Aluminium Market Overview in Saudi Arabia
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.
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.