Kuwait: Market for Ready-Mixed Concrete And Factory Made Mortars 2024

Market Size for Ready-Mixed Concrete And Factory Made Mortars in Kuwait

The Kuwaiti market for ready-mixed concrete and factory made mortars fell to $X in 2022, with a decrease of 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, posted a resilient increase. As a result, consumption attained the peak level of $X. From 2019 to 2022, the growth of the market remained at a somewhat lower figure.

Exports of Ready-Mixed Concrete And Factory Made Mortars

Exports from Kuwait

After two years of growth, shipments abroad of ready-mixed concrete and factory made mortars decreased by X% to X tons in 2022. In general, exports continue to indicate a deep downturn. The most prominent rate of growth was recorded in 2015 with an increase of X%. As a result, the exports attained the peak of X tons. From 2016 to 2022, the growth of the exports of failed to regain momentum.

In value terms, exports of ready-mixed concrete and factory made mortars rose modestly to $X in 2022. Over the period under review, exports showed a deep setback. The most prominent rate of growth was recorded in 2015 with an increase of X%. As a result, the exports reached the peak of $X. From 2016 to 2022, the growth of the exports of remained at a somewhat lower figure.

Exports by Country

Saudi Arabia (X tons) was the main destination for exports of ready-mixed concrete and factory made mortars from Kuwait, with a X% share of total exports. Moreover, exports of ready-mixed concrete and factory made mortars to Saudi Arabia exceeded the volume sent to the second major destination, Bahrain (X tons), twofold. Jordan (X tons) ranked third in terms of total exports with a X% share.

From 2012 to 2022, the average annual rate of growth in terms of volume to Saudi Arabia stood at X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Bahrain (X% per year) and Jordan (X% per year).

In value terms, Saudi Arabia ($X), Syrian Arab Republic ($X) and Qatar ($X) were the largest markets for ready-mixed concrete and factory made mortar exported from Kuwait worldwide, with a combined X% share of total exports. Bahrain and Jordan lagged somewhat behind, together comprising a further X%.

Jordan, with a CAGR of X%, saw the highest rates of growth with regard to the value of exports, among the main countries of destination over the period under review, while shipments for the other leaders experienced a decline.

Export Prices by Country

In 2022, the average export price for ready-mixed concrete and factory made mortars amounted to $X per ton, increasing by X% against the previous year. Over the period from 2012 to 2022, it increased at an average annual rate of X%. The most prominent rate of growth was recorded in 2013 an increase of X%. The export price peaked at $X per ton in 2019; however, from 2020 to 2022, the export prices remained at a lower figure.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Syrian Arab Republic ($X per ton), while the average price for exports to Bahrain ($X per ton) was amongst the lowest.

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

Imports of Ready-Mixed Concrete And Factory Made Mortars

Imports into Kuwait

In 2022, approx. X tons of ready-mixed concrete and factory made mortars were imported into Kuwait; which is down by X% compared with 2021 figures. Over the period under review, imports, however, recorded a strong expansion. The pace of growth was the most pronounced in 2018 with an increase of X% against the previous year. As a result, imports attained the peak of X tons. From 2019 to 2022, the growth of imports of remained at a somewhat lower figure.

In value terms, imports of ready-mixed concrete and factory made mortars reduced to $X in 2022. Overall, imports, however, saw prominent growth. The most prominent rate of growth was recorded in 2018 with an increase of X%. As a result, imports reached the peak of $X. From 2019 to 2022, the growth of imports of remained at a somewhat lower figure.

Imports by Country

In 2022, Italy (X tons) constituted the largest ready-mixed concrete and factory made mortar supplier to Kuwait, accounting for a X% share of total imports. Moreover, imports of ready-mixed concrete and factory made mortars from Italy exceeded the figures recorded by the second-largest supplier, the United Arab Emirates (X tons), twofold.

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

In value terms, Italy ($X) constituted the largest supplier of ready-mixed concrete and factory made mortars to Kuwait, comprising X% of total imports. The second position in the ranking was taken by the United Arab Emirates ($X), with a X% share of total imports.

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

Import Prices by Country

In 2022, the average import price for ready-mixed concrete and factory made mortars amounted to $X per ton, increasing by X% against the previous year. Overall, the import price, however, recorded a relatively flat trend pattern. The growth pace was the most rapid in 2019 when the average import price increased by X%. Over the period under review, average import prices hit record highs at $X per ton in 2020; however, from 2021 to 2022, import prices failed to regain momentum.

Average prices varied noticeably amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was the United Arab Emirates ($X per ton), while the price for Spain ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Spain (X%), while the prices for the other major suppliers experienced mixed trend patterns.

Source: IndexBox Platform

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