Price for Twine, Cordage or Rope; Knotted Netting, of Other than Man-Made Textiles in Kuwait - 2022

Contents:

1. Price for Twine, Cordage or Rope; Knotted Netting, of Other than Man-Made Textiles in Kuwait (CIF) - 2022
2. Imports of Twine, Cordage or Rope; Knotted Netting, of Other than Man-Made Textiles in Kuwait

Price for Twine, Cordage or Rope; Knotted Netting, of Other than Man-Made Textiles in Kuwait (CIF) - 2022

The average import price for twine, cordage or rope; knotted netting, of other than man-made textileses stood at $1,672 per ton in 2022, which is down by -11.2% against the previous year. In general, the import price recorded a slight reduction. The most prominent rate of growth was recorded in 2015 when the average import price increased by 99.9%. Over the period under review, average import prices reached the peak figure at $3,333 per ton in 2018; however, from 2019 to 2022, import prices failed to regain momentum.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was the United States ($7,193 per ton), while the price for China amounted to $1,340 per ton.

From 2013 to 2022, the most notable rate of growth in terms of prices was attained by Thailand (+10.9%), while the prices for the other major suppliers experienced mixed trend patterns.

Imports of Twine, Cordage or Rope; Knotted Netting, of Other than Man-Made Textiles in Kuwait

For the fourth consecutive year, Kuwait recorded growth in supplies from abroad of twine, cordage or rope; knotted netting, of other than man-made textileses, which increased by 17% to 145 tons in 2022. Over the period under review, imports recorded a significant increase. The growth pace was the most rapid in 2020 with an increase of 52%. Imports peaked in 2022 and are likely to continue growth in the near future.

In value terms, imports of twine, cordage or rope; knotted netting, of other than man-made textileses expanded to $242K in 2022. The total import value increased at an average annual rate of +9.5% over the period from 2019 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The pace of growth was the most pronounced in 2020 with an increase of 15% against the previous year. Over the period under review, imports of hit record highs in 2022 and are likely to see gradual growth in the immediate term.

Top Suppliers of Twine, Cordage or Rope; Knotted Netting, of Other than Man-Made Textiles to Kuwait in 2022:

1. China (137.2 tons)
2. United States (4.1 tons)

Source: IndexBox Market Intelligence Platform