In 2023, Oman’s aluminum production stood at 429.0 thousand metric tons, reflecting a significant turnaround from the steep decline observed in 2017. Over the past two years, the production has seen a steady increase, with a year-on-year variation of 2.63% and an average annual growth rate (CAGR) of 2.46% over the last five years. This positive trend is forecasted to continue, with production expected to reach 480.0 thousand metric tons by 2028. The forecasted 5-year CAGR is 1.76%, indicating consistent moderate growth. Future trends to watch for include potential technological advancements in production processes, potential market expansions, and policy changes that could impact production rates.
