Price for Cupro-Nickel and Nickel Silver Tubes and Pipes in Kuwait - 2022

Contents:

  1. Price for Cupro-Nickel and Nickel Silver Tubes and Pipes in Kuwait (CIF) - 2022
  2. Imports of Cupro-Nickel and Nickel Silver Tubes and Pipes in Kuwait

Price for Cupro-Nickel and Nickel Silver Tubes and Pipes in Kuwait (CIF) - 2022

The average import price for tubes and pipes of copper-nickel base alloys (cupro-nickel) or copper-nickel-zinc base alloys (nickel silver) stood at $17,210 per ton in 2022, increasing by 11% against the previous year. Over the period from 2012 to 2022, it increased at an average annual rate of +3.6%. The pace of growth was the most pronounced in 2021 when the average import price increased by 21% against the previous year. Over the period under review, average import prices reached the maximum in 2022 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 South Korea ($44,643 per ton), while the price for France ($9,870 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 (+14.4%), while the prices for the other major suppliers experienced more modest paces of growth.

Imports of Cupro-Nickel and Nickel Silver Tubes and Pipes in Kuwait

In 2022, purchases abroad of tubes and pipes of copper-nickel base alloys (cupro-nickel) or copper-nickel-zinc base alloys (nickel silver) was finally on the rise to reach 127 tons after two years of decline. Overall, imports, however, saw a noticeable descent.

In value terms, imports of tubes and pipes of copper-nickel base alloys (cupro-nickel) or copper-nickel-zinc base alloys (nickel silver) surged to $2.2M in 2022. In general, total imports indicated a remarkable increase from 2019 to 2022: its value increased at an average annual rate of +9.8% over the last three years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +62.4% against 2020 indices. As a result, imports attained the peak and are likely to continue growth in the immediate term.

Import of Cupro-Nickel and Nickel Silver Tubes and Pipes in Kuwait (Thousand USD)
COUNTRY2019202020212022CAGR,
2019-2022
India8241,1021,1871,90032.1%
South Korea60280.911291.6-46.6%
France68.465.660.662.3-3.1%
United Kingdom29.745.250.660.827.0%
Germany46.57.378.145.6-0.6%
Italy57.66.65.95.9-53.2%
Others23.537.625.218.4-7.8%
Total1,6521,3451,5192,1849.8%

Top Suppliers of Cupro-Nickel and Nickel Silver Tubes and Pipes to Kuwait in 2022:

  1. India (109.7 tons)
  2. France (6.3 tons)
  3. United Kingdom (3.5 tons)
  4. Germany (2.6 tons)
  5. South Korea (2.1 tons)
  6. Italy (0.9 tons)

Source: IndexBox Market Intelligence Platform

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Free Data: Copper; tubes and pipes, of copper-nickel base alloys (cupro-nickel) or copper-nickel-zinc base alloys (nickel silver) - Kuwait