Kuwait: Market for High-Tenacity Filament Yarn Of Nylon Or Other Polyamides 2024

Market Size for High-Tenacity Filament Yarn Of Nylon Or Other Polyamides in Kuwait

The Kuwaiti high-tenacity filament nylon yarn market fell modestly to $X in 2022, with a decrease of -4.2% against the previous year. In general, consumption, however, showed a resilient increase. High-tenacity filament nylon yarn consumption peaked at $X in 2018; however, from 2019 to 2022, consumption stood at a somewhat lower figure.

Production of High-Tenacity Filament Yarn Of Nylon Or Other Polyamides in Kuwait

In value terms, high-tenacity filament nylon yarn production shrank to $X in 2022 estimated in export price. In general, production, however, enjoyed a buoyant expansion. The growth pace was the most rapid in 2014 when the production volume increased by 86% against the previous year. Over the period under review, production reached the maximum level at $X in 2017; however, from 2018 to 2022, production failed to regain momentum.

Exports of High-Tenacity Filament Yarn Of Nylon Or Other Polyamides

Exports from Kuwait

In 2021, overseas shipments of high-tenacity filament yarn of nylon or other polyamides decreased by 0% to X tons, falling for the second consecutive year after two years of decline. Overall, exports enjoyed significant growth. The most prominent rate of growth was recorded in 2016 with an increase of 321% against the previous year. The exports peaked in 2021 and are expected to retain growth in the immediate term.

In value terms, high-tenacity filament nylon yarn exports totaled $X in 2021. In general, exports continue to indicate a significant increase. The pace of growth appeared the most rapid in 2016 with an increase of 2,515%. The exports peaked in 2021 and are expected to retain growth in the immediate term.

Exports by Country

The United Arab Emirates (X tons) and Qatar (X tons) were the main destinations of high-tenacity filament nylon yarn exports from Kuwait.

From 2015 to 2021, the biggest increases were recorded for the United Arab Emirates (with a CAGR of +120.3%).

In value terms, the largest markets for high-tenacity filament nylon yarn exported from Kuwait were the United Arab Emirates ($X) and Qatar ($X).

Among the main countries of destination, the United Arab Emirates, with a CAGR of +152.9%, saw the highest rates of growth with regard to the value of exports, over the period under review.

Export Prices by Country

In 2021, the average high-tenacity filament nylon yarn export price amounted to $X per ton, leveling off at the previous year. Over the period under review, the export price enjoyed a strong increase. The growth pace was the most rapid in 2016 when the average export price increased by 522%. Over the period under review, the average export prices hit record highs at $X per ton in 2017; however, from 2018 to 2021, the export prices stood at a somewhat lower figure.

Average prices varied noticeably for the major overseas markets. In 2021, amid the top suppliers, the country with the highest price was Qatar ($X per ton), while the average price for exports to the United Arab Emirates amounted to $X per ton.

From 2015 to 2021, the most notable rate of growth in terms of prices was recorded for supplies to the United Arab Emirates (+14.8%).

Imports of High-Tenacity Filament Yarn Of Nylon Or Other Polyamides

Imports into Kuwait

In 2022, after three years of decline, there was significant growth in supplies from abroad of high-tenacity filament yarn of nylon or other polyamides, when their volume increased by 43% to X tons. Over the period under review, imports showed significant growth. The pace of growth appeared the most rapid in 2013 with an increase of 521% against the previous year. Over the period under review, imports attained the maximum at X tons in 2018; however, from 2019 to 2022, imports failed to regain momentum.

In value terms, high-tenacity filament nylon yarn imports surged to $X in 2022. In general, imports enjoyed prominent growth. The growth pace was the most rapid in 2013 with an increase of 379%. Imports peaked at $X in 2018; however, from 2019 to 2022, imports failed to regain momentum.

Imports by Country

In 2022, Saudi Arabia (X tons) was the main supplier of high-tenacity filament nylon yarn to Kuwait, accounting for a 92% share of total imports. Moreover, high-tenacity filament nylon yarn imports from Saudi Arabia exceeded the figures recorded by the second-largest supplier, China (X tons), more than tenfold.

From 2012 to 2022, the average annual growth rate of volume from Saudi Arabia totaled +24.3%.

In value terms, Saudi Arabia ($X) constituted the largest supplier of high-tenacity filament yarn of nylon or other polyamides to Kuwait, comprising 83% of total imports. The second position in the ranking was taken by China ($X), with a 10% share of total imports.

From 2012 to 2022, the average annual rate of growth in terms of value from Saudi Arabia amounted to +10.5%.

Import Prices by Country

In 2022, the average high-tenacity filament nylon yarn import price amounted to $X per ton, increasing by 6.8% against the previous year. In general, the import price, however, continues to indicate a abrupt setback. The most prominent rate of growth was recorded in 2014 when the average import price increased by 36%. The import price peaked at $X per ton in 2015; however, from 2016 to 2022, import prices failed to regain momentum.

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 China ($X per ton), while the price for Saudi Arabia stood at $X per ton.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by China (-5.5%).

Source: IndexBox Platform

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