Price for Copper; Tube or Pipe Fittings (Eg Couplings, Elbows, Sleeves) in Kuwait - 2022

Contents:

1. Price for Copper; Tube or Pipe Fittings (Eg Couplings, Elbows, Sleeves) in Kuwait (CIF) - 2022
2. Price for Copper; Tube or Pipe Fittings (Eg Couplings, Elbows, Sleeves) in Kuwait (FOB) - 2022
3. Imports of Copper; Tube or Pipe Fittings (Eg Couplings, Elbows, Sleeves) in Kuwait
4. Exports of Copper; Tube or Pipe Fittings (Eg Couplings, Elbows, Sleeves) in Kuwait

Price for Copper; Tube or Pipe Fittings (Eg Couplings, Elbows, Sleeves) in Kuwait (CIF) - 2022

The average import price for copper; tube or pipe fittings (eg couplings, elbows, sleeves)s stood at $22,065 per ton in December 2022, approximately equating the previous month. In general, import price indicated a resilient expansion from December 2021 to December 2022: its price increased at an average monthly rate of +8.1% over the last twelve months. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on December 2022 figures, import price for copper; tube or pipe fittings (eg couplings, elbows, sleeves)s increased by +1.9% against September 2022 indices. The growth pace was the most rapid in January 2022 an increase of 157% m-o-m. As a result, import price attained the peak level of $22,336 per ton. From February 2022 to December 2022, the average import prices failed to regain momentum.

Average prices varied noticeably amongst the major supplying countries. In December 2022, the highest price was recorded for prices from Malaysia ($22,378 per ton) and Germany ($22,378 per ton), while the price for the United States ($21,375 per ton) and India ($21,716 per ton) were amongst the lowest.

From December 2021 to December 2022, the most notable rate of growth in terms of prices was attained by Turkey (+16.3%), while the prices for the other major suppliers experienced more modest paces of growth.

Price for Copper; Tube or Pipe Fittings (Eg Couplings, Elbows, Sleeves) in Kuwait (FOB) - 2022

The average export price for copper; tube or pipe fittings (eg couplings, elbows, sleeves)s stood at $29,126 per ton in 2022, growing by 174% against the previous year. In general, the export price showed prominent growth. As a result, the export price attained the peak level and is likely to continue growth in the immediate term.

There were significant differences in the average prices for the major overseas markets. In 2022, amid the top suppliers, the country with the highest price was Bahrain ($47,790 per ton), while the average price for exports to India ($8,099 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 (+22.7%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Copper; Tube or Pipe Fittings (Eg Couplings, Elbows, Sleeves) in Kuwait

In 2022, imports of copper; tube or pipe fittings (eg couplings, elbows, sleeves)s into Kuwait fell rapidly to 348 tons, waning by -25.2% on the previous year. In general, imports showed a abrupt downturn. The most prominent rate of growth was recorded in 2021 when imports increased by 20%.

In value terms, imports of copper; tube or pipe fittings (eg couplings, elbows, sleeves)s dropped notably to $5.3M in 2022. Over the period under review, imports recorded a abrupt shrinkage. The pace of growth appeared the most rapid in 2021 when imports increased by 33% against the previous year. As a result, imports attained the peak of $6.9M, and then reduced dramatically in the following year.

Top Suppliers of Copper; Tube or Pipe Fittings (Eg Couplings, Elbows, Sleeves) to Kuwait in 2022:

1. China (156.0 tons)
2. Italy (45.9 tons)
3. Saudi Arabia (43.2 tons)
4. Germany (20.8 tons)
5. United Kingdom (20.5 tons)
6. India (15.3 tons)
7. United States (15.2 tons)

Exports of Copper; Tube or Pipe Fittings (Eg Couplings, Elbows, Sleeves) in Kuwait

Exports of copper; tube or pipe fittings (eg couplings, elbows, sleeves)s from Kuwait soared to 4.7 tons in 2022, rising by 428% on 2021 figures. Over the period under review, exports enjoyed a significant expansion. As a result, the exports attained the peak and are likely to continue growth in the immediate term.

In value terms, exports of copper; tube or pipe fittings (eg couplings, elbows, sleeves)s soared to $138K in 2022. In general, exports continue to indicate a significant increase. As a result, the exports reached the peak and are likely to continue growth in the immediate term.

Top Export Markets for Copper; Tube or Pipe Fittings (Eg Couplings, Elbows, Sleeves) from Kuwait in 2022:

1. Bahrain (1595.0 kg)
2. India (1327.0 kg)
3. United Arab Emirates (847.0 kg)
4. Jordan (702.0 kg)
5. Saudi Arabia (249.0 kg)
6. South Korea (5.0 kg)

Source: IndexBox Market Intelligence Platform