Price for Stainless Steel; Flat-Rolled Products of Width Less than 600mm in Kuwait - 2022
Contents:
- Price for Stainless Steel; Flat-Rolled Products of Width Less than 600mm in Kuwait (CIF) - 2022
- Price for Stainless Steel; Flat-Rolled Products of Width Less than 600mm in Kuwait (FOB) - 2022
- Imports of Stainless Steel; Flat-Rolled Products of Width Less than 600mm in Kuwait
- Exports of Stainless Steel; Flat-Rolled Products of Width Less than 600mm in Kuwait
Price for Stainless Steel; Flat-Rolled Products of Width Less than 600mm in Kuwait (CIF) - 2022
In 2022, the average import price for stainless steel; flat-rolled products of width less than 600mms amounted to $5,231 per ton, reducing by -7.2% against the previous year. Overall, import price indicated a perceptible increase from 2012 to 2022: its price increased at an average annual rate of +4.3% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, import price for stainless steel; flat-rolled products of width less than 600mms increased by +64.1% against 2017 indices. The growth pace was the most rapid in 2021 an increase of 42% against the previous year. As a result, import price reached the peak level of $5,639 per ton, and then contracted in the following year.
Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Finland ($8,340 per ton), while the price for Saudi Arabia ($382 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Australia (+2.6%), while the prices for the other major suppliers experienced mixed trend patterns.
Price for Stainless Steel; Flat-Rolled Products of Width Less than 600mm in Kuwait (FOB) - 2022
In 2022, the average export price for stainless steel; flat-rolled products of width less than 600mms amounted to $5,224 per ton, growing by 18% against the previous year. In general, the export price enjoyed a prominent increase. The pace of growth appeared the most rapid in 2018 when the average export price increased by 124% against the previous year. Over the period under review, the average export prices reached the maximum in 2022 and is expected to retain 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 ($12,058 per ton), while the average price for exports to Saudi Arabia ($308 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Iraq (+10.8%), while the prices for the other major destinations experienced more modest paces of growth.
Imports of Stainless Steel; Flat-Rolled Products of Width Less than 600mm in Kuwait
In 2022, overseas purchases of stainless steel; flat-rolled products of width less than 600mms were finally on the rise to reach 227 tons after two years of decline. In general, imports, however, showed a dramatic shrinkage.
In value terms, imports of stainless steel; flat-rolled products of width less than 600mms surged to $1.2M in 2022. Over the period under review, imports, however, continue to indicate a dramatic decline.
| Import of Stainless Steel; Flat-Rolled Products of Width Less than 600mm in Kuwait (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Finland | 1,209 | 1,016 | 569 | 981 | -6.7% |
| India | 233 | 55.6 | 26.3 | 66.4 | -34.2% |
| Singapore | 44.9 | 36.2 | 19.5 | 37.1 | -6.2% |
| United Kingdom | 91.9 | 131 | 4.8 | 30.6 | -30.7% |
| China | 103 | 83.8 | 24.3 | 13.5 | -49.2% |
| Belgium | 40.8 | 18.7 | 3.2 | 4.9 | -50.7% |
| United States | 563 | 10.8 | 3.9 | 4.2 | -80.5% |
| Saudi Arabia | 7.4 | 5.4 | 2.6 | 3.8 | -19.9% |
| United Arab Emirates | 274 | 103 | 14.3 | 3.7 | -76.2% |
| Austria | 28.9 | 11.5 | 3.0 | 1.4 | -63.5% |
| Others | 162 | 78.4 | 29.3 | 42.9 | -35.8% |
| Total | 2,756 | 1,550 | 700 | 1,189 | -24.4% |
Top Suppliers of Stainless Steel; Flat-Rolled Products of Width Less than 600mm to Kuwait in 2022:
- Finland (117.6 tons)
- India (37.2 tons)
- Singapore (18.1 tons)
- United Kingdom (17.4 tons)
- Saudi Arabia (10.0 tons)
- China (7.1 tons)
- Belgium (4.8 tons)
- United Arab Emirates (1.1 tons)
- United States (0.9 tons)
- Austria (0.9 tons)
Exports of Stainless Steel; Flat-Rolled Products of Width Less than 600mm in Kuwait
Exports of stainless steel; flat-rolled products of width less than 600mms from Kuwait soared to 5.8 tons in 2022, jumping by 283% compared with 2021. In general, exports saw significant growth. As a result, the exports attained the peak and are likely to continue growth in the immediate term.
In value terms, exports of stainless steel; flat-rolled products of width less than 600mms skyrocketed to $31K in 2022. Overall, exports showed significant growth. As a result, the exports reached the peak and are likely to continue growth in the immediate term.
| Export of Stainless Steel; Flat-Rolled Products of Width Less than 600mm in Kuwait (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Iraq | 3.0 | 9.3 | 6.0 | 23.5 | 98.6% |
| Qatar | 0.1 | 0.3 | 0.1 | 4.0 | 242.0% |
| United Arab Emirates | 0.1 | 0.1 | 0.1 | 1.3 | 135.1% |
| Saudi Arabia | 0.3 | 0.6 | 0.3 | 0.8 | 38.7% |
| Others | 0.1 | 1.4 | 0.3 | 1.0 | 115.4% |
| Total | 3.7 | 11.8 | 6.7 | 30.5 | 102.0% |
Top Export Markets for Stainless Steel; Flat-Rolled Products of Width Less than 600mm from Kuwait in 2022:
- Saudi Arabia (2.5 tons)
- Iraq (2.4 tons)
- Qatar (0.7 tons)
- United Arab Emirates (0.1 tons)
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