Kuwait: Non-Cellular Polyethylene Film Market 2024

Non-Cellular Polyethylene Film Market Size in Kuwait

The Kuwaiti non-cellular polyethylene film market soared to $X in 2021, increasing by 76% 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 enjoyed a buoyant expansion. Non-cellular polyethylene film consumption peaked in 2021 and is likely to see steady growth in the near future.

Non-Cellular Polyethylene Film Exports

Exports from Kuwait

In 2021, overseas shipments of non-cellular polyethylene films, sheets, foil and strip decreased by -68.1% to X tons, falling for the fifth consecutive year after three years of growth. Overall, exports, however, showed a temperate increase. The pace of growth appeared the most rapid in 2015 with an increase of 329%. Over the period under review, the exports hit record highs at X tons in 2016; however, from 2017 to 2021, the exports failed to regain momentum.

In value terms, non-cellular polyethylene film exports declined remarkably to $X in 2021. In general, exports, however, recorded a relatively flat trend pattern. The most prominent rate of growth was recorded in 2015 when exports increased by 515% against the previous year. Over the period under review, the exports attained the maximum at $X in 2016; however, from 2017 to 2021, the exports failed to regain momentum.

Exports by Country

Qatar (X tons) was the main destination for non-cellular polyethylene film exports from Kuwait, accounting for a 78% share of total exports. Moreover, non-cellular polyethylene film exports to Qatar exceeded the volume sent to the second major destination, Iraq (X tons), fivefold. The third position in this ranking was taken by Bahrain (X tons), with a 3% share.

From 2012 to 2021, the average annual growth rate of volume to Qatar totaled +32.1%. Exports to the other major destinations recorded the following average annual rates of exports growth: Iraq (+36.6% per year) and Bahrain (+172.3% per year).

In value terms, Qatar ($X) emerged as the key foreign market for non-cellular polyethylene films, sheets, foil and strip exports from Kuwait, comprising 79% of total exports. The second position in the ranking was taken by Iraq ($X), with a 16% share of total exports. It was followed by Bahrain, with a 2.7% share.

From 2012 to 2021, the average annual growth rate of value to Qatar totaled +20.9%. Exports to the other major destinations recorded the following average annual rates of exports growth: Iraq (+29.0% per year) and Bahrain (+155.0% per year).

Export Prices by Country

The average non-cellular polyethylene film export price stood at $X per ton in 2021, waning by -10.6% against the previous year. In general, the export price showed a noticeable descent. The pace of growth was the most pronounced in 2015 when the average export price increased by 43% against the previous year. Over the period under review, the average export prices hit record highs at $X per ton in 2013; however, from 2014 to 2021, the export prices stood at a somewhat lower figure.

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

From 2012 to 2021, the most notable rate of growth in terms of prices was recorded for supplies to Iraq (-5.6%), while the prices for the other major destinations experienced a decline.

Non-Cellular Polyethylene Film Imports

Imports into Kuwait

In 2021, supplies from abroad of non-cellular polyethylene films, sheets, foil and strip was finally on the rise to reach X tons after two years of decline. In general, imports posted a prominent increase. The most prominent rate of growth was recorded in 2016 when imports increased by 55% against the previous year. Over the period under review, imports reached the maximum in 2021 and are expected to retain growth in the near future.

In value terms, non-cellular polyethylene film imports surged to $X in 2021. Overall, imports recorded a strong increase. As a result, imports attained the peak and are likely to continue growth in the immediate term.

Imports by Country

In 2021, Saudi Arabia (X tons) constituted the largest supplier of non-cellular polyethylene film to Kuwait, accounting for a 68% share of total imports. Moreover, non-cellular polyethylene film imports from Saudi Arabia exceeded the figures recorded by the second-largest supplier, the United Arab Emirates (X tons), sixfold. China (X tons) ranked third in terms of total imports with a 9.2% share.

From 2012 to 2021, the average annual rate of growth in terms of volume from Saudi Arabia totaled +55.4%. The remaining supplying countries recorded the following average annual rates of imports growth: the United Arab Emirates (-9.6% per year) and China (+3.3% per year).

In value terms, Saudi Arabia ($X) constituted the largest supplier of non-cellular polyethylene films, sheets, foil and strip to Kuwait, comprising 65% of total imports. The second position in the ranking was held by the United Arab Emirates ($X), with a 12% share of total imports. It was followed by China, with an 8.8% share.

From 2012 to 2021, the average annual growth rate of value from Saudi Arabia totaled +57.2%. The remaining supplying countries recorded the following average annual rates of imports growth: the United Arab Emirates (-8.9% per year) and China (+4.8% per year).

Import Prices by Country

The average non-cellular polyethylene film import price stood at $X per ton in 2021, picking up by 13% against the previous year. In general, the import price saw a relatively flat trend pattern. The growth pace was the most rapid in 2013 an increase of 26% against the previous year. As a result, import price reached the peak level of $X per ton. From 2014 to 2021, the average import prices remained at a somewhat lower figure.

Average prices varied somewhat amongst the major supplying countries. In 2021, amid the top importers, the highest price was recorded for prices from Germany ($X per ton) and the United Arab Emirates ($X per ton), while the price for Saudi Arabia ($X per ton) and China ($X per ton) were amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Germany (+3.0%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :