Kuwait: Safety Glass Market 2024

Safety Glass Exports

Exports from Kuwait

In 2022, exports of safety glass from Kuwait soared to X square meters, picking up by 42% against the year before. Over the period under review, exports posted a significant increase. The pace of growth was the most pronounced in 2017 when exports increased by 941%. The exports peaked at X square meters in 2018; however, from 2019 to 2022, the exports remained at a lower figure.

In value terms, safety glass exports soared to $X in 2022. Overall, exports continue to indicate a buoyant expansion. The pace of growth was the most pronounced in 2017 with an increase of 528% against the previous year. The exports peaked in 2022 and are expected to retain growth in the immediate term.

Exports by Country

Saudi Arabia (X square meters) was the main destination for safety glass exports from Kuwait, accounting for a 85% share of total exports. Moreover, safety glass exports to Saudi Arabia exceeded the volume sent to the second major destination, Qatar (X square meters), threefold. The third position in this ranking was taken by Oman (X square meters), with an 8.7% share.

From 2012 to 2021, the average annual rate of growth in terms of volume to Saudi Arabia stood at +21.4%. Exports to the other major destinations recorded the following average annual rates of exports growth: Qatar (+36.7% per year) and Oman (+26.2% per year).

In value terms, Saudi Arabia ($X) remains the key foreign market for safety glass exports from Kuwait, comprising 104% of total exports. The second position in the ranking was taken by Qatar ($X), with a 17% share of total exports. It was followed by Singapore, with a 7.8% share.

From 2012 to 2021, the average annual growth rate of value to Saudi Arabia stood at +42.8%. Exports to the other major destinations recorded the following average annual rates of exports growth: Qatar (+37.4% per year) and Singapore (+11.6% per year).

Export Prices by Country

The average safety glass export price stood at $X per square meter in 2021, waning by -1.6% against the previous year. Over the period under review, the export price continues to indicate a pronounced slump. The growth pace was the most rapid in 2014 an increase of 123%. As a result, the export price attained the peak level of $X per square meter. From 2015 to 2021, the average export prices failed to regain momentum.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Singapore ($X per square meter), while the average price for exports to Oman ($X per square meter) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was recorded for supplies to Singapore (+42.7%), while the prices for the other major destinations experienced more modest paces of growth.

Safety Glass Imports

Imports into Kuwait

Safety glass imports into Kuwait fell dramatically to X square meters in 2022, dropping by -35.9% compared with the previous year's figure. Over the period under review, total imports indicated a noticeable expansion from 2012 to 2022: its volume increased at an average annual rate of +2.8% 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 +18.8% against 2020 indices. The pace of growth appeared the most rapid in 2021 with an increase of 85%. As a result, imports reached the peak of X square meters, and then dropped markedly in the following year.

In value terms, safety glass imports shrank dramatically to $X in 2022. In general, imports recorded a relatively flat trend pattern. The pace of growth appeared the most rapid in 2019 with an increase of 35%. As a result, imports reached the peak of $X. From 2020 to 2022, the growth of imports failed to regain momentum.

Imports by Country

In 2021, China (X square meters) constituted the largest supplier of safety glass to Kuwait, accounting for a 44% share of total imports. Moreover, safety glass imports from China exceeded the figures recorded by the second-largest supplier, the United Arab Emirates (X square meters), fivefold. The third position in this ranking was taken by Saudi Arabia (X square meters), with a 5% share.

From 2012 to 2021, the average annual growth rate of volume from China stood at +9.1%. The remaining supplying countries recorded the following average annual rates of imports growth: the United Arab Emirates (+0.6% per year) and Saudi Arabia (-9.1% per year).

In value terms, China ($X) constituted the largest supplier of safety glass to Kuwait, comprising 29% of total imports. The second position in the ranking was held by the United Arab Emirates ($X), with a 12% share of total imports. It was followed by Japan, with an 11% share.

From 2012 to 2021, the average annual rate of growth in terms of value from China totaled +13.9%. The remaining supplying countries recorded the following average annual rates of imports growth: the United Arab Emirates (+6.8% per year) and Japan (+5.8% per year).

Import Prices by Country

The average safety glass import price stood at $X per square meter in 2021, falling by -30.3% against the previous year. In general, the import price recorded a relatively flat trend pattern. The most prominent rate of growth was recorded in 2019 when the average import price increased by 23% against the previous year. The import price peaked at $X per square meter in 2020, and then reduced notably in the following year.

There were significant differences in the average prices amongst the major supplying countries. In 2021, amid the top importers, the country with the highest price was Germany ($X per square meter), while the price for Lebanon ($X per square meter) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Germany (+25.3%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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