Kuwait: Non-Alloy Aluminium Bar Market 2025

Non-Alloy Aluminium Bar Market Size in Kuwait

The Kuwaiti non-alloy aluminium bar market skyrocketed to $X in 2021, with an increase of 137% against the previous year. This figure reflects the total revenues of producers and importers (excluding logistics costs, retail marketing costs, and retailers' margins, which will be included in the final consumer price). Over the period under review, consumption saw significant growth. Non-alloy aluminium bar consumption peaked in 2021 and is likely to continue growth in years to come.

Non-Alloy Aluminium Bar Exports

Exports from Kuwait

In 2021, the amount of non-alloy aluminium bars, rods and profiles exported from Kuwait fell sharply to X tons, shrinking by -40.6% on 2020. Overall, exports, however, saw a significant expansion. The most prominent rate of growth was recorded in 2015 with an increase of 648%. The exports peaked at X tons in 2020, and then reduced dramatically in the following year.

In value terms, non-alloy aluminium bar exports dropped sharply to $X in 2021. Over the period under review, exports, however, recorded a significant increase. The pace of growth appeared the most rapid in 2015 with an increase of 758% against the previous year. Over the period under review, the exports reached the maximum at $X in 2019; however, from 2020 to 2021, the exports remained at a lower figure.

Exports by Country

The United Arab Emirates (X tons) was the main destination for non-alloy aluminium bar exports from Kuwait, accounting for a 57% share of total exports. Moreover, non-alloy aluminium bar exports to the United Arab Emirates exceeded the volume sent to the second major destination, Saudi Arabia (X tons), twofold.

From 2012 to 2021, the average annual growth rate of volume to the United Arab Emirates stood at +39.3%. Exports to the other major destinations recorded the following average annual rates of exports growth: Saudi Arabia (+33.6% per year) and Qatar (+28.6% per year).

In value terms, the United Arab Emirates ($X) emerged as the key foreign market for non-alloy aluminium bars, rods and profiles exports from Kuwait, comprising 68% of total exports. The second position in the ranking was taken by Saudi Arabia ($X), with an 18% share of total exports.

From 2012 to 2021, the average annual growth rate of value to the United Arab Emirates stood at +32.8%. Exports to the other major destinations recorded the following average annual rates of exports growth: Saudi Arabia (+28.9% per year) and Qatar (+23.2% per year).

Export Prices by Country

In 2021, the average non-alloy aluminium bar export price amounted to $X per ton, rising by 39% against the previous year. In general, the export price, however, recorded a abrupt curtailment. The pace of growth was the most pronounced in 2019 an increase of 301%. As a result, the export price attained the peak level of $X per ton. From 2020 to 2021, the average export prices failed to regain momentum.

There were significant differences in the average prices for the major external markets. In 2021, amid the top suppliers, the country with the highest price was the United Arab Emirates ($X per ton), while the average price for exports to Saudi Arabia ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was recorded for supplies to Saudi Arabia (-3.5%), while the prices for the other major destinations experienced a decline.

Non-Alloy Aluminium Bar Imports

Imports into Kuwait

For the fifth consecutive year, Kuwait recorded growth in supplies from abroad of non-alloy aluminium bars, rods and profiles, which increased by 75% to X tons in 2021. In general, imports recorded a significant increase. The growth pace was the most rapid in 2015 when imports increased by 773%. Over the period under review, imports attained the maximum in 2021 and are likely to see gradual growth in years to come.

In value terms, non-alloy aluminium bar imports skyrocketed to $X in 2021. Overall, imports enjoyed a significant increase. The most prominent rate of growth was recorded in 2015 with an increase of 625% against the previous year. Imports peaked in 2021 and are expected to retain growth in the immediate term.

Imports by Country

In 2021, the United Arab Emirates (X tons) constituted the largest supplier of non-alloy aluminium bar to Kuwait, with a 66% share of total imports. Moreover, non-alloy aluminium bar imports from the United Arab Emirates exceeded the figures recorded by the second-largest supplier, Oman (X tons), threefold. The third position in this ranking was taken by China (X tons), with a 7.6% share.

From 2012 to 2021, the average annual rate of growth in terms of volume from the United Arab Emirates stood at +55.1%. The remaining supplying countries recorded the following average annual rates of imports growth: Oman (+3.2% per year) and China (+14.5% per year).

In value terms, the United Arab Emirates ($X) constituted the largest supplier of non-alloy aluminium bars, rods and profiles to Kuwait, comprising 65% of total imports. The second position in the ranking was taken by Oman ($X), with a 19% share of total imports. It was followed by China, with a 6.6% share.

From 2012 to 2021, the average annual rate of growth in terms of value from the United Arab Emirates stood at +63.9%. The remaining supplying countries recorded the following average annual rates of imports growth: Oman (+7.9% per year) and China (+24.2% per year).

Import Prices by Country

The average non-alloy aluminium bar import price stood at $X per ton in 2021, picking up by 23% against the previous year. Over the period from 2012 to 2021, it increased at an average annual rate of +5.2%. The pace of growth was the most pronounced in 2014 an increase of 44% against the previous year. As a result, import price reached the peak level of $X per ton. From 2015 to 2021, the average import prices remained at a lower figure.

Average prices varied somewhat amongst the major supplying countries. In 2021, amid the top importers, the highest price was recorded for prices from Spain ($X per ton) and the United Arab Emirates ($X per ton), while the price for China ($X per ton) and Oman ($X per ton) were amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by China (+8.4%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :