Kuwait: Market for Float Glass And Surface Ground or Polished Glass 2025

Market Size for Float Glass And Surface Ground or Polished Glass in Kuwait

The Kuwaiti market for float glass and surface ground or polished glass contracted dramatically to $X in 2022, dropping by X% 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, enjoyed a mild increase. As a result, consumption attained the peak level of $X. From 2017 to 2022, the growth of the market remained at a lower figure.

Exports of Float Glass And Surface Ground or Polished Glass

Exports from Kuwait

In 2022, after four years of decline, there was significant growth in shipments abroad of float glass and surface ground or polished glass, when their volume increased by X% to X square meters. Overall, exports, however, recorded a slight reduction. The growth pace was the most rapid in 2017 with an increase of X% 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 or polished glass soared to $X in 2022. In general, exports saw a relatively flat trend pattern. The most prominent rate of growth was recorded in 2014 when exports increased by X% against the previous year. Over the period under review, the exports of reached the maximum at $X in 2017; however, from 2018 to 2022, the exports stood at a somewhat lower figure.

Exports by Country

Iraq (X square meters) was the main destination for exports of float glass and surface ground or polished glass from Kuwait, with a X% share of total exports. Moreover, exports of float glass and surface ground or polished glass to Iraq exceeded the volume sent to the second major destination, Oman (X square meters), twofold. The third position in this ranking was taken by the United Arab Emirates (X square meters), with a X% share.

From 2012 to 2022, the average annual growth rate of volume to Iraq stood at X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Oman (X% per year) and the United Arab Emirates (X% per year).

In value terms, Iraq ($X) remains the key foreign market for float glass and surface ground or polished glass exports from Kuwait, comprising X% of total exports. The second position in the ranking was held by Saudi Arabia ($X), with an X% share of total exports. It was followed by Oman, with an X% share.

From 2012 to 2022, the average annual growth rate of value to Iraq stood at X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Saudi Arabia (X% per year) and Oman (X% per year).

Export Prices by Country

The average export price for float glass and surface ground or polished glass stood at $X per square meter in 2022, surging by X% against the previous year. Overall, export price indicated mild growth from 2012 to 2022: its price increased at an average annual rate of X% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, export price for float glass and surface ground or polished glass decreased by X% against 2020 indices. The pace of growth was the most pronounced in 2020 when the average export price increased by X%. As a result, the export price reached the peak level of $X per square meter. From 2021 to 2022, the average export prices remained at a lower figure.

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

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Saudi Arabia (X%), while the prices for the other major destinations experienced mixed trend patterns.

Imports of Float Glass And Surface Ground or Polished Glass

Imports into Kuwait

In 2022, imports of float glass and surface ground or polished glass into Kuwait contracted notably to X square meters, declining by X% compared with 2021 figures. Overall, imports saw a perceptible shrinkage. The growth pace was the most rapid in 2021 with an increase of X%. Imports peaked at X square meters in 2016; however, from 2017 to 2022, imports failed to regain momentum.

In value terms, imports of float glass and surface ground or polished glass contracted markedly to $X in 2022. In general, imports, however, enjoyed a temperate expansion. The most prominent rate of growth was recorded in 2016 with an increase of X%. As a result, imports reached the peak of $X. From 2017 to 2022, the growth of imports of remained at a lower figure.

Imports by Country

Saudi Arabia (X square meters), Belgium (X square meters) and China (X square meters) were the main suppliers of imports of float glass and surface ground or polished glass to Kuwait, with a combined X% share of total imports. The United Arab Emirates, India and Russia lagged somewhat behind, together accounting for a further X%.

From 2012 to 2022, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by Russia (with a CAGR of X%), while imports for the other leaders experienced more modest paces of growth.

In value terms, the largest float glass and surface ground or polished glass suppliers to Kuwait were Belgium ($X), Saudi Arabia ($X) and China ($X), together comprising X% of total imports. The United Arab Emirates, India and Russia lagged somewhat behind, together comprising a further X%.

Russia, with a CAGR of X%, saw the highest rates of growth with regard to the value of imports, in terms of the main suppliers 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 float glass and surface ground or polished glass amounted to $X per square meter, with a decrease of X% against the previous year. Overall, import price indicated a buoyant expansion from 2012 to 2022: its price increased at an average annual rate of X% 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 or polished glass decreased by X% against 2018 indices. The growth pace was the most rapid in 2018 when the average import price increased by X% against the previous year. As a result, import price attained the peak level of $X per square meter. From 2019 to 2022, the average import prices remained at a lower figure.

There were significant differences in the average prices amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was Belgium ($X per square meter), while the price for Saudi Arabia ($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 (X%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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