Kuwait: Market for Copper Tubes, Pipes And Fitting 2025

Market Size for Copper Tubes, Pipes And Fitting in Kuwait

The Kuwaiti copper pipe and fitting market rose significantly to $X in 2021, surging by 9% 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, the total consumption indicated noticeable growth from 2012 to 2021: its value increased at an average annual rate of +4.4% 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 -16.3% against 2019 indices. Copper pipe and fitting consumption peaked at $X in 2019; however, from 2020 to 2021, consumption stood at a somewhat lower figure.

Exports of Copper Tubes, Pipes And Fitting

Exports from Kuwait

Copper pipe and fitting exports from Kuwait shrank markedly to X tons in 2021, reducing by -68.7% on the previous year. In general, exports faced a deep contraction. The growth pace was the most rapid in 2014 when exports increased by 127% against the previous year. Over the period under review, the exports reached the maximum at X tons in 2016; however, from 2017 to 2021, the exports failed to regain momentum.

In value terms, copper pipe and fitting exports declined markedly to $X in 2021. Over the period under review, exports saw a abrupt slump. The pace of growth was the most pronounced in 2018 with an increase of 106%. The exports peaked 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), India (X tons) and Saudi Arabia (X kg) were the main destinations of copper pipe and fitting exports from Kuwait, with a combined 91% share of total exports.

From 2012 to 2021, the biggest increases were recorded for Saudi Arabia (with a CAGR of +0.4%), while shipments for the other leaders experienced mixed trend patterns.

In value terms, the United Arab Emirates ($X) remains the key foreign market for copper tubes, pipes and fitting exports from Kuwait, comprising 60% of total exports. The second position in the ranking was held by India ($X), with a 16% share of total exports. It was followed by Saudi Arabia, with a 14% share.

From 2012 to 2021, the average annual rate of growth in terms of value to the United Arab Emirates stood at -14.3%. Exports to the other major destinations recorded the following average annual rates of exports growth: India (-24.0% per year) and Saudi Arabia (+5.0% per year).

Export Prices by Country

The average copper pipe and fitting export price stood at $X per ton in 2021, picking up by 11% against the previous year. In general, the export price, however, continues to indicate a noticeable decrease. The growth pace was the most rapid in 2018 an increase of 159% against the previous year. The export price peaked at $X per ton in 2012; however, from 2013 to 2021, the export prices remained at a lower figure.

There were significant differences in the average prices for the major overseas markets. In 2021, amid the top suppliers, the country with the highest price was Saudi Arabia ($X per ton), while the average price for exports to Thailand ($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 South Korea (+121.7%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Copper Tubes, Pipes And Fitting

Imports into Kuwait

In 2021, imports of copper tubes, pipes and fitting into Kuwait expanded remarkably to X tons, surging by 9.5% compared with the year before. Over the period under review, total imports indicated prominent growth from 2012 to 2021: its volume increased at an average annual rate of +6.9% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, imports decreased by -12.6% against 2019 indices. The growth pace was the most rapid in 2013 with an increase of 47% against the previous year. Over the period under review, imports hit record highs at X tons in 2019; however, from 2020 to 2021, imports failed to regain momentum.

In value terms, copper pipe and fitting imports rose remarkably to $X in 2021. Overall, total imports indicated pronounced growth from 2012 to 2021: its value increased at an average annual rate of +4.0% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, imports decreased by -17.2% against 2019 indices. The most prominent rate of growth was recorded in 2013 with an increase of 48%. Over the period under review, imports attained the peak figure at $X in 2019; however, from 2020 to 2021, imports stood at a somewhat lower figure.

Imports by Country

China (X tons), Malaysia (X tons) and Italy (X tons) were the main suppliers of copper pipe and fitting imports to Kuwait, with a combined 40% share of total imports. These countries were followed by Saudi Arabia, Thailand, South Korea, the UK, India, Vietnam, Germany, Mexico, South Africa and the United States, which together accounted for a further 29%.

From 2012 to 2021, the biggest increases were recorded for Thailand (with a CAGR of +42.9%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, the largest copper pipe and fitting suppliers to Kuwait were China ($X), Malaysia ($X) and Italy ($X), together comprising 37% of total imports. These countries were followed by India, the UK, Germany, South Korea, Vietnam, Thailand, Mexico, Saudi Arabia, the United States and South Africa, which together accounted for a further 28%.

Thailand, with a CAGR of +24.4%, saw the highest growth rate of the value of imports, in terms of the main suppliers over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

In 2021, the average copper pipe and fitting import price amounted to $X per ton, therefore, remained relatively stable against the previous year. In general, the import price continues to indicate a pronounced curtailment. The most prominent rate of growth was recorded in 2018 an increase of 6.6% against the previous year. The import price peaked at $X per ton in 2013; however, from 2014 to 2021, import prices stood at a somewhat lower figure.

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 Germany ($X per ton), while the price for Saudi Arabia ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by India (+3.8%), while the prices for the other major suppliers experienced a decline.

Source: IndexBox Platform

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