Report Update Nov 1, 2024

Kuwait - Copper Ores and Concentrates - Market Analysis, Forecast, Size, Trends and Insights

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Kuwait: Market for Copper Ores And Concentrates 2024

Market Size for Copper Ores And Concentrates in Kuwait

The Kuwaiti copper ores and concentrates market contracted slightly to $X in 2021, remaining relatively unchanged against the previous year. Over the period under review, the total consumption indicated slight growth from 2012 to 2021: its value increased at an average annual rate of +1.6% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, consumption decreased by -4.8% against 2018 indices. As a result, consumption reached the peak level of $X. From 2019 to 2021, the growth of the market failed to regain momentum.

Production of Copper Ores And Concentrates in Kuwait

In value terms, copper ores and concentrates production reduced slightly to $X in 2021 estimated in export price. The total output value increased at an average annual rate of +1.7% from 2012 to 2021; the trend pattern remained consistent, with somewhat noticeable fluctuations in certain years. The growth pace was the most rapid in 2018 with an increase of 5.6% against the previous year. As a result, production reached the peak level of $X. From 2019 to 2021, production growth failed to regain momentum.

Exports of Copper Ores And Concentrates

Exports from Kuwait

Copper ores and concentrates exports from Kuwait totaled X tons in 2017, remaining stable against the previous year. Over the period under review, exports showed strong growth. The smallest decline of 99.9% was in 2016. The exports peaked in 2017 and are likely to continue growth in the near future.

In value terms, copper ores and concentrates exports totaled $X in 2017. Overall, exports continue to indicate a strong increase. The smallest decline of 99.9% was in 2016. Over the period under review, the exports reached the peak figure in 2017 and are likely to see gradual growth in years to come.

Exports by Country

Saudi Arabia (X tons) was the main destination for copper ores and concentrates exports from Kuwait, accounting for a approx. 100% share of total exports.

From 2012 to 2017, the average annual growth rate of volume to Saudi Arabia was relatively modest.

From 2012 to 2017, the average annual rate of growth in terms of value to Saudi Arabia was relatively modest.

Export Prices by Country

In 2017, the average copper ores and concentrates export price amounted to $X per ton, standing approx. at the previous year. Overall, the export price recorded a noticeable descent. The growth pace was the most rapid in 2016 when the average export price decreased by 99.9%. Over the period under review, the average export prices hit record highs at $X per ton in 2015; however, from 2016 to 2017, the export prices failed to regain momentum.

As there is only one major export destination, the average price level is determined by prices for Saudi Arabia.

From 2015 to 2017, the rate of growth in terms of prices for the Netherlands amounted to 0.0% per year.

Imports of Copper Ores And Concentrates

Imports into Kuwait

In 2021, imports of copper ores and concentrates into Kuwait dropped significantly to X kg, reducing by -19.9% on the year before. Over the period under review, imports faced a dramatic decline. The most prominent rate of growth was recorded in 2015 when imports increased by 153% against the previous year. As a result, imports reached the peak of X tons. From 2016 to 2021, the growth of imports remained at a lower figure.

In value terms, copper ores and concentrates imports dropped remarkably to $X in 2021. In general, imports saw a dramatic descent. The pace of growth was the most pronounced in 2015 when imports increased by 189% against the previous year. As a result, imports reached the peak of $X. From 2016 to 2021, the growth of imports remained at a somewhat lower figure.

Imports by Country

India (X kg) and the UK (X kg) were the main suppliers of copper ores and concentrates imports to Kuwait.

From 2012 to 2021, the biggest increases were in the UK (with a CAGR of -4.7%).

In value terms, India ($X) constituted the largest supplier of copper ores and concentrates to Kuwait, comprising 91% of total imports. The second position in the ranking was taken by the UK ($X), with an 8.6% share of total imports.

From 2012 to 2021, the average annual rate of growth in terms of value from India totaled -32.0%.

Import Prices by Country

In 2021, the average copper ores and concentrates import price amounted to $X per ton, surging by 6% against the previous year. Overall, the import price recorded a remarkable increase. The most prominent rate of growth was recorded in 2016 when the average import price increased by 24%. Over the period under review, average import prices attained the peak figure in 2021 and is likely to see gradual growth in the immediate term.

Prices varied noticeably country of origin: the country with the highest price was India ($X per ton), while the price for the UK totaled $X per ton.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by India (+14.7%), while the prices for the other major suppliers experienced a decline.

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :

What are the largest markets for copper ores and concentrates in the world?

Kazakhstan constituted the country with the largest volume of copper ores and concentrates consumption, accounting for 54% of total volume. Moreover, copper ores and concentrates consumption in Kazakhstan exceeded the figures recorded by the second-largest consumer, China, threefold. The third position in this ranking was occupied by Chile, with a 5% share.

What are the largest producers of copper ores and concentrates in the world?

Kazakhstan constituted the country with the largest volume of copper ores and concentrates production, accounting for 61% of total volume. Moreover, copper ores and concentrates production in Kazakhstan exceeded the figures recorded by the second-largest producer, Chile, eightfold. The third position in this ranking was occupied by Peru, with a 7.4% share.

What are the leading suppliers of copper ores and concentrates to Kuwait?

In value terms, the largest copper ores and concentrates suppliers to Kuwait were India and the UK.

What is the average export price for copper ores and concentrates in Kuwait?

The average copper ores and concentrates export price stood at $1,167 per ton in 2017, approximately equating the previous year.

What is the average import price for copper ores and concentrates in Kuwait?

In 2021, the average copper ores and concentrates import price amounted to $17,167 per ton, waning by -3.2% against the previous year.

This report provides an in-depth analysis of the market for copper ores and concentrates 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 07291100 - Copper ores and concentrates

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
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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