Prepared Sheep Leather Price in Kuwait - 2022
Contents:
- Prepared Sheep Leather Price in Kuwait (FOB) - 2022
- Prepared Sheep Leather Price in Kuwait (CIF) - 2022
- Prepared Sheep Leather Exports in Kuwait
- Prepared Sheep Leather Imports in Kuwait
Prepared Sheep Leather Price in Kuwait (FOB) - 2022
The average prepared sheep leather export price stood at $20 per square meter in 2022, remaining constant against the previous year. In general, the export price, however, continues to indicate a relatively flat trend pattern. The growth pace was the most rapid in 2015 when the average export price increased by 7.2%. As a result, the export price reached the peak level of $23 per square meter. From 2016 to 2022, the average 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 2012 to 2022, the rate of growth in terms of prices for the United Arab Emirates amounted to -0.1% per year.
Prepared Sheep Leather Price in Kuwait (CIF) - 2022
In 2022, the average prepared sheep leather import price amounted to $20 per square meter, declining by -7.1% against the previous year. Overall, the import price, however, posted a strong expansion. The pace of growth appeared the most rapid in 2018 when the average import price increased by 79%. Over the period under review, average import prices reached the peak figure at $22 per square meter in 2019; however, from 2020 to 2022, import prices remained at a lower figure.
Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was the United States ($33 per square meter), while the price for China ($4.5 per square meter) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Lebanon (+4.3%), while the prices for the other major suppliers experienced a decline.
Prepared Sheep Leather Exports in Kuwait
In 2022, after three years of growth, there was decline in shipments abroad of sheep or lamb skin leather, prepared, when their volume decreased by -2.8% to 552 square meters. The total export volume increased at an average annual rate of +2.9% from 2019 to 2022; the trend pattern remained consistent, with somewhat noticeable fluctuations in certain years. The growth pace was the most rapid in 2021 when exports increased by 6% against the previous year. As a result, the exports attained the peak of 568 square meters, and then reduced slightly in the following year.
In value terms, prepared sheep leather exports fell modestly to $11K in 2022. The total export value increased at an average annual rate of +2.0% over the period from 2019 to 2022; the trend pattern remained relatively stable, with somewhat noticeable fluctuations being observed throughout the analyzed period. The pace of growth was the most pronounced in 2020 when exports increased by 4% against the previous year. The exports peaked at $11K in 2021, and then declined modestly in the following year.
| Export of Prepared Sheep Leather in Kuwait (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| United Arab Emirates | 10.4 | 10.8 | 11.3 | 11.0 | 1.9% |
| Others | N/A | N/A | N/A | N/A | 0% |
| Total | 10.4 | 10.8 | 11.3 | 11.0 | 1.9% |
Top Export Markets for Prepared Sheep Leather from Kuwait in 2022:
- United Arab Emirates (552.0 square meters)
Prepared Sheep Leather Imports in Kuwait
In 2022, supplies from abroad of sheep or lamb skin leather, prepared was finally on the rise to reach 447 square meters for the first time since 2019, thus ending a two-year declining trend. Overall, imports, however, faced a deep downturn. Over the period under review, imports reached the maximum at 778 square meters in 2019; however, from 2020 to 2022, imports remained at a lower figure.
In value terms, prepared sheep leather imports soared to $8.9K in 2022. In general, imports, however, continue to indicate a dramatic decline. Over the period under review, imports attained the peak figure at $17K in 2019; however, from 2020 to 2022, imports failed to regain momentum.
| Import of Prepared Sheep Leather in Kuwait (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| India | 2.6 | 0.3 | 0.6 | 2.4 | -2.6% |
| Lebanon | 2.2 | 1.9 | 0.9 | 0.8 | -28.6% |
| United States | 1.2 | 1.0 | 0.5 | 0.5 | -25.3% |
| Turkey | 0.4 | 0.3 | 0.1 | 0.4 | 0.0% |
| Pakistan | 5.9 | 3.5 | 1.1 | 0.4 | -59.2% |
| France | 0.6 | 0.4 | 0.1 | 0.2 | -30.7% |
| China | 1.1 | 0.1 | N/A | N/A | -90.9% |
| Others | 3.5 | 4.3 | 2.8 | 4.2 | 6.3% |
| Total | 17.5 | 11.8 | 6.0 | 8.9 | -20.2% |
Top Suppliers of Prepared Sheep Leather to Kuwait in 2022:
- India (304.0 square meters)
- Turkey (40.0 square meters)
- Pakistan (40.0 square meters)
- Lebanon (30.0 square meters)
- United States (14.0 square meters)
- France (6.0 square meters)
- China (2.0 square meters)
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