Kuwait: Ball Market 2024

Ball Market Size in Kuwait

The Kuwaiti ball market reduced to $X in 2022, falling by -7.6% against the previous year. This figure reflects the total revenues of producers and importers (excluding logistics costs, retail marketing costs, and retailers' margins, which will be included in the final consumer price). In general, the total consumption indicated a modest expansion from 2012 to 2022: its value increased at an average annual rate of +1.9% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, consumption increased by +54.0% against 2020 indices. Ball consumption peaked at $X in 2014; however, from 2015 to 2022, consumption remained at a lower figure.

Ball Exports

Exports from Kuwait

In 2022, overseas shipments of balls decreased by -11.8% to X units, falling for the second consecutive year after three years of growth. Overall, exports, however, posted buoyant growth. The most prominent rate of growth was recorded in 2013 with an increase of 730% against the previous year. The exports peaked at X units in 2015; however, from 2016 to 2022, the exports failed to regain momentum.

In value terms, ball exports soared to $X in 2022. In general, exports, however, continue to indicate significant growth. The pace of growth was the most pronounced in 2013 with an increase of 811%. Over the period under review, the exports attained the maximum in 2022 and are expected to retain growth in years to come.

Exports by Country

Bahrain (X units), Saudi Arabia (X units) and the United Arab Emirates (X units) were the main destinations of ball exports from Kuwait, with a combined 97% share of total exports.

From 2012 to 2022, the biggest increases were recorded for Bahrain (with a CAGR of +41.4%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, Bahrain ($X), the United Arab Emirates ($X) and Saudi Arabia ($X) were the largest markets for ball exported from Kuwait worldwide, together accounting for 95% of total exports.

Among the main countries of destination, the United Arab Emirates, with a CAGR of +41.5%, saw the highest growth rate of the value of exports, over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

In 2022, the average ball export price amounted to $X per unit, picking up by 31% against the previous year. Over the period under review, the export price showed a prominent increase. The most prominent rate of growth was recorded in 2017 an increase of 91% against the previous year. The export price peaked in 2022 and is expected to retain growth in the immediate term.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Jordan ($X per unit), while the average price for exports to Saudi Arabia ($X per unit) 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 (+15.9%), while the prices for the other major destinations experienced more modest paces of growth.

Ball Imports

Imports into Kuwait

Ball imports into Kuwait reduced to X units in 2022, shrinking by -5% on 2021. Over the period under review, imports showed a relatively flat trend pattern. The growth pace was the most rapid in 2021 when imports increased by 75% against the previous year. Imports peaked at X units in 2014; however, from 2015 to 2022, imports remained at a lower figure.

In value terms, ball imports contracted to $X in 2022. In general, total imports indicated a tangible increase from 2012 to 2022: its value increased at an average annual rate of +2.9% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +49.2% against 2020 indices. The pace of growth appeared the most rapid in 2021 with an increase of 63%. Over the period under review, imports reached the peak figure at $X in 2014; however, from 2015 to 2022, imports failed to regain momentum.

Imports by Country

China (X units), the United Arab Emirates (X units) and Pakistan (X units) were the main suppliers of ball imports to Kuwait, together comprising 90% of total imports.

From 2012 to 2022, the biggest increases were recorded for the United Arab Emirates (with a CAGR of +7.5%), while purchases for the other leaders experienced a decline.

In value terms, the largest ball suppliers to Kuwait were China ($X), the United Arab Emirates ($X) and Pakistan ($X), together comprising 76% of total imports. Mauritius, the Philippines and Spain lagged somewhat behind, together comprising a further 8.5%.

The Philippines, with a CAGR of +8.5%, 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 ball import price stood at $X per unit in 2022, declining by -3.8% against the previous year. Over the period under review, import price indicated a perceptible increase from 2012 to 2022: its price increased at an average annual rate of +3.2% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, ball import price decreased by -38.4% against 2016 indices. The pace of growth was the most pronounced in 2015 an increase of 44% against the previous year. Over the period under review, average import prices reached the peak figure at $X per unit 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 Spain ($X per unit), while the price for the United Arab Emirates ($X per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Mauritius (+65.8%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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