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

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

The Kuwaiti market for rigid tubes, pipes and hoses of polymers of vinyl chloride dropped to $X in 2022, which is down by -13.2% 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 recorded a relatively flat trend pattern. Over the period under review, the market reached the peak level at $X in 2014; however, from 2015 to 2022, consumption stood at a somewhat lower figure.

Exports of Rigid Tubes, Pipes and Hoses of Polymers of Vinyl Chloride

Exports from Kuwait

In 2022, overseas shipments of rigid tubes, pipes and hoses of polymers of vinyl chloride were finally on the rise to reach X tons after three years of decline. Over the period under review, exports showed a significant expansion. The pace of growth appeared the most rapid in 2015 when exports increased by 330% against the previous year. Over the period under review, the exports attained the peak figure at X tons in 2018; however, from 2019 to 2022, the exports failed to regain momentum.

In value terms, vinyl chloride polymer rigid pipes exports soared to $X in 2022. In general, exports posted significant growth. The pace of growth appeared the most rapid in 2016 when exports increased by 236% against the previous year. As a result, the exports attained the peak of $X. From 2017 to 2022, the growth of the exports failed to regain momentum.

Exports by Country

Jordan (X tons), Saudi Arabia (X tons) and Lebanon (X tons) were the main destinations of vinyl chloride polymer rigid pipes exports from Kuwait, with a combined 95% share of total exports.

From 2012 to 2022, the biggest increases were recorded for Jordan (with a CAGR of +71.8%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, Jordan ($X) remains the key foreign market for rigid tubes, pipes and hoses of polymers of vinyl chloride exports from Kuwait, comprising 61% of total exports. The second position in the ranking was taken by Saudi Arabia ($X), with a 29% share of total exports. It was followed by Lebanon, with a 3.8% share.

From 2012 to 2022, the average annual growth rate of value to Jordan amounted to +74.5%. Exports to the other major destinations recorded the following average annual rates of exports growth: Saudi Arabia (+45.9% per year) and Lebanon (+18.9% per year).

Export Prices by Country

In 2022, the average export price for rigid tubes, pipes and hoses of polymers of vinyl chloride amounted to $X per ton, almost unchanged from the previous year. In general, the export price continues to indicate a noticeable decrease. The pace of growth appeared the most rapid in 2016 when the average export price increased by 39%. Over the period under review, the average export prices hit record highs at $X per ton in 2012; however, from 2013 to 2022, the export prices stood at a somewhat lower figure.

There were significant differences in the average prices for the major foreign markets. In 2022, amid the top suppliers, the country with the highest price was Jordan ($X per ton), while the average price for exports to Lebanon ($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 Jordan (+1.6%), while the prices for the other major destinations experienced a decline.

Imports of Rigid Tubes, Pipes and Hoses of Polymers of Vinyl Chloride

Imports into Kuwait

Vinyl chloride polymer rigid pipes imports into Kuwait shrank to X tons in 2022, with a decrease of -7.8% on 2021 figures. Overall, total imports indicated slight growth from 2012 to 2022: its volume increased at an average annual rate of +1.5% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +8.9% against 2020 indices. The pace of growth appeared the most rapid in 2013 with an increase of 42% against the previous year. Over the period under review, imports reached the peak figure at X tons in 2014; however, from 2015 to 2022, imports stood at a somewhat lower figure.

In value terms, vinyl chloride polymer rigid pipes imports fell to $X in 2022. Over the period under review, total imports indicated pronounced growth from 2012 to 2022: its value increased at an average annual rate of +2.1% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +9.8% against 2020 indices. The pace of growth was the most pronounced in 2013 when imports increased by 51%. Imports peaked at $X in 2018; however, from 2019 to 2022, imports failed to regain momentum.

Imports by Country

The UK (X tons), Bahrain (X tons) and Saudi Arabia (X tons) were the main suppliers of vinyl chloride polymer rigid pipes imports to Kuwait, with a combined 75% 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 Saudi Arabia (with a CAGR of +58.2%), while imports for the other leaders experienced more modest paces of growth.

In value terms, the UK ($X) constituted the largest supplier of rigid tubes, pipes and hoses of polymers of vinyl chloride to Kuwait, comprising 54% of total imports. The second position in the ranking was taken by Bahrain ($X), with a 15% share of total imports. It was followed by Saudi Arabia, with an 11% share.

From 2012 to 2022, the average annual rate of growth in terms of value from the UK totaled +8.9%. The remaining supplying countries recorded the following average annual rates of imports growth: Bahrain (-0.6% per year) and Saudi Arabia (+52.1% per year).

Import Prices by Country

In 2022, the average import price for rigid tubes, pipes and hoses of polymers of vinyl chloride amounted to $X per ton, therefore, remained relatively stable against the previous year. Over the period under review, the import price, however, continues to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in 2015 an increase of 16% against the previous year. Over the period under review, average import prices reached the peak figure at $X per ton in 2018; however, from 2019 to 2022, import prices remained at a 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 the UK ($X per ton), while the price for South Korea ($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 UK (+7.0%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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