Price for Aluminium Waste and Scrap in Kuwait - 2021
Contents:
- Price for Aluminium Waste and Scrap in Kuwait (FOB) - 2021
- Price for Aluminium Waste and Scrap in Kuwait (CIF) - 2022
- Exports of Aluminium Waste and Scrap in Kuwait
- Imports of Aluminium Waste and Scrap in Kuwait
Price for Aluminium Waste and Scrap in Kuwait (FOB) - 2021
The average aluminium waste and scrap export price stood at $831 per ton in December 2021, declining by -18.5% against the previous month. Over the period under review, the export price continues to indicate a relatively flat trend pattern. The pace of growth appeared the most rapid in February 2021 when the average export price increased by 77% m-o-m. As a result, the export price attained the peak level of $1,594 per ton. From March 2021 to December 2021, the the average export prices remained at a lower figure.
Prices varied noticeably by the country of destination: the country with the highest price was the United Arab Emirates ($1,652 per ton), while the average price for exports to Pakistan ($406 per ton) was amongst the lowest.
From January 2021 to December 2021, the most notable rate of growth in terms of prices was recorded for supplies to Oman (+14.6%), while the prices for the other major destinations experienced mixed trend patterns.
Price for Aluminium Waste and Scrap in Kuwait (CIF) - 2022
In 2022, the average aluminium waste and scrap import price amounted to $2,040 per ton, shrinking by -13.6% against the previous year. Overall, the import price, however, recorded a strong expansion. The pace of growth appeared the most rapid in 2013 when the average import price increased by 147%. Over the period under review, average import prices hit record highs at $3,067 per ton in 2018; however, from 2019 to 2022, import prices failed to regain momentum.
Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was China ($2,966 per ton), while the price for the United Arab Emirates totaled $1,188 per ton.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Saudi Arabia (+56.3%), while the prices for the other major suppliers experienced mixed trend patterns.
Exports of Aluminium Waste and Scrap in Kuwait
In 2022, overseas shipments of aluminium waste and scraps were finally on the rise to reach 22K tons after two years of decline. Over the period under review, exports, however, continue to indicate a deep downturn.
In value terms, aluminium waste and scrap exports surged to $30M in 2022. In general, exports, however, faced a abrupt decrease.
| Export of Aluminium Waste and Scrap in Kuwait (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| India | 28.9 | 23.5 | 12.4 | 18.8 | -13.4% |
| Saudi Arabia | 7.7 | 3.3 | 1.9 | 2.9 | -27.8% |
| Pakistan | 6.8 | 3.7 | 0.9 | 2.1 | -32.4% |
| South Korea | 2.3 | 1.1 | 0.8 | 1.2 | -19.5% |
| United Arab Emirates | 0.5 | 0.7 | 0.6 | 1.0 | 26.0% |
| Qatar | 0.5 | 0.7 | 0.5 | 0.9 | 21.6% |
| Free Zones | 1.6 | 1.7 | 0.6 | 0.9 | -17.5% |
| Others | 5.4 | 4.4 | 3.4 | 2.2 | -25.9% |
| Total | 53.6 | 39.0 | 21.2 | 30.1 | -17.5% |
Top Export Markets for Aluminium Waste and Scrap from Kuwait in 2022:
- India (12.6K tons)
- Free Zones (2.6K tons)
- Pakistan (2.4K tons)
- Saudi Arabia (1.2K tons)
- United Arab Emirates (0.6K tons)
- South Korea (0.6K tons)
- Qatar (0.4K tons)
Imports of Aluminium Waste and Scrap in Kuwait
In 2022, approx. 7.7 tons of aluminium waste and scraps were imported into Kuwait; increasing by 3.7% compared with the previous year. The total import volume increased at an average annual rate of +5.2% over the period from 2019 to 2022; the trend pattern remained consistent, with somewhat noticeable fluctuations throughout the analyzed period. The most prominent rate of growth was recorded in 2020 with an increase of 21% against the previous year. As a result, imports attained the peak of 8 tons. From 2021 to 2022, the growth of imports remained at a somewhat lower figure.
In value terms, aluminium waste and scrap imports reduced to $16K in 2022. Overall, total imports indicated a buoyant increase from 2019 to 2022: its value increased at an average annual rate of +15.3% over the last three years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +53.3% against 2019 indices. The most prominent rate of growth was recorded in 2020 with an increase of 36% against the previous year.
| Import of Aluminium Waste and Scrap in Kuwait (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| China | 3.1 | 3.5 | 10.0 | 9.6 | 45.8% |
| United Arab Emirates | 3.3 | 8.0 | 6.1 | 5.2 | 16.4% |
| India | 1.1 | 2.0 | 0.8 | 0.8 | -10.1% |
| Singapore | 0.3 | N/A | N/A | N/A | 0% |
| Italy | 2.1 | N/A | N/A | N/A | 0% |
| Others | 0.2 | 0.3 | 0.6 | 0.1 | -20.6% |
| Total | 10.2 | 13.8 | 17.5 | 15.6 | 15.2% |
Top Suppliers of Aluminium Waste and Scrap to Kuwait in 2022:
- United Arab Emirates (4.4 tons)
- China (3.2 tons)
- India (0.1 tons)
Nothing found. Please try again.
Nothing found. Please try again.
Nothing found. Please try again.
