Copper; Master Alloys Price in Kuwait - 2022
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Copper; Master Alloys Price in Kuwait (CIF) - 2022
In 2022, the average copper; master alloys import price amounted to $4,499 per ton, with a decrease of -19.8% against the previous year. In general, the import price showed a abrupt descent. The pace of growth was the most pronounced in 2017 when the average import price increased by 106% against the previous year. As a result, import price attained the peak level of $11,381 per ton. From 2018 to 2022, the average import prices failed to regain momentum.
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 South Korea ($40,375 per ton), while the price for Syrian Arab Republic ($841 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 (+15.0%), while the prices for the other major suppliers experienced mixed trend patterns.
Copper; Master Alloys Imports in Kuwait
In 2022, imports of copper; master alloyses into Kuwait surged to 517 kg, growing by 25% compared with 2021. Over the period under review, total imports indicated a strong expansion from 2019 to 2022: its volume increased at an average annual rate of +12.1% over the last three-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +65.7% against 2020 indices. The pace of growth appeared the most rapid in 2021 when imports increased by 32% against the previous year. Over the period under review, imports reached the peak figure in 2022 and are likely to see gradual growth in the near future.
In value terms, copper; master alloys imports stood at $2.3K in 2022. Overall, imports, however, faced a drastic downturn.
| Import of Copper; Master Alloys in Kuwait (USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| India | 2,442 | 1,724 | 1,688 | 1,720 | -11.0% |
| South Korea | 506 | 346 | 328 | 323 | -13.9% |
| United States | 296 | 203 | 193 | 191 | -13.6% |
| Syrian Arab Republic | 80.0 | 66.0 | 99.0 | 90.0 | 4.0% |
| Others | 8.0 | 4.0 | 3.0 | 2.0 | -37.0% |
| Total | 3,332 | 2,343 | 2,311 | 2,326 | -11.3% |
Top Suppliers of Copper; Master Alloys to Kuwait in 2022:
- India (393.0 kg)
- Syrian Arab Republic (107.0 kg)
- United States (8.0 kg)
- South Korea (8.0 kg)
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