Sulphates; of Aluminium Price in Kuwait - 2021
Contents:
- Sulphates; of Aluminium Price in Kuwait (CIF) - 2022
- Sulphates; of Aluminium Price in Kuwait (FOB) - 2022
- Sulphates; of Aluminium Imports in Kuwait
- Sulphates; of Aluminium Exports in Kuwait
Sulphates; of Aluminium Price in Kuwait (CIF) - 2022
The average sulphates; of aluminium import price stood at $444 per ton in 2022, dropping by -4.6% against the previous year. Over the period under review, the import price, however, posted buoyant growth. The pace of growth appeared the most rapid in 2016 when the average import price increased by 48%. As a result, import price reached the peak level of $698 per ton. From 2017 to 2022, the average import prices remained at a somewhat lower figure.
Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was the Netherlands ($640 per ton), while the price for Turkey ($194 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Hungary (+5.0%), while the prices for the other major suppliers experienced more modest paces of growth.
Sulphates; of Aluminium Price in Kuwait (FOB) - 2022
The average sulphates; of aluminium export price stood at $3,888 per ton in 2022, growing by 2.7% against the previous year. Overall, the export price saw prominent growth. The pace of growth appeared the most rapid in 2016 an increase of 62% against the previous year. Over the period under review, the average export prices attained the peak figure in 2022 and is likely to continue growth in the near future.
Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Qatar ($4,023 per ton), while the average price for exports to the United Arab Emirates ($1,755 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 Saudi Arabia (+7.6%), while the prices for the other major destinations experienced more modest paces of growth.
Sulphates; of Aluminium Imports in Kuwait
In 2022, imports of sulphates; of aluminia into Kuwait contracted sharply to 186 tons, reducing by -17.4% against the previous year. Over the period under review, imports saw a drastic downturn. The most prominent rate of growth was recorded in 2021 when imports increased by 53% against the previous year.
In value terms, sulphates; of aluminium imports fell markedly to $83K in 2022. Overall, total imports indicated mild growth from 2019 to 2022: its value increased at an average annual rate of +1.4% 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 +36.7% against 2020 indices. The pace of growth was the most pronounced in 2021 with an increase of 73%. As a result, imports attained the peak of $105K, and then declined significantly in the following year.
| Import of Sulphates; of Aluminium in Kuwait (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Germany | 28.8 | 25.5 | 40.8 | 46.3 | 17.1% |
| Hungary | 12.0 | 9.2 | 12.6 | 12.3 | 0.8% |
| India | 15.5 | 8.0 | 15.9 | 9.7 | -14.5% |
| Netherlands | 3.7 | 2.4 | 2.8 | 2.3 | -14.7% |
| United Arab Emirates | 0.2 | 0.5 | 2.1 | 2.0 | 115.4% |
| Turkey | 3.8 | 2.4 | 2.6 | 1.7 | -23.5% |
| China | 2.4 | 2.4 | 10.1 | 0.8 | -30.7% |
| Others | 12.8 | 10.2 | 18.0 | 7.6 | -16.0% |
| Total | 79.3 | 60.5 | 105 | 82.7 | 1.4% |
Top Suppliers of Sulphates; of Aluminium to Kuwait in 2022:
- Germany (98.0 tons)
- India (39.1 tons)
- Hungary (26.0 tons)
- Turkey (9.0 tons)
- United Arab Emirates (4.8 tons)
- Netherlands (3.6 tons)
- China (1.4 tons)
Sulphates; of Aluminium Exports in Kuwait
For the third consecutive year, Kuwait recorded decline in overseas shipments of sulphates; of aluminia, which decreased by -6.5% to 13 tons in 2022. Overall, exports showed a deep slump.
In value terms, sulphates; of aluminium exports reduced slightly to $49K in 2022. The total export value increased at an average annual rate of +4.5% from 2019 to 2022; however, the trend pattern remained consistent, with somewhat noticeable fluctuations being recorded in certain years. The pace of growth was the most pronounced in 2020 when exports increased by 9.4% against the previous year.
| Export of Sulphates; of Aluminium in Kuwait (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Qatar | 33.1 | 42.9 | 47.2 | 45.8 | 11.4% |
| Saudi Arabia | 1.4 | 1.5 | 1.4 | 1.1 | -7.7% |
| United Arab Emirates | 0.9 | 1.1 | 1.0 | 0.9 | 0.0% |
| Bahrain | 1.1 | 1.1 | 1.0 | 0.8 | -10.1% |
| Iraq | 6.2 | N/A | N/A | N/A | 0% |
| Others | N/A | N/A | N/A | N/A | 0% |
| Total | 42.6 | 46.6 | 50.7 | 48.7 | 4.6% |
Top Export Markets for Sulphates; of Aluminium from Kuwait in 2022:
- Qatar (11.4 tons)
- United Arab Emirates (0.5 tons)
- Bahrain (0.3 tons)
- Saudi Arabia (0.3 tons)
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