Kuwait: Ceramic Household Article Market 2024

Ceramic Household Article Market Size in Kuwait

The Kuwaiti ceramic household article market surged to $X in 2021, increasing by 44% 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). Over the period under review, consumption showed a resilient expansion. As a result, consumption reached the peak level and is likely to continue growth in the immediate term.

Ceramic Household Article Exports

Exports from Kuwait

After two years of decline, shipments abroad of ceramic household articles and toilet articles increased by 23% to X tons in 2021. Overall, exports posted a slight increase. The pace of growth appeared the most rapid in 2017 when exports increased by 166%. Over the period under review, the exports hit record highs at X tons in 2018; however, from 2019 to 2021, the exports remained at a lower figure.

In value terms, ceramic household article exports skyrocketed to $X in 2021. Over the period under review, exports saw measured growth. The growth pace was the most rapid in 2018 with an increase of 147%. Over the period under review, the exports hit record highs at $X in 2019; however, from 2020 to 2021, the exports stood at a somewhat lower figure.

Exports by Country

Iran (X tons), the United Arab Emirates (X tons) and Saudi Arabia (X tons) were the main destinations of ceramic household article exports from Kuwait, with a combined 63% share of total exports. These countries were followed by India, Pakistan, Jordan, Qatar, Iraq, the Philippines, Lebanon and Oman, which together accounted for a further 26%.

From 2012 to 2021, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by Pakistan (with a CAGR of +46.5%), while the other leaders experienced more modest paces of growth.

In value terms, the United Arab Emirates ($X), Iran ($X) and Saudi Arabia ($X) were the largest markets for ceramic household article exported from Kuwait worldwide, with a combined 73% share of total exports. India, Pakistan, Qatar, Iraq, the Philippines, Jordan, Lebanon and Oman lagged somewhat behind, together comprising a further 19%.

Among the main countries of destination, Pakistan, with a CAGR of +66.6%, saw the highest rates of growth with regard to 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

The average ceramic household article export price stood at $X per ton in 2021, surging by 35% against the previous year. In general, export price indicated a perceptible increase from 2012 to 2021: its price increased at an average annual rate of +2.8% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, ceramic household article export price increased by +59.6% against 2017 indices. The growth pace was the most rapid in 2015 an increase of 38% against the previous year. Over the period under review, the average export prices attained the peak figure in 2021 and is likely to see steady growth in the near future.

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

From 2012 to 2021, the most notable rate of growth in terms of prices was recorded for supplies to India (+15.1%), while the prices for the other major destinations experienced more modest paces of growth.

Ceramic Household Article Imports

Imports into Kuwait

In 2021, the amount of ceramic household articles and toilet articles imported into Kuwait surged to X tons, growing by 31% compared with 2020. Overall, imports saw buoyant growth. As a result, imports attained the peak and are likely to continue growth in the immediate term.

In value terms, ceramic household article imports soared to $X in 2021. Over the period under review, imports enjoyed a strong expansion. As a result, imports attained the peak and are likely to continue growth in the immediate term.

Imports by Country

In 2021, China (X tons) constituted the largest ceramic household article supplier to Kuwait, accounting for a 78% share of total imports. Moreover, ceramic household article imports from China exceeded the figures recorded by the second-largest supplier, the United Arab Emirates (X tons), more than tenfold. The third position in this ranking was taken by Turkey (X tons), with a 4% share.

From 2012 to 2021, the average annual growth rate of volume from China stood at +12.4%. The remaining supplying countries recorded the following average annual rates of imports growth: the United Arab Emirates (+4.1% per year) and Turkey (+19.6% per year).

In value terms, China ($X) constituted the largest supplier of ceramic household articles and toilet articles to Kuwait, comprising 55% of total imports. The second position in the ranking was held by the United Arab Emirates ($X), with a 9.1% share of total imports. It was followed by the United States, with a 4.9% share.

From 2012 to 2021, the average annual rate of growth in terms of value from China amounted to +19.1%. The remaining supplying countries recorded the following average annual rates of imports growth: the United Arab Emirates (+13.5% per year) and the United States (+29.1% per year).

Import Prices by Country

In 2021, the average ceramic household article import price amounted to $X per ton, rising by 12% against the previous year. Over the period from 2012 to 2021, it increased at an average annual rate of +4.2%. The growth pace was the most rapid in 2016 when the average import price increased by 35% against the previous year. Over the period under review, average import prices attained the maximum in 2021 and is expected to retain growth in years to come.

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 the United States ($X per ton), while the price for China ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by the United Arab Emirates (+9.0%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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