Price for Articles of Apparel and Clothing Accessories, of Leather or of Composition Leather in Kuwait - 2022

Contents:

1. Price for Articles of Apparel and Clothing Accessories, of Leather or of Composition Leather in Kuwait (CIF) - 2022
2. Price for Articles of Apparel and Clothing Accessories, of Leather or of Composition Leather in Kuwait (FOB) - 2022
3. Imports of Articles of Apparel and Clothing Accessories, of Leather or of Composition Leather in Kuwait
4. Exports of Articles of Apparel and Clothing Accessories, of Leather or of Composition Leather in Kuwait

Price for Articles of Apparel and Clothing Accessories, of Leather or of Composition Leather in Kuwait (CIF) - 2022

In December 2022, the average import price for articles of apparel and clothing accessories, of leather or of composition leather amounted to $64.4 per unit, increasing by 2.5% against the previous month. Over the last twelve-month period, it increased at an average monthly rate of +3.6%. The pace of growth was the most pronounced in January 2022 when the average import price increased by 67% month-to-month. Over the period under review, average import prices attained the peak figure at $71.0 per unit in April 2022; however, from May 2022 to December 2022, import prices failed to regain momentum.

Prices varied noticeably by the country of origin: the country with the highest price was Cambodia ($76.8 per unit), while the price for Pakistan ($19.5 per unit) was amongst the lowest.

From December 2021 to December 2022, the most notable rate of growth in terms of prices was attained by Pakistan (+12.4%), while the prices for the other major suppliers experienced more modest paces of growth.

Price for Articles of Apparel and Clothing Accessories, of Leather or of Composition Leather in Kuwait (FOB) - 2022

In 2022, the average export price for articles of apparel and clothing accessories, of leather or of composition leather amounted to $28 per unit, which is down by -26.5% against the previous year. In general, the export price, however, posted a buoyant increase. The pace of growth was the most pronounced in 2017 when the average export price increased by 245% against the previous year. As a result, the export price attained the peak level of $47 per unit. From 2018 to 2022, the average export prices remained at a lower figure.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Spain ($69 per unit), while the average price for exports to Italy ($16 per unit) was amongst the lowest.

From 2013 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Congo (+83.9%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Articles of Apparel and Clothing Accessories, of Leather or of Composition Leather in Kuwait

In 2022, the amount of articles of apparel and clothing accessories, of leather or of composition leather imported into Kuwait expanded rapidly to 423K units, increasing by 13% compared with the previous year's figure. Over the period under review, total imports indicated a prominent expansion from 2019 to 2022: its volume increased at an average annual rate of +6.9% over the last three years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +89.2% against 2020 indices. The pace of growth appeared the most rapid in 2021 when imports increased by 68% against the previous year. Imports peaked in 2022 and are expected to retain growth in years to come.

In value terms, imports of articles of apparel and clothing accessories, of leather or of composition leather rose significantly to $16M in 2022. In general, total imports indicated a remarkable increase from 2019 to 2022: its value increased at an average annual rate of +15.0% over the last three-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +65.0% against 2020 indices. The most prominent rate of growth was recorded in 2021 with an increase of 57%. Imports peaked in 2022 and are likely to continue growth in years to come.

Top Suppliers of Articles of Apparel and Clothing Accessories, of Leather or of Composition Leather to Kuwait in 2022:

1. Pakistan (160.5K units)
2. China (67.9K units)
3. Italy (63.7K units)
4. Cambodia (45.9K units)
5. Spain (33.7K units)
6. India (15.6K units)
7. France (13.6K units)
8. United Arab Emirates (0.2K units)

Exports of Articles of Apparel and Clothing Accessories, of Leather or of Composition Leather in Kuwait

In 2022, overseas shipments of articles of apparel and clothing accessories, of leather or of composition leather increased by 347% to 15K units for the first time since 2019, thus ending a two-year declining trend. Overall, exports, however, continue to indicate a abrupt contraction. The exports peaked at 29K units in 2019; however, from 2020 to 2022, the exports remained at a lower figure.

In value terms, exports of articles of apparel and clothing accessories, of leather or of composition leather surged to $428K in 2022. Over the period under review, exports, however, recorded a abrupt decline. Over the period under review, the exports of attained the peak figure at $833K in 2019; however, from 2020 to 2022, the exports stood at a somewhat lower figure.

Top Export Markets for Articles of Apparel and Clothing Accessories, of Leather or of Composition Leather from Kuwait in 2022:

1. Italy (11.0K units)
2. Switzerland (1.2K units)
3. United Arab Emirates (1.0K units)
4. Spain (1.0K units)
5. Iraq (0.7K units)

Source: IndexBox Market Intelligence Platform