Kuwait: Market for Safety glass, toughened (tempered), of size and shape suitable for incorporation in vehicles, aircraft, spacecraft or vessels 2022

Market Size for Safety glass, toughened (tempered), of size and shape suitable for incorporation in vehicles, aircraft, spacecraft or vessels in Kuwait

In 2020, the Kuwaiti market for safety glass, toughened (tempered), of size and shape suitable for incorporation in vehicles, aircraft, spacecraft or vesselses increased by X% to $X for the first time since 2016, thus ending a three-year declining trend. Over the period under review, consumption, however, continues to indicate buoyant growth. The pace of growth appeared the most rapid in 2008 with an increase of X% against the previous year. Over the period under review, the market attained the maximum level at $X in 2014; however, from 2015 to 2020, consumption stood at a somewhat lower figure.

Exports of Safety glass, toughened (tempered), of size and shape suitable for incorporation in vehicles, aircraft, spacecraft or vessels

Exports from Kuwait

For the third consecutive year, Kuwait recorded decline in shipments abroad of safety glass, toughened (tempered), of size and shape suitable for incorporation in vehicles, aircraft, spacecraft or vesselses, which decreased by -X% to X square meters in 2020. Over the period under review, exports saw a deep slump. The pace of growth appeared the most rapid in 2015 with an increase of X% against the previous year. Over the period under review, exports reached the maximum at X square meters in 2009; however, from 2010 to 2020, exports failed to regain the momentum.

In value terms, exports of safety glass, toughened (tempered), of size and shape suitable for incorporation in vehicles, aircraft, spacecraft or vesselses surged to $X in 2020. Overall, exports posted a notable increase. The pace of growth appeared the most rapid in 2015 when exports increased by X% y-o-y. As a result, exports reached the peak of $X. from 2016 to 2020, the growth of exports remained at a lower figure.

Exports by Country

The United Arab Emirates (X square meters) was the main destination for exports of safety glass, toughened (tempered), of size and shape suitable for incorporation in vehicles, aircraft, spacecraft or vesselses from Kuwait, with a approx. X% share of total exports.

From 2007 to 2020, the average annual rate of growth in terms of volume to the United Arab Emirates stood at +X%.

In value terms, the United Arab Emirates ($X) also remains the key foreign market for safety glass, toughened (tempered), of size and shape suitable for incorporation in vehicles, aircraft, spacecraft or vessels exports from Kuwait.

From 2007 to 2020, the average annual rate of growth in terms of value to the United Arab Emirates stood at +X%.

Export Prices by Country

In 2020, the average export price for safety glass, toughened (tempered), of size and shape suitable for incorporation in vehicles, aircraft, spacecraft or vesselses amounted to $X per square meter, with an increase of X% against the previous year. Overall, the export price recorded a buoyant increase. As a result, export price reached the peak level and is likely to continue growth in the immediate term.

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

From 2007 to 2020, the rate of growth in terms of prices for the United Arab Emirates amounted to +X% per year.

Imports of Safety glass, toughened (tempered), of size and shape suitable for incorporation in vehicles, aircraft, spacecraft or vessels

Imports into Kuwait

For the fourth consecutive year, Kuwait recorded decline in purchases abroad of safety glass, toughened (tempered), of size and shape suitable for incorporation in vehicles, aircraft, spacecraft or vesselses, which decreased by -X% to X square meters in 2020. Over the period under review, imports, however, recorded a resilient increase. The most prominent rate of growth was recorded in 2008 when imports increased by X% year-to-year. Imports peaked at X square meters in 2016; however, from 2017 to 2020, imports failed to regain the momentum.

In value terms, imports of safety glass, toughened (tempered), of size and shape suitable for incorporation in vehicles, aircraft, spacecraft or vesselses surged to $X in 2020. Overall, imports, however, saw resilient growth. The growth pace was the most rapid in 2008 with an increase of X% y-o-y. Imports peaked in 2020 and are expected to retain growth in the immediate term.

Imports by Country

Saudi Arabia (X square meters), China (X square meters) and Japan (X square meters) were the main suppliers of imports of safety glass, toughened (tempered), of size and shape suitable for incorporation in vehicles, aircraft, spacecraft or vesselses to Kuwait, with a combined X% share of total imports. These countries were followed by India and the Czech Republic, which together accounted for a further X 2007 to 2020, the biggest increases were in India (+X% per year), while purchases for the other leaders experienced more modest paces of growth.

In value terms, Japan ($X) constituted the largest supplier of safety glass, toughened (tempered), of size and shape suitable for incorporation in vehicles, aircraft, spacecraft or vessels to Kuwait, comprising X% of total imports. The second position in the ranking was occupied by Saudi Arabia ($X), with a X% share of total imports. It was followed by China, with a X% share.

From 2007 to 2020, the average annual rate of growth in terms of value from Japan totaled +X%. The remaining supplying countries recorded the following average annual rates of imports growth: Saudi Arabia (-X% per year) and China (+X% per year).

Import Prices by Country

The average import price for safety glass, toughened (tempered), of size and shape suitable for incorporation in vehicles, aircraft, spacecraft or vesselses stood at $X per square meter in 2020, jumping by X% against the previous year. Overall, the import price recorded buoyant growth. As a result, import price attained the peak level and is likely to continue growth in the immediate term.

There were significant differences in the average prices amongst the major supplying countries. In 2020, the country with the highest price was the Czech Republic ($X per square meter), while the price for Saudi Arabia ($X per square meter) was amongst the lowest.

From 2007 to 2020, the most notable rate of growth in terms of prices was attained by China, while the prices for the other major suppliers experienced mixed trend patterns.

Source: IndexBox Platform

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