Kuwait: Market for Shawls, Scarves And The Like Of Knitted Or Crocheted Textiles 2024

Market Size for Shawls, Scarves And The Like Of Knitted Or Crocheted Textiles in Kuwait

In 2022, the Kuwaiti knitted shawl and scarf market increased by 0.8% to $X, rising for the second year in a row after three years of decline. Overall, consumption, however, recorded a slight decline. As a result, consumption reached the peak level of $X. From 2016 to 2022, the growth of the market remained at a lower figure.

Exports of Shawls, Scarves And The Like Of Knitted Or Crocheted Textiles

Exports from Kuwait

After two years of growth, shipments abroad of shawls, scarves and the like of knitted or crocheted textiles decreased by -38.5% to X units in 2022. Over the period under review, exports, however, showed a strong increase. The growth pace was the most rapid in 2014 when exports increased by 101% against the previous year. Over the period under review, the exports attained the maximum at X units in 2021, and then dropped rapidly in the following year.

In value terms, knitted shawl and scarf exports contracted sharply to $X in 2022. Overall, exports, however, enjoyed a prominent expansion. The most prominent rate of growth was recorded in 2014 with an increase of 472% against the previous year. As a result, the exports attained the peak of $X. From 2015 to 2022, the growth of the exports remained at a somewhat lower figure.

Exports by Country

Jordan (X units) was the main destination for knitted shawl and scarf exports from Kuwait, with a 65% share of total exports. Moreover, knitted shawl and scarf exports to Jordan exceeded the volume sent to the second major destination, Bahrain (X units), fivefold. Saudi Arabia (X units) ranked third in terms of total exports with a 5.4% share.

From 2012 to 2022, the average annual growth rate of volume to Jordan totaled +48.8%. Exports to the other major destinations recorded the following average annual rates of exports growth: Bahrain (-7.5% per year) and Saudi Arabia (+25.0% per year).

In value terms, Jordan ($X) remains the key foreign market for shawls, scarves and the like of knitted or crocheted textiles exports from Kuwait, comprising 89% of total exports. The second position in the ranking was held by Bahrain ($X), with a 1.9% share of total exports. It was followed by Saudi Arabia, with a 1.8% share.

From 2012 to 2022, the average annual growth rate of value to Jordan totaled +29.8%. Exports to the other major destinations recorded the following average annual rates of exports growth: Bahrain (-10.3% per year) and Saudi Arabia (+29.4% per year).

Export Prices by Country

The average knitted shawl and scarf export price stood at $X per unit in 2022, growing by 16% against the previous year. In general, the export price recorded a remarkable increase. The pace of growth was the most pronounced in 2014 when the average export price increased by 184% against the previous year. As a result, the export price attained the peak level of $X per unit. From 2015 to 2022, the average export prices remained at a somewhat lower figure.

There were significant differences in the average prices for the major external markets. In 2022, amid the top suppliers, the country with the highest price was Italy ($X per unit), while the average price for exports to Tunisia ($X per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Egypt (+101.6%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Shawls, Scarves And The Like Of Knitted Or Crocheted Textiles

Imports into Kuwait

In 2022, approx. X units of shawls, scarves and the like of knitted or crocheted textiles were imported into Kuwait; picking up by 32% compared with the year before. Over the period under review, imports, however, showed a relatively flat trend pattern. The most prominent rate of growth was recorded in 2015 with an increase of 96% against the previous year. As a result, imports reached the peak of X units. From 2016 to 2022, the growth of imports failed to regain momentum.

In value terms, knitted shawl and scarf imports reduced to $X in 2022. Overall, imports, however, saw a slight decline. The most prominent rate of growth was recorded in 2015 when imports increased by 58%. As a result, imports attained the peak of $X. From 2016 to 2022, the growth of imports failed to regain momentum.

Imports by Country

In 2022, China (X units) constituted the largest knitted shawl and scarf supplier to Kuwait, accounting for a 78% share of total imports. Moreover, knitted shawl and scarf imports from China exceeded the figures recorded by the second-largest supplier, India (X units), tenfold. The third position in this ranking was held by Turkey (X units), with a 6% share.

From 2012 to 2022, the average annual rate of growth in terms of volume from China totaled -1.2%. The remaining supplying countries recorded the following average annual rates of imports growth: India (+7.7% per year) and Turkey (+14.4% per year).

In value terms, China ($X) constituted the largest supplier of shawls, scarves and the like of knitted or crocheted textiles to Kuwait, comprising 57% of total imports. The second position in the ranking was held by the United Arab Emirates ($X), with a 12% share of total imports. It was followed by Turkey, with a 6.3% share.

From 2012 to 2022, the average annual rate of growth in terms of value from China amounted to -2.1%. The remaining supplying countries recorded the following average annual rates of imports growth: the United Arab Emirates (+11.2% per year) and Turkey (+23.8% per year).

Import Prices by Country

The average knitted shawl and scarf import price stood at $X per unit in 2022, reducing by -35.2% against the previous year. Over the period under review, the import price recorded a relatively flat trend pattern. The most prominent rate of growth was recorded in 2016 when the average import price increased by 53%. Over the period under review, average import prices hit record highs at $X per unit 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 United Arab Emirates ($X per unit), while the price for India ($X per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Turkey (+8.3%), while the prices for the other major suppliers experienced a decline.

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :