Kuwait: Market for Flexible Tubes, Pipes and Hoses of Plastics, with Fittings 2024

Market Size for Flexible Tubes, Pipes and Hoses of Plastics, with Fittings in Kuwait

The Kuwaiti market for flexible tubes, pipes and hoses of plastics, with fittings dropped slightly to $X in 2022, with a decrease of -4.6% against the previous year. Over the period under review, consumption, however, saw a prominent increase. Over the period under review, the market hit record highs at $X in 2021, and then shrank in the following year.

Production of Flexible Tubes, Pipes and Hoses of Plastics, with Fittings in Kuwait

In value terms, production of flexible tubes, pipes and hoses of plastics, with fittings shrank slightly to $X in 2022 estimated in export price. Over the period under review, production, however, enjoyed a remarkable increase. The pace of growth appeared the most rapid in 2014 when the production volume increased by 465% against the previous year. Over the period under review, production of attained the maximum level at $X in 2019; however, from 2020 to 2022, production failed to regain momentum.

Exports of Flexible Tubes, Pipes and Hoses of Plastics, with Fittings

Exports from Kuwait

In 2022, overseas shipments of flexible tubes, pipes and hoses of plastics, with fittings were finally on the rise to reach X tons for the first time since 2017, thus ending a four-year declining trend. In general, exports, however, saw a deep slump. The most prominent rate of growth was recorded in 2015 with an increase of 3,469% against the previous year. As a result, the exports reached the peak of X tons. From 2016 to 2022, the growth of the exports of remained at a somewhat lower figure.

In value terms, exports of flexible tubes, pipes and hoses of plastics, with fittings skyrocketed to $X in 2022. Over the period under review, exports, however, showed a deep downturn. The most prominent rate of growth was recorded in 2015 when exports increased by 4,167%. As a result, the exports reached the peak of $X. From 2016 to 2022, the growth of the exports of remained at a somewhat lower figure.

Exports by Country

Jordan (X tons) was the main destination for exports of flexible tubes, pipes and hoses of plastics, with fittings from Kuwait, with a 57% share of total exports. Moreover, exports of flexible tubes, pipes and hoses of plastics, with fittings to Jordan exceeded the volume sent to the second major destination, Iraq (X tons), threefold. Saudi Arabia (X tons) ranked third in terms of total exports with an 11% share.

From 2012 to 2022, the average annual growth rate of volume to Jordan amounted to -14.1%. Exports to the other major destinations recorded the following average annual rates of exports growth: Iraq (+5.3% per year) and Saudi Arabia (+6.2% per year).

In value terms, Jordan ($X) remains the key foreign market for flexible tubes, pipes and hoses of plastics, with fittings exports from Kuwait, comprising 64% of total exports. The second position in the ranking was taken by Iraq ($X), with a 22% share of total exports. It was followed by Saudi Arabia, with a 7.9% share.

From 2012 to 2022, the average annual growth rate of value to Jordan amounted to -12.3%. Exports to the other major destinations recorded the following average annual rates of exports growth: Iraq (+14.5% per year) and Saudi Arabia (+3.4% per year).

Export Prices by Country

The average export price for flexible tubes, pipes and hoses of plastics, with fittings stood at $X per ton in 2022, almost unchanged from the previous year. In general, the export price, however, continues to indicate a noticeable setback. The pace of growth was the most pronounced in 2015 an increase of 20% against the previous year. Over the period under review, the average export prices reached the maximum at $X per ton in 2012; however, from 2013 to 2022, the export prices failed to regain momentum.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was the United Arab Emirates ($X per ton), while the average price for exports to Oman ($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 Iraq (+8.7%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Flexible Tubes, Pipes and Hoses of Plastics, with Fittings

Imports into Kuwait

In 2022, after four years of growth, there was decline in overseas purchases of flexible tubes, pipes and hoses of plastics, with fittings, when their volume decreased by -2.7% to X tons. Overall, imports, however, saw modest growth. The growth pace was the most rapid in 2013 when imports increased by 97% against the previous year. As a result, imports reached the peak of X tons. From 2014 to 2022, the growth of imports of remained at a somewhat lower figure.

In value terms, imports of flexible tubes, pipes and hoses of plastics, with fittings declined remarkably to $X in 2022. In general, imports, however, recorded a remarkable increase. The growth pace was the most rapid in 2013 when imports increased by 180% against the previous year. As a result, imports attained the peak of $X. From 2014 to 2022, the growth of imports of remained at a somewhat lower figure.

Imports by Country

In 2022, Egypt (X tons) constituted the largest flexible tubes, pipes and hoses of plastics, with fittings supplier to Kuwait, accounting for a 38% share of total imports. Moreover, imports of flexible tubes, pipes and hoses of plastics, with fittings from Egypt exceeded the figures recorded by the second-largest supplier, China (X tons), threefold. The third position in this ranking was held by the Netherlands (X tons), with an 8.4% share.

From 2012 to 2022, the average annual rate of growth in terms of volume from Egypt stood at +47.9%. The remaining supplying countries recorded the following average annual rates of imports growth: China (+33.0% per year) and the Netherlands (+28.8% per year).

In value terms, Egypt ($X), the United States ($X) and Germany ($X) appeared to be the largest flexible tubes, pipes and hoses of plastics, with fittings suppliers to Kuwait, together accounting for 48% of total imports.

In terms of the main suppliers, Egypt, with a CAGR of +51.8%, saw the highest rates of growth with regard to 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

In 2022, the average import price for flexible tubes, pipes and hoses of plastics, with fittings amounted to $X per ton, reducing by -13.7% against the previous year. Overall, the import price, however, showed a prominent expansion. The growth pace was the most rapid in 2016 an increase of 89%. As a result, import price reached the peak level of $X per ton. From 2017 to 2022, the average import prices failed to regain momentum.

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

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by the United Arab Emirates (+28.9%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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