Price for Aluminium; Tubes and Pipes in Kuwait - 2021

Contents:

1. Price for Aluminium; Tubes and Pipes in Kuwait (CIF) - 2022
2. Price for Aluminium; Tubes and Pipes in Kuwait (FOB) - 2022
3. Imports of Aluminium; Tubes and Pipes in Kuwait
4. Exports of Aluminium; Tubes and Pipes in Kuwait

Price for Aluminium; Tubes and Pipes in Kuwait (CIF) - 2022

The average aluminium; tubes and pipes import price stood at $3,422 per ton in 2022, with a decrease of -19.6% against the previous year. In general, the import price, however, continues to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in 2021 an increase of 29% against the previous year. As a result, import price reached the peak level of $4,255 per ton, and then dropped remarkably in the following year.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was the UK ($17,307 per ton), while the price for Bahrain ($545 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 (+10.9%), while the prices for the other major suppliers experienced more modest paces of growth.

Price for Aluminium; Tubes and Pipes in Kuwait (FOB) - 2022

In 2022, the average aluminium; tubes and pipes export price amounted to $3,926 per ton, shrinking by -20.8% against the previous year. Overall, the export price recorded a deep downturn. The pace of growth appeared the most rapid in 2019 when the average export price increased by 42%. Over the period under review, the average export prices attained the maximum at $11,943 per ton in 2013; however, from 2014 to 2022, the export prices remained at a lower figure.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Qatar ($10,259 per ton), while the average price for exports to Saudi Arabia ($3,463 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 Lebanon (+12.3%), while the prices for the other major destinations experienced a decline.

Imports of Aluminium; Tubes and Pipes in Kuwait

In 2022, aluminium; tubes and pipes imports into Kuwait soared to 224 tons, jumping by 112% compared with the year before. Overall, imports, however, saw a abrupt shrinkage.

In value terms, aluminium; tubes and pipes imports soared to $765K in 2022. In general, imports, however, saw a abrupt descent.

Top Suppliers of Aluminium; Tubes and Pipes to Kuwait in 2022:

1. China (156.6 tons)
2. Bahrain (20.6 tons)
3. Turkey (18.8 tons)
4. India (8.7 tons)
5. United Arab Emirates (4.2 tons)
6. Italy (4.1 tons)
7. United Kingdom (2.2 tons)
8. United States (1.7 tons)
9. Saudi Arabia (0.9 tons)
10. Germany (0.7 tons)

Exports of Aluminium; Tubes and Pipes in Kuwait

After three years of growth, shipments abroad of aluminium; tubes and pipeses decreased by -29.5% to 56 tons in 2022. Overall, exports, however, recorded significant growth. The most prominent rate of growth was recorded in 2021 with an increase of 1,390%. As a result, the exports attained the peak of 79 tons, and then contracted sharply in the following year.

In value terms, aluminium; tubes and pipes exports dropped markedly to $220K in 2022. Over the period under review, exports, however, recorded a significant increase. The growth pace was the most rapid in 2021 with an increase of 763% against the previous year. As a result, the exports reached the peak of $394K, and then dropped markedly in the following year.

Top Export Markets for Aluminium; Tubes and Pipes from Kuwait in 2022:

1. Saudi Arabia (50.7 tons)
2. Lebanon (2.5 tons)
3. India (1.0 tons)
4. Qatar (1.0 tons)

Source: IndexBox Market Intelligence Platform