Price for Steel Alloy Wire of Silico-Manganese Steel in Kuwait - 2022
Contents:
- Price for Steel Alloy Wire of Silico-Manganese Steel in Kuwait (CIF) - 2022
- Imports of Steel Alloy Wire of Silico-Manganese Steel in Kuwait
Price for Steel Alloy Wire of Silico-Manganese Steel in Kuwait (CIF) - 2022
In 2022, the average import price for steel alloy wire of silico-manganese steels amounted to $1,812 per ton, dropping by -73.8% against the previous year. In general, the import price continues to indicate a slight slump. The pace of growth was the most pronounced in 2021 an increase of 222%. As a result, import price reached the peak level of $6,915 per ton, and then shrank notably in the following year.
There were significant differences in the average prices amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was Canada ($4,429 per ton), while the price for the United Arab Emirates ($518 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Australia (+12.8%), while the prices for the other major suppliers experienced mixed trend patterns.
Imports of Steel Alloy Wire of Silico-Manganese Steel in Kuwait
For the third year in a row, Kuwait recorded decline in overseas purchases of steel alloy wire of silico-manganese steels, which decreased by -56.8% to 37 tons in 2022. In general, imports saw a sharp downturn. The smallest decline of -28.6% was in 2021.
In value terms, imports of steel alloy wire of silico-manganese steels contracted rapidly to $66K in 2022. Over the period under review, imports recorded a sharp decline. The most prominent rate of growth was recorded in 2021 when imports increased by 130%.
| Import of Steel Alloy Wire of Silico-Manganese Steel in Kuwait (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Czech Republic | 405 | 123 | 288 | 29.2 | -58.4% |
| Canada | 99.2 | 43.3 | 123 | 15.2 | -46.5% |
| United States | 170 | 30.8 | 84.8 | 10.2 | -60.9% |
| China | 46.0 | 9.5 | 8.5 | 5.3 | -51.3% |
| Turkey | 63.0 | 16.8 | 30.2 | 1.7 | -70.0% |
| India | 30.6 | 4.0 | 13.3 | 1.6 | -62.6% |
| South Korea | 4.9 | 2.6 | 12.5 | 1.3 | -35.7% |
| United Arab Emirates | 9.8 | 3.5 | 9.6 | 1.0 | -53.3% |
| Others | 89.2 | 21.6 | 17.3 | 0.9 | -78.4% |
| Total | 918 | 256 | 587 | 66.4 | -58.3% |
Top Suppliers of Steel Alloy Wire of Silico-Manganese Steel to Kuwait in 2022:
- Czech Republic (13.7 tons)
- United States (5.9 tons)
- China (5.8 tons)
- Canada (3.4 tons)
- India (2.4 tons)
- United Arab Emirates (1.9 tons)
- South Korea (1.5 tons)
- Turkey (1.4 tons)
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