Weaving Machines (Looms) Price in Kuwait - 2022
Contents:
- Weaving Machines (Looms) Price in Kuwait (CIF) - 2022
- Weaving Machines (Looms) Price in Kuwait (FOB) - 2022
- Weaving Machines (Looms) Imports in Kuwait
- Weaving Machines (Looms) Exports in Kuwait
Weaving Machines (Looms) Price in Kuwait (CIF) - 2022
In 2022, the average weaving machines (looms) import price amounted to $4,971 per unit, increasing by 33% against the previous year. In general, the import price, however, continues to indicate a abrupt shrinkage. The pace of growth was the most pronounced in 2018 when the average import price increased by 5,638%. As a result, import price attained the peak level of $18,387 per unit. 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 China ($18,316 per unit), while the price for Turkey ($71 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 Arab Emirates (+40.7%), while the prices for the other major suppliers experienced more modest paces of growth.
Weaving Machines (Looms) Price in Kuwait (FOB) - 2022
In 2022, the average weaving machines (looms) export price amounted to $371 per unit, remaining relatively unchanged against the previous year. Over the period under review, the export price, however, saw a dramatic decline. The growth pace was the most rapid in 2021 an increase of 779% against the previous year. The export price peaked at $5,033 per unit in 2013; however, from 2014 to 2022, the export prices remained at a lower figure.
As there is only one major export destination, the average price level is determined by prices for Saudi Arabia.
From 2012 to 2022, the rate of growth in terms of prices for Saudi Arabia amounted to -21.1% per year.
Weaving Machines (Looms) Imports in Kuwait
In 2022, weaving machines (looms) imports into Kuwait contracted to 8 units, falling by -11.1% compared with 2021. Over the period under review, imports showed a deep setback. The most prominent rate of growth was recorded in 2021 when imports increased by 13%. Imports peaked at 11 units in 2019; however, from 2020 to 2022, imports stood at a somewhat lower figure.
In value terms, weaving machines (looms) imports skyrocketed to $40K in 2022. In general, imports recorded a precipitous setback. The pace of growth appeared the most rapid in 2021 with an increase of 23%. Over the period under review, imports hit record highs at $116K in 2019; however, from 2020 to 2022, imports stood at a somewhat lower figure.
| Import of Weaving Machines (Looms) in Kuwait (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| China | 75.3 | 16.0 | 3.5 | 18.3 | -37.6% |
| Switzerland | 28.7 | 6.6 | 18.6 | 12.7 | -23.8% |
| United Arab Emirates | 4.7 | 2.9 | 7.5 | 6.0 | 8.5% |
| India | 3.1 | 0.6 | 2.1 | 1.4 | -23.3% |
| United States | 1.6 | 0.6 | 0.9 | 0.7 | -24.1% |
| Italy | 1.1 | 0.4 | 0.7 | 0.4 | -28.6% |
| United Kingdom | 0.4 | 0.2 | 0.3 | 0.2 | -20.6% |
| Turkey | 0.2 | 0.1 | 0.1 | 0.1 | -20.6% |
| Morocco | 0.3 | N/A | N/A | N/A | 0% |
| Others | N/A | N/A | N/A | N/A | 0% |
| Total | 116 | 27.4 | 33.6 | 39.8 | -30.0% |
Top Suppliers of Weaving Machines (Looms) to Kuwait in 2022:
- Turkey (1.0 units)
- United States (1.0 units)
- Italy (1.0 units)
- United Arab Emirates (1.0 units)
- India (1.0 units)
- United Kingdom (1.0 units)
- China (1.0 units)
- Switzerland (1.0 units)
Weaving Machines (Looms) Exports in Kuwait
In 2022, shipments abroad of weaving machines (looms)s decreased by 0% to 1 units, falling for the second year in a row after two years of growth. Over the period under review, exports recorded a relatively flat trend pattern. The growth pace was the most rapid in 2020 when exports increased by 100% against the previous year. As a result, the exports attained the peak of 2 units. From 2021 to 2022, the growth of the exports remained at a somewhat lower figure.
In value terms, weaving machines (looms) exports stood at $371 in 2022. In general, exports recorded a noticeable decrease. The pace of growth was the most pronounced in 2021 with an increase of 339% against the previous year. Over the period under review, the exports hit record highs at $424 in 2019; however, from 2020 to 2022, the exports failed to regain momentum.
| Export of Weaving Machines (Looms) in Kuwait (USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Saudi Arabia | 424 | 78.0 | 369 | 371 | -4.4% |
| United Arab Emirates | N/A | 6.0 | N/A | N/A | 0% |
| Others | N/A | N/A | N/A | N/A | 0% |
| Total | 424 | 84.0 | 369 | 371 | -4.4% |
Top Export Markets for Weaving Machines (Looms) from Kuwait in 2022:
- Saudi Arabia (1.0 units)
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