Aluminium Wire Price in Kuwait - 2021
Contents:
- Aluminium Wire Price in Kuwait (CIF) - 2022
- Aluminium Wire Price in Kuwait (FOB) - 2022
- Aluminium Wire Imports in Kuwait
- Aluminium Wire Exports in Kuwait
Aluminium Wire Price in Kuwait (CIF) - 2022
The average aluminium wire import price stood at $2,609 per ton in 2022, with a decrease of -11.9% against the previous year. Over the period under review, the import price recorded a relatively flat trend pattern. The most prominent rate of growth was recorded in 2016 when the average import price increased by 31%. Over the period under review, average import prices reached the peak figure at $3,339 per ton in 2018; however, from 2019 to 2022, import prices stood at a somewhat lower figure.
Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Saudi Arabia ($3,283 per ton), while the price for the United Arab Emirates ($1,971 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Saudi Arabia (+7.2%), while the prices for the other major suppliers experienced a decline.
Aluminium Wire Price in Kuwait (FOB) - 2022
The average aluminium wire export price stood at $1,258 per ton in 2022, rising by 10% against the previous year. Over the period under review, the export price, however, showed a abrupt downturn. The pace of growth was the most pronounced in 2018 an increase of 91% against the previous year. As a result, the export price attained the peak level of $3,130 per ton. From 2019 to 2022, the average export prices failed to regain momentum.
There were significant differences in the average prices for the major external markets. In 2022, amid the top suppliers, the country with the highest price was Bahrain ($7,265 per ton), while the average price for exports to Pakistan ($499 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Bahrain (+10.7%), while the prices for the other major destinations experienced mixed trend patterns.
Aluminium Wire Imports in Kuwait
In 2022, approx. 6.2K tons of aluminium wires were imported into Kuwait; picking up by 111% on the year before. In general, imports showed slight growth.
In value terms, aluminium wire imports skyrocketed to $16M in 2022. Over the period under review, imports, however, recorded a noticeable setback.
| Import of Aluminium Wire in Kuwait (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Saudi Arabia | 9.2 | 10.5 | 4.2 | 8.9 | -1.1% |
| United Arab Emirates | 5.1 | 11.0 | 3.2 | 5.5 | 2.5% |
| Bahrain | 3.0 | 1.8 | 0.9 | 1.4 | -22.4% |
| Others | 0.4 | 0.3 | 0.4 | 0.3 | -9.1% |
| Total | 17.6 | 23.6 | 8.7 | 16.2 | -2.7% |
Top Suppliers of Aluminium Wire to Kuwait in 2022:
- United Arab Emirates (2.8K tons)
- Saudi Arabia (2.7K tons)
- Bahrain (0.6K tons)
Aluminium Wire Exports in Kuwait
Aluminium wire exports from Kuwait contracted to 113 tons in 2022, waning by -13.6% on the year before. In general, exports showed a abrupt contraction. The growth pace was the most rapid in 2021 with an increase of 98%.
In value terms, aluminium wire exports reduced modestly to $142K in 2022. Overall, exports continue to indicate a dramatic setback. The growth pace was the most rapid in 2021 with an increase of 11%.
| Export of Aluminium Wire in Kuwait (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Saudi Arabia | 81.7 | 5.8 | 9.3 | 42.3 | -19.7% |
| Bahrain | 175 | 40.8 | 8.7 | 40.9 | -38.4% |
| Pakistan | 97.3 | 21.4 | 8.3 | 37.8 | -27.0% |
| Jordan | 65.9 | 3.5 | 1.6 | 8.2 | -50.1% |
| United Arab Emirates | 1.2 | 5.4 | 1.3 | 7.3 | 82.5% |
| Oman | 1.6 | 0.9 | 1.2 | 5.3 | 49.1% |
| India | N/A | 54.2 | 114 | N/A | 110.3% |
| Others | 48.8 | 2.5 | 5.5 | 0.3 | -81.7% |
| Total | 471 | 135 | 149 | 142 | -32.9% |
Top Export Markets for Aluminium Wire from Kuwait in 2022:
- Pakistan (75.7 tons)
- Saudi Arabia (22.4 tons)
- Bahrain (5.6 tons)
- Oman (4.4 tons)
- Jordan (2.2 tons)
- United Arab Emirates (2.1 tons)
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