Kuwait: Plastic Household Ware Market 2024

Plastic Household Ware Market Size in Kuwait

The Kuwaiti plastic household ware market soared to $X in 2021, picking up by 61% 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 a buoyant increase from 2012 to 2021: its value increased at an average annual rate of +5.9% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. As a result, consumption attained the peak level and is likely to continue growth in the immediate term.

Plastic Household Ware Exports

Exports from Kuwait

In 2021, overseas shipments of plastics household articles and toilet articles increased by 16% to X tons, rising for the fourth consecutive year after two years of decline. In general, exports enjoyed a strong expansion. The pace of growth was the most pronounced in 2014 when exports increased by 30% against the previous year. Over the period under review, the exports attained the maximum in 2021 and are likely to see gradual growth in years to come.

In value terms, plastic household ware exports skyrocketed to $X in 2021. Overall, exports recorded a prominent increase. The pace of growth was the most pronounced in 2018 with an increase of 25% against the previous year. Over the period under review, the exports hit record highs in 2021 and are likely to see gradual growth in years to come.

Exports by Country

Saudi Arabia (X tons), the United Arab Emirates (X tons) and Qatar (X tons) were the main destinations of plastic household ware exports from Kuwait, with a combined 87% share of total exports. These countries were followed by Iraq, Oman, Bahrain and Lebanon, which together accounted for a further 10%.

From 2012 to 2021, the biggest increases were recorded for Oman (with a CAGR of +46.5%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, Saudi Arabia ($X), the United Arab Emirates ($X) and Qatar ($X) were the largest markets for plastic household ware exported from Kuwait worldwide, with a combined 87% share of total exports. These countries were followed by Iraq, Oman, Bahrain and Lebanon, which together accounted for a further 9%.

Oman, with a CAGR of +41.7%, saw the highest growth rate of 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

The average plastic household ware export price stood at $X per ton in 2021, growing by 2.4% against the previous year. In general, the export price, however, recorded a relatively flat trend pattern. The most prominent rate of growth was recorded in 2016 an increase of 36%. Over the period under review, the average export prices reached the peak figure at $X per ton in 2012; however, from 2013 to 2021, the export prices remained at a lower figure.

Average prices varied somewhat for the major foreign markets. In 2021, the countries with the highest prices were Saudi Arabia ($X per ton) and Bahrain ($X per ton), while the average price for exports to Iraq ($X per ton) and Qatar ($X per ton) were amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was recorded for supplies to Iraq (+5.5%), while the prices for the other major destinations experienced a decline.

Plastic Household Ware Imports

Imports into Kuwait

In 2021, imports of plastics household articles and toilet articles into Kuwait surged to X tons, jumping by 47% on 2020 figures. The total import volume increased at an average annual rate of +4.1% from 2012 to 2021; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. As a result, imports reached the peak and are likely to continue growth in the immediate term.

In value terms, plastic household ware imports soared to $X in 2021. Over the period under review, total imports indicated a prominent increase from 2012 to 2021: its value increased at an average annual rate of +7.5% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. As a result, imports attained the peak and are likely to continue growth in the immediate term.

Imports by Country

China (X tons), Saudi Arabia (X tons) and the United Arab Emirates (X tons) were the main suppliers of plastic household ware imports to Kuwait, together comprising 77% of total imports. These countries were followed by Turkey, India, Thailand and the United States, which together accounted for a further 12%.

From 2012 to 2021, the biggest increases were recorded for Turkey (with a CAGR of +26.9%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, the largest plastic household ware suppliers to Kuwait were China ($X), the United Arab Emirates ($X) and Saudi Arabia ($X), together comprising 73% of total imports. Turkey, India, Thailand and the United States lagged somewhat behind, together accounting for a further 11%.

Turkey, with a CAGR of +25.6%, saw the highest rates of growth with regard to the value of imports, in terms of the main suppliers over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

In 2021, the average plastic household ware import price amounted to $X per ton, increasing by 7% against the previous year. Over the period from 2012 to 2021, it increased at an average annual rate of +3.2%. The pace of growth was the most pronounced in 2014 an increase of 8.6% against the previous year. Over the period under review, average import prices reached the maximum in 2021 and is expected to retain growth in the near future.

Prices varied noticeably country of origin: the country with the highest price was the United States ($X per ton), while the price for Saudi Arabia ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by the United Arab Emirates (+4.8%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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