Price for Wool; (Not Carded or Combed), Degreased, (Not Carbonised), (Other than Shorn) in Kuwait - 2022
Contents:
- Price for Wool; (Not Carded or Combed), Degreased, (Not Carbonised), (Other than Shorn) in Kuwait (FOB) - 2022
- Price for Wool; (Not Carded or Combed), Degreased, (Not Carbonised), (Other than Shorn) in Kuwait (CIF) - 2022
- Exports of Wool; (Not Carded or Combed), Degreased, (Not Carbonised), (Other than Shorn) in Kuwait
- Imports of Wool; (Not Carded or Combed), Degreased, (Not Carbonised), (Other than Shorn) in Kuwait
Price for Wool; (Not Carded or Combed), Degreased, (Not Carbonised), (Other than Shorn) in Kuwait (FOB) - 2022
In 2022, the average export price for wool; (not carded or combed), degreased, (not carbonised), (other than shorn) amounted to $1,075 per ton, growing by 24% against the previous year. In general, export price indicated modest growth from 2012 to 2022: its price increased at an average annual rate of +1.4% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, export price for wool; (not carded or combed), degreased, (not carbonised), (other than shorn) increased by +59.6% against 2020 indices. The pace of growth was the most pronounced in 2021 when the average export price increased by 29% against the previous year. Over the period under review, the average export prices reached the peak figure at $1,261 per ton in 2014; however, from 2015 to 2022, the export prices failed to regain momentum.
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 India ($1,098 per ton), while the average price for exports to Lebanon totaled $150 per ton.
From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to India (+1.6%).
Price for Wool; (Not Carded or Combed), Degreased, (Not Carbonised), (Other than Shorn) in Kuwait (CIF) - 2022
In 2022, the average import price for wool; (not carded or combed), degreased, (not carbonised), (other than shorn) amounted to $5,614 per ton, flattening at the previous year. Overall, the import price, however, posted resilient growth. The pace of growth was the most pronounced in 2015 when the average import price increased by 372% against the previous year. Over the period under review, average import prices hit record highs at $10,010 per ton in 2019; however, from 2020 to 2022, import prices failed to regain momentum.
As there is only one major supplying country, the average price level is determined by prices for the United Arab Emirates.
From 2012 to 2022, the rate of growth in terms of prices for the United Arab Emirates amounted to +7.3% per year.
Exports of Wool; (Not Carded or Combed), Degreased, (Not Carbonised), (Other than Shorn) in Kuwait
In 2022, the amount of wool; (not carded or combed), degreased, (not carbonised), (other than shorn) exported from Kuwait rose significantly to 80 tons, growing by 6.5% compared with 2021. Over the period under review, exports, however, faced a significant curtailment. The pace of growth appeared the most rapid in 2020 when exports increased by 48%. As a result, the exports attained the peak of 293 tons. From 2021 to 2022, the growth of the exports of remained at a somewhat lower figure.
In value terms, exports of wool; (not carded or combed), degreased, (not carbonised), (other than shorn) surged to $86K in 2022. In general, exports, however, continue to indicate a precipitous descent.
| Export of Wool; (Not Carded or Combed), Degreased, (Not Carbonised), (Other than Shorn) in Kuwait (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| India | 172 | 198 | 65.0 | 85.4 | -20.8% |
| Lebanon | N/A | N/A | N/A | 0.3 | 0% |
| Others | N/A | N/A | N/A | N/A | 0% |
| Total | 172 | 198 | 65.0 | 85.7 | -20.7% |
Top Export Markets for Wool; (Not Carded or Combed), Degreased, (Not Carbonised), (Other than Shorn) from Kuwait in 2022:
- India (77.7 tons)
- Lebanon (2.0 tons)
Imports of Wool; (Not Carded or Combed), Degreased, (Not Carbonised), (Other than Shorn) in Kuwait
In 2022, approx. 1.3 tons of wool; (not carded or combed), degreased, (not carbonised), (other than shorn) were imported into Kuwait; rising by 19% compared with the previous year. Overall, imports recorded a significant expansion. The most prominent rate of growth was recorded in 2020 with an increase of 756% against the previous year. Over the period under review, imports of attained the peak figure in 2022 and are expected to retain growth in years to come.
In value terms, imports of wool; (not carded or combed), degreased, (not carbonised), (other than shorn) soared to $7.1K in 2022. In general, imports saw a significant increase. The most prominent rate of growth was recorded in 2020 when imports increased by 381%. Imports peaked in 2022 and are expected to retain growth in years to come.
| Import of Wool; (Not Carded or Combed), Degreased, (Not Carbonised), (Other than Shorn) in Kuwait (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| United Arab Emirates | 0.6 | 5.1 | 6.0 | 7.1 | 127.9% |
| Others | 0.4 | N/A | N/A | N/A | 0% |
| Total | 1.1 | 5.1 | 6.0 | 7.1 | 86.2% |
Top Suppliers of Wool; (Not Carded or Combed), Degreased, (Not Carbonised), (Other than Shorn) to Kuwait in 2022:
- United Arab Emirates (1.3 tons)
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