Price for Agriculture or Forestry Hand Tools in Kuwait - 2021
Contents:
- Price for Agriculture or Forestry Hand Tools in Kuwait (CIF) - 2022
- Price for Agriculture or Forestry Hand Tools in Kuwait (FOB) - 2022
- Imports of Agriculture or Forestry Hand Tools in Kuwait
- Exports of Agriculture or Forestry Hand Tools in Kuwait
Price for Agriculture or Forestry Hand Tools in Kuwait (CIF) - 2022
In 2022, the average import price for agriculture or forestry hand toolses amounted to $2,704 per ton, rising by 14% against the previous year. In general, import price indicated perceptible growth from 2012 to 2022: its price increased at an average annual rate of +2.1% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, agriculture or forestry hand tools import price decreased by -15.5% against 2020 indices. The pace of growth appeared the most rapid in 2020 an increase of 98% against the previous year. As a result, import price attained the peak level of $3,201 per ton. From 2021 to 2022, the average import prices remained at a lower figure.
There were significant differences in the average prices amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was the United Arab Emirates ($13,990 per ton), while the price for China ($1,592 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by the United Arab Emirates (+18.2%), while the prices for the other major suppliers experienced more modest paces of growth.
Price for Agriculture or Forestry Hand Tools in Kuwait (FOB) - 2022
The average export price for agriculture or forestry hand toolses stood at $5,638 per ton in 2022, shrinking by -28.4% against the previous year. In general, the export price continues to indicate a noticeable downturn. The pace of growth appeared the most rapid in 2021 an increase of 53% against the previous year. As a result, the export price reached the peak level of $7,870 per ton, and then dropped dramatically in the following year.
There were significant differences in the average prices for the major foreign markets. In 2022, amid the top suppliers, the country with the highest price was the United States ($21,983 per ton), while the average price for exports to Lebanon ($3,441 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Saudi Arabia (+14.4%), while the prices for the other major destinations experienced more modest paces of growth.
Imports of Agriculture or Forestry Hand Tools in Kuwait
In 2022, agriculture or forestry hand tools imports into Kuwait dropped markedly to 348 tons, which is down by -30.9% on the previous year. Overall, imports continue to indicate a deep reduction. The most prominent rate of growth was recorded in 2021 when imports increased by 135% against the previous year.
In value terms, agriculture or forestry hand tools imports fell dramatically to $941K in 2022. In general, imports showed a relatively flat trend pattern. The pace of growth was the most pronounced in 2021 when imports increased by 74% against the previous year. As a result, imports reached the peak of $1.2M, and then reduced sharply in the following year.
| Import of Agriculture or Forestry Hand Tools in Kuwait (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| China | 656 | 355 | 682 | 498 | -8.8% |
| Taiwan (Chinese) | 78.6 | 28.0 | 143 | 89.3 | 4.3% |
| United Arab Emirates | 60.1 | 163 | 14.7 | 70.5 | 5.5% |
| Japan | 4.0 | 4.4 | 2.2 | 64.7 | 152.9% |
| Others | 157 | 137 | 352 | 219 | 11.7% |
| Total | 955 | 687 | 1,195 | 941 | -0.5% |
Top Suppliers of Agriculture or Forestry Hand Tools to Kuwait in 2022:
- China (312.5 tons)
- Taiwan (Chinese) (9.9 tons)
- Japan (7.4 tons)
- United Arab Emirates (5.0 tons)
Exports of Agriculture or Forestry Hand Tools in Kuwait
In 2022, after two years of decline, there was significant growth in overseas shipments of agriculture or forestry hand toolses, when their volume increased by 229% to 864 kg. Over the period under review, exports, however, saw a dramatic contraction.
In value terms, agriculture or forestry hand tools exports skyrocketed to $4.9K in 2022. Overall, exports, however, recorded a dramatic decrease.
| Export of Agriculture or Forestry Hand Tools in Kuwait (USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Lebanon | 3,110 | 2,062 | 655 | 1,518 | -21.3% |
| Saudi Arabia | 4,375 | 2,438 | 651 | 1,269 | -33.8% |
| United Arab Emirates | 3,313 | 949 | 52.0 | 507 | -46.5% |
| India | 1,026 | 680 | 216 | 501 | -21.3% |
| United States | 804 | 504 | 151 | 331 | -25.6% |
| Bahrain | 595 | 97.0 | 91.0 | 177 | -33.2% |
| Iran | 258 | 58.0 | 62.0 | 120 | -22.5% |
| Jordan | 426 | 129 | 10.0 | 69.0 | -45.5% |
| Others | 3,658 | 762 | 178 | 380 | -53.0% |
| Total | 17,565 | 7,679 | 2,066 | 4,872 | -34.8% |
Top Export Markets for Agriculture or Forestry Hand Tools from Kuwait in 2022:
- Lebanon (441.0 kg)
- Saudi Arabia (161.0 kg)
- India (107.0 kg)
- United Arab Emirates (59.0 kg)
- Iran (32.0 kg)
- Bahrain (20.0 kg)
- United States (15.0 kg)
- Jordan (14.0 kg)
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