MENA: Aluminium Tube Market 2024

Aluminium Tube Market Size in MENA

The MENA's aluminium tube market reduced to $X in 2022, declining by X% against the previous year. The total consumption indicated a moderate expansion from 2012 to 2022: its value increased at an average annual rate of X% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, consumption increased by X% against 2020 indices. As a result, consumption reached the peak level of $X, and then reduced modestly in the following year.

Aluminium Tube Production in MENA

In value terms, aluminium tube production declined remarkably to $X in 2022 estimated in export price. Overall, production continues to indicate a resilient increase. The most prominent rate of growth was recorded in 2018 when the production volume increased by X%. The level of production peaked at $X in 2019; however, from 2020 to 2022, production remained at a lower figure.

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Aluminium Tube Exports

Exports in MENA

In 2022, the amount of aluminium tubes and pipes exported in MENA soared to X tons, with an increase of X% compared with the previous year's figure. Over the period under review, exports posted a resilient increase. The pace of growth appeared the most rapid in 2019 with an increase of X% against the previous year. Over the period under review, the exports reached the maximum in 2022 and are likely to continue growth in the near future.

In value terms, aluminium tube exports surged to $X in 2022. In general, exports showed strong growth. As a result, the exports reached the peak and are likely to continue growth in the immediate term.

Exports by Country

The United Arab Emirates (X tons) and Saudi Arabia (X tons) represented roughly X% of total exports in 2022. It was distantly followed by Turkey (X tons), achieving a X% share of total exports. Bahrain (X tons) held a relatively small share of total exports.

From 2012 to 2022, the biggest increases were recorded for the United Arab Emirates (with a CAGR of X%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, the largest aluminium tube supplying countries in MENA were the United Arab Emirates ($X), Saudi Arabia ($X) and Turkey ($X), together comprising X% of total exports.

In terms of the main exporting countries, Saudi Arabia, with a CAGR of X%, recorded 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

The export price in MENA stood at $X per ton in 2022, surging by X% against the previous year. In general, the export price, however, continues to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in 2021 an increase of X%. The level of export peaked at $X per ton in 2012; however, from 2013 to 2022, the export prices remained at a lower figure.

Average prices varied somewhat amongst the major exporting countries. In 2022, major exporting countries recorded the following prices: in Bahrain ($X per ton) and Turkey ($X per ton), while Saudi Arabia ($X per ton) and the United Arab Emirates ($X per ton) were amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Saudi Arabia (X%), while the other leaders experienced more modest paces of growth.

Aluminium Tube Imports

Imports in MENA

In 2022, the amount of aluminium tubes and pipes imported in MENA skyrocketed to X tons, increasing by X% compared with 2021 figures. Over the period under review, imports showed a resilient expansion. The growth pace was the most rapid in 2015 with an increase of X%. The volume of import peaked in 2022 and is likely to continue growth in years to come.

In value terms, aluminium tube imports surged to $X in 2022. Overall, imports enjoyed measured growth. The pace of growth appeared the most rapid in 2015 when imports increased by X% against the previous year. Over the period under review, imports hit record highs in 2022 and are likely to see steady growth in the immediate term.

Imports by Country

In 2022, Oman (X tons) was the main importer of aluminium tubes and pipes, generating X% of total imports. It was distantly followed by Yemen (X tons) and the United Arab Emirates (X tons), together committing a X% share of total imports. Iraq (X tons), Tunisia (X tons), Iran (X tons) and Egypt (X tons) followed a long way behind the leaders.

Imports into Oman increased at an average annual rate of X% from 2012 to 2022. At the same time, Yemen (X%), Iraq (X%), the United Arab Emirates (X%) and Tunisia (X%) displayed positive paces of growth. Moreover, Yemen emerged as the fastest-growing importer imported in MENA, with a CAGR of X% from 2012-2022. By contrast, Egypt (X%) and Iran (X%) illustrated a downward trend over the same period. From 2012 to 2022, the share of Oman, Yemen and Iraq increased by X, X and X percentage points, respectively. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Oman ($X) constitutes the largest market for imported aluminium tubes and pipes in MENA, comprising X% of total imports. The second position in the ranking was taken by the United Arab Emirates ($X), with a X% share of total imports. It was followed by Yemen, with an X% share.

From 2012 to 2022, the average annual growth rate of value in Oman stood at X%. In the other countries, the average annual rates were as follows: the United Arab Emirates (X% per year) and Yemen (X% per year).

Import Prices by Country

In 2022, the import price in MENA amounted to $X per ton, almost unchanged from the previous year. Overall, the import price, however, recorded a perceptible slump. The growth pace was the most rapid in 2018 an increase of X%. The level of import peaked at $X per ton in 2012; however, from 2013 to 2022, import prices failed to regain momentum.

Prices varied noticeably by country of destination: amid the top importers, the country with the highest price was Iran ($X per ton), while Yemen ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Iran (X%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform

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