Kuwait: Market for Glass in The Mass 2024

Market Size for Glass in The Mass in Kuwait

In 2022, after three years of decline, there was significant growth in the Kuwaiti glass in the mass market, when its value increased by 28% to $X. Overall, consumption, however, faced a abrupt setback. As a result, consumption attained the peak level of $X. From 2014 to 2022, the growth of the market remained at a lower figure.

Exports of Glass in The Mass

Exports from Kuwait

In 2022, after two years of decline, there was significant growth in overseas shipments of glass in the mass, when their volume increased by 17% to X tons. Overall, exports, however, continue to indicate a significant contraction. The growth pace was the most rapid in 2019 when exports increased by 1,545%. As a result, the exports reached the peak of X tons. From 2020 to 2022, the growth of the exports remained at a lower figure.

In value terms, glass in the mass exports expanded markedly to $X in 2022. Over the period under review, exports, however, recorded a precipitous decrease. The most prominent rate of growth was recorded in 2019 when exports increased by 1,663%. As a result, the exports reached the peak of $X. From 2020 to 2022, the growth of the exports remained at a lower figure.

Exports by Country

The United Arab Emirates (X tons) was the main destination for glass in the mass exports from Kuwait, with a 54% share of total exports. Moreover, glass in the mass exports to the United Arab Emirates exceeded the volume sent to the second major destination, Saudi Arabia (X kg), threefold. Qatar (X kg) ranked third in terms of total exports with a 14% share.

From 2012 to 2022, the average annual rate of growth in terms of volume to the United Arab Emirates totaled +27.5%. Exports to the other major destinations recorded the following average annual rates of exports growth: Saudi Arabia (-10.0% per year) and Qatar (-22.5% per year).

In value terms, the United Arab Emirates ($X), Bahrain ($X) and Saudi Arabia ($X) appeared to be the largest markets for glass in the mass exported from Kuwait worldwide, with a combined 92% share of total exports.

In terms of the main countries of destination, the United Arab Emirates, with a CAGR of +7.5%, saw the highest growth rate of the value of exports, over the period under review, while shipments for the other leaders experienced a decline.

Export Prices by Country

The average glass in the mass export price stood at $X per ton in 2022, falling by -4.5% against the previous year. Over the period under review, the export price saw a deep reduction. The most prominent rate of growth was recorded in 2020 an increase of 14%. 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 stood at a somewhat lower figure.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Bahrain ($X per ton), while the average price for exports to Saudi Arabia ($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 Qatar (-4.8%), while the prices for the other major destinations experienced a decline.

Imports of Glass in The Mass

Imports into Kuwait

After three years of decline, supplies from abroad of glass in the mass increased by 41% to X tons in 2022. Over the period under review, imports, however, saw a abrupt contraction. Over the period under review, glass in mass imports reached the peak figure at X tons in 2013; however, from 2014 to 2022, imports remained at a lower figure.

In value terms, glass in the mass imports skyrocketed to $X in 2022. In general, imports, however, faced a abrupt shrinkage. The pace of growth appeared the most rapid in 2013 with an increase of 51% against the previous year. As a result, imports reached the peak of $X. From 2014 to 2022, the growth of imports remained at a lower figure.

Imports by Country

The United Arab Emirates (X tons), Saudi Arabia (X tons) and Qatar (X tons) were the main suppliers of glass in the mass imports to Kuwait, together accounting for 76% of total imports. Sri Lanka, China, France, Jordan and Iran lagged somewhat behind, together comprising a further 21%.

From 2012 to 2022, the biggest increases were recorded for Sri Lanka (with a CAGR of +75.4%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, the United Arab Emirates ($X) constituted the largest supplier of glass in the mass to Kuwait, comprising 58% of total imports. The second position in the ranking was taken by China ($X), with a 13% share of total imports. It was followed by Saudi Arabia, with an 11% share.

From 2012 to 2022, the average annual rate of growth in terms of value from the United Arab Emirates amounted to +6.1%. The remaining supplying countries recorded the following average annual rates of imports growth: China (-1.7% per year) and Saudi Arabia (-28.2% per year).

Import Prices by Country

In 2022, the average glass in the mass import price amounted to $X per ton, waning by -16.1% against the previous year. In general, the import price, however, continues to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in 2021 an increase of 29% against the previous year. Over the period under review, average import prices hit record highs at $X per ton in 2016; however, from 2017 to 2022, 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 Jordan ($X per ton), while the price for Qatar ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Jordan (+18.5%), while the prices for the other major suppliers experienced mixed trend patterns.

Source: IndexBox Platform

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