Price for Petroleum Spirit for Motor Vehicles **LEGACY NON-WCO CODE** in Kuwait - 2022
Contents:
- Price for Petroleum Spirit for Motor Vehicles **LEGACY NON-WCO CODE** in Kuwait (FOB) - 2022
- Price for Petroleum Spirit for Motor Vehicles **LEGACY NON-WCO CODE** in Kuwait (CIF) - 2022
- Exports of Petroleum Spirit for Motor Vehicles **LEGACY NON-WCO CODE** in Kuwait
- Imports of Petroleum Spirit for Motor Vehicles **LEGACY NON-WCO CODE** in Kuwait
Price for Petroleum Spirit for Motor Vehicles **LEGACY NON-WCO CODE** in Kuwait (FOB) - 2022
Kuwait has no trade partners to describe.
Price for Petroleum Spirit for Motor Vehicles **LEGACY NON-WCO CODE** in Kuwait (CIF) - 2022
In 2022, the average import price for petroleum spirit for motor vehicles **LEGACY NON-WCO CODE**s amounted to $1,202 per ton, falling by -31.9% against the previous year. Over the period under review, the import price showed a noticeable reduction. The growth pace was the most rapid in 2018 when the average import price increased by 44% against the previous year. As a result, import price attained the peak level of $2,858 per ton. From 2019 to 2022, the average import prices remained at a lower figure.
Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was the United States ($2,953 per ton), while the price for Belgium ($1,076 per ton) was amongst the lowest.
From 2013 to 2022, the most notable rate of growth in terms of prices was attained by South Korea (+5.5%), while the prices for the other major suppliers experienced mixed trend patterns.
Exports of Petroleum Spirit for Motor Vehicles **LEGACY NON-WCO CODE** in Kuwait
Exports of petroleum spirit for motor vehicles **LEGACY NON-WCO CODE**s from Kuwait expanded remarkably to 21M tons in 2022, with an increase of 13% compared with the previous year. Over the period under review, exports recorded a buoyant increase. The pace of growth was the most pronounced in 2021 with an increase of 135% against the previous year. The exports peaked in 2022 and are expected to retain growth in the near future.
In value terms, exports of petroleum spirit for motor vehicles **LEGACY NON-WCO CODE**s soared to $22.2B in 2022. Overall, exports enjoyed significant growth. The most prominent rate of growth was recorded in 2021 when exports increased by 143%. The exports peaked in 2022 and are expected to retain growth in years to come.
Export of Petroleum Spirit for Motor Vehicles **LEGACY NON-WCO CODE** in Kuwait (Thousand USD) | |||||
---|---|---|---|---|---|
COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
Netherlands | 124 | N/A | N/A | N/A | 0% |
Others | 9,911,982 | 5,385,142 | 13,097,948 | 22,217,491 | 30.9% |
Total | 9,912,105 | 5,385,142 | 13,097,948 | 22,217,491 | 30.9% |
Top Export Markets for Petroleum Spirit for Motor Vehicles **LEGACY NON-WCO CODE** from Kuwait in 2022:
Imports of Petroleum Spirit for Motor Vehicles **LEGACY NON-WCO CODE** in Kuwait
In 2022, approx. 913 tons of petroleum spirit for motor vehicles **LEGACY NON-WCO CODE**s were imported into Kuwait; rising by 104% compared with the previous year's figure. Overall, imports recorded significant growth. The growth pace was the most rapid in 2021 when imports increased by 408% against the previous year. Imports peaked in 2022 and are expected to retain growth in the near future.
In value terms, imports of petroleum spirit for motor vehicles **LEGACY NON-WCO CODE**s surged to $1.1M in 2022. Over the period under review, imports enjoyed significant growth. The most prominent rate of growth was recorded in 2021 when imports increased by 456% against the previous year. Over the period under review, imports of attained the maximum in 2022 and are likely to see steady growth in years to come.
Import of Petroleum Spirit for Motor Vehicles **LEGACY NON-WCO CODE** in Kuwait (Thousand USD) | |||||
---|---|---|---|---|---|
COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
United Arab Emirates | N/A | N/A | 661 | 818 | 23.8% |
United States | 13.1 | 68.5 | 78.8 | 169 | 134.5% |
Belgium | 0.9 | 53.0 | N/A | 94.1 | 371.1% |
Netherlands | 29.4 | 19.8 | 4.9 | 6.6 | -39.2% |
Others | 8.7 | 0.8 | 45.1 | 10.9 | 7.8% |
Total | 52.2 | 142 | 790 | 1,098 | 176.0% |
Top Suppliers of Petroleum Spirit for Motor Vehicles **LEGACY NON-WCO CODE** to Kuwait in 2022:
- United Arab Emirates (759.7 tons)
- Belgium (87.4 tons)
- United States (57.1 tons)
- Netherlands (6.2 tons)
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