Price for Steel, Stainless; Angles, Shapes and Sections in Kuwait - 2022
Contents:
- Price for Steel, Stainless; Angles, Shapes and Sections in Kuwait (CIF) - 2022
- Price for Steel, Stainless; Angles, Shapes and Sections in Kuwait (FOB) - 2022
- Imports of Steel, Stainless; Angles, Shapes and Sections in Kuwait
- Exports of Steel, Stainless; Angles, Shapes and Sections in Kuwait
Price for Steel, Stainless; Angles, Shapes and Sections in Kuwait (CIF) - 2022
In 2022, the average import price for steel, stainless amounted to $6,438 per ton, shrinking by -22.4% against the previous year. Over the period under review, the import price, however, continues to indicate a noticeable expansion. The most prominent rate of growth was recorded in 2020 when the average import price increased by 184%. Over the period under review, average import prices hit record highs at $8,659 per ton in 2015; however, from 2016 to 2022, import prices remained at a lower figure.
Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Saudi Arabia ($12,961 per ton), while the price for Turkey ($5,365 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Saudi Arabia (+26.0%), while the prices for the other major suppliers experienced more modest paces of growth.
Price for Steel, Stainless; Angles, Shapes and Sections in Kuwait (FOB) - 2022
The average export price for steel, stainless stood at $3,683 per ton in 2022, jumping by 73% against the previous year. In general, the export price posted a noticeable expansion. The growth pace was the most rapid in 2015 when the average export price increased by 119%. The export price peaked in 2022 and is likely to continue growth in years to come.
Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Oman ($14,706 per ton), while the average price for exports to Qatar ($1,204 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 Saudi Arabia (+15.2%), while the prices for the other major destinations experienced more modest paces of growth.
Imports of Steel, Stainless; Angles, Shapes and Sections in Kuwait
In 2022, approx. 132 tons of steel, stainless were imported into Kuwait; falling by -4.3% compared with 2021. In general, imports recorded a dramatic contraction. The most prominent rate of growth was recorded in 2021 when imports increased by 75% against the previous year.
In value terms, imports of steel, stainless dropped remarkably to $859K in 2022. Overall, imports, however, showed strong growth. The most prominent rate of growth was recorded in 2021 when imports increased by 108% against the previous year. As a result, imports attained the peak of $1.1M, and then declined significantly in the following year.
| Import of Steel, Stainless; Angles, Shapes and Sections in Kuwait (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| India | 104 | 59.8 | 209 | 219 | 28.2% |
| United Arab Emirates | 13.0 | 13.4 | 89.6 | 106 | 101.3% |
| China | 47.2 | 94.8 | 102 | 94.0 | 25.8% |
| Belarus | N/A | N/A | N/A | 88.0 | 0% |
| South Korea | 159 | 33.7 | 53.3 | 82.6 | -19.6% |
| Turkey | 43.1 | 16.7 | 187 | 78.3 | 22.0% |
| Saudi Arabia | 54.3 | 58.2 | 94.9 | 54.5 | 0.1% |
| Germany | 26.6 | 91.4 | 69.3 | 9.6 | -28.8% |
| France | 27.3 | 20.8 | 3.8 | 8.4 | -32.5% |
| Iran | 45.4 | N/A | N/A | N/A | 0% |
| Others | 129 | 143 | 300 | 119 | -2.7% |
| Total | 649 | 532 | 1,108 | 859 | 9.8% |
Top Suppliers of Steel, Stainless; Angles, Shapes and Sections to Kuwait in 2022:
- India (37.3 tons)
- United Arab Emirates (18.6 tons)
- China (16.0 tons)
- Belarus (15.0 tons)
- Turkey (14.6 tons)
- South Korea (13.0 tons)
- Saudi Arabia (4.2 tons)
- Germany (1.6 tons)
- France (1.4 tons)
Exports of Steel, Stainless; Angles, Shapes and Sections in Kuwait
In 2022, shipments abroad of steel, stainless decreased by -42% to 6.2 tons, falling for the second year in a row after two years of growth. Overall, exports, however, recorded a significant expansion. The pace of growth was the most pronounced in 2020 when exports increased by 3,396% against the previous year. As a result, the exports reached the peak of 34 tons. From 2021 to 2022, the growth of the exports of failed to regain momentum.
In value terms, exports of steel, stainless declined markedly to $23K in 2022. In general, exports, however, continue to indicate a significant expansion. The most prominent rate of growth was recorded in 2020 with an increase of 1,782% against the previous year. As a result, the exports reached the peak of $39K. From 2021 to 2022, the growth of the exports of remained at a somewhat lower figure.
| Export of Steel, Stainless; Angles, Shapes and Sections in Kuwait (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Jordan | 0.9 | 5.9 | 16.0 | 13.0 | 143.5% |
| Saudi Arabia | 0.6 | 3.2 | 7.5 | 5.2 | 105.4% |
| Qatar | 0.3 | 1.6 | 4.1 | 3.2 | 120.1% |
| India | N/A | 27.0 | N/A | N/A | 0% |
| Others | 0.4 | 1.5 | 2.3 | 1.3 | 48.1% |
| Total | 2.1 | 39.2 | 29.9 | 22.8 | 121.4% |
Top Export Markets for Steel, Stainless; Angles, Shapes and Sections from Kuwait in 2022:
- Jordan (2.7 tons)
- Qatar (2.6 tons)
- Saudi Arabia (0.8 tons)
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