Price for Steel, Stainless; Ingots and Other Primary Forms in Kuwait - 2022
Contents:
- Price for Steel, Stainless; Ingots and Other Primary Forms in Kuwait (CIF) - 2022
- Price for Steel, Stainless; Ingots and Other Primary Forms in Kuwait (FOB) - 2022
- Imports of Steel, Stainless; Ingots and Other Primary Forms in Kuwait
- Exports of Steel, Stainless; Ingots and Other Primary Forms in Kuwait
Price for Steel, Stainless; Ingots and Other Primary Forms in Kuwait (CIF) - 2022
The average import price for steel, stainless; ingots and other primary formses stood at $4,904 per ton in 2022, surging by 504% against the previous year. Over the period under review, the import price, however, showed a abrupt shrinkage. The pace of growth was the most pronounced in 2019 an increase of 1,361%. The import price peaked at $16,675 per ton in 2013; however, from 2014 to 2022, import prices remained at a lower figure.
Average prices varied noticeably amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was the United Arab Emirates ($4,904 per ton), while the price for Italy amounted to $4,903 per ton.
From 2013 to 2022, the most notable rate of growth in terms of prices was attained by Saudi Arabia (+46.9%), while the prices for the other major suppliers experienced mixed trend patterns.
Price for Steel, Stainless; Ingots and Other Primary Forms in Kuwait (FOB) - 2022
In 2022, the average export price for steel, stainless; ingots and other primary formses amounted to $3,724 per ton, remaining constant against the previous year. Overall, the export price enjoyed a significant increase. The most prominent rate of growth was recorded in 2021 when the average export price decreased by 99.9% against the previous year. Over the period under review, the average export prices hit record highs in 2022 and is likely to see gradual growth in the near future.
As there is only one major export destination, the average price level is determined by prices for the United Arab Emirates.
From 2020 to 2022, the rate of growth in terms of prices for the United Arab Emirates amounted to 0.0% per year.
Imports of Steel, Stainless; Ingots and Other Primary Forms in Kuwait
After three years of growth, overseas purchases of steel, stainless; ingots and other primary formses decreased by -65.4% to 18 tons in 2022. Over the period under review, imports, however, enjoyed a significant expansion. The most prominent rate of growth was recorded in 2021 with an increase of 631% against the previous year. As a result, imports reached the peak of 51 tons, and then dropped notably in the following year.
In value terms, imports of steel, stainless; ingots and other primary formses soared to $87K in 2022. In general, imports, however, continue to indicate significant growth. As a result, imports attained the peak and are likely to continue growth in the immediate term.
| Import of Steel, Stainless; Ingots and Other Primary Forms in Kuwait (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| United Arab Emirates | 0.2 | 9.3 | 1.0 | 80.1 | 637.1% |
| Italy | 27.8 | 9.5 | 1.5 | 6.8 | -37.5% |
| China | 2.5 | 3.5 | 0.1 | N/A | -80.0% |
| Saudi Arabia | N/A | N/A | 15.7 | N/A | 0% |
| Others | 10.9 | 10.1 | 23.3 | N/A | 46.2% |
| Total | 41.4 | 32.4 | 41.5 | 86.9 | 28.0% |
Top Suppliers of Steel, Stainless; Ingots and Other Primary Forms to Kuwait in 2022:
- United Arab Emirates (16.3 tons)
- Italy (1.4 tons)
Exports of Steel, Stainless; Ingots and Other Primary Forms in Kuwait
In 2022, the amount of steel, stainless; ingots and other primary formses exported from Kuwait was estimated at 1.5 tons, approximately mirroring the year before. In general, exports saw a dramatic setback. The smallest decline of 99.9% was in 2021.
In value terms, exports of steel, stainless; ingots and other primary formses stood at $5.7K in 2022. Overall, exports continue to indicate a precipitous setback. The smallest decline of 99.9% was in 2021.
| Export of Steel, Stainless; Ingots and Other Primary Forms in Kuwait (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2020 | 2021 | 2022 | CAGR, 2020-2022 | |
| United Arab Emirates | N/A | N/A | 5.7 | 0% | |
| Japan | 64.7 | N/A | N/A | 0% | |
| Others | N/A | N/A | N/A | 0% | |
| Total | 64.7 | N/A | 5.7 | -70.3% | |
Top Export Markets for Steel, Stainless; Ingots and Other Primary Forms from Kuwait in 2022:
- United Arab Emirates (1.5 tons)
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