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Kuwait - Iron Ores - Market Analysis, Forecast, Size, Trends and Insights

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Kuwait: Iron Ore Market 2021

Iron Ore Market Size in Kuwait

After three years of growth, the Kuwaiti iron ore market decreased by -X% to $X in 2019. Overall, consumption faced a dramatic slump. The pace of growth appeared the most rapid in 2018 with an increase of X% year-to-year. Over the period under review, the market attained the maximum level at $X in 2007; however, from 2008 to 2019, consumption stood at a somewhat lower figure.

Iron Ore Exports

Exports from Kuwait

In 2019, overseas shipments of iron ores decreased by -X% to X kg, falling for the fourth consecutive year after four years of growth. In general, exports continue to indicate a deep setback. The growth pace was the most rapid in 2010 when exports increased by X% year-to-year. As a result, exports attained the peak of X tons. From 2011 to 2019, the growth exports remained at a somewhat lower figure.

In value terms, iron ore exports contracted rapidly to $X in 2019. Over the period under review, exports recorded a pronounced reduction. The most prominent rate of growth was recorded in 2010 when exports increased by X% y-o-y. As a result, exports reached the peak of $X. From 2011 to 2019, the growth exports remained at a somewhat lower figure.

Exports by Country

The United Arab Emirates (X kg) was the main destination for iron ore exports from Kuwait, accounting for a X% share of total exports. Moreover, iron ore exports to the United Arab Emirates exceeded the volume sent to the second major destination, Saudi Arabia (X kg), more than tenfold.

From 2007 to 2019, the average annual growth rate of volume to the United Arab Emirates amounted to +X%.

In value terms, the United Arab Emirates ($X) remains the key foreign market for iron ore exports from Kuwait, comprising X% of total exports. The second position in the ranking was occupied by Saudi Arabia ($X), with a X% share of total exports.

From 2007 to 2019, the average annual growth rate of value to the United Arab Emirates totaled +X%.

Export Prices by Country

In 2019, the average iron ore export price amounted to $X per ton, which is down by -X% against the previous year. Overall, the export price, however, saw a tangible expansion. The growth pace was the most rapid in 2011 an increase of X% year-to-year. As a result, export price reached the peak level of $X per ton. From 2012 to 2019, the growth in terms of the average export prices failed to regain the momentum.

Prices varied noticeably by the country of destination; the country with the highest price was Saudi Arabia ($X per ton), while the average price for exports to the United Arab Emirates amounted to $X per ton.

From 2007 to 2019, the most notable rate of growth in terms of prices was recorded for supplies to the United Arab Emirates.

Iron Ore Imports

Imports into Kuwait

In 2019, after two years of growth, there was significant decline in purchases abroad of iron ores, when their volume decreased by -X% to X tons. Overall, imports faced a sharp decline. The growth pace was the most rapid in 2018 when imports increased by X% year-to-year. Over the period under review, imports attained the peak figure at X tons in 2007; however, from 2008 to 2019, imports remained at a lower figure.

In value terms, iron ore imports reduced rapidly to $X in 2019. In general, imports showed a sharp contraction. The pace of growth was the most pronounced in 2018 when imports increased by X% y-o-y. Over the period under review, imports attained the maximum at $X in 2007; however, from 2008 to 2019, imports failed to regain the momentum.

Imports by Country

In 2019, Iran (X tons) constituted the largest supplier of iron ore to Kuwait, accounting for a X% share of total imports. Moreover, iron ore imports from Iran exceeded the figures recorded by the second-largest supplier, China (X tons), more than tenfold. The Netherlands (X tons) ranked third in terms of total imports with a X% share.

From 2007 to 2019, the average annual rate of growth in terms of volume from Iran amounted to +X%. The remaining supplying countries recorded the following average annual rates of imports growth: China (-X% per year) and the Netherlands (-X% per year).

In value terms, Iran ($X) constituted the largest supplier of iron ore to Kuwait, comprising X% of total imports. The second position in the ranking was occupied by the Netherlands ($X), with a X% share of total imports. It was followed by India, with a X% share.

From 2007 to 2019, the average annual growth rate of value from Iran stood at +X%. The remaining supplying countries recorded the following average annual rates of imports growth: the Netherlands (-X% per year) and India (-X% per year).

Import Prices by Country

The average iron ore import price stood at $X per ton in 2019, surging by X% against the previous year. In general, the import price saw a significant expansion. The growth pace was the most rapid in 2008 an increase of X% y-o-y. Over the period under review, average import prices hit record highs at $X per ton in 2013; however, from 2014 to 2019, import prices failed to regain the momentum.

There were significant differences in the average prices amongst the major supplying countries. In 2019, the country with the highest price was the Netherlands ($X per ton), while the price for Iran ($X per ton) was amongst the lowest.

From 2007 to 2019, the most notable rate of growth in terms of prices was attained by India, while the prices for the other major suppliers experienced more modest paces of growth.

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Frequently Asked Questions (FAQ) :

What are the largest markets for iron ores in the world?

China constituted the country with the largest volume of iron ore consumption, comprising approx. 54% of total volume. Moreover, iron ore consumption in China exceeded the figures recorded by the second-largest consumer, India, eightfold. Australia ranked third in terms of total consumption with a 6.1% share.

What are the largest producers of iron ores in the world?

The countries with the highest volumes of iron ore production in 2019 were Australia, Brazil and China, together comprising 70% of global production.

What are the leading suppliers of iron ores to Kuwait?

In value terms, Iran constituted the largest supplier of iron ore to Kuwait, comprising 70% of total imports. The second position in the ranking was occupied by the Netherlands, with a 13% share of total imports. It was followed by India, with a 6.5% share.

What are the leading importers of iron ores from Kuwait?

In value terms, the United Arab Emirates $121) remains the key foreign market for iron ore exports from Kuwait, comprising 75% of total exports. The second position in the ranking was occupied by Saudi Arabia $40), with a 25% share of total exports.

What is the average export price for iron ores in Kuwait?

In 2019, the average iron ore export price amounted to $481 per ton, shrinking by -58.5% against the previous year.

What is the average import price for iron ores in Kuwait?

In 2019, the average iron ore import price amounted to $723 per ton, rising by 70% against the previous year.

This report provides an in-depth analysis of the iron ore market 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:

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