Price for Machines; Parts and Accessories, of Heading No. 8472 in Kuwait - 2022
Contents:
- Price for Machines; Parts and Accessories, of Heading No. 8472 in Kuwait (CIF) - 2022
- Price for Machines; Parts and Accessories, of Heading No. 8472 in Kuwait (FOB) - 2022
- Imports of Machines; Parts and Accessories, of Heading No. 8472 in Kuwait
- Exports of Machines; Parts and Accessories, of Heading No. 8472 in Kuwait
Price for Machines; Parts and Accessories, of Heading No. 8472 in Kuwait (CIF) - 2022
The average import price for machines; parts and accessories, of heading no. 8472 stood at $54,138 per ton in 2022, falling by -10.7% against the previous year. In general, the import price recorded a noticeable descent. The growth pace was the most rapid in 2020 an increase of 31% against the previous year. Over the period under review, average import prices reached the maximum at $82,414 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 Hungary ($137,711 per ton), while the price for the Philippines ($28,186 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Bahrain (+5.5%), while the prices for the other major suppliers experienced more modest paces of growth.
Price for Machines; Parts and Accessories, of Heading No. 8472 in Kuwait (FOB) - 2022
The average export price for machines; parts and accessories, of heading no. 8472 stood at $86,804 per ton in 2022, with an increase of 58% against the previous year. Overall, the export price posted a slight expansion. As a result, the export price reached the peak level and is likely to continue growth in the immediate term.
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 France ($187,511 per ton), while the average price for exports to China ($35,868 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 Iraq (+29.3%), while the prices for the other major destinations experienced more modest paces of growth.
Imports of Machines; Parts and Accessories, of Heading No. 8472 in Kuwait
In 2022, overseas purchases of machines; parts and accessories, of heading no. 8472 decreased by -21.2% to 37 tons for the first time since 2018, thus ending a three-year rising trend. In general, total imports indicated a resilient expansion from 2019 to 2022: its volume increased at an average annual rate of +15.8% over the last three years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. The pace of growth appeared the most rapid in 2020 when imports increased by 80%.
In value terms, imports of machines; parts and accessories, of heading no. 8472 declined significantly to $2M in 2022. Overall, imports, however, enjoyed significant growth. The pace of growth appeared the most rapid in 2020 with an increase of 136%.
| Import of Machines; Parts and Accessories, of Heading No. 8472 in Kuwait (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| China | 336 | 1,190 | 888 | 1,008 | 44.2% |
| Germany | 27.0 | 260 | 84.8 | 148 | 76.3% |
| India | 374 | 421 | 997 | 122 | -31.2% |
| Ukraine | 18.9 | 63.1 | 77.9 | 87.3 | 66.5% |
| Philippines | 21.2 | 86.6 | 94.3 | 80.8 | 56.2% |
| Taiwan (Chinese) | 23.7 | 50.1 | 35.5 | 54.0 | 31.6% |
| Italy | 44.1 | 95.0 | 33.3 | 46.2 | 1.6% |
| United States | 91.4 | 191 | 139 | 45.5 | -20.7% |
| Japan | 23.1 | 42.1 | 97.1 | 44.2 | 24.1% |
| Hungary | 35.8 | 41.2 | 146 | 25.8 | -10.3% |
| Others | 144 | 245 | 237 | 329 | 31.7% |
| Total | 1,140 | 2,685 | 2,830 | 1,991 | 20.4% |
Top Suppliers of Machines; Parts and Accessories, of Heading No. 8472 to Kuwait in 2022:
- China (22.0 tons)
- Philippines (2.9 tons)
- India (2.0 tons)
- Taiwan (Chinese) (1.6 tons)
- Japan (1.3 tons)
- Germany (1.1 tons)
- Ukraine (0.8 tons)
- Italy (0.6 tons)
- United States (0.3 tons)
- Hungary (0.2 tons)
Exports of Machines; Parts and Accessories, of Heading No. 8472 in Kuwait
In 2022, the amount of machines; parts and accessories, of heading no. 8472 exported from Kuwait contracted significantly to 23 tons, which is down by -30.8% on the year before. Overall, exports showed a significant decrease. The smallest decline of -15.1% was in 2020.
In value terms, exports of machines; parts and accessories, of heading no. 8472 rose notably to $2M in 2022. In general, exports recorded a abrupt slump. The most prominent rate of growth was recorded in 2021 when exports increased by 10%.
| Export of Machines; Parts and Accessories, of Heading No. 8472 in Kuwait (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| United Arab Emirates | 1,146 | 763 | 796 | 1,655 | 13.0% |
| France | 70.5 | 79.5 | 192 | 75.6 | 2.4% |
| United States | 44.3 | 53.8 | 140 | 59.2 | 10.1% |
| Germany | 0.6 | 29.6 | 127 | 44.8 | 321.1% |
| Netherlands | 264 | 147 | 48.2 | 27.7 | -52.8% |
| China | 9.3 | 17.8 | 46.3 | 19.5 | 28.0% |
| Hong Kong SAR | 761 | N/A | N/A | N/A | 0% |
| Iraq | N/A | 386 | 291 | N/A | -24.6% |
| Others | 169 | 163 | 164 | 88.4 | -19.4% |
| Total | 2,465 | 1,639 | 1,805 | 1,971 | -7.2% |
Top Export Markets for Machines; Parts and Accessories, of Heading No. 8472 from Kuwait in 2022:
- United Arab Emirates (19.4 tons)
- Germany (1.0 tons)
- United States (0.6 tons)
- China (0.5 tons)
- France (0.4 tons)
- Netherlands (0.2 tons)
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This report provides an in-depth analysis of the computing machinery market in Kuwait.
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This report provides an in-depth analysis of the global computing machinery market.
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