Report Update Nov 1, 2024

Kuwait - Quartz Crystal (Natural) - Market Analysis, Forecast, Size, Trends and Insights

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Kuwait: Natural Quartz Crystal Market 2024

Natural Quartz Crystal Market Size in Kuwait

In 2022, after two years of growth, there was significant decline in the Kuwaiti natural quartz crystal market, when its value decreased by -8.6% to $X. Over the period under review, consumption, however, showed resilient growth. Over the period under review, the market hit record highs at $X in 2021, and then reduced in the following year.

Natural Quartz Crystal Exports

Exports from Kuwait

For the fifth consecutive year, Kuwait recorded growth in shipments abroad of quartz crystal (natural), which increased by 99% to X tons in 2019. In general, exports continue to indicate a significant increase. As a result, the exports reached the peak and are likely to continue growth in the immediate term.

In value terms, natural quartz crystal exports surged to $X in 2019. Overall, exports continue to indicate a significant expansion. As a result, the exports attained the peak and are likely to continue growth in the immediate term.

Exports by Country

China (X tons) was the main destination for natural quartz crystal exports from Kuwait, with a approx. 100% share of total exports.

From 2013 to 2019, the average annual rate of growth in terms of volume to China was relatively modest.

In value terms, China ($X) emerged as the key foreign market for quartz crystal (natural) exports from Kuwait.

From 2013 to 2019, the average annual rate of growth in terms of value to China was relatively modest.

Export Prices by Country

The average natural quartz crystal export price stood at $X per ton in 2019, remaining stable against the previous year. Over the period under review, the export price saw a precipitous shrinkage. The export price peaked at $X per ton in 2013; however, from 2014 to 2019, the export prices remained at a lower figure.

As there is only one major export destination, the average price level is determined by prices for China.

From 2013 to 2019, the rate of growth in terms of prices for China amounted to 0.0% per year.

Natural Quartz Crystal Imports

Imports into Kuwait

In 2022, purchases abroad of quartz crystal (natural) decreased by -10.5% to X tons for the first time since 2019, thus ending a two-year rising trend. Overall, imports, however, saw a buoyant expansion. The pace of growth appeared the most rapid in 2016 with an increase of 918% against the previous year. Over the period under review, imports attained the maximum at X tons in 2021, and then reduced in the following year.

In value terms, natural quartz crystal imports shrank modestly to $X in 2022. In general, imports, however, enjoyed a prominent expansion. The most prominent rate of growth was recorded in 2016 with an increase of 227%. Imports peaked at $X in 2021, and then reduced slightly in the following year.

Imports by Country

In 2022, Iran (X tons) constituted the largest natural quartz crystal supplier to Kuwait, accounting for a 72% share of total imports. Moreover, natural quartz crystal imports from Iran exceeded the figures recorded by the second-largest supplier, India (X tons), fourfold.

From 2012 to 2022, the average annual rate of growth in terms of volume from Iran amounted to +13.6%. The remaining supplying countries recorded the following average annual rates of imports growth: India (+9.8% per year) and Egypt (+35.2% per year).

In value terms, Iran ($X), Egypt ($X) and India ($X) were the largest natural quartz crystal suppliers to Kuwait, with a combined 92% share of total imports.

Among the main suppliers, Egypt, with a CAGR of +31.9%, saw the highest rates of growth with regard to 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

The average natural quartz crystal import price stood at $X per ton in 2022, rising by 9.3% against the previous year. Overall, the import price, however, continues to indicate a abrupt decrease. The pace of growth appeared the most rapid in 2014 when the average import price increased by 79% against the previous year. As a result, import price attained the peak level of $X per ton. From 2015 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 Egypt ($X per ton), while the price for Iran ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Egypt (-2.4%), while the prices for the other major suppliers experienced a decline.

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :

What are the largest markets for quartz crystal (natural) in the world?

China constituted the country with the largest volume of natural quartz crystal consumption, accounting for 27% of total volume. Moreover, natural quartz crystal consumption in China exceeded the figures recorded by the second-largest consumer, the United States, threefold. Turkey ranked third in terms of total consumption with a 6.1% share.

What are the largest producers of quartz crystal (natural) in the world?

China remains the largest natural quartz crystal producing country worldwide, accounting for 27% of total volume. Moreover, natural quartz crystal production in China exceeded the figures recorded by the second-largest producer, the United States, threefold. The third position in this ranking was occupied by Turkey, with a 6.2% share.

What are the leading suppliers of quartz crystal (natural) to Kuwait?

In value terms, Iran constituted the largest supplier of natural quartz crystal to Kuwait, comprising 56% of total imports. The second position in the ranking was occupied by India, with a 19% share of total imports.

What is the average export price for quartz crystal (natural) in Kuwait?

The average natural quartz crystal export price stood at $535 per ton in 2019, dropping by -35.9% against the previous year.

What is the average import price for quartz crystal (natural) in Kuwait?

In 2021, the average natural quartz crystal import price amounted to $56 per ton, with a decrease of -30.8% against the previous year.

This report provides an in-depth analysis of the natural quartz crystal market in Kuwait. Within it, you will discover the latest data on market trends and opportunities by country, consumption, production and price developments, as well as the global trade (imports and exports). The forecast exhibits the market prospects through 2030.

Product coverage:

Prodcom 08111290 - Porphyry, basalt, quartzites and other monumental or building stone, crude, roughly trimmed or merely cut (excluding calcareous monumental or building stone of a gravity . 2,5, g ranite and sandstone)
Prodcom 08992900 - Other minerals

Country coverage:

Kuwait

Data coverage:

Market volume and value
Per Capita consumption
Forecast of the market dynamics in the medium term
Trade (exports and imports) in Kuwait
Export and import prices
Market trends, drivers and restraints
Key market players and their profiles

Reasons to buy this report:

Take advantage of the latest data
Find deeper insights into current market developments
Discover vital success factors affecting the market

This report is designed for manufacturers, distributors, importers, and wholesalers, as well as for investors, consultants and advisors.

In this report, you can find information that helps you to make informed decisions on the following issues:

How to diversify your business and benefit from new market opportunities
How to load your idle production capacity
How to boost your sales on overseas markets
How to increase your profit margins
How to make your supply chain more sustainable
How to reduce your production and supply chain costs
How to outsource production to other countries
How to prepare your business for global expansion

While doing this research, we combine the accumulated expertise of our analysts and the capabilities of artificial intelligence. The AI-based platform, developed by our data scientists, constitutes the key working tool for business analysts, empowering them to discover deep insights and ideas from the marketing data.

1. INTRODUCTION

Making Data-Driven Decisions to Grow Your Business
1. REPORT DESCRIPTION
2. RESEARCH METHODOLOGY AND AI PLATFORM
3. DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
4. GLOSSARY AND SPECIFIC TERMS
2. EXECUTIVE SUMMARY

A Quick Overview of Market Performance
1. KEY FINDINGS
2. MARKET TRENDS This Chapter is Available Only for the Professional Edition PRO
3. MARKET OVERVIEW

Understanding the Current State of The Market and Its Prospects
1. MARKET SIZE
2. MARKET STRUCTURE
3. TRADE BALANCE
4. PER CAPITA CONSUMPTION
5. MARKET FORECAST TO 2030
4. MOST PROMISING PRODUCT

Finding New Products to Diversify Your Business
This Chapter is Available Only for the Professional Edition PRO
1. TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
2. BEST-SELLING PRODUCTS
3. MOST CONSUMED PRODUCT
4. MOST TRADED PRODUCT
5. MOST PROFITABLE PRODUCT FOR EXPORT
5. MOST PROMISING SUPPLYING COUNTRIES

Choosing the Best Countries to Establish Your Sustainable Supply Chain
This Chapter is Available Only for the Professional Edition PRO
1. TOP COUNTRIES TO SOURCE YOUR PRODUCT
2. TOP PRODUCING COUNTRIES
3. TOP EXPORTING COUNTRIES
4. LOW-COST EXPORTING COUNTRIES
6. MOST PROMISING OVERSEAS MARKETS

Choosing the Best Countries to Boost Your Exports
This Chapter is Available Only for the Professional Edition PRO
1. TOP OVERSEAS MARKETS FOR EXPORTING YOUR PRODUCT
2. TOP CONSUMING MARKETS
3. UNSATURATED MARKETS
4. TOP IMPORTING MARKETS
5. MOST PROFITABLE MARKETS
7. PRODUCTION

The Latest Trends and Insights into The Industry
1. PRODUCTION VOLUME AND VALUE
8. IMPORTS
The Largest Import Supplying Countries
1. IMPORTS FROM 2012–2023
2. IMPORTS BY COUNTRY
3. IMPORT PRICES BY COUNTRY
9. EXPORTS
The Largest Destinations for Exports
1. EXPORTS FROM 2012–2023
2. EXPORTS BY COUNTRY
3. EXPORT PRICES BY COUNTRY
10. PROFILES OF MAJOR PRODUCERS

The Largest Producers on The Market and Their Profiles
This Chapter is Available Only for the Professional Edition PRO
LIST OF TABLES
1. Key Findings In 2023
2. Market Volume, In Physical Terms, 2012–2023
3. Market Value, 2012–2023
4. Per Capita Consumption In 2012-2023
5. Imports, In Physical Terms, By Country, 2012–2023
6. Imports, In Value Terms, By Country, 2012–2023
7. Import Prices, By Country Of Origin, 2012–2023
8. Exports, In Physical Terms, By Country, 2012–2023
9. Exports, In Value Terms, By Country, 2012–2023
10. Export Prices, By Country Of Destination, 2012–2023
LIST OF FIGURES
1. Market Volume, In Physical Terms, 2012–2023
2. Market Value, 2012–2023
3. Market Structure – Domestic Supply vs. Imports, In Physical Terms, 2012-2023
4. Market Structure – Domestic Supply vs. Imports, In Value Terms, 2012-2023
5. Trade Balance, In Physical Terms, 2012-2023
6. Trade Balance, In Value Terms, 2012-2023
7. Per Capita Consumption, 2012-2023
8. Market Volume Forecast to 2030
9. Market Value Forecast to 2030
10. Products: Market Size And Growth, By Type
11. Products: Average Per Capita Consumption, By Type
12. Products: Exports And Growth, By Type
13. Products: Export Prices And Growth, By Type
14. Production Volume And Growth
15. Exports And Growth
16. Export Prices And Growth
17. Market Size And Growth
18. Per Capita Consumption
19. Imports And Growth
20. Import Prices
21. Production, In Physical Terms, 2012–2023
22. Production, In Value Terms, 2012–2023
23. Imports, In Physical Terms, 2012–2023
24. Imports, In Value Terms, 2012–2023
25. Imports, In Physical Terms, By Country, 2023
26. Imports, In Physical Terms, By Country, 2012–2023
27. Imports, In Value Terms, By Country, 2012–2023
28. Import Prices, By Country Of Origin, 2012–2023
29. Exports, In Physical Terms, 2012–2023
30. Exports, In Value Terms, 2012–2023
31. Exports, In Physical Terms, By Country, 2023
32. Exports, In Physical Terms, By Country, 2012–2023
33. Exports, In Value Terms, By Country, 2012–2023
34. Export Prices, By Country Of Destination, 2012–2023