Kuwait: Market for Welded And Cold-Formed Sections Of Steel 2025

Market Size for Welded And Cold-Formed Sections Of Steel in Kuwait

After two years of decline, the Kuwaiti market for welded and cold-formed sections of steel increased by 62% to $X in 2022. In general, consumption, however, continues to indicate a perceptible contraction. Over the period under review, the market hit record highs at $X in 2019; however, from 2020 to 2022, consumption stood at a somewhat lower figure.

Exports of Welded And Cold-Formed Sections Of Steel

Exports from Kuwait

In 2022, after two years of growth, there was significant decline in shipments abroad of welded and cold-formed sections of steel, when their volume decreased by -5.8% to X tons. Overall, exports, however, continue to indicate a mild expansion. The growth pace was the most rapid in 2016 with an increase of 182% against the previous year. The exports peaked at X tons in 2017; however, from 2018 to 2022, the exports stood at a somewhat lower figure.

In value terms, welded and cold-formed steel sections exports contracted to $X in 2022. In general, exports, however, saw prominent growth. The growth pace was the most rapid in 2016 when exports increased by 117% against the previous year. The exports peaked at $X in 2017; however, from 2018 to 2022, the exports failed to regain momentum.

Exports by Country

Bahrain (X tons) was the main destination for welded and cold-formed steel sections exports from Kuwait, accounting for a approx. 97% share of total exports.

From 2012 to 2022, the average annual rate of growth in terms of volume to Bahrain amounted to +69.7%.

In value terms, Bahrain ($X) emerged as the key foreign market for welded and cold-formed sections of steel exports from Kuwait.

From 2012 to 2022, the average annual growth rate of value to Bahrain totaled +75.0%.

Export Prices by Country

In 2022, the average export price for welded and cold-formed sections of steel amounted to $X per ton, falling by -4.4% against the previous year. In general, the export price, however, continues to indicate strong growth. The pace of growth was the most pronounced in 2018 an increase of 56%. The export price peaked at $X per ton in 2021, and then fell in the following year.

As there is only one major export destination, the average price level is determined by prices for Bahrain.

From 2012 to 2022, the rate of growth in terms of prices for Jordan amounted to +104.7% per year.

Imports of Welded And Cold-Formed Sections Of Steel

Imports into Kuwait

In 2022, purchases abroad of welded and cold-formed sections of steel was finally on the rise to reach X tons after three years of decline. Overall, imports, however, showed a mild downturn. The most prominent rate of growth was recorded in 2014 with an increase of 342%. Imports peaked at X tons in 2018; however, from 2019 to 2022, imports failed to regain momentum.

In value terms, welded and cold-formed steel sections imports surged to $X in 2022. In general, imports recorded a moderate expansion. The pace of growth was the most pronounced in 2013 with an increase of 152% against the previous year. Over the period under review, imports attained the peak figure at $X in 2018; however, from 2019 to 2022, imports failed to regain momentum.

Imports by Country

In 2022, Bahrain (X tons) constituted the largest supplier of welded and cold-formed steel sections to Kuwait, accounting for a 49% share of total imports. Moreover, welded and cold-formed steel sections imports from Bahrain exceeded the figures recorded by the second-largest supplier, India (X tons), threefold. Spain (X tons) ranked third in terms of total imports with a 10% share.

From 2012 to 2022, the average annual rate of growth in terms of volume from Bahrain totaled +15.7%. The remaining supplying countries recorded the following average annual rates of imports growth: India (+3.1% per year) and Spain (+165.6% per year).

In value terms, the largest welded and cold-formed steel sections suppliers to Kuwait were India ($X), Spain ($X) and Bahrain ($X), with a combined 67% share of total imports.

Among the main suppliers, Spain, with a CAGR of +137.4%, recorded the highest rates of growth with regard to the value of imports, 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 welded and cold-formed sections of steel stood at $X per ton in 2022, falling by -10.6% against the previous year. Overall, the import price, however, saw a strong increase. The pace of growth appeared the most rapid in 2013 an increase of 218%. As a result, import price attained the peak level of $X per ton. From 2014 to 2022, the average import prices remained at a lower figure.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Spain ($X per ton), while the price for Bahrain ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by India (+5.2%), while the prices for the other major suppliers experienced mixed trend patterns.

Source: IndexBox Platform

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