Kuwait: Office Supply Market 2024

Office Supply Market Size in Kuwait

The Kuwaiti office supply market surged to $X in 2022, with an increase of 20% against the previous year. This figure reflects the total revenues of producers and importers (excluding logistics costs, retail marketing costs, and retailers' margins, which will be included in the final consumer price). Over the period under review, consumption, however, saw a perceptible contraction. Office supply consumption peaked at $X in 2014; however, from 2015 to 2022, consumption stood at a somewhat lower figure.

Office Supply Exports

Exports from Kuwait

Office supply exports from Kuwait dropped dramatically to X tons in 2022, with a decrease of -46.3% against the previous year. In general, exports showed a abrupt decrease. The most prominent rate of growth was recorded in 2021 with an increase of 1,266% against the previous year. The exports peaked at X tons in 2018; however, from 2019 to 2022, the exports stood at a somewhat lower figure.

In value terms, office supply exports dropped sharply to $X in 2022. Over the period under review, exports showed a abrupt contraction. The pace of growth appeared the most rapid in 2021 when exports increased by 1,699% against the previous year. Over the period under review, the exports reached the peak figure at $X in 2018; however, from 2019 to 2022, the exports remained at a lower figure.

Exports by Country

Qatar (X tons) was the main destination for office supply exports from Kuwait, accounting for a 82% share of total exports. Moreover, office supply exports to Qatar exceeded the volume sent to the second major destination, Saudi Arabia (X tons), fivefold.

From 2012 to 2022, the average annual growth rate of volume to Qatar totaled +12.3%. Exports to the other major destinations recorded the following average annual rates of exports growth: Saudi Arabia (-30.9% per year) and the United Arab Emirates (-47.9% per year).

In value terms, Qatar ($X) remains the key foreign market for office or school supplies of plastics exports from Kuwait, comprising 79% of total exports. The second position in the ranking was held by Saudi Arabia ($X), with a 19% share of total exports.

From 2012 to 2022, the average annual growth rate of value to Qatar stood at +9.2%. Exports to the other major destinations recorded the following average annual rates of exports growth: Saudi Arabia (-28.3% per year) and the United Arab Emirates (-45.1% per year).

Export Prices by Country

In 2022, the average office supply export price amounted to $X per ton, dropping by -1.6% against the previous year. Over the period under review, export price indicated a modest increase from 2012 to 2022: its price increased at an average annual rate of +1.7% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, office supply export price increased by +8.2% against 2018 indices. The most prominent rate of growth was recorded in 2018 an increase of 61%. Over the period under review, the average export prices reached the maximum at $X per ton in 2021, and then dropped slightly in the following year.

Average prices varied somewhat for the major foreign markets. In 2022, 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 2022, the most notable rate of growth in terms of prices was recorded for supplies to the United Arab Emirates (+5.2%), while the prices for the other major destinations experienced mixed trend patterns.

Office Supply Imports

Imports into Kuwait

After five years of decline, overseas purchases of office or school supplies of plastics increased by 12% to X tons in 2022. Over the period under review, imports, however, saw a perceptible reduction. The most prominent rate of growth was recorded in 2013 with an increase of 23%. Over the period under review, imports attained the maximum at X tons in 2014; however, from 2015 to 2022, imports remained at a lower figure.

In value terms, office supply imports reached $X in 2022. Overall, imports, however, saw a perceptible decrease. The pace of growth was the most pronounced in 2013 when imports increased by 26%. Imports peaked at $X in 2014; however, from 2015 to 2022, imports failed to regain momentum.

Imports by Country

China (X tons), the United Arab Emirates (X tons) and India (X tons) were the main suppliers of office supply imports to Kuwait, together comprising 87% of total imports.

From 2012 to 2022, the biggest increases were recorded for India (with a CAGR of +4.8%), while purchases for the other leaders experienced a decline.

In value terms, China ($X) constituted the largest supplier of office or school supplies of plastics to Kuwait, comprising 53% of total imports. The second position in the ranking was taken by the United Arab Emirates ($X), with an 18% share of total imports. It was followed by India, with a 5.1% share.

From 2012 to 2022, the average annual rate of growth in terms of value from China totaled -5.4%. The remaining supplying countries recorded the following average annual rates of imports growth: the United Arab Emirates (-17.5% per year) and India (+5.6% per year).

Import Prices by Country

In 2022, the average office supply import price amounted to $X per ton, increasing by 3% against the previous year. Over the period under review, the import price saw a relatively flat trend pattern. The most prominent rate of growth was recorded in 2018 when the average import price increased by 9.1% against the previous year. The import price peaked at $X per ton in 2020; however, from 2021 to 2022, 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 the United States ($X per ton), while the price for the United Arab Emirates ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Taiwan (Chinese) (+19.4%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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