Kuwait: Common Pottery Market 2024

Common Pottery Market Size in Kuwait

The Kuwaiti common pottery market contracted significantly to $X in 2022, waning by -15.5% 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 resilient expansion. Common pottery consumption peaked at $X in 2021, and then reduced rapidly in the following year.

Common Pottery Exports

Exports from Kuwait

Common pottery exports from Kuwait dropped slightly to X tons in 2022, reducing by -5% against 2021. Over the period under review, exports, however, enjoyed a buoyant expansion. The growth pace was the most rapid in 2013 with an increase of 477%. As a result, the exports attained the peak of X tons. From 2014 to 2022, the growth of the exports failed to regain momentum.

In value terms, common pottery exports shrank markedly to $X in 2022. In general, exports, however, saw a strong increase. The most prominent rate of growth was recorded in 2013 when exports increased by 330%. The exports peaked at $X in 2021, and then shrank significantly in the following year.

Exports by Country

The United Arab Emirates (X tons), Saudi Arabia (X tons) and Pakistan (X tons) were the main destinations of common pottery exports from Kuwait, together comprising 68% 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 Pakistan (with a CAGR of +76.1%), while the other leaders experienced more modest paces of growth.

In value terms, the United Arab Emirates ($X) remains the key foreign market for common pottery exports from Kuwait, comprising 63% of total exports. The second position in the ranking was held by Saudi Arabia ($X), with an 11% share of total exports. It was followed by Pakistan, with a 6.7% share.

From 2012 to 2022, the average annual rate of growth in terms of value to the United Arab Emirates amounted to +24.5%. Exports to the other major destinations recorded the following average annual rates of exports growth: Saudi Arabia (+25.2% per year) and Pakistan (+72.2% per year).

Export Prices by Country

In 2022, the average common pottery export price amounted to $X per ton, reducing by -17.8% against the previous year. Over the period under review, the export price, however, enjoyed a slight increase. The pace of growth appeared the most rapid in 2021 when the average export price increased by 59%. As a result, the export price attained the peak level of $X per ton, and then reduced markedly in the following year.

There were significant differences in the average prices for the major external markets. In 2022, amid the top suppliers, the country with the highest price was the United Arab Emirates ($X per ton), while the average price for exports to Jordan ($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 India (+13.9%), while the prices for the other major destinations experienced more modest paces of growth.

Common Pottery Imports

Imports into Kuwait

Common pottery imports into Kuwait shrank significantly to X tons in 2022, with a decrease of -22.9% on the year before. Over the period under review, total imports indicated buoyant growth from 2012 to 2022: its volume increased at an average annual rate of +6.9% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. The growth pace was the most rapid in 2013 when imports increased by 151% against the previous year. Imports peaked at X tons in 2021, and then reduced markedly in the following year.

In value terms, common pottery imports dropped to $X in 2022. In general, imports, however, showed resilient growth. The most prominent rate of growth was recorded in 2013 when imports increased by 123% against the previous year. Imports peaked at $X in 2021, and then reduced in the following year.

Imports by Country

The United Arab Emirates (X tons), Turkey (X tons) and Malaysia (X tons) were the main suppliers of common pottery imports to Kuwait, with a combined 57% share of total imports.

From 2012 to 2022, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by Turkey (with a CAGR of +42.3%), while imports for the other leaders experienced more modest paces of growth.

In value terms, the United Arab Emirates ($X) constituted the largest supplier of common pottery to Kuwait, comprising 60% of total imports. The second position in the ranking was taken by Turkey ($X), with a 7.1% share of total imports. It was followed by Thailand, with a 4.9% share.

From 2012 to 2022, the average annual growth rate of value from the United Arab Emirates amounted to +21.6%. The remaining supplying countries recorded the following average annual rates of imports growth: Turkey (+30.1% per year) and Thailand (+12.7% per year).

Import Prices by Country

The average common pottery import price stood at $X per ton in 2022, growing by 14% against the previous year. Over the period under review, import price indicated a tangible expansion from 2012 to 2022: its price increased at an average annual rate of +2.0% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, common pottery import price increased by +91.6% against 2017 indices. The pace of growth appeared the most rapid in 2018 when the average import price increased by 34% against the previous year. Over the period under review, average import prices reached the peak figure in 2022 and is likely to continue growth in the near future.

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 the United Arab Emirates ($X per ton), while the price for Brazil ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by the United Arab Emirates (+5.0%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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