Kuwait: Market for Blankets And Travelling Rugs Of Synthetic Fibres 2024

Exports of Blankets And Travelling Rugs Of Synthetic Fibres

Exports from Kuwait

In 2022, shipments abroad of blankets and travelling rugs of synthetic fibres increased by 61% to X units for the first time since 2015, thus ending a six-year declining trend. Over the period under review, exports, however, continue to indicate a pronounced decline. The growth pace was the most rapid in 2013 when exports increased by 91%. The exports peaked at X units in 2015; however, from 2016 to 2022, the exports remained at a lower figure.

In value terms, travelling rugs of synthetic fibre exports soared to $X in 2022. In general, exports, however, recorded a noticeable descent. The pace of growth appeared the most rapid in 2013 with an increase of 163%. Over the period under review, the exports attained the peak figure at $X in 2015; however, from 2016 to 2022, the exports failed to regain momentum.

Exports by Country

Pakistan (X units), Iraq (X units) and China (X units) were the main destinations of travelling rugs of synthetic fibre exports from Kuwait, together comprising 73% of total exports. These countries were followed by Iran, Egypt, Saudi Arabia, Oman and the United Arab Emirates, which together accounted for a further 25%.

From 2012 to 2022, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by Egypt (with a CAGR of +41.8%), while the other leaders experienced more modest paces of growth.

In value terms, Pakistan ($X) remains the key foreign market for blankets and travelling rugs of synthetic fibres exports from Kuwait, comprising 74% of total exports. The second position in the ranking was taken by Iraq ($X), with a 12% share of total exports. It was followed by Saudi Arabia, with a 4.1% share.

From 2012 to 2022, the average annual rate of growth in terms of value to Pakistan totaled +21.5%. Exports to the other major destinations recorded the following average annual rates of exports growth: Iraq (+6.0% per year) and Saudi Arabia (-17.9% per year).

Export Prices by Country

The average export price for blankets and travelling rugs of synthetic fibres stood at $X per unit in 2022, with a decrease of -14.8% against the previous year. In general, the export price showed a slight downturn. The most prominent rate of growth was recorded in 2013 when the average export price increased by 37% against the previous year. As a result, the export price attained the peak level of $X per unit. From 2014 to 2022, the average export prices remained at a lower figure.

There were significant differences in the average prices for the major overseas markets. In 2022, amid the top suppliers, the country with the highest price was Turkey ($X per unit), while the average price for exports to China ($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 Turkey (+33.8%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Blankets And Travelling Rugs Of Synthetic Fibres

Imports into Kuwait

In 2022, approx. X units of blankets and travelling rugs of synthetic fibres were imported into Kuwait; waning by -16.4% compared with the previous year's figure. Overall, imports saw a abrupt descent. The pace of growth was the most pronounced in 2021 with an increase of 49% against the previous year. Imports peaked at X units in 2014; however, from 2015 to 2022, imports stood at a somewhat lower figure.

In value terms, travelling rugs of synthetic fibre imports declined dramatically to $X in 2022. In general, imports showed a abrupt decline. The pace of growth appeared the most rapid in 2021 with an increase of 65%. Over the period under review, imports hit record highs at $X in 2012; however, from 2013 to 2022, imports failed to regain momentum.

Imports by Country

In 2022, China (X units) was the main supplier of travelling rugs of synthetic fibre to Kuwait, accounting for a 94% share of total imports. It was followed by Spain (X units), with a 1.1% share of total imports. The third position in this ranking was held by Vietnam (X units), with a 1.1% share.

From 2012 to 2022, the average annual growth rate of volume from China amounted to -4.9%. The remaining supplying countries recorded the following average annual rates of imports growth: Spain (-16.9% per year) and Vietnam (-9.9% per year).

In value terms, China ($X) constituted the largest supplier of blankets and travelling rugs of synthetic fibres to Kuwait, comprising 88% of total imports. The second position in the ranking was held by Spain ($X), with a 3.5% share of total imports. It was followed by Vietnam, with a 1.1% share.

From 2012 to 2022, the average annual growth rate of value from China totaled -4.3%. The remaining supplying countries recorded the following average annual rates of imports growth: Spain (-15.1% per year) and Vietnam (-3.7% per year).

Import Prices by Country

In 2022, the average import price for blankets and travelling rugs of synthetic fibres amounted to $X per unit, which is down by -3.9% against the previous year. Overall, the import price, however, saw a relatively flat trend pattern. The pace of growth was the most pronounced in 2018 an increase of 13% against the previous year. The import price peaked at $X per unit in 2021, and then fell modestly in the following year.

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 ($X per unit), while the price for China ($X per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Vietnam (+6.9%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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