Price for Steel, Stainless; Semi-Finished Products, Other than of Rectangular Cross-Section in Kuwait - 2022
Contents:
- Price for Steel, Stainless; Semi-Finished Products, Other than of Rectangular Cross-Section in Kuwait (CIF) - 2022
- Price for Steel, Stainless; Semi-Finished Products, Other than of Rectangular Cross-Section in Kuwait (FOB) - 2022
- Imports of Steel, Stainless; Semi-Finished Products, Other than of Rectangular Cross-Section in Kuwait
- Exports of Steel, Stainless; Semi-Finished Products, Other than of Rectangular Cross-Section in Kuwait
Price for Steel, Stainless; Semi-Finished Products, Other than of Rectangular Cross-Section in Kuwait (CIF) - 2022
In 2022, the average import price for steel, stainless; semi-finished products, other than of rectangular cross-sectia amounted to $6,102 per ton, with an increase of 53% against the previous year. Over the period under review, the import price enjoyed a prominent expansion. Over the period under review, average import prices hit record highs at $7,391 per ton in 2019; however, from 2020 to 2022, import prices failed to regain momentum.
Average prices varied noticeably amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was the United Arab Emirates ($5,944 per ton), while the price for China ($5,944 per ton) was amongst the lowest.
From 2013 to 2022, the most notable rate of growth in terms of prices was attained by Qatar (+7.1%), while the prices for the other major suppliers experienced mixed trend patterns.
Price for Steel, Stainless; Semi-Finished Products, Other than of Rectangular Cross-Section in Kuwait (FOB) - 2022
In 2022, the average export price for steel, stainless; semi-finished products, other than of rectangular cross-sectia amounted to $7,206 per ton, jumping by 3,764% against the previous year. Overall, the export price posted a buoyant expansion. Over the period under review, the average export prices hit record highs at $67,959 per ton in 2015; however, from 2016 to 2022, the export prices stood at a somewhat lower figure.
As there is only one major export destination, the average price level is determined by prices for the UK.
From 2014 to 2022, the rate of growth in terms of prices for India amounted to -13.7% per year.
Imports of Steel, Stainless; Semi-Finished Products, Other than of Rectangular Cross-Section in Kuwait
For the third year in a row, Kuwait recorded decline in overseas purchases of steel, stainless; semi-finished products, other than of rectangular cross-sectia, which decreased by -19% to 73 tons in 2022. In general, imports faced a significant decline. The smallest decline of -17.1% was in 2020.
In value terms, imports of steel, stainless; semi-finished products, other than of rectangular cross-sectia skyrocketed to $448K in 2022. Overall, imports continue to indicate a sharp reduction.
| Import of Steel, Stainless; Semi-Finished Products, Other than of Rectangular Cross-Section in Kuwait (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| China | 229 | 134 | 161 | 253 | 3.4% |
| United Arab Emirates | 968 | 11.0 | 6.7 | 151 | -46.2% |
| India | 14.9 | 6.8 | 56.5 | 20.9 | 11.9% |
| United Kingdom | 12.3 | 2.0 | 16.1 | 4.3 | -29.6% |
| Jordan | N/A | 193 | N/A | N/A | 0% |
| Taiwan (Chinese) | N/A | N/A | 57.2 | N/A | 0% |
| Qatar | 39.8 | 24.9 | 33.8 | N/A | -7.8% |
| Others | 9.5 | 3.0 | 30.2 | 19.1 | 26.2% |
| Total | 1,274 | 375 | 362 | 448 | -29.4% |
Top Suppliers of Steel, Stainless; Semi-Finished Products, Other than of Rectangular Cross-Section to Kuwait in 2022:
- China (42.5 tons)
- United Arab Emirates (25.3 tons)
- India (3.5 tons)
- United Kingdom (0.7 tons)
Exports of Steel, Stainless; Semi-Finished Products, Other than of Rectangular Cross-Section in Kuwait
In 2022, shipments abroad of steel, stainless; semi-finished products, other than of rectangular cross-sectia decreased by -99.4% to 136 kg, falling for the second year in a row after two years of growth. Overall, exports saw a precipitous shrinkage. The growth pace was the most rapid in 2020 when exports increased by 6.5%. As a result, the exports attained the peak of 33 tons. From 2021 to 2022, the growth of the exports of remained at a somewhat lower figure.
In value terms, exports of steel, stainless; semi-finished products, other than of rectangular cross-sectia fell significantly to $980 in 2022. In general, exports continue to indicate a sharp descent. The smallest decline of -34.5% was in 2021.
| Export of Steel, Stainless; Semi-Finished Products, Other than of Rectangular Cross-Section in Kuwait (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| United Kingdom | N/A | N/A | N/A | 1.0 | 0% |
| India | 3.3 | 6.0 | 3.3 | N/A | 0.0% |
| United Arab Emirates | N/A | N/A | 0.7 | N/A | 0% |
| Iraq | 10.8 | N/A | N/A | N/A | 0% |
| Others | N/A | 0.1 | N/A | N/A | 0% |
| Total | 14.1 | 6.1 | 4.0 | 1.0 | -58.6% |
Top Export Markets for Steel, Stainless; Semi-Finished Products, Other than of Rectangular Cross-Section from Kuwait in 2022:
- United Kingdom (136.0 kg)
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