Aluminium Tube Market in Saudi Arabia
Market Overview
The Saudi aluminium tube market was finally on the rise to reach $
in , after two years of decline. Overall, consumption, however, saw a mild reduction. Aluminium tube consumption peaked at $ in 2008; however, from 2009 to , consumption failed to regain momentum.
In value terms, aluminium tube production totaled $ in estimated in export price. Over the period under review, production showed a relatively flat trend pattern. The growth pace was the most rapid in 2016 when the production volume increased by % against the previous year. Aluminium tube production peaked at $ in ; however, from to , production stood at a somewhat lower figure.
in , after two years of decline. Overall, consumption, however, saw a mild reduction. Aluminium tube consumption peaked at $ in 2008; however, from 2009 to , consumption failed to regain momentum.In value terms, aluminium tube production totaled $
in estimated in export price. Over the period under review, production showed a relatively flat trend pattern. The growth pace was the most rapid in 2016 when the production volume increased by % against the previous year. Aluminium tube production peaked at $ in ; however, from to , production stood at a somewhat lower figure.Consumption
In , consumption of aluminium tubes, pipes and tube or pipe fittings was finally on the rise to reach tons for the first time since 2019, thus ending a two-year declining trend. Over the period under review, consumption, however, showed a relatively flat trend pattern. Aluminium tube consumption peaked at tons in 2007; however, from 2008 to , consumption stood at a somewhat lower figure.
The revenue of the aluminium tube market in Saudi Arabia amounted to $ in , stabilizing at 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, however, saw a slight curtailment. Aluminium tube consumption peaked at $ in 2008; however, from 2009 to , consumption failed to regain momentum.
, consumption of aluminium tubes, pipes and tube or pipe fittings was finally on the rise to reach tons for the first time since 2019, thus ending a two-year declining trend. Over the period under review, consumption, however, showed a relatively flat trend pattern. Aluminium tube consumption peaked at tons in 2007; however, from 2008 to , consumption stood at a somewhat lower figure.The revenue of the aluminium tube market in Saudi Arabia amounted to $
in , stabilizing at 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, however, saw a slight curtailment. Aluminium tube consumption peaked at $ in 2008; however, from 2009 to , consumption failed to regain momentum.Market Forecast
Driven by rising demand for aluminium tube in Saudi Arabia, the market is expected to start an upward consumption trend over the next eight-year period. The performance of the market is forecast to increase slightly, 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
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.
, 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 tube; 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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