Price for Statuettes and Other Ornamental Ceramic Articles in Kuwait - 2022

Contents:

1. Price for Statuettes and Other Ornamental Ceramic Articles in Kuwait (CIF) - 2022
2. Price for Statuettes and Other Ornamental Ceramic Articles in Kuwait (FOB) - 2022
3. Imports of Statuettes and Other Ornamental Ceramic Articles in Kuwait
4. Exports of Statuettes and Other Ornamental Ceramic Articles in Kuwait

Price for Statuettes and Other Ornamental Ceramic Articles in Kuwait (CIF) - 2022

In December 2022, the average import price for statuettes and other ornamental ceramic articleses amounted to $9,862 per ton, with an increase of 41% against the previous month. Overall, import price indicated a resilient increase from December 2021 to December 2022: its price increased at an average monthly rate of +5.7% over the last twelve months. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on December 2022 figures, import price for statuettes and other ornamental ceramic articleses increased by +56.5% against October 2022 indices. The import price peaked at $10,334 per ton in September 2022; however, from October 2022 to December 2022, import prices stood at a somewhat lower figure.

There were significant differences in the average prices amongst the major supplying countries. In December 2022, the country with the highest price was Italy ($15,551 per ton), while the price for Turkey ($4,074 per ton) was amongst the lowest.

From December 2021 to December 2022, the most notable rate of growth in terms of prices was attained by Portugal (+7.6%), while the prices for the other major suppliers experienced more modest paces of growth.

Price for Statuettes and Other Ornamental Ceramic Articles in Kuwait (FOB) - 2022

The average export price for statuettes and other ornamental ceramic articleses stood at $7,024 per ton in 2022, reducing by -9.7% against the previous year. Overall, the export price, however, continues to indicate a strong expansion. The pace of growth appeared the most rapid in 2020 when the average export price increased by 299% against the previous year. The export price peaked at $7,778 per ton in 2021, and then declined in the following year.

There were significant differences in the average prices for the major export markets. In 2022, amid the top suppliers, the country with the highest price was Bahrain ($15,321 per ton), while the average price for exports to Saudi Arabia ($6,856 per ton) was amongst the lowest.

From 2013 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Bahrain (+25.5%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Statuettes and Other Ornamental Ceramic Articles in Kuwait

In 2022, approx. 638 tons of statuettes and other ornamental ceramic articleses were imported into Kuwait; falling by -46.8% on the previous year's figure. In general, imports saw a abrupt contraction. The most prominent rate of growth was recorded in 2021 when imports increased by 61% against the previous year. As a result, imports reached the peak of 1.2K tons, and then declined notably in the following year.

In value terms, imports of statuettes and other ornamental ceramic articleses contracted significantly to $5.2M in 2022. Overall, imports showed a noticeable setback. The pace of growth was the most pronounced in 2021 when imports increased by 56% against the previous year. As a result, imports attained the peak of $7M, and then dropped sharply in the following year.

Top Suppliers of Statuettes and Other Ornamental Ceramic Articles to Kuwait in 2022:

1. China (378.0 tons)
2. Portugal (42.3 tons)
3. Germany (28.1 tons)
4. India (20.3 tons)
5. United States (20.3 tons)
6. France (20.1 tons)
7. Italy (19.6 tons)
8. Turkey (17.6 tons)
9. Vietnam (15.8 tons)
10. Sri Lanka (10.9 tons)
11. Spain (10.7 tons)

Exports of Statuettes and Other Ornamental Ceramic Articles in Kuwait

In 2022, shipments abroad of statuettes and other ornamental ceramic articleses increased by 1,400% to 149 tons for the first time since 2019, thus ending a two-year declining trend. Over the period under review, exports enjoyed a significant increase. As a result, the exports attained the peak and are likely to continue growth in the immediate term.

In value terms, exports of statuettes and other ornamental ceramic articleses surged to $1M in 2022. In general, exports saw significant growth. As a result, the exports reached the peak and are likely to continue growth in the immediate term.

Top Export Markets for Statuettes and Other Ornamental Ceramic Articles from Kuwait in 2022:

1. Saudi Arabia (131.0 tons)
2. United Arab Emirates (12.5 tons)
3. Qatar (2.7 tons)

Source: IndexBox Market Intelligence Platform