Price for Powders of Pig Iron in Kuwait - 2021

Contents:

  1. Price for Powders of Pig Iron in Kuwait (CIF) - 2022
  2. Price for Powders of Pig Iron in Kuwait (FOB) - 2022
  3. Imports of Powders of Pig Iron in Kuwait
  4. Exports of Powders of Pig Iron in Kuwait

Price for Powders of Pig Iron in Kuwait (CIF) - 2022

The average powders of pig iron import price stood at $2,746 per ton in 2022, surging by 16% against the previous year. In general, import price indicated a prominent expansion from 2012 to 2022: its price increased at an average annual rate of +7.1% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, powders of pig iron import price increased by +36.6% against 2020 indices. The most prominent rate of growth was recorded in 2013 when the average import price increased by 31%. The import price peaked at $3,112 per ton in 2019; however, from 2020 to 2022, import prices failed to regain momentum.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was the UK ($2,848 per ton), while the price for Germany ($756 per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by China (+22.4%), while the prices for the other major suppliers experienced more modest paces of growth.

Price for Powders of Pig Iron in Kuwait (FOB) - 2022

The average powders of pig iron export price stood at $2,103 per ton in 2022, rising by 1,261% against the previous year. In general, the export price recorded prominent growth. As a result, the export price reached the peak level and is likely to continue growth in the immediate term.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was the United Arab Emirates ($2,138 per ton), while the average price for exports to Saudi Arabia amounted to $337 per ton.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to the United Arab Emirates (+0.4%).

Imports of Powders of Pig Iron in Kuwait

In 2022, approx. 10 tons of powders of pig ira were imported into Kuwait; jumping by 138% against the previous year's figure. Overall, imports, however, faced a significant contraction.

In value terms, powders of pig iron imports surged to $28K in 2022. In general, imports, however, saw a precipitous curtailment.

Import of Powders of Pig Iron in Kuwait (Thousand USD)
COUNTRY2019202020212022CAGR,
2019-2022
China21.86.94.09.6-23.9%
France6.49.12.24.6-10.4%
Saudi Arabia6.05.10.42.7-23.4%
Germany1.42.40.71.76.7%
United Kingdom2.93.60.71.3-23.5%
Netherlands9.13.00.10.4-64.7%
Others21.615.62.07.5-29.7%
Total69.145.610.127.8-26.2%

Top Suppliers of Powders of Pig Iron to Kuwait in 2022:

  1. Netherlands (undefined tons)
  2. China (3.5 tons)
  3. Germany (2.3 tons)
  4. France (2.1 tons)
  5. Saudi Arabia (1.5 tons)
  6. United Kingdom (0.5 tons)

Exports of Powders of Pig Iron in Kuwait

After three years of growth, overseas shipments of powders of pig ira decreased by -95.9% to 41 tons in 2022. In general, exports, however, showed significant growth. The growth pace was the most rapid in 2021 with an increase of 10,539% against the previous year. As a result, the exports attained the peak of 993 tons, and then shrank dramatically in the following year.

In value terms, powders of pig iron exports reduced rapidly to $85K in 2022. Overall, exports, however, showed a significant increase. The most prominent rate of growth was recorded in 2021 when exports increased by 797% against the previous year. As a result, the exports attained the peak of $153K, and then contracted dramatically in the following year.

Export of Powders of Pig Iron in Kuwait (Thousand USD)
COUNTRY2019202020212022CAGR,
2019-2022
United Arab Emirates5.717.031.585.0146.1%
Saudi Arabia0.10.10.10.344.2%
EgyptN/AN/A122N/A0%
OthersN/AN/AN/AN/A0%
Total5.717.115385.3146.4%

Top Export Markets for Powders of Pig Iron from Kuwait in 2022:

  1. United Arab Emirates (39.8 tons)
  2. Saudi Arabia (0.8 tons)

Source: IndexBox Market Intelligence Platform

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Free Data: Iron or steel, pig iron, spiegeleisen; powders (excluding alloy steel) - Kuwait