Price for Sanitary Ware and Parts Thereof, of Iron or Steel in Kuwait - 2022

Contents:

1. Price for Sanitary Ware and Parts Thereof, of Iron or Steel in Kuwait (CIF) - 2022
2. Price for Sanitary Ware and Parts Thereof, of Iron or Steel in Kuwait (FOB) - 2022
3. Imports of Sanitary Ware and Parts Thereof, of Iron or Steel in Kuwait
4. Exports of Sanitary Ware and Parts Thereof, of Iron or Steel in Kuwait

Price for Sanitary Ware and Parts Thereof, of Iron or Steel in Kuwait (CIF) - 2022

The average import price for sanitary ware and parts thereof, of iron or steel stood at $8.8 per unit in 2022, picking up by 17% against the previous year. Over the period under review, import price indicated noticeable growth from 2012 to 2022: its price increased at an average annual rate of +2.6% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. The pace of growth was the most pronounced in 2015 an increase of 26%. Over the period under review, average import prices attained the peak figure at $9.3 per unit in 2018; however, from 2019 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) ($11 per unit), while the price for Indonesia ($3.5 per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Indonesia (+6.9%), while the prices for the other major suppliers experienced more modest paces of growth.

Price for Sanitary Ware and Parts Thereof, of Iron or Steel in Kuwait (FOB) - 2022

In 2022, the average export price for sanitary ware and parts thereof, of iron or steel amounted to $11 per unit, picking up by 75% against the previous year. Overall, the export price showed resilient growth. As a result, the export price reached the peak level and is likely to continue growth in the immediate term.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Syrian Arab Republic ($31 per unit), while the average price for exports to the United Arab Emirates ($2.7 per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Syrian Arab Republic (+19.6%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Sanitary Ware and Parts Thereof, of Iron or Steel in Kuwait

In 2022, approx. 1.4M units of sanitary ware and parts thereof, of iron or steel were imported into Kuwait; leveling off at the previous year. In general, total imports indicated a resilient increase from 2019 to 2022: its volume increased at an average annual rate of +7.9% 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 +55.3% against 2020 indices. The most prominent rate of growth was recorded in 2021 with an increase of 54% against the previous year. Over the period under review, imports of hit record highs in 2022 and are expected to retain growth in the immediate term.

In value terms, imports of sanitary ware and parts thereof, of iron or steel soared to $12M in 2022. Over the period under review, total imports indicated a resilient expansion from 2019 to 2022: its value increased at an average annual rate of +10.3% 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 +65.5% against 2020 indices. The pace of growth appeared the most rapid in 2021 with an increase of 40% against the previous year. Over the period under review, imports of attained the maximum in 2022 and are likely to see gradual growth in years to come.

Top Suppliers of Sanitary Ware and Parts Thereof, of Iron or Steel to Kuwait in 2022:

1. China (588.5K units)
2. Italy (212.2K units)
3. Germany (77.9K units)
4. Spain (71.3K units)
5. Indonesia (63.1K units)
6. Saudi Arabia (49.9K units)
7. United States (47.2K units)
8. South Korea (41.7K units)
9. Taiwan (Chinese) (41.5K units)
10. Turkey (38.0K units)
11. Egypt (21.5K units)
12. United Kingdom (20.0K units)

Exports of Sanitary Ware and Parts Thereof, of Iron or Steel in Kuwait

In 2022, after two years of decline, there was significant growth in overseas shipments of sanitary ware and parts thereof, of iron or steel, when their volume increased by 446% to 13K units. Overall, exports, however, faced a precipitous decline. Over the period under review, the exports of attained the maximum at 31K units in 2019; however, from 2020 to 2022, the exports failed to regain momentum.

In value terms, exports of sanitary ware and parts thereof, of iron or steel surged to $140K in 2022. In general, exports continue to indicate slight growth. As a result, the exports reached the peak and are likely to continue growth in the immediate term.

Top Export Markets for Sanitary Ware and Parts Thereof, of Iron or Steel from Kuwait in 2022:

1. Saudi Arabia (4.2K units)
2. Qatar (2.0K units)
3. United Arab Emirates (1.9K units)
4. Syrian Arab Republic (1.1K units)
5. Bahrain (0.8K units)
6. Oman (0.8K units)
7. Lebanon (0.7K units)
8. India (0.6K units)
9. Iraq (0.1K units)

Source: IndexBox Market Intelligence Platform