Price for Synthetic Staple Fibres, Carded, Combed or Otherwise Processed for Spinning in Kuwait - 2022

Contents:

1. Price for Synthetic Staple Fibres, Carded, Combed or Otherwise Processed for Spinning in Kuwait (CIF) - 2022
2. Price for Synthetic Staple Fibres, Carded, Combed or Otherwise Processed for Spinning in Kuwait (FOB) - 2022
3. Imports of Synthetic Staple Fibres, Carded, Combed or Otherwise Processed for Spinning in Kuwait
4. Exports of Synthetic Staple Fibres, Carded, Combed or Otherwise Processed for Spinning in Kuwait

Price for Synthetic Staple Fibres, Carded, Combed or Otherwise Processed for Spinning in Kuwait (CIF) - 2022

In 2022, the average import price for synthetic staple fibres, carded, combed or otherwise processed for spinnings amounted to $6,124 per ton, shrinking by -39.9% against the previous year. In general, the import price, however, showed a relatively flat trend pattern. The most prominent rate of growth was recorded in 2016 an increase of 61%. The import price peaked at $10,461 per ton in 2019; however, from 2020 to 2022, import prices stood at a somewhat 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 Turkey ($28,127 per ton), while the price for Saudi Arabia ($2,902 per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by South Korea (+18.5%), while the prices for the other major suppliers experienced mixed trend patterns.

Price for Synthetic Staple Fibres, Carded, Combed or Otherwise Processed for Spinning in Kuwait (FOB) - 2022

The average export price for synthetic staple fibres, carded, combed or otherwise processed for spinnings stood at $19,596 per ton in 2022, waning by -5.9% against the previous year. Over the period under review, the export price continues to indicate a abrupt decline. The most prominent rate of growth was recorded in 2019 an increase of 107%. Over the period under review, the average export prices attained the maximum at $69,987 per ton in 2017; however, from 2018 to 2022, the export prices remained at a lower figure.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was the United Arab Emirates ($29,524 per ton), while the average price for exports to Iraq stood at $15,061 per ton.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Iraq (-10.0%).

Imports of Synthetic Staple Fibres, Carded, Combed or Otherwise Processed for Spinning in Kuwait

In 2022, approx. 9.2 tons of synthetic staple fibres, carded, combed or otherwise processed for spinnings were imported into Kuwait; growing by 1,158% against the previous year. Overall, imports saw significant growth. As a result, imports attained the peak and are likely to continue growth in the immediate term.

In value terms, imports of synthetic staple fibres, carded, combed or otherwise processed for spinnings surged to $56K in 2022. In general, imports continue to indicate a significant expansion. As a result, imports reached the peak and are likely to continue growth in the immediate term.

Top Suppliers of Synthetic Staple Fibres, Carded, Combed or Otherwise Processed for Spinning to Kuwait in 2022:

1. United Arab Emirates (4.8 tons)
2. China (1.8 tons)
3. Germany (1.0 tons)
4. Saudi Arabia (0.6 tons)
5. India (0.6 tons)

Exports of Synthetic Staple Fibres, Carded, Combed or Otherwise Processed for Spinning in Kuwait

For the fourth year in a row, Kuwait recorded growth in overseas shipments of synthetic staple fibres, carded, combed or otherwise processed for spinnings, which increased by 6.8% to 1.5 tons in 2022. In general, exports posted a significant expansion. The pace of growth was the most pronounced in 2020 with an increase of 124%. Over the period under review, the exports of hit record highs in 2022 and are likely to see steady growth in the immediate term.

In value terms, exports of synthetic staple fibres, carded, combed or otherwise processed for spinnings amounted to $30K in 2022. Overall, exports saw significant growth. The pace of growth appeared the most rapid in 2021 when exports increased by 51%. The exports peaked in 2022 and are expected to retain growth in years to come.

Top Export Markets for Synthetic Staple Fibres, Carded, Combed or Otherwise Processed for Spinning from Kuwait in 2022:

1. Iraq (1053.0 kg)
2. United Arab Emirates (481.0 kg)

Source: IndexBox Market Intelligence Platform