Price for Steel, Alloy; Bars and Rods, Hot-Rolled, in Irregularly Wound Coils in Kuwait - 2022
Contents:
- Price for Steel, Alloy; Bars and Rods, Hot-Rolled, in Irregularly Wound Coils in Kuwait (CIF) - 2022
- Price for Steel, Alloy; Bars and Rods, Hot-Rolled, in Irregularly Wound Coils in Kuwait (FOB) - 2022
- Imports of Steel, Alloy; Bars and Rods, Hot-Rolled, in Irregularly Wound Coils in Kuwait
- Exports of Steel, Alloy; Bars and Rods, Hot-Rolled, in Irregularly Wound Coils in Kuwait
Price for Steel, Alloy; Bars and Rods, Hot-Rolled, in Irregularly Wound Coils in Kuwait (CIF) - 2022
The average import price for steel, alloy; bars and rods, hot-rolled, in irregularly wound coilses stood at $777 per ton in 2022, picking up by 3.9% against the previous year. Over the period under review, the import price, however, continues to indicate a pronounced contraction. Over the period under review, average import prices reached the maximum at $1,036 per ton in 2012; however, from 2013 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 China ($4,650 per ton), while the price for the United Arab Emirates ($573 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by China (+6.4%), while the prices for the other major suppliers experienced more modest paces of growth.
Price for Steel, Alloy; Bars and Rods, Hot-Rolled, in Irregularly Wound Coils in Kuwait (FOB) - 2022
The average export price for steel, alloy; bars and rods, hot-rolled, in irregularly wound coilses stood at $220 per ton in 2022, declining by -3.8% against the previous year. Over the period under review, the export price continues to indicate a abrupt descent. The pace of growth appeared the most rapid in 2021 an increase of 16% against the previous year. Over the period under review, the average export prices hit record highs at $1,089 per ton in 2012; however, from 2013 to 2022, the export prices failed to regain momentum.
Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was the United Arab Emirates ($291 per ton), while the average price for exports to Pakistan stood at $154 per ton.
From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to the United Arab Emirates (-12.0%).
Imports of Steel, Alloy; Bars and Rods, Hot-Rolled, in Irregularly Wound Coils in Kuwait
In 2022, overseas purchases of steel, alloy; bars and rods, hot-rolled, in irregularly wound coilses decreased by -13.8% to 855 tons for the first time since 2018, thus ending a three-year rising trend. In general, total imports indicated a buoyant increase from 2019 to 2022: its volume increased at an average annual rate of +18.1% over the last three-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +64.7% against 2019 indices. The pace of growth was the most pronounced in 2021 with an increase of 38% against the previous year. As a result, imports reached the peak of 992 tons, and then contracted in the following year.
In value terms, imports of steel, alloy; bars and rods, hot-rolled, in irregularly wound coilses shrank to $664K in 2022. Over the period under review, total imports indicated a remarkable increase from 2019 to 2022: its value increased at an average annual rate of +12.7% over the last three-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +43.2% against 2019 indices. The pace of growth appeared the most rapid in 2021 with an increase of 26% against the previous year. As a result, imports attained the peak of $742K, and then fell in the following year.
| Import of Steel, Alloy; Bars and Rods, Hot-Rolled, in Irregularly Wound Coils in Kuwait (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Iran | 179 | 63.0 | 472 | 412 | 32.0% |
| Saudi Arabia | 148 | 21.0 | 157 | 137 | -2.5% |
| United Arab Emirates | 84.3 | 14.2 | 23.0 | 42.9 | -20.2% |
| India | 18.3 | 4.3 | 29.7 | 23.7 | 9.0% |
| United States | 1.2 | 0.4 | 15.8 | 11.5 | 112.4% |
| Qatar | 6.6 | 1.4 | 11.8 | 8.6 | 9.2% |
| Bahrain | N/A | 479 | N/A | N/A | 0% |
| Others | 26.5 | 3.2 | 32.1 | 28.8 | 2.8% |
| Total | 464 | 587 | 742 | 664 | 12.7% |
Top Suppliers of Steel, Alloy; Bars and Rods, Hot-Rolled, in Irregularly Wound Coils to Kuwait in 2022:
- Iran (556.5 tons)
- Saudi Arabia (149.1 tons)
- United Arab Emirates (74.8 tons)
- India (25.1 tons)
- United States (16.0 tons)
- Qatar (14.0 tons)
Exports of Steel, Alloy; Bars and Rods, Hot-Rolled, in Irregularly Wound Coils in Kuwait
In 2022, exports of steel, alloy; bars and rods, hot-rolled, in irregularly wound coilses from Kuwait fell markedly to 91 tons, with a decrease of -31.2% against the previous year. In general, exports continue to indicate a sharp reduction. The pace of growth was the most pronounced in 2021 with an increase of 165%.
In value terms, exports of steel, alloy; bars and rods, hot-rolled, in irregularly wound coilses declined rapidly to $20K in 2022. Over the period under review, exports recorded a dramatic descent. The most prominent rate of growth was recorded in 2021 when exports increased by 209% against the previous year.
| Export of Steel, Alloy; Bars and Rods, Hot-Rolled, in Irregularly Wound Coils in Kuwait (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| United Arab Emirates | 23.1 | 7.2 | 20.6 | 12.5 | -18.5% |
| Pakistan | 21.1 | 2.5 | 9.4 | 7.4 | -29.5% |
| Others | 1.0 | 0.1 | 0.3 | 0.2 | -41.5% |
| Total | 45.1 | 9.8 | 30.3 | 20.1 | -23.6% |
Top Export Markets for Steel, Alloy; Bars and Rods, Hot-Rolled, in Irregularly Wound Coils from Kuwait in 2022:
- Pakistan (47.9 tons)
- United Arab Emirates (42.9 tons)
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