Kuwait: Market for Float glass and surface ground glass, in sheets, non-wired, other than coloured throughout the mass (body tinted), opacified, flashed or merely surface ground 2024

Market Size for Float glass and surface ground glass, in sheets, non-wired, other than coloured throughout the mass (body tinted), opacified, flashed or merely surface ground in Kuwait

The Kuwaiti market for float glass and surface ground glass, in sheets, non-wired, other than coloured throughout the mass (body tinted), opacified, flashed or merely surface ground soared to $X in 2022, jumping by 43% 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). Over the period under review, consumption, however, continues to indicate a relatively flat trend pattern. As a result, consumption attained the peak level of $X. From 2021 to 2022, the growth of the market remained at a somewhat lower figure.

Exports of Float glass and surface ground glass, in sheets, non-wired, other than coloured throughout the mass (body tinted), opacified, flashed or merely surface ground

Exports from Kuwait

In 2022, shipments abroad of float glass and surface ground glass, in sheets, non-wired, other than coloured throughout the mass (body tinted), opacified, flashed or merely surface ground increased by 29% to X square meters for the first time since 2017, thus ending a four-year declining trend. Overall, exports continue to indicate a moderate expansion. The most prominent rate of growth was recorded in 2017 with an increase of 2,276% against the previous year. As a result, the exports attained the peak of X square meters. From 2018 to 2022, the growth of the exports of remained at a lower figure.

In value terms, exports of float glass and surface ground glass, in sheets, non-wired, other than coloured throughout the mass (body tinted), opacified, flashed or merely surface ground soared to $X in 2022. Over the period under review, exports, however, continue to indicate a noticeable descent. The most prominent rate of growth was recorded in 2017 when exports increased by 2,782%. As a result, the exports reached the peak of $X. From 2018 to 2022, the growth of the exports of remained at a lower figure.

Exports by Country

Oman (X square meters) was the main destination for exports of float glass and surface ground glass, in sheets, non-wired, other than coloured throughout the mass (body tinted), opacified, flashed or merely surface ground from Kuwait, accounting for a 95% share of total exports. Moreover, exports of float glass and surface ground glass, in sheets, non-wired, other than coloured throughout the mass (body tinted), opacified, flashed or merely surface ground to Oman exceeded the volume sent to the second major destination, the United Arab Emirates (X square meters), more than tenfold.

From 2012 to 2022, the average annual growth rate of volume to Oman amounted to +2.6%.

In value terms, Oman ($X) remains the key foreign market for float glass and surface ground glass, in sheets, non-wired, other than coloured throughout the mass (body tinted), opacified, flashed or merely surface ground exports from Kuwait, comprising 70% of total exports. The second position in the ranking was held by the United Arab Emirates ($X), with a 9.5% share of total exports.

From 2012 to 2022, the average annual rate of growth in terms of value to Oman amounted to -7.1%.

Export Prices by Country

The average export price for float glass and surface ground glass, in sheets, non-wired, other than coloured throughout the mass (body tinted), opacified, flashed or merely surface ground stood at $X per square meter in 2022, rising by 48% against the previous year. Overall, the export price, however, recorded a drastic downturn. The pace of growth appeared the most rapid in 2020 an increase of 65% against the previous year. Over the period under review, the average export prices hit record highs at $X per square meter 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 external markets. In 2022, amid the top suppliers, the country with the highest price was the United Arab Emirates ($X per square meter), while the average price for exports to Oman totaled $X per square meter.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Oman (-9.5%).

Imports of Float glass and surface ground glass, in sheets, non-wired, other than coloured throughout the mass (body tinted), opacified, flashed or merely surface ground

Imports into Kuwait

In 2022, imports of float glass and surface ground glass, in sheets, non-wired, other than coloured throughout the mass (body tinted), opacified, flashed or merely surface ground into Kuwait skyrocketed to X square meters, rising by 53% against 2021 figures. Overall, imports, however, recorded a slight slump. The growth pace was the most rapid in 2020 when imports increased by 376%. Imports peaked at X square meters in 2015; however, from 2016 to 2022, imports stood at a somewhat lower figure.

In value terms, imports of float glass and surface ground glass, in sheets, non-wired, other than coloured throughout the mass (body tinted), opacified, flashed or merely surface ground surged to $X in 2022. In general, imports showed a relatively flat trend pattern. The growth pace was the most rapid in 2020 when imports increased by 322% against the previous year. As a result, imports attained the peak of $X. From 2021 to 2022, the growth of imports of remained at a lower figure.

Imports by Country

In 2022, Saudi Arabia (X square meters) was the main supplier of float glass and surface ground glass, in sheets, non-wired, other than coloured throughout the mass (body tinted), opacified, flashed or merely surface ground to Kuwait, with a 90% share of total imports. It was followed by Iran (X square meters), with a 2.4% share of total imports. The third position in this ranking was held by China (X square meters), with a 0.5% share.

From 2012 to 2022, the average annual rate of growth in terms of volume from Saudi Arabia amounted to -1.0%. The remaining supplying countries recorded the following average annual rates of imports growth: Iran (+22.2% per year) and China (-24.8% per year).

In value terms, Saudi Arabia ($X) constituted the largest supplier of float glass and surface ground glass, in sheets, non-wired, other than coloured throughout the mass (body tinted), opacified, flashed or merely surface ground to Kuwait, comprising 86% of total imports. The second position in the ranking was taken by Iran ($X), with a 1.8% share of total imports. It was followed by China, with a 1% share.

From 2012 to 2022, 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: Iran (+25.8% per year) and China (-18.6% per year).

Import Prices by Country

In 2022, the average import price for float glass and surface ground glass, in sheets, non-wired, other than coloured throughout the mass (body tinted), opacified, flashed or merely surface ground amounted to $X per square meter, shrinking by -9.1% against the previous year. Overall, import price indicated a modest increase from 2012 to 2022: its price increased at an average annual rate of +1.8% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, import price for float glass and surface ground glass, in sheets, non-wired, other than coloured throughout the mass (body tinted), opacified, flashed or merely surface ground increased by +5.7% against 2020 indices. The most prominent rate of growth was recorded in 2018 when the average import price increased by 49%. As a result, import price reached the peak level of $X per square meter. From 2019 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 China ($X per square meter), while the price for Iran ($X per square meter) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by China (+8.3%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform