Price for Rubber; Vulcanised (Other than Hard Rubber), Gloves Other than Surgical Gloves in Kuwait - 2022

Contents:

1. Price for Rubber; Vulcanised (Other than Hard Rubber), Gloves Other than Surgical Gloves in Kuwait (CIF) - 2022
2. Price for Rubber; Vulcanised (Other than Hard Rubber), Gloves Other than Surgical Gloves in Kuwait (FOB) - 2022
3. Imports of Rubber; Vulcanised (Other than Hard Rubber), Gloves Other than Surgical Gloves in Kuwait
4. Exports of Rubber; Vulcanised (Other than Hard Rubber), Gloves Other than Surgical Gloves in Kuwait

Price for Rubber; Vulcanised (Other than Hard Rubber), Gloves Other than Surgical Gloves in Kuwait (CIF) - 2022

The average import price for rubber; vulcanised (other than hard rubber), gloves other than surgical gloveses stood at $8,772 per ton in 2022, with a decrease of -15.8% against the previous year. Over the period under review, the import price, however, continues to indicate a temperate increase. The most prominent rate of growth was recorded in 2021 when the average import price increased by 46% against the previous year. As a result, import price attained the peak level of $10,418 per ton, and then declined rapidly in the following year.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Sri Lanka ($23,988 per ton), while the price for Indonesia ($4,551 per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Sri Lanka (+8.6%), while the prices for the other major suppliers experienced more modest paces of growth.

Price for Rubber; Vulcanised (Other than Hard Rubber), Gloves Other than Surgical Gloves in Kuwait (FOB) - 2022

The average export price for rubber; vulcanised (other than hard rubber), gloves other than surgical gloveses stood at $8,859 per ton in 2022, with an increase of 85% against the previous year. Over the period under review, export price indicated a slight increase from 2012 to 2022: its price increased at an average annual rate of +1.7% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. 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 Saudi Arabia ($9,280 per ton), while the average price for exports to the United Arab Emirates ($1,821 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 India (+0.1%), while the prices for the other major destinations experienced a decline.

Imports of Rubber; Vulcanised (Other than Hard Rubber), Gloves Other than Surgical Gloves in Kuwait

In 2022, the amount of rubber; vulcanised (other than hard rubber), gloves other than surgical gloveses imported into Kuwait totaled 943 tons, approximately equating the year before. In general, imports recorded a relatively flat trend pattern. The most prominent rate of growth was recorded in 2020 with an increase of 2.5% against the previous year. As a result, imports reached the peak of 953 tons. From 2021 to 2022, the growth of imports of failed to regain momentum.

In value terms, imports of rubber; vulcanised (other than hard rubber), gloves other than surgical gloveses plummeted to $8.3M in 2022. Over the period under review, total imports indicated strong growth from 2019 to 2022: its value increased at an average annual rate of +19.2% 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 +69.3% against 2019 indices. The most prominent rate of growth was recorded in 2021 with an increase of 43% against the previous year. As a result, imports reached the peak of $9.7M, and then contracted markedly in the following year.

Top Suppliers of Rubber; Vulcanised (Other than Hard Rubber), Gloves Other than Surgical Gloves to Kuwait in 2022:

1. Malaysia (665.6 tons)
2. China (155.4 tons)
3. Saudi Arabia (47.5 tons)
4. Sri Lanka (20.7 tons)
5. United Arab Emirates (18.4 tons)

Exports of Rubber; Vulcanised (Other than Hard Rubber), Gloves Other than Surgical Gloves in Kuwait

After three years of growth, shipments abroad of rubber; vulcanised (other than hard rubber), gloves other than surgical gloveses decreased by -47.9% to 28 tons in 2022. Over the period under review, exports, however, saw a significant increase. The most prominent rate of growth was recorded in 2020 when exports increased by 1,453%.

In value terms, exports of rubber; vulcanised (other than hard rubber), gloves other than surgical gloveses dropped modestly to $244K in 2022. Overall, exports, however, continue to indicate a significant expansion. The most prominent rate of growth was recorded in 2020 when exports increased by 2,124% against the previous year.

Top Export Markets for Rubber; Vulcanised (Other than Hard Rubber), Gloves Other than Surgical Gloves from Kuwait in 2022:

1. Saudi Arabia (25.4 tons)
2. Qatar (1.0 tons)
3. United Arab Emirates (0.9 tons)
4. India (0.1 tons)

Source: IndexBox Market Intelligence Platform