Price for Iron or Non-Alloy Steel; Bars and Rods, Hot-Rolled, in Irregularly Wound Coils in Kuwait - 2022
Contents:
- Price for Iron or Non-Alloy Steel; Bars and Rods, Hot-Rolled, in Irregularly Wound Coils in Kuwait (FOB) - 2022
- Exports of Iron or Non-Alloy Steel; Bars and Rods, Hot-Rolled, in Irregularly Wound Coils in Kuwait
Price for Iron or Non-Alloy Steel; Bars and Rods, Hot-Rolled, in Irregularly Wound Coils in Kuwait (FOB) - 2022
The average export price for iron or non-alloy steel; bars and rods, hot-rolled, in irregularly wound coilses stood at $238 per ton in 2022, rising by 3.2% against the previous year. Overall, the export price, however, showed a deep setback. The most prominent rate of growth was recorded in 2018 when the average export price increased by 51%. As a result, the export price attained the peak level of $1,143 per ton. From 2019 to 2022, the average export prices remained at a somewhat lower figure.
There were significant differences in the average prices for the major foreign markets. In 2022, amid the top suppliers, the country with the highest price was Oman ($445 per ton), while the average price for exports to India ($73 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 (-8.1%), while the prices for the other major destinations experienced a decline.
Exports of Iron or Non-Alloy Steel; Bars and Rods, Hot-Rolled, in Irregularly Wound Coils in Kuwait
In 2022, overseas shipments of iron or non-alloy steel; bars and rods, hot-rolled, in irregularly wound coilses decreased by -36.9% to 287 tons for the first time since 2018, thus ending a three-year rising trend. Overall, exports, however, saw significant growth. The pace of growth appeared the most rapid in 2021 with an increase of 283%. As a result, the exports reached the peak of 455 tons, and then dropped rapidly in the following year.
In value terms, exports of iron or non-alloy steel; bars and rods, hot-rolled, in irregularly wound coilses reduced rapidly to $68K in 2022. In general, exports, however, saw a significant expansion. The most prominent rate of growth was recorded in 2021 when exports increased by 232% against the previous year. As a result, the exports reached the peak of $105K, and then shrank rapidly in the following year.
| Export of Iron or Non-Alloy Steel; Bars and Rods, Hot-Rolled, in Irregularly Wound Coils in Kuwait (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Oman | 23.8 | 25.1 | 84.2 | 56.0 | 33.0% |
| India | 5.1 | 5.1 | 16.2 | 10.2 | 26.0% |
| United Arab Emirates | 0.9 | 0.9 | 2.7 | 1.6 | 21.1% |
| Pakistan | 1.1 | 0.5 | 1.1 | 0.5 | -23.1% |
| Others | 0.1 | 0.1 | 0.9 | N/A | 200.0% |
| Total | 31.0 | 31.6 | 105 | 68.3 | 30.1% |
Top Export Markets for Iron or Non-Alloy Steel; Bars and Rods, Hot-Rolled, in Irregularly Wound Coils from Kuwait in 2022:
- India (138.9 tons)
- Oman (125.8 tons)
- United Arab Emirates (17.8 tons)
- Pakistan (4.1 tons)
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