United Arab Emirates: Market for Aluminium Casks, Drums, Cans, Boxes and Similar Containers 2024

Market Size for Aluminium Casks, Drums, Cans, Boxes and Similar Containers in the United Arab Emirates

In 2022, the market for aluminium casks, drums, cans, boxes and similar containers in the United Arab Emirates decreased by X% to $X, falling for the fourth year in a row after seven years of growth. Overall, consumption, however, recorded a prominent expansion. Consumption of peaked at $X in 2018; however, from 2019 to 2022, consumption stood at a somewhat lower figure.

Production of Aluminium Casks, Drums, Cans, Boxes and Similar Containers in the United Arab Emirates

In value terms, production of aluminium casks, drums, cans, boxes and similar containers shrank modestly to $X in 2022 estimated in export price. Over the period under review, production, however, posted a resilient increase. The most prominent rate of growth was recorded in 2017 with an increase of X% against the previous year. Production of peaked at $X in 2019; however, from 2020 to 2022, production stood at a somewhat lower figure.

Exports of Aluminium Casks, Drums, Cans, Boxes and Similar Containers

Exports from the United Arab Emirates

For the fourth consecutive year, the United Arab Emirates recorded growth in shipments abroad of aluminium casks, drums, cans, boxes and similar containers, which increased by X% to X units in 2022. In general, exports continue to indicate a prominent increase. The pace of growth appeared the most rapid in 2013 with an increase of X% against the previous year. The exports peaked in 2022 and are likely to see gradual growth in the near future.

In value terms, exports of aluminium casks, drums, cans, boxes and similar containers skyrocketed to $X in 2022. Over the period under review, exports showed buoyant growth. The pace of growth appeared the most rapid in 2013 with an increase of X%. Over the period under review, the exports of attained the maximum in 2022 and are likely to continue growth in years to come.

Exports by Country

The United States (X units), Oman (X units) and Afghanistan (X units) were the main destinations of exports of aluminium casks, drums, cans, boxes and similar containers from the United Arab Emirates, together accounting for X% of total exports.

From 2012 to 2022, the biggest increases were recorded for the United States (with a CAGR of X.7%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, the United States ($X) remains the key foreign market for aluminium casks, drums, cans, boxes and similar containers exports from the United Arab Emirates, comprising X% of total exports. The second position in the ranking was taken by Oman ($X), with an X% share of total exports. It was followed by Canada, with a X% share.

From 2012 to 2022, the average annual growth rate of value to the United States stood at X.8%. Exports to the other major destinations recorded the following average annual rates of exports growth: Oman (X% per year) and Canada (X% per year).

Export Prices by Country

The average export price for aluminium casks, drums, cans, boxes and similar containers stood at $X per unit in 2022, with an increase of X% against the previous year. Over the period from 2012 to 2022, it increased at an average annual rate of X%. The pace of growth appeared the most rapid in 2015 when the average export price increased by X% against the previous year. Over the period under review, the average export prices hit record highs in 2022 and is likely to see gradual growth in years to come.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was the United States ($X per unit), while the average price for exports to Oman ($X per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Sierra Leone (X%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Aluminium Casks, Drums, Cans, Boxes and Similar Containers

Imports into the United Arab Emirates

In 2022, supplies from abroad of aluminium casks, drums, cans, boxes and similar containers increased by X% to X units, rising for the second consecutive year after four years of decline. In general, imports continue to indicate notable growth. The most prominent rate of growth was recorded in 2014 with an increase of X%. Imports peaked at X units in 2016; however, from 2017 to 2022, imports stood at a somewhat lower figure.

In value terms, imports of aluminium casks, drums, cans, boxes and similar containers surged to $X in 2022. Overall, imports, however, showed a relatively flat trend pattern. The pace of growth appeared the most rapid in 2014 when imports increased by X%. Over the period under review, imports of hit record highs at $X in 2017; however, from 2018 to 2022, imports failed to regain momentum.

Imports by Country

In 2022, Saudi Arabia (X units) constituted the largest aluminium cask, drum, can, box and similar container supplier to the United Arab Emirates, accounting for a X% share of total imports. Moreover, imports of aluminium casks, drums, cans, boxes and similar containers from Saudi Arabia exceeded the figures recorded by the second-largest supplier, India (X units), threefold. China (X units) ranked third in terms of total imports with a X% share.

From 2012 to 2022, the average annual growth rate of volume from Saudi Arabia stood at X%. The remaining supplying countries recorded the following average annual rates of imports growth: India (X% per year) and China (X% per year).

In value terms, Saudi Arabia ($X), India ($X) and China ($X) constituted the largest aluminium cask, drum, can, box and similar container suppliers to the United Arab Emirates, with a combined X% share of total imports. Sri Lanka, Turkey, Kuwait, Indonesia and South Africa lagged somewhat behind, together comprising a further X%.

Sri Lanka, with a CAGR of X%, recorded the highest growth rate of the value of imports, among the main suppliers over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

In 2022, the average import price for aluminium casks, drums, cans, boxes and similar containers amounted to $X per unit, with a decrease of X% against the previous year. Overall, the import price recorded a noticeable shrinkage. The most prominent rate of growth was recorded in 2017 an increase of X%. The import price peaked at $X per unit in 2013; however, from 2014 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 India ($X per unit), while the price for Kuwait (less than $X per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Sri Lanka (X%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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