Kuwait: Market for Bedding and Furnishing Articles (Quilts, Eiderdowns, Cushions, Pouffes And Pillows) 2022

Market Size for Bedding and Furnishing Articles (Quilts, Eiderdowns, Cushions, Pouffes And Pillows) in Kuwait

In 2021, the Kuwaiti bedding and furnishing article market increased by 63% to $X for the first time since 2018, thus ending a two-year declining trend. Overall, the total consumption indicated strong growth from 2012 to 2021: its value increased at an average annual rate of +5.8% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. As a result, consumption attained the peak level and is likely to continue growth in the immediate term.

Exports of Bedding and Furnishing Articles (Quilts, Eiderdowns, Cushions, Pouffes And Pillows)

Exports from Kuwait

After two years of growth, shipments abroad of bedding and furnishing articles (quilts, eiderdowns, cushions, pouffes and pillows) decreased by -81.4% to X tons in 2021. In general, exports recorded a sharp contraction. The growth pace was the most rapid in 2020 with an increase of 64%. Over the period under review, the exports hit record highs at X tons in 2014; however, from 2015 to 2021, the exports remained at a lower figure.

In value terms, bedding and furnishing article exports shrank notably to $X in 2021. Over the period under review, exports saw a precipitous decline. The most prominent rate of growth was recorded in 2020 with an increase of 104%. The exports peaked at $X in 2012; however, from 2013 to 2021, the exports stood at a somewhat lower figure.

Exports by Country

Benin (X tons) was the main destination for bedding and furnishing article exports from Kuwait, accounting for a 47% share of total exports. Moreover, bedding and furnishing article exports to Benin exceeded the volume sent to the second major destination, Saudi Arabia (X tons), threefold. Oman (X tons) ranked third in terms of total exports with a 12% share.

From 2012 to 2021, the average annual rate of growth in terms of volume to Benin stood at +48.8%. Exports to the other major destinations recorded the following average annual rates of exports growth: Saudi Arabia (-41.2% per year) and Oman (-10.8% per year).

In value terms, the largest markets for bedding and furnishing article exported from Kuwait were Oman ($X), the United Arab Emirates ($X) and Saudi Arabia ($X), with a combined 57% share of total exports. Benin, Australia, Jordan, Bahrain and Ethiopia lagged somewhat behind, together comprising a further 32%.

Among the main countries of destination, Benin, with a CAGR of +60.3%, saw the highest rates of growth with regard to the value of exports, over the period under review, while shipments for the other leaders experienced mixed trend patterns.

Export Prices by Country

In 2021, the average bedding and furnishing article export price amounted to $X per ton, with a decrease of -16.7% against the previous year. Overall, the export price saw a deep downturn. The most prominent rate of growth was recorded in 2020 an increase of 24% against the previous year. The export price peaked at $X per ton in 2012; however, from 2013 to 2021, the export prices remained at a lower figure.

There were significant differences in the average prices for the major overseas markets. In 2021, the country with the highest price was Jordan ($X per ton), while the average price for exports to Benin ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was recorded for supplies to Oman (+9.4%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Bedding and Furnishing Articles (Quilts, Eiderdowns, Cushions, Pouffes And Pillows)

Imports into Kuwait

In 2021, overseas purchases of bedding and furnishing articles (quilts, eiderdowns, cushions, pouffes and pillows) were finally on the rise to reach X tons after two years of decline. Overall, total imports indicated a prominent increase from 2012 to 2021: its volume increased at an average annual rate of +5.5% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. As a result, imports reached the peak and are likely to continue growth in the immediate term.

In value terms, bedding and furnishing article imports soared to $X in 2021. The total import value increased at an average annual rate of +4.0% from 2012 to 2021; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. As a result, imports reached the peak and are likely to continue growth in the immediate term.

Imports by Country

China (X tons), the United Arab Emirates (X tons) and India (X tons) were the main suppliers of bedding and furnishing article imports to Kuwait, with a combined 86% share of total imports. These countries were followed by Turkey, Pakistan, Bulgaria and Saudi Arabia, which together accounted for a further 7.8%.

From 2012 to 2021, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by Turkey (with a CAGR of +26.3%), while imports for the other leaders experienced more modest paces of growth.

In value terms, the largest bedding and furnishing article suppliers to Kuwait were China ($X), the United Arab Emirates ($X) and India ($X), together comprising 79% of total imports. These countries were followed by Turkey, Pakistan, Bulgaria and Saudi Arabia, which together accounted for a further 8.8%.

In terms of the main suppliers, Turkey, with a CAGR of +18.0%, recorded the highest rates of growth with regard to the value of imports, over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

In 2021, the average bedding and furnishing article import price amounted to $X per ton, shrinking by -6.3% against the previous year. In general, the import price showed a slight shrinkage. The growth pace was the most rapid in 2019 an increase of 17%. The import price peaked at $X per ton in 2012; however, from 2013 to 2021, import prices remained at a lower figure.

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

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Pakistan (+6.6%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform