Price for Glass Fibres (Including Glass Wool) and Articles Thereof (Eg Yarn, Woven Fabrics) in Kuwait - 2022
Contents:
- Price for Glass Fibres (Including Glass Wool) and Articles Thereof (Eg Yarn, Woven Fabrics) in Kuwait (FOB) - 2022
- Price for Glass Fibres (Including Glass Wool) and Articles Thereof (Eg Yarn, Woven Fabrics) in Kuwait (CIF) - 2022
- Exports of Glass Fibres (Including Glass Wool) and Articles Thereof (Eg Yarn, Woven Fabrics) in Kuwait
- Imports of Glass Fibres (Including Glass Wool) and Articles Thereof (Eg Yarn, Woven Fabrics) in Kuwait
Price for Glass Fibres (Including Glass Wool) and Articles Thereof (Eg Yarn, Woven Fabrics) in Kuwait (FOB) - 2022
The average export price for glass fibres (including glass wool) and articles thereof (eg yarn, woven fabrics) stood at $8,354 per ton in December 2022, remaining stable against the previous month. In general, export price indicated a remarkable increase from December 2021 to December 2022: its price increased at an average monthly rate of +11.1% over the last twelve-month period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on December 2022 figures, export price for glass fibres (including glass wool) and articles thereof (eg yarn, woven fabrics) increased by +17.8% against July 2022 indices. The most prominent rate of growth was recorded in January 2022 an increase of 234% month-to-month. The export price peaked in December 2022.
Prices varied noticeably by the country of destination: the country with the highest price was Iraq ($8,548 per ton), while the average price for exports to Nigeria ($4,310 per ton) was amongst the lowest.
From December 2021 to December 2022, the most notable rate of growth in terms of prices was recorded for supplies to Singapore (+17.7%), while the prices for the other major destinations experienced more modest paces of growth.
Price for Glass Fibres (Including Glass Wool) and Articles Thereof (Eg Yarn, Woven Fabrics) in Kuwait (CIF) - 2022
The average import price for glass fibres (including glass wool) and articles thereof (eg yarn, woven fabrics) stood at $6,057 per ton in December 2022, which is down by -3.2% against the previous month. Over the period under review, the import price, however, posted a prominent expansion. The pace of growth was the most pronounced in January 2022 when the average import price increased by 332% month-to-month. As a result, import price reached the peak level of $14,266 per ton. From February 2022 to December 2022, the average import prices remained at a somewhat lower figure.
Prices varied noticeably by the country of origin: the country with the highest price was India ($4,543 per ton), while the price for Bahrain ($2,607 per ton) was amongst the lowest.
From December 2021 to December 2022, the most notable rate of growth in terms of prices was attained by the United Arab Emirates (+16.0%), while the prices for the other major suppliers experienced more modest paces of growth.
Exports of Glass Fibres (Including Glass Wool) and Articles Thereof (Eg Yarn, Woven Fabrics) in Kuwait
Exports of glass fibres (including glass wool) and articles thereof (eg yarn, woven fabrics) from Kuwait declined significantly to 8.5K tons in 2022, shrinking by -50% on 2021. Overall, exports faced a sharp descent. The most prominent rate of growth was recorded in 2021 with an increase of 4.8%.
In value terms, exports of glass fibres (including glass wool) and articles thereof (eg yarn, woven fabrics) reduced markedly to $21M in 2022. In general, exports showed a significant curtailment. The pace of growth appeared the most rapid in 2021 with an increase of 5.1% against the previous year.
| Export of Glass Fibres (Including Glass Wool) and Articles Thereof (Eg Yarn, Woven Fabrics) in Kuwait (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Saudi Arabia | 12.7 | 12.1 | 12.2 | 7.8 | -15.0% |
| United Arab Emirates | 11.1 | 7.3 | 7.0 | 4.0 | -28.8% |
| Qatar | 5.6 | 4.1 | 5.6 | 2.6 | -22.6% |
| Egypt | 2.9 | 1.3 | 2.1 | 1.2 | -25.5% |
| Indonesia | 1.9 | 0.7 | 1.1 | 0.8 | -25.0% |
| Pakistan | 0.9 | 0.7 | 1.0 | 0.7 | -8.0% |
| Jordan | 0.8 | 0.5 | 0.8 | 0.7 | -4.4% |
| Bahrain | 1.2 | 1.1 | 1.0 | 0.5 | -25.3% |
| Iraq | 1.2 | 0.3 | 0.8 | 0.5 | -25.3% |
| Singapore | 0.7 | 0.5 | 0.4 | 0.4 | -17.0% |
| Oman | 1.7 | 2.1 | 0.7 | 0.4 | -38.3% |
| Others | 2.3 | 1.9 | 1.8 | 1.3 | -17.3% |
| Total | 43.2 | 32.7 | 34.4 | 20.9 | -21.5% |
Top Export Markets for Glass Fibres (Including Glass Wool) and Articles Thereof (Eg Yarn, Woven Fabrics) from Kuwait in 2022:
- Saudi Arabia (3075.9 tons)
- United Arab Emirates (1622.5 tons)
- Qatar (1045.7 tons)
- Egypt (536.5 tons)
- Indonesia (374.8 tons)
- Pakistan (361.3 tons)
- Jordan (240.1 tons)
- Singapore (214.0 tons)
- Iraq (194.5 tons)
- Bahrain (162.1 tons)
- Oman (105.2 tons)
Imports of Glass Fibres (Including Glass Wool) and Articles Thereof (Eg Yarn, Woven Fabrics) in Kuwait
Imports of glass fibres (including glass wool) and articles thereof (eg yarn, woven fabrics) into Kuwait reduced to 3.1K tons in 2022, falling by -12.8% compared with 2021. Over the period under review, imports recorded a sharp curtailment.
In value terms, imports of glass fibres (including glass wool) and articles thereof (eg yarn, woven fabrics) soared to $13M in 2022. In general, imports recorded a sharp curtailment.
| Import of Glass Fibres (Including Glass Wool) and Articles Thereof (Eg Yarn, Woven Fabrics) in Kuwait (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| United Arab Emirates | 5.4 | 2.1 | 1.1 | 3.2 | -16.0% |
| China | 6.2 | 1.5 | 1.6 | 2.5 | -26.1% |
| Saudi Arabia | 13.8 | 5.7 | 3.1 | 2.4 | -44.2% |
| India | 1.7 | 1.7 | 1.7 | 1.5 | -4.1% |
| United States | 1.8 | 0.2 | 0.2 | 0.7 | -27.0% |
| Oman | 0.4 | 0.5 | 0.5 | 0.6 | 14.5% |
| Bahrain | 1.3 | 2.2 | 0.4 | 0.2 | -46.4% |
| Japan | 1.9 | 0.8 | 0.3 | 0.2 | -52.8% |
| Turkey | 0.5 | 0.4 | 0.2 | 0.1 | -41.5% |
| South Korea | 1.8 | 1.1 | 0.2 | 0.1 | -61.8% |
| Others | 3.8 | 2.6 | 1.7 | 1.5 | -26.6% |
| Total | 38.4 | 18.8 | 11.1 | 13.0 | -30.3% |
Top Suppliers of Glass Fibres (Including Glass Wool) and Articles Thereof (Eg Yarn, Woven Fabrics) to Kuwait in 2022:
- Saudi Arabia (1098.7 tons)
- China (809.1 tons)
- United Arab Emirates (482.6 tons)
- Oman (188.9 tons)
- India (154.1 tons)
- United States (81.9 tons)
- Japan (55.5 tons)
- Bahrain (34.0 tons)
- South Korea (15.3 tons)
- Turkey (9.4 tons)
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