Price for Machinery; Parts of the Machinery of Heading No. 8427 in Kuwait - 2022
Contents:
- Price for Machinery; Parts of the Machinery of Heading No. 8427 in Kuwait (CIF) - 2022
- Price for Machinery; Parts of the Machinery of Heading No. 8427 in Kuwait (FOB) - 2022
- Imports of Machinery; Parts of the Machinery of Heading No. 8427 in Kuwait
- Exports of Machinery; Parts of the Machinery of Heading No. 8427 in Kuwait
Price for Machinery; Parts of the Machinery of Heading No. 8427 in Kuwait (CIF) - 2022
In 2022, the average import price for machinery; parts of the machinery of heading no. 8427 amounted to $19,441 per ton, dropping by -19.9% against the previous year. In general, the import price saw a relatively flat trend pattern. The pace of growth was the most pronounced in 2020 when the average import price increased by 184%. As a result, import price attained the peak level of $29,795 per ton. From 2021 to 2022, the average 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 Sweden ($40,634 per ton), while the price for France ($12,667 per ton) was amongst the lowest.
From 2013 to 2022, the most notable rate of growth in terms of prices was attained by the United Arab Emirates (+5.3%), while the prices for the other major suppliers experienced more modest paces of growth.
Price for Machinery; Parts of the Machinery of Heading No. 8427 in Kuwait (FOB) - 2022
The average export price for machinery; parts of the machinery of heading no. 8427 stood at $11,360 per ton in 2022, with an increase of 1,258% against the previous year. Overall, the export price, however, saw a abrupt decline. The export price peaked at $54,182 per ton in 2013; however, from 2014 to 2022, the export prices failed to regain momentum.
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 Sweden amounted to -1.0% per year.
Imports of Machinery; Parts of the Machinery of Heading No. 8427 in Kuwait
Imports of machinery; parts of the machinery of heading no. 8427 into Kuwait soared to 81 tons in 2022, growing by 16% against the previous year. In general, imports, however, saw a sharp setback. The most prominent rate of growth was recorded in 2021 when imports increased by 36% against the previous year.
In value terms, imports of machinery; parts of the machinery of heading no. 8427 fell to $1.6M in 2022. Overall, imports, however, showed a sharp decrease. The pace of growth was the most pronounced in 2021 with an increase of 10%.
| Import of Machinery; Parts of the Machinery of Heading No. 8427 in Kuwait (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Germany | 134 | 226 | 268 | 291 | 29.5% |
| China | 353 | 378 | 166 | 279 | -7.5% |
| United Arab Emirates | 6,781 | 77.0 | 168 | 149 | -72.0% |
| Sweden | 248 | 132 | 439 | 144 | -16.6% |
| Italy | 111 | 173 | 135 | 114 | 0.9% |
| United States | 136 | 92.0 | 134 | 103 | -8.8% |
| Belgium | 59.1 | 33.3 | 109 | 90.1 | 15.1% |
| Japan | 131 | 67.1 | 35.2 | 48.0 | -28.4% |
| France | 121 | 45.1 | 50.9 | 31.7 | -36.0% |
| Latvia | 4.7 | 2.7 | N/A | 16.3 | 51.4% |
| Others | 480 | 302 | 181 | 300 | -14.5% |
| Total | 8,558 | 1,528 | 1,686 | 1,566 | -43.2% |
Top Suppliers of Machinery; Parts of the Machinery of Heading No. 8427 to Kuwait in 2022:
- China (22.0 tons)
- United Arab Emirates (11.8 tons)
- Italy (9.0 tons)
- United States (8.1 tons)
- Germany (7.4 tons)
- Japan (3.8 tons)
- Sweden (3.5 tons)
- Belgium (3.0 tons)
- France (2.5 tons)
- Latvia (1.3 tons)
Exports of Machinery; Parts of the Machinery of Heading No. 8427 in Kuwait
After three years of growth, shipments abroad of machinery; parts of the machinery of heading no. 8427 decreased by -94.3% to 253 kg in 2022. Overall, exports faced a dramatic curtailment. The growth pace was the most rapid in 2021 with an increase of 314% against the previous year. As a result, the exports attained the peak of 4.4 tons, and then dropped significantly in the following year.
In value terms, exports of machinery; parts of the machinery of heading no. 8427 fell rapidly to $2.9K in 2022. In general, exports saw a abrupt shrinkage. The most prominent rate of growth was recorded in 2020 with an increase of 84%. As a result, the exports attained the peak of $8.8K. From 2021 to 2022, the growth of the exports of remained at a lower figure.
| Export of Machinery; Parts of the Machinery of Heading No. 8427 in Kuwait (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| United Arab Emirates | N/A | N/A | N/A | 2.9 | 0% |
| Sweden | 1.3 | 0.5 | 2.4 | N/A | 35.9% |
| Saudi Arabia | N/A | N/A | 1.1 | N/A | 0% |
| Bahrain | 0.9 | 8.0 | N/A | N/A | 788.9% |
| Others | 2.6 | 0.2 | 0.2 | N/A | -72.3% |
| Total | 4.8 | 8.8 | 3.7 | 2.9 | -15.5% |
Top Export Markets for Machinery; Parts of the Machinery of Heading No. 8427 from Kuwait in 2022:
- United Arab Emirates (253.0 kg)
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