Price for Millstones, Grindstones, Grinding Wheels and the Like; of Natural Stone in Kuwait - 2022

Contents:

1. Price for Millstones, Grindstones, Grinding Wheels and the Like; of Natural Stone in Kuwait (CIF) - 2022
2. Price for Millstones, Grindstones, Grinding Wheels and the Like; of Natural Stone in Kuwait (FOB) - 2022
3. Imports of Millstones, Grindstones, Grinding Wheels and the Like; of Natural Stone in Kuwait
4. Exports of Millstones, Grindstones, Grinding Wheels and the Like; of Natural Stone in Kuwait

Price for Millstones, Grindstones, Grinding Wheels and the Like; of Natural Stone in Kuwait (CIF) - 2022

In 2022, the average import price for millstones, grindstones, grinding wheels and the like; of natural stones amounted to less than $0.1 per unit, which is down by -55% against the previous year. Overall, the import price recorded a abrupt decline. The pace of growth was the most pronounced in 2016 when the average import price increased by 46% against the previous year. The import price peaked at $0.2 per unit in 2013; however, from 2014 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 Jordan (less than $0.1 per unit), while the price for Saudi Arabia (less than $0.1 per unit) was amongst the lowest.

From 2013 to 2022, the most notable rate of growth in terms of prices was attained by Jordan (-6.0%), while the prices for the other major suppliers experienced a decline.

Price for Millstones, Grindstones, Grinding Wheels and the Like; of Natural Stone in Kuwait (FOB) - 2022

In 2022, the average export price for millstones, grindstones, grinding wheels and the like; of natural stones amounted to $0.1 per unit, shrinking by -9.1% against the previous year. Over the period under review, the export price, however, recorded a significant increase. Over the period under review, the average export prices reached the peak figure at $0.2 per unit in 2017; however, from 2018 to 2022, the export prices stood at a somewhat lower figure.

As there is only one major export destination, the average price level is determined by prices for Saudi Arabia.

From 2013 to 2022, the rate of growth in terms of prices for Saudi Arabia amounted to +16.3% per year.

Imports of Millstones, Grindstones, Grinding Wheels and the Like; of Natural Stone in Kuwait

In 2022, imports of millstones, grindstones, grinding wheels and the like; of natural stones into Kuwait surged to 38M units, increasing by 73% on 2021. Overall, imports enjoyed a significant increase. The most prominent rate of growth was recorded in 2021 with an increase of 478% against the previous year. Over the period under review, imports of millstones, grindstones, grinding wheels and like; of natural stones reached the peak figure in 2022 and are expected to retain growth in the immediate term.

In value terms, imports of millstones, grindstones, grinding wheels and the like; of natural stones shrank sharply to $1.4M in 2022. Over the period under review, imports saw significant growth. The growth pace was the most rapid in 2021 with an increase of 516%. As a result, imports attained the peak of $1.8M, and then shrank markedly in the following year.

Top Suppliers of Millstones, Grindstones, Grinding Wheels and the Like; of Natural Stone to Kuwait in 2022:

1. Jordan (24.1M units)
2. Palestine (10.6M units)
3. Saudi Arabia (2.1M units)
4. China (0.8M units)

Exports of Millstones, Grindstones, Grinding Wheels and the Like; of Natural Stone in Kuwait

In 2022, exports of millstones, grindstones, grinding wheels and the like; of natural stones from Kuwait soared to 791K units, increasing by 99,756% against the previous year. Over the period under review, exports posted a significant increase. As a result, the exports attained the peak and are likely to continue growth in the immediate term.

In value terms, exports of millstones, grindstones, grinding wheels and the like; of natural stones surged to $93K in 2022. Overall, exports recorded a significant expansion. As a result, the exports attained the peak and are likely to continue growth in the immediate term.

Top Export Markets for Millstones, Grindstones, Grinding Wheels and the Like; of Natural Stone from Kuwait in 2022:

1. Saudi Arabia (790.9K units)

Source: IndexBox Market Intelligence Platform