Price for Steel Alloy Wire of Materials Other than Silico-Manganese Steel in Kuwait - 2022
Contents:
- Price for Steel Alloy Wire of Materials Other than Silico-Manganese Steel in Kuwait (CIF) - 2022
- Price for Steel Alloy Wire of Materials Other than Silico-Manganese Steel in Kuwait (FOB) - 2022
- Imports of Steel Alloy Wire of Materials Other than Silico-Manganese Steel in Kuwait
- Exports of Steel Alloy Wire of Materials Other than Silico-Manganese Steel in Kuwait
Price for Steel Alloy Wire of Materials Other than Silico-Manganese Steel in Kuwait (CIF) - 2022
The average import price for steel alloy wire of materials other than silico-manganese steels stood at $2,153 per ton in 2022, which is down by -75.7% against the previous year. In general, the import price, however, posted a slight expansion. The most prominent rate of growth was recorded in 2021 an increase of 211%. As a result, import price attained the peak level of $8,842 per ton, and then dropped rapidly in the following year.
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 the Czech Republic ($1,654 per ton), while the price for Taiwan (Chinese) ($1,067 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Saudi Arabia (+3.2%), while the prices for the other major suppliers experienced more modest paces of growth.
Price for Steel Alloy Wire of Materials Other than Silico-Manganese Steel in Kuwait (FOB) - 2022
In 2022, the average export price for steel alloy wire of materials other than silico-manganese steels amounted to $157 per ton, remaining stable against the previous year. Overall, the export price continues to indicate a deep contraction. The most prominent rate of growth was recorded in 2021 a decrease of 99.9% against the previous year. Over the period under review, the average export prices attained the peak figure at $6,220 per ton in 2018; however, from 2019 to 2022, the export prices failed to regain momentum.
As there is only one major export destination, the average price level is determined by prices for India.
From 2013 to 2022, the rate of growth in terms of prices for India amounted to -16.6% per year.
Imports of Steel Alloy Wire of Materials Other than Silico-Manganese Steel in Kuwait
In 2022, supplies from abroad of steel alloy wire of materials other than silico-manganese steels increased by 18% to 153 tons for the first time since 2019, thus ending a two-year declining trend. Overall, imports, however, showed a abrupt downturn.
In value terms, imports of steel alloy wire of materials other than silico-manganese steels fell remarkably to $330K in 2022. In general, imports, however, continue to indicate a dramatic descent. The most prominent rate of growth was recorded in 2021 with an increase of 55%.
| Import of Steel Alloy Wire of Materials Other than Silico-Manganese Steel in Kuwait (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Vietnam | 33.1 | 38.0 | 162 | 66.3 | 26.1% |
| Taiwan (Chinese) | 89.3 | 94.0 | 115 | 26.4 | -33.4% |
| South Korea | 1,048 | 65.6 | 29.7 | 23.4 | -71.8% |
| Australia | 64.0 | 47.7 | 85.6 | 23.0 | -28.9% |
| Czech Republic | 18.4 | 17.7 | 41.0 | 19.4 | 1.8% |
| India | 121 | 84.6 | 210 | 15.3 | -49.8% |
| Turkey | 54.4 | 26.5 | 21.4 | 10.9 | -41.5% |
| United Kingdom | 0.8 | 1.4 | 5.7 | 8.9 | 123.2% |
| Saudi Arabia | 33.0 | 21.6 | 34.0 | 8.0 | -37.6% |
| Others | 95.0 | 341 | 442 | 128 | 10.4% |
| Total | 1,557 | 738 | 1,147 | 330 | -40.4% |
Top Suppliers of Steel Alloy Wire of Materials Other than Silico-Manganese Steel to Kuwait in 2022:
- Vietnam (50.1 tons)
- Taiwan (Chinese) (24.8 tons)
- South Korea (17.7 tons)
- Czech Republic (11.7 tons)
- India (11.6 tons)
- Turkey (8.2 tons)
- United Kingdom (6.7 tons)
- Saudi Arabia (5.7 tons)
- Australia (5.4 tons)
Exports of Steel Alloy Wire of Materials Other than Silico-Manganese Steel in Kuwait
Exports of steel alloy wire of materials other than silico-manganese steels from Kuwait totaled 40 tons in 2022, flattening at the previous year. In general, exports saw a precipitous shrinkage. The smallest decline of 99.9% was in 2021.
In value terms, exports of steel alloy wire of materials other than silico-manganese steels stood at $6.3K in 2022. Overall, exports showed a sharp decrease. The smallest decline of 99.9% was in 2021.
| Export of Steel Alloy Wire of Materials Other than Silico-Manganese Steel in Kuwait (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2020 | 2021 | 2022 | CAGR, 2020-2022 | |
| India | 11.7 | N/A | 6.0 | -28.4% | |
| Others | 0.8 | N/A | 0.3 | -38.8% | |
| Total | 12.6 | N/A | 6.3 | -29.3% | |
Top Export Markets for Steel Alloy Wire of Materials Other than Silico-Manganese Steel from Kuwait in 2022:
- India (40.0 tons)
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