GCC: Market for Aluminium Casks, Drums, Cans, Boxes and Similar Containers 2024

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

The GCC market for aluminium casks, drums, cans, boxes and similar containers expanded notably to $X in 2023, surging by X% against the previous year. Over the period under review, consumption, however, showed a pronounced descent. Over the period under review, the market hit record highs at $X in 2015; however, from 2016 to 2023, consumption failed to regain momentum.

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

In value terms, production of aluminium casks, drums, cans, boxes and similar containers expanded significantly to $X in 2023 estimated in export price. The total production indicated a temperate increase from 2012 to 2023: its value increased at an average annual rate of X% over the last eleven-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2023 figures, production decreased by X% against 2021 indices. The pace of growth was the most pronounced in 2021 when the production volume increased by X%. As a result, production attained the peak level of $X. From 2022 to 2023, production of growth remained at a lower figure.

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

Exports in GCC

In 2023, shipments abroad of aluminium casks, drums, cans, boxes and similar containers decreased by X% to X units, falling for the second consecutive year after two years of growth. Over the period under review, exports continue to indicate a mild shrinkage. The most prominent rate of growth was recorded in 2017 when exports increased by X%. Over the period under review, the exports of attained the peak figure at X units in 2012; however, from 2013 to 2023, the exports remained at a lower figure.

In value terms, exports of aluminium casks, drums, cans, boxes and similar containers dropped to $X in 2023. In general, exports, however, saw a perceptible expansion. The growth pace was the most rapid in 2021 with an increase of X%. The level of export peaked at $X in 2022, and then declined in the following year.

Exports by Country

Saudi Arabia was the major exporter of aluminium casks, drums, cans, boxes and similar containers in GCC, with the volume of exports accounting for X units, which was near X% of total exports in 2023. It was distantly followed by the United Arab Emirates (X units), achieving a X% share of total exports. Kuwait (X units) took a relatively small share of total exports.

From 2012 to 2023, the most notable rate of growth in terms of shipments, amongst the key exporting countries, was attained by Kuwait (with a CAGR of X%), while the other leaders experienced mixed trends in the exports figures.

In value terms, Saudi Arabia ($X), the United Arab Emirates ($X) and Kuwait ($X) appeared to be the countries with the highest levels of exports in 2023, with a combined X% share of total exports.

In terms of the main exporting countries, Kuwait, with a CAGR of X%, saw the highest rates of growth with regard to the value of exports, over the period under review, while shipments for the other leaders experienced mixed trends in the exports figures.

Export Prices by Country

In 2023, the export price in GCC amounted to $X per unit, declining by X% against the previous year. Export price indicated a moderate expansion from 2012 to 2023: its price increased at an average annual rate of X% over the last eleven years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2023 figures, export price for aluminium casks, drums, cans, boxes and similar containers increased by X% against 2020 indices. The growth pace was the most rapid in 2021 when the export price increased by X%. Over the period under review, the export prices reached the peak figure at $X per unit in 2022, and then dropped in the following year.

There were significant differences in the average prices amongst the major exporting countries. In 2023, amid the top suppliers, the country with the highest price was the United Arab Emirates ($X per unit), while Kuwait ($X per unit) was amongst the lowest.

From 2012 to 2023, the most notable rate of growth in terms of prices was attained by the United Arab Emirates (X%), while the other leaders experienced more modest paces of growth.

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

Imports in GCC

In 2023, after five years of decline, there was significant growth in overseas purchases of aluminium casks, drums, cans, boxes and similar containers, when their volume increased by X% to X units. In general, imports, however, showed a perceptible decline. The most prominent rate of growth was recorded in 2017 when imports increased by X%. As a result, imports reached the peak of X units. From 2018 to 2023, the growth of imports of remained at a somewhat lower figure.

In value terms, imports of aluminium casks, drums, cans, boxes and similar containers soared to $X in 2023. Overall, imports, however, continue to indicate a drastic downturn. The level of import peaked at $X in 2015; however, from 2016 to 2023, imports failed to regain momentum.

Imports by Country

The United Arab Emirates (X units) and Oman (X units) represented the major importers of aluminium casks, drums, cans, boxes and similar containers in 2023, amounting to approx. X% and X% of total imports, respectively. Kuwait (X units) held the next position in the ranking, followed by Bahrain (X units). All these countries together took near X% share of total imports.

From 2012 to 2023, the most notable rate of growth in terms of purchases, amongst the leading importing countries, was attained by Oman (with a CAGR of X%), while imports for the other leaders experienced a decline in the imports figures.

In value terms, the United Arab Emirates ($X), Oman ($X) and Kuwait ($X) constituted the countries with the highest levels of imports in 2023, with a combined X% share of total imports.

Oman, with a CAGR of X%, saw the highest rates of growth with regard to the value of imports, among the main importing countries over the period under review, while purchases for the other leaders experienced a decline in the imports figures.

Import Prices by Country

In 2023, the import price in GCC amounted to $X per unit, with an increase of X% against the previous year. Over the period under review, the import price, however, recorded a slight reduction. The growth pace was the most rapid in 2019 an increase of X% against the previous year. Over the period under review, import prices hit record highs at $X per unit in 2015; however, from 2016 to 2023, import prices failed to regain momentum.

There were significant differences in the average prices amongst the major importing countries. In 2023, amid the top importers, the country with the highest price was Bahrain ($X per unit), while Oman ($X per unit) was amongst the lowest.

From 2012 to 2023, the most notable rate of growth in terms of prices was attained by Kuwait (X%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform