Price for Tube or Pipe Butt Welding Fittings of Stainless Steel in Kuwait - 2022
Contents:
- Price for Tube or Pipe Butt Welding Fittings of Stainless Steel in Kuwait (CIF) - 2022
- Price for Tube or Pipe Butt Welding Fittings of Stainless Steel in Kuwait (FOB) - 2022
- Imports of Tube or Pipe Butt Welding Fittings of Stainless Steel in Kuwait
- Exports of Tube or Pipe Butt Welding Fittings of Stainless Steel in Kuwait
Price for Tube or Pipe Butt Welding Fittings of Stainless Steel in Kuwait (CIF) - 2022
In 2022, the average import price for tube or pipe butt welding fittings of stainless steels amounted to $13,423 per ton, with an increase of 16% against the previous year. Over the period under review, the import price, however, showed a relatively flat trend pattern. The growth pace was the most rapid in 2014 when the average import price increased by 46%. As a result, import price reached the peak level of $15,648 per ton. From 2015 to 2022, the average import prices remained at a somewhat lower figure.
Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Germany ($18,058 per ton), while the price for Japan ($2,260 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Thailand (+10.7%), while the prices for the other major suppliers experienced more modest paces of growth.
Price for Tube or Pipe Butt Welding Fittings of Stainless Steel in Kuwait (FOB) - 2022
The average export price for tube or pipe butt welding fittings of stainless steels stood at $20,872 per ton in 2022, declining by -6.4% against the previous year. Overall, the export price, however, continues to indicate a remarkable increase. The most prominent rate of growth was recorded in 2021 when the average export price increased by 71% against the previous year. As a result, the export price reached the peak level of $22,299 per ton, and then declined in the following year.
Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was the UK ($92,000 per ton), while the average price for exports to the United Arab Emirates ($9,392 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 (+39.1%), while the prices for the other major destinations experienced more modest paces of growth.
Imports of Tube or Pipe Butt Welding Fittings of Stainless Steel in Kuwait
In 2022, overseas purchases of tube or pipe butt welding fittings of stainless steels increased by 339% to 226 tons for the first time since 2019, thus ending a two-year declining trend. Overall, imports, however, saw a sharp decrease.
In value terms, imports of tube or pipe butt welding fittings of stainless steels soared to $3M in 2022. In general, imports, however, continue to indicate a deep reduction.
| Import of Tube or Pipe Butt Welding Fittings of Stainless Steel in Kuwait (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| China | 2,763 | 1,504 | 177 | 1,683 | -15.2% |
| India | 155 | 84.8 | 40.5 | 793 | 72.3% |
| Italy | 1,045 | 279 | 101 | 131 | -50.0% |
| South Korea | 588 | 138 | 89.8 | 95.2 | -45.5% |
| Thailand | 78.7 | 70.5 | 24.6 | 74.3 | -1.9% |
| Japan | 26.1 | 28.2 | 14.1 | 28.7 | 3.2% |
| Others | 659 | 458 | 149 | 229 | -29.7% |
| Total | 5,315 | 2,563 | 596 | 3,034 | -17.0% |
Top Suppliers of Tube or Pipe Butt Welding Fittings of Stainless Steel to Kuwait in 2022:
- China (138.9 tons)
- India (43.9 tons)
- Japan (12.7 tons)
- Italy (7.2 tons)
- Thailand (6.1 tons)
- South Korea (5.3 tons)
Exports of Tube or Pipe Butt Welding Fittings of Stainless Steel in Kuwait
In 2022, the amount of tube or pipe butt welding fittings of stainless steels exported from Kuwait dropped remarkably to 257 kg, with a decrease of -82.8% against the previous year's figure. In general, exports showed a significant curtailment. The most prominent rate of growth was recorded in 2021 with an increase of 92% against the previous year.
In value terms, exports of tube or pipe butt welding fittings of stainless steels declined significantly to $5.4K in 2022. Overall, exports showed a sharp decline. The pace of growth appeared the most rapid in 2021 when exports increased by 228% against the previous year.
| Export of Tube or Pipe Butt Welding Fittings of Stainless Steel in Kuwait (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Bahrain | 7.6 | 2.9 | 16.0 | 2.3 | -32.9% |
| Oman | 3.2 | 0.5 | 0.4 | 1.3 | -25.9% |
| United Arab Emirates | 16.7 | 3.9 | 13.4 | 1.2 | -58.4% |
| Saudi Arabia | 2.5 | 0.6 | 2.1 | 0.2 | -56.9% |
| Singapore | 19.4 | N/A | N/A | N/A | 0% |
| Iraq | 3.2 | N/A | N/A | N/A | 0% |
| Pakistan | 5.3 | N/A | N/A | N/A | 0% |
| Others | 5.0 | 2.2 | 1.5 | 0.4 | -56.9% |
| Total | 62.9 | 10.2 | 33.4 | 5.4 | -55.9% |
Top Export Markets for Tube or Pipe Butt Welding Fittings of Stainless Steel from Kuwait in 2022:
- United Arab Emirates (125.0 kg)
- Oman (99.0 kg)
- Bahrain (26.0 kg)
- Saudi Arabia (4.0 kg)
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