Kuwait: Market for Iron or Steel Flat Spiral or Discs Springs 2025

Market Size for Iron or Steel Flat Spiral or Discs Springs in Kuwait

After two years of decline, the Kuwaiti market for iron or steel flat spiral or discs springs increased by 88% to $X in 2021. In general, consumption showed a relatively flat trend pattern. Over the period under review, the market reached the maximum level at $X in 2014; however, from 2015 to 2021, consumption remained at a lower figure.

Exports of Iron or Steel Flat Spiral or Discs Springs

Exports from Kuwait

In 2021, the amount of iron or steel flat spiral or discs springs exported from Kuwait shrank remarkably to X kg, declining by -52.1% against 2020 figures. Overall, exports recorded a abrupt shrinkage. The pace of growth was the most pronounced in 2017 with an increase of 1,193% against the previous year. As a result, the exports attained the peak of X tons. From 2018 to 2021, the growth of the exports failed to regain momentum.

In value terms, metal spiral or discs spring exports fell dramatically to $X in 2021. Over the period under review, exports continue to indicate a deep slump. The growth pace was the most rapid in 2016 with an increase of 452% against the previous year. The exports peaked at $X in 2017; however, from 2018 to 2021, the exports remained at a lower figure.

Exports by Country

Saudi Arabia (X kg), Oman (X kg) and Ghana (X kg) were the main destinations of metal spiral or discs spring exports from Kuwait, with a combined 68% share of total exports.

From 2012 to 2021, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by Saudi Arabia (with a CAGR of +17.8%), while the other leaders experienced mixed trend patterns.

In value terms, the largest markets for metal spiral or discs spring exported from Kuwait were the Netherlands ($X), Saudi Arabia ($X) and the United Arab Emirates ($X), together comprising 68% of total exports.

Saudi Arabia, with a CAGR of +23.5%, saw the highest rates of growth with regard to the value of exports, among the main countries of destination over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

The average export price for iron or steel flat spiral or discs springs stood at $X per ton in 2021, dropping by -29.7% against the previous year. In general, the export price, however, recorded resilient growth. The pace of growth was the most pronounced in 2015 an increase of 107%. Over the period under review, the average export prices hit record highs at $X per ton in 2020, and then fell rapidly in the following year.

Prices varied noticeably country of destination: the country with the highest price was the Netherlands ($X per ton), while the average price for exports to Sudan ($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 Qatar (+714.9%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Iron or Steel Flat Spiral or Discs Springs

Imports into Kuwait

In 2021, purchases abroad of iron or steel flat spiral or discs springs was finally on the rise to reach X tons for the first time since 2018, thus ending a two-year declining trend. Overall, imports, however, showed a noticeable descent. Over the period under review, imports reached the peak figure at X tons in 2018; however, from 2019 to 2021, imports remained at a lower figure.

In value terms, metal spiral or discs spring imports surged to $X in 2021. In general, imports showed notable growth. The pace of growth was the most pronounced in 2013 when imports increased by 95%. Over the period under review, imports reached the maximum at $X in 2014; however, from 2015 to 2021, imports failed to regain momentum.

Imports by Country

The United Arab Emirates (X tons), India (X tons) and China (X tons) were the main suppliers of metal spiral or discs spring imports to Kuwait, with a combined 71% share of total imports. These countries were followed by Germany, the Netherlands, the UK, Iran, Hungary and the United States, which together accounted for a further 11%.

From 2012 to 2021, the biggest increases were recorded for Hungary (with a CAGR of +25.1%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, the United Arab Emirates ($X), India ($X) and Germany ($X) were the largest metal spiral or discs spring suppliers to Kuwait, together comprising 42% of total imports. Hungary, the United States, the Netherlands, China, the UK and Iran lagged somewhat behind, together accounting for a further 18%.

Hungary, with a CAGR of +30.7%, 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

The average import price for iron or steel flat spiral or discs springs stood at $X per ton in 2021, surging by 13% against the previous year. Over the period from 2012 to 2021, it increased at an average annual rate of +5.1%. The most prominent rate of growth was recorded in 2013 an increase of 32%. The import price peaked at $X per ton in 2014; however, from 2015 to 2021, import prices failed to regain momentum.

There were significant differences in the average prices amongst the major supplying countries. In 2021, the country with the highest price was the United States ($X per ton), while the price for China ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Iran (+17.7%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :