Price for Copper Alloy Tube or Pipe Fitting in Kuwait - 2022
Contents:
- Price for Copper Alloy Tube or Pipe Fitting in Kuwait (CIF) - 2022
- Price for Copper Alloy Tube or Pipe Fitting in Kuwait (FOB) - 2022
- Imports of Copper Alloy Tube or Pipe Fitting in Kuwait
- Exports of Copper Alloy Tube or Pipe Fitting in Kuwait
Price for Copper Alloy Tube or Pipe Fitting in Kuwait (CIF) - 2022
In 2022, the average import price for tube or pipe fittings, couplings, elbows, sleeves of copper alloys amounted to $14,492 per ton, growing by 2.1% against the previous year. In general, the import price, however, continues to indicate a perceptible decline. The pace of growth appeared the most rapid in 2016 when the average import price increased by 16% against the previous year. As a result, import price attained the peak level of $18,174 per ton. From 2017 to 2022, the average import prices remained at a lower figure.
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 ($26,919 per ton), while the price for Syrian Arab Republic ($4,085 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by India (+2.9%), while the prices for the other major suppliers experienced more modest paces of growth.
Price for Copper Alloy Tube or Pipe Fitting in Kuwait (FOB) - 2022
The average export price for tube or pipe fittings, couplings, elbows, sleeves of copper alloys stood at $31,735 per ton in 2022, rising by 74% against the previous year. Over the period under review, the export price posted prominent growth. As a result, the export price reached the peak level and is likely to continue growth in the immediate term.
Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Saudi Arabia ($60,509 per ton), while the average price for exports to India ($10,173 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 Singapore (+27.5%), while the prices for the other major destinations experienced more modest paces of growth.
Imports of Copper Alloy Tube or Pipe Fitting in Kuwait
In 2022, imports of tube or pipe fittings, couplings, elbows, sleeves of copper alloys into Kuwait dropped remarkably to 242 tons, with a decrease of -17.5% on the previous year's figure. Over the period under review, imports showed a abrupt setback. The pace of growth appeared the most rapid in 2021 when imports increased by 3.4%.
In value terms, imports of tube or pipe fittings, couplings, elbows, sleeves of copper alloys contracted rapidly to $3.5M in 2022. Overall, imports showed a abrupt contraction. The pace of growth was the most pronounced in 2021 with an increase of 18%.
| Import of Copper Alloy Tube or Pipe Fitting in Kuwait (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Italy | 1,042 | 731 | 732 | 1,018 | -0.8% |
| Germany | 452 | 270 | 988 | 477 | 1.8% |
| China | 643 | 150 | 412 | 455 | -10.9% |
| United Kingdom | 658 | 990 | 683 | 419 | -14.0% |
| India | 507 | 278 | 457 | 273 | -18.6% |
| Thailand | 167 | 130 | 104 | 192 | 4.8% |
| United States | 188 | 103 | 191 | 134 | -10.7% |
| Malaysia | 61.1 | 35.5 | 50.0 | 84.6 | 11.5% |
| Syrian Arab Republic | 29.2 | 32.1 | 45.8 | 47.9 | 17.9% |
| South Korea | 879 | 197 | 126 | 39.3 | -64.5% |
| Turkey | 215 | 160 | 92.2 | 16.5 | -57.5% |
| Others | 597 | 445 | 285 | 350 | -16.3% |
| Total | 5,440 | 3,522 | 4,165 | 3,507 | -13.6% |
Top Suppliers of Copper Alloy Tube or Pipe Fitting to Kuwait in 2022:
- Italy (71.0 tons)
- Germany (33.3 tons)
- China (31.8 tons)
- United Kingdom (29.2 tons)
- India (19.0 tons)
- Thailand (13.4 tons)
- Syrian Arab Republic (11.7 tons)
- Malaysia (5.9 tons)
- United States (4.2 tons)
- South Korea (1.5 tons)
- Turkey (1.1 tons)
Exports of Copper Alloy Tube or Pipe Fitting in Kuwait
After two years of decline, shipments abroad of tube or pipe fittings, couplings, elbows, sleeves of copper alloys increased by 2,090% to 3.2 tons in 2022. In general, exports enjoyed significant growth. As a result, the exports attained the peak and are likely to continue growth in the immediate term.
In value terms, exports of tube or pipe fittings, couplings, elbows, sleeves of copper alloys skyrocketed to $100K in 2022. Overall, exports continue to indicate significant growth. As a result, the exports reached the peak and are likely to continue growth in the immediate term.
| Export of Copper Alloy Tube or Pipe Fitting in Kuwait (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Bahrain | N/A | N/A | N/A | 73.0 | 0% |
| India | 0.8 | 1.9 | 0.6 | 10.3 | 134.4% |
| United Arab Emirates | 0.7 | 1.7 | 0.4 | 9.5 | 138.5% |
| Saudi Arabia | 3.0 | 3.3 | 0.6 | 6.4 | 28.7% |
| Turkey | 1.3 | N/A | N/A | N/A | 0% |
| Others | 5.2 | 1.6 | 1.0 | 0.8 | -46.4% |
| Total | 11.1 | 8.5 | 2.6 | 100 | 108.1% |
Top Export Markets for Copper Alloy Tube or Pipe Fitting from Kuwait in 2022:
- Bahrain (1285.0 kg)
- India (1012.0 kg)
- United Arab Emirates (738.0 kg)
- Saudi Arabia (106.0 kg)
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This report provides an in-depth analysis of the market for copper pipe and fitting in Kuwait.
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This report provides an in-depth analysis of the global market for copper pipe and fitting.
