Kuwait: Market for Non-Cellular Plates, Sheets, Film, Foil and Strip of Plastics 2024

Market Size for Non-Cellular Plates, Sheets, Film, Foil and Strip of Plastics in Kuwait

In 2022, the Kuwaiti market for non-cellular plates, sheets, film, foil and strip of plastics decreased by -6.2% to $X, falling for the fourth year in a row after three years of growth. Overall, consumption, however, continues to indicate a remarkable increase. Over the period under review, the market attained the maximum level at $X in 2018; however, from 2019 to 2022, consumption remained at a lower figure.

Exports of Non-Cellular Plates, Sheets, Film, Foil and Strip of Plastics

Exports from Kuwait

Exports of non-cellular plates, sheets, film, foil and strip of plastics from Kuwait surged to X tons in 2022, growing by 126% compared with the previous year. Over the period under review, exports, however, saw a abrupt slump. The growth pace was the most rapid in 2015 when exports increased by 539%. As a result, the exports attained the peak of X tons. From 2016 to 2022, the growth of the exports of remained at a somewhat lower figure.

In value terms, exports of non-cellular plates, sheets, film, foil and strip of plastics surged to $X in 2022. Overall, exports, however, continue to indicate a drastic downturn. The most prominent rate of growth was recorded in 2015 with an increase of 690%. As a result, the exports attained the peak of $X. From 2016 to 2022, the growth of the exports of failed to regain momentum.

Exports by Country

Qatar (X tons), the United States (X tons) and Jordan (X tons) were the main destinations of exports of non-cellular plates, sheets, film, foil and strip of plastics from Kuwait, together comprising 99.9% of total exports.

From 2012 to 2022, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by the United States (with a CAGR of +206.0%), while the other leaders experienced more modest paces of growth.

In value terms, the largest markets for non-cellular plates, sheets, film, foil and strip of plastics exported from Kuwait were Qatar ($X), Jordan ($X) and the United States ($X), together accounting for 99.9% of total exports.

The United States, with a CAGR of +124.2%, recorded the highest growth rate of the value of exports, among the main countries of destination over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

The average export price for non-cellular plates, sheets, film, foil and strip of plastics stood at $X per ton in 2022, which is down by -21.3% against the previous year. In general, the export price, however, saw a relatively flat trend pattern. The most prominent rate of growth was recorded in 2021 when the average export price increased by 37%. As a result, the export price attained the peak level of $X per ton, and then shrank notably in the following year.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Jordan ($X per ton), while the average price for exports to the United States ($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 the United Arab Emirates (+16.6%), while the prices for the other major destinations experienced a decline.

Imports of Non-Cellular Plates, Sheets, Film, Foil and Strip of Plastics

Imports into Kuwait

In 2022, the amount of non-cellular plates, sheets, film, foil and strip of plastics imported into Kuwait reduced dramatically to X tons, which is down by -15.1% on the previous year's figure. Over the period under review, imports, however, recorded a tangible expansion. The most prominent rate of growth was recorded in 2018 when imports increased by 48% against the previous year. As a result, imports reached the peak of X tons. From 2019 to 2022, the growth of imports of failed to regain momentum.

In value terms, imports of non-cellular plates, sheets, film, foil and strip of plastics rose slightly to $X in 2022. Overall, total imports indicated a tangible increase from 2012 to 2022: its value increased at an average annual rate of +4.9% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports decreased by -11.2% against 2018 indices. The most prominent rate of growth was recorded in 2018 with an increase of 43% against the previous year. As a result, imports reached the peak of $X. From 2019 to 2022, the growth of imports of remained at a lower figure.

Imports by Country

China (X tons), India (X tons) and Turkey (X tons) were the main suppliers of imports of non-cellular plates, sheets, film, foil and strip of plastics to Kuwait, together comprising 70% of total imports.

From 2012 to 2022, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by Turkey (with a CAGR of +43.2%), while imports for the other leaders experienced more modest paces of growth.

In value terms, the largest non-cellular plates, sheets, film, foil and strip of plastics suppliers to Kuwait were China ($X), Turkey ($X) and India ($X), together comprising 56% of total imports.

Turkey, with a CAGR of +40.0%, recorded the highest rates of growth with regard to the value of imports, in terms of 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 2022, the average import price for non-cellular plates, sheets, film, foil and strip of plastics amounted to $X per ton, increasing by 21% against the previous year. In general, the import price continues to indicate slight growth. The growth pace was the most rapid in 2015 when the average import price increased by 23% against the previous year. As a result, import price reached the peak level of $X per ton. From 2016 to 2022, the average import prices failed to regain momentum.

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

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by China (+9.5%), while the prices for the other major suppliers experienced mixed trend patterns.

Source: IndexBox Platform