Price for Copper; Strip, of A Thickness Exceeding 0.15mm, of Refined Copper, in Coils in Kuwait - 2022

Contents:

1. Price for Copper; Strip, of A Thickness Exceeding 0.15mm, of Refined Copper, in Coils in Kuwait (CIF) - 2022
2. Price for Copper; Strip, of A Thickness Exceeding 0.15mm, of Refined Copper, in Coils in Kuwait (FOB) - 2022
3. Imports of Copper; Strip, of A Thickness Exceeding 0.15mm, of Refined Copper, in Coils in Kuwait
4. Exports of Copper; Strip, of A Thickness Exceeding 0.15mm, of Refined Copper, in Coils in Kuwait

Price for Copper; Strip, of A Thickness Exceeding 0.15mm, of Refined Copper, in Coils in Kuwait (CIF) - 2022

The average import price for copper; strip, of a thickness exceeding 0.15mm, of refined copper, in coilses stood at $11,439 per ton in 2022, picking up by 18% against the previous year. Overall, import price indicated slight growth from 2012 to 2022: its price increased at an average annual rate of +1.3% 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; strip, of a thickness exceeding 0.15mm, of refined copper, in coilses increased by +70.1% against 2020 indices. The most prominent rate of growth was recorded in 2021 an increase of 44%. Over the period under review, average import prices attained the peak figure in 2022 and is expected to retain growth in the near future.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Bulgaria ($30,427 per ton), while the price for Egypt ($3,593 per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Germany (+13.3%), while the prices for the other major suppliers experienced more modest paces of growth.

Price for Copper; Strip, of A Thickness Exceeding 0.15mm, of Refined Copper, in Coils in Kuwait (FOB) - 2022

The average export price for copper; strip, of a thickness exceeding 0.15mm, of refined copper, in coilses stood at $11,046 per ton in 2022, with an increase of 39% against the previous year. In general, the export price saw a modest increase. As a result, the export price reached the peak level and is likely to continue growth in the immediate term.

Average prices varied noticeably for the major external markets. In 2022, amid the top suppliers, the country with the highest price was India ($11,048 per ton), while the average price for exports to Saudi Arabia totaled $10,889 per ton.

From 2014 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to India (+39.0%).

Imports of Copper; Strip, of A Thickness Exceeding 0.15mm, of Refined Copper, in Coils in Kuwait

In 2022, imports of copper; strip, of a thickness exceeding 0.15mm, of refined copper, in coilses into Kuwait skyrocketed to 1.5K tons, growing by 63% against the year before. Overall, imports continue to indicate a resilient expansion. The growth pace was the most rapid in 2021 with an increase of 66% against the previous year. Over the period under review, imports of reached the maximum in 2022 and are likely to see gradual growth in the near future.

In value terms, imports of copper; strip, of a thickness exceeding 0.15mm, of refined copper, in coilses surged to $18M in 2022. Over the period under review, imports continue to indicate significant growth. The growth pace was the most rapid in 2021 when imports increased by 140% against the previous year. Imports peaked in 2022 and are expected to retain growth in the immediate term.

Top Suppliers of Copper; Strip, of A Thickness Exceeding 0.15mm, of Refined Copper, in Coils to Kuwait in 2022:

1. Egypt (1072.6 tons)
2. Germany (262.4 tons)
3. Bulgaria (67.0 tons)
4. United Kingdom (56.9 tons)
5. Malaysia (28.9 tons)
6. Turkey (25.0 tons)
7. India (7.9 tons)

Exports of Copper; Strip, of A Thickness Exceeding 0.15mm, of Refined Copper, in Coils in Kuwait

Exports of copper; strip, of a thickness exceeding 0.15mm, of refined copper, in coilses from Kuwait surged to 549 kg in 2022, increasing by 210% compared with 2021 figures. In general, exports, however, showed a precipitous curtailment.

In value terms, exports of copper; strip, of a thickness exceeding 0.15mm, of refined copper, in coilses surged to $6.1K in 2022. Overall, exports, however, recorded a deep slump.

Top Export Markets for Copper; Strip, of A Thickness Exceeding 0.15mm, of Refined Copper, in Coils from Kuwait in 2022:

1. India (540.0 kg)
2. Saudi Arabia (9.0 kg)

Source: IndexBox Market Intelligence Platform