Report Update: May 1, 2024

Kuwait - Iron Or Steel Expanded Metal - Market Analysis, Forecast, Size, Trends And Insights

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Expanded Metal Price in Kuwait - 2021

Expanded Metal Price in Kuwait (CIF) - 2021

In December 2021, the average expanded metal import price amounted to $1,533 per ton, falling by -7.4% against the previous month. In general, the import price showed a relatively flat trend pattern. The most prominent rate of growth was recorded in July 2021 when the average import price increased by 8% against the previous month. The import price peaked at $1,655 per ton in November 2021, and then contracted in the following month.

As there is only one major supplying country, the average price level is determined by prices for the United Arab Emirates.

From January 2021 to December 2021, the rate of growth in terms of prices for India amounted to +2.1% per month.

Expanded Metal Price in Kuwait (FOB) - 2022

In 2022, the average expanded metal export price amounted to $1,647 per ton, growing by 46% against the previous year. Overall, the export price saw a measured increase. Over the period under review, the average export prices hit record highs at $1,978 per ton in 2020; however, from 2021 to 2022, the export prices failed to regain momentum.

There were significant differences in the average prices for the major export markets. In 2022, amid the top suppliers, the country with the highest price was Saudi Arabia ($1,906 per ton), while the average price for exports to Oman ($574 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 Oman (+6.3%), while the prices for the other major destinations experienced a decline.

Expanded Metal Imports in Kuwait

In 2022, the amount of iron or steel expanded metal imported into Kuwait rose sharply to 2.4K tons, picking up by 12% on 2021 figures. Over the period under review, imports, however, continue to indicate a deep contraction. The most prominent rate of growth was recorded in 2021 with an increase of 33%.

In value terms, expanded metal imports shrank to $2.8M in 2022. In general, imports, however, saw a sharp downturn. The pace of growth appeared the most rapid in 2021 when imports increased by 41%.

Import of Expanded Metal in Kuwait (Thousand USD)
COUNTRY	2019	2020	2021	2022	CAGR, 2019-2022
United Arab Emirates	3,602	1,455	2,627	1,544	-24.6%
China	170	252	97.3	882	73.1%
Singapore	301	123	156	110	-28.5%
United Kingdom	1,042	196	190	102	-53.9%
Bahrain	1,478	93.5	6.1	2.9	-87.5%
Others	572	175	170	130	-39.0%
Total	7,165	2,296	3,247	2,771	-27.1%

Top Suppliers of Expanded Metal to Kuwait in 2022:

United Arab Emirates (1436.2 tons)
China (669.8 tons)
United Kingdom (106.4 tons)
Singapore (104.3 tons)
Bahrain (2.8 tons)

Expanded Metal Exports in Kuwait

In 2022, overseas shipments of iron or steel expanded metal increased by 28% to 12 tons for the first time since 2019, thus ending a two-year declining trend. Over the period under review, exports, however, continue to indicate a sharp shrinkage.

In value terms, expanded metal exports skyrocketed to $20K in 2022. Overall, exports, however, saw a sharp shrinkage.

Export of Expanded Metal in Kuwait (Thousand USD)
COUNTRY	2019	2020	2021	2022	CAGR, 2019-2022
Saudi Arabia	26.1	19.1	7.7	14.5	-17.8%
United Arab Emirates	23.7	8.2	2.6	4.8	-41.3%
Qatar	1.3	0.5	0.2	0.3	-38.7%
Oman	0.5	0.2	0.1	0.1	-41.5%
Others	N/A	0.9	N/A	N/A	0%
Total	51.6	28.8	10.5	19.7	-27.5%

Top Export Markets for Expanded Metal from Kuwait in 2022:

Saudi Arabia (7.6 tons)
United Arab Emirates (3.9 tons)
Qatar (0.3 tons)
Oman (0.2 tons)

Source: IndexBox Market Intelligence Platform

This report provides an in-depth analysis of the expanded metal market 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 25931350 - Iron or steel expanded metal

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
1. REPORT DESCRIPTION
2. RESEARCH METHODOLOGY AND AI PLATFORM
3. DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
4. GLOSSARY AND SPECIFIC TERMS
2. EXECUTIVE SUMMARY

A Quick Overview of Market Performance
1. KEY FINDINGS
2. 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
1. MARKET SIZE
2. MARKET STRUCTURE
3. TRADE BALANCE
4. PER CAPITA CONSUMPTION
5. 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
1. TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
2. BEST-SELLING PRODUCTS
3. MOST CONSUMED PRODUCT
4. MOST TRADED PRODUCT
5. 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
1. TOP COUNTRIES TO SOURCE YOUR PRODUCT
2. TOP PRODUCING COUNTRIES
3. TOP EXPORTING COUNTRIES
4. 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
1. TOP OVERSEAS MARKETS FOR EXPORTING YOUR PRODUCT
2. TOP CONSUMING MARKETS
3. UNSATURATED MARKETS
4. TOP IMPORTING MARKETS
5. MOST PROFITABLE MARKETS
7. PRODUCTION

The Latest Trends and Insights into The Industry
1. PRODUCTION VOLUME AND VALUE
8. IMPORTS
The Largest Import Supplying Countries
1. IMPORTS FROM 2012–2023
2. IMPORTS BY COUNTRY
3. IMPORT PRICES BY COUNTRY
9. EXPORTS
The Largest Destinations for Exports
1. EXPORTS FROM 2012–2023
2. EXPORTS BY COUNTRY
3. 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
1. Key Findings In 2023
2. Market Volume, In Physical Terms, 2012–2023
3. Market Value, 2012–2023
4. Per Capita Consumption In 2012-2023
5. Imports, In Physical Terms, By Country, 2012–2023
6. Imports, In Value Terms, By Country, 2012–2023
7. Import Prices, By Country Of Origin, 2012–2023
8. Exports, In Physical Terms, By Country, 2012–2023
9. Exports, In Value Terms, By Country, 2012–2023
10. Export Prices, By Country Of Destination, 2012–2023
LIST OF FIGURES
1. Market Volume, In Physical Terms, 2012–2023
2. Market Value, 2012–2023
3. Market Structure – Domestic Supply vs. Imports, In Physical Terms, 2012-2023
4. Market Structure – Domestic Supply vs. Imports, In Value Terms, 2012-2023
5. Trade Balance, In Physical Terms, 2012-2023
6. Trade Balance, In Value Terms, 2012-2023
7. Per Capita Consumption, 2012-2023
8. Market Volume Forecast to 2030
9. Market Value Forecast to 2030
10. Products: Market Size And Growth, By Type
11. Products: Average Per Capita Consumption, By Type
12. Products: Exports And Growth, By Type
13. Products: Export Prices And Growth, By Type
14. Production Volume And Growth
15. Exports And Growth
16. Export Prices And Growth
17. Market Size And Growth
18. Per Capita Consumption
19. Imports And Growth
20. Import Prices
21. Production, In Physical Terms, 2012–2023
22. Production, In Value Terms, 2012–2023
23. Imports, In Physical Terms, 2012–2023
24. Imports, In Value Terms, 2012–2023
25. Imports, In Physical Terms, By Country, 2023
26. Imports, In Physical Terms, By Country, 2012–2023
27. Imports, In Value Terms, By Country, 2012–2023
28. Import Prices, By Country Of Origin, 2012–2023
29. Exports, In Physical Terms, 2012–2023
30. Exports, In Value Terms, 2012–2023
31. Exports, In Physical Terms, By Country, 2023
32. Exports, In Physical Terms, By Country, 2012–2023
33. Exports, In Value Terms, By Country, 2012–2023
34. Export Prices, By Country Of Destination, 2012–2023