Kuwait: Market for Glass Fibre Filaments, Rovings, Chopped Strands, and Staple Glass Fibre Articles 2025

Market Size for Glass Fibre Filaments, Rovings, Chopped Strands, and Staple Glass Fibre Articles in Kuwait

The Kuwaiti market for glass fibre filaments, rovings, chopped strands, and staple glass fibre articles was estimated at $X in 2021, with an increase of 8% against the previous year. In general, consumption enjoyed a strong increase. Over the period under review, the market attained the maximum level in 2021 and is likely to see gradual growth in the near future.

Production of Glass Fibre Filaments, Rovings, Chopped Strands, and Staple Glass Fibre Articles in Kuwait

In value terms, production of glass fibre filaments, rovings, chopped strands, and staple glass fibre articles reduced to $X in 2021 estimated in export price. Overall, production saw a resilient increase. The most prominent rate of growth was recorded in 2016 when the production volume increased by 44%. Production of peaked at $X in 2020, and then contracted in the following year.

Exports of Glass Fibre Filaments, Rovings, Chopped Strands, and Staple Glass Fibre Articles

Exports from Kuwait

In 2021, the amount of glass fibre filaments, rovings, chopped strands, and staple glass fibre articles exported from Kuwait reduced to X tons, falling by -12.3% against the previous year. Over the period under review, exports continue to indicate a deep setback. The pace of growth was the most pronounced in 2013 with an increase of 232% against the previous year. Over the period under review, the exports of hit record highs at X tons in 2014; however, from 2015 to 2021, the exports remained at a lower figure.

In value terms, exports of glass fibre filaments, rovings, chopped strands, and staple glass fibre articles reduced to $X in 2021. Overall, exports saw a abrupt curtailment. The pace of growth appeared the most rapid in 2013 when exports increased by 125% against the previous year. Over the period under review, the exports of reached the maximum at $X in 2014; however, from 2015 to 2021, the exports remained at a lower figure.

Exports by Country

Nigeria (X tons) was the main destination for exports of glass fibre filaments, rovings, chopped strands, and staple glass fibre articles from Kuwait, with a 37% share of total exports. Moreover, exports of glass fibre filaments, rovings, chopped strands, and staple glass fibre articles to Nigeria exceeded the volume sent to the second major destination, Qatar (X tons), twofold. Indonesia (X tons) ranked third in terms of total exports with a 15% share.

From 2012 to 2021, the average annual growth rate of volume to Nigeria amounted to +5.8%. Exports to the other major destinations recorded the following average annual rates of exports growth: Qatar (+20.8% per year) and Indonesia (-17.7% per year).

In value terms, Nigeria ($X), Egypt ($X) and Qatar ($X) were the largest markets for glass fibre filament, roving, and staple glass fibre article exported from Kuwait worldwide, together comprising 69% of total exports. Saudi Arabia, Indonesia, Jordan, the Philippines, Lebanon and India lagged somewhat behind, together accounting for a further 17%.

Saudi Arabia, with a CAGR of +14.5%, saw the highest growth rate of the value of exports, in terms of the main countries of destination over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

In 2021, the average export price for glass fibre filaments, rovings, chopped strands, and staple glass fibre articles amounted to $X per ton, picking up by 4.1% against the previous year. In general, the export price continues to indicate a perceptible increase. The pace of growth was the most pronounced in 2020 when the average export price increased by 43% against the previous year. Over the period under review, the average export prices attained the peak figure in 2021 and is likely to continue growth in years to come.

There were significant differences in the average prices for the major overseas markets. In 2021, amid the top suppliers, the country with the highest price was Egypt ($X per ton), while the average price for exports to India ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was recorded for supplies to Saudi Arabia (+17.4%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Glass Fibre Filaments, Rovings, Chopped Strands, and Staple Glass Fibre Articles

Imports into Kuwait

In 2021, overseas purchases of glass fibre filaments, rovings, chopped strands, and staple glass fibre articles were finally on the rise to reach X tons for the first time since 2018, thus ending a two-year declining trend. Over the period under review, imports, however, continue to indicate a slight setback. The pace of growth appeared the most rapid in 2014 with an increase of 198%. Imports peaked at X tons in 2018; however, from 2019 to 2021, imports stood at a somewhat lower figure.

In value terms, imports of glass fibre filaments, rovings, chopped strands, and staple glass fibre articles totaled $X in 2021. In general, imports, however, showed a relatively flat trend pattern. The growth pace was the most rapid in 2014 when imports increased by 181%. Imports peaked at $X in 2018; however, from 2019 to 2021, imports failed to regain momentum.

Imports by Country

China (X tons), Bahrain (X tons) and Japan (X tons) were the main suppliers of imports of glass fibre filaments, rovings, chopped strands, and staple glass fibre articles to Kuwait, together comprising 64% of total imports. The United Arab Emirates, Egypt, South Korea, Saudi Arabia, India and Belgium lagged somewhat behind, together accounting for a further 30%.

From 2012 to 2021, the biggest increases were recorded for Belgium (with a CAGR of +96.9%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, Bahrain ($X), China ($X) and Japan ($X) appeared to be the largest glass fibre filament, roving, and staple glass fibre article suppliers to Kuwait, with a combined 49% share of total imports. These countries were followed by India, the United Arab Emirates, South Korea, Saudi Arabia, Belgium and Egypt, which together accounted for a further 32%.

Belgium, with a CAGR of +100.1%, recorded the highest growth rate of the value of imports, in terms of the main suppliers over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

In 2021, the average import price for glass fibre filaments, rovings, chopped strands, and staple glass fibre articles amounted to $X per ton, falling by -5.2% against the previous year. Overall, the import price, however, continues to indicate a relatively flat trend pattern. The growth pace was the most rapid in 2020 an increase of 34% against the previous year. As a result, import price attained the peak level of $X per ton, and then reduced in the following year.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was India ($X per ton), while the price for Egypt ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Saudi Arabia (+8.3%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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