Price for Aluminium; Plates, Sheets and Strip, Thickness Exceeding 0.2mm, Alloys, Rectangular (Including Square) in Saudi Arabia - 2022

Contents:

1. Price for Aluminium; Plates, Sheets and Strip, Thickness Exceeding 0.2mm, Alloys, Rectangular (Including Square) in Saudi Arabia (FOB) - 2022
2. Price for Aluminium; Plates, Sheets and Strip, Thickness Exceeding 0.2mm, Alloys, Rectangular (Including Square) in Saudi Arabia (CIF) - 2022
3. Exports of Aluminium; Plates, Sheets and Strip, Thickness Exceeding 0.2mm, Alloys, Rectangular (Including Square) in Saudi Arabia
4. Imports of Aluminium; Plates, Sheets and Strip, Thickness Exceeding 0.2mm, Alloys, Rectangular (Including Square) in Saudi Arabia

Price for Aluminium; Plates, Sheets and Strip, Thickness Exceeding 0.2mm, Alloys, Rectangular (Including Square) in Saudi Arabia (FOB) - 2022

In 2021, the average export price for aluminium; plates, sheets and strip, thickness exceeding 0.2mm, alloys, rectangular (including square)s amounted to $3,440 per ton, rising by 34% against the previous year. Overall, the export price, however, continues to indicate a slight decrease. Over the period under review, the average export prices reached the peak figure at $4,107 per ton in 2012; however, from 2013 to 2021, the export prices remained at a lower figure.

There were significant differences in the average prices for the major overseas markets. In 2021, amid the top suppliers, the country with the highest price was Switzerland ($11,929 per ton), while the average price for exports to Egypt ($2,782 per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was recorded for supplies to Switzerland (+388.9%), while the prices for the other major destinations experienced more modest paces of growth.

Price for Aluminium; Plates, Sheets and Strip, Thickness Exceeding 0.2mm, Alloys, Rectangular (Including Square) in Saudi Arabia (CIF) - 2022

In 2021, the average import price for aluminium; plates, sheets and strip, thickness exceeding 0.2mm, alloys, rectangular (including square)s amounted to $3,518 per ton, surging by 27% against the previous year. Over the period from 2012 to 2021, it increased at an average annual rate of +3.1%. As a result, import price attained the peak level and is likely to continue growth in the immediate term.

Average prices varied somewhat amongst the major supplying countries. In 2021, amid the top importers, the countries with the highest prices were Germany ($3,831 per ton) and China ($3,828 per ton), while the price for Oman ($2,933 per ton) and Bahrain ($3,059 per ton) were amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by China (+7.8%), while the prices for the other major suppliers experienced more modest paces of growth.

Exports of Aluminium; Plates, Sheets and Strip, Thickness Exceeding 0.2mm, Alloys, Rectangular (Including Square) in Saudi Arabia

In 2022, shipments abroad of aluminium; plates, sheets and strip, thickness exceeding 0.2mm, alloys, rectangular (including square)s decreased by -3.8% to 123K tons, falling for the second consecutive year after two years of growth. The total export volume increased at an average annual rate of +1.4% from 2019 to 2022; the trend pattern remained relatively stable, with somewhat noticeable fluctuations being observed in certain years. The most prominent rate of growth was recorded in 2020 with an increase of 13%. As a result, the exports reached the peak of 133K tons. From 2021 to 2022, the growth of the exports of failed to regain momentum.

In value terms, exports of aluminium; plates, sheets and strip, thickness exceeding 0.2mm, alloys, rectangular (including square)s skyrocketed to $538M in 2022. Overall, total exports indicated a buoyant increase from 2019 to 2022: its value increased at an average annual rate of +17.1% over the last three years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, exports increased by +60.4% against 2019 indices. The pace of growth appeared the most rapid in 2021 with an increase of 29% against the previous year. Over the period under review, the exports of hit record highs in 2022 and are expected to retain growth in the near future.

Top Export Markets for Aluminium; Plates, Sheets and Strip, Thickness Exceeding 0.2mm, Alloys, Rectangular (Including Square) from Saudi Arabia in 2022:

1. United States (3.7K tons)
2. Egypt (2.4K tons)
3. United Arab Emirates (0.7K tons)
4. Australia (0.6K tons)
5. Czech Republic (0.2K tons)
6. United Kingdom (0.2K tons)
7. Kuwait (0.2K tons)

Imports of Aluminium; Plates, Sheets and Strip, Thickness Exceeding 0.2mm, Alloys, Rectangular (Including Square) in Saudi Arabia

In 2021, after two years of growth, there was significant decline in overseas purchases of aluminium; plates, sheets and strip, thickness exceeding 0.2mm, alloys, rectangular (including square)s, when their volume decreased by -27.9% to 32K tons. Over the period under review, imports recorded a perceptible curtailment. The pace of growth was the most pronounced in 2020 with an increase of 27% against the previous year. As a result, imports reached the peak of 44K tons, and then reduced markedly in the following year.

In value terms, imports of aluminium; plates, sheets and strip, thickness exceeding 0.2mm, alloys, rectangular (including square)s contracted to $112M in 2021. The total import value increased at an average annual rate of +6.9% from 2019 to 2021; however, the trend pattern remained consistent, with somewhat noticeable fluctuations in certain years. The most prominent rate of growth was recorded in 2020 with an increase of 25% against the previous year. As a result, imports reached the peak of $123M, and then reduced in the following year.

Top Suppliers of Aluminium; Plates, Sheets and Strip, Thickness Exceeding 0.2mm, Alloys, Rectangular (Including Square) to Saudi Arabia in 2022:

1. China (11.8K tons)
2. Bahrain (8.9K tons)
3. United Arab Emirates (6.9K tons)
4. Germany (2.8K tons)
5. Oman (0.8K tons)
6. South Africa (0.3K tons)

Source: IndexBox Market Intelligence Platform