Kuwait - Articles Of Iron Or Steel - Market Analysis, Forecast, Size, Trends And Insights
Get instant access to more than 2 million reports, dashboards, and datasets on the IndexBox Platform.
View PricingPrice for Steel and Iron Articles in Kuwait - 2021
Contents:
- Price for Steel and Iron Articles in Kuwait (CIF) - 2021
- Price for Steel and Iron Articles in Kuwait (FOB) - 2022
- Imports of Steel and Iron Articles in Kuwait
- Exports of Steel and Iron Articles in Kuwait
Price for Steel and Iron Articles in Kuwait (CIF) - 2021
In December 2021, the average steel and iron articles import price amounted to $5,262 per ton, stabilizing at the previous month. Over the period under review, the import price, however, recorded a deep setback. The growth pace was the most rapid in April 2021 when the average import price increased by 45% against the previous month. As a result, import price attained the peak level of $15,248 per ton. From May 2021 to December 2021, the average import prices failed to regain momentum.
There were significant differences in the average prices amongst the major supplying countries. In December 2021, the country with the highest price was the United States ($9,259 per ton), while the price for Saudi Arabia ($1,425 per ton) was amongst the lowest.
From January 2021 to December 2021, the most notable rate of growth in terms of prices was attained by Russia (+0.6%), while the prices for the other major suppliers experienced a decline.
Price for Steel and Iron Articles in Kuwait (FOB) - 2022
The average steel and iron articles export price stood at $1,807 per ton in 2022, stabilizing at the previous year. Over the period under review, the export price continues to indicate a noticeable decrease. The pace of growth appeared the most rapid in 2018 an increase of 26%. Over the period under review, the average export prices reached the peak figure at $2,918 per ton in 2014; however, from 2015 to 2022, the export prices stood at a somewhat lower figure.
There were significant differences in the average prices for the major external markets. In 2022, amid the top suppliers, the country with the highest price was the United Arab Emirates ($3,182 per ton), while the average price for exports to Iran ($1,005 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 Iraq (+7.4%), while the prices for the other major destinations experienced more modest paces of growth.
Imports of Steel and Iron Articles in Kuwait
In 2022, the amount of articles of iron or steel imported into Kuwait fell to 9.7K tons, stabilizing at 2021 figures. The total import volume increased at an average annual rate of +1.1% over the period from 2019 to 2022; the trend pattern remained relatively stable, with somewhat noticeable fluctuations being recorded throughout the analyzed period. The most prominent rate of growth was recorded in 2021 with an increase of 15% against the previous year. As a result, imports reached the peak of 9.8K tons, and then fell slightly in the following year.
In value terms, steel and iron articles imports reduced to $53M in 2022. Over the period under review, imports saw a deep slump. The growth pace was the most rapid in 2021 with an increase of 1.1%.
Import of Steel and Iron Articles in Kuwait (Million USD) | |||||
---|---|---|---|---|---|
COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
China | 14.8 | 13.8 | 15.2 | 13.5 | -3.0% |
United Arab Emirates | 10.1 | 6.9 | 7.8 | 6.9 | -11.9% |
United States | 6.5 | 8.4 | 4.5 | 5.0 | -8.4% |
Bahrain | 0.3 | 0.2 | 3.5 | 3.1 | 117.8% |
Indonesia | N/A | N/A | 3.5 | 3.1 | -11.4% |
Turkey | 3.9 | 2.6 | 2.9 | 2.6 | -12.6% |
India | 4.7 | 1.9 | 2.1 | 2.2 | -22.4% |
Italy | 2.8 | 2.7 | 2.3 | 2.1 | -9.1% |
Germany | 2.9 | 2.5 | 1.9 | 1.9 | -13.1% |
South Korea | 5.4 | 0.6 | 0.8 | 1.8 | -30.7% |
Saudi Arabia | 3.7 | 1.4 | 0.9 | 1.5 | -26.0% |
Russia | 0.1 | 0.3 | 1.6 | 1.5 | 146.6% |
Others | 13.7 | 11.8 | 6.7 | 8.2 | -15.7% |
Total | 69.0 | 53.1 | 53.7 | 53.4 | -8.2% |
Top Suppliers of Steel and Iron Articles to Kuwait in 2022:
- China (2363.3 tons)
- United Arab Emirates (1641.1 tons)
- Saudi Arabia (1388.2 tons)
- Bahrain (1124.1 tons)
- Turkey (457.8 tons)
- Indonesia (425.8 tons)
- United States (412.1 tons)
- India (348.7 tons)
- Russia (247.5 tons)
- South Korea (199.3 tons)
- Italy (179.5 tons)
- Germany (120.0 tons)
Exports of Steel and Iron Articles in Kuwait
In 2022, exports of articles of iron or steel from Kuwait reduced remarkably to 1.4K tons, with a decrease of -35% compared with 2021. In general, exports recorded a abrupt descent. The pace of growth was the most pronounced in 2021 with an increase of 235%. As a result, the exports attained the peak of 2.1K tons, and then shrank significantly in the following year.
In value terms, steel and iron articles exports dropped sharply to $2.5M in 2022. Overall, exports continue to indicate a deep contraction. The most prominent rate of growth was recorded in 2021 when exports increased by 240%.
Export of Steel and Iron Articles in Kuwait (Thousand USD) | |||||
---|---|---|---|---|---|
COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
Saudi Arabia | 1,292 | 146 | 644 | 424 | -31.0% |
Iran | 41.0 | 45.2 | 705 | 423 | 117.7% |
United Arab Emirates | 406 | 258 | 692 | 415 | 0.7% |
Pakistan | 506 | 116 | 371 | 226 | -23.6% |
Qatar | 411 | 91.5 | 341 | 205 | -20.7% |
Germany | 319 | 133 | 3.7 | 134 | -25.1% |
India | 199 | 66.3 | 156 | 104 | -19.5% |
United States | 178 | 82.1 | 17.8 | 82.8 | -22.5% |
Oman | 271 | 13.2 | 68.6 | 65.0 | -37.9% |
Others | 779 | 183 | 856 | 417 | -18.8% |
Total | 4,401 | 1,135 | 3,855 | 2,495 | -17.2% |
Top Export Markets for Steel and Iron Articles from Kuwait in 2022:
- Iran (421.3 tons)
- Saudi Arabia (337.0 tons)
- United Arab Emirates (130.5 tons)
- Pakistan (113.4 tons)
- Qatar (104.6 tons)
- Germany (63.8 tons)
- India (42.2 tons)
- United States (21.1 tons)
- Oman (14.6 tons)
This report provides an in-depth analysis of the market for steel and iron articles in Kuwait. Within it, you will discover the latest data on market trends and opportunities by country, consumption, production and price developments, as well as the global trade (imports and exports). The forecast exhibits the market prospects through 2030.
Product coverage:
- Prodcom 25992945 - Articles of iron or steel, n.e.s.
- Prodcom 25992931 - Iron or steel ladders and steps (excluding forged or stamped)
- Prodcom 25992933 - Iron or steel pallets and similar platforms for handling goods
- Prodcom 25992935 - Iron or steel reels for cables, piping and the like
- Prodcom 25992937 - Iron or steel non-mechanical ventilators, guttering, hooks and similar articles used in the building industry (excluding forged or stamped)
Country coverage:
- Kuwait
Data coverage:
- Market volume and value
- Per Capita consumption
- Forecast of the market dynamics in the medium term
- Trade (exports and imports) in Kuwait
- Export and import prices
- Market trends, drivers and restraints
- Key market players and their profiles
Reasons to buy this report:
- Take advantage of the latest data
- Find deeper insights into current market developments
- Discover vital success factors affecting the market
This report is designed for manufacturers, distributors, importers, and wholesalers, as well as for investors, consultants and advisors.
In this report, you can find information that helps you to make informed decisions on the following issues:
- How to diversify your business and benefit from new market opportunities
- How to load your idle production capacity
- How to boost your sales on overseas markets
- How to increase your profit margins
- How to make your supply chain more sustainable
- How to reduce your production and supply chain costs
- How to outsource production to other countries
- How to prepare your business for global expansion
While doing this research, we combine the accumulated expertise of our analysts and the capabilities of artificial intelligence. The AI-based platform, developed by our data scientists, constitutes the key working tool for business analysts, empowering them to discover deep insights and ideas from the marketing data.
-
1. INTRODUCTION
Making Data-Driven Decisions to Grow Your Business
- REPORT DESCRIPTION
- RESEARCH METHODOLOGY AND AI PLATFORM
- DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
- GLOSSARY AND SPECIFIC TERMS
-
2. EXECUTIVE SUMMARY
A Quick Overview of Market Performance
- KEY FINDINGS
- MARKET TRENDS This Chapter is Available Only for the Professional Edition PRO
-
3. MARKET OVERVIEW
Understanding the Current State of The Market and Its Prospects
- MARKET SIZE
- MARKET STRUCTURE
- TRADE BALANCE
- PER CAPITA CONSUMPTION
- MARKET FORECAST TO 2030
-
4. MOST PROMISING PRODUCT
Finding New Products to Diversify Your Business
This Chapter is Available Only for the Professional Edition PRO- TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
- BEST-SELLING PRODUCTS
- MOST CONSUMED PRODUCT
- MOST TRADED PRODUCT
- MOST PROFITABLE PRODUCT FOR EXPORT
-
5. MOST PROMISING SUPPLYING COUNTRIES
Choosing the Best Countries to Establish Your Sustainable Supply Chain
This Chapter is Available Only for the Professional Edition PRO- TOP COUNTRIES TO SOURCE YOUR PRODUCT
- TOP PRODUCING COUNTRIES
- TOP EXPORTING COUNTRIES
- LOW-COST EXPORTING COUNTRIES
-
6. MOST PROMISING OVERSEAS MARKETS
Choosing the Best Countries to Boost Your Exports
This Chapter is Available Only for the Professional Edition PRO- TOP OVERSEAS MARKETS FOR EXPORTING YOUR PRODUCT
- TOP CONSUMING MARKETS
- UNSATURATED MARKETS
- TOP IMPORTING MARKETS
- MOST PROFITABLE MARKETS
7. PRODUCTION
The Latest Trends and Insights into The Industry
- PRODUCTION VOLUME AND VALUE
8. IMPORTS
The Largest Import Supplying Countries
- IMPORTS FROM 2012–2023
- IMPORTS BY COUNTRY
- IMPORT PRICES BY COUNTRY
9. EXPORTS
The Largest Destinations for Exports
- EXPORTS FROM 2012–2023
- EXPORTS BY COUNTRY
- EXPORT PRICES BY COUNTRY
-
10. PROFILES OF MAJOR PRODUCERS
The Largest Producers on The Market and Their Profiles
This Chapter is Available Only for the Professional Edition PRO -
LIST OF TABLES
- Key Findings In 2023
- Market Volume, In Physical Terms, 2012–2023
- Market Value, 2012–2023
- Per Capita Consumption In 2012-2023
- Imports, In Physical Terms, By Country, 2012–2023
- Imports, In Value Terms, By Country, 2012–2023
- Import Prices, By Country Of Origin, 2012–2023
- Exports, In Physical Terms, By Country, 2012–2023
- Exports, In Value Terms, By Country, 2012–2023
- Export Prices, By Country Of Destination, 2012–2023
-
LIST OF FIGURES
- Market Volume, In Physical Terms, 2012–2023
- Market Value, 2012–2023
- Market Structure – Domestic Supply vs. Imports, In Physical Terms, 2012-2023
- Market Structure – Domestic Supply vs. Imports, In Value Terms, 2012-2023
- Trade Balance, In Physical Terms, 2012-2023
- Trade Balance, In Value Terms, 2012-2023
- Per Capita Consumption, 2012-2023
- Market Volume Forecast to 2030
- Market Value Forecast to 2030
- Products: Market Size And Growth, By Type
- Products: Average Per Capita Consumption, By Type
- Products: Exports And Growth, By Type
- Products: Export Prices And Growth, By Type
- Production Volume And Growth
- Exports And Growth
- Export Prices And Growth
- Market Size And Growth
- Per Capita Consumption
- Imports And Growth
- Import Prices
- Production, In Physical Terms, 2012–2023
- Production, In Value Terms, 2012–2023
- Imports, In Physical Terms, 2012–2023
- Imports, In Value Terms, 2012–2023
- Imports, In Physical Terms, By Country, 2023
- Imports, In Physical Terms, By Country, 2012–2023
- Imports, In Value Terms, By Country, 2012–2023
- Import Prices, By Country Of Origin, 2012–2023
- Exports, In Physical Terms, 2012–2023
- Exports, In Value Terms, 2012–2023
- Exports, In Physical Terms, By Country, 2023
- Exports, In Physical Terms, By Country, 2012–2023
- Exports, In Value Terms, By Country, 2012–2023
- Export Prices, By Country Of Destination, 2012–2023
This report provides an in-depth analysis of the market for steel and iron articles in Kuwait.
This report provides an in-depth analysis of the market for iron or steel wire product in Kuwait.
This report provides an in-depth analysis of the global market for steel and iron articles.
Global Metal Ladder Market Report 2018. This report provides an in-depth analysis of the global metal ladder market.
Global Metal Non-Mechanical Ventilator Market Report 2018. This report provides an in-depth analysis of the global metal non-mechanical ventilator market.
Global Metal Pallet Market Report 2018. This report provides an in-depth analysis of the global metal pallet market.
Global Metal Reel Market Report 2018. This report provides an in-depth analysis of the global metal reel market.
This report provides an in-depth analysis of the global market for iron or steel wire product.
Global Forged Metal Articles Market Report 2018. This report provides an in-depth analysis of the global forged metal articles market.
This report provides an in-depth analysis of the market for steel and iron articles in Kuwait.
Nothing found. Please try again.