Kuwait: Market for Boards, Sheets, Panels, Tiles And Similar Articles Of Plaster Faced With Paper 2024

Market Size for Boards, Sheets, Panels, Tiles And Similar Articles Of Plaster Faced With Paper in Kuwait

The Kuwaiti market for boards, sheets, panels, tiles and similar articles of plaster faced with paper contracted rapidly to $X in 2021, dropping by -38.2% 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). Overall, consumption, however, posted a prominent expansion. As a result, consumption reached the peak level of $X. From 2017 to 2021, the growth of the market remained at a somewhat lower figure.

Exports of Boards, Sheets, Panels, Tiles And Similar Articles Of Plaster Faced With Paper

Exports by Country

Jordan (X square meters) was the main destination for exports of boards, sheets, panels, tiles and similar articles of plaster faced with paper from Kuwait, with a 92% share of total exports. Moreover, exports of boards, sheets, panels, tiles and similar articles of plaster faced with paper to Jordan exceeded the volume sent to the second major destination, the United Arab Emirates (X square meters), more than tenfold. The third position in this ranking was taken by Lebanon (X square meters), with a 2% share.

From 2012 to 2021, the average annual rate of growth in terms of volume to Jordan stood at +11.7%. Exports to the other major destinations recorded the following average annual rates of exports growth: the United Arab Emirates (+13.5% per year) and Lebanon (+22.8% per year).

In value terms, Jordan ($X) emerged as the key foreign market for boards, sheets, panels, tiles and similar articles of plaster faced with paper exports from Kuwait, comprising 58% of total exports. The second position in the ranking was held by Lebanon ($X), with a 19% share of total exports. It was followed by the United Arab Emirates, with a 17% share.

From 2012 to 2021, the average annual growth rate of value to Jordan amounted to +17.0%. Exports to the other major destinations recorded the following average annual rates of exports growth: Lebanon (+49.7% per year) and the United Arab Emirates (+18.5% per year).

Export Prices by Country

In 2021, the average export price for boards, sheets, panels, tiles and similar articles of plaster faced with paper amounted to $X per square meter, waning by -49.3% against the previous year. In general, the export price, however, saw a moderate increase. The pace of growth was the most pronounced in 2020 an increase of 181% against the previous year. As a result, the export price reached the peak level of $X per square meter, and then contracted remarkably in the following year.

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

From 2012 to 2021, the most notable rate of growth in terms of prices was recorded for supplies to Lebanon (+22.0%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Boards, Sheets, Panels, Tiles And Similar Articles Of Plaster Faced With Paper

Imports into Kuwait

In 2021, approx. X square meters of boards, sheets, panels, tiles and similar articles of plaster faced with paper were imported into Kuwait; which is down by -37.1% compared with the previous year's figure. Overall, imports, however, posted a strong expansion. The most prominent rate of growth was recorded in 2016 with an increase of 1,353%. As a result, imports attained the peak of X square meters. From 2017 to 2021, the growth of imports of remained at a somewhat lower figure.

In value terms, imports of boards, sheets, panels, tiles and similar articles of plaster faced with paper contracted notably to $X in 2021. Over the period under review, imports, however, enjoyed buoyant growth. The pace of growth was the most pronounced in 2016 when imports increased by 749%. As a result, imports reached the peak of $X. From 2017 to 2021, the growth of imports of remained at a somewhat lower figure.

Imports by Country

In 2021, Bulgaria (X square meters) constituted the largest supplier of board, sheet, panel and tile faced with paper to Kuwait, accounting for a 44% share of total imports. Moreover, imports of boards, sheets, panels, tiles and similar articles of plaster faced with paper from Bulgaria exceeded the figures recorded by the second-largest supplier, Oman (X square meters), threefold. Saudi Arabia (X square meters) ranked third in terms of total imports with a 12% share.

From 2012 to 2021, the average annual growth rate of volume from Bulgaria totaled +8.1%. The remaining supplying countries recorded the following average annual rates of imports growth: Oman (+17.1% per year) and Saudi Arabia (+19.2% per year).

In value terms, Bulgaria ($X) constituted the largest supplier of boards, sheets, panels, tiles and similar articles of plaster faced with paper to Kuwait, comprising 48% of total imports. The second position in the ranking was held by Oman ($X), with a 13% share of total imports. It was followed by Saudi Arabia, with a 10% share.

From 2012 to 2021, the average annual growth rate of value from Bulgaria amounted to +20.0%. The remaining supplying countries recorded the following average annual rates of imports growth: Oman (+22.8% per year) and Saudi Arabia (+22.3% per year).

Import Prices by Country

In 2021, the average import price for boards, sheets, panels, tiles and similar articles of plaster faced with paper amounted to $X per square meter, with a decrease of -2.4% against the previous year. Over the period under review, the import price, however, showed a relatively flat trend pattern. The most prominent rate of growth was recorded in 2014 when the average import price increased by 24% against the previous year. As a result, import price attained the peak level of $X per square meter. From 2015 to 2021, the average import prices failed to regain momentum.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Italy ($X per square meter), while the price for France ($X per square meter) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Bulgaria (+11.1%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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