Kuwait: Iron Angle Market 2022

Iron Angle Market Size in Kuwait

The Kuwaiti iron angle market skyrocketed to $X in 2021, with an increase of X% against the previous year. This figure reflects the total revenues of producers and importers (excluding logistics costs, retail marketing costs, and retailers' margins, which will be included in the final consumer price). Over the period under review, consumption saw a relatively flat trend pattern. Over the period under review, the market hit record highs at $X in 2019; however, from 2020 to 2021, consumption remained at a lower figure.

Iron Angle Exports

Exports from Kuwait

In 2021, the amount of angles, shapes and sections (of iron or non-alloy steel) exported from Kuwait soared to X tons, growing by X% compared with the previous year. Overall, exports posted a prominent expansion. The pace of growth appeared the most rapid in 2017 when exports increased by X% against the previous year. Over the period under review, the exports hit record highs at X tons in 2019; however, from 2020 to 2021, the exports stood at a somewhat lower figure.

In value terms, iron angle exports soared to $X in 2021. Over the period under review, exports saw a temperate expansion. The growth pace was the most rapid in 2017 when exports increased by X%. The exports peaked at $X in 2019; however, from 2020 to 2021, the exports failed to regain momentum.

Exports by Country

Qatar (X tons) was the main destination for iron angle exports from Kuwait, accounting for a X% share of total exports. Moreover, iron angle exports to Qatar exceeded the volume sent to the second major destination, Saudi Arabia (X tons), threefold. Bahrain (X tons) ranked third in terms of total exports with a X% share.

From 2012 to 2021, the average annual rate of growth in terms of volume to Qatar amounted to +X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Saudi Arabia (-X% per year) and Bahrain (+X% per year).

In value terms, Saudi Arabia ($X), Qatar ($X) and the United Arab Emirates ($X) were the largest markets for iron angle exported from Kuwait worldwide, together accounting for X% of total exports.

Among the main countries of destination, Qatar, with a CAGR of +X%, recorded the highest rates of growth with regard to the value of exports, over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

In 2021, the average iron angle export price amounted to $X per ton, reducing by -X% against the previous year. In general, the export price showed a abrupt contraction. The most prominent rate of growth was recorded in 2018 when the average export price increased by X%. Over the period under review, the average export prices attained the maximum at $X per ton in 2012; however, from 2013 to 2021, the export prices stood at a somewhat lower figure.

Prices varied noticeably by the country of destination: the country with the highest price was the United Arab Emirates ($X per ton), while the average price for exports to Qatar ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was recorded for supplies to the United Arab Emirates (+X%), while the prices for the other major destinations experienced mixed trend patterns.

Iron Angle Imports

Imports into Kuwait

In 2021, approx. X tons of angles, shapes and sections (of iron or non-alloy steel) were imported into Kuwait; increasing by X% against the previous year's figure. Over the period under review, total imports indicated a mild increase from 2012 to 2021: its volume increased at an average annual rate of +X% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, imports decreased by -X% against 2019 indices. The most prominent rate of growth was recorded in 2017 when imports increased by X% against the previous year. Imports peaked at X tons in 2019; however, from 2020 to 2021, imports stood at a somewhat lower figure.

In value terms, iron angle imports soared to $X in 2021. Overall, imports recorded a relatively flat trend pattern. The most prominent rate of growth was recorded in 2017 when imports increased by X%. Over the period under review, imports hit record highs at $X in 2018; however, from 2019 to 2021, imports stood at a somewhat lower figure.

Imports by Country

The United Arab Emirates (X tons), Turkey (X tons) and Oman (X tons) were the main suppliers of iron angle imports to Kuwait, together accounting for X% of total imports.

From 2012 to 2021, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by Oman (with a CAGR of +X%), while imports for the other leaders experienced more modest paces of growth.

In value terms, the United Arab Emirates ($X), Turkey ($X) and Oman ($X) were the largest iron angle suppliers to Kuwait, together accounting for X% of total imports.

Oman, with a CAGR of +X%, saw the highest rates of growth with regard to the value of imports, among the main suppliers over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

In 2021, the average iron angle import price amounted to $X per ton, growing by X% against the previous year. In general, the import price, however, saw a mild contraction. The growth pace was the most rapid in 2017 an increase of X%. The import price peaked at $X per ton in 2013; however, from 2014 to 2021, import prices stood at a somewhat lower figure.

Average prices varied somewhat amongst the major supplying countries. In 2021, the highest price was recorded for prices from Bahrain ($X per ton) and the United Arab Emirates ($X per ton), while the price for China ($X per ton) and Turkey ($X per ton) were amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Bahrain (+X%), while the prices for the other major suppliers experienced mixed trend patterns.

Source: IndexBox Platform