Kuwait: Billiard Accessoires Market 2024

Billiard Accessoires Market Size in Kuwait

In 2022, the Kuwaiti billiard accessoires market decreased by -18% to $X for the first time since 2018, thus ending a three-year rising trend. In general, consumption, however, saw a moderate increase. As a result, consumption attained the peak level of $X, and then contracted dramatically in the following year.

Billiard Accessoires Exports

Exports from Kuwait

In 2022, after three years of growth, there was significant decline in overseas shipments of articles and accessories for billiards, when their volume decreased by -5.5% to X tons. In general, exports, however, showed a resilient increase. The most prominent rate of growth was recorded in 2016 with an increase of 660% against the previous year. As a result, the exports attained the peak of X tons. From 2017 to 2022, the growth of the exports failed to regain momentum.

In value terms, billiard accessoires exports reached $X in 2022. Over the period under review, exports, however, enjoyed a buoyant increase. The growth pace was the most rapid in 2016 when exports increased by 1,102%. As a result, the exports attained the peak of $X. From 2017 to 2022, the growth of the exports failed to regain momentum.

Exports by Country

Saudi Arabia (X tons), the United Arab Emirates (X tons) and Bahrain (X tons) were the main destinations of billiard accessoires exports from Kuwait, together comprising 88% of total exports.

From 2012 to 2022, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by the United Arab Emirates (with a CAGR of +30.6%), while the other leaders experienced more modest paces of growth.

In value terms, the United Arab Emirates ($X), Saudi Arabia ($X) and Bahrain ($X) constituted the largest markets for billiard accessoires exported from Kuwait worldwide, together accounting for 91% of total exports. Qatar and Oman lagged somewhat behind, together comprising a further 8%.

Oman, with a CAGR of +28.2%, saw the highest growth rate of the value of exports, among the main countries of destination over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

The average billiard accessoires export price stood at $X per ton in 2022, growing by 9.4% against the previous year. In general, the export price saw a relatively flat trend pattern. The pace of growth appeared the most rapid in 2016 when the average export price increased by 58%. Over the period under review, the average export prices reached the maximum at $X per ton in 2017; however, from 2018 to 2022, the export prices failed to regain momentum.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was the United Arab Emirates ($X per ton), while the average price for exports to Oman ($X 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 India (+294.9%), while the prices for the other major destinations experienced more modest paces of growth.

Billiard Accessoires Imports

Imports into Kuwait

In 2022, after three years of growth, there was significant decline in supplies from abroad of articles and accessories for billiards, when their volume decreased by -9.6% to X tons. Overall, imports, however, enjoyed prominent growth. The most prominent rate of growth was recorded in 2014 with an increase of 58% against the previous year. Imports peaked at X tons in 2021, and then contracted in the following year.

In value terms, billiard accessoires imports dropped remarkably to $X in 2022. Over the period under review, imports, however, saw moderate growth. The most prominent rate of growth was recorded in 2021 with an increase of 79% against the previous year. As a result, imports reached the peak of $X, and then dropped rapidly in the following year.

Imports by Country

In 2022, China (X tons) constituted the largest supplier of billiard accessoires to Kuwait, with a 72% share of total imports. Moreover, billiard accessoires imports from China exceeded the figures recorded by the second-largest supplier, the United States (X tons), fivefold. The third position in this ranking was held by India (X tons), with a 6.9% share.

From 2012 to 2022, the average annual growth rate of volume from China totaled +7.3%. The remaining supplying countries recorded the following average annual rates of imports growth: the United States (+8.7% per year) and India (-1.9% per year).

In value terms, the largest billiard accessoires suppliers to Kuwait were China ($X), the United States ($X) and India ($X), with a combined 82% share of total imports. These countries were followed by Germany, which accounted for a further 0.9%.

Germany, with a CAGR of +15.2%, recorded the highest growth rate of the value of imports, in terms of the main suppliers over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

The average billiard accessoires import price stood at $X per ton in 2022, shrinking by -13.8% against the previous year. Overall, the import price continues to indicate a noticeable slump. The most prominent rate of growth was recorded in 2021 an increase of 45% against the previous year. Over the period under review, average import prices hit record highs at $X per ton in 2012; however, from 2013 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 the United States ($X per ton), while the price for India ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by the United States (+2.1%), while the prices for the other major suppliers experienced a decline.

Source: IndexBox Platform

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