Price for Zinc; Dust, Powders and Flakes in Kuwait - 2021

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

The average import price for zinc; dust, powders and flakeses stood at $4,802 per ton in 2022, jumping by 35% against the previous year. Over the period under review, import price indicated a resilient expansion from 2012 to 2022: its price increased at an average annual rate of +6.0% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, zinc; dust, powders and flakes import price increased by +81.2% against 2020 indices. As a result, import price attained the peak level and is likely to continue growth in the immediate term.

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 ($38,833 per ton), while the price for South Korea ($1,704 per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Belgium (+31.1%), while the prices for the other major suppliers experienced more modest paces of growth.

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

In 2022, the average export price for zinc; dust, powders and flakeses amounted to $1,813 per ton, remaining relatively unchanged against the previous year. Overall, export price indicated a notable expansion from 2012 to 2022: its price increased at an average annual rate of +4.5% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, zinc; dust, powders and flakes export price decreased by -0.0% against 2020 indices. The most prominent rate of growth was recorded in 2020 an increase of 45% against the previous year. As a result, the export price reached the peak level of $1,813 per ton; afterwards, it flattened through to 2022.

There were significant differences in the average prices for the major external markets. In 2022, amid the top suppliers, the country with the highest price was the United Arab Emirates ($1,955 per ton), while the average price for exports to India stood at $613 per ton.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to the United Arab Emirates (+4.7%).

Imports of Zinc; Dust, Powders and Flakes in Kuwait

In 2022, imports of zinc; dust, powders and flakeses into Kuwait dropped notably to 40 tons, which is down by -77.9% on the previous year's figure. Over the period under review, imports recorded a precipitous shrinkage. The smallest decline of -27.5% was in 2020.

In value terms, zinc; dust, powders and flakes imports declined dramatically to $194K in 2022. In general, imports faced a precipitous decrease. The smallest decline of -12.7% was in 2021.

Import of Zinc; Dust, Powders and Flakes in Kuwait (Thousand USD)
COUNTRY	2019	2020	2021	2022	CAGR, 2019-2022
Saudi Arabia	877	494	397	118	-48.8%
South Africa	121	100	97.8	21.6	-43.7%
India	47.3	47.3	55.5	14.8	-32.1%
Malaysia	76.4	43.2	22.1	13.4	-44.0%
South Korea	66.1	51.4	46.9	9.7	-47.3%
Others	10.4	6.5	29.1	16.1	15.7%
Total	1,198	742	648	194	-45.5%

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

Saudi Arabia (24.2 tons)
South Korea (5.7 tons)
South Africa (5.2 tons)
Malaysia (1.8 tons)
India (1.4 tons)

Exports of Zinc; Dust, Powders and Flakes in Kuwait

In 2022, exports of zinc; dust, powders and flakeses from Kuwait reached 52 tons, leveling off at 2021 figures. Over the period under review, exports posted a significant increase. The most prominent rate of growth was recorded in 2020 with an increase of 170% against the previous year. Over the period under review, the exports hit record highs in 2022 and are likely to continue growth in the near future.

In value terms, zinc; dust, powders and flakes exports stood at $95K in 2022. In general, exports enjoyed a significant expansion. The pace of growth was the most pronounced in 2020 with an increase of 290% against the previous year. The exports peaked in 2022 and are likely to see steady growth in the immediate term.