Price for Railway or Tramway Track Constructions of Iron or Steel in Kuwait - 2022

Contents:

1. Price for Railway or Tramway Track Constructions of Iron or Steel in Kuwait (CIF) - 2022
2. Price for Railway or Tramway Track Constructions of Iron or Steel in Kuwait (FOB) - 2022
3. Imports of Railway or Tramway Track Constructions of Iron or Steel in Kuwait
4. Exports of Railway or Tramway Track Constructions of Iron or Steel in Kuwait

Price for Railway or Tramway Track Constructions of Iron or Steel in Kuwait (CIF) - 2022

In 2022, the average import price for railway or tramway track constructions of iron or steel amounted to $2,134 per ton, with an increase of 29% against the previous year. Overall, import price indicated strong growth from 2012 to 2022: its price increased at an average annual rate of +6.2% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, import price for railway or tramway track constructions of iron or steel increased by +48.9% against 2018 indices. The most prominent rate of growth was recorded in 2013 an increase of 72%. Over the period under review, average import prices reached the peak figure at $2,427 per ton in 2015; however, from 2016 to 2022, import prices stood at a somewhat lower figure.

There were significant differences in the average prices amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was Italy ($5,901 per ton), while the price for Oman ($793 per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Ukraine (+21.8%), while the prices for the other major suppliers experienced more modest paces of growth.

Price for Railway or Tramway Track Constructions of Iron or Steel in Kuwait (FOB) - 2022

In 2022, the average export price for railway or tramway track constructions of iron or steel amounted to $915 per ton, growing by 2.1% against the previous year. Overall, the export price, however, showed a abrupt contraction. The pace of growth appeared the most rapid in 2021 when the average export price increased by 84% against the previous year. Over the period under review, the average export prices hit record highs at $1,733 per ton in 2014; however, from 2015 to 2022, the export prices failed to regain momentum.

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 the United Arab Emirates ($5,903 per ton), while the average price for exports to Pakistan ($590 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 Saudi Arabia (+1.3%), while the prices for the other major destinations experienced a decline.

Imports of Railway or Tramway Track Constructions of Iron or Steel in Kuwait

For the third consecutive year, Kuwait recorded decline in overseas purchases of railway or tramway track constructions of iron or steel, which decreased by -17.4% to 723 tons in 2022. Overall, imports recorded a sharp contraction.

In value terms, imports of railway or tramway track constructions of iron or steel expanded remarkably to $1.5M in 2022. In general, imports faced a dramatic setback.

Top Suppliers of Railway or Tramway Track Constructions of Iron or Steel to Kuwait in 2022:

1. United Arab Emirates (206.8 tons)
2. China (184.1 tons)
3. Saudi Arabia (69.4 tons)
4. United Kingdom (37.0 tons)
5. Turkey (24.7 tons)
6. Oman (19.6 tons)
7. Ukraine (19.2 tons)
8. Egypt (14.0 tons)
9. India (3.7 tons)

Exports of Railway or Tramway Track Constructions of Iron or Steel in Kuwait

In 2022, after two years of decline, there was significant growth in overseas shipments of railway or tramway track constructions of iron or steel, when their volume increased by 85% to 96 tons. Over the period under review, exports, however, faced a sharp slump.

In value terms, exports of railway or tramway track constructions of iron or steel soared to $88K in 2022. Overall, exports, however, recorded a abrupt descent.

Top Export Markets for Railway or Tramway Track Constructions of Iron or Steel from Kuwait in 2022:

1. Pakistan (79.0 tons)
2. India (13.5 tons)
3. United Arab Emirates (2.2 tons)

Source: IndexBox Market Intelligence Platform