Price for Textiles; Worn Clothing and Other Worn Articles in Kuwait - 2022
Contents:
- Price for Textiles; Worn Clothing and Other Worn Articles in Kuwait (FOB) - 2022
- Price for Textiles; Worn Clothing and Other Worn Articles in Kuwait (CIF) - 2022
- Exports of Textiles; Worn Clothing and Other Worn Articles in Kuwait
- Imports of Textiles; Worn Clothing and Other Worn Articles in Kuwait
Price for Textiles; Worn Clothing and Other Worn Articles in Kuwait (FOB) - 2022
The average export price for textiles; worn clothing and other worn articleses stood at $1,196 per ton in 2022, picking up by 18% against the previous year. Over the period under review, the export price, however, saw a noticeable slump. The most prominent rate of growth was recorded in 2020 when the average export price increased by 48%. Over the period under review, the average export prices attained the peak figure at $1,466 per ton in 2012; however, from 2013 to 2022, the export prices stood at a somewhat lower figure.
Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Egypt ($3,668 per ton), while the average price for exports to Jordan ($373 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 Egypt (+10.4%), while the prices for the other major destinations experienced more modest paces of growth.
Price for Textiles; Worn Clothing and Other Worn Articles in Kuwait (CIF) - 2022
The average import price for textiles; worn clothing and other worn articleses stood at $1,288 per ton in 2022, shrinking by -28.8% against the previous year. In general, the import price continues to indicate a pronounced decline. The growth pace was the most rapid in 2021 when the average import price increased by 26% against the previous year. The import price peaked at $2,539 per ton in 2016; however, from 2017 to 2022, import prices remained at a lower figure.
Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was South Korea ($7,105 per ton), while the price for France ($1,024 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 (+17.8%), while the prices for the other major suppliers experienced more modest paces of growth.
Exports of Textiles; Worn Clothing and Other Worn Articles in Kuwait
In 2022, after three years of growth, there was significant decline in shipments abroad of textiles; worn clothing and other worn articleses, when their volume decreased by -10.9% to 6.3K tons. Overall, exports, however, recorded a significant increase. The most prominent rate of growth was recorded in 2020 when exports increased by 358% against the previous year.
In value terms, exports of textiles; worn clothing and other worn articleses rose significantly to $7.5M in 2022. In general, exports, however, recorded significant growth. The growth pace was the most rapid in 2020 when exports increased by 578% against the previous year. Over the period under review, the exports of reached the maximum in 2022 and are expected to retain growth in years to come.
| Export of Textiles; Worn Clothing and Other Worn Articles in Kuwait (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| India | 193 | 932 | 2,071 | 2,126 | 122.5% |
| Ethiopia | 127 | 681 | 1,055 | 1,100 | 105.4% |
| Bangladesh | 111 | 471 | 724 | 695 | 84.3% |
| Iran | 33.1 | 432 | 504 | 549 | 155.0% |
| China | 30.3 | 382 | 431 | 454 | 146.5% |
| Philippines | 34.9 | 188 | 166 | 443 | 133.3% |
| Nepal | 23.0 | 94.1 | 172 | 275 | 128.7% |
| Sudan | 6.1 | 63.1 | 155 | 231 | 235.8% |
| Afghanistan | 15.6 | 185 | 197 | 196 | 132.5% |
| United Arab Emirates | 32.5 | 273 | 164 | 157 | 69.0% |
| Jordan | 11.5 | 137 | 146 | 145 | 132.8% |
| Qatar | 81.0 | 418 | 167 | 112 | 11.4% |
| Others | 136 | 1,402 | 1,175 | 1,023 | 95.9% |
| Total | 835 | 5,659 | 7,129 | 7,506 | 107.9% |
Top Export Markets for Textiles; Worn Clothing and Other Worn Articles from Kuwait in 2022:
- India (1728.1 tons)
- Ethiopia (893.7 tons)
- Bangladesh (565.2 tons)
- Afghanistan (396.4 tons)
- Jordan (388.9 tons)
- Philippines (359.8 tons)
- Iran (337.8 tons)
- China (323.9 tons)
- Nepal (223.5 tons)
- Sudan (187.6 tons)
- Qatar (90.8 tons)
- United Arab Emirates (63.5 tons)
Imports of Textiles; Worn Clothing and Other Worn Articles in Kuwait
In 2022, purchases abroad of textiles; worn clothing and other worn articleses was finally on the rise to reach 537 tons after two years of decline. Over the period under review, imports continue to indicate a relatively flat trend pattern. As a result, imports attained the peak and are likely to continue growth in the immediate term.
In value terms, imports of textiles; worn clothing and other worn articleses surged to $692K in 2022. Overall, imports, however, showed a abrupt downturn.
| Import of Textiles; Worn Clothing and Other Worn Articles in Kuwait (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| United Kingdom | 13.1 | 48.4 | 114 | 313 | 188.0% |
| United States | 82.4 | 204 | 56.5 | 62.3 | -8.9% |
| Jordan | 13.3 | 30.5 | 20.4 | 35.2 | 38.3% |
| China | 62.3 | 123 | 10.3 | 31.9 | -20.0% |
| Turkey | 4.9 | 4.7 | 4.3 | 21.9 | 64.7% |
| France | 7.2 | 12.3 | 12.2 | 14.0 | 24.8% |
| Canada | 12.1 | 8.2 | 4.9 | 13.4 | 3.5% |
| United Arab Emirates | 528 | 27.5 | 11.9 | 10.8 | -72.7% |
| Others | 143 | 213 | 157 | 190 | 9.9% |
| Total | 865 | 672 | 392 | 692 | -7.2% |
Top Suppliers of Textiles; Worn Clothing and Other Worn Articles to Kuwait in 2022:
- United Kingdom (305.2 tons)
- United States (34.9 tons)
- China (31.1 tons)
- Jordan (21.7 tons)
- Turkey (21.3 tons)
- France (13.6 tons)
- United Arab Emirates (10.6 tons)
- Canada (5.6 tons)
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