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

Contents:

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

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

In 2022, the average import price for fabrics, woven; containing less than 85% by weight of non-textured polyester filamentses amounted to $1.3 per square meter, with an increase of 16% against the previous year. In general, the import price, however, recorded a slight decrease. The import price peaked at $1.5 per square meter in 2015; however, from 2016 to 2022, import prices remained at a lower figure.

Average prices varied somewhat amongst the major supplying countries. In 2022, amid the top importers, the countries with the highest prices were Taiwan (Chinese) ($1.5 per square meter) and Pakistan ($1.4 per square meter), while the price for Thailand ($1 per square meter) and South Korea ($1.3 per square meter) were amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Indonesia (+11.0%), while the prices for the other major suppliers experienced more modest paces of growth.

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

The average export price for fabrics, woven; containing less than 85% by weight of non-textured polyester filamentses stood at $1.6 per square meter in 2022, growing by 12% against the previous year. Over the period under review, export price indicated a prominent increase from 2012 to 2022: its price increased at an average annual rate of +5.3% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, export price for fabrics, woven; containing less than 85% by weight of non-textured polyester filamentses increased by +80.6% against 2019 indices. The pace of growth was the most pronounced in 2021 when the average export price increased by 28%. Over the period under review, the average export prices reached the maximum in 2022 and is likely to see steady growth in the immediate term.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Saudi Arabia ($2 per square meter), while the average price for exports to Qatar amounted to $1.1 per square meter.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Qatar (+12.1%).

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

In 2022, supplies from abroad of fabrics, woven; containing less than 85% by weight of non-textured polyester filamentses decreased by -65.4% to 732K square meters for the first time since 2018, thus ending a three-year rising trend. Over the period under review, imports continue to indicate a abrupt downturn. The pace of growth was the most pronounced in 2021 when imports increased by 42%. As a result, imports attained the peak of 2.1M square meters, and then dropped remarkably in the following year.

In value terms, imports of fabrics, woven; containing less than 85% by weight of non-textured polyester filamentses shrank significantly to $927K in 2022. Overall, imports continue to indicate a abrupt shrinkage. The growth pace was the most rapid in 2021 with an increase of 54%. As a result, imports attained the peak of $2.3M, and then declined dramatically in the following year.

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

1. China (327.9K square meters)
2. India (179.2K square meters)
3. Turkey (101.2K square meters)
4. South Korea (55.2K square meters)
5. Thailand (20.2K square meters)
6. Pakistan (16.1K square meters)
7. Indonesia (8.9K square meters)

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

In 2022, exports of fabrics, woven; containing less than 85% by weight of non-textured polyester filamentses from Kuwait shrank significantly to 356K square meters, falling by -59% on the previous year. In general, exports saw a sharp downturn. The smallest decline of -14.2% was in 2020. Over the period under review, the exports of hit record highs at 1.2M 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 less than 85% by weight of non-textured polyester filamentses declined significantly to $552K in 2022. Over the period under review, exports saw a abrupt shrinkage. The pace of growth appeared the most rapid in 2020 with an increase of 7.6% against the previous year. Over the period under review, the exports of hit record highs at $1.2M in 2021, and then contracted markedly in the following year.

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

1. Saudi Arabia (186.9K square meters)
2. Qatar (168.9K square meters)

Source: IndexBox Market Intelligence Platform