Price for Article of Natural Cork in Kuwait - 2021

Contents:

1. Price for Article of Natural Cork in Kuwait (CIF) - 2022
2. Price for Article of Natural Cork in Kuwait (FOB) - 2022
3. Imports of Article of Natural Cork in Kuwait
4. Exports of Article of Natural Cork in Kuwait

Price for Article of Natural Cork in Kuwait (CIF) - 2022

In 2022, the average article of natural cork import price amounted to $6,891 per ton, waning by -11.3% against the previous year. Overall, the import price saw a pronounced curtailment. The most prominent rate of growth was recorded in 2017 an increase of 96% against the previous year. The import price peaked at $12,863 per ton in 2015; however, from 2016 to 2022, 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 States ($33,477 per ton), while the price for Egypt ($2,527 per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Jordan (+5.9%), while the prices for the other major suppliers experienced more modest paces of growth.

Price for Article of Natural Cork in Kuwait (FOB) - 2022

In 2022, the average article of natural cork export price amounted to $8,995 per ton, picking up by 71% against the previous year. Over the period under review, the export price, however, recorded a abrupt setback. The export price peaked at $19,003 per ton in 2012; however, from 2013 to 2022, the export prices failed to regain momentum.

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 Saudi Arabia ($29,575 per ton), while the average price for exports to Bahrain ($1,472 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 (+3.8%), while the prices for the other major destinations experienced mixed trend patterns.

Imports of Article of Natural Cork in Kuwait

After three years of growth, overseas purchases of articles of natural cork decreased by -22.2% to 40 tons in 2022. Overall, imports, however, recorded a significant expansion. The growth pace was the most rapid in 2020 with an increase of 140%.

In value terms, article of natural cork imports reduced remarkably to $276K in 2022. In general, imports, however, posted a significant increase. The most prominent rate of growth was recorded in 2021 when imports increased by 164%. As a result, imports attained the peak of $401K, and then declined significantly in the following year.

Top Suppliers of Article of Natural Cork to Kuwait in 2022:

1. Saudi Arabia (11.9 tons)
2. China (9.6 tons)
3. India (4.6 tons)
4. Taiwan (Chinese) (4.0 tons)
5. United States (2.0 tons)
6. Germany (1.3 tons)
7. Iran (1.2 tons)
8. Egypt (0.9 tons)

Exports of Article of Natural Cork in Kuwait

In 2022, article of natural cork exports from Kuwait dropped sharply to 336 kg, with a decrease of -26.5% compared with the year before. Over the period under review, exports saw a sharp curtailment. The most prominent rate of growth was recorded in 2021 when exports increased by 27% against the previous year.

In value terms, article of natural cork exports surged to $3K in 2022. Overall, exports continue to indicate a deep slump.

Top Export Markets for Article of Natural Cork from Kuwait in 2022:

1. Iraq (175.0 kg)
2. Saudi Arabia (61.0 kg)
3. Bahrain (42.0 kg)
4. United Arab Emirates (37.0 kg)
5. Qatar (18.0 kg)

Source: IndexBox Market Intelligence Platform