Kuwait: Market for Paints And Varnishes Dispersed Or Dissolved In A Non-Aqueous Medium 2025

Market Size for Paints And Varnishes Dispersed Or Dissolved In A Non-Aqueous Medium in Kuwait

The Kuwaiti non-aqueous paint and varnish market dropped to $X in 2022, shrinking by -11.8% 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). In general, the total consumption indicated buoyant growth from 2012 to 2022: its value increased at an average annual rate of +5.8% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, consumption increased by +14.5% against 2020 indices. Non-aqueous paint and varnish consumption peaked at $X in 2018; however, from 2019 to 2022, consumption remained at a lower figure.

Exports of Paints And Varnishes Dispersed Or Dissolved In A Non-Aqueous Medium

Exports from Kuwait

After two years of growth, overseas shipments of paints and varnishes dispersed or dissolved in a non-aqueous medium decreased by -2.3% to X tons in 2022. Over the period under review, exports saw a relatively flat trend pattern. The growth pace was the most rapid in 2020 with an increase of 268%. The exports peaked at X tons in 2021, and then dropped slightly in the following year.

In value terms, non-aqueous paint and varnish exports fell to $X in 2022. In general, exports, however, saw a measured increase. The pace of growth was the most pronounced in 2020 when exports increased by 261%. The exports peaked at $X in 2021, and then reduced in the following year.

Exports by Country

Iraq (X tons) was the main destination for non-aqueous paint and varnish exports from Kuwait, with a 45% share of total exports. Moreover, non-aqueous paint and varnish exports to Iraq exceeded the volume sent to the second major destination, Jordan (X tons), twofold. The third position in this ranking was held by the United Arab Emirates (X tons), with an 11% share.

From 2012 to 2022, the average annual growth rate of volume to Iraq amounted to +17.8%. Exports to the other major destinations recorded the following average annual rates of exports growth: Jordan (+22.0% per year) and the United Arab Emirates (-1.8% per year).

In value terms, Jordan ($X), the United Arab Emirates ($X) and Iraq ($X) were the largest markets for non-aqueous paint and varnish exported from Kuwait worldwide, together comprising 64% of total exports.

Jordan, with a CAGR of +27.9%, recorded the highest rates of growth with regard to the value of exports, in terms of 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

In 2022, the average non-aqueous paint and varnish export price amounted to $X per ton, dropping by -5.2% against the previous year. Over the period from 2012 to 2022, it increased at an average annual rate of +3.3%. The pace of growth appeared the most rapid in 2015 when the average export price increased by 19% against the previous year. Over the period under review, the average export prices reached the peak figure at $X per ton in 2018; however, from 2019 to 2022, the export prices stood at a somewhat lower figure.

There were significant differences in the average prices for the major overseas markets. In 2022, amid the top suppliers, the country with the highest price was the United Arab Emirates ($X per ton), while the average price for exports to Iraq ($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 Syrian Arab Republic (+6.8%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Paints And Varnishes Dispersed Or Dissolved In A Non-Aqueous Medium

Imports into Kuwait

In 2022, imports of paints and varnishes dispersed or dissolved in a non-aqueous medium into Kuwait dropped to X tons, with a decrease of -10.8% compared with 2021 figures. Overall, total imports indicated resilient growth from 2012 to 2022: its volume increased at an average annual rate of +5.1% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +13.3% against 2020 indices. The pace of growth was the most pronounced in 2017 when imports increased by 108%. Imports peaked at X tons in 2018; however, from 2019 to 2022, imports failed to regain momentum.

In value terms, non-aqueous paint and varnish imports dropped to $X in 2022. In general, total imports indicated prominent growth from 2012 to 2022: its value increased at an average annual rate of +5.6% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +15.1% against 2020 indices. The growth pace was the most rapid in 2017 when imports increased by 103%. Over the period under review, imports attained the peak figure at $X in 2018; however, from 2019 to 2022, imports stood at a somewhat lower figure.

Imports by Country

In 2022, the United Arab Emirates (X tons) constituted the largest supplier of non-aqueous paint and varnish to Kuwait, accounting for a 88% share of total imports. It was followed by Lebanon (X tons), with a 2.2% share of total imports. Jordan (X tons) ranked third in terms of total imports with a 1.7% share.

From 2012 to 2022, the average annual growth rate of volume from the United Arab Emirates amounted to +6.6%. The remaining supplying countries recorded the following average annual rates of imports growth: Lebanon (-2.3% per year) and Jordan (+13.9% per year).

In value terms, the United Arab Emirates ($X) constituted the largest supplier of paints and varnishes dispersed or dissolved in a non-aqueous medium to Kuwait, comprising 77% of total imports. The second position in the ranking was held by Egypt ($X), with a 4.3% share of total imports. It was followed by Lebanon, with a 2.2% share.

From 2012 to 2022, the average annual growth rate of value from the United Arab Emirates amounted to +9.2%. The remaining supplying countries recorded the following average annual rates of imports growth: Egypt (+4.0% per year) and Lebanon (-1.4% per year).

Import Prices by Country

In 2022, the average non-aqueous paint and varnish import price amounted to $X per ton, remaining stable against the previous year. In general, the import price, however, recorded a relatively flat trend pattern. The most prominent rate of growth was recorded in 2016 when the average import price increased by 17% against the previous year. As a result, import price reached the peak level of $X per ton. From 2017 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 Egypt ($X per ton), while the price for the United Arab Emirates ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Jordan (+4.3%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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