Kuwait: Market for Wood Boxes, Crates and Cable Drums 2025

Market Size for Wood Boxes, Crates and Cable Drums in Kuwait

In 2022, the Kuwaiti market for wood boxes, crates and cable drums was finally on the rise to reach $X for the first time since 2019, thus ending a two-year declining trend. Overall, the total consumption indicated a modest expansion from 2012 to 2022: its value increased at an average annual rate of +1.8% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, consumption decreased by -14.7% against 2019 indices. Wood box and cable drum consumption peaked at $X in 2015; however, from 2016 to 2022, consumption remained at a lower figure.

Exports of Wood Boxes, Crates and Cable Drums

Exports from Kuwait

In 2022, exports of wood boxes, crates and cable drums from Kuwait soared to X units, picking up by 135% against the year before. Over the period under review, exports enjoyed a significant increase. The most prominent rate of growth was recorded in 2013 when exports increased by 1,490%. As a result, the exports reached the peak of X units. From 2014 to 2022, the growth of the exports failed to regain momentum.

In value terms, wood box and cable drum exports skyrocketed to $X in 2022. In general, exports continue to indicate a significant increase. The most prominent rate of growth was recorded in 2013 when exports increased by 1,165% against the previous year. As a result, the exports attained the peak of $X. From 2014 to 2022, the growth of the exports failed to regain momentum.

Exports by Country

Saudi Arabia (X units), the United States (X units) and Switzerland (X units) were the main destinations of wood box and cable drum exports from Kuwait, together accounting for 89% of total exports.

From 2012 to 2022, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by the United States (with a CAGR of +36.7%), while the other leaders experienced more modest paces of growth.

In value terms, Saudi Arabia ($X) remains the key foreign market for wood boxes, crates and cable drums exports from Kuwait, comprising 44% of total exports. The second position in the ranking was held by Switzerland ($X), with a 7.8% share of total exports. It was followed by Qatar, with a 6.1% share.

From 2012 to 2022, the average annual rate of growth in terms of value to Saudi Arabia stood at +23.9%. Exports to the other major destinations recorded the following average annual rates of exports growth: Switzerland (+40.9% per year) and Qatar (+20.5% per year).

Export Prices by Country

The average export price for wood boxes, crates and cable drums stood at $X per unit in 2022, which is down by -27.8% against the previous year. In general, the export price saw a slight reduction. The most prominent rate of growth was recorded in 2021 an increase of 56%. As a result, the export price attained the peak level of $X per unit, and then plummeted in the following year.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Iraq ($X per unit), while the average price for exports to the United States ($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 Iraq (+22.7%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Wood Boxes, Crates and Cable Drums

Imports into Kuwait

In 2022, approx. X units of wood boxes, crates and cable drums were imported into Kuwait; growing by 32% compared with the previous year. Overall, imports, however, recorded a relatively flat trend pattern. The most prominent rate of growth was recorded in 2015 when imports increased by 40%. As a result, imports reached the peak of X units. From 2016 to 2022, the growth of imports remained at a lower figure.

In value terms, wood box and cable drum imports surged to $X in 2022. In general, total imports indicated prominent growth from 2012 to 2022: its value increased at an average annual rate of +5.0% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports decreased by -21.1% against 2019 indices. The pace of growth appeared the most rapid in 2013 when imports increased by 110% against the previous year. As a result, imports attained the peak of $X. From 2014 to 2022, the growth of imports remained at a somewhat lower figure.

Imports by Country

In 2022, Bahrain (X units) constituted the largest supplier of wood box and cable drum to Kuwait, accounting for a 64% share of total imports. Moreover, wood box and cable drum imports from Bahrain exceeded the figures recorded by the second-largest supplier, the United Arab Emirates (X units), fivefold. The third position in this ranking was taken by China (X units), with a 10% share.

From 2012 to 2022, the average annual rate of growth in terms of volume from Bahrain totaled +12.3%. The remaining supplying countries recorded the following average annual rates of imports growth: the United Arab Emirates (+24.1% per year) and China (-11.5% per year).

In value terms, Bahrain ($X) constituted the largest supplier of wood boxes, crates and cable drums to Kuwait, comprising 70% of total imports. The second position in the ranking was taken by the United Arab Emirates ($X), with a 10% share of total imports. It was followed by China, with a 1.7% share.

From 2012 to 2022, the average annual rate of growth in terms of value from Bahrain stood at +10.1%. The remaining supplying countries recorded the following average annual rates of imports growth: the United Arab Emirates (+29.0% per year) and China (-12.0% per year).

Import Prices by Country

The average import price for wood boxes, crates and cable drums stood at $X per unit in 2022, waning by -5.4% against the previous year. In general, import price indicated a prominent expansion from 2012 to 2022: its price increased at an average annual rate of +5.9% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, wood box and cable drum import price decreased by -25.3% against 2019 indices. The pace of growth appeared the most rapid in 2013 an increase of 90% against the previous year. The import price peaked at $X per unit in 2019; however, from 2020 to 2022, import prices failed to regain momentum.

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

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Russia (+18.0%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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