Price for Stainless Steel Bars and Rods, Angles, Shapes and Sections in Kuwait - 2022
Contents:
- Price for Stainless Steel Bars and Rods, Angles, Shapes and Sections in Kuwait (CIF) - 2022
- Price for Stainless Steel Bars and Rods, Angles, Shapes and Sections in Kuwait (FOB) - 2022
- Imports of Stainless Steel Bars and Rods, Angles, Shapes and Sections in Kuwait
- Exports of Stainless Steel Bars and Rods, Angles, Shapes and Sections in Kuwait
Price for Stainless Steel Bars and Rods, Angles, Shapes and Sections in Kuwait (CIF) - 2022
The average import price for stainless steel bars and rods, angles, shapes and sectionses stood at $6,267 per ton in December 2022, rising by 4.5% against the previous month. Overall, the import price, however, saw a slight descent. The most prominent rate of growth was recorded in April 2022 an increase of 5.8% month-to-month. The import price peaked at $7,575 per ton in December 2021; however, from January 2022 to December 2022, import prices remained at a lower figure.
Average prices varied noticeably amongst the major supplying countries. In December 2022, the highest price was recorded for prices from Belarus ($6,438 per ton) and Spain ($6,438 per ton), while the price for China ($5,404 per ton) and India ($6,080 per ton) were amongst the lowest.
From December 2021 to December 2022, the most notable rate of growth in terms of prices was attained by India (+6.7%), while the prices for the other major suppliers experienced more modest paces of growth.
Price for Stainless Steel Bars and Rods, Angles, Shapes and Sections in Kuwait (FOB) - 2022
In 2022, the average export price for stainless steel bars and rods, angles, shapes and sectionses amounted to $5,352 per ton, rising by 774% against the previous year. In general, the export price recorded a significant expansion. As a result, the export price attained the peak level and is likely to continue growth in the immediate term.
Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Pakistan ($5,715 per ton), while the average price for exports to Oman ($1,881 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 Iraq (+91.5%), while the prices for the other major destinations experienced more modest paces of growth.
Imports of Stainless Steel Bars and Rods, Angles, Shapes and Sections in Kuwait
Imports of stainless steel bars and rods, angles, shapes and sectionses into Kuwait reduced to 354 tons in 2022, with a decrease of -12.4% compared with the previous year. Over the period under review, imports faced a precipitous decrease.
In value terms, imports of stainless steel bars and rods, angles, shapes and sectionses rose significantly to $2.2M in 2022. In general, imports saw a deep setback.
| Import of Stainless Steel Bars and Rods, Angles, Shapes and Sections in Kuwait (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| India | 663 | 377 | 351 | 663 | 0.0% |
| China | 481 | 186 | 394 | 464 | -1.2% |
| United Arab Emirates | 116 | 60.4 | 60.0 | 363 | 46.3% |
| Spain | 46.1 | 7.9 | 140 | 268 | 79.8% |
| Turkey | 319 | 79.6 | 125 | 146 | -22.9% |
| Belarus | N/A | N/A | N/A | 112 | 0% |
| Czech Republic | 110 | 64.8 | 41.0 | 18.3 | -45.0% |
| Germany | 183 | 392 | 164 | 12.5 | -59.1% |
| Iran | 60.8 | N/A | N/A | N/A | 0% |
| Qatar | 118 | 73.6 | 57.0 | N/A | -30.5% |
| Others | 609 | 728 | 741 | 139 | -38.9% |
| Total | 2,706 | 1,969 | 2,074 | 2,187 | -6.9% |
Top Suppliers of Stainless Steel Bars and Rods, Angles, Shapes and Sections to Kuwait in 2022:
- India (107.5 tons)
- China (76.1 tons)
- United Arab Emirates (60.1 tons)
- Spain (41.7 tons)
- Turkey (24.8 tons)
- Belarus (17.3 tons)
- Czech Republic (2.8 tons)
- Germany (1.9 tons)
Exports of Stainless Steel Bars and Rods, Angles, Shapes and Sections in Kuwait
For the third year in a row, Kuwait recorded decline in shipments abroad of stainless steel bars and rods, angles, shapes and sectionses, which decreased by -91.9% to 1.9 tons in 2022. In general, exports continue to indicate a precipitous decrease. The smallest decline of -17.1% was in 2020.
In value terms, exports of stainless steel bars and rods, angles, shapes and sectionses contracted sharply to $10K in 2022. Overall, exports continue to indicate a precipitous descent. The pace of growth appeared the most rapid in 2020 with an increase of 6.5%. As a result, the exports reached the peak of $49K. From 2021 to 2022, the growth of the exports of failed to regain momentum.
| Export of Stainless Steel Bars and Rods, Angles, Shapes and Sections in Kuwait (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Pakistan | 22.3 | 3.6 | 0.4 | 9.8 | -24.0% |
| Oman | 0.2 | 2.2 | 1.3 | 0.2 | 0.0% |
| United Arab Emirates | 0.8 | 0.5 | 0.2 | 0.2 | -37.0% |
| Jordan | 1.4 | 3.2 | 1.2 | N/A | -7.4% |
| India | 7.6 | 14.3 | 3.9 | N/A | -28.4% |
| Egypt | 8.6 | 15.0 | 4.2 | N/A | -30.1% |
| Saudi Arabia | 2.6 | 4.2 | 1.1 | N/A | -35.0% |
| Others | 2.6 | 6.1 | 2.2 | N/A | -8.0% |
| Total | 46.1 | 49.0 | 14.4 | 10.2 | -39.5% |
Top Export Markets for Stainless Steel Bars and Rods, Angles, Shapes and Sections from Kuwait in 2022:
- Pakistan (1714.0 kg)
- Oman (118.0 kg)
- United Arab Emirates (82.0 kg)
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