Price for Garden or Similar Umbrellas in Kuwait - 2022

Contents:

  1. Price for Garden or Similar Umbrellas in Kuwait (CIF) - 2022
  2. Price for Garden or Similar Umbrellas in Kuwait (FOB) - 2022
  3. Imports of Garden or Similar Umbrellas in Kuwait
  4. Exports of Garden or Similar Umbrellas in Kuwait

Price for Garden or Similar Umbrellas in Kuwait (CIF) - 2022

In 2022, the average garden or similar umbrellas import price amounted to $141 per unit, jumping by 62% against the previous year. In general, the import price posted a significant increase. The pace of growth appeared the most rapid in 2021 when the average import price increased by 65%. Over the period under review, average import prices reached the peak figure in 2022 and is expected to retain growth in the near future.

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 the Netherlands ($430 per unit), while the price for Australia ($39 per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Denmark (+29.2%), while the prices for the other major suppliers experienced more modest paces of growth.

Price for Garden or Similar Umbrellas in Kuwait (FOB) - 2022

The average garden or similar umbrellas export price stood at $18 per unit in 2022, waning by -12.2% against the previous year. In general, export price indicated slight growth from 2012 to 2022: its price increased at an average annual rate of +1.2% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, garden or similar umbrellas export price increased by +30.8% against 2019 indices. The pace of growth appeared the most rapid in 2015 an increase of 60% against the previous year. Over the period under review, the average export prices attained the maximum at $21 per unit in 2018; however, from 2019 to 2022, the export prices failed to regain momentum.

There were significant differences in the average prices for the major export markets. In 2022, amid the top suppliers, the country with the highest price was Denmark ($61 per unit), while the average price for exports to Bahrain ($0.9 per unit) 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 (+26.6%), while the prices for the other major destinations experienced a decline.

Imports of Garden or Similar Umbrellas in Kuwait

In 2022, imports of garden or similar umbrellases into Kuwait declined rapidly to 7.4K units, which is down by -57.7% compared with 2021. In general, imports recorded a precipitous shrinkage. The pace of growth appeared the most rapid in 2021 when imports increased by 63% against the previous year. As a result, imports reached the peak of 17K units, and then contracted notably in the following year.

In value terms, garden or similar umbrellas imports shrank notably to $1M in 2022. Over the period under review, imports, however, showed prominent growth. The most prominent rate of growth was recorded in 2021 with an increase of 168% against the previous year. As a result, imports attained the peak of $1.5M, and then shrank remarkably in the following year.

Import of Garden or Similar Umbrellas in Kuwait (Thousand USD)
COUNTRY2019202020212022CAGR,
2019-2022
China28736983162929.9%
Turkey12739.525271.0-17.6%
Netherlands7.18.724.956.499.5%
United States98.511.550.430.1-32.6%
Australia1.45.59.48.280.3%
MauritiusN/AN/AN/A7.30%
Denmark7.06.31226.4-2.9%
Others94.512422122934.3%
Total6235641,5101,03718.5%

Top Suppliers of Garden or Similar Umbrellas to Kuwait in 2022:

  1. China (5971.0 units)
  2. Turkey (264.0 units)
  3. Australia (209.0 units)
  4. United States (147.0 units)
  5. Denmark (139.0 units)
  6. Netherlands (131.0 units)
  7. Mauritius (125.0 units)

Exports of Garden or Similar Umbrellas in Kuwait

In 2022, shipments abroad of garden or similar umbrellases increased by 11% to 1.1K units for the first time since 2019, thus ending a two-year declining trend. Over the period under review, exports, however, showed a deep downturn. Over the period under review, the exports attained the maximum at 2.1K units in 2019; however, from 2020 to 2022, the exports stood at a somewhat lower figure.

In value terms, garden or similar umbrellas exports declined to $19K in 2022. In general, exports, however, continue to indicate a abrupt setback. The growth pace was the most rapid in 2021 with an increase of 6.2% against the previous year. Over the period under review, the exports hit record highs at $28K in 2019; however, from 2020 to 2022, the exports failed to regain momentum.

Export of Garden or Similar Umbrellas in Kuwait (Thousand USD)
COUNTRY2019202020212022CAGR,
2019-2022
Denmark9.89.08.88.4-5.0%
Saudi Arabia14.45.16.45.1-29.2%
Qatar1.62.32.84.339.0%
United Arab Emirates1.92.01.61.3-11.9%
Bahrain0.20.20.20.1-20.6%
Others0.20.1N/AN/A-50.0%
Total28.118.619.819.2-11.9%

Top Export Markets for Garden or Similar Umbrellas from Kuwait in 2022:

  1. United Arab Emirates (478.0 units)
  2. Qatar (230.0 units)
  3. Bahrain (154.0 units)
  4. Denmark (138.0 units)
  5. Saudi Arabia (86.0 units)
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