Molybdenum; Wire Price in Kuwait - 2022
Contents:
Molybdenum; Wire Price in Kuwait (CIF) - 2022
In 2022, the average molybdenum; wire import price amounted to $7,436 per ton, dropping by -36.5% against the previous year. Overall, the import price, however, continues to indicate a strong increase. The most prominent rate of growth was recorded in 2017 an increase of 230%. As a result, import price attained the peak level of $20,304 per ton. From 2018 to 2022, the average 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 China ($15,411 per ton), while the price for the United Arab Emirates ($1,466 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by China (+11.8%).
Molybdenum; Wire Imports in Kuwait
For the fourth year in a row, Kuwait recorded growth in overseas purchases of molybdenum; wires, which increased by 587% to 1.4 tons in 2022. Overall, imports saw a significant increase. As a result, imports reached the peak and are likely to continue growth in the immediate term.
In value terms, molybdenum; wire imports skyrocketed to $10K in 2022. Over the period under review, imports enjoyed a significant increase. As a result, imports reached the peak and are likely to continue growth in the immediate term.
| Import of Molybdenum; Wire in Kuwait (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| China | 0.3 | 1.1 | 2.2 | 9.0 | 210.7% |
| United Arab Emirates | N/A | N/A | N/A | 1.1 | 0% |
| Thailand | N/A | 0.1 | 0.1 | 0.1 | 0.0% |
| Others | 0.2 | N/A | N/A | N/A | 0% |
| Total | 0.5 | 1.1 | 2.3 | 10.1 | 172.3% |
Top Suppliers of Molybdenum; Wire to Kuwait in 2022:
- United Arab Emirates (719.0 kg)
- China (581.0 kg)
- Thailand (60.0 kg)
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