Kuwait: Market for Non-Woven Glass Fibre Webs, Felts, Mattresses And Boards 2024

Market Size for Non-Woven Glass Fibre Webs, Felts, Mattresses And Boards in Kuwait

After two years of decline, the Kuwaiti non-woven glass fibre articles market increased by 103% to $X in 2021. Over the period under review, the total consumption indicated a strong increase from 2012 to 2021: its value increased at an average annual rate of +5.5% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. As a result, consumption attained the peak level and is likely to continue growth in the immediate term.

Production of Non-Woven Glass Fibre Webs, Felts, Mattresses And Boards in Kuwait

In value terms, non-woven glass fibre articles production surged to $X in 2021 estimated in export price. In general, production, however, faced a abrupt downturn. Non-woven glass fibre articles production peaked at $X in 2012; however, from 2013 to 2021, production failed to regain momentum.

Exports of Non-Woven Glass Fibre Webs, Felts, Mattresses And Boards

Exports from Kuwait

Non-woven glass fibre articles exports from Kuwait declined rapidly to X tons in 2021, falling by -28.5% against 2020. Overall, exports faced a sharp setback. The smallest decline of -15.8% was in 2016. Over the period under review, the exports reached the maximum at X tons in 2012; however, from 2013 to 2021, the exports stood at a somewhat lower figure.

In value terms, non-woven glass fibre articles exports shrank notably to $X in 2021. Over the period under review, exports continue to indicate a precipitous decrease. The smallest decline of -17.2% was in 2018. The exports peaked at $X in 2012; however, from 2013 to 2021, the exports failed to regain momentum.

Exports by Country

Qatar (X tons), Indonesia (X tons) and Saudi Arabia (X tons) were the main destinations of non-woven glass fibre articles exports from Kuwait, together accounting for 62% of total exports. The United Arab Emirates, Bahrain, Oman, Singapore, Egypt, Iraq, Bangladesh and Iran lagged somewhat behind, together comprising a further 28%.

From 2012 to 2021, the biggest increases were recorded for Singapore (with a CAGR of +44.2%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, Qatar ($X), Iran ($X) and Saudi Arabia ($X) constituted the largest markets for non-woven glass fibre articles exported from Kuwait worldwide, with a combined 53% share of total exports. These countries were followed by the United Arab Emirates, Indonesia, Bahrain, Oman, Singapore, Egypt, Iraq and Bangladesh, which together accounted for a further 38%.

In terms of the main countries of destination, Singapore, with a CAGR of +48.0%, recorded the highest growth rate of 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

In 2021, the average non-woven glass fibre articles export price amounted to $X per ton, growing by 3.4% against the previous year. Over the period under review, the export price, however, showed a pronounced decline. Over the period under review, the average export prices hit record highs at $X per ton in 2012; however, from 2013 to 2021, the export prices stood at a somewhat lower figure.

Prices varied noticeably country of destination: the country with the highest price was Iran ($X per ton), while the average price for exports to Indonesia ($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 Iran (+44.9%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Non-Woven Glass Fibre Webs, Felts, Mattresses And Boards

Imports into Kuwait

In 2021, after three years of decline, there was significant growth in purchases abroad of non-woven glass fibre webs, felts, mattresses and boards, when their volume increased by 27% to X tons. Over the period under review, imports, however, recorded a noticeable contraction. The growth pace was the most rapid in 2014 with an increase of 512%. Imports peaked at X tons in 2015; however, from 2016 to 2021, imports remained at a lower figure.

In value terms, non-woven glass fibre articles imports surged to $X in 2021. Overall, imports saw a perceptible increase. The most prominent rate of growth was recorded in 2014 with an increase of 678% against the previous year. Imports peaked at $X in 2015; however, from 2016 to 2021, imports remained at a lower figure.

Imports by Country

In 2021, China (X tons) constituted the largest non-woven glass fibre articles supplier to Kuwait, accounting for a 69% share of total imports. Moreover, non-woven glass fibre articles imports from China exceeded the figures recorded by the second-largest supplier, Saudi Arabia (X tons), more than tenfold. The third position in this ranking was taken by Switzerland (X tons), with a 3.8% share.

From 2012 to 2021, the average annual rate of growth in terms of volume from China stood at -2.4%. The remaining supplying countries recorded the following average annual rates of imports growth: Saudi Arabia (-1.7% per year) and Switzerland (+87.9% per year).

In value terms, China ($X) constituted the largest supplier of non-woven glass fibre webs, felts, mattresses and boards to Kuwait, comprising 45% of total imports. The second position in the ranking was held by Sweden ($X), with a 6.2% share of total imports. It was followed by Switzerland, with a 5.8% share.

From 2012 to 2021, the average annual growth rate of value from China totaled +8.1%. The remaining supplying countries recorded the following average annual rates of imports growth: Sweden (+34.1% per year) and Switzerland (+48.3% per year).

Import Prices by Country

In 2021, the average non-woven glass fibre articles import price amounted to $X per ton, jumping by 45% against the previous year. Over the period under review, import price indicated a remarkable increase from 2012 to 2021: its price increased at an average annual rate of +8.0% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, non-woven glass fibre articles import price increased by +87.4% against 2018 indices. As a result, import price attained the peak level and is likely to continue growth in the immediate term.

There were significant differences in the average prices amongst the major supplying countries. In 2021, the country with the highest price was Sweden ($X per ton), while the price for Iran ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by China (+10.8%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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