Kuwait: Knitted Fabric Market 2025

Knitted Fabric Market Size in Kuwait

After three years of decline, the Kuwaiti knitted fabric market increased by 162% to $X in 2021. In general, consumption recorded a prominent increase. As a result, consumption reached the peak level and is likely to continue growth in the immediate term.

Knitted Fabric Production in Kuwait

In value terms, knitted fabric production expanded remarkably to $X in 2021 estimated in export price. Over the period under review, production, however, showed a prominent expansion. The pace of growth appeared the most rapid in 2017 with an increase of 390%. As a result, production attained the peak level of $X. From 2018 to 2021, production growth remained at a somewhat lower figure.

Knitted Fabric Exports

Exports from Kuwait

Knitted fabric exports from Kuwait soared to X tons in 2021, with an increase of 23% compared with the previous year. In general, exports showed strong growth. The growth pace was the most rapid in 2016 when exports increased by 41%. The exports peaked in 2021 and are likely to see steady growth in the near future.

In value terms, knitted fabric exports skyrocketed to $X in 2021. Overall, exports saw a temperate expansion. As a result, the exports attained the peak and are likely to continue growth in the immediate term.

Exports by Country

The United Arab Emirates (X tons) was the main destination for knitted fabric exports from Kuwait, with a 348% share of total exports. Moreover, knitted fabric exports to the United Arab Emirates exceeded the volume sent to the second major destination, Qatar (X tons), twofold. Saudi Arabia (X tons) ranked third in terms of total exports with an 81% share.

From 2012 to 2021, the average annual rate of growth in terms of volume to the United Arab Emirates amounted to +47.8%. Exports to the other major destinations recorded the following average annual rates of exports growth: Qatar (+34.3% per year) and Saudi Arabia (+22.0% per year).

In value terms, the United Arab Emirates ($X) remains the key foreign market for knitted or crocheted fabrics exports from Kuwait, comprising 149% of total exports. The second position in the ranking was held by Qatar ($X), with a 63% share of total exports. It was followed by Saudi Arabia, with a 29% share.

From 2012 to 2021, the average annual growth rate of value to the United Arab Emirates totaled +23.8%. Exports to the other major destinations recorded the following average annual rates of exports growth: Qatar (+14.8% per year) and Saudi Arabia (+9.5% per year).

Export Prices by Country

In 2021, the average knitted fabric export price amounted to $X per ton, rising by 19% against the previous year. Overall, the export price, however, continues to indicate a deep slump. The pace of growth was the most pronounced in 2017 an increase of 39%. Over the period under review, the average export prices attained the maximum at $X per ton in 2012; however, from 2013 to 2021, the export prices stood at a somewhat lower figure.

There were significant differences in the average prices for the major external markets. In 2021, amid the top suppliers, the country with the highest price was Sri Lanka ($X per ton), while the average price for exports to Iraq ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was recorded for supplies to Sri Lanka (+20.9%), while the prices for the other major destinations experienced mixed trend patterns.

Knitted Fabric Imports

Imports into Kuwait

In 2021, after two years of decline, there was significant growth in purchases abroad of knitted or crocheted fabrics, when their volume increased by 129% to X tons. In general, imports recorded a prominent increase. As a result, imports reached the peak and are likely to continue growth in the immediate term.

In value terms, knitted fabric imports surged to $X in 2021. Over the period under review, imports continue to indicate a prominent increase. As a result, imports attained the peak and are likely to continue growth in the immediate term.

Imports by Country

The United Arab Emirates (X tons), China (X tons) and South Korea (X tons) were the main suppliers of knitted fabric imports to Kuwait, together accounting for 44% of total imports. These countries were followed by Turkey, Australia, Saudi Arabia and India, which together accounted for a further 2.8%.

From 2012 to 2021, the biggest increases were recorded for Australia (with a CAGR of +49.1%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, the United Arab Emirates ($X), China ($X) and South Korea ($X) were the largest knitted fabric suppliers to Kuwait, together accounting for 26% of total imports. These countries were followed by Turkey, Saudi Arabia, India and Australia, which together accounted for a further 2.2%.

In terms of the main suppliers, Turkey, with a CAGR of +14.0%, recorded the highest growth rate of the value of imports, over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

The average knitted fabric import price stood at $X per ton in 2021, rising by 63% against the previous year. Over the period from 2012 to 2021, it increased at an average annual rate of +2.2%. As a result, import price reached the peak level and is likely to continue growth in the immediate term.

There were significant differences in the average prices amongst the major supplying countries. In 2021, amid the top importers, the country with the highest price was Turkey ($X per ton), while the price for Australia ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Saudi Arabia (+4.0%), while the prices for the other major suppliers experienced mixed trend patterns.

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :