Kuwait: Metal Filing Cabinet Market 2024

Metal Filing Cabinet Market Size in Kuwait

In 2021, the Kuwaiti metal filing cabinet market was finally on the rise to reach $X for the first time since 2017, thus ending a three-year declining trend. Overall, consumption saw a perceptible expansion. Over the period under review, the market attained the peak level at $X in 2015; however, from 2016 to 2021, consumption failed to regain momentum.

Metal Filing Cabinet Exports

Exports from Kuwait

In 2021, overseas shipments of filing cabinets, card-index cabinets or desk equipment of base metal were finally on the rise to reach X tons after two years of decline. In general, exports, however, recorded a sharp curtailment. The pace of growth was the most pronounced in 2018 when exports increased by 409%. Over the period under review, the exports attained the maximum at X tons in 2012; however, from 2013 to 2021, the exports stood at a somewhat lower figure.

In value terms, metal filing cabinet exports rose remarkably to $X in 2021. Overall, exports, however, continue to indicate a precipitous decrease. The most prominent rate of growth was recorded in 2018 with an increase of 374%. Over the period under review, the exports attained the maximum at $X in 2012; however, from 2013 to 2021, the exports stood at a somewhat lower figure.

Exports by Country

The United Arab Emirates (X tons) was the main destination for metal filing cabinet exports from Kuwait, with a 53% share of total exports. Moreover, metal filing cabinet exports to the United Arab Emirates exceeded the volume sent to the second major destination, Saudi Arabia (X tons), twofold. The third position in this ranking was held by Syrian Arab Republic (X kg), with an 8.9% share.

From 2012 to 2021, the average annual rate of growth in terms of volume to the United Arab Emirates stood at -28.6%. Exports to the other major destinations recorded the following average annual rates of exports growth: Saudi Arabia (-21.4% per year) and Syrian Arab Republic (0.0% per year).

In value terms, Saudi Arabia ($X) remains the key foreign market for filing cabinets, card-index cabinets or desk equipment of base metal exports from Kuwait, comprising 67% of total exports. The second position in the ranking was held by the United Arab Emirates ($X), with a 30% share of total exports. It was followed by Qatar, with a 1.9% share.

From 2012 to 2021, the average annual growth rate of value to Saudi Arabia stood at -11.2%. Exports to the other major destinations recorded the following average annual rates of exports growth: the United Arab Emirates (-33.9% per year) and Qatar (-44.6% per year).

Export Prices by Country

The average metal filing cabinet export price stood at $X per ton in 2021, declining by -7.5% against the previous year. Overall, the export price continues to indicate a slight reduction. The pace of growth appeared the most rapid in 2019 an increase of 155%. As a result, the export price attained the peak level of $X per ton. From 2020 to 2021, the average export prices failed to regain momentum.

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

From 2012 to 2021, the most notable rate of growth in terms of prices was recorded for supplies to Saudi Arabia (+13.0%), while the prices for the other major destinations experienced a decline.

Metal Filing Cabinet Imports

Imports into Kuwait

In 2021, overseas purchases of filing cabinets, card-index cabinets or desk equipment of base metal were finally on the rise to reach X tons for the first time since 2017, thus ending a three-year declining trend. In general, imports, however, recorded a perceptible shrinkage. Imports peaked at X tons in 2015; however, from 2016 to 2021, imports failed to regain momentum.

In value terms, metal filing cabinet imports surged to $X in 2021. Over the period under review, imports recorded a relatively flat trend pattern. The pace of growth appeared the most rapid in 2013 when imports increased by 98% against the previous year. Imports peaked at $X in 2015; however, from 2016 to 2021, imports stood at a somewhat lower figure.

Imports by Country

China (X tons), the United Arab Emirates (X tons) and Iran (X tons) were the main suppliers of metal filing cabinet imports to Kuwait, with a combined 84% share of total imports. These countries were followed by Turkey and Malaysia, which together accounted for a further 10%.

From 2012 to 2021, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by Malaysia (with a CAGR of +23.9%), while imports for the other leaders experienced mixed trend patterns.

In value terms, China ($X) constituted the largest supplier of filing cabinets, card-index cabinets or desk equipment of base metal to Kuwait, comprising 44% of total imports. The second position in the ranking was taken by the United Arab Emirates ($X), with a 16% share of total imports. It was followed by Malaysia, with a 9.1% share.

From 2012 to 2021, the average annual growth rate of value from China totaled -7.0%. The remaining supplying countries recorded the following average annual rates of imports growth: the United Arab Emirates (-17.6% per year) and Malaysia (+46.3% per year).

Import Prices by Country

In 2021, the average metal filing cabinet import price amounted to $X per ton, which is down by -21.9% against the previous year. Over the period under review, the import price, however, showed a moderate increase. The most prominent rate of growth was recorded in 2018 an increase of 72% against the previous year. The import price peaked at $X per ton in 2020, and then dropped notably in the following year.

There were significant differences in the average prices amongst the major supplying countries. In 2021, amid the top importers, the country with the highest price was Malaysia ($X per ton), while the price for Iran ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Malaysia (+18.0%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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