Price for Machinery; Parts of Machinery of Heading No. 8422 in Kuwait - 2022

Contents:

1. Price for Machinery; Parts of Machinery of Heading No. 8422 in Kuwait (CIF) - 2022
2. Price for Machinery; Parts of Machinery of Heading No. 8422 in Kuwait (FOB) - 2022
3. Imports of Machinery; Parts of Machinery of Heading No. 8422 in Kuwait
4. Exports of Machinery; Parts of Machinery of Heading No. 8422 in Kuwait

Price for Machinery; Parts of Machinery of Heading No. 8422 in Kuwait (CIF) - 2022

The average import price for machinery; parts of machinery of heading no. 8422 stood at $430,564 per ton in 2022, picking up by 58% against the previous year. Over the period under review, the import price recorded strong growth. The pace of growth appeared the most rapid in 2020 an increase of 96% against the previous year. The import price peaked in 2022 and is expected to retain growth in the near future.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was France ($520,542 per ton), while the price for China ($146,753 per ton) was amongst the lowest.

From 2013 to 2022, the most notable rate of growth in terms of prices was attained by Denmark (+23.6%), while the prices for the other major suppliers experienced more modest paces of growth.

Price for Machinery; Parts of Machinery of Heading No. 8422 in Kuwait (FOB) - 2022

The average export price for machinery; parts of machinery of heading no. 8422 stood at $142,568 per ton in 2022, jumping by 324% against the previous year. In general, the export price enjoyed a significant increase. The growth pace was the most rapid in 2016 when the average export price increased by 764%. The export price peaked in 2022 and is likely to continue growth in the immediate term.

Average prices varied noticeably for the major foreign markets. In 2022, amid the top suppliers, the country with the highest price was Pakistan ($143,054 per ton), while the average price for exports to Egypt amounted to $140,000 per ton.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Italy (+12.1%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Machinery; Parts of Machinery of Heading No. 8422 in Kuwait

After two years of decline, supplies from abroad of machinery; parts of machinery of heading no. 8422 increased by 19% to 19 tons in 2022. Overall, imports, however, recorded a sharp slump.

In value terms, imports of machinery; parts of machinery of heading no. 8422 skyrocketed to $8.1M in 2022. In general, imports recorded buoyant growth. As a result, imports attained the peak and are likely to continue growth in the immediate term.

Top Suppliers of Machinery; Parts of Machinery of Heading No. 8422 to Kuwait in 2022:

1. France (8.6 tons)
2. Italy (3.4 tons)
3. Germany (3.0 tons)
4. China (0.9 tons)
5. United States (0.5 tons)
6. Denmark (0.4 tons)
7. Sweden (0.4 tons)
8. Netherlands (0.2 tons)

Exports of Machinery; Parts of Machinery of Heading No. 8422 in Kuwait

In 2022, after three years of growth, there was significant decline in shipments abroad of machinery; parts of machinery of heading no. 8422, when their volume decreased by -97.9% to 44 kg. Overall, exports saw a sharp reduction. The pace of growth was the most pronounced in 2020 when exports increased by 125%.

In value terms, exports of machinery; parts of machinery of heading no. 8422 fell significantly to $6.3K in 2022. In general, exports showed a sharp curtailment. The most prominent rate of growth was recorded in 2020 when exports increased by 435%.

Top Export Markets for Machinery; Parts of Machinery of Heading No. 8422 from Kuwait in 2022:

1. Pakistan (37.0 kg)
2. Egypt (7.0 kg)

Source: IndexBox Market Intelligence Platform