Market for Stainless Steel Seamless Pipe in Kuwait
In value terms, stainless steel seamless pipe production soared to $ in estimated in export price. Over the period under review, production enjoyed a noticeable increase. The pace of growth was the most pronounced in 2018 with an increase of %. As a result, production reached the peak level of $. From 2019 to , production growth remained at a somewhat lower figure.
The revenue of the stainless steel seamless pipe market in Kuwait soared to $ in , growing by % 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, however, continues to indicate a relatively flat trend pattern. Over the period under review, the market attained the peak level at $ in 2019; however, from to , consumption remained at a lower figure.