Kuwait: Polishes For Coachwork Market 2025

Polishes For Coachwork Market Size in Kuwait

The Kuwaiti polishes for coachwork market contracted sharply to $X in 2022, reducing by -22.8% 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). Over the period under review, consumption, however, showed a relatively flat trend pattern. Polishes for coachwork consumption peaked at $X in 2014; however, from 2015 to 2022, consumption stood at a somewhat lower figure.

Polishes For Coachwork Exports

Exports from Kuwait

In 2022, polishes for coachwork exports from Kuwait surged to X tons, picking up by 79% against the year before. In general, exports recorded a resilient increase. The growth pace was the most rapid in 2018 with an increase of 153%. The exports peaked at X tons in 2020; however, from 2021 to 2022, the exports failed to regain momentum.

In value terms, polishes for coachwork exports skyrocketed to $X in 2022. Over the period under review, exports showed a strong expansion. The most prominent rate of growth was recorded in 2018 when exports increased by 174% against the previous year. The exports peaked at $X in 2020; however, from 2021 to 2022, the exports failed to regain momentum.

Exports by Country

The United Arab Emirates (X tons) was the main destination for polishes for coachwork exports from Kuwait, with a 68% share of total exports. Moreover, polishes for coachwork exports to the United Arab Emirates exceeded the volume sent to the second major destination, Saudi Arabia (X tons), threefold. Qatar (X kg) ranked third in terms of total exports with a 3.8% share.

From 2012 to 2022, the average annual growth rate of volume to the United Arab Emirates amounted to +42.3%. Exports to the other major destinations recorded the following average annual rates of exports growth: Saudi Arabia (+2.6% per year) and Qatar (+15.1% per year).

In value terms, Qatar ($X), the United Arab Emirates ($X) and Saudi Arabia ($X) were the largest markets for polishes for coachwork exported from Kuwait worldwide, with a combined 97% share of total exports.

In terms of the main countries of destination, Qatar, with a CAGR of +70.5%, 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 polishes for coachwork export price stood at $X per ton in 2022, which is down by -24.3% against the previous year. Overall, the export price showed a relatively flat trend pattern. The most prominent rate of growth was recorded in 2020 when the average export price increased by 42% against the previous year. Over the period under review, the average export prices hit record highs at $X per ton in 2021, and then fell significantly in the following year.

There were significant differences in the average prices for the major external markets. In 2022, 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 2022, the most notable rate of growth in terms of prices was recorded for supplies to Qatar (+48.2%), while the prices for the other major destinations experienced a decline.

Polishes For Coachwork Imports

Imports into Kuwait

Polishes for coachwork imports into Kuwait shrank markedly to X tons in 2022, with a decrease of -22.3% compared with 2021. In general, imports, however, showed a relatively flat trend pattern. The growth pace was the most rapid in 2021 when imports increased by 79% against the previous year. Over the period under review, imports reached the maximum at X tons in 2014; however, from 2015 to 2022, imports remained at a lower figure.

In value terms, polishes for coachwork imports declined remarkably to $X in 2022. Overall, imports, however, saw a relatively flat trend pattern. The pace of growth appeared the most rapid in 2021 when imports increased by 73% against the previous year. Imports peaked at $X in 2014; however, from 2015 to 2022, imports failed to regain momentum.

Imports by Country

Portugal (X tons), the United States (X tons) and Jordan (X tons) were the main suppliers of polishes for coachwork imports to Kuwait, with a combined 27% share of total imports. Italy, France, Germany, Poland, Oman, the UK, Saudi Arabia, Egypt, the United Arab Emirates and China lagged somewhat behind, together comprising a further 46%.

From 2012 to 2022, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by Egypt (with a CAGR of +53.1%), while imports for the other leaders experienced more modest paces of growth.

In value terms, the largest polishes for coachwork suppliers to Kuwait were the United States ($X), Germany ($X) and Portugal ($X), with a combined 32% share of total imports. The United Arab Emirates, the UK, Italy, France, Oman, Egypt, Poland, Jordan, China and Saudi Arabia lagged somewhat behind, together accounting for a further 37%.

Egypt, with a CAGR of +42.3%, recorded 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

The average polishes for coachwork import price stood at $X per ton in 2022, rising by 1.6% against the previous year. Over the period under review, the import price, however, continues to indicate a relatively flat trend pattern. The growth pace was the most rapid in 2018 an increase of 20%. As a result, import price reached the peak level of $X per ton. From 2019 to 2022, the average import prices remained at a lower figure.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was the United Arab Emirates ($X per ton), while the price for Jordan ($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 (+7.3%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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