Aluminium Market in Saudi Arabia
Market Overview
The Saudi aluminium market stood at $
in , increasing by % 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 continues to indicate a resilient expansion. Over the period under review, the market hit record highs at $ in 2018; however, from 2019 to , consumption failed to regain momentum.
In value terms, aluminium production rose modestly to $ in estimated in export price. Over the period under review, production showed noticeable growth. The pace of growth was the most pronounced in 2014 when the production volume increased by % against the previous year. Aluminium production peaked at $ in 2016; however, from 2017 to , production remained at a lower figure.
in , increasing by % 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 continues to indicate a resilient expansion. Over the period under review, the market hit record highs at $ in 2018; however, from 2019 to , consumption failed to regain momentum.In value terms, aluminium production rose modestly to $
in estimated in export price. Over the period under review, production showed noticeable growth. The pace of growth was the most pronounced in 2014 when the production volume increased by % against the previous year. Aluminium production peaked at $ in 2016; however, from 2017 to , production remained at a lower figure.Consumption
Aluminium consumption in Saudi Arabia stood at tons in , remaining relatively unchanged against the previous year. In general, consumption posted a buoyant expansion. Aluminium consumption peaked at tons in 2018; however, from 2019 to , consumption stood at a somewhat lower figure.
The size of the aluminium market in Saudi Arabia expanded modestly to $ in , rising by % 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). Overall, consumption saw a resilient increase. Aluminium consumption peaked at $ in 2018; however, from 2019 to , consumption remained at a lower figure.
tons in , remaining relatively unchanged against the previous year. In general, consumption posted a buoyant expansion. Aluminium consumption peaked at tons in 2018; however, from 2019 to , consumption stood at a somewhat lower figure.The size of the aluminium market in Saudi Arabia expanded modestly to $
in , rising by % 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). Overall, consumption saw a resilient increase. Aluminium consumption peaked at $ in 2018; however, from 2019 to , consumption remained at a lower figure.Market Forecast
Driven by increasing demand for aluminum (unwrought, not alloyed) in Saudi Arabia, the market is expected to continue an upward consumption trend over the next eight-year period. Market performance is forecast to decelerate, expanding with an anticipated CAGR of +% for the period from to , which is projected to bring the market volume to tons by the end of .
In value terms, the market is forecast to increase with an anticipated CAGR of +% for the period from to , which is projected to bring the market value to $ (in nominal prices) by the end of .
% for the period from to , which is projected to bring the market volume to tons by the end of .In value terms, the market is forecast to increase with an anticipated CAGR of +
% for the period from to , which is projected to bring the market value to $ (in nominal prices) by the end of .Market Structure
Over the period under review, the share of imports in terms of total aluminium consumption in Saudi Arabia was relatively small in physical terms, fluctuating under an % figure. In value terms the share of imports also stood at a low figure, which means that the Saudi Arabia aluminium market is largely supplied by domestic manufacturers. In , the share of imports in total consumption accounted for % in value terms and % in physical terms. The share of imports remained relatively constant over the period under review.
% figure. In value terms the share of imports also stood at a low figure, which means that the Saudi Arabia aluminium market is largely supplied by domestic manufacturers. In , the share of imports in total consumption accounted for % in value terms and % in physical terms. The share of imports remained relatively constant over the period under review.Trade Balance
Saudi Arabia remains a net exporter of aluminium; in physical and value terms, exports consistently exceeded imports from 2007 to . In , there was a significant trade surplus of tons, which was equal to $. This tangible trade surplus reflects the fact that the market remains buoyed by domestic production, and the industry is highly incorporated into the global market, which is likely to continue in the medium term.
. In , there was a significant trade surplus of tons, which was equal to $. This tangible trade surplus reflects the fact that the market remains buoyed by domestic production, and the industry is highly incorporated into the global market, which is likely to continue in the medium term.
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