Price for Tube or Pipe Threaded Elbows, Bends and Sleeves of Stainless Steel in Kuwait - 2022
Contents:
- Price for Tube or Pipe Threaded Elbows, Bends and Sleeves of Stainless Steel in Kuwait (CIF) - 2022
- Price for Tube or Pipe Threaded Elbows, Bends and Sleeves of Stainless Steel in Kuwait (FOB) - 2022
- Imports of Tube or Pipe Threaded Elbows, Bends and Sleeves of Stainless Steel in Kuwait
- Exports of Tube or Pipe Threaded Elbows, Bends and Sleeves of Stainless Steel in Kuwait
Price for Tube or Pipe Threaded Elbows, Bends and Sleeves of Stainless Steel in Kuwait (CIF) - 2022
In 2022, the average import price for tube or pipe threaded elbows, bends and sleeves of stainless steels amounted to $31,218 per ton, surging by 53% against the previous year. Over the period under review, the import price saw strong growth. The most prominent rate of growth was recorded in 2015 an increase of 79%. The import price peaked in 2022 and is expected to retain growth in years to come.
Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Japan ($154,048 per ton), while the price for Pakistan ($3,326 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Japan (+30.2%), while the prices for the other major suppliers experienced more modest paces of growth.
Price for Tube or Pipe Threaded Elbows, Bends and Sleeves of Stainless Steel in Kuwait (FOB) - 2022
In 2022, the average export price for tube or pipe threaded elbows, bends and sleeves of stainless steels amounted to $6,182 per ton, shrinking by -37.3% against the previous year. Overall, the export price recorded a deep reduction. The most prominent rate of growth was recorded in 2015 an increase of 77% against the previous year. Over the period under review, the average export prices reached the maximum at $13,591 per ton in 2012; however, from 2013 to 2022, the export prices remained at a lower figure.
Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was the United States ($279,411 per ton), while the average price for exports to the United Arab Emirates ($1,643 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 India (+48.3%), while the prices for the other major destinations experienced more modest paces of growth.
Imports of Tube or Pipe Threaded Elbows, Bends and Sleeves of Stainless Steel in Kuwait
For the third year in a row, Kuwait recorded decline in supplies from abroad of tube or pipe threaded elbows, bends and sleeves of stainless steels, which decreased by -31.6% to 24 tons in 2022. Over the period under review, imports showed a precipitous contraction. The smallest decline of -17.3% was in 2021.
In value terms, imports of tube or pipe threaded elbows, bends and sleeves of stainless steels rose modestly to $759K in 2022. In general, imports recorded a dramatic setback. The most prominent rate of growth was recorded in 2021 with an increase of 46%.
Import of Tube or Pipe Threaded Elbows, Bends and Sleeves of Stainless Steel in Kuwait (Thousand USD) | |||||
---|---|---|---|---|---|
COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
United States | 382 | 106 | 176 | 243 | -14.0% |
Malaysia | 647 | 167 | 232 | 192 | -33.3% |
China | 83.0 | 33.1 | 59.3 | 76.1 | -2.9% |
Thailand | 3.5 | 0.4 | 19.2 | 35.3 | 116.1% |
South Korea | 236 | 10.1 | 13.5 | 30.5 | -49.4% |
United Kingdom | 18.0 | 63.4 | 55.5 | 22.8 | 8.2% |
India | 16.9 | 3.2 | 11.0 | 22.2 | 9.5% |
Italy | 17.7 | 4.1 | 10.6 | 13.8 | -8.0% |
United Arab Emirates | 48.3 | 18.1 | 15.1 | 10.9 | -39.1% |
Pakistan | 1.5 | 0.9 | 1.6 | 1.8 | 6.3% |
Spain | 62.2 | 1.0 | 10.3 | 1.7 | -69.9% |
Others | 210 | 88.8 | 122 | 109 | -19.6% |
Total | 1,726 | 496 | 726 | 759 | -24.0% |
Top Suppliers of Tube or Pipe Threaded Elbows, Bends and Sleeves of Stainless Steel to Kuwait in 2022:
- Malaysia (10.3 tons)
- Thailand (2.9 tons)
- China (2.4 tons)
- United States (2.0 tons)
- United Kingdom (1.5 tons)
- Italy (0.9 tons)
- India (0.8 tons)
- Pakistan (0.5 tons)
- South Korea (0.5 tons)
- United Arab Emirates (0.3 tons)
- Spain (0.3 tons)
Exports of Tube or Pipe Threaded Elbows, Bends and Sleeves of Stainless Steel in Kuwait
In 2022, exports of tube or pipe threaded elbows, bends and sleeves of stainless steels from Kuwait soared to 17 tons, with an increase of 665% on the year before. Over the period under review, exports enjoyed a significant increase. As a result, the exports reached the peak and are likely to continue growth in the immediate term.
In value terms, exports of tube or pipe threaded elbows, bends and sleeves of stainless steels surged to $108K in 2022. In general, exports saw a significant expansion. As a result, the exports attained the peak and are likely to continue growth in the immediate term.
Export of Tube or Pipe Threaded Elbows, Bends and Sleeves of Stainless Steel in Kuwait (Thousand USD) | |||||
---|---|---|---|---|---|
COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
Oman | 1.0 | 0.6 | 5.3 | 34.3 | 224.9% |
United Arab Emirates | 0.6 | 2.8 | 1.0 | 23.4 | 239.1% |
India | 14.4 | 6.1 | 6.6 | 17.2 | 6.1% |
Singapore | 6.6 | 3.4 | 4.5 | 15.8 | 33.8% |
Saudi Arabia | 0.5 | 0.3 | 0.3 | 1.3 | 37.5% |
Bangladesh | 1.1 | N/A | N/A | N/A | 0% |
Iraq | N/A | N/A | 0.1 | N/A | 0% |
Others | 11.5 | 4.0 | 4.7 | 15.6 | 10.7% |
Total | 35.6 | 17.2 | 22.5 | 108 | 44.8% |
Top Export Markets for Tube or Pipe Threaded Elbows, Bends and Sleeves of Stainless Steel from Kuwait in 2022:
- United Arab Emirates (14.3 tons)
- Oman (2.2 tons)
- Saudi Arabia (0.7 tons)
- Singapore (0.1 tons)
- India (0.1 tons)
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Global Steel Pipe Fitting Market: In 2017, the volume of the global steel tube fittings consumption stood at approx. X tons. After a noticeable contraction in 2009, the volume of consumption recovered over the next three years and then levelled of
Global tube or pipe fitting imports stood at X tons in 2016, moving up by X% against the previous year figure. Overall, it indicated a remarkable growth from 2007 to 2016: the total imports volume...
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