Price for Tarpaulins, Awnings and Sunblinds of Synthetic Fibres in Kuwait - 2022
Contents:
- Price for Tarpaulins, Awnings and Sunblinds of Synthetic Fibres in Kuwait (CIF) - 2022
- Price for Tarpaulins, Awnings and Sunblinds of Synthetic Fibres in Kuwait (FOB) - 2022
- Imports of Tarpaulins, Awnings and Sunblinds of Synthetic Fibres in Kuwait
- Exports of Tarpaulins, Awnings and Sunblinds of Synthetic Fibres in Kuwait
Price for Tarpaulins, Awnings and Sunblinds of Synthetic Fibres in Kuwait (CIF) - 2022
In 2022, the average import price for tarpaulins, awnings and sunblinds of synthetic fibreses amounted to $6,644 per ton, increasing by 11% against the previous year. Over the period under review, import price indicated a prominent increase from 2012 to 2022: its price increased at an average annual rate of +7.2% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, import price for tarpaulins, awnings and sunblinds of synthetic fibreses increased by +80.6% against 2018 indices. The most prominent rate of growth was recorded in 2019 when the average import price increased by 48%. The import price peaked in 2022 and is likely to see steady growth in the immediate term.
Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was South Korea ($20,633 per ton), while the price for Pakistan ($2,138 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by South Korea (+19.8%), while the prices for the other major suppliers experienced more modest paces of growth.
Price for Tarpaulins, Awnings and Sunblinds of Synthetic Fibres in Kuwait (FOB) - 2022
In 2022, the average export price for tarpaulins, awnings and sunblinds of synthetic fibreses amounted to $5,620 per ton, falling by -18.3% against the previous year. Over the period under review, the export price, however, saw a moderate expansion. The most prominent rate of growth was recorded in 2020 when the average export price increased by 117% against the previous year. The export price peaked at $9,693 per ton in 2017; however, from 2018 to 2022, the export prices remained at a lower figure.
There were significant differences in the average prices for the major overseas markets. In 2022, amid the top suppliers, the country with the highest price was Saudi Arabia ($9,250 per ton), while the average price for exports to Bahrain ($877 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to the United Arab Emirates (+18.0%), while the prices for the other major destinations experienced more modest paces of growth.
Imports of Tarpaulins, Awnings and Sunblinds of Synthetic Fibres in Kuwait
In 2022, after three years of growth, there was significant decline in overseas purchases of tarpaulins, awnings and sunblinds of synthetic fibreses, when their volume decreased by -57.6% to 173 tons. Over the period under review, imports saw a deep contraction. The pace of growth appeared the most rapid in 2021 with an increase of 65%. As a result, imports attained the peak of 407 tons, and then dropped sharply in the following year.
In value terms, imports of tarpaulins, awnings and sunblinds of synthetic fibreses declined rapidly to $1.1M in 2022. Overall, imports saw a relatively flat trend pattern. The pace of growth appeared the most rapid in 2021 with an increase of 74% against the previous year. As a result, imports attained the peak of $2.4M, and then contracted dramatically in the following year.
| Import of Tarpaulins, Awnings and Sunblinds of Synthetic Fibres in Kuwait (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| China | 455 | 674 | 1,675 | 615 | 10.6% |
| Turkey | 295 | 377 | 188 | 189 | -13.8% |
| United Arab Emirates | 155 | 48.3 | 102 | 85.1 | -18.1% |
| South Korea | 19.1 | 76.6 | 87.1 | 39.2 | 27.1% |
| India | 41.4 | 40.4 | 62.0 | 37.6 | -3.2% |
| Pakistan | 28.7 | 32.9 | 36.7 | 3.0 | -52.9% |
| Others | 163 | 157 | 292 | 178 | 3.0% |
| Total | 1,157 | 1,406 | 2,443 | 1,147 | -0.3% |
Top Suppliers of Tarpaulins, Awnings and Sunblinds of Synthetic Fibres to Kuwait in 2022:
- China (128.5 tons)
- Turkey (14.2 tons)
- India (13.4 tons)
- United Arab Emirates (4.2 tons)
- South Korea (1.9 tons)
- Pakistan (1.4 tons)
Exports of Tarpaulins, Awnings and Sunblinds of Synthetic Fibres in Kuwait
In 2022, approx. 911 kg of tarpaulins, awnings and sunblinds of synthetic fibreses were exported from Kuwait; which is down by -78.4% against the previous year's figure. Over the period under review, exports showed a precipitous curtailment. The most prominent rate of growth was recorded in 2021 with an increase of 250% against the previous year.
In value terms, exports of tarpaulins, awnings and sunblinds of synthetic fibreses declined significantly to $5.1K in 2022. Overall, exports faced a precipitous curtailment. The pace of growth was the most pronounced in 2021 when exports increased by 302%.
| Export of Tarpaulins, Awnings and Sunblinds of Synthetic Fibres in Kuwait (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Qatar | 13.0 | 2.7 | 17.2 | 2.9 | -39.4% |
| United Arab Emirates | 0.3 | 0.5 | 5.0 | 0.8 | 38.7% |
| Pakistan | N/A | N/A | N/A | 0.3 | 0% |
| Iran | 3.0 | 0.3 | 1.3 | 0.2 | -59.5% |
| Saudi Arabia | 2.2 | 0.2 | 0.3 | 0.2 | -55.0% |
| Bahrain | 0.3 | N/A | 0.1 | 0.1 | -30.7% |
| Iraq | 15.5 | 2.1 | 4.7 | 0.1 | -81.4% |
| Others | N/A | 1.5 | 0.3 | 0.4 | -48.4% |
| Total | 34.2 | 7.2 | 29.1 | 5.1 | -47.0% |
Top Export Markets for Tarpaulins, Awnings and Sunblinds of Synthetic Fibres from Kuwait in 2022:
- Qatar (383.0 kg)
- Bahrain (130.0 kg)
- Iran (127.0 kg)
- United Arab Emirates (116.0 kg)
- Pakistan (60.0 kg)
- Iraq (40.0 kg)
- Saudi Arabia (24.0 kg)
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