Price for Articles of Apparel, Clothing Accessories and Other Articles of Furskin in Kuwait - 2022
Contents:
- Price for Articles of Apparel, Clothing Accessories and Other Articles of Furskin in Kuwait (CIF) - 2022
- Price for Articles of Apparel, Clothing Accessories and Other Articles of Furskin in Kuwait (FOB) - 2022
- Imports of Articles of Apparel, Clothing Accessories and Other Articles of Furskin in Kuwait
- Exports of Articles of Apparel, Clothing Accessories and Other Articles of Furskin in Kuwait
Price for Articles of Apparel, Clothing Accessories and Other Articles of Furskin in Kuwait (CIF) - 2022
The average import price for articles of apparel, clothing accessories and other articles of furskin stood at $944 per unit in 2022, with an increase of 140% against the previous year. In general, the import price saw buoyant growth. As a result, import price reached the peak level and is likely to continue growth in the immediate term.
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 France ($3,181 per unit), while the price for Thailand ($67 per unit) was amongst the lowest.
From 2013 to 2022, the most notable rate of growth in terms of prices was attained by France (+20.6%), while the prices for the other major suppliers experienced more modest paces of growth.
Price for Articles of Apparel, Clothing Accessories and Other Articles of Furskin in Kuwait (FOB) - 2022
The average export price for articles of apparel, clothing accessories and other articles of furskin stood at $2,072 per unit in 2022, jumping by 63% against the previous year. Over the period under review, the export price recorded a buoyant increase. The most prominent rate of growth was recorded in 2015 when the average export price increased by 78%. Over the period under review, the average export prices hit record highs at $3,043 per unit in 2019; however, from 2020 to 2022, the export prices remained at a lower figure.
As there is only one major export destination, the average price level is determined by prices for Italy.
From 2012 to 2022, the rate of growth in terms of prices for Saudi Arabia amounted to +37.5% per year.
Imports of Articles of Apparel, Clothing Accessories and Other Articles of Furskin in Kuwait
In 2022, approx. 642 units of articles of apparel, clothing accessories and other articles of furskin were imported into Kuwait; falling by -31.6% against the previous year. Over the period under review, imports, however, continue to indicate a modest increase. The pace of growth appeared the most rapid in 2021 when imports increased by 167% against the previous year. As a result, imports attained the peak of 938 units, and then fell markedly in the following year.
In value terms, imports of articles of apparel, clothing accessories and other articles of furskin surged to $606K in 2022. Overall, imports, however, enjoyed a significant expansion. The pace of growth appeared the most rapid in 2021 when imports increased by 204%. Imports peaked in 2022 and are likely to see gradual growth in the immediate term.
| Import of Articles of Apparel, Clothing Accessories and Other Articles of Furskin in Kuwait (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Italy | 17.4 | 24.9 | 144 | 447 | 195.1% |
| France | 39.2 | 5.9 | 3.9 | 102 | 37.5% |
| China | 21.0 | 8.9 | 29.0 | 34.6 | 18.1% |
| Vietnam | N/A | N/A | 0.3 | 9.5 | 3066.7% |
| Lebanon | N/A | N/A | 1.0 | 3.2 | 220.0% |
| Thailand | 0.5 | 0.5 | 1.2 | 1.2 | 33.9% |
| Jordan | N/A | N/A | 0.4 | N/A | 0% |
| Greece | N/A | 6.2 | 15.9 | N/A | 156.5% |
| United Arab Emirates | 147 | 58.6 | 92.5 | N/A | -20.7% |
| India | 4.2 | N/A | 1.3 | N/A | -44.4% |
| Others | 17.8 | 16.3 | 78.7 | 8.8 | -20.9% |
| Total | 247 | 121 | 368 | 606 | 34.9% |
Top Suppliers of Articles of Apparel, Clothing Accessories and Other Articles of Furskin to Kuwait in 2022:
- Italy (288.0 units)
- China (208.0 units)
- Vietnam (67.0 units)
- France (32.0 units)
- Lebanon (23.0 units)
- Thailand (18.0 units)
Exports of Articles of Apparel, Clothing Accessories and Other Articles of Furskin in Kuwait
In 2022, shipments abroad of articles of apparel, clothing accessories and other articles of furskin decreased by -97.7% to 2 units, falling for the second year in a row after two years of growth. In general, exports saw a precipitous descent. The most prominent rate of growth was recorded in 2020 with an increase of 12% against the previous year. As a result, the exports attained the peak of 140 units. From 2021 to 2022, the growth of the exports of failed to regain momentum.
In value terms, exports of articles of apparel, clothing accessories and other articles of furskin plummeted to $4.1K in 2022. Overall, exports continue to indicate a precipitous shrinkage. The smallest decline of -37.2% was in 2020. The exports peaked at $380K in 2019; however, from 2020 to 2022, the exports stood at a somewhat lower figure.
| Export of Articles of Apparel, Clothing Accessories and Other Articles of Furskin in Kuwait (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Italy | 61.6 | 119 | 48.0 | 4.1 | -59.5% |
| United States | 28.1 | N/A | 3.3 | N/A | -65.7% |
| Netherlands | N/A | 0.2 | 3.1 | N/A | 1450.0% |
| Qatar | 222 | N/A | N/A | N/A | 0% |
| Others | 69.1 | 119 | 55.0 | N/A | -10.8% |
| Total | 380 | 239 | 109 | 4.1 | -77.9% |
Top Export Markets for Articles of Apparel, Clothing Accessories and Other Articles of Furskin from Kuwait in 2022:
- Italy (2.0 units)
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