Price for Steel, Stainless; Cold-Drawn or Cold-Rolled, Tubes and Pipes of Circular Cross-Section in Kuwait - 2022
Contents:
- Price for Steel, Stainless; Cold-Drawn or Cold-Rolled, Tubes and Pipes of Circular Cross-Section in Kuwait (FOB) - 2022
- Exports of Steel, Stainless; Cold-Drawn or Cold-Rolled, Tubes and Pipes of Circular Cross-Section in Kuwait
Price for Steel, Stainless; Cold-Drawn or Cold-Rolled, Tubes and Pipes of Circular Cross-Section in Kuwait (FOB) - 2022
In 2022, the average export price for steel, stainless; cold-drawn or cold-rolled, tubes and pipes of circular cross-sectia amounted to $9,482 per ton, surging by 22% against the previous year. Overall, the export price, however, faced a deep setback. The pace of growth was the most pronounced in 2019 an increase of 67%. Over the period under review, the average export prices hit record highs at $27,856 per ton in 2012; however, from 2013 to 2022, the export prices remained at a lower figure.
Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Oman ($45,648 per ton), while the average price for exports to the United Arab Emirates ($1,842 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 Oman (+12.6%), while the prices for the other major destinations experienced a decline.
Exports of Steel, Stainless; Cold-Drawn or Cold-Rolled, Tubes and Pipes of Circular Cross-Section in Kuwait
In 2022, approx. 6.6 tons of steel, stainless; cold-drawn or cold-rolled, tubes and pipes of circular cross-sectia were exported from Kuwait; reducing by -28.1% against the year before. Over the period under review, exports continue to indicate a sharp descent. The growth pace was the most rapid in 2021 when exports increased by 141% against the previous year.
In value terms, exports of steel, stainless; cold-drawn or cold-rolled, tubes and pipes of circular cross-sectia contracted to $63K in 2022. In general, exports faced a dramatic curtailment. The pace of growth was the most pronounced in 2021 when exports increased by 173% against the previous year.
| Export of Steel, Stainless; Cold-Drawn or Cold-Rolled, Tubes and Pipes of Circular Cross-Section in Kuwait (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| India | 71.6 | 18.1 | 43.2 | 32.6 | -23.1% |
| Oman | 12.2 | 4.9 | 26.1 | 24.2 | 25.6% |
| United Arab Emirates | 1.4 | 0.5 | 2.5 | 1.9 | 10.7% |
| Germany | 2.1 | 2.8 | N/A | N/A | 33.3% |
| Others | 43.3 | N/A | N/A | 4.1 | -54.4% |
| Total | 131 | 26.3 | 71.7 | 62.8 | -21.7% |
Top Export Markets for Steel, Stainless; Cold-Drawn or Cold-Rolled, Tubes and Pipes of Circular Cross-Section from Kuwait in 2022:
- India (5.0 tons)
- United Arab Emirates (1.0 tons)
- Oman (0.5 tons)
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