Price for Rubber; Vulcanised, Conveyor Belts or Belting, Reinforced Only with Metal in Kuwait - 2022
Contents:
- Price for Rubber; Vulcanised, Conveyor Belts or Belting, Reinforced Only with Metal in Kuwait (CIF) - 2022
- Price for Rubber; Vulcanised, Conveyor Belts or Belting, Reinforced Only with Metal in Kuwait (FOB) - 2022
- Imports of Rubber; Vulcanised, Conveyor Belts or Belting, Reinforced Only with Metal in Kuwait
- Exports of Rubber; Vulcanised, Conveyor Belts or Belting, Reinforced Only with Metal in Kuwait
Price for Rubber; Vulcanised, Conveyor Belts or Belting, Reinforced Only with Metal in Kuwait (CIF) - 2022
The average import price for rubber; vulcanised, conveyor belts or belting, reinforced only with metals stood at $10,460 per ton in 2022, waning by -3% against the previous year. Overall, the import price recorded a perceptible contraction. The most prominent rate of growth was recorded in 2019 an increase of 51% against the previous year. The import price peaked at $25,465 per ton in 2016; however, from 2017 to 2022, import prices failed to regain momentum.
Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Italy ($28,754 per ton), while the price for Indonesia ($6,488 per ton) was amongst the lowest.
From 2013 to 2022, the most notable rate of growth in terms of prices was attained by Italy (+1.5%), while the prices for the other major suppliers experienced more modest paces of growth.
Price for Rubber; Vulcanised, Conveyor Belts or Belting, Reinforced Only with Metal in Kuwait (FOB) - 2022
The average export price for rubber; vulcanised, conveyor belts or belting, reinforced only with metals stood at $39,500 per ton in 2022, with an increase of 11% against the previous year. In general, the export price saw resilient growth. The pace of growth appeared the most rapid in 2019 when the average export price increased by 169% against the previous year. Over the period under review, the average export prices hit record highs in 2022 and is expected to retain growth in the immediate term.
As there is only one major export destination, the average price level is determined by prices for Egypt.
From 2012 to 2022, the rate of growth in terms of prices for Egypt amounted to +16.4% per year.
Imports of Rubber; Vulcanised, Conveyor Belts or Belting, Reinforced Only with Metal in Kuwait
In 2022, the amount of rubber; vulcanised, conveyor belts or belting, reinforced only with metals imported into Kuwait surged to 44 tons, with an increase of 84% compared with the year before. Over the period under review, imports showed significant growth. The most prominent rate of growth was recorded in 2021 when imports increased by 364% against the previous year. Over the period under review, imports of attained the peak figure in 2022 and are expected to retain growth in the immediate term.
In value terms, imports of rubber; vulcanised, conveyor belts or belting, reinforced only with metals skyrocketed to $465K in 2022. Overall, imports posted a tangible increase. The most prominent rate of growth was recorded in 2021 when imports increased by 158%. Over the period under review, imports of hit record highs in 2022 and are likely to see steady growth in the near future.
| Import of Rubber; Vulcanised, Conveyor Belts or Belting, Reinforced Only with Metal in Kuwait (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Angola | N/A | N/A | N/A | 160 | 0% |
| India | 18.2 | 5.4 | 2.8 | 148 | 101.1% |
| Germany | 260 | 4.4 | 17.9 | 101 | -27.0% |
| Taiwan (Chinese) | 3.6 | 1.3 | 7.4 | 16.0 | 64.4% |
| Poland | 18.1 | 5.7 | 6.7 | 3.5 | -42.2% |
| United Arab Emirates | 14.8 | 23.0 | 1.5 | N/A | -68.2% |
| Netherlands | 26.7 | 14.5 | 160 | N/A | 144.8% |
| Others | 82.6 | 46.6 | 64.9 | 36.6 | -23.8% |
| Total | 424 | 101 | 261 | 465 | 3.1% |
Top Suppliers of Rubber; Vulcanised, Conveyor Belts or Belting, Reinforced Only with Metal to Kuwait in 2022:
- Angola (24.7 tons)
- India (10.9 tons)
- Germany (4.7 tons)
- Taiwan (Chinese) (2.5 tons)
- Poland (0.5 tons)
Exports of Rubber; Vulcanised, Conveyor Belts or Belting, Reinforced Only with Metal in Kuwait
For the third consecutive year, Kuwait recorded decline in overseas shipments of rubber; vulcanised, conveyor belts or belting, reinforced only with metals, which decreased by -9.1% to 10 kg in 2022. In general, exports saw a sharp decline. The smallest decline of -8.3% was in 2021.
In value terms, exports of rubber; vulcanised, conveyor belts or belting, reinforced only with metals reached $395 in 2022. Overall, exports, however, continue to indicate a relatively flat trend pattern. The growth pace was the most rapid in 2020 when exports increased by 0.8% against the previous year. The exports peaked in 2022 and are expected to retain growth in years to come.
| Export of Rubber; Vulcanised, Conveyor Belts or Belting, Reinforced Only with Metal in Kuwait (USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Egypt | 386 | 389 | 392 | 395 | 0.8% |
| Others | N/A | N/A | N/A | N/A | 0% |
| Total | 386 | 389 | 392 | 395 | 0.8% |
Top Export Markets for Rubber; Vulcanised, Conveyor Belts or Belting, Reinforced Only with Metal from Kuwait in 2022:
- Egypt (10.0 kg)
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