Yarn; of Coir Price in Kuwait - 2021

Yarn; of Coir Price in Kuwait (CIF) - 2022

In 2022, the average yarn; of coir import price amounted to $948 per ton, shrinking by -3.4% against the previous year. Over the last decade, it increased at an average annual rate of +1.3%. The most prominent rate of growth was recorded in 2015 when the average import price increased by 25%. As a result, import price attained the peak level of $1,224 per ton. From 2016 to 2022, the average import prices failed to regain momentum.

As there is only one major supplying country, 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 +1.3% per year.

Yarn; of Coir Imports in Kuwait

In 2022, the amount of yarn; of coirs imported into Kuwait rose markedly to 70 tons, growing by 14% compared with the year before. In general, imports showed significant growth. The pace of growth appeared the most rapid in 2020 with an increase of 221% against the previous year. As a result, imports attained the peak of 79 tons. From 2021 to 2022, the growth of imports failed to regain momentum.

In value terms, yarn; of coir imports expanded notably to $67K in 2022. Over the period under review, imports continue to indicate a significant expansion. The most prominent rate of growth was recorded in 2020 with an increase of 224%. As a result, imports reached the peak of $72K. From 2021 to 2022, the growth of imports failed to regain momentum.