Price for Aluminium; Alloys, Bars, Rods and Profiles, Other than Hollow in Kuwait - 2022
Contents:
- Price for Aluminium; Alloys, Bars, Rods and Profiles, Other than Hollow in Kuwait (CIF) - 2022
- Price for Aluminium; Alloys, Bars, Rods and Profiles, Other than Hollow in Kuwait (FOB) - 2022
- Imports of Aluminium; Alloys, Bars, Rods and Profiles, Other than Hollow in Kuwait
- Exports of Aluminium; Alloys, Bars, Rods and Profiles, Other than Hollow in Kuwait
Price for Aluminium; Alloys, Bars, Rods and Profiles, Other than Hollow in Kuwait (CIF) - 2022
In 2022, the average import price for aluminium; alloys, bars, rods and profiles, other than hollows amounted to $4,438 per ton, surging by 31% against the previous year. In general, import price indicated a measured increase from 2012 to 2022: its price increased at an average annual rate of +4.3% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, import price for aluminium; alloys, bars, rods and profiles, other than hollows increased by +77.4% against 2016 indices. As a result, import price reached the peak level and is likely to continue growth in the immediate term.
Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was the United Arab Emirates ($4,621 per ton), while the price for Bahrain ($2,736 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by the United Arab Emirates (+4.2%), while the prices for the other major suppliers experienced more modest paces of growth.
Price for Aluminium; Alloys, Bars, Rods and Profiles, Other than Hollow in Kuwait (FOB) - 2022
In 2022, the average export price for aluminium; alloys, bars, rods and profiles, other than hollows amounted to $3,984 per ton, with an increase of 33% against the previous year. In general, the export price, however, continues to indicate a mild setback. Over the period under review, the average export prices attained the peak figure at $5,096 per ton in 2014; however, from 2015 to 2022, the export prices remained at a lower figure.
There were significant differences in the average prices for the major export markets. In 2022, amid the top suppliers, the country with the highest price was Bahrain ($4,296 per ton), while the average price for exports to Spain ($923 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 (+4.2%), while the prices for the other major destinations experienced more modest paces of growth.
Imports of Aluminium; Alloys, Bars, Rods and Profiles, Other than Hollow in Kuwait
Imports of aluminium; alloys, bars, rods and profiles, other than hollows into Kuwait reduced markedly to 5.3K tons in 2022, with a decrease of -48.1% against the year before. In general, imports continue to indicate a abrupt setback. The most prominent rate of growth was recorded in 2021 with an increase of 124% against the previous year. As a result, imports reached the peak of 10K tons, and then fell remarkably in the following year.
In value terms, imports of aluminium; alloys, bars, rods and profiles, other than hollows fell notably to $23M in 2022. Overall, imports, however, showed a strong expansion. The most prominent rate of growth was recorded in 2021 when imports increased by 160% against the previous year. As a result, imports attained the peak of $34M, and then fell significantly in the following year.
| Import of Aluminium; Alloys, Bars, Rods and Profiles, Other than Hollow in Kuwait (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Saudi Arabia | 1.5 | 4.0 | 13.6 | 10.9 | 93.7% |
| United Arab Emirates | 5.7 | 1.9 | 11.3 | 6.4 | 3.9% |
| China | 3.4 | 2.7 | 2.1 | 1.9 | -17.6% |
| Bahrain | 0.4 | 0.5 | 2.6 | 1.2 | 44.2% |
| Turkey | 1.3 | 1.0 | 1.7 | 1.2 | -2.6% |
| India | 0.8 | 0.6 | 0.8 | 0.4 | -20.6% |
| Italy | 1.0 | 0.5 | 0.3 | 0.1 | -53.6% |
| Others | 4.3 | 2.0 | 1.9 | 1.2 | -34.7% |
| Total | 18.4 | 13.2 | 34.3 | 23.4 | 8.3% |
Top Suppliers of Aluminium; Alloys, Bars, Rods and Profiles, Other than Hollow to Kuwait in 2022:
- Saudi Arabia (2348.2 tons)
- United Arab Emirates (1385.7 tons)
- Bahrain (421.6 tons)
- China (418.3 tons)
- Turkey (266.4 tons)
- India (88.9 tons)
- Italy (30.9 tons)
Exports of Aluminium; Alloys, Bars, Rods and Profiles, Other than Hollow in Kuwait
Exports of aluminium; alloys, bars, rods and profiles, other than hollows from Kuwait dropped sharply to 293 tons in 2022, declining by -66.4% against the previous year's figure. Overall, exports saw a sharp shrinkage. The smallest decline of -1.2% was in 2020.
In value terms, exports of aluminium; alloys, bars, rods and profiles, other than hollows shrank notably to $1.2M in 2022. In general, exports recorded a precipitous decline. The smallest decline of -13.3% was in 2020.
| Export of Aluminium; Alloys, Bars, Rods and Profiles, Other than Hollow in Kuwait (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Bahrain | 891 | 672 | 641 | 532 | -15.8% |
| Saudi Arabia | 1,998 | 1,990 | 1,530 | 416 | -40.7% |
| Qatar | 182 | 51.6 | 80.6 | 69.6 | -27.4% |
| Egypt | 41.3 | 5.4 | 53.3 | 28.4 | -11.7% |
| China | 3.3 | 14.8 | 14.4 | 7.5 | 31.5% |
| Jordan | 122 | 69.5 | 16.1 | 5.5 | -64.4% |
| Spain | 15.9 | 13.3 | 10.7 | 4.7 | -33.4% |
| Others | 328 | 287 | 274 | 105 | -31.6% |
| Total | 3,580 | 3,103 | 2,620 | 1,169 | -31.1% |
Top Export Markets for Aluminium; Alloys, Bars, Rods and Profiles, Other than Hollow from Kuwait in 2022:
- Bahrain (123.8 tons)
- Saudi Arabia (96.9 tons)
- Qatar (38.0 tons)
- Egypt (8.7 tons)
- Spain (5.1 tons)
- China (5.0 tons)
- Jordan (1.3 tons)
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