Kuwait: Market for Multiple-Walled Insulating Units Of Glass 2024

Market Size for Multiple-Walled Insulating Units Of Glass in Kuwait

The Kuwaiti multiple-walled insulating glass unit market was finally on the rise to reach $X in 2021, after two years of decline. Overall, consumption posted a significant increase. Over the period under review, the market reached the maximum level at $X in 2018; however, from 2019 to 2021, consumption failed to regain momentum.

Exports of Multiple-Walled Insulating Units Of Glass

Exports from Kuwait

In 2021, shipments abroad of multiple-walled insulating units of glass was finally on the rise to reach X square meters after five years of decline. Overall, exports, however, showed a precipitous descent. The exports peaked at X square meters in 2012; however, from 2013 to 2021, the exports stood at a somewhat lower figure.

In value terms, multiple-walled insulating glass unit exports soared to $X in 2021. In general, exports, however, faced a significant contraction. Over the period under review, the exports reached the peak figure at $X in 2012; however, from 2013 to 2021, the exports failed to regain momentum.

Exports by Country

Jordan (X square meters), the United Arab Emirates (X square meters) and Qatar (X square meters) were the main destinations of multiple-walled insulating glass unit exports from Kuwait, with a combined 81% share of total exports.

From 2012 to 2021, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by the United Arab Emirates (with a CAGR of +4.6%), while the other leaders experienced more modest paces of growth.

In value terms, Qatar ($X), Bahrain ($X) and Jordan ($X) constituted the largest markets for multiple-walled insulating glass unit exported from Kuwait worldwide, together comprising 75% of total exports. These countries were followed by the United Arab Emirates, China, Pakistan and Oman, which together accounted for a further 23%.

Among the main countries of destination, Oman, with a CAGR of +2,200.0%, saw the highest rates of growth with regard to 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 multiple-walled insulating glass unit export price stood at $X per square meter in 2021, increasing by 22% against the previous year. Over the period under review, the export price, however, showed a slight shrinkage. The most prominent rate of growth was recorded in 2016 an increase of 85%. As a result, the export price attained the peak level of $X per square meter. From 2017 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 Bahrain ($X per square meter), while the average price for exports to Pakistan ($X per square meter) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was recorded for supplies to Oman (+64.6%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Multiple-Walled Insulating Units Of Glass

Imports into Kuwait

After two years of decline, overseas purchases of multiple-walled insulating units of glass increased by 268% to X square meters in 2021. Overall, imports saw significant growth. The growth pace was the most rapid in 2013 when imports increased by 511% against the previous year. Imports peaked in 2021 and are expected to retain growth in the immediate term.

In value terms, multiple-walled insulating glass unit imports surged to $X in 2021. Over the period under review, imports enjoyed a significant expansion. The most prominent rate of growth was recorded in 2013 when imports increased by 583% against the previous year. Imports peaked at $X in 2018; however, from 2019 to 2021, imports failed to regain momentum.

Imports by Country

The United Arab Emirates (X square meters), Bahrain (X square meters) and Saudi Arabia (X square meters) were the main suppliers of multiple-walled insulating glass unit imports to Kuwait, with a combined 89% share of total imports.

From 2012 to 2021, the biggest increases were recorded for Bahrain (with a CAGR of +109.1%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, the United Arab Emirates ($X) constituted the largest supplier of multiple-walled insulating units of glass to Kuwait, comprising 45% of total imports. The second position in the ranking was held by Bahrain ($X), with a 21% share of total imports. It was followed by Canada, with a 12% share.

From 2012 to 2021, the average annual rate of growth in terms of value from the United Arab Emirates stood at +20.5%. The remaining supplying countries recorded the following average annual rates of imports growth: Bahrain (+53.9% per year) and Canada (+44.7% per year).

Import Prices by Country

The average multiple-walled insulating glass unit import price stood at $X per square meter in 2021, which is down by -40.4% against the previous year. Overall, the import price saw a abrupt decrease. The pace of growth was the most pronounced in 2018 when the average import price increased by 19% against the previous year. The import price peaked at $X per square meter in 2019; however, from 2020 to 2021, import prices failed to regain momentum.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Canada ($X per square meter), while the price for Saudi Arabia ($X per square meter) was amongst the lowest.

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

Source: IndexBox Platform

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