Price for Copper Tube or Pipe Fitting in Kuwait - 2021

Contents:

1. Price for Copper Tube or Pipe Fitting in Kuwait (CIF) - 2022
2. Price for Copper Tube or Pipe Fitting in Kuwait (FOB) - 2022
3. Imports of Copper Tube or Pipe Fitting in Kuwait
4. Exports of Copper Tube or Pipe Fitting in Kuwait

Price for Copper Tube or Pipe Fitting in Kuwait (CIF) - 2022

The average import price for tube or pipe fittings, couplings, elbows, sleeves of refined copper stood at $14,869 per ton in 2022, with an increase of 10% against the previous year. Overall, the import price, however, saw a relatively flat trend pattern. The growth pace was the most rapid in 2019 an increase of 45%. The import price peaked at $18,198 per ton in 2013; however, from 2014 to 2022, import prices remained at a lower figure.

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 the UK ($87,350 per ton), while the price for Turkey ($4,465 per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by the UK (+22.6%), while the prices for the other major suppliers experienced more modest paces of growth.

Price for Copper Tube or Pipe Fitting in Kuwait (FOB) - 2022

The average export price for tube or pipe fittings, couplings, elbows, sleeves of refined copper stood at $7,118 per ton in 2022, surging by 2.7% against the previous year. In general, the export price, however, recorded a deep downturn. The growth pace was the most rapid in 2013 an increase of 42% against the previous year. As a result, the export price attained the peak level of $39,557 per ton. From 2014 to 2022, the average export prices remained at a lower figure.

Average prices varied noticeably for the major overseas markets. In 2022, amid the top suppliers, the country with the highest price was the United Arab Emirates ($8,040 per ton), while the average price for exports to Saudi Arabia totaled $6,534 per ton.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Saudi Arabia (-5.0%).

Imports of Copper Tube or Pipe Fitting in Kuwait

In 2022, overseas purchases of tube or pipe fittings, couplings, elbows, sleeves of refined copper decreased by -1.3% to 202 tons, falling for the second year in a row after two years of growth. The total import volume increased at an average annual rate of +4.0% from 2019 to 2022; the trend pattern remained relatively stable, with somewhat noticeable fluctuations being recorded in certain years. The most prominent rate of growth was recorded in 2020 when imports increased by 25% against the previous year. As a result, imports reached the peak of 225 tons. From 2021 to 2022, the growth of imports remained at a lower figure.

In value terms, copper tube or pipe fitting imports totaled $3M in 2022. The total import value increased at an average annual rate of +2.1% over the period from 2019 to 2022; the trend pattern remained relatively stable, with somewhat noticeable fluctuations being observed throughout the analyzed period. The pace of growth appeared the most rapid in 2020 when imports increased by 15% against the previous year. As a result, imports attained the peak of $3.2M. From 2021 to 2022, the growth of imports remained at a somewhat lower figure.

Top Suppliers of Copper Tube or Pipe Fitting to Kuwait in 2022:

1. Saudi Arabia (106.3 tons)
2. China (45.1 tons)
3. Malaysia (27.8 tons)
4. Turkey (7.9 tons)
5. United States (7.4 tons)
6. India (0.7 tons)
7. United Kingdom (0.2 tons)

Exports of Copper Tube or Pipe Fitting in Kuwait

After three years of growth, shipments abroad of tube or pipe fittings, couplings, elbows, sleeves of refined copper decreased by -22.8% to 4.1 tons in 2022. Over the period under review, exports, however, enjoyed a significant expansion. The pace of growth was the most pronounced in 2020 when exports increased by 282%.

In value terms, copper tube or pipe fitting exports declined sharply to $29K in 2022. Overall, exports, however, continue to indicate a significant increase. The most prominent rate of growth was recorded in 2020 when exports increased by 243% against the previous year.

Top Export Markets for Copper Tube or Pipe Fitting from Kuwait in 2022:

1. Saudi Arabia (2.5 tons)
2. United Arab Emirates (1.6 tons)

Source: IndexBox Market Intelligence Platform