Kuwait: Market for Plastics Pipes And Pipe Fittings 2024

Market Size for Plastics Pipes And Pipe Fittings in Kuwait

The Kuwaiti market for plastics pipes and pipe fittings contracted slightly to $X in 2022, declining by -5% 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, consumption, however, continues to indicate a relatively flat trend pattern. Plastics pipe and pipe fitting consumption peaked at $X in 2017; however, from 2018 to 2022, consumption remained at a lower figure.

Exports of Plastics Pipes And Pipe Fittings

Exports from Kuwait

In 2022, exports of plastics pipes and pipe fittings from Kuwait rose significantly to X tons, growing by 8.7% compared with 2021. Over the period under review, exports, however, continue to indicate a perceptible setback. The most prominent rate of growth was recorded in 2015 when exports increased by 35%. Over the period under review, the exports hit record highs at X tons in 2012; however, from 2013 to 2022, the exports stood at a somewhat lower figure.

In value terms, plastics pipe and pipe fitting exports expanded markedly to $X in 2022. In general, exports, however, saw a perceptible decline. The pace of growth appeared the most rapid in 2015 with an increase of 45%. The exports peaked at $X in 2012; however, from 2013 to 2022, the exports remained at a lower figure.

Exports by Country

Iraq (X tons), Jordan (X tons) and Egypt (X tons) were the main destinations of plastics pipe and pipe fitting exports from Kuwait, with a combined 72% share of total exports.

From 2012 to 2022, the biggest increases were recorded for Iraq (with a CAGR of +41.3%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, the largest markets for plastics pipe and pipe fitting exported from Kuwait were Iraq ($X), Jordan ($X) and Egypt ($X), together comprising 76% of total exports.

Among the main countries of destination, Iraq, with a CAGR of +32.4%, saw the highest rates of growth with regard to the value of exports, over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

The average export price for plastics pipes and pipe fittings stood at $X per ton in 2022, dropping by -2% against the previous year. Over the period under review, the export price, however, continues to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in 2016 an increase of 44%. As a result, the export price attained the peak level of $X per ton. From 2017 to 2022, the average export prices failed to regain momentum.

There were significant differences in the average prices for the major foreign markets. In 2022, amid the top suppliers, the country with the highest price was the United Arab Emirates ($X per ton), while the average price for exports to India ($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 Jordan (+7.6%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Plastics Pipes And Pipe Fittings

Imports into Kuwait

In 2022, overseas purchases of plastics pipes and pipe fittings were finally on the rise to reach X tons after four years of decline. In general, imports, however, showed a relatively flat trend pattern. The most prominent rate of growth was recorded in 2016 with an increase of 63% against the previous year. Imports peaked at X tons in 2017; however, from 2018 to 2022, imports failed to regain momentum.

In value terms, plastics pipe and pipe fitting imports declined to $X in 2022. Overall, imports showed a relatively flat trend pattern. The pace of growth was the most pronounced in 2016 with an increase of 61%. As a result, imports attained the peak of $X. From 2017 to 2022, the growth of imports remained at a somewhat lower figure.

Imports by Country

Saudi Arabia (X tons), the UK (X tons) and Germany (X tons) were the main suppliers of plastics pipe and pipe fitting imports to Kuwait, together comprising 44% of total imports. Oman, the United Arab Emirates, Bahrain, the United States and India lagged somewhat behind, together comprising a further 25%.

From 2012 to 2022, the biggest increases were recorded for the United States (with a CAGR of +32.1%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, the UK ($X), Germany ($X) and Saudi Arabia ($X) appeared to be the largest plastics pipe and pipe fitting suppliers to Kuwait, with a combined 49% share of total imports. The United States, Oman, the United Arab Emirates, Bahrain and India lagged somewhat behind, together comprising a further 23%.

The United States, with a CAGR of +34.1%, saw the highest growth rate of the value of imports, among 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 2022, the average import price for plastics pipes and pipe fittings amounted to $X per ton, dropping by -5.9% against the previous year. Over the last decade, it increased at an average annual rate of +1.3%. The most prominent rate of growth was recorded in 2018 an increase of 33% against the previous year. The import price peaked at $X per ton in 2021, and then fell in the following year.

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 the United States ($X per ton), while the price for Bahrain ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by the UK (+12.2%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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