Kuwait: Market for Bottles, Jars And Other Containers Of Glass 2024

Market Size for Bottles, Jars And Other Containers Of Glass in Kuwait

In 2021, after three years of growth, there was significant decline in the Kuwaiti market for bottles, jars and other containers of glass, when its value decreased by -29.1% to $X. In general, consumption, however, posted a buoyant increase. As a result, consumption attained the peak level of $X, and then reduced markedly in the following year.

Production of Bottles, Jars And Other Containers Of Glass in Kuwait

In value terms, glass bottle, jar and container production contracted sharply to $X in 2021 estimated in export price. Over the period under review, production, however, saw a prominent increase. The growth pace was the most rapid in 2020 when the production volume increased by 71% against the previous year. As a result, production reached the peak level of $X, and then fell rapidly in the following year.

Exports of Bottles, Jars And Other Containers Of Glass

Exports from Kuwait

In 2021, glass bottle, jar and container exports from Kuwait surged to X units, growing by 16% compared with the year before. Overall, exports continue to indicate a resilient expansion. The pace of growth appeared the most rapid in 2013 when exports increased by 183% against the previous year. The exports peaked in 2021 and are expected to retain growth in the near future.

In value terms, glass bottle, jar and container exports soared to $X in 2021. Over the period under review, exports continue to indicate a prominent expansion. The growth pace was the most rapid in 2013 when exports increased by 161% against the previous year. Over the period under review, the exports hit record highs in 2021 and are likely to see gradual growth in the near future.

Exports by Country

Saudi Arabia (X units), Jordan (X units) and Iraq (X units) were the main destinations of glass bottle, jar and container exports from Kuwait, with a combined 90% share of total exports.

From 2012 to 2021, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by Jordan (with a CAGR of +39.5%), while the other leaders experienced more modest paces of growth.

In value terms, Iraq ($X), Saudi Arabia ($X) and Jordan ($X) constituted the largest markets for glass bottle, jar and container exported from Kuwait worldwide, together accounting for 91% of total exports.

Among the main countries of destination, Saudi Arabia, with a CAGR of +38.2%, recorded 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 2021, the average export price for bottles, jars and other containers of glass amounted to $X per unit, with an increase of 14% against the previous year. In general, the export price recorded a relatively flat trend pattern. The most prominent rate of growth was recorded in 2014 when the average export price increased by 19%. As a result, the export price attained the peak level of $X per unit. From 2015 to 2021, the average export prices remained at a somewhat lower figure.

Average prices varied somewhat for the major overseas markets. In 2021, amid the top suppliers, the countries with the highest prices were Iraq ($X per unit) and Bahrain ($X per unit), while the average price for exports to Saudi Arabia ($X per unit) and Lebanon ($X per unit) were amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was recorded for supplies to Iraq (+3.6%), while the prices for the other major destinations experienced a decline.

Imports of Bottles, Jars And Other Containers Of Glass

Imports into Kuwait

In 2021, approx. X units of bottles, jars and other containers of glass were imported into Kuwait; shrinking by -3.2% compared with the previous year. In general, imports, however, enjoyed a resilient increase. The pace of growth was the most pronounced in 2013 when imports increased by 168% against the previous year. Imports peaked at X units in 2020, and then contracted modestly in the following year.

In value terms, glass bottle, jar and container imports contracted to $X in 2021. Over the period under review, imports, however, saw a resilient increase. The most prominent rate of growth was recorded in 2013 when imports increased by 67%. Over the period under review, imports attained the maximum at $X in 2020, and then dropped in the following year.

Imports by Country

Saudi Arabia (X units), China (X units) and the United Arab Emirates (X units) were the main suppliers of glass bottle, jar and container imports to Kuwait, together comprising 93% of total imports.

From 2012 to 2021, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by Saudi Arabia (with a CAGR of +64.0%), while imports for the other leaders experienced more modest paces of growth.

In value terms, China ($X) constituted the largest supplier of bottles, jars and other containers of glass to Kuwait, comprising 61% of total imports. The second position in the ranking was taken by Saudi Arabia ($X), with a 21% share of total imports. It was followed by the United Arab Emirates, with a 6.7% share.

From 2012 to 2021, the average annual rate of growth in terms of value from China amounted to +14.7%. The remaining supplying countries recorded the following average annual rates of imports growth: Saudi Arabia (+53.7% per year) and the United Arab Emirates (-1.2% per year).

Import Prices by Country

The average import price for bottles, jars and other containers of glass stood at $X per unit in 2021, reducing by -3.7% against the previous year. Over the period under review, the import price showed a slight descent. The most prominent rate of growth was recorded in 2015 an increase of 37%. The import price peaked at $X per unit in 2012; however, from 2013 to 2021, import prices remained at a lower figure.

There were significant differences in the average prices amongst the major supplying countries. In 2021, amid the top importers, the country with the highest price was Italy ($X per unit), while the price for Saudi Arabia ($X per unit) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by China (+2.6%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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