Kuwait: Non-Alloy Steel H-Sections Market 2025

Non-Alloy Steel H-Sections Market Size in Kuwait

The Kuwaiti non-alloy steel h-sections market contracted to $X in 2022, reducing by -14.5% against the previous year. This figure reflects the total revenues of producers and importers (excluding logistics costs, retail marketing costs, and retailers' margins, which will be included in the final consumer price). Over the period under review, consumption showed a abrupt decrease. Over the period under review, the market reached the peak level at $X in 2013; however, from 2014 to 2022, consumption stood at a somewhat lower figure.

Non-Alloy Steel H-Sections Exports

Exports from Kuwait

In 2022, after two years of growth, there was significant decline in overseas shipments of h-sections of of non-alloy steel, when their volume decreased by -35.2% to X tons. Over the period under review, exports, however, showed modest growth. The pace of growth appeared the most rapid in 2021 when exports increased by 241% against the previous year. As a result, the exports attained the peak of X tons, and then contracted notably in the following year.

In value terms, non-alloy steel h-sections exports contracted notably to $X in 2022. Overall, exports continue to indicate a deep setback. The growth pace was the most rapid in 2021 when exports increased by 256% against the previous year. Over the period under review, the exports attained the peak figure at $X in 2012; however, from 2013 to 2022, the exports remained at a lower figure.

Exports by Country

Saudi Arabia (X tons) was the main destination for non-alloy steel h-sections exports from Kuwait, with a 86% share of total exports. Moreover, non-alloy steel h-sections exports to Saudi Arabia exceeded the volume sent to the second major destination, Pakistan (X tons), sevenfold.

From 2012 to 2022, the average annual rate of growth in terms of volume to Saudi Arabia amounted to +20.2%. Exports to the other major destinations recorded the following average annual rates of exports growth: Pakistan (-3.5% per year) and the United Arab Emirates (-37.4% per year).

In value terms, Saudi Arabia ($X) remains the key foreign market for h-sections of of non-alloy steel exports from Kuwait, comprising 91% of total exports. The second position in the ranking was held by Pakistan ($X), with a 9.1% share of total exports.

From 2012 to 2022, the average annual rate of growth in terms of value to Saudi Arabia amounted to +12.0%. Exports to the other major destinations recorded the following average annual rates of exports growth: Pakistan (-9.2% per year) and the United Arab Emirates (-46.0% per year).

Export Prices by Country

The average non-alloy steel h-sections export price stood at $X per ton in 2022, leveling off at the previous year. Overall, the export price showed a abrupt curtailment. The pace of growth appeared the most rapid in 2020 when the average export price increased by 41%. The export price peaked at $X per ton in 2017; however, from 2018 to 2022, the export prices failed to regain momentum.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Saudi Arabia ($X per ton), while the average price for exports to the United Arab Emirates ($X 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 Pakistan (-5.9%), while the prices for the other major destinations experienced a decline.

Non-Alloy Steel H-Sections Imports

Imports into Kuwait

In 2022, approx. X tons of h-sections of of non-alloy steel were imported into Kuwait; with a decrease of -4.3% against 2021. In general, imports continue to indicate a deep reduction. The growth pace was the most rapid in 2017 with an increase of 46%. Over the period under review, imports hit record highs at X tons in 2013; however, from 2014 to 2022, imports remained at a lower figure.

In value terms, non-alloy steel h-sections imports dropped sharply to $X in 2022. Over the period under review, imports continue to indicate a abrupt setback. The pace of growth appeared the most rapid in 2021 when imports increased by 59% against the previous year. Imports peaked at $X in 2013; however, from 2014 to 2022, imports remained at a lower figure.

Imports by Country

The United Arab Emirates (X tons), Bahrain (X tons) and South Korea (X tons) were the main suppliers of non-alloy steel h-sections imports to Kuwait, together comprising 80% of total imports.

From 2012 to 2022, the biggest increases were recorded for the United Arab Emirates (with a CAGR of +47.9%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, the largest non-alloy steel h-sections suppliers to Kuwait were the United Arab Emirates ($X), Bahrain ($X) and South Korea ($X), with a combined 78% share of total imports.

The United Arab Emirates, with a CAGR of +47.4%, saw the highest rates of growth with regard to the value of imports, in terms of the main suppliers over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

In 2022, the average non-alloy steel h-sections import price amounted to $X per ton, declining by -14.8% against the previous year. Overall, the import price recorded a relatively flat trend pattern. The pace of growth was the most pronounced in 2021 when the average import price increased by 45%. As a result, import price attained the peak level of $X per ton, and then declined in the following year.

Average prices varied noticeably amongst the major supplying countries. In 2022, amid the top importers, the countries with the highest prices were South Africa ($X per ton) and Bahrain ($X per ton), while the price for South Korea ($X per ton) and Turkey ($X per ton) were amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by China (+1.5%), while the prices for the other major suppliers experienced mixed trend patterns.

Source: IndexBox Platform

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