Price for Wadding; Other Articles Thereof, of Cotton in Kuwait - 2022

Contents:

1. Price for Wadding; Other Articles Thereof, of Cotton in Kuwait (CIF) - 2022
2. Price for Wadding; Other Articles Thereof, of Cotton in Kuwait (FOB) - 2022
3. Imports of Wadding; Other Articles Thereof, of Cotton in Kuwait
4. 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.

Top Suppliers of Wadding; Other Articles Thereof, of Cotton to Kuwait in 2022:

1. Italy (301.0 tons)
2. Turkey (272.9 tons)
3. China (76.2 tons)
4. Greece (71.3 tons)
5. France (64.3 tons)
6. Netherlands (49.5 tons)
7. 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.

Top Export Markets for Wadding; Other Articles Thereof, of Cotton from Kuwait in 2022:

1. Qatar (54.1 tons)
2. Jordan (1.5 tons)

Source: IndexBox Market Intelligence Platform