Kuwait: Luggage Market 2025

Luggage Market Size in Kuwait

The Kuwaiti luggage market skyrocketed to $X in 2021, surging by 50% 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). The market value increased at an average annual rate of +3.8% over the period from 2012 to 2021; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. Luggage consumption peaked at $X in 2019; however, from 2020 to 2021, consumption failed to regain momentum.

Luggage Exports

Exports from Kuwait

In 2021, shipments abroad of luggage and handbags increased by 102% to X tons, rising for the third year in a row after two years of decline. In general, exports enjoyed a remarkable increase. The pace of growth appeared the most rapid in 2020 when exports increased by 114% against the previous year. Over the period under review, the exports attained the peak figure in 2021 and are likely to continue growth in the immediate term.

In value terms, luggage exports surged to $X in 2021. Over the period under review, exports enjoyed a remarkable increase. The pace of growth was the most pronounced in 2016 with an increase of 102%. The exports peaked in 2021 and are expected to retain growth in the immediate term.

Exports by Country

Saudi Arabia (X tons) was the main destination for luggage exports from Kuwait, accounting for a 79% share of total exports. Moreover, luggage exports to Saudi Arabia exceeded the volume sent to the second major destination, Free Zones (X tons), more than tenfold. Nigeria (X tons) ranked third in terms of total exports with a 2.6% share.

From 2012 to 2021, the average annual growth rate of volume to Saudi Arabia totaled +39.7%. Exports to the other major destinations recorded the following average annual rates of exports growth: Free Zones (+31.9% per year) and Nigeria (+64.0% per year).

In value terms, Saudi Arabia ($X) emerged as the key foreign market for luggage and handbags exports from Kuwait, comprising 10% of total exports. The second position in the ranking was held by the United Arab Emirates ($X), with a 4.6% share of total exports. It was followed by Free Zones, with a 4.3% share.

From 2012 to 2021, the average annual rate of growth in terms of value to Saudi Arabia amounted to +15.5%. Exports to the other major destinations recorded the following average annual rates of exports growth: the United Arab Emirates (+3.4% per year) and Free Zones (+31.3% per year).

Export Prices by Country

In 2021, the average luggage export price amounted to $X per ton, with a decrease of -31.4% against the previous year. Overall, the export price continues to indicate a slight setback. The growth pace was the most rapid in 2018 when the average export price increased by 82% against the previous year. As a result, the export price reached the peak level of $X per ton. From 2019 to 2021, the average export prices remained at a somewhat lower figure.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was the United Arab Emirates ($X per ton), while the average price for exports to Nigeria ($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 Qatar (+7.8%), while the prices for the other major destinations experienced more modest paces of growth.

Luggage Imports

Imports into Kuwait

In 2021, imports of luggage and handbags into Kuwait totaled X tons, surging by 14% against 2020 figures. Over the period under review, imports, however, saw a perceptible curtailment. The pace of growth was the most pronounced in 2013 when imports increased by 26%. Over the period under review, imports hit record highs at X tons in 2019; however, from 2020 to 2021, imports stood at a somewhat lower figure.

In value terms, luggage imports skyrocketed to $X in 2021. In general, imports showed resilient growth. As a result, imports attained the peak and are likely to continue growth in the immediate term.

Imports by Country

In 2021, China (X tons) constituted the largest luggage supplier to Kuwait, accounting for a 81% share of total imports. Moreover, luggage imports from China exceeded the figures recorded by the second-largest supplier, the United Arab Emirates (X tons), more than tenfold. The third position in this ranking was held by India (X tons), with a 2% share.

From 2012 to 2021, the average annual rate of growth in terms of volume from China stood at +22.4%. The remaining supplying countries recorded the following average annual rates of imports growth: the United Arab Emirates (-31.4% per year) and India (+19.9% per year).

In value terms, China ($X) constituted the largest supplier of luggage and handbags to Kuwait, comprising 17% of total imports. The second position in the ranking was taken by the United Arab Emirates ($X), with a 1.9% share of total imports. It was followed by Turkey, with a 0.7% share.

From 2012 to 2021, the average annual rate of growth in terms of value from China stood at +16.3%. The remaining supplying countries recorded the following average annual rates of imports growth: the United Arab Emirates (-21.8% per year) and Turkey (+33.7% per year).

Import Prices by Country

In 2021, the average luggage import price amounted to $X per ton, with an increase of 63% against the previous year. Overall, the import price posted a buoyant expansion. The growth pace was the most rapid in 2020 when the average import price increased by 92% against the previous year. Over the period under review, average import prices reached the peak figure in 2021 and is likely to continue growth in the near future.

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

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by the United Arab Emirates (+14.1%), while the prices for the other major suppliers experienced a decline.

Source: IndexBox Platform

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