Kuwait: Market for Porcelain Or China Tableware And Kitchenware 2024

Market Size for Porcelain Or China Tableware And Kitchenware in Kuwait

The Kuwaiti porcelain tableware and kitchenware market shrank markedly to $X in 2022, which is down by -26.4% 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, saw buoyant growth. Porcelain tableware and kitchenware consumption peaked at $X in 2021, and then shrank dramatically in the following year.

Exports of Porcelain Or China Tableware And Kitchenware

Exports from Kuwait

In 2022, the amount of porcelain or china tableware and kitchenware exported from Kuwait soared to X tons, with an increase of 86% on 2021. In general, exports recorded strong growth. The pace of growth was the most pronounced in 2019 when exports increased by 183%. The exports peaked in 2022 and are likely to continue growth in the near future.

In value terms, porcelain tableware and kitchenware exports fell rapidly to $X in 2022. Over the period under review, exports enjoyed buoyant growth. The pace of growth appeared the most rapid in 2019 with an increase of 168% against the previous year. Over the period under review, the exports hit record highs at $X in 2021, and then contracted remarkably in the following year.

Exports by Country

Qatar (X tons), the United States (X tons) and the UK (X tons) were the main destinations of porcelain tableware and kitchenware exports from Kuwait, with a combined 42% share of total exports.

From 2012 to 2022, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by Qatar (with a CAGR of +60.5%), while the other leaders experienced more modest paces of growth.

In value terms, Qatar ($X) remains the key foreign market for porcelain or china tableware and kitchenware exports from Kuwait, comprising 71% of total exports. The second position in the ranking was held by the United States ($X), with a 15% share of total exports. It was followed by Bahrain, with a 7.1% share.

From 2012 to 2022, the average annual rate of growth in terms of value to Qatar stood at +59.2%. Exports to the other major destinations recorded the following average annual rates of exports growth: the United States (0.0% per year) and Bahrain (+27.5% per year).

Export Prices by Country

In 2022, the average porcelain tableware and kitchenware export price amounted to $X per ton, which is down by -67% against the previous year. In general, the export price, however, recorded a relatively flat trend pattern. The growth pace was the most rapid in 2021 when the average export price increased by 52% against the previous year. As a result, the export price reached the peak level of $X per ton, and then declined remarkably in the following year.

There were significant differences in the average prices for the major export markets. In 2022, amid the top suppliers, the country with the highest price was Qatar ($X per ton), while the average price for exports to the UK ($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 Malawi (+4.8%), while the prices for the other major destinations experienced mixed trend patterns.

Imports of Porcelain Or China Tableware And Kitchenware

Imports into Kuwait

Porcelain tableware and kitchenware imports into Kuwait shrank dramatically to X tons in 2022, declining by -33.9% against 2021 figures. Overall, imports, however, continue to indicate a perceptible increase. The most prominent rate of growth was recorded in 2017 when imports increased by 37%. Imports peaked at X tons in 2021, and then reduced notably in the following year.

In value terms, porcelain tableware and kitchenware imports reduced rapidly to $X in 2022. In general, imports, however, continue to indicate a strong expansion. The pace of growth appeared the most rapid in 2015 with an increase of 48%. Imports peaked at $X in 2021, and then contracted markedly in the following year.

Imports by Country

In 2022, China (X tons) was the main porcelain tableware and kitchenware supplier to Kuwait, with a 91% share of total imports. Moreover, porcelain tableware and kitchenware imports from China exceeded the figures recorded by the second-largest supplier, Turkey (X tons), more than tenfold.

From 2012 to 2022, the average annual rate of growth in terms of volume from China amounted to +5.7%.

In value terms, China ($X) constituted the largest supplier of porcelain or china tableware and kitchenware to Kuwait, comprising 82% of total imports. The second position in the ranking was held by Turkey ($X), with a 2.3% share of total imports.

From 2012 to 2022, the average annual growth rate of value from China stood at +16.8%.

Import Prices by Country

In 2022, the average porcelain tableware and kitchenware import price amounted to $X per ton, growing by 16% against the previous year. Overall, import price indicated a strong expansion from 2012 to 2022: its price increased at an average annual rate of +6.8% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, porcelain tableware and kitchenware import price increased by +83.4% against 2017 indices. The growth pace was the most rapid in 2015 an increase of 24%. Over the period under review, average import prices attained the maximum in 2022 and is expected to retain growth in the near future.

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 China ($X per ton), while the price for Turkey amounted to $X per ton.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by China (+10.5%), while the prices for the other major suppliers experienced mixed trend patterns.

Source: IndexBox Platform

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