Price for Brass Tubes and Pipes in Kuwait - 2021
Contents:
- Price for Brass Tubes and Pipes in Kuwait (CIF) - 2022
- Price for Brass Tubes and Pipes in Kuwait (FOB) - 2022
- Imports of Brass Tubes and Pipes in Kuwait
- Exports of Brass Tubes and Pipes in Kuwait
Price for Brass Tubes and Pipes in Kuwait (CIF) - 2022
In 2022, the average brass tubes and pipes import price amounted to $16,783 per ton, increasing by 21% against the previous year. Over the period under review, the import price enjoyed a buoyant increase. The most prominent rate of growth was recorded in 2020 when the average import price increased by 78% against the previous year. As a result, import price attained the peak level of $16,900 per ton. From 2021 to 2022, the average import prices failed to regain momentum.
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 Pakistan ($20,438 per ton), while the price for Canada ($11,137 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by the United Arab Emirates (+19.2%), while the prices for the other major suppliers experienced more modest paces of growth.
Price for Brass Tubes and Pipes in Kuwait (FOB) - 2022
The average brass tubes and pipes export price stood at $44,725 per ton in 2021, standing approx. at the previous year. Overall, the export price posted a significant increase. The most prominent rate of growth was recorded in 2019 when the average export price decreased by -25.6%. Over the period under review, the average export prices attained the peak figure in 2021 and is likely to see gradual growth in the near future.
As there is only one major export destination, the average price level is determined by prices for the United Arab Emirates.
From 2014 to 2021, the rate of growth in terms of prices for the United Arab Emirates amounted to 0.0% per year.
Imports of Brass Tubes and Pipes in Kuwait
In 2022, purchases abroad of tubes and pipes of copper-zinc base alloys (brass) increased by 167% to 7.4 tons for the first time since 2019, thus ending a two-year declining trend. In general, imports, however, saw a dramatic slump.
In value terms, brass tubes and pipes imports skyrocketed to $125K in 2022. Overall, imports, however, showed a sharp slump.
| Import of Brass Tubes and Pipes in Kuwait (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| South Korea | 134 | 57.4 | 20.6 | 53.6 | -26.3% |
| Germany | 17.2 | 2.7 | 0.3 | 15.8 | -2.8% |
| Canada | 22.2 | 7.3 | 3.0 | 12.6 | -17.2% |
| China | 213 | 7.3 | 2.6 | 6.9 | -68.1% |
| United States | 0.5 | 25.6 | 5.5 | 4.1 | 101.7% |
| Italy | 12.9 | 3.1 | 0.2 | 3.2 | -37.2% |
| United Arab Emirates | 10.2 | 0.3 | 0.2 | 2.9 | -34.2% |
| Others | 33.8 | 10.6 | 6.2 | 25.5 | -9.0% |
| Total | 444 | 114 | 38.6 | 125 | -34.5% |
Top Suppliers of Brass Tubes and Pipes to Kuwait in 2022:
- South Korea (3468.0 kg)
- Germany (1276.0 kg)
- Canada (1130.0 kg)
- China (473.0 kg)
- United States (283.0 kg)
- United Arab Emirates (184.0 kg)
- Italy (177.0 kg)
Exports of Brass Tubes and Pipes in Kuwait
In 2021, exports of tubes and pipes of copper-zinc base alloys (brass) from Kuwait was estimated at 91 kg, approximately reflecting 2020 figures. Overall, exports continue to indicate a sharp decrease. The smallest decline of 99.9% was in 2020.
In value terms, brass tubes and pipes exports totaled $4.1K in 2021. Over the period under review, exports faced a precipitous decrease. The smallest decline of 99.9% was in 2020.
| Export of Brass Tubes and Pipes in Kuwait (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | CAGR, 2019-2021 | |
| United Arab Emirates | N/A | N/A | 4.1 | 0% | |
| Qatar | 23.5 | N/A | N/A | 0% | |
| Others | N/A | N/A | N/A | 0% | |
| Total | 23.5 | N/A | 4.1 | -58.2% | |
Top Export Markets for Brass Tubes and Pipes from Kuwait in 2022:
- United Arab Emirates (91.0 kg)
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