Kuwait: Market for Aluminium Casks, Drums, Cans, Boxes and Similar Containers 2025

Market Size for Aluminium Casks, Drums, Cans, Boxes and Similar Containers in Kuwait

The Kuwaiti market for aluminium casks, drums, cans, boxes and similar containers rose sharply to $X in 2022, growing by 13% against the previous year. Overall, the total consumption indicated a pronounced increase from 2012 to 2022: its value increased at an average annual rate of +3.6% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, consumption decreased by -2.1% against 2020 indices. Consumption of peaked at $X in 2020; however, from 2021 to 2022, consumption failed to regain momentum.

Production of Aluminium Casks, Drums, Cans, Boxes and Similar Containers in Kuwait

In value terms, production of aluminium casks, drums, cans, boxes and similar containers expanded significantly to $X in 2022 estimated in export price. In general, production saw a strong increase. The growth pace was the most rapid in 2015 when the production volume increased by 149% against the previous year. Production of peaked at $X in 2020; however, from 2021 to 2022, production remained at a lower figure.

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

Exports from Kuwait

In 2022, approx. X units of aluminium casks, drums, cans, boxes and similar containers were exported from Kuwait; with a decrease of -37.6% on the previous year's figure. Over the period under review, exports, however, recorded a significant expansion. The most prominent rate of growth was recorded in 2018 when exports increased by 467% against the previous year. Over the period under review, the exports of reached the peak figure at X units in 2021, and then declined remarkably in the following year.

In value terms, exports of aluminium casks, drums, cans, boxes and similar containers reduced markedly to $X in 2022. Overall, exports, however, saw significant growth. The growth pace was the most rapid in 2018 when exports increased by 466% against the previous year. Over the period under review, the exports of attained the maximum at $X in 2021, and then fell remarkably in the following year.

Exports by Country

India (X units) was the main destination for exports of aluminium casks, drums, cans, boxes and similar containers from Kuwait, accounting for a 75% share of total exports. Moreover, exports of aluminium casks, drums, cans, boxes and similar containers to India exceeded the volume sent to the second major destination, Germany (X units), ninefold.

From 2012 to 2022, the average annual growth rate of volume to India was relatively modest. Exports to the other major destinations recorded the following average annual rates of exports growth: Germany (+126.7% per year) and the Netherlands (+186.4% per year).

From 2012 to 2022, the average annual rate of growth in terms of value to India was relatively modest. Exports to the other major destinations recorded the following average annual rates of exports growth: Germany (+124.9% per year) and the Netherlands (+127.2% 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, leveling off at the previous year. Overall, export price indicated a tangible increase from 2012 to 2022: its price increased at an average annual rate of +2.8% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, export price for aluminium casks, drums, cans, boxes and similar containers increased by +27.3% against 2019 indices. The most prominent rate of growth was recorded in 2017 when the average export price increased by 31% against the previous year. The export price peaked in 2022 and is likely to see gradual growth in the near future.

Average prices varied noticeably for the major overseas markets. In 2022, amid the top suppliers, the country with the highest price was India ($X per unit), while the average price for exports to the Netherlands ($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 Lebanon (+6.6%), while the prices for the other major destinations experienced a decline.

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

Imports into Kuwait

In 2022, imports of aluminium casks, drums, cans, boxes and similar containers into Kuwait shrank to X units, declining by -3.1% compared with 2021. Overall, imports continue to indicate a abrupt decrease. The pace of growth appeared the most rapid in 2014 when imports increased by 23% against the previous year. As a result, imports reached the peak of X units. From 2015 to 2022, the growth of imports of failed to regain momentum.

In value terms, imports of aluminium casks, drums, cans, boxes and similar containers rose slightly to $X in 2022. In general, imports recorded a pronounced descent. The most prominent rate of growth was recorded in 2016 when imports increased by 40% against the previous year. As a result, imports attained the peak of $X. From 2017 to 2022, the growth of imports of failed to regain momentum.

Imports by Country

China (X units), India (X units) and Jordan (X units) were the main suppliers of imports of aluminium casks, drums, cans, boxes and similar containers to Kuwait, together comprising 84% of total imports. The United States and Italy lagged somewhat behind, together accounting for a further 6%.

From 2012 to 2022, the biggest increases were recorded for Italy (with a CAGR of +59.0%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, China ($X) constituted the largest supplier of aluminium casks, drums, cans, boxes and similar containers to Kuwait, comprising 40% of total imports. The second position in the ranking was taken by India ($X), with a 17% share of total imports. It was followed by Jordan, with a 6.2% share.

From 2012 to 2022, the average annual growth rate of value from China stood at +28.2%. The remaining supplying countries recorded the following average annual rates of imports growth: India (-7.7% per year) and Jordan (-17.0% per year).

Import Prices by Country

In 2022, the average import price for aluminium casks, drums, cans, boxes and similar containers amounted to $X per unit, picking up by 6.4% against the previous year. Overall, the import price showed a buoyant expansion. The pace of growth was the most pronounced in 2019 when the average import price increased by 116% against the previous year. The import price peaked at $X per unit in 2020; however, from 2021 to 2022, import prices remained at a lower figure.

There were significant differences in the average prices amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was Italy ($X per unit), while the price for India ($X per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Saudi Arabia (+10.4%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform