Price for Iron or Steel Cast Fittings, of Non-Malleable Cast Iron in Kuwait - 2022

Contents:

1. Price for Iron or Steel Cast Fittings, of Non-Malleable Cast Iron in Kuwait (CIF) - 2022
2. Price for Iron or Steel Cast Fittings, of Non-Malleable Cast Iron in Kuwait (FOB) - 2022
3. Imports of Iron or Steel Cast Fittings, of Non-Malleable Cast Iron in Kuwait
4. Exports of Iron or Steel Cast Fittings, of Non-Malleable Cast Iron in Kuwait

Price for Iron or Steel Cast Fittings, of Non-Malleable Cast Iron in Kuwait (CIF) - 2022

The average import price for tube or pipe fittings of non-malleable cast iron stood at $4,336 per ton in 2022, increasing by 16% against the previous year. Over the period under review, the import price, however, continues to indicate a perceptible decline. The most prominent rate of growth was recorded in 2017 when the average import price increased by 44% against the previous year. Over the period under review, average import prices reached the maximum at $5,829 per ton in 2012; however, from 2013 to 2022, import prices stood at a somewhat lower figure.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Japan ($5,283 per ton), while the price for Saudi Arabia ($867 per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by China (+2.8%), while the prices for the other major suppliers experienced more modest paces of growth.

Price for Iron or Steel Cast Fittings, of Non-Malleable Cast Iron in Kuwait (FOB) - 2022

In 2022, the average export price for tube or pipe fittings of non-malleable cast iron amounted to $5,023 per ton, reducing by -25.4% against the previous year. Overall, the export price, however, saw a perceptible expansion. The most prominent rate of growth was recorded in 2015 when the average export price increased by 105% against the previous year. Over the period under review, the average export prices reached the peak figure at $11,634 per ton in 2019; however, from 2020 to 2022, the export prices failed to regain momentum.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Niger ($9,027 per ton), while the average price for exports to Bahrain ($721 per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Oman (+27.9%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Iron or Steel Cast Fittings, of Non-Malleable Cast Iron in Kuwait

Imports of tube or pipe fittings of non-malleable cast iron into Kuwait dropped modestly to 2.8K tons in 2022, with a decrease of -1.8% against 2021 figures. Over the period under review, imports, however, posted a remarkable increase. The pace of growth appeared the most rapid in 2021 with an increase of 277%. As a result, imports attained the peak of 2.8K tons, and then contracted slightly in the following year.

In value terms, imports of tube or pipe fittings of non-malleable cast iron rose sharply to $12M in 2022. Overall, imports, however, enjoyed a buoyant increase. The growth pace was the most rapid in 2021 when imports increased by 276% against the previous year. Over the period under review, imports of reached the peak figure in 2022 and are expected to retain growth in the immediate term.

Top Suppliers of Iron or Steel Cast Fittings, of Non-Malleable Cast Iron to Kuwait in 2022:

1. China (1062.5 tons)
2. India (1052.5 tons)
3. France (173.1 tons)
4. Saudi Arabia (156.5 tons)
5. United Arab Emirates (115.7 tons)
6. United Kingdom (96.4 tons)

Exports of Iron or Steel Cast Fittings, of Non-Malleable Cast Iron in Kuwait

In 2022, shipments abroad of tube or pipe fittings of non-malleable cast iron increased by 7,806% to 44 tons for the first time since 2019, thus ending a two-year declining trend. In general, exports posted a significant expansion. As a result, the exports reached the peak and are likely to continue growth in the immediate term.

In value terms, exports of tube or pipe fittings of non-malleable cast iron skyrocketed to $223K in 2022. Overall, exports saw a significant expansion. As a result, the exports attained the peak and are likely to continue growth in the immediate term.

Top Export Markets for Iron or Steel Cast Fittings, of Non-Malleable Cast Iron from Kuwait in 2022:

1. United Arab Emirates (39.1 tons)
2. Niger (2.1 tons)
3. Pakistan (1.8 tons)
4. India (0.7 tons)

Source: IndexBox Market Intelligence Platform