Updated Nov 26, 2022 16:05

Aluminium Alloy Tube Market in Kuwait

Market Overview
Please note: Annual data for 2022 are preliminary and subject to revision
The Kuwaiti aluminium alloy tube market reduced to $ in , waning by -% 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, however, showed measured growth. Over the period under review, the market reached the peak level at $ in 2009; however, from 2010 to , consumption failed to regain momentum.


Consumption
Please note: Annual data for 2022 are preliminary and subject to revision
Aluminium alloy tube consumption in Kuwait fell slightly to tons in , shrinking by -% on figures. Over the period under review, consumption, however, showed a tangible increase. As a result, consumption reached the peak volume of tons. From 2009 to , the growth of the consumption remained at a lower figure.

The value of the aluminium alloy tube market in Kuwait shrank slightly to $ in , with a decrease of -% 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). Overall, consumption, however, enjoyed a mild expansion. Aluminium alloy tube consumption peaked at $ in 2009; however, from 2010 to , consumption stood at a somewhat lower figure.


Market Forecast
Please note: Annual data for 2022 are preliminary and subject to revision
The aluminium alloy tube market is expected to start a downward consumption trend over the next eight-year period. The performance of the market is forecast to decrease slightly, with an anticipated CAGR of -% for the eight-year period from to , which is projected to depress the market volume to tons by the end of .

In value terms, the market is forecast to contract with an anticipated CAGR of -% for the period from to , which is projected to bring the market value to $ (in nominal prices) by the end of .


Market Structure
Please note: Annual data for 2022 are preliminary and subject to revision
Aluminium alloy tube market in Kuwait consists almost entirely of imported products. In , the share of imports in total consumption accounted for % in value terms and % in physical terms. The share of imports decreased moderately (- percentage point) over the period under review.


Trade Balance
Please note: Annual data for 2022 are preliminary and subject to revision
Kuwait remains a net importer of aluminium alloy tube; in physical and value terms, imports consistently exceeded exports from 2007 to . In , there was a significant trade deficit of tons, which was equal to $. This tangible trade deficit reflects the fact that the market remains dependent on imports, which is likely to continue in the medium term.