Kuwait: Market for Non-Refractory Clay Constructional Products 2024

Market Size for Non-Refractory Clay Constructional Products in Kuwait

The Kuwaiti non-refractory clay constructional products market rose sharply to $X in 2022, surging by 7.1% against the previous year. Overall, consumption continues to indicate a relatively flat trend pattern. Non-refractory clay constructional products consumption peaked at $X in 2017; however, from 2018 to 2022, consumption stood at a somewhat lower figure.

Production of Non-Refractory Clay Constructional Products in Kuwait

In value terms, non-refractory clay constructional products production expanded rapidly to $X in 2022 estimated in export price. In general, the total production indicated a modest expansion from 2012 to 2022: its value increased at an average annual rate of +1.2% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, production decreased by -5.9% against 2020 indices. The pace of growth was the most pronounced in 2017 when the production volume increased by 38% against the previous year. As a result, production attained the peak level of $X. From 2018 to 2022, production growth remained at a somewhat lower figure.

Exports of Non-Refractory Clay Constructional Products

Exports from Kuwait

After two years of growth, shipments abroad of non-refractory clay constructional products decreased by -36.2% to X tons in 2022. Over the period under review, exports continue to indicate a abrupt descent. The most prominent rate of growth was recorded in 2016 with an increase of 7,271% against the previous year. As a result, the exports attained the peak of X tons. From 2017 to 2022, the growth of the exports remained at a somewhat lower figure.

In value terms, non-refractory clay constructional products exports contracted remarkably to $X in 2022. In general, exports saw a abrupt setback. The most prominent rate of growth was recorded in 2016 when exports increased by 8,048% against the previous year. As a result, the exports attained the peak of $X. From 2017 to 2022, the growth of the exports remained at a somewhat lower figure.

Exports by Country

Qatar (X tons) was the main destination for non-refractory clay constructional products exports from Kuwait, accounting for a 99% share of total exports. It was followed by the United Arab Emirates (X kg), with a 0.8% share of total exports.

From 2012 to 2022, the average annual growth rate of volume to Qatar amounted to +6.0%. Exports to the other major destinations recorded the following average annual rates of exports growth: the United Arab Emirates (-41.8% per year) and South Korea (-80.0% per year).

In value terms, Qatar ($X) remains the key foreign market for non-refractory clay constructional products exports from Kuwait, comprising 99% of total exports. The second position in the ranking was held by the United Arab Emirates ($X), with a 0.9% share of total exports.

From 2012 to 2022, the average annual growth rate of value to Qatar stood at -1.7%. Exports to the other major destinations recorded the following average annual rates of exports growth: the United Arab Emirates (-33.7% per year) and South Korea (-82.1% per year).

Export Prices by Country

The average non-refractory clay constructional products export price stood at $X per ton in 2022, surging by 4.5% against the previous year. Overall, the export price posted a pronounced increase. The pace of growth was the most pronounced in 2017 an increase of 107% against the previous year. As a result, the export price reached the peak level of $X per ton. From 2018 to 2022, the average export prices remained at a lower figure.

There were significant differences in the average prices for the major export markets. In 2022, amid the top suppliers, the country with the highest price was South Korea ($X per ton), while the average price for exports to Qatar ($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 (+14.0%), while the prices for the other major destinations experienced a decline.

Imports of Non-Refractory Clay Constructional Products

Imports into Kuwait

In 2022, after two years of growth, there was decline in supplies from abroad of non-refractory clay constructional products, when their volume decreased by -0.2% to X tons. Overall, imports, however, showed a relatively flat trend pattern. The most prominent rate of growth was recorded in 2014 when imports increased by 686% against the previous year. As a result, imports reached the peak of X tons. From 2015 to 2022, the growth of imports failed to regain momentum.

In value terms, non-refractory clay constructional products imports shrank dramatically to $X in 2022. In general, imports, however, recorded a notable expansion. The pace of growth appeared the most rapid in 2014 when imports increased by 631% against the previous year. As a result, imports attained the peak of $X. From 2015 to 2022, the growth of imports failed to regain momentum.

Imports by Country

Italy (X tons), Germany (X tons) and China (X tons) were the main suppliers of non-refractory clay constructional products imports to Kuwait, with a combined 90% share of total imports.

From 2012 to 2022, the biggest increases were recorded for Germany (with a CAGR of +77.9%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, the largest non-refractory clay constructional products suppliers to Kuwait were Germany ($X), China ($X) and Italy ($X), together accounting for 82% of total imports.

Germany, with a CAGR of +48.7%, saw the highest rates of growth with regard to the value of imports, among the main suppliers over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

The average non-refractory clay constructional products import price stood at $X per ton in 2022, waning by -26% against the previous year. In general, the import price, however, showed a notable increase. The pace of growth appeared the most rapid in 2019 when the average import price increased by 99% against the previous year. As a result, import price attained the peak level of $X per ton. From 2020 to 2022, the average import prices remained at a lower figure.

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 Spain ($X per ton), while the price for Saudi Arabia ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Egypt (-0.3%), while the prices for the other major suppliers experienced a decline.

Source: IndexBox Platform

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