Kuwait - Iron Or Steel Nuts (Including Self-Locking Nuts) - Market Analysis, Forecast, Size, Trends And Insights
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View PricingMetal Self-Locking Nut Price in Kuwait - 2021
Contents:
- Metal Self-Locking Nut Price in Kuwait (CIF) - 2021
- Metal Self-Locking Nut Price in Kuwait (FOB) - 2022
- Metal Self-Locking Nut Imports in Kuwait
- Metal Self-Locking Nut Exports in Kuwait
Metal Self-Locking Nut Price in Kuwait (CIF) - 2021
In December 2021, the average metal self-locking nut import price amounted to $9,550 per ton, picking up by 88% against the previous month. Over the period under review, the import price, however, continues to indicate a abrupt decline. The growth pace was the most rapid in July 2021 an increase of 219% month-to-month. The import price peaked at $44,950 per ton in April 2021; however, from May 2021 to December 2021, import prices remained at a lower figure.
Prices varied noticeably by the country of origin: the country with the highest price was Japan ($83,661 per ton), while the price for China ($2,079 per ton) was amongst the lowest.
From January 2021 to December 2021, the most notable rate of growth in terms of prices was attained by Austria (+9.7%), while the prices for the other major suppliers experienced mixed trend patterns.
Metal Self-Locking Nut Price in Kuwait (FOB) - 2022
The average metal self-locking nut export price stood at $4,195 per ton in 2022, with a decrease of -2.3% against the previous year. In general, the export price saw a relatively flat trend pattern. The most prominent rate of growth was recorded in 2016 when the average export price increased by 62% against the previous year. Over the period under review, the average export prices reached the peak figure at $4,611 per ton in 2012; however, from 2013 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 Saudi Arabia ($17,138 per ton), while the average price for exports to Iraq ($788 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 Ukraine (+37.8%), while the prices for the other major destinations experienced more modest paces of growth.
Metal Self-Locking Nut Imports in Kuwait
In 2022, approx. 954 tons of iron or steel nuts (including self-locking nuts) were imported into Kuwait; picking up by 46% on the year before. Over the period under review, imports, however, recorded a abrupt shrinkage.
In value terms, metal self-locking nut imports rose remarkably to $4.4M in 2022. The total import value increased at an average annual rate of +4.5% over the period from 2019 to 2022; however, the trend pattern remained consistent, with somewhat noticeable fluctuations being recorded throughout the analyzed period. The most prominent rate of growth was recorded in 2020 with an increase of 26% against the previous year. As a result, imports attained the peak of $4.9M. From 2021 to 2022, the growth of imports remained at a somewhat lower figure.
| Import of Metal Self-Locking Nut in Kuwait (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| China | 646 | 835 | 1,089 | 2,396 | 54.8% |
| India | 203 | 332 | 279 | 323 | 16.7% |
| Taiwan (Chinese) | 266 | 209 | 216 | 233 | -4.3% |
| Austria | 155 | 205 | 147 | 151 | -0.9% |
| Japan | 470 | 524 | 807 | 133 | -34.3% |
| Germany | 433 | 417 | 204 | 125 | -33.9% |
| Turkey | 326 | 564 | 180 | 26.3 | -56.8% |
| Others | 1,399 | 1,829 | 1,058 | 1,058 | -8.9% |
| Total | 3,898 | 4,914 | 3,979 | 4,446 | 4.5% |
Top Suppliers of Metal Self-Locking Nut to Kuwait in 2022:
- China (791.2 tons)
- Taiwan (Chinese) (33.3 tons)
- India (31.3 tons)
- Austria (21.1 tons)
- Turkey (4.4 tons)
- Japan (4.3 tons)
- Germany (4.2 tons)
Metal Self-Locking Nut Exports in Kuwait
In 2022, approx. 2.9 tons of iron or steel nuts (including self-locking nuts) were exported from Kuwait; waning by -30.3% on the previous year's figure. Overall, exports recorded a sharp downturn. The pace of growth appeared the most rapid in 2021 when exports increased by 105% against the previous year.
In value terms, metal self-locking nut exports declined dramatically to $12K in 2022. Over the period under review, exports faced a sharp downturn. The pace of growth was the most pronounced in 2021 when exports increased by 177%.
| Export of Metal Self-Locking Nut in Kuwait (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Egypt | 5.0 | 1.1 | 3.0 | 2.1 | -25.1% |
| India | 4.6 | 1.4 | 0.8 | 2.0 | -24.2% |
| Germany | 11.4 | 0.1 | 1.9 | 1.4 | -50.3% |
| Qatar | 3.4 | 0.7 | 1.7 | 1.0 | -33.5% |
| United Arab Emirates | 2.6 | 1.2 | 1.1 | 1.0 | -27.3% |
| Pakistan | 0.6 | 0.3 | 1.4 | 0.8 | 10.1% |
| Thailand | N/A | N/A | 1.1 | 0.7 | -36.4% |
| Iraq | 1.3 | 0.2 | 0.6 | 0.4 | -32.5% |
| Saudi Arabia | 3.7 | 0.1 | 0.3 | 0.4 | -52.4% |
| Others | 4.8 | 1.5 | 6.2 | 2.5 | -19.5% |
| Total | 37.4 | 6.5 | 18.0 | 12.3 | -31.0% |
Top Export Markets for Metal Self-Locking Nut from Kuwait in 2022:
- India (1138.0 kg)
- Iraq (478.0 kg)
- Qatar (445.0 kg)
- Pakistan (305.0 kg)
- Egypt (266.0 kg)
- United Arab Emirates (87.0 kg)
- Thailand (58.0 kg)
- Germany (34.0 kg)
- Saudi Arabia (23.0 kg)
This report provides an in-depth analysis of the metal self-locking nut market 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 25941187 - Iron or steel nuts (including self-locking nuts) (excluding of stainless steel, turned from bars, rods, profiles, or wire, of solid section, of a hole diameter . 6 mm)
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.
-
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
-
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
-
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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