Kuwait: Market for Line Pipe of Steel other than Stainless Steel for Oil or Gas Pipelines 2024

Market Size for Line Pipe of Steel other than Stainless Steel for Oil or Gas Pipelines in Kuwait

In 2022, the Kuwaiti market for line pipe of steel other than stainless steel for oil or gas pipelines increased by X% to $X for the first time since 2019, thus ending a two-year declining trend. Overall, consumption showed a relatively flat trend pattern. Over the period under review, the market hit record highs at $X in 2016; however, from 2017 to 2022, consumption failed to regain momentum.

Exports of Line Pipe of Steel other than Stainless Steel for Oil or Gas Pipelines

Exports from Kuwait

For the fourth year in a row, Kuwait recorded decline in shipments abroad of line pipe of steel other than stainless steel for oil or gas pipelines, which decreased by X% to X tons in 2022. Over the period under review, exports continue to indicate a precipitous setback. The most prominent rate of growth was recorded in 2016 when exports increased by X%. As a result, the exports attained the peak of X tons. From 2017 to 2022, the growth of the exports of remained at a somewhat lower figure.

In value terms, exports of line pipe of steel other than stainless steel for oil or gas pipelines shrank significantly to $X in 2022. In general, exports faced a dramatic decline. The growth pace was the most rapid in 2015 with an increase of X%. Over the period under review, the exports of reached the peak figure at $X in 2016; however, from 2017 to 2022, the exports stood at a somewhat lower figure.

Exports by Country

The United Arab Emirates (X tons) was the main destination for exports of line pipe of steel other than stainless steel for oil or gas pipelines from Kuwait, accounting for a X% share of total exports. Moreover, exports of line pipe of steel other than stainless steel for oil or gas pipelines to the United Arab Emirates exceeded the volume sent to the second major destination, Egypt (X tons), threefold. Oman (X tons) ranked third in terms of total exports with a X% share.

From 2013 to 2022, the average annual rate of growth in terms of volume to the United Arab Emirates stood at X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Egypt (X% per year) and Oman (X% per year).

In value terms, the United Arab Emirates ($X) emerged as the key foreign market for line pipe of steel other than stainless steel for oil or gas pipelines exports from Kuwait, comprising X% of total exports. The second position in the ranking was held by Egypt ($X), with a X% share of total exports. It was followed by Oman, with a X% share.

From 2013 to 2022, the average annual rate of growth in terms of value to the United Arab Emirates amounted to X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Egypt (X% per year) and Oman (X% per year).

Export Prices by Country

In 2022, the average export price for line pipe of steel other than stainless steel for oil or gas pipelines amounted to $X per ton, jumping by X% against the previous year. Over the period under review, the export price continues to indicate a relatively flat trend pattern. The export price peaked at $X per ton in 2015; however, from 2016 to 2022, the export prices stood at a somewhat lower figure.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Oman ($X per ton), while the average price for exports to Italy ($X per ton) was amongst the lowest.

From 2013 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Oman (X%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Line Pipe of Steel other than Stainless Steel for Oil or Gas Pipelines

Imports into Kuwait

In 2022, the amount of line pipe of steel other than stainless steel for oil or gas pipelines imported into Kuwait skyrocketed to X tons, growing by X% compared with the previous year. Over the period under review, imports, however, continue to indicate a slight setback. Over the period under review, imports of attained the maximum at X tons in 2016; however, from 2017 to 2022, imports stood at a somewhat lower figure.

In value terms, imports of line pipe of steel other than stainless steel for oil or gas pipelines skyrocketed to $X in 2022. Overall, imports showed a remarkable increase. Imports peaked at $X in 2016; however, from 2017 to 2022, imports failed to regain momentum.

Imports by Country

In 2022, China (X tons) was the main line pipe of steel other than stainless steel for oil or gas pipelines supplier to Kuwait, accounting for a X% share of total imports. It was followed by India (X tons), with a X% share of total imports.

From 2013 to 2022, the average annual growth rate of volume from China totaled X%.

In value terms, China ($X) constituted the largest supplier of line pipe of steel other than stainless steel for oil or gas pipelines to Kuwait, comprising X% of total imports. The second position in the ranking was taken by India ($X), with a X% share of total imports.

From 2013 to 2022, the average annual rate of growth in terms of value from China stood at X%.

Import Prices by Country

In 2022, the average import price for line pipe of steel other than stainless steel for oil or gas pipelines amounted to $X per ton, growing by X% against the previous year. Overall, the import price showed a prominent increase. 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 2022, amid the top importers, the country with the highest price was China ($X per ton), while the price for India amounted to $X per ton.

From 2013 to 2022, the most notable rate of growth in terms of prices was attained by Japan (X%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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