Price for Aluminium Oxide (Including Artificial Corundum); Aluminium Hydroxide in Kuwait - 2022
Contents:
- Price for Aluminium Oxide (Including Artificial Corundum); Aluminium Hydroxide in Kuwait (CIF) - 2022
- Price for Aluminium Oxide (Including Artificial Corundum); Aluminium Hydroxide in Kuwait (FOB) - 2022
- Imports of Aluminium Oxide (Including Artificial Corundum); Aluminium Hydroxide in Kuwait
- Exports of Aluminium Oxide (Including Artificial Corundum); Aluminium Hydroxide in Kuwait
Price for Aluminium Oxide (Including Artificial Corundum); Aluminium Hydroxide in Kuwait (CIF) - 2022
The average import price for aluminium oxide (including artificial corundum); aluminium hydroxide stood at $1,404 per ton in December 2022, picking up by 4.2% against the previous month. Overall, the import price, however, continues to indicate a perceptible decrease. The most prominent rate of growth was recorded in August 2022 when the average import price increased by 6.4% month-to-month. The import price peaked at $1,846 per ton in December 2021; however, from January 2022 to December 2022, import prices remained at a lower figure.
Average prices varied somewhat amongst the major supplying countries. In December 2022, the country with the highest price was the United States ($1,415 per ton), while the price for Germany ($976 per ton) was amongst the lowest.
From December 2021 to December 2022, the most notable rate of growth in terms of prices was attained by France (0.0%), while the prices for the other major suppliers experienced a decline.
Price for Aluminium Oxide (Including Artificial Corundum); Aluminium Hydroxide in Kuwait (FOB) - 2022
In August 2022, the average export price for aluminium oxide (including artificial corundum); aluminium hydroxide amounted to $1,166 per ton, remaining stable against the previous month. Overall, the export price showed a noticeable slump. As a result, the export price reached the peak level of $1,445 per ton. From December 2021 to August 2022, the the average export prices remained at a somewhat lower figure.
As there is only one major export destination, the average price level is determined by prices for the United Arab Emirates.
From November 2021 to August 2022, the rate of growth in terms of prices for the United Arab Emirates amounted to -2.4% per month.
Imports of Aluminium Oxide (Including Artificial Corundum); Aluminium Hydroxide in Kuwait
Imports of aluminium oxide (including artificial corundum); aluminium hydroxide into Kuwait declined remarkably to 5K tons in 2022, reducing by -34.7% compared with 2021 figures. In general, imports showed a dramatic downturn. The most prominent rate of growth was recorded in 2021 when imports increased by 5.6% against the previous year.
In value terms, imports of aluminium oxide (including artificial corundum); aluminium hydroxide contracted dramatically to $9.5M in 2022. Overall, imports recorded a abrupt setback. The most prominent rate of growth was recorded in 2021 with an increase of 25% against the previous year.
| Import of Aluminium Oxide (Including Artificial Corundum); Aluminium Hydroxide in Kuwait (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| United States | 12.8 | 8.9 | 11.6 | 7.3 | -17.1% |
| Netherlands | 0.8 | 1.0 | 0.1 | 1.1 | 11.2% |
| United Arab Emirates | N/A | N/A | 0.8 | 0.7 | -12.5% |
| Others | 1.5 | 0.3 | 0.4 | 0.5 | -30.7% |
| Total | 15.0 | 10.3 | 12.9 | 9.5 | -14.1% |
Top Suppliers of Aluminium Oxide (Including Artificial Corundum); Aluminium Hydroxide to Kuwait in 2022:
- United States (4.2K tons)
- United Arab Emirates (0.4K tons)
- Netherlands (0.2K tons)
Exports of Aluminium Oxide (Including Artificial Corundum); Aluminium Hydroxide in Kuwait
Exports of aluminium oxide (including artificial corundum); aluminium hydroxide from Kuwait surged to 825 tons in 2022, rising by 35% on the previous year's figure. Over the period under review, exports posted a significant expansion. The pace of growth was the most pronounced in 2020 with an increase of 3,475%. The exports peaked in 2022 and are likely to see steady growth in the near future.
In value terms, exports of aluminium oxide (including artificial corundum); aluminium hydroxide rose rapidly to $962K in 2022. In general, exports showed significant growth. The most prominent rate of growth was recorded in 2020 with an increase of 3,292%. Over the period under review, the exports of hit record highs in 2022 and are likely to see steady growth in years to come.
| Export of Aluminium Oxide (Including Artificial Corundum); Aluminium Hydroxide in Kuwait (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| United Arab Emirates | 5.5 | 209 | 603 | 667 | 395.0% |
| United States | 4.7 | 113 | 243 | 278 | 289.6% |
| India | 0.2 | 15.2 | 37.3 | 17.5 | 344.0% |
| Others | N/A | 17.6 | 0.4 | N/A | -97.7% |
| Total | 10.5 | 355 | 884 | 962 | 350.8% |
Top Export Markets for Aluminium Oxide (Including Artificial Corundum); Aluminium Hydroxide from Kuwait in 2022:
- United Arab Emirates (687.2 tons)
- United States (101.1 tons)
- India (36.9 tons)
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