Report Update May 1, 2024

Kuwait - Iron or Steel Leaf-Springs and Leaves - Market Analysis, Forecast, Size, Trends and Insights

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Kuwait: Market for Iron Or Steel Leaf-Springs And Leaves 2022

Market Size for Iron Or Steel Leaf-Springs And Leaves in Kuwait

The Kuwaiti market for iron or steel leaf-springs and leaves reduced notably to $X in 2020, with a decrease 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). Overall, consumption recorded a relatively flat trend pattern. The most prominent rate of growth was recorded in 2010 when the market value increased by X% year-to-year. Consumption peaked at $X in 2019, and then declined rapidly in the following year.

Exports of Iron Or Steel Leaf-Springs And Leaves

Exports from Kuwait

After five years of growth, shipments abroad of iron or steel leaf-springs and leaves decreased by -X% to X kg in 2020. Over the period under review, exports continue to indicate a sharp shrinkage. The pace of growth appeared the most rapid in 2011 when exports increased by X% against the previous year. Exports peaked at X tons in 2007; however, from 2008 to 2020, exports stood at a somewhat lower figure.

In value terms, exports of iron or steel leaf-springs and leaves soared to $X in 2020. In general, exports saw a abrupt decline. Exports peaked at $X in 2007; however, from 2008 to 2020, exports failed to regain the momentum.

Exports by Country

Qatar (X kg) was the main destination for exports of iron or steel leaf-springs and leaves from Kuwait, with a X% share of total exports. Moreover, exports of iron or steel leaf-springs and leaves to Qatar exceeded the volume sent to the second major destination, the United Arab Emirates (X kg), sixfold.

From 2007 to 2020, the average annual rate of growth in terms of volume to Qatar stood at -X%.

In value terms, Qatar ($X) remains the key foreign market for iron or steel leaf-spring and leave exports from Kuwait, comprising X% of total exports. The second position in the ranking was occupied by the United Arab Emirates ($X), with a X% share of total exports.

From 2007 to 2020, the average annual growth rate of value to Qatar totaled +X%.

Export Prices by Country

In 2020, the average export price for iron or steel leaf-springs and leaves amounted to $X per ton, jumping by X% against the previous year. Overall, the export price continues to indicate a significant expansion. As a result, export price reached the peak level and is likely to continue growth in the immediate term.

There were significant differences in the average prices for the major export markets. In 2020, the country with the highest price was Qatar ($X per ton), while the average price for exports to the United Arab Emirates amounted to $X per ton.

From 2007 to 2020, the most notable rate of growth in terms of prices was recorded for supplies to Qatar.

Imports of Iron Or Steel Leaf-Springs And Leaves

Imports into Kuwait

Imports of iron or steel leaf-springs and leaves into Kuwait reduced dramatically to X tons in 2020, waning by -X% compared with the year before. Overall, imports continue to indicate a slight reduction. The growth pace was the most rapid in 2010 when imports increased by X% year-to-year. Imports peaked at X tons in 2019, and then shrank markedly in the following year.

In value terms, imports of iron or steel leaf-springs and leaves declined rapidly to $X in 2020. In general, imports recorded a relatively flat trend pattern. The growth pace was the most rapid in 2019 with an increase of X% y-o-y. As a result, imports attained the peak of $X, and then declined remarkably in the following year.

Imports by Country

Iran (X tons), Turkey (X tons) and China (X tons) were the main suppliers of imports of iron or steel leaf-springs and leaves to Kuwait, together comprising X% of total imports.

From 2007 to 2020, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by Iran, while imports for the other leaders experienced more modest paces of growth.

In value terms, Iran ($X), China ($X) and Turkey ($X) were the largest iron or steel leaf-spring and leave suppliers to Kuwait, together comprising X% of total imports.

Iran saw the highest rates of growth with regard to the value of imports, in terms of the main suppliers over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

The average import price for iron or steel leaf-springs and leaves stood at $X per ton in 2020, picking up by X% against the previous year. In general, import price indicated temperate growth from 2007 to 2020: its price increased at an average annual rate of +X% over the last thirteen-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2020 figures, import price for iron or steel leaf-springs and leaves increased by +X% against 2017 indices. As a result, import price reached the peak level and is likely to continue growth in the immediate term.

Average prices varied noticeably amongst the major supplying countries. In 2020, the countries with the highest prices were China ($X per ton) and Iran ($X per ton), while the price for Tunisia ($X per ton) and the United Arab Emirates ($X per ton) were amongst the lowest.

From 2007 to 2020, the most notable rate of growth in terms of prices was attained by the United Arab Emirates, while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :

What are the largest markets for iron or steel leaf-springs and leaves in the world?

The countries with the highest volumes of consumption in 2023 were China, the United States and India, together accounting for 43% of global consumption. Greece, Russia, Brazil, Indonesia, Thailand, Iran and Japan lagged somewhat behind, together accounting for a further 24%.

What are the largest producers of iron or steel leaf-springs and leaves in the world?

The country with the largest volume of iron or steel leaf-spring production was China, comprising approx. 27% of total volume. Moreover, iron or steel leaf-spring production in China exceeded the figures recorded by the second-largest producer, India, threefold. Greece ranked third in terms of total production with a 7.7% share.

What are the leading suppliers of iron or steel leaf-springs and leaves to Kuwait?

In value terms, India constituted the largest supplier of iron or steel leaf-springs and leaves to Kuwait, comprising 49% of total imports. The second position in the ranking was taken by Iran, with a 15% share of total imports. It was followed by China, with a 12% share.

What are the leading importers of iron or steel leaf-springs and leaves from Kuwait?

In value terms, Egypt remains the key foreign market for iron or steel leaf-springs and leaves exports from Kuwait, comprising 93% of total exports. The second position in the ranking was held by Qatar $366), with a 7.1% share of total exports.

What is the average export price for iron or steel leaf-springs and leaves in Kuwait?

The average iron or steel leaf-spring export price stood at $3,581 per ton in 2022, picking up by 17% against the previous year.

What is the average import price for iron or steel leaf-springs and leaves in Kuwait?

In 2022, the average iron or steel leaf-spring import price amounted to $3,725 per ton, surging by 7.7% against the previous year.

This report provides an in-depth analysis of the market for iron or steel leaf-spring and leave in Kuwait. Within it, you will discover the latest data on market trends and opportunities by country, consumption, production and price developments, as well as the global trade (imports and exports). The forecast exhibits the market prospects through 2025.

Product coverage:

Prodcom 25931613 - Iron or steel hot-worked laminated leaf-springs and leaves therefor
Prodcom 25931615 - Iron or steel hot-worked non-laminated leaf-springs and leaves therefor
Prodcom 25931617 - Iron or steel cold-formed leaf-springs and leaves therefor

Country coverage:

Kuwait

Data coverage:

Market volume and value
Per Capita consumption
Forecast of the market dynamics in the medium term
Trade (exports and imports) in Kuwait
Export and import prices
Market trends, drivers and restraints
Key market players and their profiles

Reasons to buy this report:

Take advantage of the latest data
Find deeper insights into current market developments
Discover vital success factors affecting the market

This report is designed for manufacturers, distributors, importers, and wholesalers, as well as for investors, consultants and advisors.

In this report, you can find information that helps you to make informed decisions on the following issues:

How to diversify your business and benefit from new market opportunities
How to load your idle production capacity
How to boost your sales on overseas markets
How to increase your profit margins
How to make your supply chain more sustainable
How to reduce your production and supply chain costs
How to outsource production to other countries
How to prepare your business for global expansion

While doing this research, we combine the accumulated expertise of our analysts and the capabilities of artificial intelligence. The AI-based platform, developed by our data scientists, constitutes the key working tool for business analysts, empowering them to discover deep insights and ideas from the marketing data.

1. INTRODUCTION

Making Data-Driven Decisions to Grow Your Business
1. REPORT DESCRIPTION
2. RESEARCH METHODOLOGY AND AI PLATFORM
3. DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
4. GLOSSARY AND SPECIFIC TERMS
2. EXECUTIVE SUMMARY

A Quick Overview of Market Performance
1. KEY FINDINGS
2. MARKET TRENDS This Chapter is Available Only for the Professional Edition PRO
3. MARKET OVERVIEW

Understanding the Current State of The Market and Its Prospects
1. MARKET SIZE
2. MARKET STRUCTURE
3. TRADE BALANCE
4. PER CAPITA CONSUMPTION
5. MARKET FORECAST TO 2030
4. MOST PROMISING PRODUCT

Finding New Products to Diversify Your Business
This Chapter is Available Only for the Professional Edition PRO
1. TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
2. BEST-SELLING PRODUCTS
3. MOST CONSUMED PRODUCT
4. MOST TRADED PRODUCT
5. MOST PROFITABLE PRODUCT FOR EXPORT
5. MOST PROMISING SUPPLYING COUNTRIES

Choosing the Best Countries to Establish Your Sustainable Supply Chain
This Chapter is Available Only for the Professional Edition PRO
1. TOP COUNTRIES TO SOURCE YOUR PRODUCT
2. TOP PRODUCING COUNTRIES
3. TOP EXPORTING COUNTRIES
4. LOW-COST EXPORTING COUNTRIES
6. MOST PROMISING OVERSEAS MARKETS

Choosing the Best Countries to Boost Your Exports
This Chapter is Available Only for the Professional Edition PRO
1. TOP OVERSEAS MARKETS FOR EXPORTING YOUR PRODUCT
2. TOP CONSUMING MARKETS
3. UNSATURATED MARKETS
4. TOP IMPORTING MARKETS
5. MOST PROFITABLE MARKETS
7. PRODUCTION

The Latest Trends and Insights into The Industry
1. PRODUCTION VOLUME AND VALUE
8. IMPORTS
The Largest Import Supplying Countries
1. IMPORTS FROM 2012–2023
2. IMPORTS BY COUNTRY
3. IMPORT PRICES BY COUNTRY
9. EXPORTS
The Largest Destinations for Exports
1. EXPORTS FROM 2012–2023
2. EXPORTS BY COUNTRY
3. EXPORT PRICES BY COUNTRY
10. PROFILES OF MAJOR PRODUCERS

The Largest Producers on The Market and Their Profiles
This Chapter is Available Only for the Professional Edition PRO
LIST OF TABLES
1. Key Findings In 2023
2. Market Volume, In Physical Terms, 2012–2023
3. Market Value, 2012–2023
4. Per Capita Consumption In 2012-2023
5. Imports, In Physical Terms, By Country, 2012–2023
6. Imports, In Value Terms, By Country, 2012–2023
7. Import Prices, By Country Of Origin, 2012–2023
8. Exports, In Physical Terms, By Country, 2012–2023
9. Exports, In Value Terms, By Country, 2012–2023
10. Export Prices, By Country Of Destination, 2012–2023
LIST OF FIGURES
1. Market Volume, In Physical Terms, 2012–2023
2. Market Value, 2012–2023
3. Market Structure – Domestic Supply vs. Imports, In Physical Terms, 2012-2023
4. Market Structure – Domestic Supply vs. Imports, In Value Terms, 2012-2023
5. Trade Balance, In Physical Terms, 2012-2023
6. Trade Balance, In Value Terms, 2012-2023
7. Per Capita Consumption, 2012-2023
8. Market Volume Forecast to 2030
9. Market Value Forecast to 2030
10. Products: Market Size And Growth, By Type
11. Products: Average Per Capita Consumption, By Type
12. Products: Exports And Growth, By Type
13. Products: Export Prices And Growth, By Type
14. Production Volume And Growth
15. Exports And Growth
16. Export Prices And Growth
17. Market Size And Growth
18. Per Capita Consumption
19. Imports And Growth
20. Import Prices
21. Production, In Physical Terms, 2012–2023
22. Production, In Value Terms, 2012–2023
23. Imports, In Physical Terms, 2012–2023
24. Imports, In Value Terms, 2012–2023
25. Imports, In Physical Terms, By Country, 2023
26. Imports, In Physical Terms, By Country, 2012–2023
27. Imports, In Value Terms, By Country, 2012–2023
28. Import Prices, By Country Of Origin, 2012–2023
29. Exports, In Physical Terms, 2012–2023
30. Exports, In Value Terms, 2012–2023
31. Exports, In Physical Terms, By Country, 2023
32. Exports, In Physical Terms, By Country, 2012–2023
33. Exports, In Value Terms, By Country, 2012–2023
34. Export Prices, By Country Of Destination, 2012–2023