Kuwait: Waterproof Footwear Market 2024

Waterproof Footwear Market Size in Kuwait

After two years of growth, the Kuwaiti waterproof footwear market decreased by -6.5% to $X in 2022. Overall, consumption, however, posted moderate growth. As a result, consumption reached the peak level of $X. From 2018 to 2022, the growth of the market remained at a lower figure.

Waterproof Footwear Exports

Exports from Kuwait

Waterproof footwear exports from Kuwait surged to X pairs in 2022, growing by 35% compared with the previous year's figure. Overall, exports enjoyed a mild increase. The pace of growth was the most pronounced in 2017 when exports increased by 649% against the previous year. As a result, the exports reached the peak of X pairs. From 2018 to 2022, the growth of the exports remained at a lower figure.

In value terms, waterproof footwear exports skyrocketed to $X in 2022. Over the period under review, exports recorded a strong expansion. The pace of growth appeared the most rapid in 2017 with an increase of 657%. As a result, the exports reached the peak of $X. From 2018 to 2022, the growth of the exports failed to regain momentum.

Exports by Country

Bahrain (X pairs) was the main destination for waterproof footwear exports from Kuwait, accounting for a 85% share of total exports. Moreover, waterproof footwear exports to Bahrain exceeded the volume sent to the second major destination, Saudi Arabia (X pairs), more than tenfold. The third position in this ranking was taken by the United Arab Emirates (X pairs), with a 4.8% share.

From 2012 to 2022, the average annual growth rate of volume to Bahrain amounted to +14.8%. Exports to the other major destinations recorded the following average annual rates of exports growth: Saudi Arabia (-17.6% per year) and the United Arab Emirates (-4.7% per year).

In value terms, the United Arab Emirates ($X), Bahrain ($X) and Saudi Arabia ($X) were the largest markets for waterproof footwear exported from Kuwait worldwide, with a combined 86% share of total exports.

The United Arab Emirates, with a CAGR of +32.6%, saw the highest growth rate of the value of exports, in terms of 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 waterproof footwear export price stood at $X per pair in 2022, with a decrease of -4.7% against the previous year. Overall, the export price, however, showed a strong expansion. The most prominent rate of growth was recorded in 2019 when the average export price increased by 81%. As a result, the export price attained the peak level of $X per pair. From 2020 to 2022, the average export prices failed to regain momentum.

There were significant differences in the average prices for the major export markets. In 2022, amid the top suppliers, the country with the highest price was the United Arab Emirates ($X per pair), while the average price for exports to Bahrain ($X per pair) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Oman (+85.2%), while the prices for the other major destinations experienced more modest paces of growth.

Waterproof Footwear Imports

Imports into Kuwait

Waterproof footwear imports into Kuwait fell modestly to X pairs in 2022, remaining constant against 2021. In general, imports, however, enjoyed slight growth. The pace of growth was the most pronounced in 2017 with an increase of 101%. As a result, imports reached the peak of X pairs. From 2018 to 2022, the growth of imports failed to regain momentum.

In value terms, waterproof footwear imports dropped to $X in 2022. Over the period under review, total imports indicated tangible growth from 2012 to 2022: its value increased at an average annual rate of +2.7% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +52.3% against 2019 indices. The pace of growth was the most pronounced in 2017 when imports increased by 58% against the previous year. Over the period under review, imports reached the maximum at $X in 2015; however, from 2016 to 2022, imports remained at a lower figure.

Imports by Country

In 2022, China (X pairs) constituted the largest supplier of waterproof footwear to Kuwait, with a 59% share of total imports. Moreover, waterproof footwear imports from China exceeded the figures recorded by the second-largest supplier, Italy (X pairs), fourfold. Iran (X pairs) ranked third in terms of total imports with a 7.1% share.

From 2012 to 2022, the average annual rate of growth in terms of volume from China amounted to +20.1%. The remaining supplying countries recorded the following average annual rates of imports growth: Italy (-11.5% per year) and Iran (+7.5% per year).

In value terms, China ($X) constituted the largest supplier of waterproof footwear to Kuwait, comprising 37% of total imports. The second position in the ranking was taken by Italy ($X), with a 5.9% share of total imports. It was followed by Iran, with a 2.5% share.

From 2012 to 2022, the average annual growth rate of value from China stood at +19.8%. The remaining supplying countries recorded the following average annual rates of imports growth: Italy (-12.7% per year) and Iran (+17.2% per year).

Import Prices by Country

The average waterproof footwear import price stood at $X per pair in 2022, reducing by -7.8% against the previous year. In general, import price indicated a slight expansion from 2012 to 2022: its price increased at an average annual rate of +1.3% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, waterproof footwear import price increased by +112.7% against 2017 indices. The growth pace was the most rapid in 2018 when the average import price increased by 58%. Over the period under review, average import prices hit record highs at $X per pair in 2021, and then dropped in the following year.

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 Thailand ($X per pair), while the price for Iran ($X per pair) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Iran (+9.0%), while the prices for the other major suppliers experienced mixed trend patterns.

Source: IndexBox Platform

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