Kuwait: Table-Tennis Equipment Market 2024

Table-Tennis Equipment Market Size in Kuwait

In 2022, after two years of growth, there was significant decline in the Kuwaiti table-tennis equipment market, when its value decreased by -22.3% to $X. Overall, consumption, however, showed a perceptible increase. Over the period under review, the market hit record highs at $X in 2021, and then fell remarkably in the following year.

Table-Tennis Equipment Exports

Exports from Kuwait

In 2022, the amount of articles and equipment for table-tennis exported from Kuwait skyrocketed to X tons, jumping by 712% against the year before. Overall, exports posted a resilient expansion. The most prominent rate of growth was recorded in 2016 with an increase of 863% against the previous year. The exports peaked at X tons in 2020; however, from 2021 to 2022, the exports remained at a lower figure.

In value terms, table-tennis equipment exports soared to $X in 2022. In general, exports continue to indicate significant growth. Over the period under review, the exports attained the maximum at $X in 2020; however, from 2021 to 2022, the exports remained at a lower figure.

Exports by Country

Bahrain (X tons) was the main destination for table-tennis equipment exports from Kuwait, with a 63% share of total exports. Moreover, table-tennis equipment exports to Bahrain exceeded the volume sent to the second major destination, the United Arab Emirates (X kg), fourfold. Saudi Arabia (X kg) ranked third in terms of total exports with a 13% share.

From 2012 to 2022, the average annual growth rate of volume to Bahrain stood at +55.3%. Exports to the other major destinations recorded the following average annual rates of exports growth: the United Arab Emirates (+18.5% per year) and Saudi Arabia (-2.4% per year).

In value terms, Bahrain ($X) remains the key foreign market for articles and equipment for table-tennis exports from Kuwait, comprising 61% of total exports. The second position in the ranking was held by the United Arab Emirates ($X), with a 22% share of total exports. It was followed by Qatar, with a 14% share.

From 2012 to 2022, the average annual growth rate of value to Bahrain totaled +65.9%. Exports to the other major destinations recorded the following average annual rates of exports growth: the United Arab Emirates (+30.2% per year) and Qatar (+34.8% per year).

Export Prices by Country

The average table-tennis equipment export price stood at $X per ton in 2022, surging by 66% against the previous year. Over the period under review, the export price recorded a noticeable increase. The export price peaked at $X per ton in 2015; however, from 2016 to 2022, the export prices failed to regain momentum.

There were significant differences in the average prices for the major foreign markets. In 2022, amid the top suppliers, the country with the highest price was Qatar ($X per ton), while the average price for exports to Saudi Arabia ($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 the United Arab Emirates (+9.9%), while the prices for the other major destinations experienced more modest paces of growth.

Table-Tennis Equipment Imports

Imports into Kuwait

In 2022, after two years of growth, there was significant decline in overseas purchases of articles and equipment for table-tennis, when their volume decreased by -22.3% to X tons. Over the period under review, imports, however, posted a mild expansion. The pace of growth appeared the most rapid in 2017 when imports increased by 80%. Over the period under review, imports reached the peak figure at X tons in 2021, and then shrank rapidly in the following year.

In value terms, table-tennis equipment imports reduced remarkably to $X in 2022. In general, imports, however, continue to indicate prominent growth. The pace of growth was the most pronounced in 2021 when imports increased by 56%. As a result, imports reached the peak of $X, and then declined sharply in the following year.

Imports by Country

France (X tons), Germany (X tons) and India (X tons) were the main suppliers of table-tennis equipment imports to Kuwait, with a combined 46% share of total imports. China, the United Arab Emirates, Portugal, Italy, Mauritius, Hong Kong SAR and Spain lagged somewhat behind, together comprising a further 49%.

From 2012 to 2022, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by Hong Kong SAR (with a CAGR of +64.5%), while imports for the other leaders experienced more modest paces of growth.

In value terms, the largest table-tennis equipment suppliers to Kuwait were China ($X), Hong Kong SAR ($X) and Germany ($X), with a combined 40% share of total imports.

Hong Kong SAR, with a CAGR of +63.7%, recorded the highest rates of growth with regard to 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 table-tennis equipment import price stood at $X per ton in 2022, picking up by 5.4% against the previous year. Over the period under review, import price indicated a tangible increase from 2012 to 2022: its price increased at an average annual rate of +4.4% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, table-tennis equipment import price increased by +30.7% against 2020 indices. The pace of growth was the most pronounced in 2015 when the average import price increased by 47% against the previous year. The import price peaked at $X 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 Hong Kong SAR ($X per ton), while the price for Italy ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by China (+5.6%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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