Middle East: Aluminium Hydroxide Market 2024

Aluminium Hydroxide Market Size in the Middle East

The Middle Eastern aluminium hydroxide market fell slightly to $X in 2023, declining by X% against the previous year. The market value increased at an average annual rate of X% from 2012 to 2023; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. Over the period under review, the market attained the maximum level at $X in 2021; however, from 2022 to 2023, consumption failed to regain momentum.

Aluminium Hydroxide Production in the Middle East

In value terms, aluminium hydroxide production reduced remarkably to $X in 2023 estimated in export price. In general, production continues to indicate a noticeable expansion. The pace of growth appeared the most rapid in 2022 when the production volume increased by X% against the previous year. As a result, production attained the peak level of $X, and then reduced markedly in the following year.

Aluminium Hydroxide Exports

Exports in the Middle East

Aluminium hydroxide exports contracted rapidly to X tons in 2023, reducing by X% compared with the previous year's figure. Over the period under review, exports saw a deep slump. The pace of growth was the most pronounced in 2019 with an increase of X%. As a result, the exports reached the peak of X tons. From 2020 to 2023, the growth of the exports remained at a somewhat lower figure.

In value terms, aluminium hydroxide exports reduced remarkably to $X in 2023. In general, exports, however, enjoyed tangible growth. The most prominent rate of growth was recorded in 2022 when exports increased by X% against the previous year. As a result, the exports attained the peak of $X, and then fell sharply in the following year.

Exports by Country

The United Arab Emirates dominates exports structure, reaching X tons, which was near X% of total exports in 2023. It was distantly followed by Israel (X tons), comprising a X% share of total exports. Iran (X tons) took a little share of total exports.

The United Arab Emirates was also the fastest-growing in terms of the aluminium hydroxide exports, with a CAGR of X% from 2012 to 2023. Iran (X%) and Israel (X%) illustrated a downward trend over the same period. The United Arab Emirates (X p.p.) significantly strengthened its position in terms of the total exports, while Iran and Israel saw its share reduced by X% and X% from 2012 to 2023, respectively.

In value terms, the United Arab Emirates ($X) remains the largest aluminium hydroxide supplier in the Middle East, comprising X% of total exports. The second position in the ranking was taken by Israel ($X), with a X% share of total exports.

In the United Arab Emirates, aluminium hydroxide exports increased at an average annual rate of X% over the period from 2012-2023. In the other countries, the average annual rates were as follows: Israel (X% per year) and Iran (X% per year).

Export Prices by Country

In 2023, the export price in the Middle East amounted to $X per ton, rising by X% against the previous year. In general, the export price continues to indicate a buoyant increase. The pace of growth was the most pronounced in 2020 an increase of X%. Over the period under review, the export prices reached the peak figure in 2023 and is expected to retain growth in the immediate term.

There were significant differences in the average prices amongst the major exporting countries. In 2023, amid the top suppliers, the country with the highest price was the United Arab Emirates ($X per ton), while Iran ($X per ton) was amongst the lowest.

From 2012 to 2023, the most notable rate of growth in terms of prices was attained by the United Arab Emirates (X%), while the other leaders experienced mixed trends in the export price figures.

Aluminium Hydroxide Imports

Imports in the Middle East

In 2023, imports of aluminium hydroxide in the Middle East skyrocketed to X tons, with an increase of X% on the previous year's figure. Total imports indicated a resilient expansion from 2012 to 2023: its volume increased at an average annual rate of X% over the last eleven years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. The pace of growth appeared the most rapid in 2014 when imports increased by X%. Over the period under review, imports attained the peak figure at X tons in 2019; however, from 2020 to 2023, imports failed to regain momentum.

In value terms, aluminium hydroxide imports expanded remarkably to $X in 2023. Total imports indicated a strong increase from 2012 to 2023: its value increased at an average annual rate of X% over the last eleven-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2023 figures, imports increased by X% against 2020 indices. The pace of growth appeared the most rapid in 2018 when imports increased by X% against the previous year. Over the period under review, imports hit record highs at $X in 2019; however, from 2020 to 2023, imports stood at a somewhat lower figure.

Imports by Country

Turkey dominates imports structure, amounting to X tons, which was approx. X% of total imports in 2023. Saudi Arabia (X tons) held the second position in the ranking, followed by the United Arab Emirates (X tons). All these countries together took approx. X% share of total imports. The following importers - Iran (X tons) and Lebanon (X tons) - together made up X% of total imports.

Turkey was also the fastest-growing in terms of the aluminium hydroxide imports, with a CAGR of X% from 2012 to 2023. At the same time, the United Arab Emirates (X%) and Iran (X%) displayed positive paces of growth. By contrast, Saudi Arabia (X%) and Lebanon (X%) illustrated a downward trend over the same period. From 2012 to 2023, the share of Turkey increased by X percentage points. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Turkey ($X) constitutes the largest market for imported aluminium hydroxide in the Middle East, comprising X% of total imports. The second position in the ranking was taken by the United Arab Emirates ($X), with a X% share of total imports. It was followed by Saudi Arabia, with an X% share.

From 2012 to 2023, the average annual growth rate of value in Turkey amounted to X%. In the other countries, the average annual rates were as follows: the United Arab Emirates (X% per year) and Saudi Arabia (X% per year).

Import Prices by Country

The import price in the Middle East stood at $X per ton in 2023, declining by X% against the previous year. In general, the import price recorded a slight decline. The most prominent rate of growth was recorded in 2015 an increase of X%. Over the period under review, import prices reached the maximum at $X per ton in 2012; however, from 2013 to 2023, import prices remained at a lower figure.

Prices varied noticeably by country of destination: amid the top importers, the country with the highest price was the United Arab Emirates ($X per ton), while Lebanon ($X per ton) was amongst the lowest.

From 2012 to 2023, the most notable rate of growth in terms of prices was attained by the United Arab Emirates (X%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform