Price for Tools, Hand; Other than Household Tools in Kuwait - 2022
Contents:
- Price for Tools, Hand; Other than Household Tools in Kuwait (CIF) - 2022
- Price for Tools, Hand; Other than Household Tools in Kuwait (FOB) - 2022
- Imports of Tools, Hand; Other than Household Tools in Kuwait
- Exports of Tools, Hand; Other than Household Tools in Kuwait
Price for Tools, Hand; Other than Household Tools in Kuwait (CIF) - 2022
The average import price for tools, hand; other than household toolses stood at $24,624 per ton in 2022, surging by 75% against the previous year. In general, the import price saw a prominent increase. As a result, import price reached the peak level and is likely to continue growth in the immediate term.
Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was the United States ($129,186 per ton), while the price for the United Arab Emirates ($4,874 per ton) was amongst the lowest.
From 2013 to 2022, the most notable rate of growth in terms of prices was attained by the United States (+19.7%), while the prices for the other major suppliers experienced more modest paces of growth.
Price for Tools, Hand; Other than Household Tools in Kuwait (FOB) - 2022
The average export price for tools, hand; other than household toolses stood at $15,320 per ton in 2022, surging by 37% against the previous year. In general, the export price showed a relatively flat trend pattern. The most prominent rate of growth was recorded in 2016 an increase of 87%. Over the period under review, the average export prices reached the maximum in 2022 and is likely to see gradual growth in the near future.
Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Switzerland ($34,185 per ton), while the average price for exports to Qatar ($2,640 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 Saudi Arabia (+28.6%), while the prices for the other major destinations experienced more modest paces of growth.
Imports of Tools, Hand; Other than Household Tools in Kuwait
In 2022, imports of tools, hand; other than household toolses into Kuwait reduced notably to 203 tons, declining by -33% on the previous year's figure. Overall, imports recorded a precipitous decrease. The pace of growth appeared the most rapid in 2021 when imports increased by 20%.
In value terms, imports of tools, hand; other than household toolses surged to $5M in 2022. In general, imports saw a abrupt slump.
| Import of Tools, Hand; Other than Household Tools in Kuwait (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| China | 1,528 | 1,061 | 1,063 | 1,535 | 0.2% |
| Taiwan (Chinese) | 1,225 | N/A | 778 | 955 | -8.0% |
| United States | 1,396 | 923 | 668 | 780 | -17.6% |
| Germany | 1,013 | 468 | 286 | 479 | -22.1% |
| Italy | 301 | 109 | 164 | 298 | -0.3% |
| India | 193 | 72.5 | 85.3 | 60.7 | -32.0% |
| Turkey | 91.5 | 78.5 | 38.6 | 46.4 | -20.3% |
| United Arab Emirates | 384 | 309 | 467 | 13.5 | -67.2% |
| Others | 977 | 1,460 | 722 | 840 | -4.9% |
| Total | 7,108 | 4,481 | 4,271 | 5,006 | -11.0% |
Top Suppliers of Tools, Hand; Other than Household Tools to Kuwait in 2022:
- China (99.9 tons)
- Taiwan (Chinese) (39.6 tons)
- Germany (18.4 tons)
- Italy (11.3 tons)
- United States (6.0 tons)
- India (4.0 tons)
- Turkey (3.1 tons)
- United Arab Emirates (2.8 tons)
Exports of Tools, Hand; Other than Household Tools in Kuwait
In 2022, approx. 13 tons of tools, hand; other than household toolses were exported from Kuwait; declining by -68.6% against 2021 figures. Over the period under review, exports showed a precipitous decline. The most prominent rate of growth was recorded in 2021 when exports increased by 53%.
In value terms, exports of tools, hand; other than household toolses reduced markedly to $200K in 2022. In general, exports recorded a precipitous descent. The pace of growth was the most pronounced in 2021 when exports increased by 152%.
| Export of Tools, Hand; Other than Household Tools in Kuwait (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Switzerland | N/A | N/A | N/A | 42.5 | 0% |
| Tunisia | N/A | N/A | N/A | 28.3 | 0% |
| Morocco | 42.3 | 38.0 | 39.2 | 22.6 | -18.9% |
| United States | 5.0 | N/A | 231 | 21.2 | 61.9% |
| Egypt | 35.7 | 0.9 | N/A | 19.2 | -18.7% |
| United Arab Emirates | 12.2 | 5.0 | 6.9 | 18.1 | 14.1% |
| Denmark | N/A | N/A | N/A | 10.2 | 0% |
| Iraq | 0.6 | 5.1 | 29.3 | 8.4 | 141.0% |
| Russia | N/A | 3.9 | 31.2 | 8.3 | 45.9% |
| Comoros | N/A | 9.8 | N/A | N/A | 0% |
| Germany | 878 | 49.8 | 12.8 | N/A | -87.9% |
| India | 17.3 | N/A | 2.0 | N/A | -66.0% |
| Iran | 16.0 | 11.1 | N/A | N/A | -30.6% |
| Others | 38.9 | 61.2 | 113 | 21.0 | -18.6% |
| Total | 1,046 | 185 | 465 | 200 | -42.4% |
Top Export Markets for Tools, Hand; Other than Household Tools from Kuwait in 2022:
- United States (3.5 tons)
- Tunisia (1.7 tons)
- Switzerland (1.2 tons)
- Russia (1.1 tons)
- Iraq (1.0 tons)
- Egypt (0.8 tons)
- Morocco (0.8 tons)
- United Arab Emirates (0.7 tons)
- Denmark (0.6 tons)
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