Price for Iron or Steel; Non-Threaded Cotters and Cotter-Pins in Kuwait - 2022
Contents:
- Price for Iron or Steel; Non-Threaded Cotters and Cotter-Pins in Kuwait (CIF) - 2022
- Price for Iron or Steel; Non-Threaded Cotters and Cotter-Pins in Kuwait (FOB) - 2022
- Imports of Iron or Steel; Non-Threaded Cotters and Cotter-Pins in Kuwait
- Exports of Iron or Steel; Non-Threaded Cotters and Cotter-Pins in Kuwait
Price for Iron or Steel; Non-Threaded Cotters and Cotter-Pins in Kuwait (CIF) - 2022
The average import price for iron or steel; non-threaded cotters and cotter-pinses stood at $37,880 per ton in 2022, increasing by 56% against the previous year. In general, the import price showed a prominent expansion. As a result, import price attained the peak level and is likely to continue growth in the immediate term.
Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Austria ($114,540 per ton), while the price for the Netherlands ($12,978 per ton) was amongst the lowest.
From 2013 to 2022, the most notable rate of growth in terms of prices was attained by Austria (+17.9%), while the prices for the other major suppliers experienced more modest paces of growth.
Price for Iron or Steel; Non-Threaded Cotters and Cotter-Pins in Kuwait (FOB) - 2022
In 2022, the average export price for iron or steel; non-threaded cotters and cotter-pinses amounted to $13,170 per ton, falling by -89.9% against the previous year. Overall, the export price continues to indicate a sharp setback. The most prominent rate of growth was recorded in 2016 an increase of 1,700% against the previous year. Over the period under review, the average export prices attained the peak figure at $212,000 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 Bahrain.
From 2013 to 2022, the rate of growth in terms of prices for Nigeria amounted to +399.5% per year.
Imports of Iron or Steel; Non-Threaded Cotters and Cotter-Pins in Kuwait
For the third consecutive year, Kuwait recorded decline in supplies from abroad of iron or steel; non-threaded cotters and cotter-pinses, which decreased by -29.1% to 20 tons in 2022. Over the period under review, imports continue to indicate a precipitous shrinkage. The smallest decline of -20.1% was in 2021.
In value terms, imports of iron or steel; non-threaded cotters and cotter-pinses reached $751K in 2022. In general, imports showed a deep reduction.
| Import of Iron or Steel; Non-Threaded Cotters and Cotter-Pins in Kuwait (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| United States | 153 | 198 | 142 | 181 | 5.8% |
| China | 144 | 59.2 | 112 | 132 | -2.9% |
| Italy | 68.0 | 9.5 | 22.6 | 85.0 | 7.7% |
| Austria | 9.6 | 0.4 | 1.1 | 53.8 | 77.6% |
| Germany | 94.2 | 42.7 | 34.6 | 46.4 | -21.0% |
| Canada | 2.4 | 4.3 | 8.9 | 44.6 | 164.9% |
| Japan | 22.9 | 15.5 | 27.4 | 25.8 | 4.1% |
| Mexico | 16.1 | 6.3 | 2.3 | 22.7 | 12.1% |
| Taiwan (Chinese) | 32.0 | N/A | 32.0 | 21.8 | -12.0% |
| South Korea | 7.2 | 1.2 | 17.8 | 14.1 | 25.1% |
| United Kingdom | 21.4 | 51.0 | 15.6 | 10.5 | -21.1% |
| Brazil | 7.8 | 4.8 | 3.2 | 7.9 | 0.4% |
| Netherlands | N/A | 0.9 | 17.5 | 6.9 | 176.9% |
| Others | 435 | 470 | 243 | 97.9 | -39.2% |
| Total | 1,013 | 863 | 681 | 751 | -9.5% |
Top Suppliers of Iron or Steel; Non-Threaded Cotters and Cotter-Pins to Kuwait in 2022:
- China (5.0 tons)
- United States (2.8 tons)
- Germany (1.9 tons)
- Italy (1.8 tons)
- Taiwan (Chinese) (1.4 tons)
- South Korea (1.0 tons)
- Mexico (0.7 tons)
- Canada (0.6 tons)
- Netherlands (0.5 tons)
- Japan (0.5 tons)
- Austria (0.5 tons)
- United Kingdom (0.5 tons)
- Brazil (0.4 tons)
Exports of Iron or Steel; Non-Threaded Cotters and Cotter-Pins in Kuwait
In 2022, exports of iron or steel; non-threaded cotters and cotter-pinses from Kuwait skyrocketed to 336 kg, increasing by 630% against the year before. Over the period under review, exports saw significant growth. As a result, the exports attained the peak and are likely to continue growth in the immediate term.
In value terms, exports of iron or steel; non-threaded cotters and cotter-pinses reduced rapidly to $4.4K in 2022. Overall, exports, however, showed a drastic downturn. The pace of growth appeared the most rapid in 2021 with an increase of 143%. As a result, the exports attained the peak of $6K, and then contracted rapidly in the following year.
| Export of Iron or Steel; Non-Threaded Cotters and Cotter-Pins in Kuwait (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Bahrain | N/A | N/A | N/A | 4.4 | 0% |
| Nigeria | 0.8 | N/A | 4.2 | N/A | 129.1% |
| Costa Rica | N/A | N/A | 0.2 | N/A | 0% |
| India | 0.5 | N/A | 0.2 | N/A | -36.8% |
| Oman | N/A | 1.9 | 0.3 | N/A | -84.2% |
| Brazil | 0.1 | N/A | N/A | N/A | 0% |
| Others | 4.0 | 0.6 | 1.2 | N/A | -45.2% |
| Total | 5.3 | 2.5 | 6.0 | 4.4 | -6.0% |
Top Export Markets for Iron or Steel; Non-Threaded Cotters and Cotter-Pins from Kuwait in 2022:
- Bahrain (336.0 kg)
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