Kuwait - Stainless Steel Seamless Pipe For Oil And Gas - Market Analysis, Forecast, Size, Trends And Insights
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View PricingPrice for Stainless Steel Seamless Pipe in Kuwait - 2021
Contents:
- Price for Stainless Steel Seamless Pipe in Kuwait (CIF) - 2022
- Price for Stainless Steel Seamless Pipe in Kuwait (FOB) - 2022
- Imports of Stainless Steel Seamless Pipe in Kuwait
- Exports of Stainless Steel Seamless Pipe in Kuwait
Price for Stainless Steel Seamless Pipe in Kuwait (CIF) - 2022
The average stainless steel seamless pipe import price stood at $4,523 per ton in 2022, dropping by -2.4% against the previous year. Overall, the import price, however, recorded a relatively flat trend pattern. The most prominent rate of growth was recorded in 2016 when the average import price increased by 25% against the previous year. As a result, import price reached the peak level of $6,118 per ton. From 2017 to 2022, the average import prices remained 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 China ($4,972 per ton), while the price for the United Arab Emirates ($2,207 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by France (+2.7%), while the prices for the other major suppliers experienced more modest paces of growth.
Price for Stainless Steel Seamless Pipe in Kuwait (FOB) - 2022
In 2022, the average stainless steel seamless pipe export price amounted to $328 per ton, declining by -3.1% against the previous year. In general, the export price faced a abrupt downturn. The pace of growth was the most pronounced in 2017 when the average export price increased by 67%. The export price peaked at $2,113 per ton in 2013; however, from 2014 to 2022, the export prices remained at a lower figure.
Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Bahrain ($554 per ton), while the average price for exports to Pakistan ($77 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 (-15.3%), while the prices for the other major destinations experienced a decline.
Imports of Stainless Steel Seamless Pipe in Kuwait
In 2022, approx. 2K tons of stainless steel seamless pipe for oil and gas were imported into Kuwait; shrinking by -42.6% against 2021 figures. Overall, imports, however, posted buoyant growth. The pace of growth was the most pronounced in 2021 when imports increased by 638% against the previous year. As a result, imports attained the peak of 3.4K tons, and then fell remarkably in the following year.
In value terms, stainless steel seamless pipe imports contracted sharply to $8.9M in 2022. In general, imports, however, showed a strong expansion. The most prominent rate of growth was recorded in 2021 when imports increased by 728%. As a result, imports reached the peak of $16M, and then contracted sharply in the following year.
| Import of Stainless Steel Seamless Pipe in Kuwait (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Singapore | 257 | 199 | 3,184 | 1,828 | 92.3% |
| Japan | 102 | 176 | 2,624 | 1,262 | 131.3% |
| India | 272 | 195 | 4,390 | 778 | 42.0% |
| United Arab Emirates | 806 | 342 | 208 | 747 | -2.5% |
| China | 4,298 | 386 | 664 | 626 | -47.4% |
| South Korea | 317 | 79.8 | 1,179 | 621 | 25.1% |
| Finland | 44.1 | 83.0 | 1,109 | 533 | 129.5% |
| Taiwan (Chinese) | N/A | N/A | N/A | 514 | 0% |
| United States | 340 | 118 | 201 | 502 | 13.9% |
| Spain | 237 | 24.6 | 425 | 446 | 23.5% |
| Italy | 361 | 90.9 | 183 | 125 | -29.8% |
| Saudi Arabia | 29.3 | 16.0 | 197 | 87.4 | 44.0% |
| Others | 153 | 213 | 1,556 | 852 | 77.2% |
| Total | 7,218 | 1,924 | 15,919 | 8,921 | 7.3% |
Top Suppliers of Stainless Steel Seamless Pipe to Kuwait in 2022:
- Singapore (484.1 tons)
- United Arab Emirates (338.3 tons)
- Japan (281.8 tons)
- India (164.3 tons)
- Taiwan (Chinese) (128.6 tons)
- China (125.9 tons)
- Finland (118.3 tons)
- Spain (85.9 tons)
- United States (60.5 tons)
- Italy (48.5 tons)
- Saudi Arabia (39.8 tons)
- South Korea (37.5 tons)
Exports of Stainless Steel Seamless Pipe in Kuwait
In 2022, shipments abroad of stainless steel seamless pipe for oil and gas decreased by -11% to 2.2K tons for the first time since 2018, thus ending a three-year rising trend. In general, total exports indicated a buoyant expansion from 2019 to 2022: its volume increased at an average annual rate of +12.5% over the last three years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, exports increased by +42.4% against 2019 indices. The growth pace was the most rapid in 2021 with an increase of 47% against the previous year. As a result, the exports reached the peak of 2.5K tons, and then shrank in the following year.
In value terms, stainless steel seamless pipe exports fell to $716K in 2022. The total export value increased at an average annual rate of +4.3% over the period from 2019 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The pace of growth was the most pronounced in 2021 with an increase of 38% against the previous year. As a result, the exports attained the peak of $831K, and then reduced in the following year.
| Export of Stainless Steel Seamless Pipe in Kuwait (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Qatar | 170 | 278 | 371 | 511 | 44.3% |
| Saudi Arabia | 280 | 253 | 186 | 92.9 | -30.8% |
| Bahrain | 98.9 | 10.4 | 133 | 79.2 | -7.1% |
| Pakistan | 53.4 | 38.2 | 16.7 | 19.8 | -28.2% |
| India | 21.5 | 18.5 | 12.9 | 6.1 | -34.3% |
| Oman | N/A | N/A | 99.3 | N/A | 0% |
| Others | 7.1 | 4.5 | 11.4 | 6.8 | -1.4% |
| Total | 631 | 602 | 831 | 716 | 4.3% |
Top Export Markets for Stainless Steel Seamless Pipe from Kuwait in 2022:
- Qatar (1057.5 tons)
- Saudi Arabia (656.9 tons)
- Pakistan (256.1 tons)
- Bahrain (142.9 tons)
- India (56.0 tons)
This report provides an in-depth analysis of the market for stainless steel seamless pipe 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 24201110 - Line pipe, of a kind used for oil or gas pipelines, seamless, of stainless 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.
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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
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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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