Saudi Arabia: Market for Aluminium Plates, Sheets and Strip of Thickness over 0.2 mm 2024

Market Size for Aluminium Plates, Sheets and Strip of Thickness over 0.2 mm in Saudi Arabia

After two years of growth, the Saudi market for aluminium plates, sheets and strip of thickness over X mm decreased by X% to $X in 2023. Over the period under review, consumption, however, recorded a slight setback. Consumption of peaked at $X in 2012; however, from 2013 to 2023, consumption failed to regain momentum.

Production of Aluminium Plates, Sheets and Strip of Thickness over X mm in Saudi Arabia

In value terms, production of aluminium plates, sheets and strip of thickness over X mm expanded slightly to $X in 2023 estimated in export price. Overall, production posted significant growth. The most prominent rate of growth was recorded in 2015 when the production volume increased by X% against the previous year. Over the period under review, production of attained the peak level at $X in 2021; however, from 2022 to 2023, production stood at a somewhat lower figure.

Exports of Aluminium Plates, Sheets and Strip of Thickness over 0.2 mm

Exports from Saudi Arabia

In 2023, after two years of decline, there was significant growth in overseas shipments of aluminium plates, sheets and strip of thickness over X mm, when their volume increased by X% to X tons. Over the period under review, exports posted a strong expansion. The pace of growth was the most pronounced in 2019 with an increase of X% against the previous year. Over the period under review, the exports of reached the maximum at X tons in 2020; however, from 2021 to 2023, the exports stood at a somewhat lower figure.

In value terms, exports of aluminium plates, sheets and strip of thickness over X mm soared to $X in 2023. Overall, exports saw prominent growth. The most prominent rate of growth was recorded in 2019 with an increase of X% against the previous year. Over the period under review, the exports of hit record highs at $X in 2020; however, from 2021 to 2023, the exports failed to regain momentum.

Exports by Country

Egypt (X tons) was the main destination for exports of aluminium plates, sheets and strip of thickness over X mm from Saudi Arabia, with a X% share of total exports. It was followed by the Netherlands (X kg), with less than X% share of total exports.

From 2012 to 2023, the average annual growth rate of volume to Egypt stood at X%.

From 2012 to 2023, the average annual growth rate of value to Egypt amounted to X%.

Export Prices by Country

The average export price for aluminium plates, sheets and strip of thickness over X mm stood at $X per ton in 2023, shrinking by X% against the previous year. Over the period under review, the export price continues to indicate a perceptible curtailment. The pace of growth was the most pronounced in 2022 an increase of X%. Over the period under review, the average export prices reached the maximum at $X per ton in 2012; however, from 2013 to 2023, the export prices failed to regain momentum.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was the Netherlands ($X per ton), while the average price for exports to Egypt totaled $X per ton.

From 2012 to 2023, the most notable rate of growth in terms of prices was recorded for supplies to the Netherlands (X%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Aluminium Plates, Sheets and Strip of Thickness over 0.2 mm

Imports into Saudi Arabia

In 2023, imports of aluminium plates, sheets and strip of thickness over X mm into Saudi Arabia totaled X tons, approximately reflecting the year before. In general, imports saw a dramatic setback. The smallest decline of X% was in 2013. Imports peaked at X tons in 2012; however, from 2013 to 2023, imports stood at a somewhat lower figure.

In value terms, imports of aluminium plates, sheets and strip of thickness over X mm totaled $X in 2023. Over the period under review, imports recorded a dramatic descent. The most prominent rate of growth was recorded in 2014 when imports increased by X% against the previous year. Imports peaked at $X in 2012; however, from 2013 to 2023, imports stood at a somewhat lower figure.

Imports by Country

In 2023, China (X tons) constituted the largest aluminium plate, sheet and strip of thickness over X mm supplier to Saudi Arabia, with a X% share of total imports. Moreover, imports of aluminium plates, sheets and strip of thickness over X mm from China exceeded the figures recorded by the second-largest supplier, Germany (X tons), twofold. The third position in this ranking was taken by the United Arab Emirates (X tons), with an X% share.

From 2012 to 2023, the average annual rate of growth in terms of volume from China stood at X%. The remaining supplying countries recorded the following average annual rates of imports growth: Germany (X% per year) and the United Arab Emirates (X% per year).

In value terms, China ($X), Germany ($X) and the United Arab Emirates ($X) appeared to be the largest aluminium plate, sheet and strip of thickness over X mm suppliers to Saudi Arabia, together comprising X% of total imports. India and Italy lagged somewhat behind, together accounting for a further X%.

In terms of the main suppliers, India, with a CAGR of X%, saw the highest rates of growth with regard to the value of imports, over the period under review, while purchases for the other leaders experienced a decline.

Import Prices by Country

The average import price for aluminium plates, sheets and strip of thickness over X mm stood at $X per ton in 2023, approximately reflecting the previous year. Over the period under review, the import price showed a relatively flat trend pattern. The pace of growth was the most pronounced in 2021 an increase of X% against the previous year. Over the period under review, average import prices reached the peak figure at $X per ton in 2015; however, from 2016 to 2023, import prices failed to regain momentum.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Italy ($X per ton), while the price for China ($X per ton) was amongst the lowest.

From 2012 to 2023, the most notable rate of growth in terms of prices was attained by France (X%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform