Ferro-Alloys; Ferro-Nickel Price in Kuwait - 2022
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Ferro-Alloys; Ferro-Nickel Price in Kuwait (CIF) - 2022
In 2022, the average ferro-alloys; ferro-nickel import price amounted to $2,256 per ton, leveling off at the previous year. Overall, the import price, however, saw a abrupt decrease. The growth pace was the most rapid in 2018 an increase of 786% against the previous year. As a result, import price attained the peak level of $45,500 per ton. From 2019 to 2022, the average import prices remained at a somewhat lower figure.
As there is only one major supplying country, the average price level is determined by prices for China.
From 2013 to 2022, the rate of growth in terms of prices for China amounted to -6.9% per year.
Ferro-Alloys; Ferro-Nickel Imports in Kuwait
After two years of decline, supplies from abroad of ferro-alloys; ferro-nickels decreased by -50% to 39 kg in 2022. Over the period under review, imports saw a sharp descent.
In value terms, ferro-alloys; ferro-nickel imports fell sharply to $88 in 2022. Overall, imports continue to indicate a sharp shrinkage.
Import of Ferro-Alloys; Ferro-Nickel in Kuwait (USD) | |||||
---|---|---|---|---|---|
COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
China | 349 | N/A | 90.0 | 88.0 | -36.8% |
United States | N/A | N/A | 85.0 | N/A | 0% |
Others | N/A | N/A | N/A | N/A | 0% |
Total | 349 | N/A | 175 | 88.0 | -36.8% |
Top Suppliers of Ferro-Alloys; Ferro-Nickel to Kuwait in 2022:
- China (39.0 kg)
This report provides an in-depth analysis of the ferro-alloys market in Kuwait.
This report provides an in-depth analysis of the miscellaneous ferro-alloys market in Kuwait.
This report provides an in-depth analysis of the ferro-chromium market in Kuwait.
This report provides an in-depth analysis of the ferro-silicon market in Kuwait.
This report provides an in-depth analysis of the ferro-manganese market in Kuwait.
This report provides an in-depth analysis of the ferro-titanium and ferro-silico-titanium market in Kuwait.
This report provides an in-depth analysis of the ferro-silico-manganese market in Kuwait.
This report provides an in-depth analysis of the ferro-molybdenum market in Kuwait.
This report provides an in-depth analysis of the global ferro-alloys market.
This report provides an in-depth analysis of the global miscellaneous ferro-alloys market.
China dominates the world market for ferro-alloys, importing a staggering $9.8 billion worth of these alloys in 2022. The United States, Japan, Indonesia, Germany, the Netherlands, Italy, South Korea, Turkey, and India are also major importers of ferro-alloys, driven by their respective manufacturing sectors and domestic consumption.
The conflict between Russia and Ukraine has had a significant impact on the ferroalloy industry. The main producing regions of ferroalloys are located in Eastern Europe, which has been affected by the conflict.
Throughout January-September 2021, global ferroalloy trade totalled $11.8B, increasing by +36% compared to the same period last year. This spike was caused by growing prices, as imports in physical terms remained nearly unchanged against the previous year’s figures. China tops the ferroalloy importer ranking with 29% of the total value, followed by Japan and the U.S. The average ferroalloy import price in September 2021 was estimated at $2.5 per kg, a 56%-increase compared to those of September 2020.
The global trade in ferro-alloys amounted to X million USD in 2015, fluctuating wildly over the period under review. A plunge in 2009 was followed by recovery over the next two years, until exports decreased again. Exports continued falling for th
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