Price for Calculating Machines; Parts and Accessories of Item No. 8470.10, 8470.21 or 8470.29 in Kuwait - 2022
Contents:
- Price for Calculating Machines; Parts and Accessories of Item No. 8470.10, 8470.21 or 8470.29 in Kuwait (CIF) - 2022
- Price for Calculating Machines; Parts and Accessories of Item No. 8470.10, 8470.21 or 8470.29 in Kuwait (FOB) - 2022
- Imports of Calculating Machines; Parts and Accessories of Item No. 8470.10, 8470.21 or 8470.29 in Kuwait
- Exports of Calculating Machines; Parts and Accessories of Item No. 8470.10, 8470.21 or 8470.29 in Kuwait
Price for Calculating Machines; Parts and Accessories of Item No. 8470.10, 8470.21 or 8470.29 in Kuwait (CIF) - 2022
The average import price for calculating machines; parts and accessories of item no. 8470.10, 8470.21 or 8470.29 stood at $104,156 per ton in 2022, surging by 110% against the previous year. Overall, import price indicated a noticeable expansion from 2012 to 2022: its price increased at an average annual rate of +3.8% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. As a result, import price reached the peak level and is likely to continue growth in the immediate term.
Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Singapore ($681,444 per ton), while the price for Hong Kong SAR ($6,500 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by South Korea (+21.7%), while the prices for the other major suppliers experienced more modest paces of growth.
Price for Calculating Machines; Parts and Accessories of Item No. 8470.10, 8470.21 or 8470.29 in Kuwait (FOB) - 2022
In 2022, the average export price for calculating machines; parts and accessories of item no. 8470.10, 8470.21 or 8470.29 amounted to $13,513 per ton, waning by -35.9% against the previous year. In general, the export price showed a abrupt contraction. The growth pace was the most rapid in 2018 when the average export price increased by 281% against the previous year. As a result, the export price reached the peak level of $63,545 per ton. From 2019 to 2022, the average export prices failed to regain momentum.
There were significant differences in the average prices for the major external markets. In 2022, amid the top suppliers, the country with the highest price was the Czech Republic ($84,500 per ton), while the average price for exports to Bahrain ($8,000 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to the Czech Republic (+7.8%), while the prices for the other major destinations experienced mixed trend patterns.
Imports of Calculating Machines; Parts and Accessories of Item No. 8470.10, 8470.21 or 8470.29 in Kuwait
In 2022, overseas purchases of calculating machines; parts and accessories of item no. 8470.10, 8470.21 or 8470.29 decreased by -12.1% to 211 kg, falling for the second consecutive year after two years of growth. Overall, imports recorded a abrupt downturn. The pace of growth appeared the most rapid in 2020 when imports increased by 47%. As a result, imports reached the peak of 583 kg. From 2021 to 2022, the growth of imports of failed to regain momentum.
In value terms, imports of calculating machines; parts and accessories of item no. 8470.10, 8470.21 or 8470.29 soared to $22K in 2022. Over the period under review, imports recorded a mild descent.
| Import of Calculating Machines; Parts and Accessories of Item No. 8470.10, 8470.21 or 8470.29 in Kuwait (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Singapore | 3.8 | 4.9 | 2.8 | 6.1 | 17.1% |
| United Kingdom | 3.7 | 2.4 | 1.5 | 2.2 | -15.9% |
| Germany | 4.3 | 2.0 | 0.9 | 1.7 | -26.6% |
| New Zealand | N/A | N/A | N/A | 1.7 | 0% |
| China | 0.5 | 2.5 | 1.0 | 1.4 | 40.9% |
| South Korea | 1.4 | 1.4 | 0.6 | 1.2 | -5.0% |
| Sweden | 0.5 | 0.6 | 0.3 | 0.7 | 11.9% |
| United Arab Emirates | 1.2 | 3.1 | 0.8 | 0.6 | -20.6% |
| Turkey | 0.2 | 0.3 | 0.3 | 0.5 | 35.7% |
| Indonesia | 0.4 | 0.3 | 0.1 | 0.2 | -20.6% |
| France | 0.4 | 0.4 | 0.1 | 0.2 | -20.6% |
| Taiwan (Chinese) | 1.0 | 1.9 | 0.1 | 0.1 | -53.6% |
| Hong Kong SAR | 0.1 | 0.1 | N/A | 0.1 | 0.0% |
| Others | 5.4 | 14.8 | 3.3 | 5.3 | -0.6% |
| Total | 22.9 | 34.7 | 11.9 | 22.0 | -1.3% |
Top Suppliers of Calculating Machines; Parts and Accessories of Item No. 8470.10, 8470.21 or 8470.29 to Kuwait in 2022:
- United Kingdom (28.0 kg)
- South Korea (27.0 kg)
- United Arab Emirates (26.0 kg)
- France (19.0 kg)
- China (17.0 kg)
- Turkey (15.0 kg)
- Sweden (11.0 kg)
- Hong Kong SAR (10.0 kg)
- Singapore (9.0 kg)
- New Zealand (9.0 kg)
- Germany (7.0 kg)
- Indonesia (6.0 kg)
- Taiwan (Chinese) (3.0 kg)
Exports of Calculating Machines; Parts and Accessories of Item No. 8470.10, 8470.21 or 8470.29 in Kuwait
Exports of calculating machines; parts and accessories of item no. 8470.10, 8470.21 or 8470.29 from Kuwait expanded sharply to 318 kg in 2022, growing by 15% compared with the previous year. Overall, exports, however, recorded a abrupt shrinkage. The most prominent rate of growth was recorded in 2021 with an increase of 25%.
In value terms, exports of calculating machines; parts and accessories of item no. 8470.10, 8470.21 or 8470.29 shrank remarkably to $4.3K in 2022. In general, exports, however, continue to indicate a precipitous decrease. The pace of growth was the most pronounced in 2021 with an increase of 43% against the previous year.
| Export of Calculating Machines; Parts and Accessories of Item No. 8470.10, 8470.21 or 8470.29 in Kuwait (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Saudi Arabia | 7.6 | 2.7 | 4.1 | 3.2 | -25.0% |
| United Arab Emirates | 2.5 | 0.8 | 1.1 | 0.8 | -31.6% |
| Bahrain | 1.6 | 0.2 | 0.1 | N/A | -75.0% |
| Others | 1.1 | 0.4 | 0.5 | 0.2 | -43.3% |
| Total | 12.8 | 4.1 | 5.8 | 4.3 | -30.5% |
Top Export Markets for Calculating Machines; Parts and Accessories of Item No. 8470.10, 8470.21 or 8470.29 from Kuwait in 2022:
- Saudi Arabia (294.0 kg)
- United Arab Emirates (17.0 kg)
- Bahrain (1.0 kg)
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This report provides an in-depth analysis of the computing machinery market in Kuwait.
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This report provides an in-depth analysis of the global computing machinery market.
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