Kuwait: Market for Building Blocks And Bricks Of Cement, Concrete Or Artificial Stone 2025

Market Size for Building Blocks And Bricks Of Cement, Concrete Or Artificial Stone in Kuwait

In 2021, the Kuwaiti market for building blocks and bricks of cement, concrete or artificial stone increased by 0.2% to $X, rising for the sixth consecutive year after two years of decline. The market value increased at an average annual rate of +2.3% over the period from 2012 to 2021; however, the trend pattern remained relatively stable, with only minor fluctuations throughout the analyzed period. The most prominent rate of growth was recorded in 2016 with an increase of 6.9%. Consumption of peaked in 2021 and is expected to retain growth in the near future.

Production of Building Blocks And Bricks Of Cement, Concrete Or Artificial Stone in Kuwait

In value terms, production of building blocks and bricks of cement, concrete or artificial stone reduced to $X in 2021 estimated in export price. Overall, production, however, showed tangible growth. The pace of growth appeared the most rapid in 2014 with an increase of 139% against the previous year. As a result, production reached the peak level of $X. From 2015 to 2021, production of growth remained at a somewhat lower figure.

Exports of Building Blocks And Bricks Of Cement, Concrete Or Artificial Stone

Exports from Kuwait

In 2021, overseas shipments of building blocks and bricks of cement, concrete or artificial stone decreased by -4.6% to X tons, falling for the seventh year in a row after three years of growth. Overall, exports, however, posted strong growth. The most prominent rate of growth was recorded in 2014 when exports increased by 1,253%. As a result, the exports attained the peak of X tons. From 2015 to 2021, the growth of the exports of remained at a lower figure.

In value terms, exports of building blocks and bricks of cement, concrete or artificial stone dropped slightly to $X in 2021. Over the period under review, exports, however, continue to indicate a notable expansion. The most prominent rate of growth was recorded in 2014 when exports increased by 1,185%. As a result, the exports reached the peak of $X. From 2015 to 2021, the growth of the exports of failed to regain momentum.

Exports by Country

Iraq (X tons) was the main destination for exports of building blocks and bricks of cement, concrete or artificial stone from Kuwait, with a 96% share of total exports. It was followed by the United Arab Emirates (X tons), with a 2% share of total exports.

From 2012 to 2021, the average annual rate of growth in terms of volume to Iraq totaled +8.0%.

In value terms, Iraq ($X) remains the key foreign market for building blocks and bricks of cement, concrete or artificial stone exports from Kuwait, comprising 92% of total exports. The second position in the ranking was held by the United Arab Emirates ($X), with a 3.2% share of total exports.

From 2012 to 2021, the average annual growth rate of value to Iraq amounted to +4.6%.

Export Prices by Country

The average export price for building blocks and bricks of cement, concrete or artificial stone stood at $X per ton in 2021, remaining constant against the previous year. In general, the export price, however, showed a pronounced contraction. Over the period under review, the average export prices attained the peak figure at $X per ton in 2012; however, from 2013 to 2021, the export prices failed to regain momentum.

There were significant differences in the average prices for the major export markets. In 2021, the country with the highest price was the United Arab Emirates ($X per ton), while the average price for exports to Iraq stood at $X per ton.

From 2012 to 2021, the most notable rate of growth in terms of prices was recorded for supplies to the United Arab Emirates (+3.2%).

Imports of Building Blocks And Bricks Of Cement, Concrete Or Artificial Stone

Imports into Kuwait

After two years of decline, overseas purchases of building blocks and bricks of cement, concrete or artificial stone increased by 40% to X tons in 2021. Over the period under review, imports, however, showed a precipitous curtailment. The most prominent rate of growth was recorded in 2015 when imports increased by 100%. As a result, imports attained the peak of X tons. From 2016 to 2021, the growth of imports of remained at a lower figure.

In value terms, imports of building blocks and bricks of cement, concrete or artificial stone surged to $X in 2021. Overall, imports, however, showed a abrupt downturn. Imports peaked at $X in 2015; however, from 2016 to 2021, imports remained at a lower figure.

Imports by Country

Saudi Arabia (X tons), South Korea (X tons) and Turkey (X tons) were the main suppliers of imports of building blocks and bricks of cement, concrete or artificial stone to Kuwait, with a combined 51% share of total imports. These countries were followed by India, China, the United Arab Emirates, the United States, Jordan and the UK, which together accounted for a further 32%.

From 2012 to 2021, the biggest increases were recorded for India (with a CAGR of +9.2%), while purchases for the other leaders experienced mixed trend patterns.

In value terms, the largest building blocks and bricks of cement, concrete or artificial stone suppliers to Kuwait were Turkey ($X), China ($X) and Jordan ($X), together comprising 39% of total imports. These countries were followed by Saudi Arabia, the United States, India, South Korea, the United Arab Emirates and the UK, which together accounted for a further 31%.

Among the main suppliers, India, with a CAGR of +19.8%, saw the highest growth rate of 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 import price for building blocks and bricks of cement, concrete or artificial stone amounted to $X per ton, surging by 73% against the previous year. In general, the import price saw buoyant growth. As a result, import price reached the peak level and is likely to continue growth in the immediate term.

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

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Jordan (+27.5%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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