Price for Alloy Steel Flat-Rolled Products, of A Width 600mm or More in Kuwait - 2022

Contents:

1. Price for Alloy Steel Flat-Rolled Products, of A Width 600mm or More in Kuwait (CIF) - 2022
2. Price for Alloy Steel Flat-Rolled Products, of A Width 600mm or More in Kuwait (FOB) - 2022
3. Imports of Alloy Steel Flat-Rolled Products, of A Width 600mm or More in Kuwait
4. Exports of Alloy Steel Flat-Rolled Products, of A Width 600mm or More in Kuwait

Price for Alloy Steel Flat-Rolled Products, of A Width 600mm or More in Kuwait (CIF) - 2022

In December 2022, the average import price for alloy steel flat-rolled products, of a width 600mm or mores amounted to $1,679 per ton, surging by 5.5% against the previous month. Over the period under review, import price indicated a moderate expansion from December 2021 to December 2022: its price increased at an average monthly rate of +3.4% over the last twelve months. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on December 2022 figures, import price for alloy steel flat-rolled products, of a width 600mm or mores decreased by -6.2% against October 2022 indices. The growth pace was the most rapid in June 2022 when the average import price increased by 78% against the previous month. As a result, import price attained the peak level of $2,862 per ton. From July 2022 to December 2022, the average import prices remained at a lower figure.

Average prices varied somewhat amongst the major supplying countries. In December 2022, the highest price was recorded for prices from Ukraine ($1,767 per ton) and China ($1,703 per ton), while the price for South Korea ($1,387 per ton) and India ($1,611 per ton) were amongst the lowest.

From December 2021 to December 2022, the most notable rate of growth in terms of prices was attained by China (+3.6%), while the prices for the other major suppliers experienced mixed trend patterns.

Price for Alloy Steel Flat-Rolled Products, of A Width 600mm or More in Kuwait (FOB) - 2022

The average export price for alloy steel flat-rolled products, of a width 600mm or mores stood at $857 per ton in 2022, declining by -8.2% against the previous year. Overall, the export price continues to indicate a relatively flat trend pattern. The pace of growth appeared the most rapid in 2014 an increase of 31% against the previous year. Over the period under review, the average export prices attained the maximum at $2,075 per ton in 2016; however, from 2017 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 Egypt ($2,373 per ton), while the average price for exports to India ($150 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 Egypt (+15.9%), while the prices for the other major destinations experienced mixed trend patterns.

Imports of Alloy Steel Flat-Rolled Products, of A Width 600mm or More in Kuwait

Imports of alloy steel flat-rolled products, of a width 600mm or mores into Kuwait dropped remarkably to 13K tons in 2022, which is down by -78.8% on 2021. Over the period under review, imports continue to indicate a sharp curtailment. The smallest decline of -25% was in 2021.

In value terms, imports of alloy steel flat-rolled products, of a width 600mm or mores dropped dramatically to $12M in 2022. In general, imports recorded a sharp descent. The most prominent rate of growth was recorded in 2021 with an increase of 17%.

Top Suppliers of Alloy Steel Flat-Rolled Products, of A Width 600mm or More to Kuwait in 2022:

1. Saudi Arabia (5.9K tons)
2. China (5.8K tons)
3. Ukraine (0.5K tons)

Exports of Alloy Steel Flat-Rolled Products, of A Width 600mm or More in Kuwait

For the fourth year in a row, Kuwait recorded growth in shipments abroad of alloy steel flat-rolled products, of a width 600mm or mores, which increased by 9.5% to 655 tons in 2022. In general, exports posted a significant increase. The most prominent rate of growth was recorded in 2020 when exports increased by 238% against the previous year. The exports peaked in 2022 and are expected to retain growth in years to come.

In value terms, exports of alloy steel flat-rolled products, of a width 600mm or mores reached $561K in 2022. Overall, exports saw significant growth. The pace of growth was the most pronounced in 2020 when exports increased by 293% against the previous year. The exports peaked in 2022 and are likely to see steady growth in the near future.

Top Export Markets for Alloy Steel Flat-Rolled Products, of A Width 600mm or More from Kuwait in 2022:

1. United Arab Emirates (434.7 tons)
2. India (155.5 tons)
3. Bahrain (41.8 tons)
4. Egypt (20.1 tons)

Source: IndexBox Market Intelligence Platform