Price for Wood; for Fuel, Sawdust and Wood Waste and Scrap, Not Agglomerated in Kuwait - 2022
Contents:
- Price for Wood; for Fuel, Sawdust and Wood Waste and Scrap, Not Agglomerated in Kuwait (CIF) - 2022
- Price for Wood; for Fuel, Sawdust and Wood Waste and Scrap, Not Agglomerated in Kuwait (FOB) - 2022
- Imports of Wood; for Fuel, Sawdust and Wood Waste and Scrap, Not Agglomerated in Kuwait
- Exports of Wood; for Fuel, Sawdust and Wood Waste and Scrap, Not Agglomerated in Kuwait
Price for Wood; for Fuel, Sawdust and Wood Waste and Scrap, Not Agglomerated in Kuwait (CIF) - 2022
The average import price for wood stood at $41 per cubic meter in 2022, with a decrease of -27.9% against the previous year. Overall, the import price continues to indicate a perceptible contraction. The pace of growth was the most pronounced in 2018 when the average import price increased by 38% against the previous year. As a result, import price reached the peak level of $67 per cubic meter. From 2019 to 2022, the average import prices remained at a somewhat 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 Turkey ($106 per cubic meter), while the price for Germany ($27 per cubic meter) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Sri Lanka (+21.6%), while the prices for the other major suppliers experienced more modest paces of growth.
Price for Wood; for Fuel, Sawdust and Wood Waste and Scrap, Not Agglomerated in Kuwait (FOB) - 2022
The average export price for wood stood at $19 per cubic meter in 2020, surging by 75% against the previous year. In general, the export price, however, faced a abrupt descent. Over the period under review, the average export prices hit record highs at $25 per cubic meter in 2018; however, from 2019 to 2020, the export prices remained at a lower figure.
There were significant differences in the average prices for the major foreign markets. In 2020, amid the top suppliers, the country with the highest price was Oman ($20 per cubic meter), while the average price for exports to India stood at $9.7 per cubic meter.
From 2018 to 2020, the most notable rate of growth in terms of prices was recorded for supplies to the United Arab Emirates (+215.3%).
Imports of Wood; for Fuel, Sawdust and Wood Waste and Scrap, Not Agglomerated in Kuwait
In 2022, overseas purchases of wood decreased by -21.3% to 1.4K cubic meters for the first time since 2018, thus ending a three-year rising trend. The total import volume increased at an average annual rate of +2.4% over the period from 2019 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The most prominent rate of growth was recorded in 2020 when imports increased by 20% against the previous year. Imports peaked at 1.8K cubic meters in 2021, and then contracted significantly in the following year.
In value terms, imports of wood declined dramatically to $56K in 2022. Over the period under review, imports continue to indicate a drastic downturn. The growth pace was the most rapid in 2021 with an increase of 32%. As a result, imports reached the peak of $100K, and then declined dramatically in the following year.
| Import of Wood; for Fuel, Sawdust and Wood Waste and Scrap, Not Agglomerated in Kuwait (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Germany | 24.4 | 20.0 | 15.7 | 18.4 | -9.0% |
| Netherlands | 17.3 | 17.3 | 14.3 | 14.8 | -5.1% |
| Turkey | 0.8 | 2.5 | 2.8 | 8.5 | 119.8% |
| United States | 2.5 | 6.9 | 5.3 | 6.3 | 36.1% |
| United Arab Emirates | 0.9 | 2.9 | 4.3 | 4.3 | 68.4% |
| Switzerland | 2.9 | 0.4 | 2.6 | 2.6 | -3.6% |
| China | 1.0 | 1.2 | 1.6 | 1.6 | 17.0% |
| Sri Lanka | 3.8 | 5.7 | 3.1 | N/A | -9.7% |
| South Africa | N/A | N/A | 8.9 | N/A | 0% |
| Singapore | N/A | 7.2 | N/A | N/A | 0% |
| Others | 26.0 | 11.2 | 40.9 | N/A | 25.4% |
| Total | 79.6 | 75.3 | 99.6 | 56.5 | -10.8% |
Top Suppliers of Wood; for Fuel, Sawdust and Wood Waste and Scrap, Not Agglomerated to Kuwait in 2022:
- Germany (691.0 cubic meters)
- Netherlands (251.0 cubic meters)
- United States (160.0 cubic meters)
- United Arab Emirates (155.0 cubic meters)
- Turkey (80.0 cubic meters)
- Switzerland (25.0 cubic meters)
- China (22.0 cubic meters)
Exports of Wood; for Fuel, Sawdust and Wood Waste and Scrap, Not Agglomerated in Kuwait
In 2020, the amount of wood exported from Kuwait shrank rapidly to 131 cubic meters, waning by -33.8% against 2019. In general, exports recorded a sharp curtailment. The exports peaked at 198 cubic meters in 2019, and then fell markedly in the following year.
In value terms, exports of wood soared to $2.5K in 2020. The total export value increased at an average annual rate of +15.5% from 2019 to 2020; however, the trend pattern remained relatively stable, with somewhat noticeable fluctuations being recorded in certain years. As a result, the exports reached the peak and are likely to continue growth in the immediate term.
| Export of Wood; for Fuel, Sawdust and Wood Waste and Scrap, Not Agglomerated in Kuwait (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | CAGR, 2019-2020 | ||
| Oman | N/A | 2.5 | 0% | ||
| India | 1.6 | 0.1 | -93.8% | ||
| United Arab Emirates | 0.6 | N/A | 0% | ||
| Others | N/A | N/A | 0% | ||
| Total | 2.2 | 2.5 | 13.6% | ||
Top Export Markets for Wood; for Fuel, Sawdust and Wood Waste and Scrap, Not Agglomerated from Kuwait in 2022:
- Oman (124.0 cubic meters)
- India (7.0 cubic meters)
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