Kuwait: Market for Flexible Tubes, Pipes and Hoses of Plastics, with a Burst Pressure ≥ 27,6 MPa 2024

Market Size for Flexible Tubes, Pipes and Hoses of Plastics, with a Burst Pressure ≥ 27,6 MPa in Kuwait

The Kuwaiti market for flexible tubes, pipes and hoses of plastics, with a burst pressure ≥ X MPa shrank rapidly to $X in 2021, waning by -17.7% 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 noticeable growth. Consumption of peaked at $X in 2014; however, from 2015 to 2021, consumption stood at a somewhat lower figure.

Exports of Flexible Tubes, Pipes and Hoses of Plastics, with a Burst Pressure ≥ 27,6 MPa

Exports from Kuwait

After two years of growth, shipments abroad of flexible tubes, pipes and hoses of plastics, with a burst pressure ≥ X MPa decreased by -17.3% to X tons in 2021. Overall, exports continue to indicate a deep contraction. The most prominent rate of growth was recorded in 2014 with an increase of 131%. Over the period under review, the exports of reached the peak figure at X tons in 2012; however, from 2013 to 2021, the exports failed to regain momentum.

In value terms, exports of flexible tubes, pipes and hoses of plastics, with a burst pressure ≥ X MPa declined dramatically to $X in 2021. In general, exports faced a abrupt shrinkage. The most prominent rate of growth was recorded in 2016 with an increase of 154%. The exports peaked at $X in 2012; however, from 2013 to 2021, the exports remained at a lower figure.

Exports by Country

Jordan (X tons), Saudi Arabia (X tons) and the United Arab Emirates (X tons) were the main destinations of exports of flexible tubes, pipes and hoses of plastics, with a burst pressure ≥ X MPa from Kuwait, with a combined 89% share of total exports.

From 2012 to 2021, the biggest increases were recorded for Jordan (with a CAGR of +21.3%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, the largest markets for flexible tubes, pipes and hoses of plastics, with a burst pressure ≥ X MPa exported from Kuwait were Jordan ($X), the United Arab Emirates ($X) and Saudi Arabia ($X), with a combined 87% share of total exports.

Jordan, with a CAGR of +11.5%, recorded the highest growth rate of the value of exports, among the main countries of destination over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

The average export price for flexible tubes, pipes and hoses of plastics, with a burst pressure ≥ X MPa stood at $X per ton in 2021, remaining stable against the previous year. Overall, the export price showed a modest expansion. The pace of growth was the most pronounced in 2017 when the average export price increased by 25% against the previous year. The export price peaked at $X per ton in 2018; however, from 2019 to 2021, the export prices stood at a somewhat lower figure.

There were significant differences in the average prices for the major export markets. In 2021, amid the top suppliers, the country with the highest price was the United Arab Emirates ($X per ton), while the average price for exports to Lebanon ($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 Oman (+1.0%), while the prices for the other major destinations experienced a decline.

Imports of Flexible Tubes, Pipes and Hoses of Plastics, with a Burst Pressure ≥ 27,6 MPa

Imports into Kuwait

In 2021, approx. X tons of flexible tubes, pipes and hoses of plastics, with a burst pressure ≥ X MPa were imported into Kuwait; shrinking by -27.1% on the year before. In general, imports showed a mild decrease. The pace of growth appeared the most rapid in 2013 with an increase of 103% against the previous year. Imports peaked at X tons in 2014; however, from 2015 to 2021, imports failed to regain momentum.

In value terms, imports of flexible tubes, pipes and hoses of plastics, with a burst pressure ≥ X MPa contracted to $X in 2021. Overall, imports saw a perceptible decline. The pace of growth appeared the most rapid in 2013 with an increase of 106% against the previous year. Imports peaked at $X in 2014; however, from 2015 to 2021, imports remained at a lower figure.

Imports by Country

In 2021, Saudi Arabia (X tons) constituted the largest supplier of flexible tubes, pipes and hoses of plastics, with a burst pressure ≥ X MPa to Kuwait, with a 66% share of total imports. Moreover, imports of flexible tubes, pipes and hoses of plastics, with a burst pressure ≥ X MPa from Saudi Arabia exceeded the figures recorded by the second-largest supplier, Bahrain (X tons), sixfold. Turkey (X tons) ranked third in terms of total imports with a 6.4% share.

From 2012 to 2021, the average annual rate of growth in terms of volume from Saudi Arabia was relatively modest. The remaining supplying countries recorded the following average annual rates of imports growth: Bahrain (+1.7% per year) and Turkey (-0.0% per year).

In value terms, Saudi Arabia ($X) constituted the largest supplier of flexible tubes, pipes and hoses of plastics, with a burst pressure ≥ X MPa to Kuwait, comprising 46% of total imports. The second position in the ranking was taken by Bahrain ($X), with a 10% share of total imports. It was followed by the United Arab Emirates, with a 7.9% share.

From 2012 to 2021, the average annual rate of growth in terms of value from Saudi Arabia was relatively modest. The remaining supplying countries recorded the following average annual rates of imports growth: Bahrain (+1.2% per year) and the United Arab Emirates (+24.0% per year).

Import Prices by Country

In 2021, the average import price for flexible tubes, pipes and hoses of plastics, with a burst pressure ≥ X MPa amounted to $X per ton, surging by 20% against the previous year. Overall, the import price, however, showed a relatively flat trend pattern. Over the period under review, average import prices reached the maximum at $X per ton in 2013; however, from 2014 to 2021, import prices remained at a lower figure.

Prices varied noticeably by country of origin: 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 2021, the most notable rate of growth in terms of prices was attained by the United States (+13.5%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :