Kuwait: Clasp Knife Market 2025

Clasp Knife Exports

Exports from Kuwait

In 2022, the amount of clasp knives exported from Kuwait declined slightly to X units, which is down by -2.6% against 2021. In general, exports recorded a relatively flat trend pattern. The growth pace was the most rapid in 2017 with an increase of 372% against the previous year. The exports peaked at X units in 2020; however, from 2021 to 2022, the exports stood at a somewhat lower figure.

In value terms, clasp knife exports shrank slightly to $X in 2022. Overall, exports, however, showed a resilient expansion. The pace of growth was the most pronounced in 2017 with an increase of 373%. Over the period under review, the exports reached the maximum at $X in 2021, and then shrank slightly in the following year.

Exports by Country

Qatar (X units) was the main destination for clasp knife exports from Kuwait, accounting for a 92% share of total exports. Moreover, clasp knife exports to Qatar exceeded the volume sent to the second major destination, Saudi Arabia (X units), more than tenfold. The third position in this ranking was taken by India (X units), with a 1.8% share.

From 2012 to 2022, the average annual growth rate of volume to Qatar totaled +55.6%. Exports to the other major destinations recorded the following average annual rates of exports growth: Saudi Arabia (+20.4% per year) and India (-9.7% per year).

In value terms, Qatar ($X) remains the key foreign market for clasp knives exports from Kuwait, comprising 94% of total exports. The second position in the ranking was held by Saudi Arabia ($X), with a 4.8% share of total exports. It was followed by the United Arab Emirates, with a 0.6% share.

From 2012 to 2022, the average annual growth rate of value to Qatar amounted to +30.5%. Exports to the other major destinations recorded the following average annual rates of exports growth: Saudi Arabia (+23.4% per year) and the United Arab Emirates (-15.2% per year).

Export Prices by Country

The average clasp knife export price stood at $X per unit in 2022, flattening at the previous year. Over the period under review, export price indicated a resilient increase from 2012 to 2022: its price increased at an average annual rate of +6.0% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, clasp knife export price increased by +19.7% against 2020 indices. The pace of growth appeared the most rapid in 2014 an increase of 141%. As a result, the export price attained the peak level of $X per unit. From 2015 to 2022, the average export prices remained at a lower figure.

There were significant differences in the average prices for the major foreign markets. In 2022, amid the top suppliers, the country with the highest price was the United Arab Emirates ($X per unit), while the average price for exports to India ($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 the United Arab Emirates (+31.6%), while the prices for the other major destinations experienced mixed trend patterns.

Clasp Knife Imports

Imports into Kuwait

In 2022, after six years of growth, there was significant decline in purchases abroad of clasp knives, when their volume decreased by -48.7% to X units. Over the period under review, imports, however, continue to indicate a strong increase. The most prominent rate of growth was recorded in 2014 with an increase of 160%. Imports peaked at X units in 2021, and then shrank remarkably in the following year.

In value terms, clasp knife imports dropped significantly to $X in 2022. Overall, imports, however, recorded buoyant growth. The most prominent rate of growth was recorded in 2014 when imports increased by 124% against the previous year. Imports peaked at $X in 2021, and then fell markedly in the following year.

Imports by Country

The United States (X units), the United Arab Emirates (X units) and China (X units) were the main suppliers of clasp knife imports to Kuwait, with a combined 68% share of total imports. Japan, Brazil, Taiwan (Chinese), Turkey and Switzerland lagged somewhat behind, together accounting for a further 21%.

From 2012 to 2022, the biggest increases were recorded for Turkey (with a CAGR of +49.3%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, the United States ($X) constituted the largest supplier of clasp knives to Kuwait, comprising 39% of total imports. The second position in the ranking was held by the United Arab Emirates ($X), with a 10% share of total imports. It was followed by Taiwan (Chinese), with an 8.4% share.

From 2012 to 2022, the average annual rate of growth in terms of value from the United States totaled +31.4%. The remaining supplying countries recorded the following average annual rates of imports growth: the United Arab Emirates (+15.6% per year) and Taiwan (Chinese) (+18.9% per year).

Import Prices by Country

The average clasp knife import price stood at $X per unit in 2022, jumping by 46% against the previous year. In general, import price indicated slight growth from 2012 to 2022: its price 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, clasp knife import price increased by +87.0% against 2020 indices. The import price peaked at $X per unit in 2016; however, from 2017 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 Switzerland ($X per unit), while the price for Turkey ($X per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by the United States (+13.7%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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