Saudi Arabia: Unwrought Aluminium Alloys Market 2021

Unwrought Aluminium Alloys Market Size in Saudi Arabia

In 2020, the Saudi unwrought aluminium alloys market decreased by -X% to $X for the first time since 2017, thus ending a two-year rising trend. In general, consumption, however, showed a relatively flat trend pattern. The most prominent rate of growth was recorded in 2016 when the market value increased by X% year-to-year. Over the period under review, the market attained the peak level at $X in 2019, and then contracted markedly in the following year.

Unwrought Aluminium Alloys Production in Saudi Arabia

In value terms, unwrought aluminium alloys production fell markedly to $X in 2020 estimated in export prices. Overall, production showed a noticeable reduction. The pace of growth appeared the most rapid in 2015 when the production volume increased by X% year-to-year. Unwrought aluminium alloys production peaked at $X in 2007; however, from 2008 to 2020, production stood at a somewhat lower figure.

Unwrought Aluminium Alloys Exports

Exports from Saudi Arabia

In 2020, unwrought aluminium alloys exports from Saudi Arabia contracted markedly to X tons, declining by -X% compared with the previous year. In general, exports saw a abrupt setback. The pace of growth appeared the most rapid in 2015 when exports increased by X% against the previous year. Over the period under review, exports attained the peak figure at X tons in 2007; however, from 2008 to 2020, exports remained at a lower figure.

In value terms, unwrought aluminium alloys exports reduced notably to $X in 2020. Overall, exports recorded a deep contraction. The pace of growth was the most pronounced in 2015 with an increase of X% against the previous year. Exports peaked at $X in 2007; however, from 2008 to 2020, exports remained at a lower figure.

Exports by Country

Thailand (X tons), Brazil (X tons) and the U.S. (X tons) were the main destinations of unwrought aluminium alloys exports from Saudi Arabia, with a combined X% share of total exports.

From 2007 to 2020, the biggest increases were in Brazil (+X% per year), while shipments for the other leaders experienced more modest paces of growth.

In value terms, Thailand ($X), Brazil ($X) and the U.S. ($X) were the largest markets for unwrought aluminium alloys exported from Saudi Arabia worldwide, together comprising X% of total exports.

In terms of the main countries of destination, Brazil (+X% per year) 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 2020, the average unwrought aluminium alloys export price amounted to $X per ton, declining by -X% against the previous year. Over the period under review, the export price saw a pronounced downturn. The pace of growth appeared the most rapid in 2015 an increase of X% y-o-y. The export price peaked at $X per ton in 2007; however, from 2008 to 2020, export prices failed to regain the momentum.

Prices varied noticeably by the country of destination; the country with the highest price was the U.S. ($X per ton), while the average price for exports to China ($X per ton) was amongst the lowest.

From 2007 to 2020, the most notable rate of growth in terms of prices was recorded for supplies to Taiwan (Chinese), while the prices for the other major destinations experienced a decline.

Unwrought Aluminium Alloys Imports

Imports into Saudi Arabia

In 2020, approx. X tons of unwrought aluminium alloys were imported into Saudi Arabia; picking up by X% on the previous year. In general, imports enjoyed a significant increase. The pace of growth was the most pronounced in 2017 when imports increased by X% against the previous year. Over the period under review, imports hit record highs in 2020 and are likely to continue growth in the near future.

In value terms, unwrought aluminium alloys imports skyrocketed to $X in 2020. Overall, imports showed significant growth. The growth pace was the most rapid in 2017 with an increase of X% year-to-year. Over the period under review, imports reached the peak figure in 2020 and are likely to continue growth in the immediate term.

Imports by Country

In 2020, Bahrain (X tons) constituted the largest unwrought aluminium alloys supplier to Saudi Arabia, with a X% share of total imports. Moreover, unwrought aluminium alloys imports from Bahrain exceeded the figures recorded by the second-largest supplier, the United Arab Emirates (X tons), more than tenfold.

From 2007 to 2020, the average annual growth rate of volume from Bahrain amounted to +X%. The remaining supplying countries recorded the following average annual rates of imports growth: the United Arab Emirates (+X% per year) and China (+X% per year).

In value terms, Bahrain ($X) constituted the largest supplier of unwrought aluminium alloys to Saudi Arabia, comprising X% of total imports. The second position in the ranking was occupied by the United Arab Emirates ($X), with a X% share of total imports.

From 2007 to 2020, the average annual growth rate of value from Bahrain stood at +X%. The remaining supplying countries recorded the following average annual rates of imports growth: the United Arab Emirates (+X% per year) and China (+X% per year).

Import Prices by Country

In 2020, the average unwrought aluminium alloys import price amounted to $X per ton, with an increase of X% against the previous year. Overall, import price indicated a modest increase from 2007 to 2020: its price increased at an average annual rate of +X% over the last thirteen years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. As a result, import price attained the peak level and is likely to continue growth in the immediate term.

Prices varied noticeably by the country of origin; the country with the highest price was Bahrain ($X per ton), while the price for the United Arab Emirates ($X per ton) was amongst the lowest.

From 2007 to 2020, the most notable rate of growth in terms of prices was attained by Bahrain, while the prices for the other major suppliers experienced a decline.

Source: IndexBox Platform

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