production in Saudi Arabia

In value terms, non-alloy aluminium bar production skyrocketed to $X in 2021 estimated in export price. Overall, production posted a significant expansion. The most prominent rate of growth was recorded in 2016 when the production volume increased by 142% against the previous year. Over the period under review, production attained the peak level at $X in 2018; however, from 2019 to 2021, production failed to regain momentum.

Non-Alloy Aluminium Bar Exports

Exports from Saudi Arabia

In 2021, the amount of non-alloy aluminium bars, rods and profiles exported from Saudi Arabia soared to X tons, rising by 57% against the year before. Over the period under review, exports continue to indicate strong growth. The pace of growth was the most pronounced in 2013 with an increase of 147%. Over the period under review, the exports attained the maximum at X tons in 2015; however, from 2016 to 2021, the exports failed to regain momentum.

In value terms, non-alloy aluminium bar exports soared to $X in 2021. Overall, exports recorded a strong expansion. The pace of growth was the most pronounced in 2013 when exports increased by 154%. 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), Egypt (X tons) and Kuwait (X tons) were the main destinations of non-alloy aluminium bar exports from Saudi Arabia, together accounting for 70% of total exports.

From 2012 to 2021, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by Kuwait (with a CAGR of +78.6%), while the other leaders experienced more modest paces of growth.

In value terms, the largest markets for non-alloy aluminium bar exported from Saudi Arabia were the United Arab Emirates ($X), Egypt ($X) and Kuwait ($X), together accounting for 69% of total exports.

Kuwait, with a CAGR of +78.0%, saw the highest growth rate of the value of exports, among the main countries of destination over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

The average non-alloy aluminium bar export price stood at $X per ton in 2021, picking up by 20% against the previous year. Overall, the export price, however, continues to indicate a mild shrinkage. The export price peaked at $X per ton in 2014; however, from 2015 to 2021, the export prices stood at a somewhat lower figure.

Average prices varied somewhat for the major external markets. In 2021, amid the top suppliers, the highest price was recorded for prices to Sudan ($X per ton) and Oman ($X per ton), while the average price for exports to Yemen ($X per ton) and Egypt ($X per ton) were amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was recorded for supplies to Egypt (+6.3%), while the prices for the other major destinations experienced more modest paces of growth.

Non-Alloy Aluminium Bar Imports

Imports into Saudi Arabia

In 2021, supplies from abroad of non-alloy aluminium bars, rods and profiles decreased by -35% to X tons for the first time since 2018, thus ending a two-year rising trend. In general, imports continue to indicate a noticeable decrease. The most prominent rate of growth was recorded in 2013 when imports increased by 97% against the previous year. As a result, imports reached the peak of X tons. From 2014 to 2021, the growth of imports remained at a somewhat lower figure.

In value terms, non-alloy aluminium bar imports dropped significantly to $X in 2021. Over the period under review, imports recorded a perceptible reduction. The pace of growth appeared the most rapid in 2013 with an increase of 79% against the previous year. As a result, imports reached the peak of $X. From 2014 to 2021, the growth of imports remained at a lower figure.

Imports by Country

In 2021, the United Arab Emirates (X tons) constituted the largest non-alloy aluminium bar supplier to Saudi Arabia, with a 73% share of total imports. Moreover, non-alloy aluminium bar imports from the United Arab Emirates exceeded the figures recorded by the second-largest supplier, Oman (X tons), fourfold.

From 2012 to 2021, the average annual growth rate of volume from the United Arab Emirates totaled +2.5%. The remaining supplying countries recorded the following average annual rates of imports growth: Oman (+23.3% per year) and Kuwait (+41.2% per year).

In value terms, the United Arab Emirates ($X) constituted the largest supplier of non-alloy aluminium bars, rods and profiles to Saudi Arabia, comprising 70% of total imports. The second position in the ranking was taken by Oman ($X), with a 22% share of total imports.

From 2012 to 2021, the average annual growth rate of value from the United Arab Emirates stood at +2.1%. The remaining supplying countries recorded the following average annual rates of imports growth: Oman (+22.5% per year) and Kuwait (+38.7% per year).

Import Prices by Country

The average non-alloy aluminium bar import price stood at $X per ton in 2021, growing by 7.1% against the previous year. Over the last nine-year period, it increased at an average annual rate of +1.6%. The pace of growth was the most pronounced in 2020 an increase of 11% against the previous year. Over the period under review, average import prices reached the maximum in 2021 and is likely to see steady growth in years to come.

Average prices varied noticeably amongst the major supplying countries. In 2021, amid the top importers, the country with the highest price was Oman ($X per ton), while the price for Kuwait ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Kuwait (+1.9%), while the prices for the other major suppliers experienced mixed trend patterns.

Source: IndexBox Platform

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