Price for Waste, Parings and Scrap, of Plastics in Kuwait - 2022

Contents:

1. Price for Waste, Parings and Scrap, of Plastics in Kuwait (FOB) - 2022
2. Price for Waste, Parings and Scrap, of Plastics in Kuwait (CIF) - 2022
3. Exports of Waste, Parings and Scrap, of Plastics in Kuwait
4. Imports of Waste, Parings and Scrap, of Plastics in Kuwait

Price for Waste, Parings and Scrap, of Plastics in Kuwait (FOB) - 2022

The average export price for waste, parings and scrap, of plasticses stood at $634 per ton in 2022, almost unchanged from the previous year. Overall, the export price saw a strong expansion. The pace of growth was the most pronounced in 2018 an increase of 126%. Over the period under review, the average export prices attained the peak figure at $808 per ton in 2020; however, from 2021 to 2022, the export prices stood at a somewhat lower figure.

Average prices varied noticeably for the major overseas markets. In 2022, amid the top suppliers, the country with the highest price was India ($634 per ton), while the average price for exports to South Korea ($634 per ton) was amongst the lowest.

From 2013 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Pakistan (+18.4%), while the prices for the other major destinations experienced more modest paces of growth.

Price for Waste, Parings and Scrap, of Plastics in Kuwait (CIF) - 2022

The average import price for waste, parings and scrap, of plasticses stood at $932 per ton in 2022, increasing by 24% against the previous year. Over the period under review, the import price, however, continues to indicate a abrupt decrease. The most prominent rate of growth was recorded in 2015 an increase of 53%. The import price peaked at $3,355 per ton in 2016; however, from 2017 to 2022, import prices failed to regain momentum.

Average prices varied somewhat amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was the United Arab Emirates ($711 per ton), while the price for Ireland ($542 per ton) was amongst the lowest.

From 2013 to 2022, the most notable rate of growth in terms of prices was attained by Malaysia (+35.6%), while the prices for the other major suppliers experienced mixed trend patterns.

Exports of Waste, Parings and Scrap, of Plastics in Kuwait

In 2022, approx. 5.1K tons of waste, parings and scrap, of plasticses were exported from Kuwait; standing approx. at 2021. In general, exports continue to indicate a deep downturn. The smallest decline of -74.2% was in 2020.

In value terms, exports of waste, parings and scrap, of plasticses totaled $3.2M in 2022. Over the period under review, exports continue to indicate a sharp shrinkage. The smallest decline of -71.8% was in 2020.

Top Export Markets for Waste, Parings and Scrap, of Plastics from Kuwait in 2022:

1. United Arab Emirates (4.8K tons)
2. South Korea (0.2K tons)
3. India (0.1K tons)

Imports of Waste, Parings and Scrap, of Plastics in Kuwait

In 2022, after three years of growth, there was significant decline in purchases abroad of waste, parings and scrap, of plasticses, when their volume decreased by -51.1% to 156 tons. Overall, imports, however, posted a significant expansion. The growth pace was the most rapid in 2021 when imports increased by 206%. As a result, imports reached the peak of 318 tons, and then contracted significantly in the following year.

In value terms, imports of waste, parings and scrap, of plasticses dropped rapidly to $145K in 2022. Over the period under review, imports, however, posted tangible growth. The most prominent rate of growth was recorded in 2021 when imports increased by 93%. As a result, imports reached the peak of $239K, and then dropped notably in the following year.

Top Suppliers of Waste, Parings and Scrap, of Plastics to Kuwait in 2022:

1. United Arab Emirates (104.1 tons)
2. Italy (47.2 tons)
3. Ireland (2.6 tons)

Source: IndexBox Market Intelligence Platform