Price for Steel, Alloy; Ingots and Other Primary Forms in Kuwait - 2022
Contents:
- Price for Steel, Alloy; Ingots and Other Primary Forms in Kuwait (CIF) - 2022
- Imports of Steel, Alloy; Ingots and Other Primary Forms in Kuwait
Price for Steel, Alloy; Ingots and Other Primary Forms in Kuwait (CIF) - 2022
In 2022, the average import price for steel, alloy; ingots and other primary formses amounted to $15,483 per ton, increasing by 22% against the previous year. In general, the import price enjoyed a buoyant expansion. The pace of growth appeared the most rapid in 2015 when the average import price increased by 2,413% against the previous year. As a result, import price reached the peak level of $19,254 per ton. From 2016 to 2022, the average import prices failed to regain momentum.
There were significant differences in the average prices amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was the UK ($53,450 per ton), while the price for the United States ($6,129 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by the United Arab Emirates (+42.6%), while the prices for the other major suppliers experienced more modest paces of growth.
Imports of Steel, Alloy; Ingots and Other Primary Forms in Kuwait
In 2022, imports of steel, alloy; ingots and other primary formses into Kuwait soared to 3.1 tons, rising by 45% on the previous year. Overall, imports posted significant growth. The pace of growth was the most pronounced in 2021 with an increase of 282%. Imports peaked in 2022 and are expected to retain growth in years to come.
In value terms, imports of steel, alloy; ingots and other primary formses surged to $48K in 2022. Over the period under review, imports posted a significant expansion. The most prominent rate of growth was recorded in 2021 when imports increased by 333%. Over the period under review, imports of attained the peak figure in 2022 and are likely to see steady growth in years to come.
| Import of Steel, Alloy; Ingots and Other Primary Forms in Kuwait (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| United Arab Emirates | 1.1 | 0.9 | 6.7 | 28.3 | 195.2% |
| United States | 8.9 | 4.0 | 15.2 | 15.1 | 19.3% |
| United Kingdom | 3.7 | 1.3 | 4.5 | 4.3 | 5.1% |
| China | N/A | N/A | 0.5 | N/A | 0% |
| Others | N/A | N/A | N/A | N/A | 0% |
| Total | 13.7 | 6.2 | 26.9 | 47.6 | 51.5% |
Top Suppliers of Steel, Alloy; Ingots and Other Primary Forms to Kuwait in 2022:
- United States (2.5 tons)
- United Arab Emirates (0.5 tons)
- United Kingdom (0.1 tons)
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