Price for Stainless Steel, Flat-Rolled, Width Less than 600mm, Cold-Rolled in Kuwait - 2022

Contents:

1. Price for Stainless Steel, Flat-Rolled, Width Less than 600mm, Cold-Rolled in Kuwait (CIF) - 2022
2. Price for Stainless Steel, Flat-Rolled, Width Less than 600mm, Cold-Rolled in Kuwait (FOB) - 2022
3. Imports of Stainless Steel, Flat-Rolled, Width Less than 600mm, Cold-Rolled in Kuwait
4. Exports of Stainless Steel, Flat-Rolled, Width Less than 600mm, Cold-Rolled in Kuwait

Price for Stainless Steel, Flat-Rolled, Width Less than 600mm, Cold-Rolled in Kuwait (CIF) - 2022

The average import price for stainless steel, flat-rolled, width less than 600mm, cold-rolleds stood at $4,928 per ton in 2022, picking up by 6.6% against the previous year. Over the period under review, the import price, however, recorded a relatively flat trend pattern. The most prominent rate of growth was recorded in 2019 when the average import price increased by 20% against the previous year. Over the period under review, average import prices hit record highs at $5,250 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 South Korea ($7,436 per ton), while the price for Sweden ($1,665 per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by South Korea (+7.0%), while the prices for the other major suppliers experienced more modest paces of growth.

Price for Stainless Steel, Flat-Rolled, Width Less than 600mm, Cold-Rolled in Kuwait (FOB) - 2022

In 2022, the average export price for stainless steel, flat-rolled, width less than 600mm, cold-rolleds amounted to $4,943 per ton, increasing by 163% against the previous year. In general, the export price, however, recorded a relatively flat trend pattern. Over the period under review, the average export prices hit record highs at $5,330 per ton in 2013; however, from 2014 to 2022, the export prices remained at a lower figure.

Average prices varied noticeably for the major foreign markets. In 2022, amid the top suppliers, the country with the highest price was Iraq ($5,112 per ton), while the average price for exports to Oman ($4,274 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 (+718.8%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Stainless Steel, Flat-Rolled, Width Less than 600mm, Cold-Rolled in Kuwait

In 2022, approx. 158 tons of stainless steel, flat-rolled, width less than 600mm, cold-rolleds were imported into Kuwait; waning by -61.9% on the previous year. Overall, imports faced a precipitous decline. The most prominent rate of growth was recorded in 2021 with an increase of 22%.

In value terms, imports of stainless steel, flat-rolled, width less than 600mm, cold-rolleds declined sharply to $778K in 2022. In general, imports showed a precipitous curtailment. The most prominent rate of growth was recorded in 2021 when imports increased by 23% against the previous year.

Top Suppliers of Stainless Steel, Flat-Rolled, Width Less than 600mm, Cold-Rolled to Kuwait in 2022:

1. United Kingdom (53.4 tons)
2. India (42.9 tons)
3. China (17.1 tons)
4. Belgium (11.3 tons)
5. Taiwan (Chinese) (6.2 tons)
6. United Arab Emirates (6.1 tons)
7. Sweden (5.2 tons)
8. United States (3.6 tons)
9. Netherlands (2.5 tons)
10. South Korea (2.4 tons)

Exports of Stainless Steel, Flat-Rolled, Width Less than 600mm, Cold-Rolled in Kuwait

In 2022, overseas shipments of stainless steel, flat-rolled, width less than 600mm, cold-rolleds decreased by -83% to 4.9 tons, falling for the second year in a row after two years of growth. In general, exports faced a precipitous setback. The growth pace was the most rapid in 2020 when exports increased by 0.8%. As a result, the exports attained the peak of 29 tons. From 2021 to 2022, the growth of the exports of failed to regain momentum.

In value terms, exports of stainless steel, flat-rolled, width less than 600mm, cold-rolleds plummeted to $24K in 2022. Over the period under review, exports saw a significant decrease. The growth pace was the most rapid in 2021 when exports increased by 3.2% against the previous year.

Top Export Markets for Stainless Steel, Flat-Rolled, Width Less than 600mm, Cold-Rolled from Kuwait in 2022:

1. Iraq (3.9 tons)
2. Qatar (0.8 tons)
3. Oman (0.1 tons)

Source: IndexBox Market Intelligence Platform