Report Update: May 1, 2024

Kuwait - Base Metal Flexible Tubing, Iron Or Steel - Market Analysis, Forecast, Size, Trends And Insights

Single report

Sent by email within 24h (Mon-Fri)

$599 Basic Edition

$2095 Professional Edition

What's the difference?

Subscription

Online access and download

from $350/month

Get instant access to more than 2 million reports, dashboards, and datasets on the IndexBox Platform.

View Pricing

Price for Base Metal Flexible Tubing in Kuwait - 2022

Price for Base Metal Flexible Tubing in Kuwait (CIF) - 2021

In December 2021, the average base metal flexible tubing import price amounted to $6,828 per ton, rising by 176% against the previous month. Over the period under review, the import price, however, continues to indicate a deep slump. The pace of growth was the most pronounced in July 2021 an increase of 494% month-to-month. As a result, import price reached the peak level of $54,156 per ton. From August 2021 to December 2021, the average import prices failed to regain momentum.

Prices varied noticeably by the country of origin: the country with the highest price was Italy ($26,139 per ton), while the price for the United Arab Emirates ($3,321 per ton) was amongst the lowest.

From January 2021 to December 2021, the most notable rate of growth in terms of prices was attained by Italy (+23.0%), while the prices for the other major suppliers experienced more modest paces of growth.

Price for Base Metal Flexible Tubing in Kuwait (FOB) - 2022

In 2022, the average base metal flexible tubing export price amounted to $68,233 per ton, picking up by 14% against the previous year. Overall, the export price showed a buoyant increase. The most prominent rate of growth was recorded in 2017 an increase of 187% against the previous year. The export price peaked in 2022 and is expected to retain growth in years to come.

There were significant differences in the average prices for the major external markets. In 2022, amid the top suppliers, the country with the highest price was Switzerland ($106,181 per ton), while the average price for exports to Bahrain ($2,880 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 Bahrain (+10.3%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Base Metal Flexible Tubing in Kuwait

After three years of growth, overseas purchases of base metal flexible tubing, iron or steel decreased by -30.2% to 165 tons in 2022. Overall, imports, however, continue to indicate a significant expansion. The growth pace was the most rapid in 2021 when imports increased by 114% against the previous year. As a result, imports attained the peak of 236 tons, and then declined significantly in the following year.

In value terms, base metal flexible tubing imports contracted notably to $1.1M in 2022. Over the period under review, imports, however, enjoyed prominent growth. The most prominent rate of growth was recorded in 2021 when imports increased by 128% against the previous year. As a result, imports reached the peak of $1.6M, and then contracted notably in the following year.

Import of Base Metal Flexible Tubing in Kuwait (Thousand USD)
COUNTRY	2019	2020	2021	2022	CAGR, 2019-2022
United States	147	42.4	195	253	19.8%
United Arab Emirates	54.3	91.8	381	233	62.5%
Turkey	216	222	498	130	-15.6%
China	47.8	6.9	35.1	114	33.6%
Germany	59.9	65.2	89.5	82.9	11.4%
United Kingdom	126	89.7	108	72.1	-17.0%
Italy	9.8	20.1	38.0	41.1	61.3%
India	6.8	45.2	77.1	29.9	63.8%
Spain	3.6	26.4	24.0	27.0	95.7%
Saudi Arabia	19.9	15.6	17.7	26.1	9.5%
Others	73.4	56.4	92.4	110	14.4%
Total	764	682	1,555	1,118	13.5%

Top Suppliers of Base Metal Flexible Tubing to Kuwait in 2022:

United Arab Emirates (68.5 tons)
Turkey (26.5 tons)
China (16.4 tons)
Germany (8.7 tons)
Saudi Arabia (7.5 tons)
Italy (7.0 tons)
India (6.9 tons)
United States (6.3 tons)
Spain (5.5 tons)
United Kingdom (2.1 tons)

Exports of Base Metal Flexible Tubing in Kuwait

In 2022, after three years of growth, there was significant decline in overseas shipments of base metal flexible tubing, iron or steel, when their volume decreased by -15.3% to 150 kg. In general, total exports indicated buoyant growth from 2019 to 2022: its volume increased at an average annual rate of +9.9% over the last three-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. The most prominent rate of growth was recorded in 2020 when exports increased by 39%.

In value terms, base metal flexible tubing exports declined modestly to $10K in 2022. Overall, total exports indicated significant growth from 2019 to 2022: its value increased at an average annual rate of +22.4% over the last three-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, exports increased by +83.3% against 2019 indices. The growth pace was the most rapid in 2020 when exports increased by 77%.

Export of Base Metal Flexible Tubing in Kuwait (Thousand USD)
COUNTRY	2019	2020	2021	2022	CAGR, 2019-2022
Switzerland	4.6	8.4	1.5	8.8	24.1%
United Arab Emirates	0.4	1.0	0.2	1.0	35.7%
Qatar	0.1	0.3	0.1	0.3	44.2%
Bahrain	0.1	0.1	N/A	0.1	0.0%
Egypt	N/A	N/A	8.9	N/A	0%
Others	0.4	N/A	N/A	N/A	0%
Total	5.6	9.9	10.6	10.2	22.1%

Top Export Markets for Base Metal Flexible Tubing from Kuwait in 2022:

Switzerland (83.0 kg)
United Arab Emirates (27.0 kg)
Bahrain (25.0 kg)
Qatar (15.0 kg)

Source: IndexBox Market Intelligence Platform

This report provides an in-depth analysis of the market for base metal flexible tubing 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 25992985 - Base metal flexible tubing excluding rubber tubing incorporating/fitted with external metallic reinforcements, f lexible tubing (form of machinery/vehicle parts), iron or steel

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