Price for Yarn of Other Vegetable Textile Fibres; Paper Yarn in Kuwait - 2022

Contents:

1. Price for Yarn of Other Vegetable Textile Fibres; Paper Yarn in Kuwait (CIF) - 2022
2. Price for Yarn of Other Vegetable Textile Fibres; Paper Yarn in Kuwait (FOB) - 2022
3. Imports of Yarn of Other Vegetable Textile Fibres; Paper Yarn in Kuwait
4. Exports of Yarn of Other Vegetable Textile Fibres; Paper Yarn in Kuwait

Price for Yarn of Other Vegetable Textile Fibres; Paper Yarn in Kuwait (CIF) - 2022

In 2022, the average import price for yarn of other vegetable textile fibres; paper yarns amounted to $1,931 per ton, with an increase of 13% against the previous year. Over the last decade, it increased at an average annual rate of +1.4%. The pace of growth was the most pronounced in 2021 an increase of 23% against the previous year. Over the period under review, average import prices reached the maximum in 2022 and is expected to retain growth in the immediate term.

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 Turkey ($2,885 per ton), while the price for Saudi Arabia ($264 per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Italy (+6.1%), while the prices for the other major suppliers experienced mixed trend patterns.

Price for Yarn of Other Vegetable Textile Fibres; Paper Yarn in Kuwait (FOB) - 2022

The average export price for yarn of other vegetable textile fibres; paper yarns stood at $1,536 per ton in 2022, surging by 9.7% against the previous year. In general, the export price continues to indicate resilient growth. Over the period under review, the average export prices hit record highs at $2,677 per ton in 2016; however, from 2017 to 2022, the export prices remained at a lower figure.

As there is only one major export destination, the average price level is determined by prices for the United Arab Emirates.

From 2013 to 2022, the rate of growth in terms of prices for the United Arab Emirates amounted to +9.7% per year.

Imports of Yarn of Other Vegetable Textile Fibres; Paper Yarn in Kuwait

In 2022, overseas purchases of yarn of other vegetable textile fibres; paper yarns decreased by -8.1% to 263 tons for the first time since 2018, thus ending a three-year rising trend. The total import volume increased at an average annual rate of +10.8% over the period from 2019 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The growth pace was the most rapid in 2021 with an increase of 30% against the previous year. As a result, imports attained the peak of 287 tons, and then contracted in the following year.

In value terms, imports of yarn of other vegetable textile fibres; paper yarns reached $508K in 2022. Overall, total imports indicated a prominent increase from 2019 to 2022: its value increased at an average annual rate of +17.1% over the last three years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +66.5% against 2020 indices. The most prominent rate of growth was recorded in 2021 when imports increased by 60% against the previous year. Imports peaked in 2022 and are expected to retain growth in the near future.

Top Suppliers of Yarn of Other Vegetable Textile Fibres; Paper Yarn to Kuwait in 2022:

1. Spain (70.7 tons)
2. Italy (59.5 tons)
3. Turkey (49.7 tons)
4. Saudi Arabia (40.4 tons)
5. India (38.9 tons)

Exports of Yarn of Other Vegetable Textile Fibres; Paper Yarn in Kuwait

In 2022, exports of yarn of other vegetable textile fibres; paper yarns from Kuwait expanded to 2 tons, picking up by 4.1% compared with 2021 figures. The total export volume increased at an average annual rate of +4.1% from 2021 to 2022; the trend pattern remained consistent, with somewhat noticeable fluctuations being observed throughout the analyzed period. As a result, the exports reached the peak and are likely to continue growth in the immediate term.

In value terms, exports of yarn of other vegetable textile fibres; paper yarns expanded markedly to $3.1K in 2022. The total export value increased at an average annual rate of +14.2% over the period from 2021 to 2022; the trend pattern remained consistent, with somewhat noticeable fluctuations throughout the analyzed period. As a result, the exports reached the peak and are likely to continue growth in the immediate term.

Top Export Markets for Yarn of Other Vegetable Textile Fibres; Paper Yarn from Kuwait in 2022:

1. United Arab Emirates (2.0 tons)

Source: IndexBox Market Intelligence Platform