Kuwait - Ribbed Or Other Deformed Wire Rod Of Non-Alloy Steel - Market Analysis, Forecast, Size, Trends And Insights
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View PricingPrice for Deformed Non-Alloy Steel Wire Rod in Kuwait - 2021
Contents:
- Price for Deformed Non-Alloy Steel Wire Rod in Kuwait (CIF) - 2021
- Price for Deformed Non-Alloy Steel Wire Rod in Kuwait (FOB) - 2022
- Imports of Deformed Non-Alloy Steel Wire Rod in Kuwait
- Exports of Deformed Non-Alloy Steel Wire Rod in Kuwait
Price for Deformed Non-Alloy Steel Wire Rod in Kuwait (CIF) - 2021
The average import price for ribbed or other deformed wire rod of non-alloy steel stood at $737 per ton in December 2021, declining by -2.6% against the previous month. Over the last eleven-month period, it increased at an average monthly rate of +3.0%. The most prominent rate of growth was recorded in October 2021 when the average import price increased by 33% m-o-m. Over the period under review, average import prices attained the peak figure at $757 per ton in November 2021, and then fell modestly in the following month.
As there is only one major supplying country, the average price level is determined by prices for Saudi Arabia.
From January 2021 to December 2021, the rate of growth in terms of prices for Saudi Arabia amounted to +3.0% per month.
Price for Deformed Non-Alloy Steel Wire Rod in Kuwait (FOB) - 2022
In 2022, the average export price for ribbed or other deformed wire rod of non-alloy steel amounted to $265 per ton, shrinking by -2% against the previous year. Overall, the export price saw a drastic downturn. The growth pace was the most rapid in 2021 an increase of 40% against the previous year. The export price peaked at $587 per ton in 2014; however, from 2015 to 2022, the export prices stood at a somewhat lower figure.
There were significant differences in the average prices for the major overseas markets. In 2022, amid the top suppliers, the country with the highest price was Saudi Arabia ($1,800 per ton), while the average price for exports to India stood at $241 per ton.
From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Saudi Arabia (+11.2%).
Imports of Deformed Non-Alloy Steel Wire Rod in Kuwait
Deformed non-alloy steel wire rod imports into Kuwait shrank rapidly to 51K tons in 2022, reducing by -47.7% compared with 2021. Overall, imports, however, recorded strong growth. The most prominent rate of growth was recorded in 2021 when imports increased by 1,567% against the previous year. As a result, imports reached the peak of 97K tons, and then dropped notably in the following year.
In value terms, deformed non-alloy steel wire rod imports shrank sharply to $30M in 2022. In general, imports, however, enjoyed a prominent increase. The growth pace was the most rapid in 2021 when imports increased by 1,806%. As a result, imports reached the peak of $57M, and then shrank significantly in the following year.
Import of Deformed Non-Alloy Steel Wire Rod in Kuwait (Million USD) | |||||
---|---|---|---|---|---|
COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
Saudi Arabia | 15.5 | 2.7 | 53.2 | 29.6 | 24.1% |
United Arab Emirates | 4.0 | 0.2 | 1.2 | 0.1 | -70.8% |
Iran | 4.3 | N/A | 0.7 | 0.1 | -71.5% |
Others | 1.8 | 0.1 | 1.4 | N/A | -11.8% |
Total | 25.6 | 3.0 | 56.6 | 29.8 | 5.2% |
Top Suppliers of Deformed Non-Alloy Steel Wire Rod to Kuwait in 2022:
- Saudi Arabia (50.3K tons)
- Iran (0.2K tons)
- United Arab Emirates (0.1K tons)
Exports of Deformed Non-Alloy Steel Wire Rod in Kuwait
Deformed non-alloy steel wire rod exports from Kuwait fell markedly to 46 tons in 2022, waning by -46.3% on the previous year. In general, exports, however, enjoyed a significant expansion. The growth pace was the most rapid in 2021 when exports increased by 1,256%. As a result, the exports attained the peak of 86 tons, and then fell dramatically in the following year.
In value terms, deformed non-alloy steel wire rod exports contracted notably to $12K in 2022. Overall, exports, however, saw a significant increase. The pace of growth appeared the most rapid in 2021 with an increase of 1,796%. As a result, the exports reached the peak of $23K, and then fell remarkably in the following year.
Export of Deformed Non-Alloy Steel Wire Rod in Kuwait (Thousand USD) | |||||
---|---|---|---|---|---|
COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
India | 1.7 | 1.1 | 20.0 | 11.0 | 86.3% |
Saudi Arabia | 0.1 | 0.1 | 2.1 | 1.3 | 135.1% |
Others | 0.3 | N/A | 1.1 | N/A | 91.5% |
Total | 2.1 | 1.2 | 23.2 | 12.2 | 79.8% |
Top Export Markets for Deformed Non-Alloy Steel Wire Rod from Kuwait in 2022:
- India (45.5 tons)
- Saudi Arabia (0.7 tons)
This report provides an in-depth analysis of the market for deformed non-alloy steel wire rod in Kuwait. Within it, you will discover the latest data on market trends and opportunities by country, consumption, production and price developments, as well as the global trade (imports and exports). The forecast exhibits the market prospects through 2030.
Product coverage:
- Prodcom 24106110 - Ribbed or other deformed wire rod (of non-alloy steel)
Country coverage:
- Kuwait
Data coverage:
- Market volume and value
- Per Capita consumption
- Forecast of the market dynamics in the medium term
- Trade (exports and imports) in Kuwait
- Export and import prices
- Market trends, drivers and restraints
- Key market players and their profiles
Reasons to buy this report:
- Take advantage of the latest data
- Find deeper insights into current market developments
- Discover vital success factors affecting the market
This report is designed for manufacturers, distributors, importers, and wholesalers, as well as for investors, consultants and advisors.
In this report, you can find information that helps you to make informed decisions on the following issues:
- How to diversify your business and benefit from new market opportunities
- How to load your idle production capacity
- How to boost your sales on overseas markets
- How to increase your profit margins
- How to make your supply chain more sustainable
- How to reduce your production and supply chain costs
- How to outsource production to other countries
- How to prepare your business for global expansion
While doing this research, we combine the accumulated expertise of our analysts and the capabilities of artificial intelligence. The AI-based platform, developed by our data scientists, constitutes the key working tool for business analysts, empowering them to discover deep insights and ideas from the marketing data.
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1. INTRODUCTION
Making Data-Driven Decisions to Grow Your Business
- REPORT DESCRIPTION
- RESEARCH METHODOLOGY AND AI PLATFORM
- DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
- GLOSSARY AND SPECIFIC TERMS
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2. EXECUTIVE SUMMARY
A Quick Overview of Market Performance
- KEY FINDINGS
- MARKET TRENDS This Chapter is Available Only for the Professional Edition PRO
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3. MARKET OVERVIEW
Understanding the Current State of The Market and Its Prospects
- MARKET SIZE
- MARKET STRUCTURE
- TRADE BALANCE
- PER CAPITA CONSUMPTION
- MARKET FORECAST TO 2030
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4. MOST PROMISING PRODUCT
Finding New Products to Diversify Your Business
This Chapter is Available Only for the Professional Edition PRO- TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
- BEST-SELLING PRODUCTS
- MOST CONSUMED PRODUCT
- MOST TRADED PRODUCT
- MOST PROFITABLE PRODUCT FOR EXPORT
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5. MOST PROMISING SUPPLYING COUNTRIES
Choosing the Best Countries to Establish Your Sustainable Supply Chain
This Chapter is Available Only for the Professional Edition PRO- TOP COUNTRIES TO SOURCE YOUR PRODUCT
- TOP PRODUCING COUNTRIES
- TOP EXPORTING COUNTRIES
- LOW-COST EXPORTING COUNTRIES
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6. MOST PROMISING OVERSEAS MARKETS
Choosing the Best Countries to Boost Your Exports
This Chapter is Available Only for the Professional Edition PRO- TOP OVERSEAS MARKETS FOR EXPORTING YOUR PRODUCT
- TOP CONSUMING MARKETS
- UNSATURATED MARKETS
- TOP IMPORTING MARKETS
- MOST PROFITABLE MARKETS
7. PRODUCTION
The Latest Trends and Insights into The Industry
- PRODUCTION VOLUME AND VALUE
8. IMPORTS
The Largest Import Supplying Countries
- IMPORTS FROM 2012–2023
- IMPORTS BY COUNTRY
- IMPORT PRICES BY COUNTRY
9. EXPORTS
The Largest Destinations for Exports
- EXPORTS FROM 2012–2023
- EXPORTS BY COUNTRY
- EXPORT PRICES BY COUNTRY
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10. PROFILES OF MAJOR PRODUCERS
The Largest Producers on The Market and Their Profiles
This Chapter is Available Only for the Professional Edition PRO -
LIST OF TABLES
- Key Findings In 2023
- Market Volume, In Physical Terms, 2012–2023
- Market Value, 2012–2023
- Per Capita Consumption In 2012-2023
- Imports, In Physical Terms, By Country, 2012–2023
- Imports, In Value Terms, By Country, 2012–2023
- Import Prices, By Country Of Origin, 2012–2023
- Exports, In Physical Terms, By Country, 2012–2023
- Exports, In Value Terms, By Country, 2012–2023
- Export Prices, By Country Of Destination, 2012–2023
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LIST OF FIGURES
- Market Volume, In Physical Terms, 2012–2023
- Market Value, 2012–2023
- Market Structure – Domestic Supply vs. Imports, In Physical Terms, 2012-2023
- Market Structure – Domestic Supply vs. Imports, In Value Terms, 2012-2023
- Trade Balance, In Physical Terms, 2012-2023
- Trade Balance, In Value Terms, 2012-2023
- Per Capita Consumption, 2012-2023
- Market Volume Forecast to 2030
- Market Value Forecast to 2030
- Products: Market Size And Growth, By Type
- Products: Average Per Capita Consumption, By Type
- Products: Exports And Growth, By Type
- Products: Export Prices And Growth, By Type
- Production Volume And Growth
- Exports And Growth
- Export Prices And Growth
- Market Size And Growth
- Per Capita Consumption
- Imports And Growth
- Import Prices
- Production, In Physical Terms, 2012–2023
- Production, In Value Terms, 2012–2023
- Imports, In Physical Terms, 2012–2023
- Imports, In Value Terms, 2012–2023
- Imports, In Physical Terms, By Country, 2023
- Imports, In Physical Terms, By Country, 2012–2023
- Imports, In Value Terms, By Country, 2012–2023
- Import Prices, By Country Of Origin, 2012–2023
- Exports, In Physical Terms, 2012–2023
- Exports, In Value Terms, 2012–2023
- Exports, In Physical Terms, By Country, 2023
- Exports, In Physical Terms, By Country, 2012–2023
- Exports, In Value Terms, By Country, 2012–2023
- Export Prices, By Country Of Destination, 2012–2023
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