Saudi Arabia's Aluminium Tubes, Pipes and Tube or Pipe Fittings Market Report 2024 - Prices, Size, Forecast, and Companies

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In 2023, the Saudi market for aluminium tubes, pipes and tube or pipe fittings decreased by X% to $X for the first time since 2016, thus ending a six-year rising trend. Overall, consumption, however, showed a buoyant expansion. Over the period under review, the market attained the peak level at $X in 2022, and then reduced in the following year.

In value terms, production of aluminium tubes, pipes and tube or pipe fittings reduced markedly to $X in 2023 estimated in export price. In general, production recorded resilient growth. The pace of growth appeared the most rapid in 2018 with an increase of X% against the previous year. Over the period under review, production of hit record highs at $X in 2022, and then reduced remarkably in the following year.

In 2023, after two years of decline, there was significant growth in shipments abroad of aluminium tubes, pipes and tube or pipe fittings, when their volume increased by X% to X tons. Over the period under review, exports saw a significant increase. The most prominent rate of growth was recorded in 2014 when exports increased by X% against the previous year. Over the period under review, the exports of hit record highs at X tons in 2020; however, from 2021 to 2023, the exports stood at a somewhat lower figure.

In value terms, exports of aluminium tubes, pipes and tube or pipe fittings skyrocketed to $X in 2023. In general, exports showed significant growth. The pace of growth was the most pronounced in 2014 with an increase of X% against the previous year. Over the period under review, the exports of reached the peak figure at $X in 2021; however, from 2022 to 2023, the exports remained at a lower figure.

Oman (X tons) was the main destination for exports of aluminium tubes, pipes and tube or pipe fittings from Saudi Arabia, with a X% share of total exports. Moreover, exports of aluminium tubes, pipes and tube or pipe fittings to Oman exceeded the volume sent to the second major destination, the United Arab Emirates (X tons), eightfold.

From 2012 to 2023, the average annual rate of growth in terms of volume to Oman stood at X%.

In value terms, Oman ($X) remains the key foreign market for aluminium tubes, pipes and tube or pipe fittings exports from Saudi Arabia, comprising X% of total exports. The second position in the ranking was taken by the United Arab Emirates ($X), with a X% share of total exports.

From 2012 to 2023, the average annual growth rate of value to Oman stood at X%.

In 2023, the average export price for aluminium tubes, pipes and tube or pipe fittings amounted to $X per ton, reducing by X% against the previous year. In general, the export price continues to indicate a mild curtailment. The most prominent rate of growth was recorded in 2022 when the average export price increased by X% against the previous year. As a result, the export price attained the peak level of $X per ton, and then declined remarkably in the following year.

Average prices varied noticeably for the major foreign markets. In 2023, amid the top suppliers, the country with the highest price was Oman ($X per ton), while the average price for exports to the United Arab Emirates amounted to $X per ton.

From 2012 to 2023, the most notable rate of growth in terms of prices was recorded for supplies to Oman (X%).

For the fourth year in a row, Saudi Arabia recorded decline in overseas purchases of aluminium tubes, pipes and tube or pipe fittings, which decreased by X% to X tons in 2023. Over the period under review, imports continue to indicate a deep contraction. The most prominent rate of growth was recorded in 2019 when imports increased by X% against the previous year. Over the period under review, imports of reached the peak figure at X tons in 2014; however, from 2015 to 2023, imports stood at a somewhat lower figure.

In value terms, imports of aluminium tubes, pipes and tube or pipe fittings reduced to $X in 2023. Overall, imports recorded a abrupt decrease. The most prominent rate of growth was recorded in 2019 when imports increased by X% against the previous year. Imports peaked at $X in 2015; however, from 2016 to 2023, imports stood at a somewhat lower figure.

In 2023, China (X tons) constituted the largest aluminium tube, pipe or pipe fitting supplier to Saudi Arabia, accounting for a X% share of total imports. Moreover, imports of aluminium tubes, pipes and tube or pipe fittings from China exceeded the figures recorded by the second-largest supplier, the United States (X tons), more than tenfold. India (X tons) ranked third in terms of total imports with a X% share.

From 2012 to 2023, the average annual growth rate of volume from China amounted to X%. The remaining supplying countries recorded the following average annual rates of imports growth: the United States (X% per year) and India (X% per year).

In value terms, China ($X) constituted the largest supplier of aluminium tubes, pipes and tube or pipe fittings to Saudi Arabia, comprising X% of total imports. The second position in the ranking was taken by the UK ($X), with a X% share of total imports. It was followed by the United States, with a X% share.

From 2012 to 2023, the average annual rate of growth in terms of value from China amounted to X%. The remaining supplying countries recorded the following average annual rates of imports growth: the UK (X% per year) and the United States (X% per year).

In 2023, the average import price for aluminium tubes, pipes and tube or pipe fittings amounted to $X per ton, declining by X% against the previous year. Over the period under review, import price indicated a tangible increase from 2012 to 2023: its price 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. Based on 2023 figures, import price for aluminium tubes, pipes and tube or pipe fittings increased by X% against 2017 indices. The most prominent rate of growth was recorded in 2022 an increase of X%. As a result, import price attained the peak level of $X per ton, and then dropped modestly in the following year.

There were significant differences in the average prices amongst the major supplying countries. In 2023, amid the top importers, the country with the highest price was the UK ($X per ton), while the price for India ($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 States (X%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

This report provides an in-depth analysis of the market for aluminium tube, pipe or pipe fitting in Saudi Arabia. Within it, you will discover the latest data on market trends and opportunities by country, consumption, production and price developments, as well as the global trade (imports and exports). The forecast exhibits the market prospects through 2030.

This report is designed for manufacturers, distributors, importers, and wholesalers, as well as for investors, consultants and advisors.

In this report, you can find information that helps you to make informed decisions on the following issues:

While doing this research, we combine the accumulated expertise of our analysts and the capabilities of artificial intelligence. The AI-based platform, developed by our data scientists, constitutes the key working tool for business analysts, empowering them to discover deep insights and ideas from the marketing data.

Making Data-Driven Decisions to Grow Your Business

A Quick Overview of Market Performance

Understanding the Current State of The Market and Its Prospects

Finding New Products to Diversify Your Business

Choosing the Best Countries to Establish Your Sustainable Supply Chain

Choosing the Best Countries to Boost Your Exports

The Latest Trends and Insights into The Industry

The Largest Import Supplying Countries

The Largest Destinations for Exports

The Largest Producers on The Market and Their Profiles

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