Kuwait: Market for Sanitary Ware And Parts Of Iron Or Steel 2025

Market Size for Sanitary Ware And Parts Of Iron Or Steel in Kuwait

The Kuwaiti market for sanitary ware and parts of iron or steel soared to $X in 2021, jumping by 66% against the previous year. Overall, consumption recorded a buoyant increase. As a result, consumption attained the peak level and is likely to continue growth in the immediate term.

Production of Sanitary Ware And Parts Of Iron Or Steel in Kuwait

In value terms, iron or steel sanitary ware production surged to $X in 2021 estimated in export price. Overall, production, however, faced a abrupt decline. Over the period under review, production hit record highs at $X in 2019; however, from 2020 to 2021, production remained at a lower figure.

Exports of Sanitary Ware And Parts Of Iron Or Steel

Exports from Kuwait

In 2021, iron or steel sanitary ware exports from Kuwait shrank sharply to X tons, waning by -73.6% on 2020. Over the period under review, exports showed a dramatic downturn. The most prominent rate of growth was recorded in 2017 with an increase of 115%. Over the period under review, the exports hit record highs at X tons in 2013; however, from 2014 to 2021, the exports stood at a somewhat lower figure.

In value terms, iron or steel sanitary ware exports plummeted to $X in 2021. Overall, exports saw a sharp downturn. The pace of growth was the most pronounced in 2019 when exports increased by 306%. The exports peaked at $X in 2012; however, from 2013 to 2021, the exports remained at a lower figure.

Exports by Country

Saudi Arabia (X tons) and Oman (X tons) were the main destinations of iron or steel sanitary ware exports from Kuwait.

From 2012 to 2021, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by Oman (with a CAGR of 0.0%).

In value terms, the largest markets for iron or steel sanitary ware exported from Kuwait were Saudi Arabia ($X) and Oman ($X).

In terms of the main countries of destination, Oman, with a CAGR of 0.0%, saw the highest growth rate of the value of exports, over the period under review.

Export Prices by Country

The average export price for sanitary ware and parts of iron or steel stood at $X per ton in 2021, picking up by 10% against the previous year. In general, the export price showed buoyant growth. The most prominent rate of growth was recorded in 2019 when the average export price increased by 109%. The export price peaked in 2021 and is likely to continue growth in the near future.

Average prices varied noticeably for the major export markets. In 2021, the country with the highest price was Oman ($X per ton), while the average price for exports to Saudi Arabia totaled $X per ton.

From 2012 to 2021, the most notable rate of growth in terms of prices was recorded for supplies to Pakistan (+29.6%), while the prices for the other major destinations experienced mixed trend patterns.

Imports of Sanitary Ware And Parts Of Iron Or Steel

Imports into Kuwait

In 2021, after three years of decline, there was significant growth in supplies from abroad of sanitary ware and parts of iron or steel, when their volume increased by 73% to X tons. In general, imports, however, continue to indicate a perceptible decrease. Imports peaked at X tons in 2012; however, from 2013 to 2021, imports stood at a somewhat lower figure.

In value terms, iron or steel sanitary ware imports skyrocketed to $X in 2021. Over the period under review, imports enjoyed a pronounced increase. The most prominent rate of growth was recorded in 2017 with an increase of 73%. As a result, imports attained the peak of $X. From 2018 to 2021, the growth of imports remained at a lower figure.

Imports by Country

The United Arab Emirates (X tons), China (X tons) and Italy (X tons) were the main suppliers of iron or steel sanitary ware imports to Kuwait, together comprising 79% of total imports. These countries were followed by the UK, Germany, the United States, Turkey and Spain, which together accounted for a further 16%.

From 2012 to 2021, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by the United States (with a CAGR of +14.2%), while imports for the other leaders experienced more modest paces of growth.

In value terms, the United Arab Emirates ($X), the UK ($X) and China ($X) constituted the largest iron or steel sanitary ware suppliers to Kuwait, together accounting for 64% of total imports.

In terms of the main suppliers, the UK, with a CAGR of +17.0%, recorded the highest growth rate of the value of imports, over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

The average import price for sanitary ware and parts of iron or steel stood at $X per ton in 2021, dropping by -2.4% against the previous year. Over the period under review, import price indicated a prominent increase from 2012 to 2021: its price increased at an average annual rate of +6.2% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, iron or steel sanitary ware import price decreased by -8.8% against 2018 indices. The pace of growth was the most pronounced in 2015 when the average import price increased by 29%. The import price peaked at $X per ton in 2018; however, from 2019 to 2021, import prices remained at a lower figure.

There were significant differences in the average prices amongst the major supplying countries. In 2021, the country with the highest price was the UK ($X per ton), while the price for the United Arab Emirates ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by the UK (+26.4%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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