Kuwait: Unwrought Aluminium Alloys Market 2021

Unwrought Aluminium Alloys Market Size in Kuwait

The Kuwaiti unwrought aluminium alloys market declined to $X in 2020, reducing by -X% against the previous year. Over the period under review, the total consumption indicated tangible growth from 2007 to 2020: its value increased at an average annual rate of +X% over the last thirteen-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2020 figures, consumption decreased by -X% against 2018 indices. The pace of growth was the most pronounced in 2011 with an increase of X% year-to-year. Unwrought aluminium alloys consumption peaked at $X in 2018; however, from 2019 to 2020, consumption stood at a somewhat lower figure.

Unwrought Aluminium Alloys Production in Kuwait

In value terms, unwrought aluminium alloys production dropped to $X in 2020 estimated in export prices. Overall, production, however, continues to indicate a perceptible expansion. The most prominent rate of growth was recorded in 2011 when the production volume increased by X% against the previous year. Unwrought aluminium alloys production peaked at $X in 2018; however, from 2019 to 2020, production stood at a somewhat lower figure.

Unwrought Aluminium Alloys Exports

Exports from Kuwait

In 2020, overseas shipments of unwrought aluminium alloys increased by X% to X tons, rising for the third consecutive year after three years of decline. In general, exports posted a significant expansion. The pace of growth appeared the most rapid in 2019 with an increase of X% year-to-year. Exports peaked in 2020 and are likely to see gradual growth in the immediate term.

In value terms, unwrought aluminium alloys exports skyrocketed to $X in 2020. Over the period under review, exports saw significant growth. The growth pace was the most rapid in 2012 when exports increased by X% year-to-year. Over the period under review, exports reached the maximum in 2020 and are likely to see gradual growth in the immediate term.

Exports by Country

China (X tons), Japan (X tons) and Indonesia (X tons) were the main destinations of unwrought aluminium alloys exports from Kuwait, together accounting for X% of total exports.

From 2007 to 2020, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by Indonesia (+X% per year), while exports for the other leaders experienced more modest paces of growth.

In value terms, the largest markets for unwrought aluminium alloys exported from Kuwait were China ($X), Japan ($X) and Indonesia ($X), with a combined X% share of total exports.

Indonesia (+X% per year) recorded the highest rates of growth with regard to the value of exports, in terms of the main countries of destination over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

In 2020, the average unwrought aluminium alloys export price amounted to $X per ton, reducing by -X% against the previous year. Overall, the export price recorded a mild descent. The pace of growth was the most pronounced in 2018 when the average export price increased by X% against the previous year. As a result, export price reached the peak level of $X per ton. from 2019 to 2020, the growth in terms of the average export prices remained at a somewhat lower figure.

Prices varied noticeably by the country of destination; the country with the highest price was Thailand ($X per ton), while the average price for exports to the U.S. ($X per ton) was amongst the lowest.

From 2007 to 2020, the most notable rate of growth in terms of prices was recorded for supplies to Thailand, while the prices for the other major destinations experienced more modest paces of growth.

Unwrought Aluminium Alloys Imports

Imports into Kuwait

In 2020, after thirteen years of growth, there was significant decline in supplies from abroad of unwrought aluminium alloys, when their volume decreased by -X% to X tons. In general, total imports indicated noticeable growth from 2007 to 2020: its volume increased at an average annual rate of +X% over the last thirteen-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. The most prominent rate of growth was recorded in 2011 when imports increased by X% against the previous year. Over the period under review, imports hit record highs at X tons in 2019, and then reduced in the following year.

In value terms, unwrought aluminium alloys imports reduced to $X in 2020. The total import value increased at an average annual rate of +X% over the period from 2007 to 2020; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The pace of growth appeared the most rapid in 2011 when imports increased by X% y-o-y. Imports peaked at $X in 2012; however, from 2013 to 2020, imports stood at a somewhat lower figure.

Imports by Country

In 2020, Bahrain (X tons) was the main unwrought aluminium alloys supplier to Kuwait, accounting for a X% share of total imports. Moreover, unwrought aluminium alloys imports from Bahrain exceeded the figures recorded by the second-largest supplier, Qatar (X tons), more than tenfold.

From 2007 to 2020, the average annual growth rate of volume from Bahrain totaled +X%.

In value terms, Bahrain ($X) constituted the largest supplier of unwrought aluminium alloys to Kuwait, comprising X% of total imports. The second position in the ranking was occupied by Qatar ($X), with a X% share of total imports.

From 2007 to 2020, the average annual growth rate of value from Bahrain amounted to +X%.

Import Prices by Country

The average unwrought aluminium alloys import price stood at $X per ton in 2020, picking up by X% against the previous year. Over the period under review, the import price, however, showed a slight descent. Over the period under review, average import prices hit record highs at $X per ton in 2011; however, from 2012 to 2020, import prices remained at a lower figure.

Average prices varied noticeably amongst the major supplying countries. In 2020, the country with the highest price was Bahrain ($X per ton), while the price for Qatar stood at $X per ton.

From 2007 to 2020, the most notable rate of growth in terms of prices was attained by Bahrain.

Source: IndexBox Platform

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