Price for Wadding; Other Articles Thereof, of Cotton in Kuwait - 2022
Contents:
- Price for Wadding; Other Articles Thereof, of Cotton in Kuwait (CIF) - 2022
- Price for Wadding; Other Articles Thereof, of Cotton in Kuwait (FOB) - 2022
- Imports of Wadding; Other Articles Thereof, of Cotton in Kuwait
- Exports of Wadding; Other Articles Thereof, of Cotton in Kuwait
Price for Wadding; Other Articles Thereof, of Cotton in Kuwait (CIF) - 2022
In 2022, the average import price for wadding; other articles thereof, of cotta amounted to $6,518 per ton, with a decrease of -20.4% against the previous year. Over the last decade, it increased at an average annual rate of +2.3%. The pace of growth was the most pronounced in 2013 an increase of 50%. Over the period under review, average import prices hit record highs at $8,447 per ton in 2014; however, from 2015 to 2022, import prices remained at a lower figure.
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 Saudi Arabia ($11,588 per ton), while the price for Turkey ($4,467 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by the United Arab Emirates (+4.3%), while the prices for the other major suppliers experienced more modest paces of growth.
Price for Wadding; Other Articles Thereof, of Cotton in Kuwait (FOB) - 2022
In 2022, the average export price for wadding; other articles thereof, of cotta amounted to $5,740 per ton, dropping by -40.9% against the previous year. Over the period under review, the export price continues to indicate a slight downturn. The most prominent rate of growth was recorded in 2017 an increase of 78% against the previous year. Over the period under review, the average export prices attained the maximum at $14,970 per ton in 2020; however, from 2021 to 2022, the export prices remained at a lower figure.
Average prices varied noticeably for the major overseas markets. In 2022, amid the top suppliers, the country with the highest price was Jordan ($5,740 per ton), while the average price for exports to Qatar totaled $5,740 per ton.
From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Qatar (-2.1%).
Imports of Wadding; Other Articles Thereof, of Cotton in Kuwait
In 2022, overseas purchases of wadding; other articles thereof, of cotta were finally on the rise to reach 931 tons after two years of decline. Overall, total imports indicated prominent growth from 2019 to 2022: its volume increased at an average annual rate of +12.5% over the last three-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. As a result, imports reached the peak and are likely to continue growth in the immediate term.
In value terms, imports of wadding; other articles thereof, of cotta soared to $6.1M in 2022. The total import value increased at an average annual rate of +8.6% from 2019 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. As a result, imports attained the peak and are likely to continue growth in the immediate term.
Import of Wadding; Other Articles Thereof, of Cotton in Kuwait (Thousand USD) | |||||
---|---|---|---|---|---|
COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
Italy | 2,279 | 2,983 | 1,984 | 2,746 | 6.4% |
Turkey | 1,060 | 829 | 1,163 | 1,219 | 4.8% |
France | 398 | 343 | 389 | 534 | 10.3% |
China | 270 | 396 | 206 | 340 | 8.0% |
Saudi Arabia | 16.8 | 23.9 | 48.9 | 329 | 169.5% |
Greece | 143 | 138 | 217 | 319 | 30.7% |
Netherlands | 212 | 192 | 146 | 221 | 1.4% |
Others | 364 | 299 | 293 | 359 | -0.5% |
Total | 4,741 | 5,204 | 4,447 | 6,066 | 8.6% |
Top Suppliers of Wadding; Other Articles Thereof, of Cotton to Kuwait in 2022:
- Italy (301.0 tons)
- Turkey (272.9 tons)
- China (76.2 tons)
- Greece (71.3 tons)
- France (64.3 tons)
- Netherlands (49.5 tons)
- Saudi Arabia (28.4 tons)
Exports of Wadding; Other Articles Thereof, of Cotton in Kuwait
In 2022, approx. 56 tons of wadding; other articles thereof, of cotta were exported from Kuwait; rising by 68% against the year before. Over the period under review, exports saw a significant increase. As a result, the exports reached the peak and are likely to continue growth in the immediate term.
In value terms, exports of wadding; other articles thereof, of cotta contracted to $319K in 2022. The total export value increased at an average annual rate of +3.6% from 2019 to 2022; however, the trend pattern remained relatively stable, with somewhat noticeable fluctuations being recorded in certain years. The pace of growth was the most pronounced in 2020 with an increase of 31%. As a result, the exports reached the peak of $375K. From 2021 to 2022, the growth of the exports of remained at a lower figure.
Export of Wadding; Other Articles Thereof, of Cotton in Kuwait (Thousand USD) | |||||
---|---|---|---|---|---|
COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
Qatar | 263 | 356 | 288 | 311 | 5.7% |
Jordan | 23.7 | 18.6 | 14.2 | 8.5 | -29.0% |
Lebanon | N/A | N/A | 19.5 | N/A | 0% |
Others | N/A | N/A | N/A | N/A | 0% |
Total | 287 | 375 | 322 | 319 | 3.6% |
Top Export Markets for Wadding; Other Articles Thereof, of Cotton from Kuwait in 2022:
- Qatar (54.1 tons)
- Jordan (1.5 tons)
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This report provides an in-depth analysis of the wadding market in Kuwait.
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