Price for Tents of Textile Materials Other than Cotton or Synthetic Fibres in Kuwait - 2022

Contents:

1. Price for Tents of Textile Materials Other than Cotton or Synthetic Fibres in Kuwait (CIF) - 2022
2. Price for Tents of Textile Materials Other than Cotton or Synthetic Fibres in Kuwait (FOB) - 2022
3. Imports of Tents of Textile Materials Other than Cotton or Synthetic Fibres in Kuwait
4. Exports of Tents of Textile Materials Other than Cotton or Synthetic Fibres in Kuwait

Price for Tents of Textile Materials Other than Cotton or Synthetic Fibres in Kuwait (CIF) - 2022

In 2022, the average import price for tents of textile materials other than cotton or synthetic fibreses amounted to $2,704 per ton, rising by 20% against the previous year. In general, the import price saw a relatively flat trend pattern. The import price peaked at $3,009 per ton in 2018; however, from 2019 to 2022, import prices failed to regain momentum.

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 Portugal ($8,225 per ton), while the price for Pakistan ($1,963 per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Italy (+18.4%), while the prices for the other major suppliers experienced mixed trend patterns.

Price for Tents of Textile Materials Other than Cotton or Synthetic Fibres in Kuwait (FOB) - 2022

The average export price for tents of textile materials other than cotton or synthetic fibreses stood at $3,300 per ton in 2022, reducing by -28.5% against the previous year. Overall, the export price showed a pronounced shrinkage. The pace of growth appeared the most rapid in 2013 when the average export price increased by 32%. Over the period under review, the average export prices reached the peak figure at $7,995 per ton in 2014; however, from 2015 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 ($25,188 per ton), while the average price for exports to Qatar ($2,183 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 Iraq (+28.1%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Tents of Textile Materials Other than Cotton or Synthetic Fibres in Kuwait

In 2022, approx. 2.8K tons of tents of textile materials other than cotton or synthetic fibreses were imported into Kuwait; surging by 12% on 2021 figures. The total import volume increased at an average annual rate of +5.1% over the period from 2019 to 2022; the trend pattern remained consistent, with somewhat noticeable fluctuations being observed throughout the analyzed period. The pace of growth was the most pronounced in 2021 when imports increased by 13% against the previous year. Imports peaked in 2022 and are likely to continue growth in the near future.

In value terms, imports of tents of textile materials other than cotton or synthetic fibreses skyrocketed to $7.4M in 2022. Overall, total imports indicated a prominent expansion from 2019 to 2022: its value increased at an average annual rate of +10.4% over the last three-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +51.3% against 2020 indices. As a result, imports attained the peak and are likely to continue growth in the immediate term.

Top Suppliers of Tents of Textile Materials Other than Cotton or Synthetic Fibres to Kuwait in 2022:

1. Pakistan (1813.2 tons)
2. Saudi Arabia (588.9 tons)
3. China (146.0 tons)
4. Portugal (86.1 tons)

Exports of Tents of Textile Materials Other than Cotton or Synthetic Fibres in Kuwait

In 2022, the amount of tents of textile materials other than cotton or synthetic fibreses exported from Kuwait soared to 104 tons, rising by 52% against the previous year's figure. In general, exports enjoyed a significant increase. The growth pace was the most rapid in 2020 with an increase of 85%. The exports peaked in 2022 and are expected to retain growth in years to come.

In value terms, exports of tents of textile materials other than cotton or synthetic fibreses amounted to $343K in 2022. Over the period under review, exports saw significant growth. The most prominent rate of growth was recorded in 2020 with an increase of 83% against the previous year. Over the period under review, the exports of hit record highs in 2022 and are expected to retain growth in years to come.

Top Export Markets for Tents of Textile Materials Other than Cotton or Synthetic Fibres from Kuwait in 2022:

1. Qatar (72.5 tons)
2. Saudi Arabia (17.9 tons)
3. Oman (6.4 tons)
4. Morocco (2.1 tons)
5. Iraq (1.2 tons)
6. Jordan (0.3 tons)
7. United Arab Emirates (0.2 tons)

Source: IndexBox Market Intelligence Platform