Kuwait: Market for Paint, Distemper, Varnish Or Similar Brushes, Paint Pads And Rollers 2024

Market Size for Paint, Distemper, Varnish Or Similar Brushes, Paint Pads And Rollers in Kuwait

The Kuwaiti market for paint, distemper, varnish or similar brushes, paint pads and rollers was finally on the rise to reach $X in 2021, after two years of decline. Overall, the total consumption indicated a buoyant increase from 2012 to 2021: its value increased at an average annual rate of +7.9% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. As a result, consumption reached the peak level and is likely to continue growth in the immediate term.

Exports of Paint, Distemper, Varnish Or Similar Brushes, Paint Pads And Rollers

Exports from Kuwait

In 2021, exports of paint, distemper, varnish or similar brushes, paint pads and rollers from Kuwait shrank significantly to X units, waning by -16.1% against 2020. In general, exports, however, saw a prominent expansion. The pace of growth appeared the most rapid in 2013 when exports increased by 1,675%. As a result, the exports attained the peak of X units. From 2014 to 2021, the growth of the exports of remained at a somewhat lower figure.

In value terms, exports of paint, distemper, varnish or similar brushes, paint pads and rollers declined significantly to $X in 2021. Overall, exports recorded a noticeable decrease. The growth pace was the most rapid in 2013 when exports increased by 1,016%. As a result, the exports reached the peak of $X. From 2014 to 2021, the growth of the exports of remained at a somewhat lower figure.

Exports by Country

Iran (X units), Oman (X units) and the United Arab Emirates (X units) were the main destinations of exports of paint, distemper, varnish or similar brushes, paint pads and rollers from Kuwait, together accounting for 97% of total exports.

From 2012 to 2021, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by Iran (with a CAGR of +27.3%), while the other leaders experienced mixed trend patterns.

In value terms, Oman ($X), the United Arab Emirates ($X) and Qatar ($X) constituted the largest markets for paint, distemper, varnish or similar brush, paint pad and roller exported from Kuwait worldwide, together comprising 84% of total exports. These countries were followed by Iran, which accounted for a further 8.9%.

Iran, with a CAGR of +21.2%, recorded the highest growth rate of the value of exports, among the main countries of destination over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

The average export price for paint, distemper, varnish or similar brushes, paint pads and rollers stood at $X per unit in 2021, waning by -29.2% against the previous year. Over the period under review, the export price faced a deep downturn. The pace of growth appeared the most rapid in 2017 an increase of 194%. As a result, the export price attained the peak level of $X per unit. From 2018 to 2021, the average export prices remained at a somewhat lower figure.

There were significant differences in the average prices for the major export markets. In 2021, amid the top suppliers, the country with the highest price was Qatar ($X per unit), while the average price for exports to Iran ($X per unit) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was recorded for supplies to Iraq (+39.5%), while the prices for the other major destinations experienced mixed trend patterns.

Imports of Paint, Distemper, Varnish Or Similar Brushes, Paint Pads And Rollers

Imports into Kuwait

In 2021, purchases abroad of paint, distemper, varnish or similar brushes, paint pads and rollers increased by 48% to X units for the first time since 2018, thus ending a two-year declining trend. Overall, total imports indicated a buoyant expansion from 2012 to 2021: its volume increased at an average annual rate of +5.2% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. The pace of growth was the most pronounced in 2018 when imports increased by 60% against the previous year. Over the period under review, imports of hit record highs in 2021 and are expected to retain growth in the near future.

In value terms, imports of paint, distemper, varnish or similar brushes, paint pads and rollers surged to $X in 2021. In general, imports recorded a prominent increase. As a result, imports reached the peak and are likely to continue growth in the immediate term.

Imports by Country

Italy (X units), China (X units) and the United Arab Emirates (X units) were the main suppliers of imports of paint, distemper, varnish or similar brushes, paint pads and rollers to Kuwait, together comprising 50% of total imports. These countries were followed by the UK, India and Japan, which together accounted for a further 3.7%.

From 2012 to 2021, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by India (with a CAGR of +44.2%), while imports for the other leaders experienced more modest paces of growth.

In value terms, Italy ($X), China ($X) and Japan ($X) constituted the largest paint, distemper, varnish or similar brush, paint pad and roller suppliers to Kuwait, with a combined 54% share of total imports.

Among the main suppliers, Japan, with a CAGR of +29.5%, saw the highest rates of growth with regard to the value of imports, over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

The average import price for paint, distemper, varnish or similar brushes, paint pads and rollers stood at $X per unit in 2021, with an increase of 52% against the previous year. In general, import price indicated a noticeable expansion from 2012 to 2021: its price increased at an average annual rate of +3.7% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, import price for paint, distemper, varnish or similar brushes, paint pads and rollers increased by +72.5% against 2019 indices. Over the period under review, average import prices reached the peak figure at $X per unit in 2017; however, from 2018 to 2021, import prices failed to regain momentum.

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

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by China (+11.5%), while the prices for the other major suppliers experienced mixed trend patterns.

Source: IndexBox Platform