Kuwait: Cotton Yarn Market 2025

Cotton Yarn Market Size in Kuwait

The Kuwaiti cotton yarn market was estimated at $X in 2022, picking up by 2.4% 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). Over the period under review, consumption, however, saw a pronounced decline. As a result, consumption reached the peak level of $X. From 2020 to 2022, the growth of the market remained at a lower figure.

Cotton Yarn Exports

Exports from Kuwait

In 2022, overseas shipments of cotton yarn decreased by -15.8% to X tons for the first time since 2015, thus ending a six-year rising trend. In general, exports, however, saw a prominent expansion. The pace of growth appeared the most rapid in 2018 with an increase of 223% against the previous year. Over the period under review, the exports hit record highs at X tons in 2021, and then declined rapidly in the following year.

In value terms, cotton yarn exports fell sharply to $X in 2022. Overall, exports, however, enjoyed prominent growth. The most prominent rate of growth was recorded in 2016 when exports increased by 152% against the previous year. Over the period under review, the exports attained the maximum at $X in 2021, and then shrank notably in the following year.

Exports by Country

Qatar (X tons) was the main destination for cotton yarn exports from Kuwait, accounting for a 68% share of total exports. Moreover, cotton yarn exports to Qatar exceeded the volume sent to the second major destination, the United Arab Emirates (X kg), twofold.

From 2012 to 2022, the average annual growth rate of volume to Qatar totaled +24.5%. Exports to the other major destinations recorded the following average annual rates of exports growth: the United Arab Emirates (-3.7% per year) and Bahrain (+28.6% per year).

In value terms, the United Arab Emirates ($X) remains the key foreign market for cotton yarn exports from Kuwait, comprising 71% of total exports. The second position in the ranking was held by Qatar ($X), with a 15% share of total exports.

From 2012 to 2022, the average annual rate of growth in terms of value to the United Arab Emirates amounted to +5.2%. Exports to the other major destinations recorded the following average annual rates of exports growth: Qatar (+4.4% per year) and Bahrain (+35.1% per year).

Export Prices by Country

The average cotton yarn export price stood at $X per ton in 2022, falling by -2.2% against the previous year. In general, the export price recorded a relatively flat trend pattern. The pace of growth was the most pronounced in 2014 when the average export price increased by 175% against the previous year. Over the period under review, the average export prices attained the maximum at $X per ton in 2017; however, from 2018 to 2022, the export prices stood at a somewhat lower figure.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Bahrain ($X per ton), while the average price for exports to Qatar ($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 the United Arab Emirates (+9.2%), while the prices for the other major destinations experienced mixed trend patterns.

Cotton Yarn Imports

Imports into Kuwait

In 2022, approx. X tons of cotton yarn were imported into Kuwait; growing by 14% compared with 2021 figures. Overall, imports, however, continue to indicate a abrupt decline. The pace of growth appeared the most rapid in 2019 with an increase of 232%. As a result, imports reached the peak of X tons. From 2020 to 2022, the growth of imports failed to regain momentum.

In value terms, cotton yarn imports shrank to $X in 2022. Over the period under review, imports, however, saw a relatively flat trend pattern. The pace of growth appeared the most rapid in 2019 when imports increased by 132%. As a result, imports attained the peak of $X. From 2020 to 2022, the growth of imports failed to regain momentum.

Imports by Country

India (X tons), Turkey (X tons) and Pakistan (X tons) were the main suppliers of cotton yarn imports to Kuwait, with a combined 51% share of total imports. Thailand, China, Spain, Italy, the United States and Taiwan (Chinese) lagged somewhat behind, together accounting for a further 30%.

From 2012 to 2022, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by Spain (with a CAGR of +60.5%), while imports for the other leaders experienced more modest paces of growth.

In value terms, Spain ($X), Turkey ($X) and Italy ($X) constituted the largest cotton yarn suppliers to Kuwait, with a combined 49% share of total imports.

Spain, with a CAGR of +75.8%, saw 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

In 2022, the average cotton yarn import price amounted to $X per ton, falling by -19.1% against the previous year. In general, import price indicated a buoyant expansion from 2012 to 2022: its price increased at an average annual rate of +6.7% 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 the average import price increased by 79%. Over the period under review, average import prices reached the peak figure at $X per ton in 2021, and then dropped markedly in the following year.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Spain ($X per ton), while the price for Taiwan (Chinese) ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Spain (+9.6%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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