Kuwait: Non-Cellular Polypropylene Film Market 2024

Non-Cellular Polypropylene Film Market Size in Kuwait

The Kuwaiti non-cellular polypropylene film market expanded markedly to $X in 2021, increasing by 6.1% against the previous year. Overall, the total consumption indicated a strong expansion from 2012 to 2021: its value increased at an average annual rate of +7.3% 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 +15.8% against 2018 indices. Non-cellular polypropylene film consumption peaked at $X in 2017; however, from 2018 to 2021, consumption failed to regain momentum.

Non-Cellular Polypropylene Film Production in Kuwait

In value terms, non-cellular polypropylene film production rose slightly to $X in 2021 estimated in export price. Overall, production, however, posted a strong expansion. The most prominent rate of growth was recorded in 2015 with an increase of 67%. Non-cellular polypropylene film production peaked at $X in 2017; however, from 2018 to 2021, production remained at a lower figure.

Non-Cellular Polypropylene Film Exports

Exports from Kuwait

In 2021, shipments abroad of non-cellular polypropylene films, sheets, foil and strip increased by 18% to X tons, rising for the third consecutive year after four years of decline. In general, exports, however, faced a sharp reduction. The pace of growth was the most pronounced in 2020 when exports increased by 40% against the previous year. The exports peaked at X tons in 2014; however, from 2015 to 2021, the exports stood at a somewhat lower figure.

In value terms, non-cellular polypropylene film exports surged to $X in 2021. Over the period under review, exports, however, faced a significant decrease. The exports peaked at $X in 2012; however, from 2013 to 2021, the exports remained at a lower figure.

Exports by Country

Jordan (X tons), Qatar (X tons) and the United Arab Emirates (X tons) were the main destinations of non-cellular polypropylene film exports from Kuwait.

From 2012 to 2021, the biggest increases were recorded for Qatar (with a CAGR of +118.7%), while shipments for the other leaders experienced mixed trend patterns.

In value terms, the largest markets for non-cellular polypropylene film exported from Kuwait were the United Arab Emirates ($X), Jordan ($X) and Qatar ($X).

Among the main countries of destination, Qatar, with a CAGR of +74.9%, 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 a decline.

Export Prices by Country

In 2021, the average non-cellular polypropylene film export price amounted to $X per ton, with an increase of 20% against the previous year. In general, the export price showed a relatively flat trend pattern. The pace of growth was the most pronounced in 2017 an increase of 91% against the previous year. As a result, the export price reached the peak level of $X per ton. From 2018 to 2021, the average export prices failed to regain momentum.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was the United Arab Emirates ($X per ton), while the average price for exports to Qatar ($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 (+4.3%), while the prices for the other major destinations experienced a decline.

Non-Cellular Polypropylene Film Imports

Imports into Kuwait

In 2021, purchases abroad of non-cellular polypropylene films, sheets, foil and strip was finally on the rise to reach X tons after two years of decline. Over the period under review, total imports indicated strong growth from 2012 to 2021: its volume increased at an average annual rate of +5.9% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. As a result, imports attained the peak and are likely to continue growth in the immediate term.

In value terms, non-cellular polypropylene film imports expanded rapidly to $X in 2021. The total import value increased at an average annual rate of +4.8% from 2012 to 2021; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The pace of growth was the most pronounced in 2014 when imports increased by 18%. Over the period under review, imports attained the peak figure at $X in 2018; however, from 2019 to 2021, imports failed to regain momentum.

Imports by Country

In 2021, India (X tons) constituted the largest non-cellular polypropylene film supplier to Kuwait, accounting for a 46% share of total imports. Moreover, non-cellular polypropylene film imports from India exceeded the figures recorded by the second-largest supplier, Saudi Arabia (X tons), threefold. The third position in this ranking was taken by the United Arab Emirates (X tons), with a 15% share.

From 2012 to 2021, the average annual growth rate of volume from India totaled +16.4%. The remaining supplying countries recorded the following average annual rates of imports growth: Saudi Arabia (+20.1% per year) and the United Arab Emirates (-11.5% per year).

In value terms, India ($X) constituted the largest supplier of non-cellular polypropylene films, sheets, foil and strip to Kuwait, comprising 45% of total imports. The second position in the ranking was taken by Saudi Arabia ($X), with a 17% share of total imports. It was followed by the United Arab Emirates, with a 14% share.

From 2012 to 2021, the average annual growth rate of value from India amounted to +14.6%. The remaining supplying countries recorded the following average annual rates of imports growth: Saudi Arabia (+23.6% per year) and the United Arab Emirates (-13.2% per year).

Import Prices by Country

The average non-cellular polypropylene film import price stood at $X per ton in 2021, waning by -16.6% against the previous year. Overall, the import price recorded a slight reduction. The pace of growth appeared the most rapid in 2015 an increase of 11%. Over the period under review, average import prices attained the peak figure at $X per ton in 2016; however, from 2017 to 2021, import prices stood at a somewhat lower figure.

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

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Oman (+18.0%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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