Kuwait: Market for Iron or Steel Hot-Worked Helical Springs 2025

Market Size for Iron or Steel Hot-Worked Helical Springs in Kuwait

The Kuwaiti metal hot-worked helical spring market soared to $X in 2021, jumping by 81% 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). In general, consumption posted strong growth. Metal hot-worked helical spring consumption peaked in 2021 and is likely to continue growth in the near future.

Exports of Iron or Steel Hot-Worked Helical Springs

Exports from Kuwait

In 2021, the amount of iron or steel hot-worked helical springs exported from Kuwait fell significantly to X kg, dropping by -54.1% against 2020. In general, exports saw a abrupt decline. The most prominent rate of growth was recorded in 2014 when exports increased by 2,726% against the previous year. As a result, the exports reached the peak of X tons. From 2015 to 2021, the growth of the exports remained at a somewhat lower figure.

In value terms, metal hot-worked helical spring exports contracted significantly to $X in 2021. Over the period under review, exports continue to indicate a abrupt curtailment. The growth pace was the most rapid in 2014 with an increase of 1,491% against the previous year. Over the period under review, the exports hit record highs at $X in 2017; however, from 2018 to 2021, the exports stood at a somewhat lower figure.

Exports by Country

Angola (X kg), Qatar (X kg) and Singapore (X kg) were the main destinations of metal hot-worked helical spring exports from Kuwait, with a combined 55% share of total exports.

From 2012 to 2021, the biggest increases were recorded for Singapore (with a CAGR of +22.3%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, the United States ($X) emerged as the key foreign market for iron or steel hot-worked helical springs exports from Kuwait, comprising 44% of total exports. The second position in the ranking was held by Qatar ($X), with a 16% share of total exports. It was followed by Germany, with an 8.3% share.

From 2012 to 2021, the average annual growth rate of value to the United States was relatively modest. Exports to the other major destinations recorded the following average annual rates of exports growth: Qatar (+9.3% per year) and Germany (-1.7% per year).

Export Prices by Country

The average metal hot-worked helical spring export price stood at $X per ton in 2021, dropping by -6.6% against the previous year. Over the period under review, export price indicated a temperate expansion from 2012 to 2021: its price increased at an average annual rate of +3.5% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, metal hot-worked helical spring export price increased by +60.2% against 2019 indices. The growth pace was the most rapid in 2020 when the average export price increased by 72% against the previous year. As a result, the export price attained the peak level of $X per ton, and then dropped in the following year.

There were significant differences in the average prices for the major overseas markets. In 2021, amid the top suppliers, the country with the highest price was the United States ($X per ton), while the average price for exports to Angola ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was recorded for supplies to Iran (+46.6%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Iron or Steel Hot-Worked Helical Springs

Imports into Kuwait

Metal hot-worked helical spring imports into Kuwait skyrocketed to X tons in 2021, with an increase of 118% on the year before. Overall, imports posted resilient growth. The most prominent rate of growth was recorded in 2013 when imports increased by 131% against the previous year. As a result, imports reached the peak of X tons. From 2014 to 2021, the growth of imports failed to regain momentum.

In value terms, metal hot-worked helical spring imports skyrocketed to $X in 2021. In general, imports saw resilient growth. The most prominent rate of growth was recorded in 2018 when imports increased by 130% against the previous year. Over the period under review, imports reached the maximum in 2021 and are expected to retain growth in the near future.

Imports by Country

In 2021, the United Arab Emirates (X tons) constituted the largest supplier of metal hot-worked helical spring to Kuwait, with a 21% share of total imports. Moreover, metal hot-worked helical spring imports from the United Arab Emirates exceeded the figures recorded by the second-largest supplier, China (X tons), twofold. The United States (X tons) ranked third in terms of total imports with an 8.8% share.

From 2012 to 2021, the average annual rate of growth in terms of volume from the United Arab Emirates amounted to +24.8%. The remaining supplying countries recorded the following average annual rates of imports growth: China (+18.3% per year) and the United States (-7.2% per year).

In value terms, the largest metal hot-worked helical spring suppliers to Kuwait were China ($X), Japan ($X) and the United Arab Emirates ($X), with a combined 44% share of total imports.

China, with a CAGR of +38.8%, recorded the highest rates of growth with regard to the value of imports, among the main suppliers over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

The average metal hot-worked helical spring import price stood at $X per ton in 2021, waning by -22.3% against the previous year. Over the period under review, the import price, however, saw a relatively flat trend pattern. The most prominent rate of growth was recorded in 2017 an increase of 50%. The import price peaked at $X per ton in 2020, and then declined dramatically in the following year.

There were significant differences in the average prices amongst the major supplying countries. In 2021, amid the top importers, the country with the highest price was the UK ($X per ton), while the price for the United Arab Emirates ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Saudi Arabia (+18.9%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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