Price for Zinc; Powders and Flakes in Kuwait - 2021

Price for Zinc; Powders and Flakes in Kuwait (CIF) - 2022

The average zinc; powders and flakes import price stood at $17,189 per ton in 2022, reducing by -3.5% against the previous year. Over the period under review, import price indicated a tangible increase from 2012 to 2022: its price increased at an average annual rate of +2.7% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, zinc; powders and flakes import price increased by +112.8% against 2014 indices. The pace of growth was the most pronounced in 2015 an increase of 46%. Over the period under review, average import prices hit record highs at $17,820 per ton in 2021, and then fell modestly 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 Belgium ($48,952 per ton), while the price for South Korea ($12,417 per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Belgium (+8.3%), while the prices for the other major suppliers experienced mixed trend patterns.

Price for Zinc; Powders and Flakes in Kuwait (FOB) - 2022

The average zinc; powders and flakes export price stood at $1,702 per ton in 2022, shrinking by -11.3% against the previous year. In general, export price indicated a slight expansion from 2012 to 2022: its price increased at an average annual rate of +1.5% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, zinc; powders and flakes export price decreased by -25.6% against 2018 indices. The most prominent rate of growth was recorded in 2018 an increase of 67% against the previous year. As a result, the export price attained the peak level of $2,288 per ton. From 2019 to 2022, the average export prices remained at a 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 +1.5% per year.

Imports of Zinc; Powders and Flakes in Kuwait

After two years of decline, supplies from abroad of zinc; powders and flakeses increased by 12% to 230 kg in 2022. Over the period under review, imports, however, saw a abrupt downturn.

In value terms, zinc; powders and flakes imports totaled $4K in 2022. In general, imports, however, saw a deep slump.

Import of Zinc; Powders and Flakes in Kuwait (Thousand USD)
COUNTRY	2019	2020	2021	2022	CAGR, 2019-2022
South Korea	2.4	2.2	0.9	2.3	-1.4%
United Arab Emirates	2.2	1.8	0.6	1.4	-14.0%
Saudi Arabia	N/A	N/A	2.1	N/A	0%
Others	0.3	0.3	0.1	0.3	0.0%
Total	5.0	4.3	3.7	4.0	-7.2%

Top Suppliers of Zinc; Powders and Flakes to Kuwait in 2022:

South Korea (183.0 kg)
United Arab Emirates (46.0 kg)

Exports of Zinc; Powders and Flakes in Kuwait

In 2022, the amount of zinc; powders and flakeses exported from Kuwait dropped to 45 tons, declining by -5.5% on 2021. Over the period under review, exports recorded a mild downturn. The pace of growth appeared the most rapid in 2021 when exports increased by 12% against the previous year. As a result, the exports reached the peak of 47 tons, and then shrank in the following year.

In value terms, zinc; powders and flakes exports shrank sharply to $76K in 2022. Overall, exports showed a abrupt slump. The most prominent rate of growth was recorded in 2021 when exports increased by 48%. As a result, the exports reached the peak of $91K, and then fell markedly in the following year.