Price for Aluminium Plates, Sheets and Strip of Thickness Exceeding 0.2 Mm in Kuwait - 2022
Contents:
- Price for Aluminium Plates, Sheets and Strip of Thickness Exceeding 0.2 Mm in Kuwait (CIF) - 2022
- Price for Aluminium Plates, Sheets and Strip of Thickness Exceeding 0.2 Mm in Kuwait (FOB) - 2022
- Imports of Aluminium Plates, Sheets and Strip of Thickness Exceeding 0.2 Mm in Kuwait
- Exports of Aluminium Plates, Sheets and Strip of Thickness Exceeding 0.2 Mm in Kuwait
Price for Aluminium Plates, Sheets and Strip of Thickness Exceeding 0.2 Mm in Kuwait (CIF) - 2022
The average import price for aluminium plates, sheets and strip of thickness exceeding 0.2 mms stood at $5,112 per ton in December 2022, therefore, remained relatively stable against the previous month. Over the period under review, the import price showed a relatively flat trend pattern. The growth pace was the most rapid in October 2022 an increase of 2.2% month-to-month. As a result, import price reached the peak level of $5,112 per ton; afterwards, it flattened through to December 2022.
Average prices varied noticeably amongst the major supplying countries. In December 2022, the highest price was recorded for prices from Saudi Arabia ($5,177 per ton) and South Korea ($5,154 per ton), while the price for Norway ($4,726 per ton) and China ($5,057 per ton) were amongst the lowest.
From January 2022 to December 2022, the most notable rate of growth in terms of prices was attained by the United Arab Emirates (+0.2%), while the prices for the other major suppliers experienced more modest paces of growth.
Price for Aluminium Plates, Sheets and Strip of Thickness Exceeding 0.2 Mm in Kuwait (FOB) - 2022
The average export price for aluminium plates, sheets and strip of thickness exceeding 0.2 mms stood at $4,865 per ton in 2022, surging by 7.1% against the previous year. Over the last decade, it increased at an average annual rate of +4.3%. The pace of growth was the most pronounced in 2014 an increase of 37%. The export price peaked in 2022 and is expected to retain growth in the near future.
There were significant differences in the average prices for the major export markets. In 2022, amid the top suppliers, the country with the highest price was Qatar ($5,755 per ton), while the average price for exports to Germany ($1,020 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 Egypt (+8.3%), while the prices for the other major destinations experienced more modest paces of growth.
Imports of Aluminium Plates, Sheets and Strip of Thickness Exceeding 0.2 Mm in Kuwait
In 2022, the amount of aluminium plates, sheets and strip of thickness exceeding 0.2 mms imported into Kuwait reached 24K tons, increasing by 13% on 2021. Over the period under review, imports, however, recorded a deep contraction. The pace of growth was the most pronounced in 2021 with an increase of 48%.
In value terms, imports of aluminium plates, sheets and strip of thickness exceeding 0.2 mms skyrocketed to $91M in 2022. Overall, imports enjoyed a tangible expansion. The most prominent rate of growth was recorded in 2021 when imports increased by 72%. Imports peaked in 2022 and are likely to see gradual growth in years to come.
| Import of Aluminium Plates, Sheets and Strip of Thickness Exceeding 0.2 Mm in Kuwait (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| China | 26.8 | 11.8 | 34.5 | 38.5 | 12.8% |
| Saudi Arabia | 3.2 | 3.7 | 7.1 | 16.6 | 73.1% |
| United Arab Emirates | 23.0 | 12.4 | 12.9 | 15.5 | -12.3% |
| South Korea | 10.4 | 7.2 | 8.2 | 12.5 | 6.3% |
| India | 6.7 | 1.1 | 2.3 | 1.4 | -40.7% |
| United States | 1.8 | 1.0 | 1.0 | 1.2 | -12.6% |
| Others | 12.0 | 4.3 | 5.5 | 5.5 | -22.9% |
| Total | 83.9 | 41.6 | 71.5 | 91.1 | 2.8% |
Top Suppliers of Aluminium Plates, Sheets and Strip of Thickness Exceeding 0.2 Mm to Kuwait in 2022:
- China (12.1K tons)
- Saudi Arabia (3.8K tons)
- United Arab Emirates (3.2K tons)
- South Korea (2.5K tons)
- United States (0.4K tons)
- India (0.3K tons)
Exports of Aluminium Plates, Sheets and Strip of Thickness Exceeding 0.2 Mm in Kuwait
In 2022, exports of aluminium plates, sheets and strip of thickness exceeding 0.2 mms from Kuwait surged to 144 tons, jumping by 31% compared with the previous year. Overall, exports, however, saw a sharp descent. The pace of growth appeared the most rapid in 2021 when exports increased by 126%.
In value terms, exports of aluminium plates, sheets and strip of thickness exceeding 0.2 mms surged to $701K in 2022. Over the period under review, exports, however, saw a dramatic slump. The pace of growth appeared the most rapid in 2021 with an increase of 175%.
| Export of Aluminium Plates, Sheets and Strip of Thickness Exceeding 0.2 Mm in Kuwait (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Saudi Arabia | 477 | 67.8 | 197 | 169 | -29.2% |
| Jordan | 132 | 16.4 | 117 | 169 | 8.6% |
| United Arab Emirates | 754 | 71.3 | 13.8 | 163 | -40.0% |
| Tunisia | 11.2 | 6.4 | 40.7 | 77.2 | 90.3% |
| Egypt | 91.2 | 4.6 | 86.7 | 55.2 | -15.4% |
| Bahrain | 16.9 | 2.9 | 10.1 | 13.5 | -7.2% |
| Germany | 3.6 | 0.7 | 3.0 | 4.8 | 10.1% |
| Japan | 30.3 | N/A | N/A | N/A | 0% |
| Others | 88.3 | 12.1 | 32.8 | 49.4 | -17.6% |
| Total | 1,605 | 182 | 501 | 701 | -24.1% |
Top Export Markets for Aluminium Plates, Sheets and Strip of Thickness Exceeding 0.2 Mm from Kuwait in 2022:
- Jordan (38.1 tons)
- Saudi Arabia (31.4 tons)
- United Arab Emirates (29.1 tons)
- Tunisia (13.4 tons)
- Egypt (9.6 tons)
- Bahrain (6.7 tons)
- Germany (4.7 tons)
225
This report provides an in-depth analysis of the market for aluminium plate, sheet and strip of thickness over 0.2 mm in Kuwait.
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This report provides an in-depth analysis of the market for aluminium alloy plate, sheet and strip of thickness over 0.2 mm in Kuwait.
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This report provides an in-depth analysis of the global market for aluminium plate, sheet and strip of thickness over 0.2 mm.
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This report provides an in-depth analysis of the global market for aluminium alloy plate, sheet and strip of thickness over 0.2 mm.
225
This report provides an in-depth analysis of the market for aluminium plate, sheet and strip of thickness over 0.2 mm in Kuwait.
278
This report provides an in-depth analysis of the market for aluminium alloy plate, sheet and strip of thickness over 0.2 mm in Kuwait.
255
This report provides an in-depth analysis of the global market for aluminium plate, sheet and strip of thickness over 0.2 mm.
274
This report provides an in-depth analysis of the global market for aluminium alloy plate, sheet and strip of thickness over 0.2 mm.
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