Price for Iron or Non-Alloy Steel Wire, Plated or Coated with Zinc in Kuwait - 2022
Contents:
- Price for Iron or Non-Alloy Steel Wire, Plated or Coated with Zinc in Kuwait (CIF) - 2022
- Price for Iron or Non-Alloy Steel Wire, Plated or Coated with Zinc in Kuwait (FOB) - 2022
- Imports of Iron or Non-Alloy Steel Wire, Plated or Coated with Zinc in Kuwait
- Exports of Iron or Non-Alloy Steel Wire, Plated or Coated with Zinc in Kuwait
Price for Iron or Non-Alloy Steel Wire, Plated or Coated with Zinc in Kuwait (CIF) - 2022
The average import price for iron or non-alloy steel wire, plated or coated with zincs stood at $1,602 per ton in 2022, picking up by 313% against the previous year. Over the period under review, the import price recorded measured growth. As a result, import price attained the peak level and is likely to continue growth in the immediate term.
Average prices varied somewhat amongst the major supplying countries. In 2022, amid the top importers, the highest price was recorded for prices from Oman ($1,711 per ton) and the United Arab Emirates ($1,711 per ton), while the price for Australia ($1,155 per ton) and Malaysia ($1,361 per ton) were amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Qatar (+11.3%), while the prices for the other major suppliers experienced more modest paces of growth.
Price for Iron or Non-Alloy Steel Wire, Plated or Coated with Zinc in Kuwait (FOB) - 2022
The average export price for iron or non-alloy steel wire, plated or coated with zincs stood at $1,710 per ton in 2022, approximately equating the previous year. In general, the export price showed a remarkable increase. The most prominent rate of growth was recorded in 2019 an increase of 596% against the previous year. Over the period under review, the average export prices reached the peak figure in 2022 and is expected to retain growth in the immediate term.
Average prices varied somewhat for the major overseas markets. In 2022, amid the top suppliers, the country with the highest price was the United Arab Emirates ($2,196 per ton), while the average price for exports to Qatar ($1,635 per ton) was amongst the lowest.
From 2013 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Qatar (+13.8%), while the prices for the other major destinations experienced more modest paces of growth.
Imports of Iron or Non-Alloy Steel Wire, Plated or Coated with Zinc in Kuwait
In 2022, approx. 5K tons of iron or non-alloy steel wire, plated or coated with zincs were imported into Kuwait; declining by -64.7% on the year before. Over the period under review, imports showed a abrupt descent. The pace of growth appeared the most rapid in 2021 when imports increased by 112% against the previous year. As a result, imports attained the peak of 14K tons, and then reduced markedly in the following year.
In value terms, imports of iron or non-alloy steel wire, plated or coated with zincs skyrocketed to $8M in 2022. Overall, total imports indicated a remarkable increase from 2019 to 2022: its value increased at an average annual rate of +11.4% over the last three years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +54.6% against 2020 indices. As a result, imports reached the peak and are likely to continue growth in the immediate term.
| Import of Iron or Non-Alloy Steel Wire, Plated or Coated with Zinc in Kuwait (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| China | 1,809 | 1,249 | 2,028 | 2,788 | 15.5% |
| United Arab Emirates | 566 | 1,166 | 1,085 | 2,433 | 62.6% |
| Malaysia | 1,007 | 993 | 968 | 1,128 | 3.9% |
| Qatar | 1,294 | 918 | 618 | 636 | -21.1% |
| Australia | 304 | 341 | 378 | 501 | 18.1% |
| Saudi Arabia | 144 | 108 | 60.3 | 121 | -5.6% |
| Others | 650 | 393 | 335 | 382 | -16.2% |
| Total | 5,775 | 5,168 | 5,471 | 7,990 | 11.4% |
Top Suppliers of Iron or Non-Alloy Steel Wire, Plated or Coated with Zinc to Kuwait in 2022:
- China (1629.2 tons)
- United Arab Emirates (1422.0 tons)
- Malaysia (828.6 tons)
- Australia (433.8 tons)
- Qatar (371.6 tons)
- Saudi Arabia (70.8 tons)
Exports of Iron or Non-Alloy Steel Wire, Plated or Coated with Zinc in Kuwait
In 2022, after two years of decline, there was decline in shipments abroad of iron or non-alloy steel wire, plated or coated with zincs, when their volume decreased by 0% to 105 kg. In general, exports recorded a sharp setback. The smallest decline of 99.9% was in 2020.
In value terms, exports of iron or non-alloy steel wire, plated or coated with zincs amounted to $180 in 2022. Overall, exports continue to indicate a dramatic setback. The smallest decline of 99.9% was in 2020.
| Export of Iron or Non-Alloy Steel Wire, Plated or Coated with Zinc in Kuwait (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Oman | 14.2 | N/A | N/A | 0.1 | -80.8% |
| Qatar | 14.4 | N/A | N/A | 0.1 | -80.9% |
| Others | 0.1 | N/A | N/A | N/A | 0% |
| Total | 28.7 | N/A | N/A | 0.2 | -80.9% |
Top Export Markets for Iron or Non-Alloy Steel Wire, Plated or Coated with Zinc from Kuwait in 2022:
- Oman (55.0 kg)
- Qatar (50.0 kg)
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