Price for Balances; of A Sensitivity of 5cg or Better, with or Without Weights in Kuwait - 2022

Contents:

1. Price for Balances; of A Sensitivity of 5cg or Better, with or Without Weights in Kuwait (CIF) - 2022
2. Price for Balances; of A Sensitivity of 5cg or Better, with or Without Weights in Kuwait (FOB) - 2022
3. Imports of Balances; of A Sensitivity of 5cg or Better, with or Without Weights in Kuwait
4. Exports of Balances; of A Sensitivity of 5cg or Better, with or Without Weights in Kuwait

Price for Balances; of A Sensitivity of 5cg or Better, with or Without Weights in Kuwait (CIF) - 2022

In 2022, the average import price for balances; of a sensitivity of 5cg or better, with or without weightses amounted to $100,524 per ton, picking up by 9% against the previous year. In general, the import price, however, showed a pronounced contraction. The growth pace was the most rapid in 2018 when the average import price increased by 102%. Over the period under review, average import prices hit record highs at $128,703 per ton in 2012; however, from 2013 to 2022, import prices remained at a lower figure.

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 Switzerland ($773,259 per ton), while the price for India ($36,333 per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Taiwan (Chinese) (+24.8%), while the prices for the other major suppliers experienced more modest paces of growth.

Price for Balances; of A Sensitivity of 5cg or Better, with or Without Weights in Kuwait (FOB) - 2022

The average export price for balances; of a sensitivity of 5cg or better, with or without weightses stood at $147,000 per ton in 2022, with a decrease of -18.6% against the previous year. In general, the export price showed a slight shrinkage. The pace of growth appeared the most rapid in 2017 when the average export price increased by 221%. As a result, the export price reached the peak level of $267,000 per ton. From 2018 to 2022, the average export prices remained at a somewhat lower figure.

There were significant differences in the average prices for the major overseas markets. In 2022, amid the top suppliers, the country with the highest price was the United Arab Emirates ($131,000 per ton), while the average price for exports to Oman ($6,000 per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Saudi Arabia (-12.8%), while the prices for the other major destinations experienced a decline.

Imports of Balances; of A Sensitivity of 5cg or Better, with or Without Weights in Kuwait

In 2022, imports of balances; of a sensitivity of 5cg or better, with or without weightses into Kuwait skyrocketed to 4.1 tons, growing by 20% against the previous year. Over the period under review, imports, however, showed a deep slump. The pace of growth was the most pronounced in 2021 with an increase of 304%.

In value terms, imports of balances; of a sensitivity of 5cg or better, with or without weightses skyrocketed to $407K in 2022. In general, imports, however, saw a noticeable decrease. The pace of growth appeared the most rapid in 2021 with an increase of 261% against the previous year.

Top Suppliers of Balances; of A Sensitivity of 5cg or Better, with or Without Weights to Kuwait in 2022:

1. China (1843.0 kg)
2. Thailand (1351.0 kg)
3. France (209.0 kg)
4. Germany (130.0 kg)
5. Switzerland (85.0 kg)
6. Taiwan (Chinese) (77.0 kg)
7. United Kingdom (28.0 kg)
8. United States (26.0 kg)
9. India (21.0 kg)
10. Netherlands (15.0 kg)
11. United Arab Emirates (9.0 kg)

Exports of Balances; of A Sensitivity of 5cg or Better, with or Without Weights in Kuwait

In 2022, shipments abroad of balances; of a sensitivity of 5cg or better, with or without weightses decreased by -25% to 6 kg, falling for the second consecutive year after two years of growth. In general, exports continue to indicate a abrupt decrease. The most prominent rate of growth was recorded in 2020 when exports increased by 57% against the previous year. As a result, the exports reached the peak of 11 kg. From 2021 to 2022, the growth of the exports of remained at a somewhat lower figure.

In value terms, exports of balances; of a sensitivity of 5cg or better, with or without weightses dropped notably to $294 in 2022. Over the period under review, exports faced a precipitous shrinkage. The pace of growth appeared the most rapid in 2020 when exports increased by 91% against the previous year. As a result, the exports reached the peak of $1.9K. From 2021 to 2022, the growth of the exports of failed to regain momentum.

Top Export Markets for Balances; of A Sensitivity of 5cg or Better, with or Without Weights from Kuwait in 2022:

1. Saudi Arabia (1.0 kg)
2. Oman (1.0 kg)
3. India (1.0 kg)
4. Qatar (1.0 kg)
5. Germany (1.0 kg)
6. United Arab Emirates (1.0 kg)

Source: IndexBox Market Intelligence Platform