Price for Liquid Elevators; Parts Thereof in Kuwait - 2021
Contents:
- Price for Liquid Elevators; Parts Thereof in Kuwait (CIF) - 2022
- Price for Liquid Elevators; Parts Thereof in Kuwait (FOB) - 2022
- Imports of Liquid Elevators; Parts Thereof in Kuwait
- Exports of Liquid Elevators; Parts Thereof in Kuwait
Price for Liquid Elevators; Parts Thereof in Kuwait (CIF) - 2022
The average liquid elevators; parts thereof import price stood at $33,300 per ton in 2022, falling by -14.6% against the previous year. In general, the import price showed a perceptible decline. The most prominent rate of growth was recorded in 2016 when the average import price increased by 157% against the previous year. As a result, import price attained the peak level of $48,576 per ton. From 2017 to 2022, the average import prices remained at a somewhat lower figure.
Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was South Korea ($129,376 per ton), while the price for Saudi Arabia ($2,686 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by South Korea (+21.0%), while the prices for the other major suppliers experienced mixed trend patterns.
Price for Liquid Elevators; Parts Thereof in Kuwait (FOB) - 2022
In 2022, the average liquid elevators; parts thereof export price amounted to $7,321 per ton, increasing by 2.9% against the previous year. Over the period under review, the export price, however, continues to indicate a noticeable shrinkage. The pace of growth appeared the most rapid in 2020 an increase of 29%. As a result, the export price reached the peak level of $13,341 per ton. From 2021 to 2022, the average export prices remained at a somewhat lower figure.
Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was the United Arab Emirates ($14,192 per ton), while the average price for exports to Iran ($2,036 per ton) 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 (+0.7%), while the prices for the other major destinations experienced a decline.
Imports of Liquid Elevators; Parts Thereof in Kuwait
Liquid elevators; parts thereof imports into Kuwait skyrocketed to 15 tons in 2022, rising by 144% on 2021 figures. Overall, imports continue to indicate a significant increase. The growth pace was the most rapid in 2020 with an increase of 169% against the previous year. As a result, imports reached the peak of 20 tons. From 2021 to 2022, the growth of imports remained at a lower figure.
In value terms, liquid elevators; parts thereof imports soared to $491K in 2022. Over the period under review, imports recorded a remarkable increase. The pace of growth was the most pronounced in 2020 when imports increased by 156% against the previous year. As a result, imports attained the peak of $747K. From 2021 to 2022, the growth of imports remained at a somewhat lower figure.
| Import of Liquid Elevators; Parts Thereof in Kuwait (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| South Korea | 82.8 | 165 | 83.6 | 185 | 30.7% |
| Germany | 10.0 | 129 | 9.7 | 43.8 | 63.6% |
| Denmark | 16.3 | 32.5 | 16.5 | 36.4 | 30.7% |
| Hungary | 21.3 | 20.3 | 14.4 | 26.7 | 7.8% |
| Russia | 20.1 | 13.8 | 14.1 | 26.1 | 9.1% |
| China | 13.1 | 56.8 | 3.3 | 22.4 | 19.6% |
| Italy | 29.8 | 33.3 | 20.1 | 19.3 | -13.5% |
| Finland | 10.3 | 17.1 | 7.2 | 13.2 | 8.6% |
| United Arab Emirates | 0.1 | N/A | 4.5 | 8.4 | 338.0% |
| United States | 13.5 | 124 | 4.8 | 7.3 | -18.5% |
| Canada | 2.1 | 4.7 | 3.8 | 7.0 | 49.4% |
| Poland | 1.2 | 2.3 | 1.2 | 2.6 | 29.4% |
| Saudi Arabia | 1.6 | 2.1 | 0.7 | 1.1 | -11.7% |
| Others | 69.7 | 145 | 52.2 | 92.1 | 9.7% |
| Total | 292 | 747 | 236 | 491 | 18.9% |
Top Suppliers of Liquid Elevators; Parts Thereof to Kuwait in 2022:
- China (3.3 tons)
- South Korea (1.4 tons)
- Germany (1.3 tons)
- Russia (1.2 tons)
- United Arab Emirates (1.1 tons)
- Italy (0.9 tons)
- Finland (0.8 tons)
- Hungary (0.7 tons)
- Denmark (0.6 tons)
- Poland (0.6 tons)
- Canada (0.5 tons)
- Saudi Arabia (0.4 tons)
- United States (0.3 tons)
Exports of Liquid Elevators; Parts Thereof in Kuwait
In 2022, shipments abroad of liquid elevators; parts thereoves decreased by -34.7% to 4.2 tons for the first time since 2018, thus ending a three-year rising trend. Over the period under review, exports, however, posted a significant increase. The most prominent rate of growth was recorded in 2021 with an increase of 445%. As a result, the exports attained the peak of 6.4 tons, and then shrank rapidly in the following year.
In value terms, liquid elevators; parts thereof exports shrank notably to $31K in 2022. Overall, exports, however, saw a significant increase. The pace of growth was the most pronounced in 2021 when exports increased by 191% against the previous year. As a result, the exports reached the peak of $45K, and then reduced rapidly in the following year.
| Export of Liquid Elevators; Parts Thereof in Kuwait (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Bahrain | 5.4 | 13.1 | 33.0 | 23.3 | 62.8% |
| Qatar | 0.6 | 1.5 | 10.9 | 6.4 | 120.1% |
| Iran | 0.1 | 0.2 | 0.5 | 0.2 | 26.0% |
| Egypt | 4.8 | N/A | N/A | N/A | 0% |
| Others | 0.3 | 0.8 | 1.1 | 0.6 | 26.0% |
| Total | 11.3 | 15.6 | 45.5 | 30.6 | 39.4% |
Top Export Markets for Liquid Elevators; Parts Thereof from Kuwait in 2022:
- Bahrain (3.1 tons)
- Qatar (0.9 tons)
- Iran (0.1 tons)
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