Kuwait: Market for Drawn Glass And Blown Glass 2024

Market Size for Drawn Glass And Blown Glass in Kuwait

In 2021, the Kuwaiti market for drawn glass and blown glass decreased by -55.5% to $X for the first time since 2016, thus ending a four-year rising trend. Over the period under review, consumption, however, enjoyed a strong expansion. Over the period under review, the market attained the maximum level at $X in 2020, and then shrank markedly in the following year.

Production of Drawn Glass And Blown Glass in Kuwait

In value terms, drawn glass and blown glass production contracted dramatically to $X in 2021 estimated in export price. Overall, production showed perceptible growth. The most prominent rate of growth was recorded in 2016 with an increase of 134%. As a result, production reached the peak level of $X. From 2017 to 2021, production growth remained at a lower figure.

Exports of Drawn Glass And Blown Glass

Exports from Kuwait

In 2021, after three years of growth, there was significant decline in overseas shipments of drawn glass and blown glass, when their volume decreased by -36.5% to X square meters. Over the period under review, exports, however, continue to indicate a significant increase. The growth pace was the most rapid in 2019 when exports increased by 533% against the previous year. The exports peaked at X square meters in 2020, and then contracted remarkably in the following year.

In value terms, drawn glass and blown glass exports shrank notably to $X in 2021. In general, exports, however, recorded significant growth. The growth pace was the most rapid in 2016 with an increase of 1,053% against the previous year. As a result, the exports attained the peak of $X. From 2017 to 2021, the growth of the exports failed to regain momentum.

Exports by Country

Saudi Arabia (X square meters) was the main destination for drawn glass and blown glass exports from Kuwait, accounting for a 64% share of total exports. Moreover, drawn glass and blown glass exports to Saudi Arabia exceeded the volume sent to the second major destination, Qatar (X square meters), threefold.

From 2012 to 2021, the average annual rate of growth in terms of volume to Saudi Arabia amounted to +37.1%. Exports to the other major destinations recorded the following average annual rates of exports growth: Qatar (+23.9% per year) and Jordan (+19.1% per year).

In value terms, Saudi Arabia ($X) remains the key foreign market for drawn glass and blown glass exports from Kuwait, comprising 82% of total exports. The second position in the ranking was taken by Jordan ($X), with a 13% share of total exports.

From 2012 to 2021, the average annual rate of growth in terms of value to Saudi Arabia amounted to +45.8%. Exports to the other major destinations recorded the following average annual rates of exports growth: Jordan (+10.4% per year) and Qatar (+12.9% per year).

Export Prices by Country

The average export price for drawn glass and blown glass stood at $X per square meter in 2021, picking up by 11% against the previous year. In general, the export price showed resilient growth. The most prominent rate of growth was recorded in 2016 when the average export price increased by 148% against the previous year. As a result, the export price attained the peak level of $X per square meter. From 2017 to 2021, the average export prices remained at a somewhat lower figure.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Saudi Arabia ($X per square meter), while the average price for exports to Qatar ($X per square meter) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was recorded for supplies to Bahrain (+34.7%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Drawn Glass And Blown Glass

Imports into Kuwait

In 2021, the amount of drawn glass and blown glass imported into Kuwait declined remarkably to X square meters, dropping by -61.2% on 2020 figures. In general, imports, however, recorded a significant expansion. The most prominent rate of growth was recorded in 2017 when imports increased by 3,635% against the previous year. As a result, imports attained the peak of X square meters. From 2018 to 2021, the growth of imports failed to regain momentum.

In value terms, drawn glass and blown glass imports fell rapidly to $X in 2021. Overall, imports, however, recorded a significant increase. The most prominent rate of growth was recorded in 2017 with an increase of 1,888% against the previous year. Imports peaked at $X in 2020, and then fell dramatically in the following year.

Imports by Country

In 2021, Saudi Arabia (X square meters) constituted the largest drawn glass and blown glass supplier to Kuwait, accounting for a 82% share of total imports. Moreover, drawn glass and blown glass imports from Saudi Arabia exceeded the figures recorded by the second-largest supplier, the United Arab Emirates (X square meters), eightfold. China (X square meters) ranked third in terms of total imports with a 3.9% share.

From 2012 to 2021, the average annual growth rate of volume from Saudi Arabia stood at +98.6%. The remaining supplying countries recorded the following average annual rates of imports growth: the United Arab Emirates (+8.1% per year) and China (+10.4% per year).

In value terms, Saudi Arabia ($X), the United Arab Emirates ($X) and China ($X) constituted the largest drawn glass and blown glass suppliers to Kuwait, with a combined 93% share of total imports.

In terms of the main suppliers, Saudi Arabia, with a CAGR of +79.4%, recorded the highest growth rate of the value of imports, over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

The average import price for drawn glass and blown glass stood at $X per square meter in 2021, rising by 3.8% against the previous year. In general, the import price, however, showed a noticeable curtailment. The pace of growth was the most pronounced in 2015 an increase of 21%. Over the period under review, average import prices hit record highs at $X per square meter in 2013; however, from 2014 to 2021, import prices failed to regain momentum.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was the United Arab Emirates ($X per square meter), while the price for Iran ($X per square meter) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by the United Arab Emirates (+7.5%), while the prices for the other major suppliers experienced a decline.

Source: IndexBox Platform

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