Kuwait: Prepared Drier Market 2024

Prepared Drier Market Size in Kuwait

The Kuwaiti prepared drier market reduced to $X in 2022, waning by X% 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, recorded a resilient expansion. Prepared drier consumption peaked at $X in 2018; however, from 2019 to 2022, consumption failed to regain momentum.

Prepared Drier Exports

Exports from Kuwait

In 2022, prepared drier exports from Kuwait declined significantly to X kg, waning by X% compared with the previous year's figure. Overall, exports saw a significant decrease. The pace of growth appeared the most rapid in 2021 with an increase of X%. The exports peaked at X tons in 2012; however, from 2013 to 2022, the exports remained at a lower figure.

In value terms, prepared drier exports fell remarkably to $X in 2022. Over the period under review, exports continue to indicate a sharp descent. The pace of growth appeared the most rapid in 2021 when exports increased by X% against the previous year. Over the period under review, the exports hit record highs at $X in 2012; however, from 2013 to 2022, the exports stood at a somewhat lower figure.

Exports by Country

Qatar (X kg) was the main destination for prepared drier exports from Kuwait, with a X% share of total exports. Moreover, prepared drier exports to Qatar exceeded the volume sent to the second major destination, Saudi Arabia (X kg), threefold.

From 2012 to 2022, the average annual rate of growth in terms of volume to Qatar totaled X%.

In value terms, Qatar ($X) remains the key foreign market for prepared driers exports from Kuwait, comprising X% of total exports. The second position in the ranking was taken by Saudi Arabia ($X), with a X% share of total exports.

From 2012 to 2022, the average annual growth rate of value to Qatar stood at X%.

Export Prices by Country

In 2022, the average prepared drier export price amounted to $X per ton, shrinking by X% against the previous year. Over the period under review, the export price, however, enjoyed a strong expansion. The most prominent rate of growth was recorded in 2015 an increase of X% against the previous year. The export price peaked at $X per ton in 2019; however, from 2020 to 2022, the export prices failed to regain momentum.

Average prices varied noticeably for the major overseas markets. In 2022, amid the top suppliers, the country with the highest price was Saudi Arabia ($X per ton), while the average price for exports to Qatar amounted to $X per ton.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Saudi Arabia (X%).

Prepared Drier Imports

Imports into Kuwait

In 2022, approx. X tons of prepared driers were imported into Kuwait; reducing by X% against 2021 figures. Overall, total imports indicated noticeable growth from 2012 to 2022: its volume increased at an average annual rate of X% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by X% against 2020 indices. The most prominent rate of growth was recorded in 2013 with an increase of X% against the previous year. As a result, imports reached the peak of X tons. From 2014 to 2022, the growth of imports remained at a lower figure.

In value terms, prepared drier imports dropped slightly to $X in 2022. Over the period under review, imports, however, posted a buoyant increase. The most prominent rate of growth was recorded in 2013 with an increase of X%. Over the period under review, imports hit record highs at $X in 2018; however, from 2019 to 2022, imports remained at a lower figure.

Imports by Country

In 2022, the United Arab Emirates (X tons) constituted the largest prepared drier supplier to Kuwait, accounting for a X% share of total imports. Moreover, prepared drier imports from the United Arab Emirates exceeded the figures recorded by the second-largest supplier, Pakistan (X tons), twofold. The third position in this ranking was held by India (X tons), with a X% share.

From 2012 to 2022, the average annual growth rate of volume from the United Arab Emirates totaled X%. The remaining supplying countries recorded the following average annual rates of imports growth: Pakistan (X% per year) and India (X% per year).

In value terms, the United Arab Emirates ($X) constituted the largest supplier of prepared driers to Kuwait, comprising X% of total imports. The second position in the ranking was held by Germany ($X), with a X% share of total imports. It was followed by India, with a X% share.

From 2012 to 2022, the average annual growth rate of value from the United Arab Emirates amounted to X%. The remaining supplying countries recorded the following average annual rates of imports growth: Germany (X% per year) and India (X% per year).

Import Prices by Country

In 2022, the average prepared drier import price amounted to $X per ton, surging by X% against the previous year. Overall, import price indicated a perceptible increase from 2012 to 2022: its price increased at an average annual rate of X% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. The pace of growth appeared the most rapid in 2015 when the average import price increased by X% against the previous year. Over the period under review, average import prices reached the peak figure at $X per ton in 2017; however, from 2018 to 2022, import prices stood at a somewhat lower figure.

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 Germany ($X per ton), while the price for Pakistan ($X per ton) was amongst the lowest.

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

Source: IndexBox Platform

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