Price for Inner Tubes, of Rubber in Kuwait - 2022
Contents:
- Price for Inner Tubes, of Rubber in Kuwait (CIF) - 2022
- Price for Inner Tubes, of Rubber in Kuwait (FOB) - 2022
- Imports of Inner Tubes, of Rubber in Kuwait
- Exports of Inner Tubes, of Rubber in Kuwait
Price for Inner Tubes, of Rubber in Kuwait (CIF) - 2022
In 2022, the average inner tubes, of rubber import price amounted to $3.5 per unit, growing by 12% against the previous year. Overall, import price indicated a pronounced expansion from 2012 to 2022: its price increased at an average annual rate of +2.3% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, inner tubes, of rubber import price decreased by -30.9% against 2018 indices. The growth pace was the most rapid in 2013 when the average import price increased by 68% against the previous year. The import price peaked at $6.3 per unit in 2015; however, from 2016 to 2022, import prices failed to regain momentum.
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 Italy ($9.1 per unit), while the price for Thailand ($1.2 per unit) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Italy (+7.7%), while the prices for the other major suppliers experienced more modest paces of growth.
Price for Inner Tubes, of Rubber in Kuwait (FOB) - 2022
In 2022, the average inner tubes, of rubber export price amounted to $5.2 per unit, dropping by -6.8% against the previous year. In general, the export price, however, continues to indicate a remarkable increase. The pace of growth appeared the most rapid in 2021 an increase of 89% against the previous year. As a result, the export price attained the peak level of $5.6 per unit, and then reduced in the following year.
Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Indonesia ($27 per unit), while the average price for exports to India ($1.4 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 Indonesia (+23.7%), while the prices for the other major destinations experienced more modest paces of growth.
Imports of Inner Tubes, of Rubber in Kuwait
In 2022, after three years of growth, there was decline in overseas purchases of inner tubes, of rubbers, when their volume decreased by -3.3% to 362K units. The total import volume increased at an average annual rate of +2.5% from 2019 to 2022; the trend pattern remained relatively stable, with only minor fluctuations in certain years. The most prominent rate of growth was recorded in 2021 when imports increased by 8.6%. As a result, imports reached the peak of 375K units, and then shrank in the following year.
In value terms, inner tubes, of rubber imports rose notably to $1.3M in 2022. Over the period under review, imports recorded a deep contraction. Over the period under review, imports attained the maximum at $1.5M in 2019; however, from 2020 to 2022, imports remained at a lower figure.
| Import of Inner Tubes, of Rubber in Kuwait (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| South Korea | 1,024 | 787 | 405 | 576 | -17.5% |
| India | 176 | 146 | 284 | 266 | 14.8% |
| China | 104 | 133 | 247 | 232 | 30.7% |
| Italy | 107 | 89.0 | 63.9 | 49.5 | -22.7% |
| Thailand | 10.0 | 70.7 | 30.9 | 30.4 | 44.9% |
| United Arab Emirates | 18.8 | 36.8 | 24.0 | 22.4 | 6.0% |
| United States | 3.6 | 3.6 | 15.7 | 14.7 | 59.8% |
| Others | 87.5 | 107 | 113 | 88.1 | 0.2% |
| Total | 1,530 | 1,373 | 1,184 | 1,279 | -5.8% |
Top Suppliers of Inner Tubes, of Rubber to Kuwait in 2022:
- China (123.1K units)
- India (96.4K units)
- South Korea (86.8K units)
- Thailand (24.6K units)
- United Arab Emirates (7.7K units)
- United States (6.4K units)
- Italy (5.4K units)
Exports of Inner Tubes, of Rubber in Kuwait
In 2022, shipments abroad of inner tubes, of rubbers decreased by -12.3% to 43K units, falling for the second year in a row after two years of growth. In general, total exports indicated a notable expansion from 2019 to 2022: its volume increased at an average annual rate of +4.2% over the last three years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, exports decreased by -26.7% against 2020 indices. The most prominent rate of growth was recorded in 2020 with an increase of 54%. As a result, the exports reached the peak of 58K units. From 2021 to 2022, the growth of the exports failed to regain momentum.
In value terms, inner tubes, of rubber exports declined notably to $224K in 2022. Over the period under review, exports, however, posted a prominent increase. The pace of growth was the most pronounced in 2021 with an increase of 58% against the previous year. As a result, the exports attained the peak of $275K, and then declined markedly in the following year.
| Export of Inner Tubes, of Rubber in Kuwait (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Indonesia | 27.8 | 6.6 | 132 | 101 | 53.7% |
| Iraq | 62.5 | 105 | 90.8 | 82.1 | 9.5% |
| India | 6.7 | 10.1 | 7.8 | 6.3 | -2.0% |
| Jordan | 4.2 | 7.1 | 6.2 | 5.6 | 10.1% |
| United Arab Emirates | 6.3 | 8.5 | 5.8 | 4.2 | -12.6% |
| Others | 31.1 | 36.6 | 32.1 | 25.5 | -6.4% |
| Total | 139 | 174 | 275 | 224 | 17.2% |
Top Export Markets for Inner Tubes, of Rubber from Kuwait in 2022:
- Iraq (32.0K units)
- India (4.5K units)
- Indonesia (3.8K units)
- United Arab Emirates (0.9K units)
- Jordan (0.8K units)
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