Price for Track Suits; of Synthetic Fibres, Knitted or Crocheted in Kuwait - 2022
Contents:
- Price for Track Suits; of Synthetic Fibres, Knitted or Crocheted in Kuwait (CIF) - 2022
- Price for Track Suits; of Synthetic Fibres, Knitted or Crocheted in Kuwait (FOB) - 2022
- Imports of Track Suits; of Synthetic Fibres, Knitted or Crocheted in Kuwait
- Exports of Track Suits; of Synthetic Fibres, Knitted or Crocheted in Kuwait
Price for Track Suits; of Synthetic Fibres, Knitted or Crocheted in Kuwait (CIF) - 2022
The average import price for track suits; of synthetic fibres, knitted or crocheteds stood at $10 per unit in 2022, remaining relatively unchanged against the previous year. Over the period under review, the import price saw a relatively flat trend pattern. The most prominent rate of growth was recorded in 2015 an increase of 21%. Over the period under review, average import prices hit record highs at $12 per unit in 2018; however, from 2019 to 2022, import prices stood at a somewhat lower figure.
Average prices varied noticeably amongst the major supplying countries. In 2022, amid the top importers, the countries with the highest prices were the United Arab Emirates ($10 per unit) and Indonesia ($9.7 per unit), while the price for Pakistan ($9.7 per unit) and Turkey ($9.7 per unit) were amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Pakistan (+3.6%), while the prices for the other major suppliers experienced more modest paces of growth.
Price for Track Suits; of Synthetic Fibres, Knitted or Crocheted in Kuwait (FOB) - 2022
The average export price for track suits; of synthetic fibres, knitted or crocheteds stood at $13 per unit in 2022, with an increase of 12% against the previous year. Over the period under review, the export price, however, recorded a abrupt curtailment. The pace of growth was the most pronounced in 2020 when the average export price increased by 140%. The export price peaked at $28 per unit in 2013; however, from 2014 to 2022, the export prices remained at a lower figure.
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 ($26 per unit), while the average price for exports to the United Arab Emirates ($11 per unit) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to the United Arab Emirates (+2.0%), while the prices for the other major destinations experienced a decline.
Imports of Track Suits; of Synthetic Fibres, Knitted or Crocheted in Kuwait
For the fourth consecutive year, Kuwait recorded growth in overseas purchases of track suits; of synthetic fibres, knitted or crocheteds, which increased by 56% to 202K units in 2022. Over the period under review, imports posted a significant expansion. As a result, imports attained the peak and are likely to continue growth in the immediate term.
In value terms, imports of track suits; of synthetic fibres, knitted or crocheteds skyrocketed to $2.1M in 2022. Overall, total imports indicated a significant expansion from 2019 to 2022: its value increased at an average annual rate of +20.3% over the last three years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +74.2% against 2019 indices. As a result, imports attained the peak and are likely to continue growth in the immediate term.
| Import of Track Suits; of Synthetic Fibres, Knitted or Crocheted in Kuwait (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| China | 538 | 578 | 467 | 952 | 21.0% |
| United Arab Emirates | 213 | 264 | 291 | 381 | 21.4% |
| India | 154 | 111 | 30.9 | 181 | 5.5% |
| Italy | 36.2 | 26.0 | 42.4 | 114 | 46.6% |
| Indonesia | 14.1 | 34.5 | 59.4 | 66.7 | 67.9% |
| Vietnam | 26.4 | 36.1 | 74.3 | 51.0 | 24.5% |
| Turkey | 49.5 | 59.2 | 49.2 | 47.7 | -1.2% |
| Pakistan | 11.6 | 3.9 | 103 | 7.5 | -13.5% |
| Others | 135 | 150 | 197 | 251 | 23.0% |
| Total | 1,178 | 1,262 | 1,315 | 2,053 | 20.3% |
Top Suppliers of Track Suits; of Synthetic Fibres, Knitted or Crocheted to Kuwait in 2022:
- China (98.5K units)
- United Arab Emirates (36.6K units)
- India (18.7K units)
- Italy (11.8K units)
- Indonesia (6.9K units)
- Vietnam (5.3K units)
- Turkey (4.9K units)
- Pakistan (0.8K units)
Exports of Track Suits; of Synthetic Fibres, Knitted or Crocheted in Kuwait
In 2022, the amount of track suits; of synthetic fibres, knitted or crocheteds exported from Kuwait contracted dramatically to 3.3K units, waning by -37.9% compared with the previous year. Overall, exports saw a significant curtailment. The pace of growth appeared the most rapid in 2021 with an increase of 56% against the previous year. Over the period under review, the exports of attained the peak figure at 9.8K units in 2019; however, from 2020 to 2022, the exports remained at a lower figure.
In value terms, exports of track suits; of synthetic fibres, knitted or crocheteds declined significantly to $42K in 2022. In general, exports showed a precipitous curtailment. The smallest decline of -16.5% was in 2020. Over the period under review, the exports of reached the peak figure at $86K in 2019; however, from 2020 to 2022, the exports failed to regain momentum.
| Export of Track Suits; of Synthetic Fibres, Knitted or Crocheted in Kuwait (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Saudi Arabia | 15.1 | 36.2 | 38.8 | 37.1 | 34.9% |
| United Arab Emirates | 8.2 | 2.3 | 7.3 | 3.9 | -21.9% |
| Bahrain | 59.8 | 33.1 | 9.2 | 0.1 | -88.1% |
| El Salvador | N/A | N/A | 4.1 | N/A | 0% |
| Australia | 2.6 | N/A | N/A | N/A | 0% |
| Others | 0.1 | N/A | 0.4 | 0.6 | 81.7% |
| Total | 85.8 | 71.6 | 59.8 | 41.7 | -21.4% |
Top Export Markets for Track Suits; of Synthetic Fibres, Knitted or Crocheted from Kuwait in 2022:
- Saudi Arabia (2913.0 units)
- United Arab Emirates (365.0 units)
- Bahrain (5.0 units)
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