Price for Textile Fabrics, Rubberised; Other than Those of Heading No. 5902 in Kuwait - 2022

Contents:

1. Price for Textile Fabrics, Rubberised; Other than Those of Heading No. 5902 in Kuwait (CIF) - 2022
2. Price for Textile Fabrics, Rubberised; Other than Those of Heading No. 5902 in Kuwait (FOB) - 2022
3. Imports of Textile Fabrics, Rubberised; Other than Those of Heading No. 5902 in Kuwait
4. Exports of Textile Fabrics, Rubberised; Other than Those of Heading No. 5902 in Kuwait

Price for Textile Fabrics, Rubberised; Other than Those of Heading No. 5902 in Kuwait (CIF) - 2022

In December 2022, the average import price for textile fabrics, rubberised; other than those of heading no. 5902s amounted to $3.0 per square meter, flattening at the previous month. Over the period from December 2021 to December 2022, it increased at an average monthly rate of +4.9%. The most prominent rate of growth was recorded in January 2022 when the average import price increased by 87% month-to-month. The import price peaked at $3.4 per square meter in March 2022; however, from April 2022 to December 2022, import prices stood at a somewhat lower figure.

Average prices varied somewhat amongst the major supplying countries. In December 2022, the highest price was recorded for prices from the United States ($3.8 per square meter) and China ($3.0 per square meter), while the price for France ($2.9 per square meter) and Belgium ($2.9 per square meter) were amongst the lowest.

From December 2021 to December 2022, the most notable rate of growth in terms of prices was attained by the United Arab Emirates (+16.5%), while the prices for the other major suppliers experienced more modest paces of growth.

Price for Textile Fabrics, Rubberised; Other than Those of Heading No. 5902 in Kuwait (FOB) - 2022

In 2022, the average export price for textile fabrics, rubberised; other than those of heading no. 5902s amounted to $2.5 per square meter, rising by 27% against the previous year. Over the period under review, export price indicated a strong increase from 2012 to 2022: its price increased at an average annual rate of +8.9% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, export price for textile fabrics, rubberised; other than those of heading no. 5902s increased by +115.1% against 2019 indices. The growth pace was the most rapid in 2020 an increase of 40% against the previous year. Over the period under review, the average export prices attained the maximum in 2022 and is likely to see steady growth in the immediate term.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Qatar ($3 per square meter), while the average price for exports to Saudi Arabia ($0.3 per square meter) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Qatar (+15.2%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Textile Fabrics, Rubberised; Other than Those of Heading No. 5902 in Kuwait

Imports of textile fabrics, rubberised; other than those of heading no. 5902s into Kuwait fell markedly to 451K square meters in 2022, shrinking by -26.6% on 2021 figures. Overall, imports showed a abrupt slump. The most prominent rate of growth was recorded in 2021 when imports increased by 1.4%. Over the period under review, imports of hit record highs at 874K square meters in 2019; however, from 2020 to 2022, imports stood at a somewhat lower figure.

In value terms, imports of textile fabrics, rubberised; other than those of heading no. 5902s dropped notably to $635K in 2022. In general, imports showed a deep setback. The growth pace was the most rapid in 2021 when imports increased by 6.7% against the previous year. Over the period under review, imports of attained the maximum at $1.1M in 2019; however, from 2020 to 2022, imports remained at a lower figure.

Top Suppliers of Textile Fabrics, Rubberised; Other than Those of Heading No. 5902 to Kuwait in 2022:

1. China (158.2K square meters)
2. United Arab Emirates (86.1K square meters)
3. France (56.8K square meters)
4. Jordan (35.4K square meters)
5. Saudi Arabia (22.9K square meters)
6. Japan (16.0K square meters)
7. Italy (15.6K square meters)
8. United States (13.9K square meters)
9. Germany (9.2K square meters)
10. Indonesia (7.7K square meters)
11. India (1.9K square meters)
12. United Kingdom (0.4K square meters)

Exports of Textile Fabrics, Rubberised; Other than Those of Heading No. 5902 in Kuwait

In 2022, approx. 4.4K square meters of textile fabrics, rubberised; other than those of heading no. 5902s were exported from Kuwait; falling by -65.5% on the year before. Over the period under review, exports continue to indicate a abrupt decline. The growth pace was the most rapid in 2021 when exports increased by 300% against the previous year. As a result, the exports attained the peak of 13K square meters, and then reduced notably in the following year.

In value terms, exports of textile fabrics, rubberised; other than those of heading no. 5902s reduced remarkably to $11K in 2022. Overall, exports, however, continue to indicate a significant expansion. The most prominent rate of growth was recorded in 2021 with an increase of 385%. As a result, the exports reached the peak of $25K, and then fell remarkably in the following year.

Top Export Markets for Textile Fabrics, Rubberised; Other than Those of Heading No. 5902 from Kuwait in 2022:

1. Iraq (2957.0 square meters)
2. United Arab Emirates (713.0 square meters)
3. Saudi Arabia (340.0 square meters)
4. Qatar (192.0 square meters)
5. Bahrain (120.0 square meters)
6. Oman (79.0 square meters)

Source: IndexBox Market Intelligence Platform