Price for Steel, Stainless; (Excluding Cold-Drawn or Cold-Rolled), Tubes and Pipes of Circular Cross-Section in Kuwait - 2022
Contents:
- Price for Steel, Stainless; (Excluding Cold-Drawn or Cold-Rolled), Tubes and Pipes of Circular Cross-Section in Kuwait (FOB) - 2022
- Price for Steel, Stainless; (Excluding Cold-Drawn or Cold-Rolled), Tubes and Pipes of Circular Cross-Section in Kuwait (CIF) - 2022
- Exports of Steel, Stainless; (Excluding Cold-Drawn or Cold-Rolled), Tubes and Pipes of Circular Cross-Section in Kuwait
- Imports of Steel, Stainless; (Excluding Cold-Drawn or Cold-Rolled), Tubes and Pipes of Circular Cross-Section in Kuwait
Price for Steel, Stainless; (Excluding Cold-Drawn or Cold-Rolled), Tubes and Pipes of Circular Cross-Section in Kuwait (FOB) - 2022
In 2022, the average export price for steel, stainless; (excluding cold-drawn or cold-rolled), tubes and pipes of circular cross-sectia amounted to $6,870 per ton, growing by 90% against the previous year. Over the period under review, the export price recorded a resilient expansion. As a result, the export price attained the peak level and is likely to continue growth in the immediate term.
Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was India ($16,692 per ton), while the average price for exports to the United Arab Emirates ($651 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 India (+41.0%), while the prices for the other major destinations experienced a decline.
Price for Steel, Stainless; (Excluding Cold-Drawn or Cold-Rolled), Tubes and Pipes of Circular Cross-Section in Kuwait (CIF) - 2022
In 2022, the average import price for steel, stainless; (excluding cold-drawn or cold-rolled), tubes and pipes of circular cross-sectia amounted to $10,772 per ton, jumping by 37% against the previous year. Overall, the import price saw a relatively flat trend pattern. The pace of growth appeared the most rapid in 2018 when the average import price increased by 58%. The import price peaked at $11,193 per ton in 2016; however, from 2017 to 2022, import prices remained at a lower figure.
Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Italy ($26,209 per ton), while the price for Saudi Arabia ($1,953 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by South Korea (+13.7%), while the prices for the other major suppliers experienced more modest paces of growth.
Exports of Steel, Stainless; (Excluding Cold-Drawn or Cold-Rolled), Tubes and Pipes of Circular Cross-Section in Kuwait
After three years of growth, overseas shipments of steel, stainless; (excluding cold-drawn or cold-rolled), tubes and pipes of circular cross-sectia decreased by -52.5% to 1.6K tons in 2022. Overall, exports saw a abrupt decline. The pace of growth appeared the most rapid in 2020 with an increase of 12%.
In value terms, exports of steel, stainless; (excluding cold-drawn or cold-rolled), tubes and pipes of circular cross-sectia shrank to $11M in 2022. Over the period under review, total exports indicated a prominent expansion from 2019 to 2022: its value increased at an average annual rate of +19.5% 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 +70.4% against 2019 indices. The growth pace was the most rapid in 2020 with an increase of 46% against the previous year.
| Export of Steel, Stainless; (Excluding Cold-Drawn or Cold-Rolled), Tubes and Pipes of Circular Cross-Section in Kuwait (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| India | 2.4 | 4.8 | 8.5 | 10.2 | 62.0% |
| Pakistan | 2.0 | 2.2 | 2.1 | 0.6 | -33.1% |
| Iran | 0.8 | 1.6 | 0.7 | 0.2 | -37.0% |
| United Arab Emirates | 0.8 | 0.9 | 0.9 | 0.2 | -37.0% |
| Libya | 0.5 | N/A | N/A | N/A | 0% |
| Others | 0.1 | 0.2 | 0.2 | 0.1 | 0.0% |
| Total | 6.6 | 9.7 | 12.5 | 11.3 | 19.6% |
Top Export Markets for Steel, Stainless; (Excluding Cold-Drawn or Cold-Rolled), Tubes and Pipes of Circular Cross-Section from Kuwait in 2022:
- India (612.1 tons)
- Pakistan (507.1 tons)
- United Arab Emirates (275.5 tons)
- Iran (212.9 tons)
Imports of Steel, Stainless; (Excluding Cold-Drawn or Cold-Rolled), Tubes and Pipes of Circular Cross-Section in Kuwait
In 2022, after three years of growth, there was significant decline in purchases abroad of steel, stainless; (excluding cold-drawn or cold-rolled), tubes and pipes of circular cross-sectia, when their volume decreased by -29.7% to 853 tons. In general, imports, however, saw significant growth. The pace of growth appeared the most rapid in 2020 when imports increased by 491%.
In value terms, imports of steel, stainless; (excluding cold-drawn or cold-rolled), tubes and pipes of circular cross-sectia contracted to $9.2M in 2022. Overall, imports, however, posted a significant expansion. The most prominent rate of growth was recorded in 2020 when imports increased by 670% against the previous year.
| Import of Steel, Stainless; (Excluding Cold-Drawn or Cold-Rolled), Tubes and Pipes of Circular Cross-Section in Kuwait (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Spain | 205 | 4,398 | 7,649 | 8,263 | 242.9% |
| Angola | N/A | N/A | N/A | 159 | 0% |
| Saudi Arabia | 19.6 | 91.8 | 190 | 95.1 | 69.3% |
| Japan | 40.0 | 130 | 134 | 80.5 | 26.3% |
| South Korea | 59.9 | 94.0 | 23.7 | 61.4 | 0.8% |
| China | 41.0 | 75.8 | 370 | 43.0 | 1.6% |
| United Arab Emirates | 16.1 | 58.2 | 11.4 | 9.8 | -15.3% |
| Others | 375 | 975 | 1,177 | 481 | 8.7% |
| Total | 756 | 5,822 | 9,555 | 9,193 | 130.0% |
Top Suppliers of Steel, Stainless; (Excluding Cold-Drawn or Cold-Rolled), Tubes and Pipes of Circular Cross-Section to Kuwait in 2022:
- Spain (735.9 tons)
- Saudi Arabia (48.7 tons)
- Angola (14.2 tons)
- Japan (9.0 tons)
- China (5.5 tons)
- South Korea (3.0 tons)
- United Arab Emirates (2.8 tons)
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