Price for Copper; Refined and Copper Alloys, Unwrought in Kuwait - 2022
Contents:
- Price for Copper; Refined and Copper Alloys, Unwrought in Kuwait (CIF) - 2022
- Price for Copper; Refined and Copper Alloys, Unwrought in Kuwait (FOB) - 2022
- Imports of Copper; Refined and Copper Alloys, Unwrought in Kuwait
- Exports of Copper; Refined and Copper Alloys, Unwrought in Kuwait
Price for Copper; Refined and Copper Alloys, Unwrought in Kuwait (CIF) - 2022
The average import price for copper; refined and copper alloys, unwroughts stood at $9,018 per ton in 2022, approximately equating the previous year. Overall, import price indicated a notable expansion from 2012 to 2022: its price increased at an average annual rate of +2.3% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, import price for copper; refined and copper alloys, unwroughts increased by +39.1% against 2018 indices. The pace of growth was the most pronounced in 2021 an increase of 42%. The import price peaked in 2022 and is likely to continue growth in the immediate term.
Average prices varied somewhat amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was Zambia ($9,276 per ton), while the price for Russia totaled $6,578 per ton.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Zambia (+2.3%).
Price for Copper; Refined and Copper Alloys, Unwrought in Kuwait (FOB) - 2022
The average export price for copper; refined and copper alloys, unwroughts stood at $4,600 per ton in 2022, declining by -13.6% against the previous year. Overall, the export price recorded a perceptible shrinkage. The pace of growth appeared the most rapid in 2020 an increase of 67%. Over the period under review, the average export prices hit record highs at $6,994 per ton in 2012; however, from 2013 to 2022, the export prices failed to regain momentum.
There were significant differences in the average prices for the major foreign markets. In 2022, amid the top suppliers, the country with the highest price was the United Arab Emirates ($16,321 per ton), while the average price for exports to India ($4,454 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 the United Arab Emirates (+12.3%), while the prices for the other major destinations experienced a decline.
Imports of Copper; Refined and Copper Alloys, Unwrought in Kuwait
In 2022, the amount of copper; refined and copper alloys, unwroughts imported into Kuwait reduced to 6.1K tons, declining by -4% on 2021 figures. Overall, imports saw a perceptible slump. The most prominent rate of growth was recorded in 2021 with an increase of 22% against the previous year.
In value terms, imports of copper; refined and copper alloys, unwroughts fell to $55M in 2022. In general, total imports indicated a strong expansion from 2019 to 2022: its value increased at an average annual rate of +11.2% over the last three-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +68.8% against 2020 indices. The pace of growth appeared the most rapid in 2021 when imports increased by 74%. As a result, imports reached the peak of $56M, and then declined slightly in the following year.
| Import of Copper; Refined and Copper Alloys, Unwrought in Kuwait (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Zambia | 36.7 | 24.0 | 51.8 | 51.1 | 11.7% |
| Russia | 2.6 | 5.7 | 4.3 | 3.4 | 9.4% |
| Others | 0.5 | 2.8 | 0.3 | 0.3 | -15.7% |
| Total | 39.8 | 32.5 | 56.5 | 54.8 | 11.2% |
Top Suppliers of Copper; Refined and Copper Alloys, Unwrought to Kuwait in 2022:
- Zambia (5.5K tons)
- Russia (0.5K tons)
Exports of Copper; Refined and Copper Alloys, Unwrought in Kuwait
In 2022, the amount of copper; refined and copper alloys, unwroughts exported from Kuwait fell notably to 12 tons, waning by -64.2% against 2021 figures. In general, exports recorded a precipitous curtailment. The smallest decline of -14.9% was in 2020.
In value terms, exports of copper; refined and copper alloys, unwroughts reduced notably to $56K in 2022. Over the period under review, exports saw a sharp shrinkage. The pace of growth appeared the most rapid in 2020 with an increase of 42%. As a result, the exports reached the peak of $304K. From 2021 to 2022, the growth of the exports of failed to regain momentum.
| Export of Copper; Refined and Copper Alloys, Unwrought in Kuwait (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| India | 185 | 289 | 12.3 | 50.0 | -35.3% |
| Oman | 12.5 | 2.8 | 0.2 | 2.7 | -40.0% |
| Jordan | N/A | N/A | 140 | N/A | 0% |
| Others | 15.7 | 12.0 | 27.3 | 2.9 | -43.0% |
| Total | 213 | 304 | 180 | 55.6 | -36.1% |
Top Export Markets for Copper; Refined and Copper Alloys, Unwrought from Kuwait in 2022:
- India (11.2 tons)
- Oman (0.6 tons)
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