Price for Footwear; Parts, Outer Soles and Heels, of Rubber or Plastics in Kuwait - 2022

Contents:

1. Price for Footwear; Parts, Outer Soles and Heels, of Rubber or Plastics in Kuwait (CIF) - 2022
2. Price for Footwear; Parts, Outer Soles and Heels, of Rubber or Plastics in Kuwait (FOB) - 2022
3. Imports of Footwear; Parts, Outer Soles and Heels, of Rubber or Plastics in Kuwait
4. Exports of Footwear; Parts, Outer Soles and Heels, of Rubber or Plastics in Kuwait

Price for Footwear; Parts, Outer Soles and Heels, of Rubber or Plastics in Kuwait (CIF) - 2022

The average import price for footwear; parts, outer soles and heels, of rubber or plasticses stood at $11,746 per ton in 2022, with an increase of 26% against the previous year. Overall, import price indicated resilient growth from 2012 to 2022: its price increased at an average annual rate of +9.8% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, import price for footwear; parts, outer soles and heels, of rubber or plasticses increased by +55.2% against 2015 indices. The pace of growth appeared the most rapid in 2013 an increase of 80% against the previous year. The import price peaked in 2022 and is expected to retain growth in the immediate term.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was the United States ($27,262 per ton), while the price for Lebanon ($567 per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Iran (+33.4%), while the prices for the other major suppliers experienced more modest paces of growth.

Price for Footwear; Parts, Outer Soles and Heels, of Rubber or Plastics in Kuwait (FOB) - 2022

The average export price for footwear; parts, outer soles and heels, of rubber or plasticses stood at $9,800 per ton in 2022, jumping by 43% against the previous year. Overall, the export price, however, showed a slight downturn. The growth pace was the most rapid in 2020 when the average export price increased by 57%. Over the period under review, the average export prices reached the maximum at $11,185 per ton in 2014; however, from 2015 to 2022, the export prices stood at a somewhat lower figure.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Saudi Arabia ($10,357 per ton), while the average price for exports to Austria stood at $2,000 per ton.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Saudi Arabia (-0.6%).

Imports of Footwear; Parts, Outer Soles and Heels, of Rubber or Plastics in Kuwait

In 2022, the amount of footwear; parts, outer soles and heels, of rubber or plasticses imported into Kuwait declined sharply to 18 tons, with a decrease of -56.1% against 2021. Overall, imports, however, showed a relatively flat trend pattern. The pace of growth was the most pronounced in 2021 when imports increased by 279% against the previous year. As a result, imports reached the peak of 42 tons, and then declined significantly in the following year.

In value terms, imports of footwear; parts, outer soles and heels, of rubber or plasticses reduced remarkably to $216K in 2022. Over the period under review, imports, however, enjoyed a strong increase. The growth pace was the most rapid in 2021 with an increase of 260% against the previous year. As a result, imports reached the peak of $391K, and then contracted significantly in the following year.

Top Suppliers of Footwear; Parts, Outer Soles and Heels, of Rubber or Plastics to Kuwait in 2022:

1. United Arab Emirates (12.8 tons)
2. China (2.5 tons)
3. Thailand (0.9 tons)
4. United States (0.7 tons)
5. Saudi Arabia (0.4 tons)
6. India (0.3 tons)

Exports of Footwear; Parts, Outer Soles and Heels, of Rubber or Plastics in Kuwait

For the third consecutive year, Kuwait recorded decline in overseas shipments of footwear; parts, outer soles and heels, of rubber or plasticses, which decreased by -68.8% to 15 kg in 2022. Over the period under review, exports saw a sharp descent. The smallest decline of -52.5% was in 2021.

In value terms, exports of footwear; parts, outer soles and heels, of rubber or plasticses fell notably to $147 in 2022. In general, exports continue to indicate a significant decline. The smallest decline of -33% was in 2020.

Top Export Markets for Footwear; Parts, Outer Soles and Heels, of Rubber or Plastics from Kuwait in 2022:

1. Saudi Arabia (14.0 kg)
2. Austria (1.0 kg)

Source: IndexBox Market Intelligence Platform