Kuwait: Ceramic Statuette Market 2024

Ceramic Statuette Market Size in Kuwait

The Kuwaiti ceramic statuette market contracted dramatically to $X in 2022, with a decrease of -26.4% 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). In general, consumption, however, showed a notable expansion. As a result, consumption attained the peak level of $X, and then declined sharply in the following year.

Ceramic Statuette Exports

Exports from Kuwait

In 2022, overseas shipments of ceramic statuettes and other ornamental articles were finally on the rise to reach X tons for the first time since 2019, thus ending a two-year declining trend. Over the period under review, exports showed a relatively flat trend pattern. The most prominent rate of growth was recorded in 2018 with an increase of 472% against the previous year. Over the period under review, the exports hit record highs at X tons in 2019; however, from 2020 to 2022, the exports stood at a somewhat lower figure.

In value terms, ceramic statuette exports reached $X in 2022. Overall, exports, however, continue to indicate a abrupt descent. The most prominent rate of growth was recorded in 2018 when exports increased by 291% against the previous year. Over the period under review, the exports attained the peak figure at $X in 2019; however, from 2020 to 2022, the exports failed to regain momentum.

Exports by Country

Lebanon (X tons), Qatar (X kg) and Spain (X kg) were the main destinations of ceramic statuette exports from Kuwait, together accounting for 87% of total exports.

From 2012 to 2022, the biggest increases were recorded for Spain (with a CAGR of +32.0%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, Spain ($X), Lebanon ($X) and Qatar ($X) appeared to be the largest markets for ceramic statuette exported from Kuwait worldwide, together comprising 68% of total exports.

Spain, with a CAGR of +20.1%, recorded the highest rates of growth with regard to the value of exports, among the main countries of destination over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

The average ceramic statuette export price stood at $X per ton in 2022, declining by -8.7% against the previous year. Overall, the export price recorded a abrupt decline. The pace of growth appeared the most rapid in 2014 an increase of 53%. Over the period under review, the average export prices attained the peak figure at $X per ton in 2015; however, from 2016 to 2022, the export prices remained at a lower figure.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was the United Arab Emirates ($X per ton), while the average price for exports to Qatar ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Bahrain (+15.6%), while the prices for the other major destinations experienced mixed trend patterns.

Ceramic Statuette Imports

Imports into Kuwait

In 2022, approx. X tons of ceramic statuettes and other ornamental articles were imported into Kuwait; waning by -30.1% on the previous year's figure. Overall, imports, however, posted a tangible expansion. The most prominent rate of growth was recorded in 2021 when imports increased by 138%. As a result, imports reached the peak of X tons, and then reduced rapidly in the following year.

In value terms, ceramic statuette imports shrank markedly to $X in 2022. Over the period under review, imports, however, enjoyed a perceptible expansion. The most prominent rate of growth was recorded in 2021 with an increase of 101%. As a result, imports reached the peak of $X, and then contracted notably in the following year.

Imports by Country

In 2022, the United Arab Emirates (X tons) constituted the largest ceramic statuette supplier to Kuwait, with a 48% share of total imports. Moreover, ceramic statuette imports from the United Arab Emirates exceeded the figures recorded by the second-largest supplier, China (X tons), threefold. Vietnam (X tons) ranked third in terms of total imports with a 5.3% share.

From 2012 to 2022, the average annual growth rate of volume from the United Arab Emirates was relatively modest. The remaining supplying countries recorded the following average annual rates of imports growth: China (-6.3% per year) and Vietnam (+20.3% per year).

In value terms, the United Arab Emirates ($X), China ($X) and Vietnam ($X) appeared to be the largest ceramic statuette suppliers to Kuwait, together accounting for 61% of total imports. India, Turkey, Iran, Thailand, Sri Lanka, Portugal, Germany and Saudi Arabia lagged somewhat behind, together comprising a further 23%.

Sri Lanka, with a CAGR of +36.7%, recorded the highest growth rate of the value of imports, in terms of the main suppliers over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

The average ceramic statuette import price stood at $X per ton in 2022, with an increase of 7% against the previous year. In general, import price indicated perceptible growth from 2012 to 2022: its price increased at an average annual rate of +2.5% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, ceramic statuette import price decreased by -9.4% against 2020 indices. The most prominent rate of growth was recorded in 2019 when the average import price increased by 41% against the previous year. Over the period under review, average import prices hit record highs at $X per ton in 2020; however, from 2021 to 2022, import prices stood at a somewhat lower figure.

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 India ($X per ton), while the price for Germany ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Saudi Arabia (+19.2%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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