Price for Rubber; Unvulcanised, Other than "Camel Back" Strips for Retreading Rubber Tyres in Kuwait - 2022
Contents:
- Price for Rubber; Unvulcanised, Other than "Camel Back" Strips for Retreading Rubber Tyres in Kuwait (CIF) - 2022
- Price for Rubber; Unvulcanised, Other than "Camel Back" Strips for Retreading Rubber Tyres in Kuwait (FOB) - 2022
- Imports of Rubber; Unvulcanised, Other than "Camel Back" Strips for Retreading Rubber Tyres in Kuwait
- Exports of Rubber; Unvulcanised, Other than "Camel Back" Strips for Retreading Rubber Tyres in Kuwait
Price for Rubber; Unvulcanised, Other than "Camel Back" Strips for Retreading Rubber Tyres in Kuwait (CIF) - 2022
The average import price for rubber stood at $13,093 per ton in 2022, with a decrease of -6.5% against the previous year. In general, the import price, however, posted a buoyant increase. The pace of growth was the most pronounced in 2014 when the average import price increased by 51%. The import price peaked at $15,868 per ton in 2020; however, from 2021 to 2022, import prices remained at a 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 Taiwan (Chinese) ($35,481 per ton), while the price for Saudi Arabia ($2,850 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Taiwan (Chinese) (+21.0%), while the prices for the other major suppliers experienced more modest paces of growth.
Price for Rubber; Unvulcanised, Other than "Camel Back" Strips for Retreading Rubber Tyres in Kuwait (FOB) - 2022
The average export price for rubber stood at $11,215 per ton in 2022, shrinking by -2.2% against the previous year. Overall, the export price, however, showed a prominent increase. The pace of growth appeared the most rapid in 2019 when the average export price increased by 86% against the previous year. As a result, the export price reached the peak level of $17,419 per ton. From 2020 to 2022, the average export prices failed to regain momentum.
Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Qatar ($33,194 per ton), while the average price for exports to Iraq ($1,295 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 Belgium (+65.9%), while the prices for the other major destinations experienced more modest paces of growth.
Imports of Rubber; Unvulcanised, Other than "Camel Back" Strips for Retreading Rubber Tyres in Kuwait
For the third consecutive year, Kuwait recorded decline in supplies from abroad of rubber, which decreased by -65.9% to 33 tons in 2022. Overall, imports saw a precipitous setback. The smallest decline of -4.4% was in 2021.
In value terms, imports of rubber shrank significantly to $430K in 2022. In general, imports continue to indicate a dramatic downturn. The smallest decline of -15.6% was in 2021.
| Import of Rubber; Unvulcanised, Other than "Camel Back" Strips for Retreading Rubber Tyres in Kuwait (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| United Kingdom | 192 | 319 | 202 | 82.5 | -24.5% |
| Japan | 612 | 325 | 360 | 45.1 | -58.1% |
| Thailand | 130 | 45.2 | 138 | 31.6 | -37.6% |
| United States | 223 | 208 | 72.9 | 28.0 | -49.9% |
| China | 142 | 45.0 | 89.9 | 25.7 | -43.4% |
| United Arab Emirates | 42.1 | 40.4 | 29.8 | 9.8 | -38.5% |
| India | 42.4 | 18.4 | 26.4 | 7.5 | -43.9% |
| Turkey | 8.6 | 17.5 | 71.0 | 5.1 | -16.0% |
| Saudi Arabia | 325 | 164 | 29.5 | 3.0 | -79.0% |
| Others | 385 | 418 | 330 | 192 | -20.7% |
| Total | 2,101 | 1,599 | 1,350 | 430 | -41.1% |
Top Suppliers of Rubber; Unvulcanised, Other than "Camel Back" Strips for Retreading Rubber Tyres to Kuwait in 2022:
- United Kingdom (9.3 tons)
- China (7.5 tons)
- United States (2.1 tons)
- Thailand (2.1 tons)
- United Arab Emirates (1.9 tons)
- Japan (1.4 tons)
- India (1.3 tons)
- Saudi Arabia (1.0 tons)
- Turkey (0.7 tons)
Exports of Rubber; Unvulcanised, Other than "Camel Back" Strips for Retreading Rubber Tyres in Kuwait
In 2022, after three years of growth, there was significant decline in shipments abroad of rubber, when their volume decreased by -66.4% to 2.3 tons. Overall, exports, however, showed a significant expansion. The most prominent rate of growth was recorded in 2020 when exports increased by 670% against the previous year.
In value terms, exports of rubber shrank notably to $26K in 2022. Over the period under review, exports, however, posted significant growth. The pace of growth appeared the most rapid in 2020 with an increase of 519%.
| Export of Rubber; Unvulcanised, Other than "Camel Back" Strips for Retreading Rubber Tyres in Kuwait (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Saudi Arabia | 0.3 | 6.4 | 5.8 | 6.6 | 180.2% |
| United Arab Emirates | 0.5 | 3.2 | 17.2 | 5.8 | 126.4% |
| Oman | 0.7 | 3.1 | 7.5 | 5.6 | 100.0% |
| Jordan | 0.6 | 2.5 | 5.1 | 3.2 | 74.7% |
| Qatar | 0.5 | 2.0 | 3.9 | 2.4 | 68.7% |
| Iraq | 0.2 | 1.2 | 1.8 | 0.8 | 58.7% |
| Iran | N/A | 0.1 | 0.4 | 0.3 | 73.2% |
| Belgium | N/A | N/A | 36.3 | N/A | 0% |
| Others | 0.4 | 1.4 | 2.0 | 1.5 | 55.4% |
| Total | 3.2 | 20.1 | 80.0 | 26.3 | 101.8% |
Top Export Markets for Rubber; Unvulcanised, Other than "Camel Back" Strips for Retreading Rubber Tyres from Kuwait in 2022:
- United Arab Emirates (696.0 kg)
- Iraq (593.0 kg)
- Oman (374.0 kg)
- Saudi Arabia (253.0 kg)
- Jordan (132.0 kg)
- Iran (128.0 kg)
- Qatar (72.0 kg)
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