Report Update Nov 1, 2024

Kuwait - Granite (Crude) - Market Analysis, Forecast, Size, Trends and Insights

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Kuwait: Crude Granite Market 2024

Crude Granite Market Size in Kuwait

The Kuwaiti crude granite market dropped rapidly to $X in 2022, reducing by -99.9% against the previous year. Over the period under review, consumption continues to indicate a sharp shrinkage. Crude granite consumption peaked at $X in 2019; however, from 2020 to 2022, consumption failed to regain momentum.

Crude Granite Production in Kuwait

In value terms, crude granite production stood at less than $X in 2022 estimated in export price. Overall, production saw a relatively flat trend pattern.

Crude Granite Exports

Exports from Kuwait

In 2022, crude granite exports from Kuwait amounted to X tons, approximately mirroring the previous year. In general, exports showed strong growth. The most prominent rate of growth was recorded in 2017 with an increase of 176%. Over the period under review, the exports reached the peak figure at X tons in 2020; however, from 2021 to 2022, the exports failed to regain momentum.

In value terms, crude granite exports reached $X in 2022. Over the period under review, exports, however, recorded a abrupt downturn. The pace of growth appeared the most rapid in 2019 when exports increased by 88% against the previous year. Over the period under review, the exports hit record highs at $X in 2012; however, from 2013 to 2022, the exports stood at a somewhat lower figure.

Exports by Country

Saudi Arabia (X tons) was the main destination for crude granite exports from Kuwait, accounting for a approx. 100% share of total exports.

From 2013 to 2019, the average annual growth rate of volume to Saudi Arabia was relatively modest.

From 2013 to 2019, the average annual rate of growth in terms of value to Saudi Arabia was relatively modest.

Export Prices by Country

The average crude granite export price stood at $X per ton in 2019, reducing by -3.8% against the previous year. Overall, the export price continues to indicate a sharp setback. Over the period under review, the average export prices reached the maximum at $X per ton in 2013; however, from 2014 to 2019, the export prices failed to regain momentum.

As there is only one major export destination, the average price level is determined by prices for Saudi Arabia.

From 2013 to 2019, the rate of growth in terms of prices for Qatar amounted to -31.8% per year.

Crude Granite Imports

Imports into Kuwait

In 2022, approx. X tons of granite (crude) were imported into Kuwait; waning by -99.7% compared with the previous year's figure. In general, imports saw a precipitous curtailment. The pace of growth appeared the most rapid in 2015 when imports increased by 561% against the previous year. Imports peaked at X tons in 2019; however, from 2020 to 2022, imports remained at a lower figure.

In value terms, crude granite imports dropped sharply to $X in 2022. Over the period under review, imports faced a sharp shrinkage. The most prominent rate of growth was recorded in 2021 when imports increased by 503%. Imports peaked at $X in 2019; however, from 2020 to 2022, imports remained at a lower figure.

Imports by Country

In 2022, India (X tons) constituted the largest crude granite supplier to Kuwait, accounting for a 83% share of total imports. Moreover, crude granite imports from India exceeded the figures recorded by the second-largest supplier, Australia (X kg), sixfold.

From 2012 to 2022, the average annual growth rate of volume from India totaled +61.0%. The remaining supplying countries recorded the following average annual rates of imports growth: Australia (+4.5% per year) and China (+1.0% per year).

In value terms, India ($X) constituted the largest supplier of granite (crude) to Kuwait, comprising 76% of total imports. The second position in the ranking was held by Australia ($X), with a 20% share of total imports.

From 2012 to 2022, the average annual growth rate of value from India stood at +75.2%. The remaining supplying countries recorded the following average annual rates of imports growth: Australia (-2.5% per year) and China (-18.8% per year).

Import Prices by Country

The average crude granite import price stood at $X per ton in 2022, surging by 8.3% against the previous year. Overall, the import price, however, showed a pronounced descent. The most prominent rate of growth was recorded in 2017 an increase of 46%. Over the period under review, average import prices attained the maximum at $X per ton in 2012; however, from 2013 to 2022, import prices remained at a lower figure.

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

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Iran (+911.1%), while the prices for the other major suppliers experienced mixed trend patterns.

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :

What are the largest markets for granite (crude) in the world?

The countries with the highest volumes of in 2021 were Ukraine, China and the United States, together accounting for 38% of global consumption. India, Indonesia, Japan, Pakistan, Nigeria, Brazil, the UK, Mexico, Poland and South Korea lagged somewhat behind, together comprising a further 31%.

What are the largest producers of granite (crude) in the world?

The countries with the highest volumes of in 2021 were Ukraine, China and India, together accounting for 39% of global production.

What are the leading suppliers of granite (crude) to Kuwait?

In value terms, India constituted the largest supplier of crude granite to Kuwait, comprising 85% of total imports. The second position in the ranking was occupied by Italy, with a 10% share of total imports. It was followed by Saudi Arabia, with a 3.9% share.

What is the average export price for granite (crude) in Kuwait?

In 2019, the average crude granite export price amounted to $128 per ton, falling by -3.8% against the previous year.

What is the average import price for granite (crude) in Kuwait?

In 2021, the average crude granite import price amounted to $296 per ton, reducing by -11.8% against the previous year.

This report provides an in-depth analysis of the crude granite market in Kuwait. Within it, you will discover the latest data on market trends and opportunities by country, consumption, production and price developments, as well as the global trade (imports and exports). The forecast exhibits the market prospects through 2030.

Product coverage:

Prodcom 08111233 - Granite, crude or roughly trimmed

Country coverage:

Kuwait

Data coverage:

Market volume and value
Per Capita consumption
Forecast of the market dynamics in the medium term
Trade (exports and imports) in Kuwait
Export and import prices
Market trends, drivers and restraints
Key market players and their profiles

Reasons to buy this report:

Take advantage of the latest data
Find deeper insights into current market developments
Discover vital success factors affecting the market

This report is designed for manufacturers, distributors, importers, and wholesalers, as well as for investors, consultants and advisors.

In this report, you can find information that helps you to make informed decisions on the following issues:

How to diversify your business and benefit from new market opportunities
How to load your idle production capacity
How to boost your sales on overseas markets
How to increase your profit margins
How to make your supply chain more sustainable
How to reduce your production and supply chain costs
How to outsource production to other countries
How to prepare your business for global expansion

While doing this research, we combine the accumulated expertise of our analysts and the capabilities of artificial intelligence. The AI-based platform, developed by our data scientists, constitutes the key working tool for business analysts, empowering them to discover deep insights and ideas from the marketing data.

1. INTRODUCTION

Making Data-Driven Decisions to Grow Your Business
1. REPORT DESCRIPTION
2. RESEARCH METHODOLOGY AND AI PLATFORM
3. DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
4. GLOSSARY AND SPECIFIC TERMS
2. EXECUTIVE SUMMARY

A Quick Overview of Market Performance
1. KEY FINDINGS
2. MARKET TRENDS This Chapter is Available Only for the Professional Edition PRO
3. MARKET OVERVIEW

Understanding the Current State of The Market and Its Prospects
1. MARKET SIZE
2. MARKET STRUCTURE
3. TRADE BALANCE
4. PER CAPITA CONSUMPTION
5. MARKET FORECAST TO 2030
4. MOST PROMISING PRODUCT

Finding New Products to Diversify Your Business
This Chapter is Available Only for the Professional Edition PRO
1. TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
2. BEST-SELLING PRODUCTS
3. MOST CONSUMED PRODUCT
4. MOST TRADED PRODUCT
5. MOST PROFITABLE PRODUCT FOR EXPORT
5. MOST PROMISING SUPPLYING COUNTRIES

Choosing the Best Countries to Establish Your Sustainable Supply Chain
This Chapter is Available Only for the Professional Edition PRO
1. TOP COUNTRIES TO SOURCE YOUR PRODUCT
2. TOP PRODUCING COUNTRIES
3. TOP EXPORTING COUNTRIES
4. LOW-COST EXPORTING COUNTRIES
6. MOST PROMISING OVERSEAS MARKETS

Choosing the Best Countries to Boost Your Exports
This Chapter is Available Only for the Professional Edition PRO
1. TOP OVERSEAS MARKETS FOR EXPORTING YOUR PRODUCT
2. TOP CONSUMING MARKETS
3. UNSATURATED MARKETS
4. TOP IMPORTING MARKETS
5. MOST PROFITABLE MARKETS
7. PRODUCTION

The Latest Trends and Insights into The Industry
1. PRODUCTION VOLUME AND VALUE
8. IMPORTS
The Largest Import Supplying Countries
1. IMPORTS FROM 2012–2023
2. IMPORTS BY COUNTRY
3. IMPORT PRICES BY COUNTRY
9. EXPORTS
The Largest Destinations for Exports
1. EXPORTS FROM 2012–2023
2. EXPORTS BY COUNTRY
3. EXPORT PRICES BY COUNTRY
10. PROFILES OF MAJOR PRODUCERS

The Largest Producers on The Market and Their Profiles
This Chapter is Available Only for the Professional Edition PRO
LIST OF TABLES
1. Key Findings In 2023
2. Market Volume, In Physical Terms, 2012–2023
3. Market Value, 2012–2023
4. Per Capita Consumption In 2012-2023
5. Imports, In Physical Terms, By Country, 2012–2023
6. Imports, In Value Terms, By Country, 2012–2023
7. Import Prices, By Country Of Origin, 2012–2023
8. Exports, In Physical Terms, By Country, 2012–2023
9. Exports, In Value Terms, By Country, 2012–2023
10. Export Prices, By Country Of Destination, 2012–2023
LIST OF FIGURES
1. Market Volume, In Physical Terms, 2012–2023
2. Market Value, 2012–2023
3. Market Structure – Domestic Supply vs. Imports, In Physical Terms, 2012-2023
4. Market Structure – Domestic Supply vs. Imports, In Value Terms, 2012-2023
5. Trade Balance, In Physical Terms, 2012-2023
6. Trade Balance, In Value Terms, 2012-2023
7. Per Capita Consumption, 2012-2023
8. Market Volume Forecast to 2030
9. Market Value Forecast to 2030
10. Products: Market Size And Growth, By Type
11. Products: Average Per Capita Consumption, By Type
12. Products: Exports And Growth, By Type
13. Products: Export Prices And Growth, By Type
14. Production Volume And Growth
15. Exports And Growth
16. Export Prices And Growth
17. Market Size And Growth
18. Per Capita Consumption
19. Imports And Growth
20. Import Prices
21. Production, In Physical Terms, 2012–2023
22. Production, In Value Terms, 2012–2023
23. Imports, In Physical Terms, 2012–2023
24. Imports, In Value Terms, 2012–2023
25. Imports, In Physical Terms, By Country, 2023
26. Imports, In Physical Terms, By Country, 2012–2023
27. Imports, In Value Terms, By Country, 2012–2023
28. Import Prices, By Country Of Origin, 2012–2023
29. Exports, In Physical Terms, 2012–2023
30. Exports, In Value Terms, 2012–2023
31. Exports, In Physical Terms, By Country, 2023
32. Exports, In Physical Terms, By Country, 2012–2023
33. Exports, In Value Terms, By Country, 2012–2023
34. Export Prices, By Country Of Destination, 2012–2023