Price for Steel, Alloy; Flat-Rolled, Width 600mm or More, of Silicon-Electrical Steel, Grain-Oriented in Kuwait - 2022
Contents:
- Price for Steel, Alloy; Flat-Rolled, Width 600mm or More, of Silicon-Electrical Steel, Grain-Oriented in Kuwait (CIF) - 2022
- Imports of Steel, Alloy; Flat-Rolled, Width 600mm or More, of Silicon-Electrical Steel, Grain-Oriented in Kuwait
Price for Steel, Alloy; Flat-Rolled, Width 600mm or More, of Silicon-Electrical Steel, Grain-Oriented in Kuwait (CIF) - 2022
The average import price for steel, alloy stood at $3,298 per ton in October 2022, approximately reflecting the previous month. Overall, the import price continues to indicate a relatively flat trend pattern. The import price peaked in October 2022.
As there is only one major supplying country, the average price level is determined by prices for China.
From June 2022 to October 2022, the rate of growth in terms of prices for China amounted to 0.0% per month.
Imports of Steel, Alloy; Flat-Rolled, Width 600mm or More, of Silicon-Electrical Steel, Grain-Oriented in Kuwait
For the fourth year in a row, Kuwait recorded growth in supplies from abroad of steel, alloy, which increased by 85% to 543 tons in 2022. In general, imports posted a significant expansion. The pace of growth was the most pronounced in 2021 when imports increased by 607% against the previous year. Over the period under review, imports of attained the peak figure in 2022 and are likely to continue growth in the near future.
In value terms, imports of steel, alloy surged to $1.8M in 2022. Overall, imports saw significant growth. The most prominent rate of growth was recorded in 2021 when imports increased by 1,190% against the previous year. Over the period under review, imports of attained the maximum in 2022 and are expected to retain growth in the near future.
| Import of Steel, Alloy; Flat-Rolled, Width 600mm or More, of Silicon-Electrical Steel, Grain-Oriented in Kuwait (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| China | 71.0 | 61.0 | 908 | 1,741 | 190.5% |
| United States | 4.8 | 9.1 | 6.2 | 33.2 | 90.5% |
| Germany | 3.5 | 2.2 | 18.2 | 17.7 | 71.6% |
| Others | N/A | N/A | N/A | N/A | 0% |
| Total | 79.2 | 72.3 | 932 | 1,792 | 182.8% |
Top Suppliers of Steel, Alloy; Flat-Rolled, Width 600mm or More, of Silicon-Electrical Steel, Grain-Oriented to Kuwait in 2022:
- China (511.2 tons)
- United States (18.5 tons)
- Germany (13.7 tons)
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