United Arab Emirates: Aluminum Market 2025

Aluminum Market Size in the United Arab Emirates

In 2021, the aluminum market in the United Arab Emirates decreased by -5.8% to $X for the first time since 2017, thus ending a three-year rising trend. Overall, consumption enjoyed a strong increase. Aluminum consumption peaked at $X in 2020, and then shrank in the following year.

Aluminum Production in the United Arab Emirates

In value terms, aluminum production rose significantly to $X in 2021 estimated in export price. The total output value increased at an average annual rate of +2.3% over the period from 2012 to 2021; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The most prominent rate of growth was recorded in 2014 when the production volume increased by 26%. Aluminum production peaked at $X in 2018; however, from 2019 to 2021, production stood at a somewhat lower figure.

Aluminum Exports

Exports from the United Arab Emirates

In 2021, overseas shipments of aluminum were finally on the rise to reach X tons after three years of decline. Over the period under review, total exports indicated a strong expansion from 2012 to 2021: its volume increased at an average annual rate of +7.5% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. As a result, the exports reached the peak and are likely to continue growth in the immediate term.

In value terms, aluminum exports skyrocketed to $X in 2021. Overall, exports enjoyed a prominent increase. As a result, the exports reached the peak and are likely to continue growth in the immediate term.

Exports by Country

The United States (X tons), Japan (X tons) and Germany (X tons) were the main destinations of aluminum exports from the United Arab Emirates, with a combined 31% share of total exports. These countries were followed by Taiwan (Chinese), Thailand, the Netherlands, Turkey, Italy, Malaysia, South Korea, Mexico, Morocco and Spain, which together accounted for a further 29%.

From 2012 to 2021, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by Morocco (with a CAGR of +15.9%), while the other leaders experienced more modest paces of growth.

In value terms, the United States ($X), Japan ($X) and Germany ($X) appeared to be the largest markets for aluminum exported from the United Arab Emirates worldwide, together comprising 32% of total exports. These countries were followed by Taiwan (Chinese), Thailand, the Netherlands, Turkey, Italy, Mexico, Malaysia, South Korea, Spain and Morocco, which together accounted for a further 28%.

Morocco, with a CAGR of +14.9%, recorded the highest growth rate of the value of exports, in terms of 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

In 2021, the average aluminum export price amounted to $X per ton, surging by 35% against the previous year. Over the period from 2012 to 2021, it increased at an average annual rate of +1.2%. As a result, the export price attained the peak level and is likely to continue growth in the immediate term.

Average prices varied somewhat for the major external markets. In 2021, the countries with the highest prices were Mexico ($X per ton) and the United States ($X per ton), while the average price for exports to Morocco ($X per ton) and Turkey ($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 Taiwan (Chinese) (+1.9%), while the prices for the other major destinations experienced more modest paces of growth.

Aluminum Imports

Imports into the United Arab Emirates

In 2021, approx. X tons of aluminum were imported into the United Arab Emirates; increasing by 173% compared with the previous year. Overall, imports enjoyed strong growth. As a result, imports reached the peak and are likely to continue growth in the immediate term.

In value terms, aluminum imports skyrocketed to $X in 2021. Over the period under review, imports posted strong growth. As a result, imports attained the peak and are likely to continue growth in the immediate term.

Imports by Country

In 2021, Oman (X tons) constituted the largest supplier of aluminum to the United Arab Emirates, accounting for a 44% share of total imports. Moreover, aluminum imports from Oman exceeded the figures recorded by the second-largest supplier, India (X tons), ninefold. China (X tons) ranked third in terms of total imports with a 3.3% share.

From 2012 to 2021, the average annual rate of growth in terms of volume from Oman totaled +99.9%. The remaining supplying countries recorded the following average annual rates of imports growth: India (+45.6% per year) and China (+12.7% per year).

In value terms, Oman ($X) constituted the largest supplier of aluminum to the United Arab Emirates, comprising 42% of total imports. The second position in the ranking was held by India ($X), with a 5.6% share of total imports. It was followed by China, with a 4.8% share.

From 2012 to 2021, the average annual rate of growth in terms of value from Oman totaled +107.0%. The remaining supplying countries recorded the following average annual rates of imports growth: India (+44.9% per year) and China (+16.1% per year).

Import Prices by Country

In 2021, the average aluminum import price amounted to $X per ton, growing by 37% against the previous year. In general, the import price, however, recorded a noticeable shrinkage. The import price peaked at $X per ton in 2012; however, from 2013 to 2021, import prices failed to regain momentum.

Prices varied noticeably country of origin: the country with the highest price was China ($X per ton), while the price for Syrian Arab Republic ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Oman (+3.6%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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