Kuwait: Knife And Scissors Market 2024

Knife And Scissors Market Size in Kuwait

The Kuwaiti knife and scissors market skyrocketed to $X in 2021, growing by 49% against the previous year. This figure reflects the total revenues of producers and importers (excluding logistics costs, retail marketing costs, and retailers' margins, which will be included in the final consumer price). In general, the total consumption indicated a buoyant expansion from 2012 to 2021: its value increased at an average annual rate of +5.2% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, consumption increased by +80.3% against 2015 indices. As a result, consumption reached the peak level and is likely to continue growth in the immediate term.

Knife And Scissors Exports

Exports from Kuwait

After two years of growth, shipments abroad of knives, scissors and blades decreased by -28.7% to X tons in 2021. Over the period under review, exports showed a deep downturn. The most prominent rate of growth was recorded in 2020 with an increase of 153% against the previous year. Over the period under review, the exports reached the maximum at X tons in 2012; however, from 2013 to 2021, the exports failed to regain momentum.

In value terms, knife and scissors exports rose rapidly to $X in 2021. Overall, exports, however, posted a moderate increase. The most prominent rate of growth was recorded in 2020 when exports increased by 99% against the previous year. The exports peaked at $X in 2014; however, from 2015 to 2021, the exports remained at a lower figure.

Exports by Country

Qatar (X tons) was the main destination for knife and scissors exports from Kuwait, with a 54% share of total exports. Moreover, knife and scissors exports to Qatar exceeded the volume sent to the second major destination, Saudi Arabia (X kg), fourfold. Bahrain (X kg) ranked third in terms of total exports with a 14% share.

From 2012 to 2021, the average annual growth rate of volume to Qatar totaled +19.6%. Exports to the other major destinations recorded the following average annual rates of exports growth: Saudi Arabia (-16.7% per year) and Bahrain (-3.1% per year).

In value terms, Saudi Arabia ($X), Qatar ($X) and the United Arab Emirates ($X) constituted the largest markets for knife and scissors exported from Kuwait worldwide, with a combined 85% share of total exports.

Among the main countries of destination, Qatar, with a CAGR of +31.5%, saw the highest growth rate of the value of exports, over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

The average knife and scissors export price stood at $X per ton in 2021, picking up by 61% against the previous year. Over the period under review, export price indicated resilient growth from 2012 to 2021: its price increased at an average annual rate of +9.0% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. The most prominent rate of growth was recorded in 2014 an increase of 62% against the previous year. As a result, the export price attained the peak level of $X per ton. From 2015 to 2021, the average export prices remained at a lower figure.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Saudi Arabia ($X per ton), while the average price for exports to Bahrain ($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 Saudi Arabia (+25.2%), while the prices for the other major destinations experienced more modest paces of growth.

Knife And Scissors Imports

Imports into Kuwait

In 2021, imports of knives, scissors and blades into Kuwait surged to X tons, with an increase of 17% on the previous year's figure. Over the period under review, imports showed a relatively flat trend pattern. The most prominent rate of growth was recorded in 2016 with an increase of 21% against the previous year. Over the period under review, imports attained the peak figure at X tons in 2014; however, from 2015 to 2021, imports stood at a somewhat lower figure.

In value terms, knife and scissors imports surged to $X in 2021. Overall, total imports indicated prominent growth from 2012 to 2021: its value increased at an average annual rate of +6.0% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, imports increased by +97.9% against 2015 indices. As a result, imports reached the peak and are likely to continue growth in the immediate term.

Imports by Country

China (X tons), Japan (X tons) and the United Arab Emirates (X tons) were the main suppliers of knife and scissors imports to Kuwait, with a combined 70% share of total imports. These countries were followed by Brazil, Pakistan, the United States, Italy and Turkey, which together accounted for a further 13%.

From 2012 to 2021, the biggest increases were recorded for Turkey (with a CAGR of +14.2%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, China ($X), Japan ($X) and the United Arab Emirates ($X) constituted the largest knife and scissors suppliers to Kuwait, with a combined 47% share of total imports. These countries were followed by Brazil, the United States, Pakistan, Italy and Turkey, which together accounted for a further 18%.

Pakistan, with a CAGR of +19.9%, recorded the highest growth rate of the value of imports, among the main suppliers over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

In 2021, the average knife and scissors import price amounted to $X per ton, surging by 33% against the previous year. Over the period under review, import price indicated resilient growth from 2012 to 2021: its price increased at an average annual rate of +5.4% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, knife and scissors import price increased by +102.0% against 2014 indices. As a result, import price reached the peak level and is likely to continue growth in the immediate term.

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

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Pakistan (+19.9%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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