Kuwait: Market for Plastic Baths, Shower-Baths, Sinks And Wash-Basins 2024

Exports of Plastic Baths, Shower-Baths, Sinks And Wash-Basins

Exports from Kuwait

In 2022, exports of plastic baths, shower-baths, sinks and wash-basins from Kuwait contracted notably to X units, declining by -34.9% compared with 2021. Overall, exports showed a abrupt decrease. The most prominent rate of growth was recorded in 2016 with an increase of 389% against the previous year. Over the period under review, the exports reached the peak figure at X units in 2018; however, from 2019 to 2022, the exports stood at a somewhat lower figure.

In value terms, plastic bath or sink exports dropped rapidly to $X in 2022. In general, exports recorded a abrupt downturn. The pace of growth was the most pronounced in 2016 with an increase of 480% against the previous year. Over the period under review, the exports hit record highs at $X in 2018; however, from 2019 to 2022, the exports failed to regain momentum.

Exports by Country

Qatar (X units) was the main destination for plastic bath or sink exports from Kuwait, with a 96% share of total exports. Moreover, plastic bath or sink exports to Qatar exceeded the volume sent to the second major destination, the United States (X units), more than tenfold.

From 2012 to 2022, the average annual growth rate of volume to Qatar stood at -2.0%.

In value terms, Qatar ($X) remains the key foreign market for plastic baths, shower-baths, sinks and wash-basins exports from Kuwait, comprising 95% of total exports. The second position in the ranking was taken by the United States ($X), with a 2.5% share of total exports. It was followed by Bahrain, with a 0.7% share.

From 2012 to 2022, the average annual growth rate of value to Qatar stood at +3.0%. Exports to the other major destinations recorded the following average annual rates of exports growth: the United States (0.0% per year) and Bahrain (-42.6% per year).

Export Prices by Country

In 2022, the average plastic bath or sink export price amounted to $X per unit, declining by -6.2% against the previous year. In general, the export price, however, showed a relatively flat trend pattern. The growth pace was the most rapid in 2021 an increase of 47% against the previous year. As a result, the export price attained the peak level of $X per unit, and then dropped in the following year.

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

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Qatar (+5.1%), while the prices for the other major destinations experienced mixed trend patterns.

Imports of Plastic Baths, Shower-Baths, Sinks And Wash-Basins

Imports into Kuwait

In 2022, the amount of plastic baths, shower-baths, sinks and wash-basins imported into Kuwait declined markedly to X units, dropping by -31.2% against 2021. Overall, imports recorded a abrupt downturn. The most prominent rate of growth was recorded in 2021 with an increase of 164%. Imports peaked at X units in 2012; however, from 2013 to 2022, imports stood at a somewhat lower figure.

In value terms, plastic bath or sink imports fell rapidly to $X in 2022. In general, imports continue to indicate a relatively flat trend pattern. The pace of growth was the most pronounced in 2021 when imports increased by 127%. As a result, imports reached the peak of $X, and then declined dramatically in the following year.

Imports by Country

In 2022, China (X units) constituted the largest supplier of plastic bath or sink to Kuwait, accounting for a 68% share of total imports. Moreover, plastic bath or sink imports from China exceeded the figures recorded by the second-largest supplier, Egypt (X units), sixfold. The third position in this ranking was held by Saudi Arabia (X units), with a 9.9% share.

From 2012 to 2022, the average annual rate of growth in terms of volume from China stood at -1.4%. The remaining supplying countries recorded the following average annual rates of imports growth: Egypt (-12.1% per year) and Saudi Arabia (+27.2% per year).

In value terms, China ($X) constituted the largest supplier of plastic baths, shower-baths, sinks and wash-basins to Kuwait, comprising 64% of total imports. The second position in the ranking was held by Egypt ($X), with a 9.8% share of total imports. It was followed by Saudi Arabia, with a 9.6% share.

From 2012 to 2022, the average annual rate of growth in terms of value from China totaled +8.3%. The remaining supplying countries recorded the following average annual rates of imports growth: Egypt (-9.8% per year) and Saudi Arabia (+35.0% per year).

Import Prices by Country

In 2022, the average plastic bath or sink import price amounted to $X per unit, increasing by 4.8% against the previous year. In general, import price indicated a prominent increase from 2012 to 2022: its price increased at an average annual rate of +5.0% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, plastic bath or sink import price decreased by -9.9% against 2020 indices. The pace of growth appeared the most rapid in 2018 an increase of 45%. The import price peaked at $X per unit in 2020; however, from 2021 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 Spain ($X per unit), while the price for the United Arab Emirates ($X per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by China (+9.8%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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