Price for Used Pneumatic Tyres of Rubber in Kuwait - 2022

Contents:

1. Price for Used Pneumatic Tyres of Rubber in Kuwait (CIF) - 2022
2. Price for Used Pneumatic Tyres of Rubber in Kuwait (FOB) - 2022
3. Imports of Used Pneumatic Tyres of Rubber in Kuwait
4. Exports of Used Pneumatic Tyres of Rubber in Kuwait

Price for Used Pneumatic Tyres of Rubber in Kuwait (CIF) - 2022

In 2022, the average import price for used pneumatic tyres of rubbers amounted to $80 per unit, falling by -24.8% against the previous year. In general, the import price, however, posted a remarkable increase. The most prominent rate of growth was recorded in 2016 when the average import price increased by 162%. The import price peaked at $109 per unit in 2020; however, from 2021 to 2022, import prices failed to regain momentum.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was the United States ($604 per unit), while the price for the Netherlands ($5.3 per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by the United States (+26.2%), while the prices for the other major suppliers experienced more modest paces of growth.

Price for Used Pneumatic Tyres of Rubber in Kuwait (FOB) - 2022

The average export price for used pneumatic tyres of rubbers stood at $21 per unit in 2022, leveling off at the previous year. In general, the export price continues to indicate a pronounced curtailment. The pace of growth appeared the most rapid in 2016 an increase of 65% against the previous year. As a result, the export price attained the peak level of $56 per unit. From 2017 to 2022, the average export prices remained at a lower figure.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was France ($172 per unit), while the average price for exports to Jordan ($1 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 Iran (+5.8%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Used Pneumatic Tyres of Rubber in Kuwait

In 2022, the amount of used pneumatic tyres of rubbers imported into Kuwait contracted modestly to 145 units, stabilizing at 2021. Over the period under review, total imports indicated a perceptible expansion from 2019 to 2022: its volume increased at an average annual rate of +4.5% over the last three years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +55.9% against 2020 indices. The most prominent rate of growth was recorded in 2021 when imports increased by 58%. As a result, imports attained the peak of 147 units, and then reduced in the following year.

In value terms, used pneumatic tyres of rubber imports shrank remarkably to $12K in 2022. In general, imports showed a pronounced downturn. The most prominent rate of growth was recorded in 2021 with an increase of 56% against the previous year. As a result, imports reached the peak of $16K, and then plummeted in the following year.

Top Suppliers of Used Pneumatic Tyres of Rubber to Kuwait in 2022:

1. Switzerland (71.0 units)
2. Netherlands (35.0 units)
3. Germany (12.0 units)
4. United Arab Emirates (10.0 units)
5. United Kingdom (8.0 units)
6. India (5.0 units)
7. United States (3.0 units)

Exports of Used Pneumatic Tyres of Rubber in Kuwait

In 2022, shipments abroad of used pneumatic tyres of rubbers decreased by -19.6% to 82 units, falling for the second year in a row after two years of growth. Overall, exports continue to indicate a abrupt slump. The pace of growth was the most pronounced in 2020 when exports increased by 18% against the previous year. As a result, the exports reached the peak of 122 units. From 2021 to 2022, the growth of the exports remained at a somewhat lower figure.

In value terms, used pneumatic tyres of rubber exports dropped sharply to $1.7K in 2022. Over the period under review, exports showed a precipitous curtailment. The smallest decline of -19.9% was in 2021. The exports peaked at $3.3K in 2019; however, from 2020 to 2022, the exports remained at a lower figure.

Top Export Markets for Used Pneumatic Tyres of Rubber from Kuwait in 2022:

1. Georgia (52.0 units)
2. Belgium (10.0 units)
3. France (5.0 units)
4. Iran (4.0 units)

Source: IndexBox Market Intelligence Platform