Price for Wood; Posts and Beams in Kuwait - 2021

Contents:

1. Price for Wood; Posts and Beams in Kuwait (CIF) - 2022
2. Price for Wood; Posts and Beams in Kuwait (FOB) - 2022
3. Imports of Wood; Posts and Beams in Kuwait
4. Exports of Wood; Posts and Beams in Kuwait

Price for Wood; Posts and Beams in Kuwait (CIF) - 2022

In 2022, the average wood; posts and beams import price amounted to $1,137 per ton, reducing by -5.8% against the previous year. In general, the import price, however, recorded a relatively flat trend pattern. The most prominent rate of growth was recorded in 2014 when the average import price increased by 39%. The import price peaked at $1,379 per ton in 2016; however, from 2017 to 2022, import prices stood 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 Canada ($3,949 per ton), while the price for Slovakia ($974 per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Slovenia (+16.8%), while the prices for the other major suppliers experienced more modest paces of growth.

Price for Wood; Posts and Beams in Kuwait (FOB) - 2022

The average wood; posts and beams export price stood at $411 per ton in 2022, shrinking by -6.5% against the previous year. Over the period under review, export price indicated a mild expansion from 2012 to 2022: its price increased at an average annual rate of +1.4% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, wood; posts and beams export price decreased by -12.3% against 2020 indices. The pace of growth appeared the most rapid in 2020 an increase of 82%. As a result, the export price reached the peak level of $469 per ton. From 2021 to 2022, the average export prices remained at a lower figure.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Saudi Arabia ($3,720 per ton), while the average price for exports to Iraq totaled $177 per ton.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Saudi Arabia (+34.8%), while the prices for the other major destinations experienced a decline.

Imports of Wood; Posts and Beams in Kuwait

Wood; posts and beams imports into Kuwait surged to 395 tons in 2022, picking up by 282% compared with 2021 figures. Over the period under review, imports, however, showed a mild setback.

In value terms, wood; posts and beams imports skyrocketed to $450K in 2022. In general, imports, however, recorded a mild slump.

Top Suppliers of Wood; Posts and Beams to Kuwait in 2022:

1. Slovakia (215.3 tons)
2. Austria (91.3 tons)
3. China (40.6 tons)
4. Turkey (32.4 tons)
5. Canada (12.9 tons)

Exports of Wood; Posts and Beams in Kuwait

Wood; posts and beams exports from Kuwait rose notably to 18 tons in 2022, increasing by 5.5% against 2021 figures. In general, exports, however, showed a abrupt descent. The pace of growth was the most pronounced in 2021 with an increase of 9.6%.

In value terms, wood; posts and beams exports contracted slightly to $7.3K in 2022. The total export value increased at an average annual rate of +1.4% over the period from 2019 to 2022; however, the trend pattern remained relatively stable, with only minor fluctuations being observed in certain years. The most prominent rate of growth was recorded in 2021 with an increase of 2.8%. As a result, the exports reached the peak of $7.4K, and then dropped modestly in the following year.

Top Export Markets for Wood; Posts and Beams from Kuwait in 2022:

1. Iraq (16.6 tons)
2. Saudi Arabia (1.2 tons)

Source: IndexBox Market Intelligence Platform