Report Update Nov 1, 2024

Kuwait - Gypsum Plasters - Market Analysis, Forecast, Size, Trends and Insights

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Kuwait: Plaster Market 2024

Plaster Market Size in Kuwait

In 2022, the Kuwaiti plaster market increased by 164% to $X for the first time since 2019, thus ending a two-year declining trend. Overall, consumption posted strong growth. Over the period under review, the market attained the peak level at $X in 2019; however, from 2020 to 2022, consumption remained at a lower figure.

Plaster Exports

Exports from Kuwait

In 2022, shipments abroad of plaster was finally on the rise to reach X tons for the first time since 2016, thus ending a five-year declining trend. Over the period under review, exports, however, showed a noticeable decline. The growth pace was the most rapid in 2013 with an increase of 400% against the previous year. The exports peaked at X tons in 2016; however, from 2017 to 2022, the exports stood at a somewhat lower figure.

In value terms, plaster exports reached $X in 2022. Overall, exports showed a relatively flat trend pattern. The most prominent rate of growth was recorded in 2013 with an increase of 485%. The exports peaked at $X in 2016; however, from 2017 to 2022, the exports failed to regain momentum.

Exports by Country

Bahrain (X tons) was the main destination for plaster exports from Kuwait, accounting for a 100% share of total exports. It was followed by Saudi Arabia (X kg), with a 0.3% share of total exports.

From 2012 to 2022, the average annual growth rate of volume to Bahrain totaled +7.8%.

In value terms, Bahrain ($X) remains the key foreign market for plaster exports from Kuwait, comprising 99% of total exports. The second position in the ranking was held by Saudi Arabia ($X), with a 0.7% share of total exports.

From 2012 to 2022, the average annual growth rate of value to Bahrain totaled +14.9%.

Export Prices by Country

In 2022, the average plaster export price amounted to $X per ton, therefore, remained relatively stable against the previous year. Overall, the export price, however, saw a remarkable increase. The pace of growth appeared the most rapid in 2015 when the average export price increased by 278% against the previous year. As a result, the export price reached the peak level of $X per ton. From 2016 to 2022, the average export prices failed to regain momentum.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Saudi Arabia ($X per ton), while the average price for exports to Bahrain totaled $X per ton.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Saudi Arabia (+16.0%).

Plaster Imports

Imports into Kuwait

In 2022, overseas purchases of plaster were finally on the rise to reach X tons after two years of decline. Over the period under review, imports continue to indicate a remarkable increase. The pace of growth was the most pronounced in 2013 with an increase of 814% against the previous year. Over the period under review, imports attained the maximum at X tons in 2019; however, from 2020 to 2022, imports stood at a somewhat lower figure.

In value terms, plaster imports soared to $X in 2022. Overall, imports continue to indicate a buoyant increase. The growth pace was the most rapid in 2013 when imports increased by 818% against the previous year. Over the period under review, imports reached the maximum at $X in 2019; however, from 2020 to 2022, imports remained at a lower figure.

Imports by Country

In 2022, Iran (X tons) constituted the largest supplier of plaster to Kuwait, with a 80% share of total imports. Moreover, plaster imports from Iran exceeded the figures recorded by the second-largest supplier, Turkey (X tons), more than tenfold. The UK (X tons) ranked third in terms of total imports with a 6.8% share.

From 2012 to 2022, the average annual growth rate of volume from Iran stood at +6.5%. The remaining supplying countries recorded the following average annual rates of imports growth: Turkey (+38.1% per year) and the UK (+49.8% per year).

In value terms, Iran ($X) constituted the largest supplier of plaster to Kuwait, comprising 71% of total imports. The second position in the ranking was held by the UK ($X), with an 8% share of total imports. It was followed by Turkey, with a 5.8% share.

From 2012 to 2022, the average annual growth rate of value from Iran totaled +7.0%. The remaining supplying countries recorded the following average annual rates of imports growth: the UK (+13.1% per year) and Turkey (+15.7% per year).

Import Prices by Country

The average plaster import price stood at $X per ton in 2022, shrinking by -10.7% against the previous year. Over the period under review, the import price, however, recorded a relatively flat trend pattern. The pace of growth was the most pronounced in 2021 when the average import price increased by 14% against the previous year. As a result, import price reached the peak level of $X per ton, and then fell in the following year.

Average prices varied somewhat amongst the major supplying countries. In 2022, amid the top importers, the highest price was recorded for prices from the UK ($X per ton) and Saudi Arabia ($X per ton), while the price for Turkey ($X per ton) and Iran ($X per ton) were amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Iran (+0.3%), while the prices for the other major suppliers experienced a decline.

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :

What are the largest markets for plaster in the world?

China constituted the country with the largest volume of plaster consumption, accounting for 25% of total volume. Moreover, plaster consumption in China exceeded the figures recorded by the second-largest consumer, the United States, fourfold. The third position in this ranking was occupied by Russia, with a 5.5% share.

What are the largest producers of plaster in the world?

China constituted the country with the largest volume of plaster production, comprising approx. 25% of total volume. Moreover, plaster production in China exceeded the figures recorded by the second-largest producer, the United States, fourfold. The third position in this ranking was occupied by Turkey, with a 5.9% share.

What are the leading suppliers of plaster to Kuwait?

In value terms, Iran constituted the largest supplier of plaster to Kuwait, comprising 86% of total imports. The second position in the ranking was occupied by the UK, with a 2.7% share of total imports.

What are the leading importers of plaster from Kuwait?

In value terms, Bahrain remains the key foreign market for plaster exports from Kuwait, comprising 96% of total exports. The second position in the ranking was occupied by Saudi Arabia $324), with a 3.8% share of total exports.

What is the average export price for plaster in Kuwait?

The average plaster export price stood at $177 per ton in 2021, rising by 4.5% against the previous year.

What is the average import price for plaster in Kuwait?

In 2021, the average plaster import price amounted to $30 per ton, declining by -3.3% against the previous year.

This report provides an in-depth analysis of the plaster 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 23522000 - Plasters consisting of calcined gypsum or calcium sulphate (including for use in building, for use in dressing woven fabrics or surfacing paper, for use in dentistry)

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