Price for Rubber Thread and Cord; Textile Covered in Kuwait - 2022
Contents:
- Price for Rubber Thread and Cord; Textile Covered in Kuwait (CIF) - 2022
- Price for Rubber Thread and Cord; Textile Covered in Kuwait (FOB) - 2022
- Imports of Rubber Thread and Cord; Textile Covered in Kuwait
- Exports of Rubber Thread and Cord; Textile Covered in Kuwait
Price for Rubber Thread and Cord; Textile Covered in Kuwait (CIF) - 2022
The average import price for rubber thread and cord; textile covereds stood at $6,004 per ton in 2022, surging by 12% against the previous year. Over the period from 2012 to 2022, it increased at an average annual rate of +3.7%. The most prominent rate of growth was recorded in 2015 an increase of 22%. Over the period under review, average import prices reached the maximum in 2022 and is likely to see gradual growth in years to come.
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 the United Arab Emirates ($6,396 per ton), while the price for Saudi Arabia ($1,100 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Pakistan (+11.1%), while the prices for the other major suppliers experienced more modest paces of growth.
Price for Rubber Thread and Cord; Textile Covered in Kuwait (FOB) - 2022
The average export price for rubber thread and cord; textile covereds stood at $6,379 per ton in 2022, growing by 88% against the previous year. In general, the export price continues to indicate a remarkable increase. The pace of growth was the most pronounced in 2016 an increase of 226%. As a result, the export price attained the peak level of $9,100 per ton. From 2017 to 2022, the average export prices remained at a lower figure.
There were significant differences in the average prices for the major overseas markets. In 2022, amid the top suppliers, the country with the highest price was Iran ($39,333 per ton), while the average price for exports to Egypt ($1,947 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 Egypt (+26.5%), while the prices for the other major destinations experienced more modest paces of growth.
Imports of Rubber Thread and Cord; Textile Covered in Kuwait
In 2022, the amount of rubber thread and cord; textile covereds imported into Kuwait reduced markedly to 79 tons, which is down by -19.2% on 2021 figures. Over the period under review, total imports indicated buoyant growth from 2019 to 2022: its volume increased at an average annual rate of +7.7% 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 +34.5% against 2020 indices. The pace of growth was the most pronounced in 2021 when imports increased by 66% against the previous year. As a result, imports attained the peak of 98 tons, and then declined notably in the following year.
In value terms, imports of rubber thread and cord; textile covereds reduced to $474K in 2022. Overall, total imports indicated buoyant growth from 2019 to 2022: its value increased at an average annual rate of +17.4% over the last three-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +61.6% against 2019 indices. The most prominent rate of growth was recorded in 2021 with an increase of 68% against the previous year. As a result, imports attained the peak of $522K, and then contracted in the following year.
| Import of Rubber Thread and Cord; Textile Covered in Kuwait (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| United Arab Emirates | 72.2 | 39.1 | 181 | 257 | 52.7% |
| China | 58.3 | 135 | 222 | 131 | 31.0% |
| Taiwan (Chinese) | 21.8 | 36.0 | 17.9 | 30.9 | 12.3% |
| India | 5.6 | 4.5 | 6.9 | 7.4 | 9.7% |
| Saudi Arabia | 14.6 | 2.3 | 0.5 | 7.1 | -21.4% |
| Others | 121 | 94.7 | 93.9 | 40.7 | -30.5% |
| Total | 293 | 312 | 522 | 474 | 17.4% |
Top Suppliers of Rubber Thread and Cord; Textile Covered to Kuwait in 2022:
- United Arab Emirates (40.2 tons)
- China (20.5 tons)
- Saudi Arabia (6.5 tons)
- Taiwan (Chinese) (4.8 tons)
- India (2.5 tons)
Exports of Rubber Thread and Cord; Textile Covered in Kuwait
In 2022, shipments abroad of rubber thread and cord; textile covereds increased by 49% to 116 kg for the first time since 2019, thus ending a two-year declining trend. In general, exports, however, faced a sharp descent.
In value terms, exports of rubber thread and cord; textile covereds surged to $740 in 2022. Overall, exports, however, showed a precipitous decrease.
| Export of Rubber Thread and Cord; Textile Covered in Kuwait (USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Iran | 784 | 834 | 134 | 472 | -15.6% |
| Egypt | 1,699 | 1,156 | 102 | 146 | -55.9% |
| United Arab Emirates | 353 | 235 | 18.0 | 89.0 | -36.8% |
| Qatar | 91.0 | 82.0 | 11.0 | 33.0 | -28.7% |
| Others | 375 | N/A | N/A | N/A | 0% |
| Total | 3,302 | 2,307 | 265 | 740 | -39.3% |
Top Export Markets for Rubber Thread and Cord; Textile Covered from Kuwait in 2022:
- Egypt (75.0 kg)
- United Arab Emirates (20.0 kg)
- Iran (12.0 kg)
- Qatar (9.0 kg)
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