Kuwait: Market for Other Plastic Tubes, Pipes and Hoses 2024

Market Size for Other Plastic Tubes, Pipes and Hoses in Kuwait

The Kuwaiti market for other plastic tubes, pipes and hoses shrank to $X in 2022, waning by -9.2% against the previous year. Over the period under review, consumption, however, enjoyed a buoyant expansion. Consumption of peaked at $X in 2019; however, from 2020 to 2022, consumption stood at a somewhat lower figure.

Production of Other Plastic Tubes, Pipes and Hoses in Kuwait

In value terms, production of other plastic tubes, pipes and hoses reduced to $X in 2022 estimated in export price. Over the period under review, production, however, recorded strong growth. The growth pace was the most rapid in 2016 when the production volume increased by 453%. Production of peaked at $X in 2019; however, from 2020 to 2022, production failed to regain momentum.

Exports of Other Plastic Tubes, Pipes and Hoses

Exports from Kuwait

In 2022, exports of other plastic tubes, pipes and hoses from Kuwait shrank dramatically to X tons, with a decrease of -37.3% on the year before. In general, exports continue to indicate a abrupt contraction. The most prominent rate of growth was recorded in 2021 with an increase of 343% against the previous year. The exports peaked at X tons in 2014; however, from 2015 to 2022, the exports remained at a lower figure.

In value terms, exports of other plastic tubes, pipes and hoses plummeted to $X in 2022. Over the period under review, exports faced a abrupt downturn. The most prominent rate of growth was recorded in 2021 with an increase of 337% against the previous year. Over the period under review, the exports of reached the maximum at $X in 2014; however, from 2015 to 2022, the exports stood at a somewhat lower figure.

Exports by Country

Jordan (X tons) was the main destination for exports of other plastic tubes, pipes and hoses from Kuwait, with a 58% share of total exports. Moreover, exports of other plastic tubes, pipes and hoses to Jordan exceeded the volume sent to the second major destination, Iraq (X tons), threefold. The third position in this ranking was held by Lebanon (X tons), with an 11% share.

From 2012 to 2022, the average annual rate of growth in terms of volume to Jordan totaled -10.1%. Exports to the other major destinations recorded the following average annual rates of exports growth: Iraq (-14.5% per year) and Lebanon (+1.7% per year).

In value terms, Jordan ($X) emerged as the key foreign market for other plastic tubes, pipes and hoses exports from Kuwait, comprising 57% of total exports. The second position in the ranking was held by Iraq ($X), with a 23% share of total exports. It was followed by Lebanon, with an 8.5% share.

From 2012 to 2022, the average annual rate of growth in terms of value to Jordan amounted to -10.7%. Exports to the other major destinations recorded the following average annual rates of exports growth: Iraq (-11.8% per year) and Lebanon (-2.1% per year).

Export Prices by Country

In 2022, the average export price for other plastic tubes, pipes and hoses amounted to $X per ton, declining by -2% against the previous year. Over the period under review, the export price recorded a relatively flat trend pattern. The most prominent rate of growth was recorded in 2017 when the average export price increased by 15%. As a result, the export price reached the peak level of $X per ton. From 2018 to 2022, 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 Iraq ($X per ton), while the average price for exports to Pakistan ($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 Iraq (+3.1%), while the prices for the other major destinations experienced mixed trend patterns.

Imports of Other Plastic Tubes, Pipes and Hoses

Imports into Kuwait

In 2022, the amount of other plastic tubes, pipes and hoses imported into Kuwait dropped dramatically to X tons, with a decrease of -20.2% on the year before. Overall, imports saw a relatively flat trend pattern. The most prominent rate of growth was recorded in 2013 with an increase of 90% against the previous year. Imports peaked at X tons in 2014; however, from 2015 to 2022, imports stood at a somewhat lower figure.

In value terms, imports of other plastic tubes, pipes and hoses fell to $X in 2022. Over the period under review, imports saw a relatively flat trend pattern. The pace of growth was the most pronounced in 2021 when imports increased by 41%. Imports peaked at $X in 2016; however, from 2017 to 2022, imports failed to regain momentum.

Imports by Country

Italy (X tons), China (X tons) and Bahrain (X tons) were the main suppliers of imports of other plastic tubes, pipes and hoses to Kuwait, with a combined 65% share of total imports.

From 2012 to 2022, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by Bahrain (with a CAGR of +22.3%), while imports for the other leaders experienced more modest paces of growth.

In value terms, China ($X), Italy ($X) and Bahrain ($X) were the largest other plastic tubes, pipes and hoses suppliers to Kuwait, with a combined 57% share of total imports.

Bahrain, with a CAGR of +25.5%, recorded the highest growth rate of 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 other plastic tubes, pipes and hoses amounted to $X per ton, with an increase of 7.2% against the previous year. Overall, the import price, however, showed a relatively flat trend pattern. The most prominent rate of growth was recorded in 2020 when the average import price increased by 22%. As a result, import price reached the peak level of $X per ton. From 2021 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 France ($X per ton), while the price for Saudi Arabia ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Turkey (+6.4%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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