Kuwait: Cement Pipe Market 2024

Cement Pipe Market Size in Kuwait

The Kuwaiti cement pipe market amounted to $X in 2022, remaining stable against the previous year. Over the period under review, consumption, however, continues to indicate a noticeable slump. Cement pipe consumption peaked at $X in 2012; however, from 2013 to 2022, consumption remained at a lower figure.

Cement Pipe Production in Kuwait

In value terms, cement pipe production amounted to $X in 2022 estimated in export price. Overall, production, however, showed a perceptible decrease. The growth pace was the most rapid in 2018 with an increase of 16%. Over the period under review, production reached the peak level at $X in 2012; however, from 2013 to 2022, production stood at a somewhat lower figure.

Cement Pipe Exports

Exports from Kuwait

After two years of growth, overseas shipments of pipes and other articles of cement decreased by -22.6% to X tons in 2022. Overall, exports continue to indicate a noticeable contraction. The growth pace was the most rapid in 2017 when exports increased by 3,134%. As a result, the exports attained the peak of X tons. From 2018 to 2022, the growth of the exports remained at a lower figure.

In value terms, cement pipe exports declined remarkably to $X in 2022. Over the period under review, exports, however, posted tangible growth. The most prominent rate of growth was recorded in 2017 with an increase of 2,269%. As a result, the exports reached the peak of $X. From 2018 to 2022, the growth of the exports failed to regain momentum.

Exports by Country

Bahrain (X tons) was the main destination for cement pipe exports from Kuwait, accounting for a 65% share of total exports. Moreover, cement pipe exports to Bahrain exceeded the volume sent to the second major destination, Iraq (X tons), threefold. The third position in this ranking was taken by Jordan (X tons), with a 5.7% share.

From 2012 to 2022, the average annual rate of growth in terms of volume to Bahrain amounted to +11.5%. Exports to the other major destinations recorded the following average annual rates of exports growth: Iraq (-15.7% per year) and Jordan (+53.0% per year).

In value terms, Bahrain ($X) remains the key foreign market for pipes and other articles of cement exports from Kuwait, comprising 85% of total exports. The second position in the ranking was taken by Iraq ($X), with a 6.7% share of total exports. It was followed by Qatar, with a 5% share.

From 2012 to 2022, the average annual rate of growth in terms of value to Bahrain amounted to +24.7%. Exports to the other major destinations recorded the following average annual rates of exports growth: Iraq (-19.8% per year) and Qatar (+16.2% per year).

Export Prices by Country

In 2022, the average cement pipe export price amounted to $X per ton, reducing by -13.2% against the previous year. Overall, the export price, however, recorded a prominent increase. The most prominent rate of growth was recorded in 2018 an increase of 102% against the previous year. The export price peaked at $X per ton in 2021, and then reduced in the following year.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Bahrain ($X per ton), while the average price for exports to Jordan ($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 Bahrain (+11.9%), while the prices for the other major destinations experienced a decline.

Cement Pipe Imports

Imports into Kuwait

In 2022, after three years of decline, there was significant growth in supplies from abroad of pipes and other articles of cement, when their volume increased by 21% to X tons. In general, imports continue to indicate buoyant growth. The pace of growth appeared the most rapid in 2018 with an increase of 314% against the previous year. As a result, imports reached the peak of X tons. From 2019 to 2022, the growth of imports failed to regain momentum.

In value terms, cement pipe imports expanded markedly to $X in 2022. Overall, imports saw a prominent expansion. The growth pace was the most rapid in 2018 with an increase of 288%. As a result, imports attained the peak of $X. From 2019 to 2022, the growth of imports remained at a lower figure.

Imports by Country

Saudi Arabia (X tons), China (X tons) and Vietnam (X tons) were the main suppliers of cement pipe imports to Kuwait, with a combined 78% share of total imports.

From 2012 to 2022, the biggest increases were recorded for Vietnam (with a CAGR of +105.4%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, China ($X) constituted the largest supplier of pipes and other articles of cement to Kuwait, comprising 55% of total imports. The second position in the ranking was taken by Saudi Arabia ($X), with an 11% share of total imports. It was followed by Vietnam, with a 9.2% share.

From 2012 to 2022, the average annual rate of growth in terms of value from China amounted to +7.7%. The remaining supplying countries recorded the following average annual rates of imports growth: Saudi Arabia (+21.8% per year) and Vietnam (+63.1% per year).

Import Prices by Country

The average cement pipe import price stood at $X per ton in 2022, with a decrease of -11.4% against the previous year. In general, the import price showed a pronounced setback. The most prominent rate of growth was recorded in 2021 when the average import price increased by 22%. The import price peaked at $X per ton in 2015; however, from 2016 to 2022, import prices failed to regain momentum.

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 China ($X per ton), while the price for Saudi Arabia ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by China (+3.1%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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