Kuwait - Iron or Steel Wire Products - Market Analysis, Forecast, Size, Trends And Insights
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View PricingPrice for Iron or Steel Wire Product in Kuwait - 2021
Contents:
- Price for Iron or Steel Wire Product in Kuwait (CIF) - 2021
- Price for Iron or Steel Wire Product in Kuwait (FOB) - 2022
- Imports of Iron or Steel Wire Product in Kuwait
- Exports of Iron or Steel Wire Product in Kuwait
Price for Iron or Steel Wire Product in Kuwait (CIF) - 2021
The average import price for iron or steel wire products stood at $1,790 per ton in December 2021, reducing by -18.1% against the previous month. Over the period under review, the import price recorded a abrupt slump. The pace of growth appeared the most rapid in September 2021 an increase of 89% month-to-month. Over the period under review, average import prices reached the peak figure at $6,691 per ton in April 2021; however, from May 2021 to December 2021, import prices stood at a somewhat lower figure.
There were significant differences in the average prices amongst the major supplying countries. In December 2021, the country with the highest price was Australia ($7,173 per ton), while the price for China ($950 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 Turkey (+17.4%), while the prices for the other major suppliers experienced more modest paces of growth.
Price for Iron or Steel Wire Product in Kuwait (FOB) - 2022
In 2022, the average export price for iron or steel wire products amounted to $2,173 per ton, falling by -12.4% against the previous year. In general, the export price, however, posted a measured expansion. The pace of growth appeared the most rapid in 2019 an increase of 81%. As a result, the export price attained the peak level of $2,844 per ton. From 2020 to 2022, the average export prices failed to regain momentum.
There were significant differences in the average prices for the major overseas markets. In 2022, amid the top suppliers, the country with the highest price was the United Arab Emirates ($7,509 per ton), while the average price for exports to India ($332 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 the United Arab Emirates (+2.3%), while the prices for the other major destinations experienced mixed trend patterns.
Imports of Iron or Steel Wire Product in Kuwait
In 2022, imports of iron or steel wire products into Kuwait contracted to 2K tons, reducing by -9.9% on the previous year's figure. Overall, imports faced a abrupt slump. The pace of growth was the most pronounced in 2021 with an increase of 24%.
In value terms, iron or steel wire product imports fell to $6.8M in 2022. In general, imports recorded a perceptible downturn. The growth pace was the most rapid in 2021 with an increase of 20% against the previous year.
| Import of Iron or Steel Wire Product in Kuwait (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| China | 4.1 | 3.9 | 4.4 | 4.8 | 5.4% |
| Saudi Arabia | 1.1 | 0.5 | 0.7 | 0.5 | -23.1% |
| United Arab Emirates | 0.3 | 0.1 | N/A | 0.5 | 18.6% |
| Turkey | 0.2 | 0.2 | 0.1 | N/A | -29.3% |
| Others | 2.0 | 1.5 | 2.1 | 1.0 | -20.6% |
| Total | 7.7 | 6.2 | 7.4 | 6.8 | -4.1% |
Top Suppliers of Iron or Steel Wire Product to Kuwait in 2022:
- China (1382.9 tons)
- United Arab Emirates (232.8 tons)
- Saudi Arabia (223.4 tons)
- Turkey (9.4 tons)
Exports of Iron or Steel Wire Product in Kuwait
In 2022, the amount of iron or steel wire products exported from Kuwait dropped sharply to 27 tons, which is down by -30.3% on the previous year's figure. Over the period under review, exports faced a sharp curtailment. The growth pace was the most rapid in 2021 when exports increased by 152%.
In value terms, iron or steel wire product exports declined sharply to $60K in 2022. In general, exports saw a dramatic descent. The most prominent rate of growth was recorded in 2021 when exports increased by 351%.
| Export of Iron or Steel Wire Product in Kuwait (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| United Arab Emirates | 82.2 | 3.2 | 59.9 | 27.6 | -30.5% |
| Oman | N/A | N/A | N/A | 8.2 | 0% |
| Italy | 34.0 | 5.8 | 8.3 | 7.6 | -39.3% |
| Saudi Arabia | 29.1 | 0.1 | 5.9 | 5.2 | -43.7% |
| Qatar | 2.9 | 0.8 | 7.0 | 3.3 | 4.4% |
| India | 7.9 | 0.9 | 6.9 | 3.2 | -26.0% |
| Iraq | 1.3 | 0.7 | 2.3 | 1.1 | -5.4% |
| Pakistan | N/A | 8.3 | N/A | N/A | 0% |
| Others | 6.4 | 1.8 | 7.2 | 3.4 | -19.0% |
| Total | 164 | 21.6 | 97.5 | 59.6 | -28.6% |
Top Export Markets for Iron or Steel Wire Product from Kuwait in 2022:
- India (9.6 tons)
- Saudi Arabia (4.8 tons)
- Oman (4.5 tons)
- United Arab Emirates (3.7 tons)
- Iraq (2.0 tons)
- Qatar (1.7 tons)
- Italy (0.3 tons)
This report provides an in-depth analysis of the market for iron or steel wire product 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 25992925 - Finished products of iron/steel wire, snares, traps, etc., fodder ties, animal nose rings, mattress hooks, butchers
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.
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1. INTRODUCTION
Making Data-Driven Decisions to Grow Your Business
- REPORT DESCRIPTION
- RESEARCH METHODOLOGY AND AI PLATFORM
- DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
- GLOSSARY AND SPECIFIC TERMS
-
2. EXECUTIVE SUMMARY
A Quick Overview of Market Performance
- KEY FINDINGS
- MARKET TRENDS This Chapter is Available Only for the Professional Edition PRO
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3. MARKET OVERVIEW
Understanding the Current State of The Market and Its Prospects
- MARKET SIZE
- MARKET STRUCTURE
- TRADE BALANCE
- PER CAPITA CONSUMPTION
- MARKET FORECAST TO 2030
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4. MOST PROMISING PRODUCT
Finding New Products to Diversify Your Business
This Chapter is Available Only for the Professional Edition PRO- TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
- BEST-SELLING PRODUCTS
- MOST CONSUMED PRODUCT
- MOST TRADED PRODUCT
- MOST PROFITABLE PRODUCT FOR EXPORT
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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- TOP COUNTRIES TO SOURCE YOUR PRODUCT
- TOP PRODUCING COUNTRIES
- TOP EXPORTING COUNTRIES
- LOW-COST EXPORTING COUNTRIES
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6. MOST PROMISING OVERSEAS MARKETS
Choosing the Best Countries to Boost Your Exports
This Chapter is Available Only for the Professional Edition PRO- TOP OVERSEAS MARKETS FOR EXPORTING YOUR PRODUCT
- TOP CONSUMING MARKETS
- UNSATURATED MARKETS
- TOP IMPORTING MARKETS
- MOST PROFITABLE MARKETS
7. PRODUCTION
The Latest Trends and Insights into The Industry
- PRODUCTION VOLUME AND VALUE
8. IMPORTS
The Largest Import Supplying Countries
- IMPORTS FROM 2012–2023
- IMPORTS BY COUNTRY
- IMPORT PRICES BY COUNTRY
9. EXPORTS
The Largest Destinations for Exports
- EXPORTS FROM 2012–2023
- EXPORTS BY COUNTRY
- EXPORT PRICES BY COUNTRY
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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
- Key Findings In 2023
- Market Volume, In Physical Terms, 2012–2023
- Market Value, 2012–2023
- Per Capita Consumption In 2012-2023
- Imports, In Physical Terms, By Country, 2012–2023
- Imports, In Value Terms, By Country, 2012–2023
- Import Prices, By Country Of Origin, 2012–2023
- Exports, In Physical Terms, By Country, 2012–2023
- Exports, In Value Terms, By Country, 2012–2023
- Export Prices, By Country Of Destination, 2012–2023
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LIST OF FIGURES
- Market Volume, In Physical Terms, 2012–2023
- Market Value, 2012–2023
- Market Structure – Domestic Supply vs. Imports, In Physical Terms, 2012-2023
- Market Structure – Domestic Supply vs. Imports, In Value Terms, 2012-2023
- Trade Balance, In Physical Terms, 2012-2023
- Trade Balance, In Value Terms, 2012-2023
- Per Capita Consumption, 2012-2023
- Market Volume Forecast to 2030
- Market Value Forecast to 2030
- Products: Market Size And Growth, By Type
- Products: Average Per Capita Consumption, By Type
- Products: Exports And Growth, By Type
- Products: Export Prices And Growth, By Type
- Production Volume And Growth
- Exports And Growth
- Export Prices And Growth
- Market Size And Growth
- Per Capita Consumption
- Imports And Growth
- Import Prices
- Production, In Physical Terms, 2012–2023
- Production, In Value Terms, 2012–2023
- Imports, In Physical Terms, 2012–2023
- Imports, In Value Terms, 2012–2023
- Imports, In Physical Terms, By Country, 2023
- Imports, In Physical Terms, By Country, 2012–2023
- Imports, In Value Terms, By Country, 2012–2023
- Import Prices, By Country Of Origin, 2012–2023
- Exports, In Physical Terms, 2012–2023
- Exports, In Value Terms, 2012–2023
- Exports, In Physical Terms, By Country, 2023
- Exports, In Physical Terms, By Country, 2012–2023
- Exports, In Value Terms, By Country, 2012–2023
- Export Prices, By Country Of Destination, 2012–2023
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