Report Update Nov 1, 2024

Kuwait - Copper Bars, Wire and Plates - Market Analysis, Forecast, Size, Trends and Insights

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Kuwait: Market for Copper Bars, Wire And Plates 2024

Market Size for Copper Bars, Wire And Plates in Kuwait

The Kuwaiti market for copper bars, wire and plates declined to $X in 2021, reducing by -8% against the previous year. This figure reflects the total revenues of producers and importers (excluding logistics costs, retail marketing costs, and retailers' margins, which will be included in the final consumer price). Over the period under review, consumption, however, recorded a tangible expansion. Copper bars, wire and plates consumption peaked at $X in 2015; however, from 2016 to 2021, consumption remained at a lower figure.

Exports of Copper Bars, Wire And Plates

Exports from Kuwait

In 2021, shipments abroad of copper bars, wire and plates increased by 7.3% to X tons, rising for the third year in a row after two years of decline. In general, exports, however, saw a relatively flat trend pattern. The pace of growth appeared the most rapid in 2016 with an increase of 36%. Over the period under review, the exports reached the maximum at X tons in 2014; however, from 2015 to 2021, the exports remained at a lower figure.

In value terms, copper bars, wire and plates exports surged to $X in 2021. Overall, exports, however, saw a relatively flat trend pattern. Over the period under review, the exports hit record highs at $X in 2014; however, from 2015 to 2021, the exports remained at a lower figure.

Exports by Country

The United Arab Emirates (X tons), Bahrain (X tons) and Iraq (X tons) were the main destinations of copper bars, wire and plates exports from Kuwait, with a combined 85% share of total exports.

From 2012 to 2021, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by Iraq (with a CAGR of +20.2%), while the other leaders experienced mixed trend patterns.

In value terms, the United Arab Emirates ($X), Bahrain ($X) and Iraq ($X) were the largest markets for copper bars, wire and plates exported from Kuwait worldwide, together accounting for 83% of total exports.

Iraq, with a CAGR of +21.0%, saw the highest growth rate of the value of exports, in terms of the main countries of destination over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

In 2021, the average export price for copper bars, wire and plates amounted to $X per ton, picking up by 36% against the previous year. In general, the export price, however, continues to indicate a relatively flat trend pattern. The export price peaked at $X per ton in 2012; afterwards, it flattened through to 2021.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Jordan ($X per ton), while the average price for exports to Iraq ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was recorded for supplies to China (+33.9%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Copper Bars, Wire And Plates

Imports into Kuwait

Copper bars, wire and plates imports into Kuwait declined significantly to X tons in 2021, waning by -16% compared with 2020 figures. Overall, imports, however, posted a perceptible increase. The pace of growth appeared the most rapid in 2015 when imports increased by 76%. As a result, imports reached the peak of X tons. From 2016 to 2021, the growth of imports failed to regain momentum.

In value terms, copper bars, wire and plates imports fell modestly to $X in 2021. In general, imports, however, posted pronounced growth. The most prominent rate of growth was recorded in 2013 when imports increased by 67%. Imports peaked at $X in 2015; however, from 2016 to 2021, imports failed to regain momentum.

Imports by Country

Russia (X tons), the United Arab Emirates (X tons) and Jordan (X tons) were the main suppliers of copper bars, wire and plates imports to Kuwait, with a combined 70% share of total imports.

From 2012 to 2021, the biggest increases were recorded for the United Arab Emirates (with a CAGR of +65.1%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, the United Arab Emirates ($X) constituted the largest supplier of copper bars, wire and plates to Kuwait, comprising 43% of total imports. The second position in the ranking was taken by Russia ($X), with a 15% share of total imports. It was followed by Jordan, with a 7.6% share.

From 2012 to 2021, the average annual rate of growth in terms of value from the United Arab Emirates totaled +77.8%. The remaining supplying countries recorded the following average annual rates of imports growth: Russia (-14.0% per year) and Jordan (+25.2% per year).

Import Prices by Country

The average import price for copper bars, wire and plates stood at $X per ton in 2021, jumping by 16% against the previous year. Overall, the import price, however, saw a slight contraction. The most prominent rate of growth was recorded in 2017 when the average import price increased by 25% against the previous year. Over the period under review, average import prices hit record highs at $X per ton in 2012; however, from 2013 to 2021, import prices failed to regain momentum.

There were significant differences in the average prices amongst the major supplying countries. In 2021, amid the top importers, the country with the highest price was Turkey ($X per ton), while the price for Egypt ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Turkey (+13.0%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :

What are the largest markets for copper bars, wire and plates in the world?

The country with the largest volume of copper bars, wire and plates consumption was China, accounting for 28% of total volume. Moreover, copper bars, wire and plates consumption in China exceeded the figures recorded by the second-largest consumer, India, threefold. The third position in this ranking was occupied by the United States, with a 9.3% share.

What are the largest producers of copper bars, wire and plates in the world?

China remains the largest copper bars, wire and plates producing country worldwide, accounting for 27% of total volume. Moreover, copper bars, wire and plates production in China exceeded the figures recorded by the second-largest producer, India, threefold. The United States ranked third in terms of total production with an 8.8% share.

What are the leading suppliers of copper bars, wire and plates to Kuwait?

In value terms, Russia constituted the largest supplier of copper bars, wire and plates to Kuwait, comprising 64% of total imports. The second position in the ranking was occupied by the United Arab Emirates, with a 14% share of total imports. It was followed by Jordan, with an 8% share.

What are the leading importers of copper bars, wire and plates from Kuwait?

In value terms, the largest markets for copper bars, wire and plates exported from Kuwait were the United Arab Emirates, Jordan and Bahrain, with a combined 74% share of total exports. Iraq, Qatar and Oman lagged somewhat behind, together comprising a further 26%.

What is the average export price for copper bars, wire and plates in Kuwait?

In 2021, the average export price for copper bars, wire and plates amounted to $3,873 per ton, flattening at the previous year.

What is the average import price for copper bars, wire and plates in Kuwait?

In 2021, the average import price for copper bars, wire and plates amounted to $6,148 per ton, flattening at the previous year.

This report provides an in-depth analysis of the market for copper bars, wire and plates in Kuwait. Within it, you will discover the latest data on market trends and opportunities by country, consumption, production and price developments, as well as the global trade (imports and exports). The forecast exhibits the market prospects through 2030.

Product coverage:

Prodcom 24442200 - Copper and copper alloy bars, rods, profiles and hollow profiles (excluding bars and rods obtained by casting or sintering, copper wire rod in coils)
Prodcom 24442330 - Copper wire, refined (transv. section > 6 mm), of copper alloy
Prodcom 24442350 - Copper wire with cross-sectional dimension > 0,5 mm, . 6 mm (excluding twine or cord reinforced with wire, stranded wire and cables)
Prodcom 24442370 - Copper wire with cross-sectional dimension . 0,5 mm (excluding twine or cord reinforced with wire, stranded wire and cables)
Prodcom 24442400 - Copper and copper alloy plates, sheets and strip of a thickness > 0,15 mm (excluding expanded copper metal, i nsulated electric strip)

Country coverage:

Kuwait

Data coverage:

Market volume and value
Per Capita consumption
Forecast of the market dynamics in the medium term
Trade (exports and imports) in Kuwait
Export and import prices
Market trends, drivers and restraints
Key market players and their profiles

Reasons to buy this report:

Take advantage of the latest data
Find deeper insights into current market developments
Discover vital success factors affecting the market

This report is designed for manufacturers, distributors, importers, and wholesalers, as well as for investors, consultants and advisors.

In this report, you can find information that helps you to make informed decisions on the following issues:

How to diversify your business and benefit from new market opportunities
How to load your idle production capacity
How to boost your sales on overseas markets
How to increase your profit margins
How to make your supply chain more sustainable
How to reduce your production and supply chain costs
How to outsource production to other countries
How to prepare your business for global expansion

While doing this research, we combine the accumulated expertise of our analysts and the capabilities of artificial intelligence. The AI-based platform, developed by our data scientists, constitutes the key working tool for business analysts, empowering them to discover deep insights and ideas from the marketing data.

1. INTRODUCTION

Making Data-Driven Decisions to Grow Your Business
1. REPORT DESCRIPTION
2. RESEARCH METHODOLOGY AND AI PLATFORM
3. DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
4. GLOSSARY AND SPECIFIC TERMS
2. EXECUTIVE SUMMARY

A Quick Overview of Market Performance
1. KEY FINDINGS
2. MARKET TRENDS This Chapter is Available Only for the Professional Edition PRO
3. MARKET OVERVIEW

Understanding the Current State of The Market and Its Prospects
1. MARKET SIZE
2. MARKET STRUCTURE
3. TRADE BALANCE
4. PER CAPITA CONSUMPTION
5. MARKET FORECAST TO 2030
4. MOST PROMISING PRODUCT

Finding New Products to Diversify Your Business
This Chapter is Available Only for the Professional Edition PRO
1. TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
2. BEST-SELLING PRODUCTS
3. MOST CONSUMED PRODUCT
4. MOST TRADED PRODUCT
5. MOST PROFITABLE PRODUCT FOR EXPORT
5. MOST PROMISING SUPPLYING COUNTRIES

Choosing the Best Countries to Establish Your Sustainable Supply Chain
This Chapter is Available Only for the Professional Edition PRO
1. TOP COUNTRIES TO SOURCE YOUR PRODUCT
2. TOP PRODUCING COUNTRIES
3. TOP EXPORTING COUNTRIES
4. LOW-COST EXPORTING COUNTRIES
6. MOST PROMISING OVERSEAS MARKETS

Choosing the Best Countries to Boost Your Exports
This Chapter is Available Only for the Professional Edition PRO
1. TOP OVERSEAS MARKETS FOR EXPORTING YOUR PRODUCT
2. TOP CONSUMING MARKETS
3. UNSATURATED MARKETS
4. TOP IMPORTING MARKETS
5. MOST PROFITABLE MARKETS
7. PRODUCTION

The Latest Trends and Insights into The Industry
1. PRODUCTION VOLUME AND VALUE
8. IMPORTS
The Largest Import Supplying Countries
1. IMPORTS FROM 2012–2023
2. IMPORTS BY COUNTRY
3. IMPORT PRICES BY COUNTRY
9. EXPORTS
The Largest Destinations for Exports
1. EXPORTS FROM 2012–2023
2. EXPORTS BY COUNTRY
3. EXPORT PRICES BY COUNTRY
10. PROFILES OF MAJOR PRODUCERS

The Largest Producers on The Market and Their Profiles
This Chapter is Available Only for the Professional Edition PRO
LIST OF TABLES
1. Key Findings In 2023
2. Market Volume, In Physical Terms, 2012–2023
3. Market Value, 2012–2023
4. Per Capita Consumption In 2012-2023
5. Imports, In Physical Terms, By Country, 2012–2023
6. Imports, In Value Terms, By Country, 2012–2023
7. Import Prices, By Country Of Origin, 2012–2023
8. Exports, In Physical Terms, By Country, 2012–2023
9. Exports, In Value Terms, By Country, 2012–2023
10. Export Prices, By Country Of Destination, 2012–2023
LIST OF FIGURES
1. Market Volume, In Physical Terms, 2012–2023
2. Market Value, 2012–2023
3. Market Structure – Domestic Supply vs. Imports, In Physical Terms, 2012-2023
4. Market Structure – Domestic Supply vs. Imports, In Value Terms, 2012-2023
5. Trade Balance, In Physical Terms, 2012-2023
6. Trade Balance, In Value Terms, 2012-2023
7. Per Capita Consumption, 2012-2023
8. Market Volume Forecast to 2030
9. Market Value Forecast to 2030
10. Products: Market Size And Growth, By Type
11. Products: Average Per Capita Consumption, By Type
12. Products: Exports And Growth, By Type
13. Products: Export Prices And Growth, By Type
14. Production Volume And Growth
15. Exports And Growth
16. Export Prices And Growth
17. Market Size And Growth
18. Per Capita Consumption
19. Imports And Growth
20. Import Prices
21. Production, In Physical Terms, 2012–2023
22. Production, In Value Terms, 2012–2023
23. Imports, In Physical Terms, 2012–2023
24. Imports, In Value Terms, 2012–2023
25. Imports, In Physical Terms, By Country, 2023
26. Imports, In Physical Terms, By Country, 2012–2023
27. Imports, In Value Terms, By Country, 2012–2023
28. Import Prices, By Country Of Origin, 2012–2023
29. Exports, In Physical Terms, 2012–2023
30. Exports, In Value Terms, 2012–2023
31. Exports, In Physical Terms, By Country, 2023
32. Exports, In Physical Terms, By Country, 2012–2023
33. Exports, In Value Terms, By Country, 2012–2023
34. Export Prices, By Country Of Destination, 2012–2023