United Arab Emirates: Aluminium Alloy Tube Market 2024

Aluminium Alloy Tube Market Size in the United Arab Emirates

The aluminium alloy tube market in the United Arab Emirates fell to $X in 2022, waning by -8.8% against the previous year. In general, the total consumption indicated measured growth from 2012 to 2022: its value increased at an average annual rate of +2.6% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, consumption decreased by -23.3% against 2019 indices. As a result, consumption reached the peak level of $X. From 2020 to 2022, the growth of the market remained at a lower figure.

Aluminium Alloy Tube Production in the United Arab Emirates

In value terms, aluminium alloy tube production fell modestly to $X in 2022 estimated in export price. Overall, production recorded a slight setback. The pace of growth was the most pronounced in 2015 with an increase of 51%. Aluminium alloy tube production peaked at $X in 2018; however, from 2019 to 2022, production failed to regain momentum.

Aluminium Alloy Tube Exports

Exports from the United Arab Emirates

In 2022, the amount of aluminium alloy tubes and pipes exported from the United Arab Emirates shrank slightly to X tons, approximately equating the year before. Overall, exports, however, recorded slight growth. The pace of growth appeared the most rapid in 2015 when exports increased by 116%. The exports peaked at X tons in 2017; however, from 2018 to 2022, the exports failed to regain momentum.

In value terms, aluminium alloy tube exports fell modestly to $X in 2022. Over the period under review, exports showed a perceptible reduction. The most prominent rate of growth was recorded in 2015 with an increase of 71% against the previous year. The exports peaked at $X in 2018; however, from 2019 to 2022, the exports stood at a somewhat lower figure.

Exports by Country

The UK (X tons), Spain (X tons) and India (X tons) were the main destinations of aluminium alloy tube exports from the United Arab Emirates, together accounting for 46% of total exports. Kyrgyzstan, the United States, Egypt, Canada and Germany lagged somewhat behind, together accounting for a further 15%.

From 2012 to 2022, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by Kyrgyzstan (with a CAGR of +335.4%), while the other leaders experienced more modest paces of growth.

In value terms, the largest markets for aluminium alloy tube exported from the United Arab Emirates were the UK ($X), Spain ($X) and India ($X), together accounting for 45% of total exports. Kyrgyzstan, Egypt, the United States, Canada and Germany lagged somewhat behind, together accounting for a further 15%.

Among the main countries of destination, Kyrgyzstan, with a CAGR of +294.3%, recorded the highest growth rate of 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 tube export price amounted to $X per ton, declining by -2% against the previous year. Over the period under review, the export price recorded a perceptible decline. The most prominent rate of growth was recorded in 2018 when the average export price increased by 85% against the previous year. Over the period under review, the average export prices reached the maximum at $X per ton in 2012; however, from 2013 to 2022, the export prices remained at a lower figure.

There were significant differences in the average prices for the major external markets. In 2022, amid the top suppliers, the country with the highest price was Egypt ($X per ton), while the average price for exports to Canada ($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 Egypt (+3.5%), while the prices for the other major destinations experienced a decline.

Aluminium Alloy Tube Imports

Imports into the United Arab Emirates

Aluminium alloy tube imports into the United Arab Emirates expanded slightly to X tons in 2022, with an increase of 2.4% compared with 2021 figures. Overall, total imports indicated a pronounced expansion from 2012 to 2022: its volume increased at an average annual rate of +4.3% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports decreased by -4.1% against 2020 indices. The growth pace was the most rapid in 2014 with an increase of 58% against the previous year. Imports peaked at X tons in 2020; however, from 2021 to 2022, imports remained at a lower figure.

In value terms, aluminium alloy tube imports declined to $X in 2022. In general, imports posted a strong increase. The pace of growth appeared the most rapid in 2019 with an increase of 210% against the previous year. As a result, imports attained the peak of $X. From 2020 to 2022, the growth of imports remained at a somewhat lower figure.

Imports by Country

In 2022, China (X tons) constituted the largest aluminium alloy tube supplier to the United Arab Emirates, with a 74% share of total imports. Moreover, aluminium alloy tube imports from China exceeded the figures recorded by the second-largest supplier, India (X tons), sixfold. Singapore (X tons) ranked third in terms of total imports with a 2.4% share.

From 2012 to 2022, the average annual growth rate of volume from China stood at +5.9%. The remaining supplying countries recorded the following average annual rates of imports growth: India (+17.3% per year) and Singapore (+5.2% per year).

In value terms, China ($X) constituted the largest supplier of aluminium alloy tubes and pipes to the United Arab Emirates, comprising 63% of total imports. The second position in the ranking was held by India ($X), with a 9.2% share of total imports. It was followed by the United States, with a 2.9% share.

From 2012 to 2022, the average annual growth rate of value from China stood at +10.6%. The remaining supplying countries recorded the following average annual rates of imports growth: India (+13.9% per year) and the United States (+0.6% per year).

Import Prices by Country

In 2022, the average aluminium alloy tube import price amounted to $X per ton, declining by -16.9% against the previous year. Over the period under review, the import price, however, saw a relatively flat trend pattern. The growth pace was the most rapid in 2019 when the average import price increased by 110% against the previous year. As a result, import price attained the peak level of $X per ton. From 2020 to 2022, the average import prices remained at a lower figure.

There were significant differences in the average prices amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was Germany ($X per ton), while the price for India ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Germany (+10.0%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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