In recent years, Kuwait"s zinc market has shown dynamic shifts, reflecting broader economic conditions and industrial demand. The import of zinc not alloyed of ≥99. 99% purity in 2023 reached 1,520,476. 926 kg, slightly down from 1,522,481. 982 kg in 2022, but with a notable decrease in value from $5,767,273. 357 to $4,693,441. 208, indicating a significant drop in per unit price. Conversely, imports in 2021 were lower in volume at 1,395,301 kg but also lower in total value at $4,201,356, suggesting fluctuating demand and supply conditions.
Zinc alloy imports have seen varied activity, with 5,744. 311 kg imported in 2023, a substantial increase in volume compared to 1,675. 407 kg in 2022, with the value correspondingly rising from $6,492. 957 to $18,963. 405. This indicates a growing diversification in zinc alloy utilization in domestic industries. On the export front, Kuwait"s zinc market experienced a downturn in zinc not alloyed of <99. 99% purity, from 71,825.
757 kg in 2022 to 52,826. 292 kg in 2023, with export values reflecting this decline. Zinc waste and scrap exports also fell significantly from 273,852. 825 kg in 2022 to 71,202. 646 kg in 2023, with the export value contracting from $631,864. 367 to $142,201. 221, which may point to reduced global demand or increased domestic recycling activities. These trends highlight the volatility and potential opportunities in Kuwait"s zinc market, influenced by both global price shifts and local industrial strategies.
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