Price for Felt; Whether or Not Impregnated, Coated, Covered or Laminated in Kuwait - 2022

Contents:

1. Price for Felt; Whether or Not Impregnated, Coated, Covered or Laminated in Kuwait (CIF) - 2022
2. Price for Felt; Whether or Not Impregnated, Coated, Covered or Laminated in Kuwait (FOB) - 2022
3. Imports of Felt; Whether or Not Impregnated, Coated, Covered or Laminated in Kuwait
4. Exports of Felt; Whether or Not Impregnated, Coated, Covered or Laminated in Kuwait

Price for Felt; Whether or Not Impregnated, Coated, Covered or Laminated in Kuwait (CIF) - 2022

In 2022, the average import price for felt; whether or not impregnated, coated, covered or laminateds amounted to $2,282 per ton, surging by 8.2% against the previous year. Overall, the import price, however, continues to indicate a abrupt decrease. The most prominent rate of growth was recorded in 2016 an increase of 37%. The import price peaked at $4,171 per ton in 2013; however, from 2014 to 2022, import prices stood at a somewhat lower figure.

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 India ($6,386 per ton), while the price for Turkey ($1,332 per ton) was amongst the lowest.

From 2013 to 2022, the most notable rate of growth in terms of prices was attained by Belgium (+12.2%), while the prices for the other major suppliers experienced mixed trend patterns.

Price for Felt; Whether or Not Impregnated, Coated, Covered or Laminated in Kuwait (FOB) - 2022

In 2022, the average export price for felt; whether or not impregnated, coated, covered or laminateds amounted to $4,389 per ton, reducing by -22.1% against the previous year. In general, the export price recorded a drastic downturn. The growth pace was the most rapid in 2018 an increase of 139% against the previous year. Over the period under review, the average export prices reached the peak figure at $15,452 per ton in 2013; however, from 2014 to 2022, the export prices failed to regain momentum.

Average prices varied noticeably for the major foreign markets. In 2022, amid the top suppliers, the countries with the highest prices were Iraq ($4,400 per ton) and the United Arab Emirates ($4,390 per ton), while the average price for exports to Qatar ($4,386 per ton) and Saudi Arabia ($4,390 per ton) were amongst the lowest.

From 2013 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Qatar (+27.5%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Felt; Whether or Not Impregnated, Coated, Covered or Laminated in Kuwait

In 2022, overseas purchases of felt; whether or not impregnated, coated, covered or laminateds decreased by -23.1% to 1K tons for the first time since 2018, thus ending a three-year rising trend. Overall, total imports indicated a strong expansion from 2019 to 2022: its volume increased at an average annual rate of +5.6% over the last three years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +17.8% against 2019 indices. The most prominent rate of growth was recorded in 2021 with an increase of 34%. As a result, imports attained the peak of 1.3K tons, and then declined markedly in the following year.

In value terms, imports of felt; whether or not impregnated, coated, covered or laminateds declined sharply to $2.3M in 2022. Over the period under review, imports continue to indicate a noticeable shrinkage. The pace of growth appeared the most rapid in 2020 with an increase of 19%. As a result, imports reached the peak of $3.2M. From 2021 to 2022, the growth of imports of remained at a lower figure.

Top Suppliers of Felt; Whether or Not Impregnated, Coated, Covered or Laminated to Kuwait in 2022:

1. China (647.4 tons)
2. Saudi Arabia (172.1 tons)
3. Turkey (73.4 tons)
4. Germany (70.7 tons)
5. India (39.6 tons)
6. Belgium (17.9 tons)

Exports of Felt; Whether or Not Impregnated, Coated, Covered or Laminated in Kuwait

For the fourth year in a row, Kuwait recorded growth in shipments abroad of felt; whether or not impregnated, coated, covered or laminateds, which increased by 130% to 169 tons in 2022. In general, exports posted a significant expansion. The pace of growth was the most pronounced in 2020 with an increase of 447% against the previous year. The exports peaked in 2022 and are expected to retain growth in the immediate term.

In value terms, exports of felt; whether or not impregnated, coated, covered or laminateds soared to $740K in 2022. Overall, exports enjoyed significant growth. The growth pace was the most rapid in 2020 when exports increased by 799% against the previous year. The exports peaked in 2022 and are likely to see steady growth in the immediate term.

Top Export Markets for Felt; Whether or Not Impregnated, Coated, Covered or Laminated from Kuwait in 2022:

1. United Arab Emirates (100.6 tons)
2. Qatar (63.2 tons)
3. Saudi Arabia (4.6 tons)

Source: IndexBox Market Intelligence Platform