Kuwait: Manifold Business Form Market 2024

Manifold Business Form Market Size in Kuwait

In 2022, after three years of growth, there was significant decline in the Kuwaiti manifold business form market, when its value decreased by -28.3% to $X. Over the period under review, consumption, however, posted a strong expansion. Manifold business form consumption peaked at $X in 2021, and then dropped notably in the following year.

Manifold Business Form Exports

Exports from Kuwait

In 2022, manifold business form exports from Kuwait reduced dramatically to X kg, falling by -25.2% on the year before. In general, exports faced a abrupt curtailment. The most prominent rate of growth was recorded in 2016 with an increase of 113%. Over the period under review, the exports reached the maximum at X kg in 2013; however, from 2014 to 2022, the exports remained at a lower figure.

In value terms, manifold business form exports reduced notably to $X in 2022. Over the period under review, exports continue to indicate a pronounced shrinkage. The pace of growth appeared the most rapid in 2021 with an increase of 222%. Over the period under review, the exports hit record highs at $X in 2018; however, from 2019 to 2022, the exports failed to regain momentum.

Exports by Country

The United Arab Emirates (X kg) was the main destination for manifold business form exports from Kuwait, accounting for a 96% share of total exports. It was followed by India (X kg), with a 1.2% share of total exports. The third position in this ranking was held by Bahrain (X kg), with a 1.2% share.

From 2012 to 2022, the average annual growth rate of volume to the United Arab Emirates totaled +9.3%. Exports to the other major destinations recorded the following average annual rates of exports growth: India (-39.6% per year) and Bahrain (-32.2% per year).

In value terms, the United Arab Emirates ($X) remains the key foreign market for manifold business forms and interleaved carbon sets exports from Kuwait, comprising 94% of total exports. The second position in the ranking was held by Qatar ($X), with a 3.7% share of total exports. It was followed by India, with a 1.7% share.

From 2012 to 2022, the average annual rate of growth in terms of value to the United Arab Emirates stood at +16.9%. Exports to the other major destinations recorded the following average annual rates of exports growth: Qatar (-57.3% per year) and India (-31.7% per year).

Export Prices by Country

The average manifold business form export price stood at $X per ton in 2022, with a decrease of -12.3% against the previous year. Over the period under review, the export price, however, showed strong growth. The pace of growth appeared the most rapid in 2018 when the average export price increased by 172% against the previous year. Over the period under review, the average export prices reached the peak figure at $X per ton in 2021, and then fell in the following year.

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

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Qatar (+93.7%), while the prices for the other major destinations experienced more modest paces of growth.

Manifold Business Form Imports

Imports into Kuwait

After three years of growth, purchases abroad of manifold business forms and interleaved carbon sets decreased by -30.6% to X tons in 2022. In general, imports, however, enjoyed a significant expansion. The pace of growth was the most pronounced in 2016 with an increase of 528%. Imports peaked at X tons in 2021, and then fell sharply in the following year.

In value terms, manifold business form imports reduced dramatically to $X in 2022. Over the period under review, imports, however, recorded strong growth. The pace of growth was the most pronounced in 2016 when imports increased by 616%. Imports peaked at $X in 2021, and then fell markedly in the following year.

Imports by Country

In 2022, China (X tons) constituted the largest manifold business form supplier to Kuwait, with a 46% share of total imports. It was followed by Germany (X kg), with a 1.5% share of total imports. The third position in this ranking was taken by the United States (X kg), with a 1% share.

From 2012 to 2022, the average annual rate of growth in terms of volume from China stood at +36.5%. The remaining supplying countries recorded the following average annual rates of imports growth: Germany (+11.9% per year) and the United States (+15.0% per year).

In value terms, China ($X) constituted the largest supplier of manifold business forms and interleaved carbon sets to Kuwait, comprising 34% of total imports. The second position in the ranking was taken by Germany ($X), with a 7.5% share of total imports. It was followed by the United States, with a 4.6% share.

From 2012 to 2022, the average annual rate of growth in terms of value from China stood at +25.3%. The remaining supplying countries recorded the following average annual rates of imports growth: Germany (+9.9% per year) and the United States (+14.2% per year).

Import Prices by Country

The average manifold business form import price stood at $X per ton in 2022, jumping by 17% against the previous year. Overall, the import price, however, recorded a abrupt setback. The growth pace was the most rapid in 2014 when the average import price increased by 27% against the previous year. The import price peaked at $X per ton in 2017; however, from 2018 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 Germany ($X per ton), while the price for China ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Indonesia (+18.3%), while the prices for the other major suppliers experienced a decline.

Source: IndexBox Platform

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