Kuwait: Market for Soap And Organic Surface-Active Products In Bars Other Than For Toilet Use 2024

Market Size for Soap And Organic Surface-Active Products In Bars Other Than For Toilet Use in Kuwait

The Kuwaiti market for soap and organic surface-active products in bars other than for toilet use stood at $X in 2022, picking up by 8.3% against the previous year. This figure reflects the total revenues of producers and importers (excluding logistics costs, retail marketing costs, and retailers' margins, which will be included in the final consumer price). Over the period under review, the total consumption indicated a remarkable increase from 2012 to 2022: its value increased at an average annual rate of +7.4% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, consumption decreased by -12.5% against 2020 indices. As a result, consumption reached the peak level of $X. From 2021 to 2022, the growth of the market remained at a lower figure.

Exports of Soap And Organic Surface-Active Products In Bars Other Than For Toilet Use

Exports from Kuwait

In 2022, after three years of decline, there was significant growth in overseas shipments of soap and organic surface-active products in bars other than for toilet use, when their volume increased by 250% to X tons. Overall, exports, however, recorded a noticeable downturn. Over the period under review, the exports of hit record highs at X tons in 2018; however, from 2019 to 2022, the exports failed to regain momentum.

In value terms, exports of soap and organic surface-active products in bars other than for toilet use soared to $X in 2022. In general, exports, however, showed a relatively flat trend pattern. Over the period under review, the exports of hit record highs at $X in 2015; however, from 2016 to 2022, the exports stood at a somewhat lower figure.

Exports by Country

Oman (X tons), Iraq (X tons) and Qatar (X tons) were the main destinations of exports of soap and organic surface-active products in bars other than for toilet use from Kuwait, with a combined 85% share of total exports.

From 2012 to 2022, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by Qatar (with a CAGR of +28.9%), while the other leaders experienced mixed trend patterns.

In value terms, Qatar ($X), Oman ($X) and Saudi Arabia ($X) were the largest markets for soap in bars other than for toilet use exported from Kuwait worldwide, together comprising 81% of total exports.

Qatar, with a CAGR of +45.5%, saw the highest rates of growth with regard to 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 2022, the average export price for soap and organic surface-active products in bars other than for toilet use amounted to $X per ton, growing by 4.2% against the previous year. Overall, the export price posted a notable expansion. The pace of growth was the most pronounced in 2019 when the average export price increased by 52% against the previous year. Over the period under review, the average export prices attained the peak figure in 2022 and is likely to see steady growth in years to come.

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

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Libya (+38.6%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Soap And Organic Surface-Active Products In Bars Other Than For Toilet Use

Imports into Kuwait

In 2022, the amount of soap and organic surface-active products in bars other than for toilet use imported into Kuwait surged to X tons, jumping by 16% compared with the previous year. Over the period under review, imports recorded a prominent increase. The most prominent rate of growth was recorded in 2017 when imports increased by 72% against the previous year. Over the period under review, imports of attained the maximum at X tons in 2020; however, from 2021 to 2022, imports remained at a lower figure.

In value terms, imports of soap and organic surface-active products in bars other than for toilet use expanded sharply to $X in 2022. Overall, total imports indicated a resilient expansion from 2012 to 2022: its value increased at an average annual rate of +5.8% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports decreased by -6.1% against 2020 indices. The most prominent rate of growth was recorded in 2013 when imports increased by 43%. Imports peaked at $X in 2020; however, from 2021 to 2022, imports failed to regain momentum.

Imports by Country

Turkey (X tons), Lebanon (X tons) and Cyprus (X tons) were the main suppliers of imports of soap and organic surface-active products in bars other than for toilet use to Kuwait, together comprising 53% of total imports.

From 2012 to 2022, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by Cyprus (with a CAGR of +62.0%), while imports for the other leaders experienced more modest paces of growth.

In value terms, the largest soap in bars other than for toilet use suppliers to Kuwait were Lebanon ($X), Turkey ($X) and Cyprus ($X), together comprising 47% of total imports.

Among the main suppliers, Cyprus, with a CAGR of +49.0%, 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 soap and organic surface-active products in bars other than for toilet use stood at $X per ton in 2022, dropping by -8% against the previous year. In general, the import price recorded a pronounced downturn. The pace of growth appeared the most rapid in 2015 an increase of 61% against the previous year. Over the period under review, average import prices hit record highs at $X per ton in 2013; however, from 2014 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 Cyprus ($X per ton), while the price for Bahrain ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Bahrain (+4.4%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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