Price for Steel, Stainless; Flat-Rolled, Width Less than 600mm, Nes in Heading No 7220 in Kuwait - 2022
Contents:
- Price for Steel, Stainless; Flat-Rolled, Width Less than 600mm, Nes in Heading No 7220 in Kuwait (CIF) - 2022
- Price for Steel, Stainless; Flat-Rolled, Width Less than 600mm, Nes in Heading No 7220 in Kuwait (FOB) - 2022
- Imports of Steel, Stainless; Flat-Rolled, Width Less than 600mm, Nes in Heading No 7220 in Kuwait
- Exports of Steel, Stainless; Flat-Rolled, Width Less than 600mm, Nes in Heading No 7220 in Kuwait
Price for Steel, Stainless; Flat-Rolled, Width Less than 600mm, Nes in Heading No 7220 in Kuwait (CIF) - 2022
The average import price for steel, stainless; flat-rolled, width less than 600mm, nes in heading no 7220s stood at $6,675 per ton in 2022, falling by -4.8% against the previous year. Over the period under review, the import price, however, recorded a strong increase. The pace of growth appeared the most rapid in 2013 an increase of 111%. The import price peaked at $7,015 per ton in 2021, and then dropped modestly 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 the Netherlands ($9,793 per ton), while the price for Belgium ($1,241 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Saudi Arabia (+17.4%), while the prices for the other major suppliers experienced more modest paces of growth.
Price for Steel, Stainless; Flat-Rolled, Width Less than 600mm, Nes in Heading No 7220 in Kuwait (FOB) - 2022
The average export price for steel, stainless; flat-rolled, width less than 600mm, nes in heading no 7220s stood at $12,325 per ton in 2022, surging by 13% against the previous year. In general, the export price showed a prominent expansion. The growth pace was the most rapid in 2020 when the average export price increased by 151% against the previous year. The export price peaked in 2022 and is expected to retain growth in the immediate term.
Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Oman ($60,913 per ton), while the average price for exports to Saudi Arabia ($2,851 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 India (+52.6%), while the prices for the other major destinations experienced more modest paces of growth.
Imports of Steel, Stainless; Flat-Rolled, Width Less than 600mm, Nes in Heading No 7220 in Kuwait
In 2022, purchases abroad of steel, stainless; flat-rolled, width less than 600mm, nes in heading no 7220s decreased by -41.3% to 12 tons, falling for the second year in a row after two years of growth. In general, imports showed a precipitous setback. The most prominent rate of growth was recorded in 2020 with an increase of 13% against the previous year. As a result, imports reached the peak of 62 tons. From 2021 to 2022, the growth of imports of remained at a lower figure.
In value terms, imports of steel, stainless; flat-rolled, width less than 600mm, nes in heading no 7220s declined significantly to $80K in 2022. Overall, imports continue to indicate a dramatic decrease. The pace of growth was the most pronounced in 2020 when imports increased by 1.1% against the previous year. As a result, imports attained the peak of $305K. From 2021 to 2022, the growth of imports of failed to regain momentum.
| Import of Steel, Stainless; Flat-Rolled, Width Less than 600mm, Nes in Heading No 7220 in Kuwait (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Saudi Arabia | 18.5 | 42.9 | 40.1 | 22.7 | 7.1% |
| South Korea | 17.0 | 20.9 | 19.6 | 11.1 | -13.2% |
| China | 20.7 | 64.9 | 5.6 | 8.8 | -24.8% |
| Singapore | 6.1 | 14.3 | 13.5 | 8.6 | 12.1% |
| United States | 4.7 | 17.4 | 13.0 | 5.3 | 4.1% |
| Netherlands | 3.4 | 8.5 | 8.4 | 5.1 | 14.5% |
| India | 160 | 56.6 | 5.8 | 1.5 | -78.9% |
| Taiwan (Chinese) | 15.3 | 3.6 | 2.5 | 1.1 | -58.4% |
| Belgium | 25.2 | 28.2 | 6.6 | 0.9 | -67.1% |
| Others | 30.8 | 47.4 | 28.7 | 15.2 | -21.0% |
| Total | 301 | 305 | 144 | 80.3 | -35.6% |
Top Suppliers of Steel, Stainless; Flat-Rolled, Width Less than 600mm, Nes in Heading No 7220 to Kuwait in 2022:
- Saudi Arabia (4.1 tons)
- Singapore (1.6 tons)
- China (1.6 tons)
- South Korea (1.3 tons)
- United States (1.0 tons)
- Belgium (0.8 tons)
- Netherlands (0.5 tons)
- Taiwan (Chinese) (0.4 tons)
- India (0.3 tons)
Exports of Steel, Stainless; Flat-Rolled, Width Less than 600mm, Nes in Heading No 7220 in Kuwait
In 2022, the amount of steel, stainless; flat-rolled, width less than 600mm, nes in heading no 7220s exported from Kuwait soared to 530 kg, growing by 55% on the year before. Overall, exports, however, faced a dramatic slump.
In value terms, exports of steel, stainless; flat-rolled, width less than 600mm, nes in heading no 7220s soared to $6.5K in 2022. Over the period under review, exports enjoyed a significant expansion. The growth pace was the most rapid in 2020 when exports increased by 193%. As a result, the exports attained the peak of $11K. From 2021 to 2022, the growth of the exports of remained at a lower figure.
| Export of Steel, Stainless; Flat-Rolled, Width Less than 600mm, Nes in Heading No 7220 in Kuwait (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| United Arab Emirates | 1.7 | 3.2 | 1.5 | 2.4 | 12.2% |
| Qatar | 0.6 | 1.3 | 0.8 | 1.6 | 38.7% |
| Oman | N/A | 0.7 | 0.7 | 1.4 | 41.4% |
| Saudi Arabia | 1.0 | 1.7 | 0.7 | 1.1 | 3.2% |
| Jordan | N/A | 3.9 | N/A | N/A | 0% |
| Malaysia | 0.3 | N/A | N/A | N/A | 0% |
| Others | N/A | N/A | N/A | N/A | 0% |
| Total | 3.7 | 10.7 | 3.7 | 6.5 | 20.7% |
Top Export Markets for Steel, Stainless; Flat-Rolled, Width Less than 600mm, Nes in Heading No 7220 from Kuwait in 2022:
- Saudi Arabia (395.0 kg)
- United Arab Emirates (68.0 kg)
- Qatar (44.0 kg)
- Oman (23.0 kg)
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