Price for Fabrics, Woven; Containing 85% or More by Weight of Non-Textured Polyester Filaments in Kuwait - 2022

Contents:

1. Price for Fabrics, Woven; Containing 85% or More by Weight of Non-Textured Polyester Filaments in Kuwait (CIF) - 2022
2. Price for Fabrics, Woven; Containing 85% or More by Weight of Non-Textured Polyester Filaments in Kuwait (FOB) - 2022
3. Imports of Fabrics, Woven; Containing 85% or More by Weight of Non-Textured Polyester Filaments in Kuwait
4. Exports of Fabrics, Woven; Containing 85% or More by Weight of Non-Textured Polyester Filaments in Kuwait

Price for Fabrics, Woven; Containing 85% or More by Weight of Non-Textured Polyester Filaments in Kuwait (CIF) - 2022

In 2022, the average import price for fabrics, woven; containing 85% or more by weight of non-textured polyester filamentses amounted to $2.4 per square meter, jumping by 21% against the previous year. Over the period from 2012 to 2022, it increased at an average annual rate of +1.8%. As a result, import price attained 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 Japan ($4.7 per square meter), while the price for China ($1.1 per square meter) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by China (+3.3%), while the prices for the other major suppliers experienced more modest paces of growth.

Price for Fabrics, Woven; Containing 85% or More by Weight of Non-Textured Polyester Filaments in Kuwait (FOB) - 2022

In 2022, the average export price for fabrics, woven; containing 85% or more by weight of non-textured polyester filamentses amounted to $1.9 per square meter, surging by 26% against the previous year. Over the last decade, it increased at an average annual rate of +3.7%. The growth pace was the most rapid in 2013 an increase of 30%. Over the period under review, the average export prices reached the peak figure at $2.2 per square meter in 2015; however, from 2016 to 2022, the export prices failed to regain momentum.

There were significant differences in the average prices for the major external markets. In 2022, amid the top suppliers, the country with the highest price was Saudi Arabia ($2.7 per square meter), while the average price for exports to the United Arab Emirates ($559 per thousand square meters) 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 (+6.2%), while the prices for the other major destinations experienced mixed trend patterns.

Imports of Fabrics, Woven; Containing 85% or More by Weight of Non-Textured Polyester Filaments in Kuwait

In 2022, overseas purchases of fabrics, woven; containing 85% or more by weight of non-textured polyester filamentses were finally on the rise to reach 3.6M square meters for the first time since 2019, thus ending a two-year declining trend. Over the period under review, imports, however, saw a sharp reduction. Imports peaked at 7.9M square meters in 2019; however, from 2020 to 2022, imports stood at a somewhat lower figure.

In value terms, imports of fabrics, woven; containing 85% or more by weight of non-textured polyester filamentses soared to $8.6M in 2022. Overall, imports, however, saw a drastic downturn. Imports peaked at $14M in 2019; however, from 2020 to 2022, imports failed to regain momentum.

Top Suppliers of Fabrics, Woven; Containing 85% or More by Weight of Non-Textured Polyester Filaments to Kuwait in 2022:

1. South Korea (1630.3K square meters)
2. Japan (607.6K square meters)
3. Indonesia (479.5K square meters)
4. Turkey (365.6K square meters)
5. China (277.9K square meters)
6. India (108.8K square meters)
7. Egypt (30.3K square meters)

Exports of Fabrics, Woven; Containing 85% or More by Weight of Non-Textured Polyester Filaments in Kuwait

For the third consecutive year, Kuwait recorded decline in overseas shipments of fabrics, woven; containing 85% or more by weight of non-textured polyester filamentses, which decreased by -86.4% to 40K square meters in 2022. Overall, exports recorded a dramatic downturn. The smallest decline of -18.7% was in 2020. Over the period under review, the exports of hit record highs at 461K square meters in 2019; however, from 2020 to 2022, the exports stood at a somewhat lower figure.

In value terms, exports of fabrics, woven; containing 85% or more by weight of non-textured polyester filamentses declined remarkably to $78K in 2022. In general, exports continue to indicate a precipitous shrinkage. The smallest decline of -24.7% was in 2020. Over the period under review, the exports of reached the peak figure at $899K in 2019; however, from 2020 to 2022, the exports remained at a lower figure.

Top Export Markets for Fabrics, Woven; Containing 85% or More by Weight of Non-Textured Polyester Filaments from Kuwait in 2022:

1. Iraq (35.1K square meters)
2. Saudi Arabia (4.2K square meters)

Source: IndexBox Market Intelligence Platform