Price for Rattans Used Primarily for Plaiting in Kuwait - 2021

Contents:

1. Price for Rattans Used Primarily for Plaiting in Kuwait (CIF) - 2022
2. Price for Rattans Used Primarily for Plaiting in Kuwait (FOB) - 2022
3. Imports of Rattans Used Primarily for Plaiting in Kuwait
4. Exports of Rattans Used Primarily for Plaiting in Kuwait

Price for Rattans Used Primarily for Plaiting in Kuwait (CIF) - 2022

In 2022, the average import price for rattans used primarily for plaitings amounted to $6,148 per ton, shrinking by -55.5% against the previous year. Over the period under review, the import price, however, showed a significant expansion. The most prominent rate of growth was recorded in 2020 when the average import price increased by 729% against the previous year. Over the period under review, average import prices reached the maximum at $13,805 per ton in 2021, and then shrank rapidly in the following year.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Thailand ($126,862 per ton), while the price for China ($2,527 per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Thailand (+57.5%), while the prices for the other major suppliers experienced more modest paces of growth.

Price for Rattans Used Primarily for Plaiting in Kuwait (FOB) - 2022

The average export price for rattans used primarily for plaitings stood at $616 per ton in 2022, with an increase of 2.1% against the previous year. In general, the export price, however, faced a precipitous descent. The pace of growth was the most pronounced in 2013 when the average export price increased by 94% against the previous year. Over the period under review, the average export prices attained the maximum at $17,747 per ton in 2014; however, from 2015 to 2022, the export prices remained at a lower figure.

As there is only one major export destination, the average price level is determined by prices for the United Arab Emirates.

From 2012 to 2022, the rate of growth in terms of prices for the United Arab Emirates amounted to -21.2% per year.

Imports of Rattans Used Primarily for Plaiting in Kuwait

In 2022, the amount of rattans used primarily for plaitings imported into Kuwait soared to 17 tons, growing by 29% against the previous year's figure. Overall, imports, however, showed a precipitous slump. The most prominent rate of growth was recorded in 2021 when imports increased by 125%.

In value terms, rattans used primarily for plaiting imports fell rapidly to $103K in 2022. Over the period under review, imports enjoyed significant growth. The most prominent rate of growth was recorded in 2021 with an increase of 577%. As a result, imports attained the peak of $180K, and then declined rapidly in the following year.

Top Suppliers of Rattans Used Primarily for Plaiting to Kuwait in 2022:

1. Italy (6.6 tons)
2. Pakistan (5.3 tons)
3. Indonesia (2.5 tons)
4. China (2.1 tons)

Exports of Rattans Used Primarily for Plaiting in Kuwait

In 2022, after three years of growth, there was significant decline in shipments abroad of rattans used primarily for plaitings, when their volume decreased by -5.2% to 589 kg. The total export volume increased at an average annual rate of +5.6% over the period from 2019 to 2022; the trend pattern remained consistent, with only minor fluctuations being recorded throughout the analyzed period. The growth pace was the most rapid in 2021 when exports increased by 11% against the previous year. As a result, the exports reached the peak of 621 kg, and then declined in the following year.

In value terms, rattans used primarily for plaiting exports shrank to $363 in 2022. The total export value increased at an average annual rate of +3.3% over the period from 2019 to 2022; the trend pattern remained consistent, with somewhat noticeable fluctuations being observed in certain years. The growth pace was the most rapid in 2021 when exports increased by 6.8% against the previous year. As a result, the exports reached the peak of $375, and then dropped modestly in the following year.

Top Export Markets for Rattans Used Primarily for Plaiting from Kuwait in 2022:

1. United Arab Emirates (589.0 kg)

Source: IndexBox Market Intelligence Platform