Kuwait: Market for Articles Of Cellulose Fibre-Cement, Not Containing Asbestos 2024

Market Size for Articles Of Cellulose Fibre-Cement, Not Containing Asbestos in Kuwait

The Kuwaiti market for articles of cellulose fibre-cement, not containing asbestos rose remarkably to $X in 2022, surging by 8.2% against the previous year. In general, consumption enjoyed a prominent increase. Over the period under review, the market attained the peak level at $X in 2017; however, from 2018 to 2022, consumption stood at a somewhat lower figure.

Production of Articles Of Cellulose Fibre-Cement, Not Containing Asbestos in Kuwait

In value terms, production of articles of cellulose fibre-cement, not containing asbestos rose markedly to $X in 2022 estimated in export price. Overall, production enjoyed strong growth. The pace of growth was the most pronounced in 2020 with an increase of 50% against the previous year. As a result, production reached the peak level of $X. From 2021 to 2022, production of growth remained at a somewhat lower figure.

Exports of Articles Of Cellulose Fibre-Cement, Not Containing Asbestos

Exports from Kuwait

In 2022, exports of articles of cellulose fibre-cement, not containing asbestos from Kuwait fell sharply to X tons, dropping by -27.5% against the previous year's figure. In general, exports continue to indicate a abrupt descent. The most prominent rate of growth was recorded in 2019 with an increase of 282% against the previous year. Over the period under review, the exports of hit record highs at X tons in 2012; however, from 2013 to 2022, the exports remained at a lower figure.

In value terms, exports of articles of cellulose fibre-cement, not containing asbestos declined significantly to $X in 2022. Over the period under review, exports saw a deep slump. The most prominent rate of growth was recorded in 2019 when exports increased by 855%. The exports peaked at $X in 2012; however, from 2013 to 2022, the exports failed to regain momentum.

Exports by Country

The United Arab Emirates (X tons), Iraq (X tons) and Saudi Arabia (X tons) were the main destinations of exports of articles of cellulose fibre-cement, not containing asbestos from Kuwait, together accounting for 81% of total exports.

From 2012 to 2022, the biggest increases were recorded for the United Arab Emirates (with a CAGR of +39.9%), while shipments for the other leaders experienced mixed trend patterns.

In value terms, the United Arab Emirates ($X) remains the key foreign market for articles of cellulose fibre-cement, not containing asbestos exports from Kuwait, comprising 58% of total exports. The second position in the ranking was held by Saudi Arabia ($X), with a 26% share of total exports. It was followed by Qatar, with a 7.2% share.

From 2012 to 2022, the average annual growth rate of value to the United Arab Emirates totaled +50.9%. Exports to the other major destinations recorded the following average annual rates of exports growth: Saudi Arabia (-15.9% per year) and Qatar (-16.1% per year).

Export Prices by Country

In 2022, the average export price for articles of cellulose fibre-cement, not containing asbestos amounted to $X per ton, increasing by 3.9% against the previous year. Over the period under review, the export price saw a temperate expansion. The most prominent rate of growth was recorded in 2019 when the average export price increased by 150%. The export price peaked in 2022 and is likely to continue growth in the immediate term.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Saudi Arabia ($X per ton), while the average price for exports to Iraq ($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 Iran (+20.8%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Articles Of Cellulose Fibre-Cement, Not Containing Asbestos

Imports into Kuwait

In 2022, approx. X tons of articles of cellulose fibre-cement, not containing asbestos were imported into Kuwait; dropping by -8.4% against 2021 figures. In general, imports saw a slight decline. The pace of growth was the most pronounced in 2016 with an increase of 663% against the previous year. Imports peaked at X tons in 2017; however, from 2018 to 2022, imports remained at a lower figure.

In value terms, imports of articles of cellulose fibre-cement, not containing asbestos dropped to $X in 2022. Overall, imports continue to indicate a slight slump. The most prominent rate of growth was recorded in 2016 with an increase of 520% against the previous year. Imports peaked at $X in 2017; however, from 2018 to 2022, imports failed to regain momentum.

Imports by Country

The United Arab Emirates (X tons), India (X tons) and Portugal (X tons) were the main suppliers of imports of articles of cellulose fibre-cement, not containing asbestos to Kuwait, together accounting for 82% of total imports.

From 2012 to 2022, the biggest increases were recorded for India (with a CAGR of +38.7%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, the largest articles of cellulose fibre-cement, not containing asbestos suppliers to Kuwait were the United Arab Emirates ($X), Portugal ($X) and India ($X), with a combined 61% share of total imports. Egypt, China, Saudi Arabia and Thailand lagged somewhat behind, together comprising a further 19%.

Egypt, with a CAGR of +40.2%, recorded the highest growth rate of the value of imports, among 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 import price for articles of cellulose fibre-cement, not containing asbestos stood at $X per ton in 2022, approximately mirroring the previous year. In general, the import price, however, recorded a relatively flat trend pattern. The pace of growth was the most pronounced in 2014 an increase of 48% against the previous year. The import price peaked at $X per ton in 2020; however, from 2021 to 2022, import prices stood at a somewhat lower figure.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Saudi Arabia ($X per ton), while the price for India ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Portugal (+24.3%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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