Price for Wire of Other Alloy Steel in Kuwait - 2022
Contents:
- Price for Wire of Other Alloy Steel in Kuwait (CIF) - 2022
- Price for Wire of Other Alloy Steel in Kuwait (FOB) - 2022
- Imports of Wire of Other Alloy Steel in Kuwait
- Exports of Wire of Other Alloy Steel in Kuwait
Price for Wire of Other Alloy Steel in Kuwait (CIF) - 2022
In 2022, the average import price for wire of other alloy steels amounted to $2,233 per ton, growing by 28% against the previous year. In general, import price indicated tangible growth from 2013 to 2022: its price increased at an average annual rate of +2.3% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, wire of other alloy steel import price decreased by -12.7% against 2020 indices. The pace of growth was the most pronounced in 2019 an increase of 35%. Over the period under review, average import prices attained the maximum at $2,559 per ton in 2020; however, from 2021 to 2022, import prices failed to regain momentum.
Average prices varied noticeably amongst the major supplying countries. In 2022, amid the top importers, the countries with the highest prices were Taiwan (Chinese) ($2,154 per ton) and Vietnam ($2,153 per ton), while the price for China ($1,812 per ton) and South Korea ($2,153 per ton) were amongst the lowest.
From 2013 to 2022, the most notable rate of growth in terms of prices was attained by Vietnam (+10.1%), while the prices for the other major suppliers experienced more modest paces of growth.
Price for Wire of Other Alloy Steel in Kuwait (FOB) - 2022
In 2022, the average export price for wire of other alloy steels amounted to $350 per ton, with a decrease of -26.3% against the previous year. In general, the export price saw a abrupt contraction. The pace of growth was the most pronounced in 2014 when the average export price increased by 104% against the previous year. As a result, the export price reached the peak level of $1,351 per ton. From 2015 to 2022, the average export prices remained at a somewhat lower figure.
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 Pakistan amounted to -6.2% per year.
Imports of Wire of Other Alloy Steel in Kuwait
After two years of decline, overseas purchases of wire of other alloy steels increased by 3.8% to 178 tons in 2022. In general, imports, however, continue to indicate a precipitous contraction.
In value terms, wire of other alloy steel imports skyrocketed to $396K in 2022. Over the period under review, imports, however, saw a sharp setback.
| Import of Wire of Other Alloy Steel in Kuwait (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Vietnam | 24.2 | 18.4 | 11.7 | 172 | 92.3% |
| China | 50.8 | 12.7 | 2.6 | 66.4 | 9.3% |
| South Korea | 767 | 35.0 | 2.1 | 60.8 | -57.0% |
| India | 115 | 46.1 | 15.1 | 39.6 | -29.9% |
| Turkey | 117 | 22.0 | 4.2 | 28.2 | -37.8% |
| Taiwan (Chinese) | 65.4 | 45.4 | 8.3 | 0.7 | -78.0% |
| Malaysia | 699 | 376 | 110 | N/A | -60.3% |
| Australia | 232 | 99.2 | 23.0 | N/A | -68.5% |
| Others | 404 | 339 | 121 | 28.7 | -58.6% |
| Total | 2,475 | 993 | 298 | 396 | -45.7% |
Top Suppliers of Wire of Other Alloy Steel to Kuwait in 2022:
- Vietnam (79.9 tons)
- China (36.7 tons)
- South Korea (28.2 tons)
- India (18.4 tons)
- Turkey (13.1 tons)
- Taiwan (Chinese) (0.3 tons)
Exports of Wire of Other Alloy Steel in Kuwait
After three years of growth, shipments abroad of wire of other alloy steels decreased by -17.7% to 102 tons in 2022. Over the period under review, exports, however, continue to indicate a significant increase. The pace of growth appeared the most rapid in 2020 when exports increased by 21,719%.
In value terms, wire of other alloy steel exports contracted sharply to $36K in 2022. In general, exports, however, showed a significant expansion. The most prominent rate of growth was recorded in 2020 when exports increased by 12,214%.
| Export of Wire of Other Alloy Steel in Kuwait (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| India | 0.1 | 11.7 | 23.5 | 34.0 | 598.0% |
| Oman | N/A | N/A | 17.4 | N/A | 0% |
| Pakistan | N/A | N/A | 15.7 | N/A | 0% |
| Others | N/A | 0.9 | 2.3 | 1.7 | 37.4% |
| Total | 0.1 | 12.6 | 58.9 | 35.7 | 609.4% |
Top Export Markets for Wire of Other Alloy Steel from Kuwait in 2022:
- India (101.8 tons)
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