Price for Copper; Cast, Moulded, Stamped or Forged, But Not Further Worked in Kuwait - 2022

Contents:

1. Price for Copper; Cast, Moulded, Stamped or Forged, But Not Further Worked in Kuwait (CIF) - 2022
2. Price for Copper; Cast, Moulded, Stamped or Forged, But Not Further Worked in Kuwait (FOB) - 2022
3. Imports of Copper; Cast, Moulded, Stamped or Forged, But Not Further Worked in Kuwait
4. Exports of Copper; Cast, Moulded, Stamped or Forged, But Not Further Worked in Kuwait

Price for Copper; Cast, Moulded, Stamped or Forged, But Not Further Worked in Kuwait (CIF) - 2022

In 2022, the average import price for copper; cast, moulded, stamped or forged, but not further worked amounted to $5,504 per ton, dropping by -40.6% against the previous year. Overall, import price indicated a slight increase from 2012 to 2022: its price increased at an average annual rate of +1.2% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. The growth pace was the most rapid in 2021 an increase of 47% against the previous year. As a result, import price attained the peak level of $9,268 per ton, and then declined significantly in the following year.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Italy ($11,059 per ton), while the price for the United Arab Emirates ($809 per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Spain (+6.7%), while the prices for the other major suppliers experienced mixed trend patterns.

Price for Copper; Cast, Moulded, Stamped or Forged, But Not Further Worked in Kuwait (FOB) - 2022

The average export price for copper; cast, moulded, stamped or forged, but not further worked stood at $8,595 per ton in 2022, dropping by -7.4% against the previous year. In general, the export price, however, saw a measured increase. The most prominent rate of growth was recorded in 2017 when the average export price increased by 33%. Over the period under review, the average export prices attained the peak figure at $12,515 per ton in 2019; however, from 2020 to 2022, the export prices failed to regain momentum.

There were significant differences in the average prices for the major external markets. In 2022, amid the top suppliers, the country with the highest price was Qatar ($540,429 per ton), while the average price for exports to Oman ($3,030 per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Qatar (+61.8%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Copper; Cast, Moulded, Stamped or Forged, But Not Further Worked in Kuwait

In 2022, the amount of copper; cast, moulded, stamped or forged, but not further worked imported into Kuwait surged to 64 tons, increasing by 122% on the previous year. Over the period under review, imports, however, continue to indicate a abrupt descent.

In value terms, imports of copper; cast, moulded, stamped or forged, but not further worked soared to $354K in 2022. Overall, imports, however, recorded a deep setback. The growth pace was the most rapid in 2020 when imports increased by 120%. As a result, imports attained the peak of $921K. From 2021 to 2022, the growth of imports of failed to regain momentum.

Top Suppliers of Copper; Cast, Moulded, Stamped or Forged, But Not Further Worked to Kuwait in 2022:

1. United Kingdom (31.7 tons)
2. Italy (8.9 tons)
3. Japan (8.9 tons)
4. Saudi Arabia (2.4 tons)
5. United Arab Emirates (2.4 tons)
6. India (2.2 tons)
7. Malaysia (2.0 tons)
8. Spain (1.3 tons)
9. United States (1.2 tons)
10. China (0.9 tons)
11. Turkey (0.8 tons)
12. Syrian Arab Republic (0.5 tons)

Exports of Copper; Cast, Moulded, Stamped or Forged, But Not Further Worked in Kuwait

In 2022, shipments abroad of copper; cast, moulded, stamped or forged, but not further worked decreased by -24.1% to 2.3 tons, falling for the second consecutive year after two years of growth. In general, exports recorded a precipitous slump. The most prominent rate of growth was recorded in 2020 when exports increased by 12%. As a result, the exports reached the peak of 5.2 tons. From 2021 to 2022, the growth of the exports of failed to regain momentum.

In value terms, exports of copper; cast, moulded, stamped or forged, but not further worked reduced sharply to $20K in 2022. Overall, exports recorded a dramatic downturn.

Top Export Markets for Copper; Cast, Moulded, Stamped or Forged, But Not Further Worked from Kuwait in 2022:

1. Oman (2304.0 kg)
2. United Arab Emirates (16.0 kg)
3. Qatar (7.0 kg)

Source: IndexBox Market Intelligence Platform