Pig Iron Market in Kuwait
In value terms, pig iron production expanded markedly to $ in estimated in export price. Overall, production recorded a strong increase. The growth pace was the most rapid in 2016 with an increase of %. Over the period under review, production reached the peak level at $ in 2019; however, from to , production stood at a somewhat lower figure.
The revenue of the pig iron market in Kuwait rose notably to $ in , with an increase of % 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). Overall, consumption recorded a resilient increase. Pig iron consumption peaked at $ in 2019; however, from to , consumption failed to regain momentum.