Kuwait: Quilted Textile Products Market 2024

Quilted Textile Products Market Size in Kuwait

In 2021, the Kuwaiti quilted textile products market decreased by -8.3% to $X, falling for the third consecutive year after three years of growth. Over the period under review, the total consumption indicated perceptible growth from 2012 to 2021: its value increased at an average annual rate of +2.6% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, consumption decreased by -38.1% against 2018 indices. Over the period under review, the market attained the peak level at $X in 2018; however, from 2019 to 2021, consumption stood at a somewhat lower figure.

Quilted Textile Products Production in Kuwait

In value terms, quilted textile products production soared to $X in 2021 estimated in export price. Over the period under review, production continues to indicate prominent growth. The most prominent rate of growth was recorded in 2015 with an increase of 92% against the previous year. Over the period under review, production attained the peak level at $X in 2017; however, from 2018 to 2021, production failed to regain momentum.

Quilted Textile Products Exports

Exports from Kuwait

In 2021, overseas shipments of quilted textile products in the piece (excluding embroidery) were finally on the rise to reach X kg for the first time since 2017, thus ending a three-year declining trend. In general, exports continue to indicate measured growth. The most prominent rate of growth was recorded in 2015 when exports increased by 313%. Over the period under review, the exports attained the maximum at X kg in 2017; however, from 2018 to 2021, the exports stood at a somewhat lower figure.

In value terms, quilted textile products exports dropped to $X in 2021. Overall, exports, however, showed a deep downturn. The pace of growth appeared the most rapid in 2015 with an increase of 184%. Over the period under review, the exports reached the maximum at $X in 2017; however, from 2018 to 2021, the exports stood at a somewhat lower figure.

Exports by Country

Saudi Arabia (X kg) was the main destination for quilted textile products exports from Kuwait, with a approx. 100% share of total exports.

From 2012 to 2021, the average annual rate of growth in terms of volume to Saudi Arabia amounted to +3.3%.

In value terms, Saudi Arabia ($X) also remains the key foreign market for quilted textile products in the piece (excluding embroidery) exports from Kuwait.

From 2012 to 2021, the average annual rate of growth in terms of value to Saudi Arabia amounted to -12.9%.

Export Prices by Country

The average quilted textile products export price stood at $X per ton in 2021, reducing by -42.5% against the previous year. In general, the export price faced a deep downturn. The pace of growth appeared the most rapid in 2016 when the average export price increased by 70% against the previous year. As a result, the export price attained the peak level of $X per ton. From 2017 to 2021, the average export prices remained at a lower figure.

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

From 2012 to 2021, the rate of growth in terms of prices for Saudi Arabia amounted to -15.6% per year.

Quilted Textile Products Imports

Imports into Kuwait

In 2021, quilted textile products imports into Kuwait contracted markedly to X tons, with a decrease of -71.2% compared with 2020. In general, imports continue to indicate a precipitous setback. The pace of growth was the most pronounced in 2020 when imports increased by 229%. Over the period under review, imports reached the maximum at X tons in 2014; however, from 2015 to 2021, imports failed to regain momentum.

In value terms, quilted textile products imports fell notably to $X in 2021. Overall, imports showed a significant decline. The most prominent rate of growth was recorded in 2020 when imports increased by 223% against the previous year. Imports peaked at $X in 2014; however, from 2015 to 2021, imports failed to regain momentum.

Imports by Country

In 2021, Thailand (X tons) constituted the largest supplier of quilted textile products to Kuwait, with a 59% share of total imports. Moreover, quilted textile products imports from Thailand exceeded the figures recorded by the second-largest supplier, Egypt (X kg), threefold. The third position in this ranking was held by China (X kg), with a 9.3% share.

From 2012 to 2021, the average annual rate of growth in terms of volume from Thailand totaled +63.7%. The remaining supplying countries recorded the following average annual rates of imports growth: Egypt (-32.1% per year) and China (-18.2% per year).

In value terms, South Korea ($X) constituted the largest supplier of quilted textile products in the piece (excluding embroidery) to Kuwait, comprising 39% of total imports. The second position in the ranking was held by China ($X), with a 15% share of total imports. It was followed by Thailand, with an 11% share.

From 2012 to 2021, the average annual growth rate of value from South Korea totaled +45.7%. The remaining supplying countries recorded the following average annual rates of imports growth: China (-20.8% per year) and Thailand (+19.7% per year).

Import Prices by Country

In 2021, the average quilted textile products import price amounted to $X per ton, shrinking by -9.3% against the previous year. Overall, the import price recorded a perceptible slump. The pace of growth was the most pronounced in 2013 an increase of 23%. As a result, import price attained the peak level of $X per ton. From 2014 to 2021, the average import prices failed to regain momentum.

There were significant differences in the average prices amongst the major supplying countries. In 2021, the country with the highest price was India ($X per ton), while the price for Egypt ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Turkey (+16.6%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :