Price for Clasps and Frames with Clasps; Incorporating Locks, of Base Metal in Kuwait - 2022
Contents:
- Price for Clasps and Frames with Clasps; Incorporating Locks, of Base Metal in Kuwait (CIF) - 2022
- Price for Clasps and Frames with Clasps; Incorporating Locks, of Base Metal in Kuwait (FOB) - 2022
- Imports of Clasps and Frames with Clasps; Incorporating Locks, of Base Metal in Kuwait
- Exports of Clasps and Frames with Clasps; Incorporating Locks, of Base Metal in Kuwait
Price for Clasps and Frames with Clasps; Incorporating Locks, of Base Metal in Kuwait (CIF) - 2022
The average import price for clasps and frames with clasps stood at $15,783 per ton in 2022, jumping by 62% against the previous year. In general, the import price recorded a strong expansion. The most prominent rate of growth was recorded in 2016 an increase of 155%. The import price peaked in 2022 and is likely to continue growth in the near future.
Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Germany ($48,118 per ton), while the price for the United Arab Emirates ($4,089 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by South Korea (+14.6%), while the prices for the other major suppliers experienced more modest paces of growth.
Price for Clasps and Frames with Clasps; Incorporating Locks, of Base Metal in Kuwait (FOB) - 2022
The average export price for clasps and frames with clasps stood at $15,245 per ton in 2022, with an increase of 46% against the previous year. Over the period under review, the export price continues to indicate slight growth. The most prominent rate of growth was recorded in 2019 an increase of 56%. As a result, the export price attained the peak level of $18,657 per ton. From 2020 to 2022, the average export prices remained at a lower figure.
As there is only one major export destination, the average price level is determined by prices for the United Arab Emirates.
From 2012 to 2022, the rate of growth in terms of prices for the United Arab Emirates amounted to +5.6% per year.
Imports of Clasps and Frames with Clasps; Incorporating Locks, of Base Metal in Kuwait
In 2022, the amount of clasps and frames with clasps imported into Kuwait shrank sharply to 10 tons, which is down by -34.2% against the previous year. In general, imports recorded a mild decline. The most prominent rate of growth was recorded in 2021 with an increase of 107%. As a result, imports reached the peak of 16 tons, and then dropped rapidly in the following year.
In value terms, imports of clasps and frames with clasps rose notably to $163K in 2022. Overall, total imports indicated a prominent increase from 2019 to 2022: its value increased at an average annual rate of +5.3% 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 +64.1% against 2020 indices. The growth pace was the most rapid in 2021 with an increase of 54%. Imports peaked in 2022 and are likely to see gradual growth in years to come.
| Import of Clasps and Frames with Clasps; Incorporating Locks, of Base Metal in Kuwait (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| China | 51.0 | 33.6 | 85.4 | 60.6 | 5.9% |
| Germany | 39.9 | 21.5 | 22.3 | 59.9 | 14.5% |
| United Arab Emirates | 8.5 | 17.4 | 12.7 | 12.2 | 12.8% |
| South Korea | 6.2 | 4.4 | 5.0 | 3.9 | -14.3% |
| India | 2.2 | 2.9 | 5.0 | 3.4 | 15.6% |
| Italy | 2.0 | 1.1 | 3.5 | 2.7 | 10.5% |
| United States | 8.9 | 2.6 | 2.8 | 2.4 | -35.4% |
| Others | 21.1 | 16.0 | 16.2 | 18.0 | -5.2% |
| Total | 140 | 99.4 | 153 | 163 | 5.2% |
Top Suppliers of Clasps and Frames with Clasps; Incorporating Locks, of Base Metal to Kuwait in 2022:
- China (4.4 tons)
- United Arab Emirates (3.0 tons)
- Germany (1.2 tons)
- India (0.5 tons)
- Italy (0.3 tons)
- South Korea (0.3 tons)
- United States (0.1 tons)
Exports of Clasps and Frames with Clasps; Incorporating Locks, of Base Metal in Kuwait
In 2022, approx. 975 kg of clasps and frames with clasps were exported from Kuwait; rising by 188% on the previous year's figure. In general, exports recorded significant growth. The most prominent rate of growth was recorded in 2021 with an increase of 333%. The exports peaked in 2022 and are expected to retain growth in the immediate term.
In value terms, exports of clasps and frames with clasps skyrocketed to $15K in 2022. Over the period under review, exports showed a significant expansion. As a result, the exports reached the peak and are likely to continue growth in the immediate term.
| Export of Clasps and Frames with Clasps; Incorporating Locks, of Base Metal in Kuwait (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| United Arab Emirates | 2.6 | 0.7 | 3.5 | 14.7 | 78.1% |
| Egypt | N/A | 0.2 | N/A | N/A | 0% |
| Others | N/A | N/A | N/A | 0.2 | 0% |
| Total | 2.6 | 0.9 | 3.5 | 14.9 | 79.0% |
Top Export Markets for Clasps and Frames with Clasps; Incorporating Locks, of Base Metal from Kuwait in 2022:
- United Arab Emirates (974.0 kg)
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