Price for Copper; Refined, Unwrought, Wire-Bars in Kuwait - 2021

Contents:

1. Price for Copper; Refined, Unwrought, Wire-Bars in Kuwait (FOB) - 2022
2. Price for Copper; Refined, Unwrought, Wire-Bars in Kuwait (CIF) - 2022
3. Exports of Copper; Refined, Unwrought, Wire-Bars in Kuwait
4. Imports of Copper; Refined, Unwrought, Wire-Bars in Kuwait

Price for Copper; Refined, Unwrought, Wire-Bars in Kuwait (FOB) - 2022

In 2022, the average copper; refined, unwrought, wire-bars export price amounted to $1,598 per ton, with a decrease of -76.3% against the previous year. Over the period under review, the export price saw a abrupt decrease. The most prominent rate of growth was recorded in 2013 an increase of 1,269% against the previous year. As a result, the export price attained the peak level of $36,480 per ton. From 2014 to 2022, the average export prices remained at a somewhat lower figure.

As there is only one major export destination, the average price level is determined by prices for Oman.

From 2012 to 2022, the rate of growth in terms of prices for Oman amounted to -5.0% per year.

Price for Copper; Refined, Unwrought, Wire-Bars in Kuwait (CIF) - 2022

In 2022, the average copper; refined, unwrought, wire-bars import price amounted to $4,251 per ton, increasing by 34% against the previous year. In general, the import price, however, recorded a deep contraction. Over the period under review, average import prices hit record highs at $8,177 per ton in 2012; however, from 2013 to 2022, import prices failed to regain momentum.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Russia ($4,759 per ton), while the price for South Korea ($532 per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by South Korea (-5.2%), while the prices for the other major suppliers experienced a decline.

Exports of Copper; Refined, Unwrought, Wire-Bars in Kuwait

In 2022, approx. 1.2K tons of copper; refined, unwrought, wire-barses were exported from Kuwait; increasing by 217% against 2021 figures. Overall, exports enjoyed significant growth. The pace of growth appeared the most rapid in 2020 when exports increased by 223% against the previous year. The exports peaked in 2022 and are likely to see steady growth in the immediate term.

In value terms, copper; refined, unwrought, wire-bars exports reduced remarkably to $1.9M in 2022. Over the period under review, exports showed a significant increase. The pace of growth appeared the most rapid in 2020 when exports increased by 121%.

Top Export Markets for Copper; Refined, Unwrought, Wire-Bars from Kuwait in 2022:

1. Oman (1.2K tons)

Imports of Copper; Refined, Unwrought, Wire-Bars in Kuwait

Copper; refined, unwrought, wire-bars imports into Kuwait reduced to 67 tons in 2022, waning by -6.3% on 2021 figures. In general, imports saw a deep downturn. The pace of growth appeared the most rapid in 2021 when imports increased by 11% against the previous year.

In value terms, copper; refined, unwrought, wire-bars imports surged to $283K in 2022. Over the period under review, imports recorded a dramatic shrinkage.

Top Suppliers of Copper; Refined, Unwrought, Wire-Bars to Kuwait in 2022:

1. Russia (55.4 tons)
2. South Korea (5.0 tons)
3. Oman (4.2 tons)

Source: IndexBox Market Intelligence Platform