Price for Wood; Statuettes and Other Ornaments of Wood in Kuwait - 2022
Contents:
- Price for Wood; Statuettes and Other Ornaments of Wood in Kuwait (CIF) - 2022
- Price for Wood; Statuettes and Other Ornaments of Wood in Kuwait (FOB) - 2022
- Imports of Wood; Statuettes and Other Ornaments of Wood in Kuwait
- Exports of Wood; Statuettes and Other Ornaments of Wood in Kuwait
Price for Wood; Statuettes and Other Ornaments of Wood in Kuwait (CIF) - 2022
The average import price for wood; statuettes and other ornaments of wood stood at $10,780 per ton in 2022, increasing by 10% against the previous year. Overall, import price indicated noticeable growth from 2012 to 2022: its price increased at an average annual rate of +2.7% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, import price for wood; statuettes and other ornaments of wood increased by +127.8% against 2017 indices. The most prominent rate of growth was recorded in 2021 when the average import price increased by 46%. The import price peaked in 2022 and is likely to continue growth in years to come.
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 Indonesia ($42,709 per ton), while the price for Taiwan (Chinese) ($3,004 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Indonesia (+30.9%), while the prices for the other major suppliers experienced more modest paces of growth.
Price for Wood; Statuettes and Other Ornaments of Wood in Kuwait (FOB) - 2022
The average export price for wood; statuettes and other ornaments of wood stood at $2,785 per ton in 2022, reducing by -24.7% against the previous year. Overall, the export price saw a perceptible setback. The growth pace was the most rapid in 2013 an increase of 60% against the previous year. The export price peaked at $8,921 per ton in 2015; however, from 2016 to 2022, the export prices failed to regain momentum.
There were significant differences in the average prices for the major external markets. In 2022, amid the top suppliers, the country with the highest price was Italy ($3,917 per ton), while the average price for exports to Saudi Arabia ($667 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Turkey (+2.9%), while the prices for the other major destinations experienced a decline.
Imports of Wood; Statuettes and Other Ornaments of Wood in Kuwait
In 2022, after three years of growth, there was significant decline in overseas purchases of wood; statuettes and other ornaments of wood, when their volume decreased by -31.4% to 46 tons. Overall, imports showed a perceptible decrease. The growth pace was the most rapid in 2021 with an increase of 26% against the previous year. As a result, imports attained the peak of 68 tons, and then fell notably in the following year.
In value terms, imports of wood; statuettes and other ornaments of wood declined rapidly to $500K in 2022. Over the period under review, imports, however, continue to indicate a remarkable increase. The pace of growth was the most pronounced in 2021 with an increase of 84%. As a result, imports reached the peak of $660K, and then declined rapidly in the following year.
| Import of Wood; Statuettes and Other Ornaments of Wood in Kuwait (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| China | 145 | 118 | 199 | 146 | 0.2% |
| Indonesia | 11.5 | 7.4 | 110 | 81.1 | 91.8% |
| India | 31.7 | 28.3 | 83.7 | 61.5 | 24.7% |
| Jordan | 49.8 | 41.9 | 69.0 | 50.6 | 0.5% |
| Ukraine | 3.5 | 17.3 | 35.2 | 25.9 | 94.9% |
| United States | 24.9 | 28.3 | 9.7 | 18.3 | -9.8% |
| Turkey | 2.4 | 1.0 | 8.1 | 6.0 | 35.7% |
| Taiwan (Chinese) | 5.6 | 2.6 | 3.4 | 2.5 | -23.6% |
| Others | 101 | 113 | 141 | 108 | 2.3% |
| Total | 376 | 358 | 660 | 500 | 10.0% |
Top Suppliers of Wood; Statuettes and Other Ornaments of Wood to Kuwait in 2022:
- China (19.0 tons)
- Jordan (9.2 tons)
- India (5.7 tons)
- Indonesia (1.9 tons)
- United States (1.3 tons)
- Ukraine (1.2 tons)
- Turkey (0.8 tons)
- Taiwan (Chinese) (0.8 tons)
Exports of Wood; Statuettes and Other Ornaments of Wood in Kuwait
In 2022, approx. 79 kg of wood; statuettes and other ornaments of wood were exported from Kuwait; which is down by -77.7% compared with the previous year's figure. In general, exports showed a dramatic descent. The most prominent rate of growth was recorded in 2021 when exports increased by 22%.
In value terms, exports of wood; statuettes and other ornaments of wood contracted significantly to $220 in 2022. Overall, exports showed a dramatic slump. The smallest decline of -5.1% was in 2020.
| Export of Wood; Statuettes and Other Ornaments of Wood in Kuwait (USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Italy | 486 | 503 | 557 | 94.0 | -42.2% |
| Japan | 429 | 399 | 396 | 60.0 | -48.1% |
| United Arab Emirates | 189 | 123 | 59.0 | 19.0 | -53.5% |
| Oman | 52.0 | 49.0 | 50.0 | 8.0 | -46.4% |
| France | 80.0 | 61.0 | 50.0 | 6.0 | -57.8% |
| Saudi Arabia | 27.0 | 25.0 | 26.0 | 4.0 | -47.1% |
| Lebanon | 39.0 | 30.0 | 25.0 | 3.0 | -57.5% |
| Others | 193 | 229 | 146 | 26.0 | -48.7% |
| Total | 1,495 | 1,419 | 1,309 | 220 | -47.2% |
Top Export Markets for Wood; Statuettes and Other Ornaments of Wood from Kuwait in 2022:
- Italy (24.0 kg)
- Japan (18.0 kg)
- United Arab Emirates (15.0 kg)
- Saudi Arabia (6.0 kg)
- France (4.0 kg)
- Oman (3.0 kg)
- Lebanon (2.0 kg)
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