Report Update Feb 1, 2025

Kuwait - Refined Copper (Unwrought, not Alloyed) - Market Analysis, Forecast, Size, Trends and Insights

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Kuwait: Refined Copper Market 2025

Refined Copper Market Size in Kuwait

The Kuwaiti refined copper market declined remarkably to $X in 2022, waning by -19.3% 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). In general, consumption, however, showed a relatively flat trend pattern. Refined copper consumption peaked at $X in 2018; however, from 2019 to 2022, consumption remained at a lower figure.

Refined Copper Exports

Exports from Kuwait

In 2022, exports of refined copper (unwrought, not alloyed) from Kuwait soared to X tons, with an increase of 182% compared with the previous year's figure. Overall, exports recorded a significant increase. As a result, the exports attained the peak and are likely to continue growth in the immediate term.

In value terms, refined copper exports amounted to $X in 2022. Over the period under review, exports enjoyed significant growth. The pace of growth appeared the most rapid in 2013 with an increase of 144%. The exports peaked in 2022 and are likely to see steady growth in years to come.

Exports by Country

Oman (X tons) was the main destination for refined copper exports from Kuwait, accounting for a approx. 100% share of total exports.

From 2012 to 2022, the average annual growth rate of volume to Oman amounted to +44.3%.

In value terms, Oman ($X) emerged as the key foreign market for refined copper (unwrought, not alloyed) exports from Kuwait.

From 2012 to 2022, the average annual growth rate of value to Oman stood at +39.4%.

Export Prices by Country

In 2022, the average refined copper export price amounted to $X per ton, shrinking by -64.4% against the previous year. Overall, the export price recorded a noticeable contraction. The most prominent rate of growth was recorded in 2021 an increase of 89%. As a result, the export price attained the peak level of $X per ton, and then contracted rapidly in the following year.

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

From 2012 to 2022, the rate of growth in terms of prices for the United Arab Emirates amounted to +25.1% per year.

Refined Copper Imports

Imports into Kuwait

Refined copper imports into Kuwait shrank slightly to X tons in 2022, falling by -2.7% compared with the year before. In general, imports, however, enjoyed a notable increase. The most prominent rate of growth was recorded in 2015 when imports increased by 186%. Imports peaked at X tons in 2018; however, from 2019 to 2022, imports stood at a somewhat lower figure.

In value terms, refined copper imports reduced to $X in 2022. Over the period under review, imports, however, recorded a perceptible increase. The growth pace was the most rapid in 2015 when imports increased by 137%. Imports peaked at $X in 2018; however, from 2019 to 2022, imports failed to regain momentum.

Imports by Country

In 2022, Russia (X tons) constituted the largest refined copper supplier to Kuwait, accounting for a 73% share of total imports. Moreover, refined copper imports from Russia exceeded the figures recorded by the second-largest supplier, Zambia (X tons), threefold.

From 2012 to 2022, the average annual growth rate of volume from Russia totaled +12.0%.

In value terms, Russia ($X) constituted the largest supplier of refined copper (unwrought, not alloyed) to Kuwait, comprising 71% of total imports. The second position in the ranking was taken by Zambia ($X), with a 29% share of total imports.

From 2012 to 2022, the average annual growth rate of value from Russia amounted to +11.6%.

Import Prices by Country

In 2022, the average refined copper import price amounted to $X per ton, flattening at the previous year. In general, the import price, however, saw a slight decrease. The most prominent rate of growth was recorded in 2021 when the average import price increased by 42%. Over the period under review, average import prices attained the peak figure at $X per ton in 2012; however, from 2013 to 2022, import prices stood at a somewhat lower figure.

Average prices varied noticeably amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was Zambia ($X per ton), while the price for Russia stood at $X per ton.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Russia (-0.4%).

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :

What are the largest markets for refined copper (unwrought, not alloyed) in the world?

China remains the largest refined copper consuming country worldwide, comprising approx. 23% of total volume. Moreover, refined copper consumption in China exceeded the figures recorded by the second-largest consumer, Russia, fivefold. The United States ranked third in terms of total consumption with a 4% share.

What are the largest producers of refined copper (unwrought, not alloyed) in the world?

The countries with the highest volumes of in 2021 were China, Chile and Russia, with a combined 24% share of global production. These countries were followed by Japan, Pakistan, Nigeria, Indonesia, Democratic Republic of the Congo, Australia, Mexico, India, Canada and Kazakhstan, which together accounted for a further 31%.

What are the leading suppliers of refined copper (unwrought, not alloyed) to Kuwait?

In value terms, the largest refined copper suppliers to Kuwait were Russia and Zambia.

What are the leading importers of refined copper (unwrought, not alloyed) from Kuwait?

In value terms, Oman remains the key foreign market for refined copper exports from Kuwait.

What is the average export price for refined copper (unwrought, not alloyed) in Kuwait?

The average refined copper export price stood at $6,946 per ton in 2021, growing by 40% against the previous year.

What is the average import price for refined copper (unwrought, not alloyed) in Kuwait?

The average refined copper import price stood at $6,288 per ton in 2021, approximately reflecting the previous year.

This report provides an in-depth analysis of the refined copper market 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 24441330 - Unwrought unalloyed refined copper (excluding rolled, e xtruded or forged sintered products)

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 2012–2024
2. IMPORTS BY COUNTRY
3. IMPORT PRICES BY COUNTRY
9. EXPORTS
The Largest Destinations for Exports
1. EXPORTS FROM 2012–2024
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 2024
2. Market Volume, In Physical Terms, 2012–2024
3. Market Value, 2012–2024
4. Per Capita Consumption In 2012-2024
5. Imports, In Physical Terms, By Country, 2012–2024
6. Imports, In Value Terms, By Country, 2012–2024
7. Import Prices, By Country Of Origin, 2012–2024
8. Exports, In Physical Terms, By Country, 2012–2024
9. Exports, In Value Terms, By Country, 2012–2024
10. Export Prices, By Country Of Destination, 2012–2024
LIST OF FIGURES
1. Market Volume, In Physical Terms, 2012–2024
2. Market Value, 2012–2024
3. Market Structure – Domestic Supply vs. Imports, In Physical Terms, 2012-2024
4. Market Structure – Domestic Supply vs. Imports, In Value Terms, 2012-2024
5. Trade Balance, In Physical Terms, 2012-2024
6. Trade Balance, In Value Terms, 2012-2024
7. Per Capita Consumption, 2012-2024
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, 2012–2024
22. Production, In Value Terms, 2012–2024
23. Imports, In Physical Terms, 2012–2024
24. Imports, In Value Terms, 2012–2024
25. Imports, In Physical Terms, By Country, 2024
26. Imports, In Physical Terms, By Country, 2012–2024
27. Imports, In Value Terms, By Country, 2012–2024
28. Import Prices, By Country Of Origin, 2012–2024
29. Exports, In Physical Terms, 2012–2024
30. Exports, In Value Terms, 2012–2024
31. Exports, In Physical Terms, By Country, 2024
32. Exports, In Physical Terms, By Country, 2012–2024
33. Exports, In Value Terms, By Country, 2012–2024
34. Export Prices, By Country Of Destination, 2012–2024