Tobacco Refuse Price in Kuwait - 2021
Contents:
Tobacco Refuse Price in Kuwait (CIF) - 2022
In 2022, the average tobacco refuse import price amounted to $1,909 per ton, approximately reflecting the previous year. Over the period under review, the import price, however, showed a abrupt downturn. The pace of growth appeared the most rapid in 2020 when the average import price increased by 39%. The import price peaked at $5,563 per ton in 2012; however, from 2013 to 2022, import prices failed to regain momentum.
Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was the United States ($8,128 per ton), while the price for Belgium amounted to $914 per ton.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Egypt (+9.5%), while the prices for the other major suppliers experienced a decline.
Tobacco Refuse Imports in Kuwait
Tobacco refuse imports into Kuwait contracted markedly to 16 tons in 2022, waning by -50% compared with 2021 figures. In general, imports, however, posted a significant increase. The most prominent rate of growth was recorded in 2021 with an increase of 19,216%. As a result, imports reached the peak of 31 tons, and then reduced notably in the following year.
In value terms, tobacco refuse imports fell sharply to $30K in 2022. Overall, imports, however, saw significant growth. The pace of growth was the most pronounced in 2021 when imports increased by 15,825%. As a result, imports reached the peak of $60K, and then dropped notably in the following year.
| Import of Tobacco Refuse in Kuwait (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| United States | 1.4 | 0.1 | 0.2 | 17.6 | 132.5% |
| Belgium | 1.0 | 0.1 | 0.1 | 12.4 | 131.5% |
| Egypt | N/A | N/A | 38.6 | N/A | 0% |
| Saudi Arabia | N/A | N/A | 17.3 | N/A | 0% |
| Pakistan | N/A | N/A | 3.5 | N/A | 0% |
| Others | N/A | 0.2 | 0.1 | N/A | -50.0% |
| Total | 2.5 | 0.4 | 59.7 | 30.0 | 128.9% |
Top Suppliers of Tobacco Refuse to Kuwait in 2022:
- Belgium (13.6 tons)
- United States (2.2 tons)
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