Price for Copper Plates, Sheets and Strip in Kuwait - 2021
Contents:
- Price for Copper Plates, Sheets and Strip in Kuwait (CIF) - 2021
- Price for Copper Plates, Sheets and Strip in Kuwait (FOB) - 2022
- Imports of Copper Plates, Sheets and Strip in Kuwait
- Exports of Copper Plates, Sheets and Strip in Kuwait
Price for Copper Plates, Sheets and Strip in Kuwait (CIF) - 2021
In December 2021, the average import price for copper plates, sheets and strips amounted to $11,548 per ton, growing by 6.7% against the previous month. Over the period from January 2021 to December 2021, it increased at an average monthly rate of +2.5%. The growth pace was the most rapid in August 2021 when the average import price increased by 33% month-to-month. Over the period under review, average import prices attained the maximum at $11,847 per ton in September 2021; however, from October 2021 to December 2021, import prices stood at a somewhat lower figure.
There were significant differences in the average prices amongst the major supplying countries. In December 2021, the country with the highest price was India ($20,133 per ton), while the price for the UK ($6,572 per ton) was amongst the lowest.
From January 2021 to December 2021, the most notable rate of growth in terms of prices was attained by Bulgaria (+2.5%), while the prices for the other major suppliers experienced more modest paces of growth.
Price for Copper Plates, Sheets and Strip in Kuwait (FOB) - 2022
In 2022, the average export price for copper plates, sheets and strips amounted to $8,973 per ton, falling by -5.4% against the previous year. Over the period under review, the export price, however, enjoyed a noticeable increase. The most prominent rate of growth was recorded in 2019 an increase of 110% against the previous year. Over the period under review, the average export prices attained the maximum at $9,490 per ton in 2021, and then fell in the following year.
Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was the United Arab Emirates ($31,973 per ton), while the average price for exports to Jordan ($2,661 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 India (+12.4%), while the prices for the other major destinations experienced more modest paces of growth.
Imports of Copper Plates, Sheets and Strip in Kuwait
In 2022, the amount of copper plates, sheets and strips imported into Kuwait dropped to 887 tons, reducing by -13.8% compared with 2021 figures. Over the period under review, imports continue to indicate a deep setback. The pace of growth was the most pronounced in 2021 when imports increased by 38%.
In value terms, copper plates, sheets and strip imports shrank dramatically to $7.9M in 2022. Overall, imports recorded a relatively flat trend pattern. The pace of growth appeared the most rapid in 2021 when imports increased by 82%. As a result, imports reached the peak of $10M, and then reduced markedly in the following year.
| Import of Copper Plates, Sheets and Strip in Kuwait (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Germany | 2.1 | 0.7 | 5.0 | 4.6 | 29.9% |
| United Kingdom | 1.7 | 1.6 | 1.7 | 1.2 | -11.0% |
| Bulgaria | 0.5 | 0.1 | 1.0 | 0.9 | 21.6% |
| India | 1.1 | 0.6 | 0.4 | 0.5 | -23.1% |
| Jordan | 0.2 | 0.6 | 0.6 | 0.3 | 14.5% |
| Malaysia | 1.1 | 0.8 | 0.6 | 0.2 | -43.3% |
| China | 0.4 | N/A | 0.1 | N/A | -50.0% |
| Others | 1.0 | 1.1 | 0.7 | 0.3 | -33.1% |
| Total | 8.0 | 5.6 | 10.2 | 7.9 | -0.4% |
Top Suppliers of Copper Plates, Sheets and Strip to Kuwait in 2022:
- Germany (465.8 tons)
- United Kingdom (151.7 tons)
- Bulgaria (101.8 tons)
- India (48.6 tons)
- Jordan (47.4 tons)
- Malaysia (31.5 tons)
- China (5.2 tons)
Exports of Copper Plates, Sheets and Strip in Kuwait
In 2022, copper plates, sheets and strip exports from Kuwait declined dramatically to 1.1 tons, with a decrease of -26.2% on the year before. Over the period under review, exports continue to indicate a precipitous descent. The pace of growth was the most pronounced in 2021 with an increase of 67%.
In value terms, copper plates, sheets and strip exports reduced rapidly to $10K in 2022. In general, exports showed a dramatic curtailment. The most prominent rate of growth was recorded in 2021 when exports increased by 152% against the previous year.
| Export of Copper Plates, Sheets and Strip in Kuwait (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Saudi Arabia | 8.5 | 2.5 | 5.5 | 3.2 | -27.8% |
| India | 6.7 | 0.9 | 0.5 | 2.5 | -28.0% |
| United Arab Emirates | 1.7 | 0.8 | 2.9 | 2.4 | 12.2% |
| Jordan | 4.9 | 1.5 | 3.3 | 1.9 | -27.1% |
| Others | N/A | N/A | 2.2 | N/A | 0% |
| Total | 21.9 | 5.7 | 14.3 | 10.0 | -23.0% |
Top Export Markets for Copper Plates, Sheets and Strip from Kuwait in 2022:
- Jordan (722.0 kg)
- India (175.0 kg)
- Saudi Arabia (141.0 kg)
- United Arab Emirates (74.0 kg)
267
This report provides an in-depth analysis of the market for copper bars, wire and plates in Kuwait.
418
This report provides an in-depth analysis of the global market for copper bars, wire and plates.
