Aluminium Market Overview in Saudi Arabia
Market Overview
For the third consecutive year, the Saudi aluminium market recorded growth in sales value, which increased by 
% to $ in 2019. In general, consumption posted a resilient expansion. The pace of growth was the most pronounced in 2014 with an increase of % y-o-y. Over the period under review, the market hit record highs in 2019 and is expected to retain growth in the near future.
In value terms, aluminium production declined to $ in 2019 estimated in export prices. Overall, production saw a strong increase. The most prominent rate of growth was recorded in 2014 when the production volume increased by % year-to-year. Over the period under review, production reached the maximum level at $ in 2018, and then shrank modestly in the following year.
% to $ in 2019. In general, consumption posted a resilient expansion. The pace of growth was the most pronounced in 2014 with an increase of % y-o-y. Over the period under review, the market hit record highs in 2019 and is expected to retain growth in the near future.In value terms, aluminium production declined to $
in 2019 estimated in export prices. Overall, production saw a strong increase. The most prominent rate of growth was recorded in 2014 when the production volume increased by % year-to-year. Over the period under review, production reached the maximum level at $ in 2018, and then shrank modestly in the following year.Consumption
In 2019, aluminium consumption in Saudi Arabia rose sharply to tonnes, surging by % on 2018 figures. Over the period under review, consumption continues to indicate a strong expansion. The growth pace was the most rapid in 2014 when the consumption volume increased by % against the previous year. Aluminium consumption peaked in 2019 and is likely to continue growth in years to come.
The revenue of the aluminium market in Saudi Arabia stood at $ in 2019, remaining stable against the previous year. This figure reflects the total revenues of producers and importers (excluding logistics costs, retail marketing costs, and retailers' margins, which will be included in the final consumer price). In general, consumption posted strong growth. The pace of growth appeared the most rapid in 2014 when the market value increased by % y-o-y. Over the period under review, the market reached the maximum level in 2019 and is likely to see steady growth in the immediate term.
tonnes, surging by % on 2018 figures. Over the period under review, consumption continues to indicate a strong expansion. The growth pace was the most rapid in 2014 when the consumption volume increased by % against the previous year. Aluminium consumption peaked in 2019 and is likely to continue growth in years to come.The revenue of the aluminium market in Saudi Arabia stood at $
in 2019, remaining stable against the previous year. This figure reflects the total revenues of producers and importers (excluding logistics costs, retail marketing costs, and retailers' margins, which will be included in the final consumer price). In general, consumption posted strong growth. The pace of growth appeared the most rapid in 2014 when the market value increased by % y-o-y. Over the period under review, the market reached the maximum level in 2019 and is likely to see steady growth in the immediate term.Market Forecast
Driven by increasing demand for aluminium in Saudi Arabia, the market is expected to continue an upward consumption trend over the next decade. Market performance is forecast to decelerate, expanding with an anticipated CAGR of +% for the period from 2019 to , which is projected to bring the market volume to tonnes by the end of .
% for the period from 2019 to , which is projected to bring the market volume to tonnes by the end of .Market Structure
Affected by an intensive growth in domestic production, which will gradually displace imported products from the market, the share of imports decreased from % in 2007 to % in 2019. Saudi Arabia domestic supply is expected to continue its growth.
% in 2007 to % in 2019. Saudi Arabia domestic supply is expected to continue its growth.Trade Balance
Saudi Arabia remains a net exporter of aluminium; in physical and value terms, exports consistently exceeded imports from 2007 to 2019. In 2019, there was a significant trade surplus of - kg, which was equal to $-. This tangible trade deficit reflects the fact that the market remains dependent on imports, which is likely to continue in the medium term.
kg, which was equal to $-. This tangible trade deficit reflects the fact that the market remains dependent on imports, which is likely to continue in the medium term.
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