Price for Woven Fabrics of Artificial Staple Fibres in Kuwait - 2022

Contents:

1. Price for Woven Fabrics of Artificial Staple Fibres in Kuwait (CIF) - 2022
2. Price for Woven Fabrics of Artificial Staple Fibres in Kuwait (FOB) - 2022
3. Imports of Woven Fabrics of Artificial Staple Fibres in Kuwait
4. Exports of Woven Fabrics of Artificial Staple Fibres in Kuwait

Price for Woven Fabrics of Artificial Staple Fibres in Kuwait (CIF) - 2022

The average import price for woven fabrics of artificial staple fibres stood at $2.0 per square meter in December 2022, growing by 4.1% against the previous month. Over the period under review, import price indicated a resilient increase from December 2021 to December 2022: its price increased at an average monthly rate of +5.8% over the last twelve months. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on December 2022 figures, import price for woven fabrics of artificial staple fibres increased by +43.3% against October 2022 indices. The pace of growth was the most pronounced in January 2022 when the average import price increased by 58% month-to-month. The import price peaked at $2.5 per square meter in September 2022; however, from October 2022 to December 2022, import prices remained at a lower figure.

There were significant differences in the average prices amongst the major supplying countries. In December 2022, the country with the highest price was India ($3.0 per square meter), while the price for China ($1.7 per square meter) was amongst the lowest.

From December 2021 to December 2022, the most notable rate of growth in terms of prices was attained by China (+4.6%), while the prices for the other major suppliers experienced more modest paces of growth.

Price for Woven Fabrics of Artificial Staple Fibres in Kuwait (FOB) - 2022

In 2022, the average export price for woven fabrics of artificial staple fibres amounted to $21 per square meter, shrinking by -4.5% against the previous year. Overall, the export price, however, posted a noticeable expansion. The pace of growth appeared the most rapid in 2021 an increase of 107% against the previous year. As a result, the export price reached the peak level of $22 per square meter, and then contracted in the following year.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Saudi Arabia ($32 per square meter), while the average price for exports to Qatar ($2 per square meter) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Saudi Arabia (+8.8%), while the prices for the other major destinations experienced mixed trend patterns.

Imports of Woven Fabrics of Artificial Staple Fibres in Kuwait

In 2022, after three years of growth, there was significant decline in overseas purchases of woven fabrics of artificial staple fibres, when their volume decreased by -5.8% to 1.6M square meters. The total import volume increased at an average annual rate of +2.3% over the period from 2019 to 2022; the trend pattern remained consistent, with somewhat noticeable fluctuations being observed throughout the analyzed period. The growth pace was the most rapid in 2021 when imports increased by 13%. As a result, imports reached the peak of 1.7M square meters, and then declined in the following year.

In value terms, imports of woven fabrics of artificial staple fibres declined to $9.8M in 2022. In general, imports saw a slight contraction. The pace of growth was the most pronounced in 2021 when imports increased by 23%. As a result, imports reached the peak of $11M, and then declined in the following year.

Top Suppliers of Woven Fabrics of Artificial Staple Fibres to Kuwait in 2022:

1. China (1532.3K square meters)
2. India (21.9K square meters)

Exports of Woven Fabrics of Artificial Staple Fibres in Kuwait

In 2022, overseas shipments of woven fabrics of artificial staple fibres decreased by -11% to 161 square meters, falling for the second consecutive year after two years of growth. Overall, exports recorded a precipitous descent. The pace of growth appeared the most rapid in 2020 with an increase of 1,592%. As a result, the exports attained the peak of 19K square meters. From 2021 to 2022, the growth of the exports of remained at a somewhat lower figure.

In value terms, exports of woven fabrics of artificial staple fibres declined sharply to $3.3K in 2022. Over the period under review, exports faced a drastic downturn. The pace of growth was the most pronounced in 2020 when exports increased by 3,035%. As a result, the exports reached the peak of $198K. From 2021 to 2022, the growth of the exports of failed to regain momentum.

Top Export Markets for Woven Fabrics of Artificial Staple Fibres from Kuwait in 2022:

1. Qatar (313.0 square meters)
2. United Arab Emirates (73.0 square meters)
3. Bahrain (56.0 square meters)
4. Saudi Arabia (30.0 square meters)

Source: IndexBox Market Intelligence Platform