Kuwait: Market for Rigid Tubes, Pipes and Hoses, of Other Polymers 2024

Market Size for Rigid Tubes, Pipes and Hoses, of Other Polymers in Kuwait

The Kuwaiti market for rigid tubes, pipes and hoses, of other polymers contracted slightly to $X in 2022, with a decrease of -5% against the previous year. In general, consumption, however, recorded a relatively flat trend pattern. Consumption of peaked at $X in 2017; however, from 2018 to 2022, consumption failed to regain momentum.

Production of Rigid Tubes, Pipes and Hoses, of Other Polymers in Kuwait

In value terms, production of rigid tubes, pipes and hoses, of other polymers reduced to $X in 2022 estimated in export price. Overall, production, however, continues to indicate a significant increase. The most prominent rate of growth was recorded in 2019 with an increase of 859% against the previous year. As a result, production attained the peak level of $X. From 2020 to 2022, production of growth remained at a somewhat lower figure.

Exports of Rigid Tubes, Pipes and Hoses, of Other Polymers

Exports from Kuwait

In 2022, shipments abroad of rigid tubes, pipes and hoses, of other polymers increased by 208% to X tons for the first time since 2019, thus ending a two-year declining trend. Over the period under review, exports, however, faced a deep setback. The growth pace was the most rapid in 2019 with an increase of 375%. The exports peaked at X tons in 2015; however, from 2016 to 2022, the exports failed to regain momentum.

In value terms, exports of rigid tubes, pipes and hoses, of other polymers surged to $X in 2022. In general, exports, however, continue to indicate a abrupt descent. The growth pace was the most rapid in 2015 when exports increased by 239% against the previous year. Over the period under review, the exports of attained the maximum at $X in 2012; however, from 2013 to 2022, the exports remained at a lower figure.

Exports by Country

Jordan (X tons) was the main destination for exports of rigid tubes, pipes and hoses, of other polymers from Kuwait, with a approx. 100% share of total exports.

From 2012 to 2022, the average annual rate of growth in terms of volume to Jordan stood at +35.0%.

In value terms, Jordan ($X) also remains the key foreign market for rigid tubes, pipes and hoses, of other polymers exports from Kuwait.

From 2012 to 2022, the average annual rate of growth in terms of value to Jordan totaled +26.7%.

Export Prices by Country

In 2022, the average export price for rigid tubes, pipes and hoses, of other polymers amounted to $X per ton, falling by -10.5% against the previous year. Overall, the export price, however, enjoyed notable growth. The most prominent rate of growth was recorded in 2018 when the average export price increased by 87%. As a result, the export price attained the peak level of $X per ton. From 2019 to 2022, the average export prices remained at a somewhat lower figure.

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

From 2012 to 2022, the rate of growth in terms of prices for Saudi Arabia amounted to +56.3% per year.

Imports of Rigid Tubes, Pipes and Hoses, of Other Polymers

Imports into Kuwait

In 2022, supplies from abroad of rigid tubes, pipes and hoses, of other polymers decreased by -18.8% to X tons for the first time since 2019, thus ending a two-year rising trend. Over the period under review, imports faced a sharp curtailment. The most prominent rate of growth was recorded in 2016 when imports increased by 241%. Imports peaked at X tons in 2017; however, from 2018 to 2022, imports remained at a lower figure.

In value terms, imports of rigid tubes, pipes and hoses, of other polymers reduced to $X in 2022. Overall, imports faced a abrupt curtailment. The pace of growth was the most pronounced in 2016 when imports increased by 215% against the previous year. Over the period under review, imports of reached the peak figure at $X in 2017; however, from 2018 to 2022, imports failed to regain momentum.

Imports by Country

The United Arab Emirates (X tons), Saudi Arabia (X tons) and the UK (X tons) were the main suppliers of imports of rigid tubes, pipes and hoses, of other polymers to Kuwait, together comprising 73% of total imports.

From 2012 to 2022, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by the UK (with a CAGR of +28.3%), while imports for the other leaders experienced more modest paces of growth.

In value terms, the largest rigid tubes, pipes and hoses, of other polymers suppliers to Kuwait were the United Arab Emirates ($X), Saudi Arabia ($X) and the UK ($X), together comprising 57% of total imports.

Saudi Arabia, with a CAGR of +18.4%, recorded the highest rates of growth with regard to the value of imports, in terms of the main suppliers 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 rigid tubes, pipes and hoses, of other polymers amounted to $X per ton, increasing by 15% against the previous year. In general, the import price saw moderate growth. The most prominent rate of growth was recorded in 2019 when the average import price increased by 93%. As a result, import price attained the peak level of $X per ton. From 2020 to 2022, the average import prices failed to regain momentum.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Germany ($X per ton), while the price for India ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Germany (+9.7%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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