According to foreign media reports on January 3rd, the aluminum market in the Middle East is showing strong growth momentum and is expected to achieve significant expansion in the coming years. According to predictions, the valuation of the Middle East aluminum market is expected to reach $16.68 billion by 2030, driven by a sustained compound annual growth rate of 5% since 2024. At present, the value of the Middle East aluminum market is $11.33 billion, demonstrating a strong growth foundation and potential.

 
Although China still dominates global aluminum production, the aluminum industry in the Middle East is also rapidly developing. Data shows that China’s aluminum production in 2024 (January to November) is estimated to be 39.653 million tons, accounting for nearly 60% of the global total production. However, as an organization composed of multiple Middle Eastern aluminum trading countries, the Gulf Cooperation Council (GCC) has consolidated its position as the second largest aluminum producer. The aluminum production of GCC is 5.726 million tons, demonstrating the region’s strength and competitiveness in the aluminum industry.

In addition to GCC, other major contributors are also driving the development of the global aluminum industry. The aluminum production in Asia (excluding China) is 4.403 million tons, the production in North America is 3.646 million tons, and the total production in Russia and Eastern Europe is 3.808 million tons. The aluminum industry in these regions is also constantly developing and growing, making important contributions to the prosperity of the global aluminum market.

 
The growth of the Middle East aluminum market is attributed to a combination of multiple factors. On the one hand, the region has abundant bauxite resources, providing a solid foundation for the development of the aluminum industry. On the other hand, the aluminum industry in the Middle East is constantly improving its technological level and production efficiency to meet the growing market demand. In addition, the support of government policies and the strengthening of international cooperation have provided strong guarantees for the development of the Middle East aluminum market.