Price for Fabrics, Woven; from Strip or the Like, of Synthetic Textile Materials in Kuwait - 2022

Contents:

1. Price for Fabrics, Woven; from Strip or the Like, of Synthetic Textile Materials in Kuwait (CIF) - 2022
2. Price for Fabrics, Woven; from Strip or the Like, of Synthetic Textile Materials in Kuwait (FOB) - 2022
3. Imports of Fabrics, Woven; from Strip or the Like, of Synthetic Textile Materials in Kuwait
4. Exports of Fabrics, Woven; from Strip or the Like, of Synthetic Textile Materials in Kuwait

Price for Fabrics, Woven; from Strip or the Like, of Synthetic Textile Materials in Kuwait (CIF) - 2022

In 2022, the average import price for fabrics, woven; from strip or the like, of synthetic textile materialses amounted to $0.4 per square meter, surging by 7% against the previous year. In general, the import price, however, saw a relatively flat trend pattern. The pace of growth was the most pronounced in 2021 when the average import price increased by 23%. Over the period under review, average import prices reached the peak figure at $0.4 per square meter in 2012; however, from 2013 to 2022, import prices stood at a somewhat lower figure.

Average prices varied noticeably amongst the major supplying countries. In 2022, amid the top importers, the countries with the highest prices were India ($0.4 per square meter) and Indonesia ($0.4 per square meter), while the price for Italy ($0.4 per square meter) and South Korea ($0.4 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 (+0.5%), while the prices for the other major suppliers experienced a decline.

Price for Fabrics, Woven; from Strip or the Like, of Synthetic Textile Materials in Kuwait (FOB) - 2022

In 2022, the average export price for fabrics, woven; from strip or the like, of synthetic textile materialses amounted to $0.4 per square meter, jumping by 100% against the previous year. In general, the export price, however, showed a abrupt contraction. Over the period under review, the average export prices attained the peak figure at $0.7 per square meter in 2012; however, from 2013 to 2022, the export prices stood at a somewhat lower figure.

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 the United Arab Emirates ($0.6 per square meter), while the average price for exports to Bahrain ($0.3 per square meter) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to the United Arab Emirates (+4.3%), while the prices for the other major destinations experienced a decline.

Imports of Fabrics, Woven; from Strip or the Like, of Synthetic Textile Materials in Kuwait

For the third year in a row, Kuwait recorded decline in purchases abroad of fabrics, woven; from strip or the like, of synthetic textile materialses, which decreased by -14.2% to 10M square meters in 2022. Overall, imports showed a deep reduction. The smallest decline of -0.3% was in 2021. Imports peaked at 14M square meters in 2019; however, from 2020 to 2022, imports remained at a lower figure.

In value terms, imports of fabrics, woven; from strip or the like, of synthetic textile materialses reduced to $4M in 2022. The total import value increased at an average annual rate of +2.7% over the period from 2019 to 2022; however, the trend pattern remained consistent, with somewhat noticeable fluctuations being recorded in certain years. The most prominent rate of growth was recorded in 2021 when imports increased by 22% against the previous year. As a result, imports reached the peak of $4.3M, and then fell in the following year.

Top Suppliers of Fabrics, Woven; from Strip or the Like, of Synthetic Textile Materials to Kuwait in 2022:

1. China (6.0M square meters)
2. India (1.7M square meters)
3. Indonesia (0.9M square meters)
4. South Korea (0.5M square meters)
5. Egypt (0.3M square meters)
6. Italy (0.2M square meters)

Exports of Fabrics, Woven; from Strip or the Like, of Synthetic Textile Materials in Kuwait

Exports of fabrics, woven; from strip or the like, of synthetic textile materialses from Kuwait contracted remarkably to 14K square meters in 2022, with a decrease of -96.3% on the previous year's figure. Over the period under review, exports saw a precipitous setback. The most prominent rate of growth was recorded in 2021 with an increase of 661%. As a result, the exports attained the peak of 387K square meters, and then shrank remarkably in the following year.

In value terms, exports of fabrics, woven; from strip or the like, of synthetic textile materialses reduced notably to $5.6K in 2022. Overall, exports saw a sharp downturn. The pace of growth appeared the most rapid in 2021 with an increase of 494%. As a result, the exports reached the peak of $76K, and then declined sharply in the following year.

Top Export Markets for Fabrics, Woven; from Strip or the Like, of Synthetic Textile Materials from Kuwait in 2022:

1. Saudi Arabia (8.8K square meters)
2. Qatar (3.2K square meters)
3. Bahrain (1.4K square meters)
4. United Arab Emirates (0.7K square meters)

Source: IndexBox Market Intelligence Platform