Kuwait: Recovered Paper Market 2024

Recovered Paper Market Size in Kuwait

The Kuwaiti recovered paper market skyrocketed to $X in 2022, with an increase of 43% against the previous year. Over the period under review, consumption recorded a prominent expansion. Over the period under review, the market attained the peak level at $X in 2020; however, from 2021 to 2022, consumption failed to regain momentum.

Recovered Paper Production in Kuwait

In value terms, recovered paper production dropped modestly to $X in 2022 estimated in export price. Overall, production continues to indicate a noticeable curtailment. The pace of growth was the most pronounced in 2017 when the production volume increased by 15%. As a result, production reached the peak level of $X. From 2018 to 2022, production growth remained at a somewhat lower figure.

Recovered Paper Exports

Exports from Kuwait

Recovered paper exports from Kuwait contracted significantly to X tons in 2022, which is down by -40% on the previous year. Overall, exports showed a abrupt shrinkage. The pace of growth was the most pronounced in 2021 when exports increased by 406%. Over the period under review, the exports reached the peak figure at X tons in 2016; however, from 2017 to 2022, the exports remained at a lower figure.

In value terms, recovered paper exports shrank remarkably to $X in 2022. Over the period under review, exports continue to indicate a deep setback. The growth pace was the most rapid in 2021 with an increase of 515%. The exports peaked at $X in 2013; however, from 2014 to 2022, the exports stood at a somewhat lower figure.

Exports by Country

India (X tons) was the main destination for recovered paper exports from Kuwait, accounting for a 73% share of total exports. Moreover, recovered paper exports to India exceeded the volume sent to the second major destination, Thailand (X tons), sevenfold. Malaysia (X tons) ranked third in terms of total exports with a 6.4% share.

From 2012 to 2022, the average annual growth rate of volume to India stood at -7.6%. Exports to the other major destinations recorded the following average annual rates of exports growth: Thailand (-5.1% per year) and Malaysia (+11.8% per year).

In value terms, India ($X) remains the key foreign market for recovered paper exports from Kuwait, comprising 80% of total exports. The second position in the ranking was taken by Malaysia ($X), with a 7.8% share of total exports. It was followed by Thailand, with a 4.9% share.

From 2012 to 2022, the average annual growth rate of value to India totaled -6.2%. Exports to the other major destinations recorded the following average annual rates of exports growth: Malaysia (+9.6% per year) and Thailand (-13.2% per year).

Export Prices by Country

In 2022, the average recovered paper export price amounted to $X per ton, declining by -3.2% against the previous year. In general, the export price, however, recorded a relatively flat trend pattern. The most prominent rate of growth was recorded in 2021 an increase of 22%. The export price peaked at $X per ton in 2017; however, from 2018 to 2022, the export prices failed to regain momentum.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Malaysia ($X per ton), while the average price for exports to Thailand ($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 India (+1.5%), while the prices for the other major destinations experienced a decline.

Recovered Paper Imports

Imports into Kuwait

In 2022, the amount of recovered paper imported into Kuwait reduced to X tons, shrinking by -8.7% against the previous year's figure. Over the period under review, imports continue to indicate a sharp setback. The growth pace was the most rapid in 2016 when imports increased by 49%. Over the period under review, imports reached the maximum at X tons in 2017; however, from 2018 to 2022, imports failed to regain momentum.

In value terms, recovered paper imports reduced modestly to $X in 2022. In general, imports recorded a deep slump. The growth pace was the most rapid in 2017 with an increase of 680%. As a result, imports reached the peak of $X. From 2018 to 2022, the growth of imports failed to regain momentum.

Imports by Country

Saudi Arabia (X tons), Free Zones (X tons) and India (X tons) were the main suppliers of recovered paper imports to Kuwait, with a combined 92% share of total imports.

From 2012 to 2022, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by India (with a CAGR of +30.9%), while imports for the other leaders experienced a decline.

In value terms, Saudi Arabia ($X) constituted the largest supplier of recovered paper to Kuwait, comprising 49% of total imports. The second position in the ranking was taken by India ($X), with a 22% share of total imports. It was followed by the United States, with a 5.1% share.

From 2012 to 2022, the average annual rate of growth in terms of value from Saudi Arabia totaled -10.8%. The remaining supplying countries recorded the following average annual rates of imports growth: India (+52.3% per year) and the United States (-25.0% per year).

Import Prices by Country

The average recovered paper import price stood at $X per ton in 2022, with an increase of 8.1% against the previous year. Over the period under review, the import price enjoyed a remarkable increase. The most prominent rate of growth was recorded in 2017 when the average import price increased by 475%. The import price peaked at $X per ton in 2020; however, from 2021 to 2022, import prices failed to regain momentum.

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 the United States ($X per ton), while the price for Free Zones ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by the United States (+31.8%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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