Price for Refined Copper Tube and Pipe in Kuwait - 2021
Contents:
- Price for Refined Copper Tube and Pipe in Kuwait (CIF) - 2021
- Price for Refined Copper Tube and Pipe in Kuwait (FOB) - 2022
- Imports of Refined Copper Tube and Pipe in Kuwait
- Exports of Refined Copper Tube and Pipe in Kuwait
Price for Refined Copper Tube and Pipe in Kuwait (CIF) - 2021
In December 2021, the average import price for tubes and pipes of refined copper amounted to $10,847 per ton, with a decrease of -5.2% against the previous month. Over the period from January 2021 to December 2021, it increased at an average monthly rate of +2.3%. The most prominent rate of growth was recorded in July 2021 when the average import price increased by 20% against the previous month. The import price peaked at $11,612 per ton in October 2021; however, from November 2021 to December 2021, import prices stood at a somewhat lower figure.
Average prices varied somewhat amongst the major supplying countries. In December 2021, the highest price was recorded for prices from Vietnam ($14,168 per ton) and South Korea ($11,341 per ton), while the price for China ($9,888 per ton) and Malaysia ($10,711 per ton) were amongst the lowest.
From January 2021 to December 2021, the most notable rate of growth in terms of prices was attained by Italy (+8.2%), while the prices for the other major suppliers experienced more modest paces of growth.
Price for Refined Copper Tube and Pipe in Kuwait (FOB) - 2022
The average export price for tubes and pipes of refined copper stood at $7,268 per ton in 2022, surging by 2.2% against the previous year. In general, the export price, however, recorded a perceptible reduction. The most prominent rate of growth was recorded in 2020 when the average export price increased by 23% against the previous year. The export price peaked at $10,035 per ton in 2012; however, from 2013 to 2022, the export prices stood at a somewhat lower figure.
As there is only one major export destination, the average price level is determined by prices for the United Arab Emirates.
From 2012 to 2022, the rate of growth in terms of prices for the United Arab Emirates amounted to -3.5% per year.
Imports of Refined Copper Tube and Pipe in Kuwait
Refined copper tube and pipe imports into Kuwait plummeted to 2.5K tons in 2022, which is down by -15.6% on 2021 figures. Overall, imports showed a mild slump. The most prominent rate of growth was recorded in 2021 with an increase of 45%. As a result, imports reached the peak of 3K tons, and then shrank sharply in the following year.
In value terms, refined copper tube and pipe imports reduced dramatically to $22M in 2022. Over the period under review, total imports indicated temperate growth from 2019 to 2022: its value increased at an average annual rate of +3.8% over the last three years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +48.8% against 2020 indices. The pace of growth was the most pronounced in 2021 with an increase of 98% against the previous year. As a result, imports reached the peak of $29M, and then shrank sharply in the following year.
| Import of Refined Copper Tube and Pipe in Kuwait (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Malaysia | 6.3 | 3.5 | 10.8 | 8.6 | 10.9% |
| China | 6.2 | 3.2 | 7.6 | 6.1 | -0.5% |
| South Korea | 3.0 | 3.4 | 3.6 | 2.9 | -1.1% |
| Thailand | 0.2 | 1.6 | 1.6 | 1.1 | 76.5% |
| United Arab Emirates | 0.3 | 0.6 | 1.0 | 0.8 | 38.7% |
| Vietnam | 1.1 | 0.5 | 0.6 | 0.6 | -18.3% |
| Mexico | 0.5 | 0.3 | 0.7 | 0.5 | 0.0% |
| Italy | 1.3 | 1.1 | 2.3 | 0.4 | -32.5% |
| Others | 1.1 | 0.7 | 1.3 | 1.1 | 0.0% |
| Total | 19.9 | 14.9 | 29.5 | 22.2 | 3.7% |
Top Suppliers of Refined Copper Tube and Pipe to Kuwait in 2022:
- Malaysia (932.7 tons)
- China (651.1 tons)
- Thailand (308.2 tons)
- South Korea (286.9 tons)
- Vietnam (89.1 tons)
- United Arab Emirates (83.3 tons)
- Mexico (54.6 tons)
- Italy (27.0 tons)
Exports of Refined Copper Tube and Pipe in Kuwait
Refined copper tube and pipe exports from Kuwait soared to 11 tons in 2022, rising by 52% on the year before. In general, exports showed significant growth. The growth pace was the most rapid in 2020 when exports increased by 529% against the previous year. As a result, the exports reached the peak of 15 tons. From 2021 to 2022, the growth of the exports remained at a lower figure.
In value terms, refined copper tube and pipe exports soared to $82K in 2022. Over the period under review, exports saw a significant increase. The most prominent rate of growth was recorded in 2020 with an increase of 675%. As a result, the exports reached the peak of $111K. From 2021 to 2022, the growth of the exports failed to regain momentum.
| Export of Refined Copper Tube and Pipe in Kuwait (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| United Arab Emirates | 12.8 | 87.3 | 32.7 | 81.6 | 85.4% |
| South Korea | N/A | 23.4 | N/A | N/A | 0% |
| Thailand | N/A | N/A | 6.9 | N/A | 0% |
| Bahrain | N/A | N/A | 12.9 | N/A | 0% |
| Others | 1.5 | N/A | N/A | N/A | 0% |
| Total | 14.3 | 111 | 52.5 | 81.6 | 78.7% |
Top Export Markets for Refined Copper Tube and Pipe from Kuwait in 2022:
- United Arab Emirates (11.2 tons)
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