Kuwait: Market for Prefabricated Buildings Of Plastics, Concrete Or Aluminium 2024

Market Size for Prefabricated Buildings Of Plastics, Concrete Or Aluminium in Kuwait

In 2021, the Kuwaiti market for prefabricated buildings of plastics, concrete or aluminium decreased by -7.2% to $X, falling for the fourth year in a row after two years of growth. Overall, consumption, however, showed a perceptible expansion. As a result, consumption reached the peak level of $X. From 2018 to 2021, the growth of the market remained at a somewhat lower figure.

Production of Prefabricated Buildings Of Plastics, Concrete Or Aluminium in Kuwait

In value terms, production of prefabricated buildings of plastics, concrete or aluminium fell to $X in 2021 estimated in export price. In general, production, however, posted tangible growth. The most prominent rate of growth was recorded in 2017 with an increase of 197% against the previous year. As a result, production reached the peak level of $X. From 2018 to 2021, production of growth remained at a somewhat lower figure.

Exports of Prefabricated Buildings Of Plastics, Concrete Or Aluminium

Exports from Kuwait

In 2021, the amount of prefabricated buildings of plastics, concrete or aluminium exported from Kuwait surged to X tons, growing by 33% on the previous year's figure. In general, exports continue to indicate tangible growth. The pace of growth appeared the most rapid in 2018 with an increase of 283% against the previous year. The exports peaked at X tons in 2015; however, from 2016 to 2021, the exports stood at a somewhat lower figure.

In value terms, exports of prefabricated buildings of plastics, concrete or aluminium skyrocketed to $X in 2021. Overall, exports posted buoyant growth. The most prominent rate of growth was recorded in 2018 when exports increased by 223% against the previous year. Over the period under review, the exports of reached the maximum in 2021 and are expected to retain growth in the immediate term.

Exports by Country

Burkina Faso (X tons), Pakistan (X tons) and Turkey (X tons) were the main destinations of exports of prefabricated buildings of plastics, concrete or aluminium from Kuwait, together accounting for 57% of total exports. Oman lagged somewhat behind, accounting for a further 6.3%.

From 2012 to 2021, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by Oman (with a CAGR of +43.2%), while the other leaders experienced more modest paces of growth.

In value terms, the largest markets for prefabricated buildings of plastics, concrete or aluminium exported from Kuwait were Turkey ($X), Burkina Faso ($X) and Pakistan ($X), together comprising 57% of total exports. Oman lagged somewhat behind, comprising a further 3.4%.

In terms of the main countries of destination, Oman, with a CAGR of +39.6%, recorded 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

In 2021, the average export price for prefabricated buildings of plastics, concrete or aluminium amounted to $X per ton, growing by 17% against the previous year. Over the period under review, the export price saw a relatively flat trend pattern. The pace of growth was the most pronounced in 2017 when the average export price increased by 57% against the previous year. As a result, the export price attained the peak level of $X per ton. From 2018 to 2021, the average export prices failed to regain momentum.

There were significant differences in the average prices for the major overseas markets. In 2021, amid the top suppliers, the country with the highest price was Turkey ($X per ton), while the average price for exports to Oman ($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 Saudi Arabia (+3.2%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Prefabricated Buildings Of Plastics, Concrete Or Aluminium

Imports into Kuwait

Imports of prefabricated buildings of plastics, concrete or aluminium into Kuwait surged to X tons in 2021, growing by 130% on the year before. In general, imports saw noticeable growth. Over the period under review, imports of attained the maximum at X tons in 2016; however, from 2017 to 2021, imports remained at a lower figure.

In value terms, imports of prefabricated buildings of plastics, concrete or aluminium surged to $X in 2021. Overall, imports continue to indicate a modest increase. Over the period under review, imports of attained the maximum at $X in 2016; however, from 2017 to 2021, imports failed to regain momentum.

Imports by Country

In 2021, Oman (X tons) was the main supplier of prefabricated buildings of plastics, concrete or aluminium to Kuwait, with a approx. 140% share of total imports.

From 2012 to 2021, the average annual growth rate of volume from Oman totaled +68.5%.

In value terms, Oman ($X) constituted the largest supplier of prefabricated buildings of plastics, concrete or aluminium to Kuwait.

From 2012 to 2021, the average annual growth rate of value from Oman amounted to +77.1%.

Import Prices by Country

In 2021, the average import price for prefabricated buildings of plastics, concrete or aluminium amounted to $X per ton, reducing by -5.5% against the previous year. Overall, the import price continues to indicate a noticeable slump. The growth pace was the most rapid in 2017 an increase of 49% against the previous year. As a result, import price attained the peak level of $X per ton. From 2018 to 2021, the average import prices failed to regain momentum.

As there is only one major supplying country, the average price level is determined by prices for Oman.

From 2012 to 2021, the rate of growth in terms of prices for Germany amounted to +6.0% per year.

Source: IndexBox Platform

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