Wool; Carded Price in Kuwait - 2022

Contents:

1. Wool; Carded Price in Kuwait (FOB) - 2022
2. Wool; Carded Price in Kuwait (CIF) - 2022
3. Wool; Carded Exports in Kuwait
4. Wool; Carded Imports in Kuwait

Wool; Carded Price in Kuwait (FOB) - 2022

In 2022, the average wool; carded export price amounted to $15,254 per ton, surging by 13% against the previous year. Over the period under review, the export price, however, showed a relatively flat trend pattern. The most prominent rate of growth was recorded in 2020 an increase of 16%. Over the period under review, the average export prices reached the peak figure at $16,218 per ton in 2012; however, from 2013 to 2022, the export prices stood at a somewhat lower figure.

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

From 2012 to 2022, the rate of growth in terms of prices for India amounted to -0.6% per year.

Wool; Carded Price in Kuwait (CIF) - 2022

In 2022, the average wool; carded import price amounted to $32,211 per ton, increasing by 275% against the previous year. Over the period under review, the import price posted resilient growth. As a result, import price reached the peak level and is likely to continue growth in the immediate term.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Italy ($44,423 per ton), while the price for Turkey ($1,600 per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by the UK (-4.1%).

Wool; Carded Exports in Kuwait

For the third consecutive year, Kuwait recorded decline in overseas shipments of wool; carded, which decreased by -18.3% to 5.1 tons in 2022. Over the period under review, exports continue to indicate a abrupt descent. The smallest decline of -13% was in 2021.

In value terms, wool; carded exports contracted to $78K in 2022. Overall, exports saw a deep contraction. The smallest decline of -7.5% was in 2021.

Top Export Markets for Wool; Carded from Kuwait in 2022:

1. India (5.1 tons)

Wool; Carded Imports in Kuwait

For the third consecutive year, Kuwait recorded decline in purchases abroad of wool; carded, which decreased by -75% to 38 kg in 2022. Over the period under review, imports faced a significant decline. The smallest decline of -20% was in 2021.

In value terms, wool; carded imports shrank to $1.2K in 2022. Overall, imports faced a dramatic contraction. The smallest decline of -6.2% was in 2021.

Top Suppliers of Wool; Carded to Kuwait in 2022:

1. Italy (26.0 kg)
2. United Kingdom (7.0 kg)
3. Turkey (5.0 kg)

Source: IndexBox Market Intelligence Platform