Price for Winding Wire, Other than of Copper in Kuwait - 2022
Contents:
- Price for Winding Wire, Other than of Copper in Kuwait (CIF) - 2022
- Price for Winding Wire, Other than of Copper in Kuwait (FOB) - 2022
- Imports of Winding Wire, Other than of Copper in Kuwait
- Exports of Winding Wire, Other than of Copper in Kuwait
Price for Winding Wire, Other than of Copper in Kuwait (CIF) - 2022
In 2022, the average import price for winding wire, other than of coppers amounted to $6,100 per ton, waning by -33% against the previous year. Overall, the import price recorded a pronounced contraction. The growth pace was the most rapid in 2021 when the average import price increased by 87% against the previous year. As a result, import price attained the peak level of $9,098 per ton, and then shrank dramatically in the following year.
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 Malaysia ($28,340 per ton), while the price for Egypt ($961 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Saudi Arabia (+21.2%), while the prices for the other major suppliers experienced more modest paces of growth.
Price for Winding Wire, Other than of Copper in Kuwait (FOB) - 2022
In 2022, the average export price for winding wire, other than of coppers amounted to $10,604 per ton, jumping by 53% against the previous year. In general, the export price recorded a strong expansion. As a result, the export price reached the peak level and is likely to continue growth in the immediate term.
Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Iraq ($10,999 per ton), while the average price for exports to the United Arab Emirates ($1,000 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 Saudi Arabia (+11.1%), while the prices for the other major destinations experienced mixed trend patterns.
Imports of Winding Wire, Other than of Copper in Kuwait
In 2022, the amount of winding wire, other than of coppers imported into Kuwait expanded to 344 tons, increasing by 2.5% against 2021. In general, imports, however, continue to indicate a pronounced decrease. The growth pace was the most rapid in 2020 with an increase of 127% against the previous year. As a result, imports reached the peak of 888 tons. From 2021 to 2022, the growth of imports of remained at a somewhat lower figure.
In value terms, imports of winding wire, other than of coppers declined remarkably to $2.4M in 2022. Overall, imports, however, showed a pronounced slump. The most prominent rate of growth was recorded in 2020 when imports increased by 93% against the previous year. As a result, imports attained the peak of $5.2M. From 2021 to 2022, the growth of imports of remained at a lower figure.
| Import of Winding Wire, Other than of Copper in Kuwait (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| India | 363 | 1,287 | 745 | 879 | 34.3% |
| China | 1,373 | 723 | 303 | 801 | -16.4% |
| Italy | 46.4 | 236 | 120 | 140 | 44.5% |
| Egypt | 4.8 | 93.7 | 37.9 | 50.8 | 119.6% |
| United Arab Emirates | 8.1 | 28.9 | 1,160 | 50.0 | 83.4% |
| South Korea | 2.7 | 23.3 | 11.3 | 35.0 | 134.9% |
| Oman | 110 | 330 | 55.9 | 21.1 | -42.3% |
| Turkey | 340 | 361 | 22.8 | 5.4 | -74.9% |
| Others | 470 | 2,165 | 808 | 449 | -1.5% |
| Total | 2,718 | 5,248 | 3,264 | 2,431 | -3.7% |
Top Suppliers of Winding Wire, Other than of Copper to Kuwait in 2022:
- China (120.4 tons)
- India (112.3 tons)
- Egypt (52.9 tons)
- Italy (21.8 tons)
- South Korea (7.6 tons)
- Oman (6.5 tons)
- United Arab Emirates (3.3 tons)
- Turkey (1.1 tons)
Exports of Winding Wire, Other than of Copper in Kuwait
For the third year in a row, Kuwait recorded decline in overseas shipments of winding wire, other than of coppers, which decreased by -60.5% to 2.7 tons in 2022. Over the period under review, exports showed a precipitous decrease. The smallest decline of -42.3% was in 2020.
In value terms, exports of winding wire, other than of coppers declined remarkably to $28K in 2022. Overall, exports showed a sharp decrease. The smallest decline of -26.3% was in 2020.
| Export of Winding Wire, Other than of Copper in Kuwait (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Iraq | 88.6 | 68.4 | 48.6 | 26.9 | -32.8% |
| India | 5.6 | 1.8 | 2.3 | 1.2 | -40.2% |
| Others | 1.9 | 0.6 | 1.2 | 0.2 | -52.8% |
| Total | 96.1 | 70.8 | 52.1 | 28.3 | -33.5% |
Top Export Markets for Winding Wire, Other than of Copper from Kuwait in 2022:
- Iraq (2450.0 kg)
- India (195.0 kg)
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