Price for Iron or Steel; Cast Articles in Kuwait - 2021
Contents:
- Price for Iron or Steel; Cast Articles in Kuwait (CIF) - 2021
- Price for Iron or Steel; Cast Articles in Kuwait (FOB) - 2022
- Imports of Iron or Steel; Cast Articles in Kuwait
- Exports of Iron or Steel; Cast Articles in Kuwait
Price for Iron or Steel; Cast Articles in Kuwait (CIF) - 2021
The average import price for iron or steel; cast articleses stood at $2,493 per ton in December 2021, with an increase of 22% against the previous month. Overall, the import price, however, recorded a pronounced contraction. The pace of growth appeared the most rapid in September 2021 an increase of 82% m-o-m. The import price peaked at $7,590 per ton in April 2021; however, from May 2021 to December 2021, import prices remained at a lower figure.
Prices varied noticeably by the country of origin: the country with the highest price was Spain ($6,764 per ton), while the price for the Czech Republic ($678 per ton) was amongst the lowest.
From January 2021 to December 2021, the most notable rate of growth in terms of prices was attained by Thailand (+104.9%), while the prices for the other major suppliers experienced more modest paces of growth.
Price for Iron or Steel; Cast Articles in Kuwait (FOB) - 2022
The average export price for iron or steel; cast articleses stood at $1,746 per ton in 2022, picking up by 40% against the previous year. Over the period under review, the export price, however, continues to indicate a slight decline. Over the period under review, the average export prices reached the maximum at $2,625 per ton in 2019; however, from 2020 to 2022, the export prices stood at a somewhat lower figure.
As there is only one major export destination, the average price level is determined by prices for Saudi Arabia.
From 2012 to 2022, the rate of growth in terms of prices for Iraq amounted to +18.0% per year.
Imports of Iron or Steel; Cast Articles in Kuwait
In 2022, iron or steel; cast articles imports into Kuwait shrank modestly to 3.2K tons, remaining relatively unchanged against 2021 figures. In general, imports faced a deep reduction. The most prominent rate of growth was recorded in 2021 when imports increased by 2.7% against the previous year.
In value terms, iron or steel; cast articles imports dropped to $8M in 2022. Over the period under review, imports saw a drastic downturn. The pace of growth was the most pronounced in 2021 when imports increased by 33% against the previous year.
| Import of Iron or Steel; Cast Articles in Kuwait (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| China | 2.3 | 2.3 | 2.8 | 2.3 | 0.0% |
| United Arab Emirates | 3.2 | 1.5 | 1.8 | 1.7 | -19.0% |
| Italy | 0.9 | 1.0 | 1.5 | 1.2 | 10.1% |
| India | 2.6 | 0.9 | 1.1 | 1.2 | -22.7% |
| Thailand | 0.6 | N/A | 0.4 | 0.3 | -20.6% |
| Saudi Arabia | 0.1 | 0.4 | 0.1 | 0.2 | 26.0% |
| Others | 1.8 | 0.8 | 1.5 | 1.2 | -12.6% |
| Total | 11.5 | 6.9 | 9.2 | 8.0 | -11.4% |
Top Suppliers of Iron or Steel; Cast Articles to Kuwait in 2022:
- United Arab Emirates (1503.5 tons)
- China (805.5 tons)
- India (476.4 tons)
- Thailand (163.1 tons)
- Italy (84.8 tons)
- Saudi Arabia (53.7 tons)
Exports of Iron or Steel; Cast Articles in Kuwait
In 2022, shipments abroad of iron or steel; cast articleses was finally on the rise to reach 33 tons after two years of decline. Overall, exports, however, showed a abrupt decrease.
In value terms, iron or steel; cast articles exports surged to $58K in 2022. In general, exports, however, recorded a precipitous decrease.
| Export of Iron or Steel; Cast Articles in Kuwait (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Saudi Arabia | 3.8 | 63.4 | 7.8 | 53.5 | 141.5% |
| Sri Lanka | N/A | 8.7 | N/A | N/A | 0% |
| United Arab Emirates | 38.1 | N/A | 1.5 | N/A | -80.2% |
| Australia | N/A | N/A | 2.3 | N/A | 0% |
| Pakistan | N/A | N/A | 6.0 | N/A | 0% |
| Bahrain | 49.6 | N/A | 0.6 | N/A | -89.0% |
| Others | 35.1 | 8.6 | 16.8 | 4.3 | -50.3% |
| Total | 127 | 80.7 | 34.9 | 57.8 | -23.1% |
Top Export Markets for Iron or Steel; Cast Articles from Kuwait in 2022:
- Saudi Arabia (32.3 tons)
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