Kuwait: Market for Plastic Tableware And Kitchenware 2024

Market Size for Plastic Tableware And Kitchenware in Kuwait

The Kuwaiti plastic tableware and kitchenware market reduced to $X in 2022, waning by -10% 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). The market value increased at an average annual rate of +3.4% over the period from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. Plastic tableware and kitchenware consumption peaked at $X in 2019; however, from 2020 to 2022, consumption remained at a lower figure.

Exports of Plastic Tableware And Kitchenware

Exports from Kuwait

In 2022, shipments abroad of plastic tableware and kitchenware decreased by -12.5% to X tons for the first time since 2018, thus ending a three-year rising trend. Overall, exports, however, enjoyed a buoyant increase. The most prominent rate of growth was recorded in 2020 with an increase of 78% against the previous year. The exports peaked at X tons in 2021, and then reduced in the following year.

In value terms, plastic tableware and kitchenware exports contracted to $X in 2022. Over the period under review, exports, however, posted strong growth. The most prominent rate of growth was recorded in 2020 with an increase of 71% against the previous year. The exports peaked at $X in 2021, and then reduced in the following year.

Exports by Country

Qatar (X tons), Saudi Arabia (X tons) and the United Arab Emirates (X tons) were the main destinations of plastic tableware and kitchenware exports from Kuwait, with a combined 94% share 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 Qatar (with a CAGR of +27.3%), while the other leaders experienced mixed trend patterns.

In value terms, the largest markets for plastic tableware and kitchenware exported from Kuwait were Qatar ($X), Saudi Arabia ($X) and the United Arab Emirates ($X), together comprising 95% of total exports.

In terms of the main countries of destination, Qatar, with a CAGR of +25.0%, saw the highest growth rate of the value of exports, over the period under review, while shipments for the other leaders experienced mixed trend patterns.

Export Prices by Country

In 2022, the average plastic tableware and kitchenware export price amounted to $X per ton, with a decrease of -2.5% against the previous year. Over the period under review, the export price continues to indicate a slight reduction. The most prominent rate of growth was recorded in 2016 an increase of 37%. Over the period under review, the average export prices attained the peak figure at $X per ton in 2012; however, from 2013 to 2022, the export prices failed to regain momentum.

There were significant differences in the average prices for the major export markets. In 2022, amid the top suppliers, the country with the highest price was Lebanon ($X per ton), while the average price for exports to Iraq ($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 Lebanon (+1.4%), while the prices for the other major destinations experienced mixed trend patterns.

Imports of Plastic Tableware And Kitchenware

Imports into Kuwait

In 2022, approx. X tons of plastic tableware and kitchenware were imported into Kuwait; which is down by -8.5% on the year before. The total import volume increased at an average annual rate of +3.6% over the period from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The pace of growth was the most pronounced in 2021 when imports increased by 20%. As a result, imports attained the peak of X tons, and then declined in the following year.

In value terms, plastic tableware and kitchenware imports declined to $X in 2022. Overall, total imports indicated a prominent expansion from 2012 to 2022: its value increased at an average annual rate of +5.3% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +15.4% against 2020 indices. The growth pace was the most rapid in 2021 when imports increased by 31%. As a result, imports reached the peak of $X, and then declined in the following year.

Imports by Country

In 2022, China (X tons) constituted the largest supplier of plastic tableware and kitchenware to Kuwait, with a 43% share of total imports. Moreover, plastic tableware and kitchenware imports from China exceeded the figures recorded by the second-largest supplier, Saudi Arabia (X tons), twofold. The third position in this ranking was taken by the United Arab Emirates (X tons), with a 19% share.

From 2012 to 2022, the average annual rate of growth in terms of volume from China stood at +2.9%. The remaining supplying countries recorded the following average annual rates of imports growth: Saudi Arabia (+3.4% per year) and the United Arab Emirates (-9.9% per year).

In value terms, China ($X) constituted the largest supplier of plastic tableware and kitchenware to Kuwait, comprising 42% of total imports. The second position in the ranking was held by the United Arab Emirates ($X), with a 20% share of total imports. It was followed by Saudi Arabia, with a 15% share.

From 2012 to 2022, the average annual rate of growth in terms of value from China stood at +5.6%. The remaining supplying countries recorded the following average annual rates of imports growth: the United Arab Emirates (-8.6% per year) and Saudi Arabia (+2.6% per year).

Import Prices by Country

In 2022, the average plastic tableware and kitchenware import price amounted to $X per ton, with a decrease of -3.6% against the previous year. Over the period from 2012 to 2022, it increased at an average annual rate of +1.6%. The pace of growth appeared the most rapid in 2021 an increase of 8.7% against the previous year. As a result, import price reached the peak level of $X per ton, and then fell slightly in the following year.

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

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Taiwan (Chinese) (+4.2%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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