Price for Wood; Shingles and Shakes in Kuwait - 2022
Contents:
- Price for Wood; Shingles and Shakes in Kuwait (CIF) - 2022
- Price for Wood; Shingles and Shakes in Kuwait (FOB) - 2022
- Imports of Wood; Shingles and Shakes in Kuwait
- Exports of Wood; Shingles and Shakes in Kuwait
Price for Wood; Shingles and Shakes in Kuwait (CIF) - 2022
In 2022, the average wood; shingles and shakes import price amounted to $7,129 per ton, surging by 1.8% against the previous year. Overall, the import price showed a resilient increase. The growth pace was the most rapid in 2015 an increase of 88% against the previous year. The import price peaked at $7,197 per ton in 2020; however, from 2021 to 2022, import prices failed to regain momentum.
Average prices varied noticeably amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was Italy ($7,727 per ton), while the price for China amounted to $7,038 per ton.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Turkey (+244.6%), while the prices for the other major suppliers experienced more modest paces of growth.
Price for Wood; Shingles and Shakes in Kuwait (FOB) - 2022
In 2022, the average wood; shingles and shakes export price amounted to $677 per ton, surging by 4.8% against the previous year. Over the period under review, the export price, however, saw a deep setback. Over the period under review, the average export prices attained the maximum at $2,422 per ton in 2012; however, from 2013 to 2022, the export prices stood at a somewhat lower figure.
As there is only one major export destination, the average price level is determined by prices for the United Arab Emirates.
From 2012 to 2022, the rate of growth in terms of prices for the United Arab Emirates amounted to -12.0% per year.
Imports of Wood; Shingles and Shakes in Kuwait
In 2022, supplies from abroad of wood; shingles and shakeses was finally on the rise to reach 2.3 tons after two years of decline. In general, imports, however, saw a sharp downturn.
In value terms, wood; shingles and shakes imports skyrocketed to $17K in 2022. Over the period under review, imports, however, showed a precipitous setback.
| Import of Wood; Shingles and Shakes in Kuwait (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| China | 94.0 | 21.4 | 11.5 | 15.8 | -44.8% |
| Italy | 0.3 | 0.1 | 0.3 | 0.3 | 0.0% |
| Others | N/A | 0.1 | 0.1 | 0.6 | 144.9% |
| Total | 94.3 | 21.6 | 11.9 | 16.7 | -43.8% |
Top Suppliers of Wood; Shingles and Shakes to Kuwait in 2022:
- China (2238.0 kg)
- Italy (44.0 kg)
Exports of Wood; Shingles and Shakes in Kuwait
In 2022, shipments abroad of wood; shingles and shakeses decreased by -5.2% to 2.2 tons for the first time since 2018, thus ending a three-year rising trend. The total export volume increased at an average annual rate of +5.6% over the period from 2019 to 2022; the trend pattern remained relatively stable, with only minor fluctuations being recorded throughout the analyzed period. The pace of growth was the most pronounced in 2020 with an increase of 12%.
In value terms, wood; shingles and shakes exports dropped modestly to $1.5K in 2022. Over the period under review, exports, however, recorded a relatively flat trend pattern. The growth pace was the most rapid in 2021 with an increase of 1.1% against the previous year. As a result, the exports reached the peak of $1.5K, leveling off in the following year.
| Export of Wood; Shingles and Shakes in Kuwait (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| United Arab Emirates | 1.5 | 1.5 | 1.5 | 1.5 | 0.0% |
| Others | N/A | N/A | N/A | N/A | 0% |
| Total | 1.5 | 1.5 | 1.5 | 1.5 | 0.0% |
Top Export Markets for Wood; Shingles and Shakes from Kuwait in 2022:
- United Arab Emirates (2.2 tons)
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