Kuwait: Market for PVC Floor, Wall and Ceiling Coverings 2024

Market Size for PVC Floor, Wall and Ceiling Coverings in Kuwait

The Kuwaiti market for PVC floor, wall and ceiling coverings dropped to $X in 2022, reducing by -14.4% 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). Overall, consumption, however, saw a remarkable increase. Consumption of peaked at $X in 2021, and then contracted in the following year.

Exports of PVC Floor, Wall and Ceiling Coverings

Exports from Kuwait

After two years of growth, shipments abroad of PVC floor, wall and ceiling coverings decreased by -20% to X square meters in 2022. Over the period under review, exports, however, enjoyed a strong expansion. The pace of growth was the most pronounced in 2014 with an increase of 1,091% against the previous year. As a result, the exports reached the peak of X square meters. From 2015 to 2022, the growth of the exports of remained at a lower figure.

In value terms, exports of PVC floor, wall and ceiling coverings contracted sharply to $X in 2022. In general, exports, however, saw buoyant growth. The pace of growth appeared the most rapid in 2014 with an increase of 728% against the previous year. As a result, the exports reached the peak of $X. From 2015 to 2022, the growth of the exports of remained at a lower figure.

Exports by Country

Iraq (X square meters) was the main destination for exports of PVC floor, wall and ceiling coverings from Kuwait, accounting for a 60% share of total exports. Moreover, exports of PVC floor, wall and ceiling coverings to Iraq exceeded the volume sent to the second major destination, India (X square meters), fourfold. The United Arab Emirates (X square meters) ranked third in terms of total exports with a 14% share.

From 2012 to 2022, the average annual growth rate of volume to Iraq stood at +29.2%. Exports to the other major destinations recorded the following average annual rates of exports growth: India (+25.2% per year) and the United Arab Emirates (+9.4% per year).

In value terms, the largest markets for PVC floor, wall and ceiling coverings exported from Kuwait were Iraq ($X), the United Arab Emirates ($X) and India ($X), with a combined 68% share of total exports.

Iraq, with a CAGR of +35.8%, recorded the highest rates of growth with regard to the value of exports, in terms of the main countries of destination over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

In 2022, the average export price for PVC floor, wall and ceiling coverings amounted to $X per square meter, remaining constant against the previous year. Overall, the export price continues to indicate a relatively flat trend pattern. The growth pace was the most rapid in 2017 an increase of 37% against the previous year. The export price peaked at $X per square meter in 2013; afterwards, it flattened through to 2022.

There were significant differences in the average prices for the major foreign markets. In 2022, amid the top suppliers, the country with the highest price was the United Arab Emirates ($X per square meter), while the average price for exports to Iraq ($X per square meter) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to the Netherlands (+63.0%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of PVC Floor, Wall and Ceiling Coverings

Imports into Kuwait

In 2022, the amount of PVC floor, wall and ceiling coverings imported into Kuwait declined rapidly to X square meters, waning by -15.2% against the previous year. Over the period under review, imports, however, showed prominent growth. The growth pace was the most rapid in 2019 when imports increased by 95% against the previous year. Over the period under review, imports of attained the maximum at X square meters in 2021, and then dropped remarkably in the following year.

In value terms, imports of PVC floor, wall and ceiling coverings declined to $X in 2022. Overall, imports, however, enjoyed a buoyant expansion. The most prominent rate of growth was recorded in 2019 with an increase of 96%. Imports peaked at $X in 2021, and then dropped in the following year.

Imports by Country

China (X square meters), Belgium (X square meters) and Sweden (X square meters) were the main suppliers of imports of PVC floor, wall and ceiling coverings to Kuwait, together accounting for 76% of total imports. Germany, France, Slovenia, Saudi Arabia, Hungary and Serbia lagged somewhat behind, together comprising a further 16%.

From 2012 to 2022, the biggest increases were recorded for Saudi Arabia (with a CAGR of +24.5%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, China ($X), Belgium ($X) and Sweden ($X) were the largest PVC floor, wall and ceiling coverings suppliers to Kuwait, together comprising 66% of total imports. France, Hungary, Germany, Slovenia, Saudi Arabia and Serbia lagged somewhat behind, together comprising a further 20%.

In terms of the main suppliers, Saudi Arabia, with a CAGR of +26.8%, saw the highest growth rate of the value of imports, over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

In 2022, the average import price for PVC floor, wall and ceiling coverings amounted to $X per square meter, leveling off at the previous year. Overall, the import price, however, showed a perceptible reduction. The most prominent rate of growth was recorded in 2013 when the average import price increased by 2.1%. As a result, import price attained the peak level of $X per square meter. From 2014 to 2022, the average import prices remained 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 Hungary ($X per square meter), while the price for Belgium ($X per square meter) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Serbia (+1.9%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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