Kuwait: Particle Board Market 2025

Particle Board Market Size in Kuwait

In 2022, the Kuwaiti particle board market decreased by -10.2% to $X for the first time since 2016, thus ending a five-year rising trend. Over the period under review, consumption, however, saw significant growth. Over the period under review, the market reached the peak level at $X in 2021, and then contracted in the following year.

Particle Board Exports

Exports from Kuwait

Particle board exports from Kuwait fell modestly to X cubic meters in 2022, reducing by -4.8% against the previous year's figure. Overall, exports continue to indicate a deep reduction. The growth pace was the most rapid in 2019 with an increase of 75% against the previous year. Over the period under review, the exports reached the peak figure at X cubic meters in 2013; however, from 2014 to 2022, the exports stood at a somewhat lower figure.

In value terms, particle board exports skyrocketed to $X in 2022. Over the period under review, exports saw a abrupt contraction. The most prominent rate of growth was recorded in 2019 when exports increased by 273%. The exports peaked at $X in 2012; however, from 2013 to 2022, the exports stood at a somewhat lower figure.

Exports by Country

Saudi Arabia (X cubic meters) was the main destination for particle board exports from Kuwait, accounting for a 65% share of total exports. Moreover, particle board exports to Saudi Arabia exceeded the volume sent to the second major destination, the United Arab Emirates (X cubic meters), fourfold. Bahrain (X cubic meters) ranked third in terms of total exports with a 15% share.

From 2012 to 2022, the average annual rate of growth in terms of volume to Saudi Arabia totaled -15.8%. Exports to the other major destinations recorded the following average annual rates of exports growth: the United Arab Emirates (-16.4% per year) and Bahrain (-5.0% per year).

In value terms, Saudi Arabia ($X) remains the key foreign market for particle board exports from Kuwait, comprising 64% of total exports. The second position in the ranking was taken by the United Arab Emirates ($X), with a 32% share of total exports. It was followed by Bahrain, with a 4.1% share.

From 2012 to 2022, the average annual growth rate of value to Saudi Arabia amounted to -19.8%. Exports to the other major destinations recorded the following average annual rates of exports growth: the United Arab Emirates (-11.1% per year) and Bahrain (-13.6% per year).

Export Prices by Country

In 2022, the average particle board export price amounted to $X per cubic meter, picking up by 84% against the previous year. Overall, the export price, however, continues to indicate a pronounced descent. The most prominent rate of growth was recorded in 2014 an increase of 185% against the previous year. Over the period under review, the average export prices hit record highs at $X per cubic meter in 2012; however, from 2013 to 2022, the export prices remained at a lower figure.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was the United Arab Emirates ($X per cubic meter), while the average price for exports to Qatar ($X per cubic meter) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Jordan (+40.2%), while the prices for the other major destinations experienced mixed trend patterns.

Particle Board Imports

Imports into Kuwait

After five years of growth, overseas purchases of particle board decreased by -9.1% to X cubic meters in 2022. In general, imports, however, posted significant growth. The growth pace was the most rapid in 2019 with an increase of 101%. Over the period under review, imports hit record highs at X cubic meters in 2021, and then fell in the following year.

In value terms, particle board imports declined to $X in 2022. Over the period under review, imports, however, posted significant growth. The growth pace was the most rapid in 2019 when imports increased by 92% against the previous year. Imports peaked at $X in 2021, and then shrank in the following year.

Imports by Country

In 2022, Romania (X cubic meters) constituted the largest supplier of particle board to Kuwait, with a 18% share of total imports. Moreover, particle board imports from Romania exceeded the figures recorded by the second-largest supplier, Saudi Arabia (X cubic meters), threefold. The third position in this ranking was taken by Turkey (X cubic meters), with a 5.3% share.

From 2012 to 2022, the average annual growth rate of volume from Romania totaled +49.1%. The remaining supplying countries recorded the following average annual rates of imports growth: Saudi Arabia (+31.0% per year) and Turkey (+55.2% per year).

In value terms, Romania ($X) constituted the largest supplier of particle board to Kuwait, comprising 18% of total imports. The second position in the ranking was taken by Austria ($X), with a 7.2% share of total imports. It was followed by Saudi Arabia, with a 4.6% share.

From 2012 to 2022, the average annual rate of growth in terms of value from Romania stood at +49.2%. The remaining supplying countries recorded the following average annual rates of imports growth: Austria (+17.3% per year) and Saudi Arabia (+40.9% per year).

Import Prices by Country

The average particle board import price stood at $X per cubic meter in 2022, declining by -1.7% against the previous year. Over the period from 2012 to 2022, it increased at an average annual rate of +1.1%. The growth pace was the most rapid in 2013 when the average import price increased by 21% against the previous year. The import price peaked at $X per cubic meter in 2017; however, from 2018 to 2022, import prices remained at a lower figure.

There were significant differences in the average prices amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was Greece ($X per cubic meter), while the price for Egypt ($X per cubic meter) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Greece (+8.4%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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