Aluminum production in Saudi Arabia has shown a significant year-on-year increase in recent years, standing at 957 thousand metric tons in 2023, up by 3.91% from 2022. From 2018 to 2023, the compound annual growth rate (CAGR) averaged around 3.6%. The most notable year for growth was 2014, with a remarkable 254.01% increase over the prior year. The last two years have seen stable increases, with 4.19% in 2022 and 3.91% in 2023, indicating steady growth momentum.
Future data forecasts suggest a continued but modest growth trend, with 2.57% CAGR projected from 2024 to 2028, resulting in a total 13.51% increase over this period. By 2028, production is forecasted to reach approximately 1130 thousand metric tons.
Future trends to watch for include technological advancements in aluminum production, increased demand from expanding industries in the region, and the impact of global aluminum market dynamics. Continuous governmental support and investment in the sector will likely play a pivotal role in sustaining growth.
