Price for Zinc; Bars, Rods, Profiles and Wire in Kuwait - 2022

Contents:

  1. Price for Zinc; Bars, Rods, Profiles and Wire in Kuwait (CIF) - 2022
  2. Imports of Zinc; Bars, Rods, Profiles and Wire in Kuwait

Price for Zinc; Bars, Rods, Profiles and Wire in Kuwait (CIF) - 2022

The average import price for zinc; bars, rods, profiles and wires stood at $4,645 per ton in 2022, falling by -10.5% against the previous year. Over the period under review, import price indicated tangible growth from 2012 to 2022: its price increased at an average annual rate of +2.2% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, import price for zinc; bars, rods, profiles and wires increased by +72.7% against 2020 indices. The growth pace was the most rapid in 2021 when the average import price increased by 93% against the previous year. Over the period under review, average import prices attained the maximum at $5,905 per ton in 2017; however, from 2018 to 2022, import prices remained at a lower figure.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was the United Arab Emirates ($17,936 per ton), while the price for South Korea ($955 per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Ukraine (+82.4%), while the prices for the other major suppliers experienced more modest paces of growth.

Imports of Zinc; Bars, Rods, Profiles and Wire in Kuwait

In 2022, purchases abroad of zinc; bars, rods, profiles and wires was finally on the rise to reach 12 tons after two years of decline. Overall, imports, however, recorded a sharp decline.

In value terms, imports of zinc; bars, rods, profiles and wires soared to $55K in 2022. Over the period under review, imports, however, saw a significant decline.

Import of Zinc; Bars, Rods, Profiles and Wire in Kuwait (Thousand USD)
COUNTRY2019202020212022CAGR,
2019-2022
Saudi Arabia71.112.39.921.3-33.1%
United Kingdom9.42.63.017.823.7%
United Arab Emirates23.34.64.38.7-28.0%
China13.30.41.13.8-34.1%
Taiwan (Chinese)2.90.60.61.4-21.6%
South Korea1.10.20.20.4-28.6%
Others4.30.70.61.6-28.1%
Total12521.419.754.9-24.0%

Top Suppliers of Zinc; Bars, Rods, Profiles and Wire to Kuwait in 2022:

  1. Saudi Arabia (9.0 tons)
  2. United Kingdom (1.4 tons)
  3. United Arab Emirates (0.5 tons)
  4. South Korea (0.4 tons)
  5. China (0.3 tons)
  6. Taiwan (Chinese) (0.2 tons)

Source: IndexBox Market Intelligence Platform

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