Kuwait: Market for Table, Kitchen Or Household Articles Of Cast Iron 2025

Market Size for Table, Kitchen Or Household Articles Of Cast Iron in Kuwait

The Kuwaiti cast iron household articles market declined sharply to $X in 2022, which is down by -34.5% 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). Overall, consumption recorded a abrupt decline. Over the period under review, the market hit record highs at $X in 2014; however, from 2015 to 2022, consumption failed to regain momentum.

Exports of Table, Kitchen Or Household Articles Of Cast Iron

Exports from Kuwait

In 2022, approx. X tons of table, kitchen or household articles of cast iron were exported from Kuwait; which is down by -45.5% compared with the previous year's figure. Over the period under review, exports, however, enjoyed measured growth. The most prominent rate of growth was recorded in 2016 when exports increased by 449%. As a result, the exports attained the peak of X tons. From 2017 to 2022, the growth of the exports failed to regain momentum.

In value terms, cast iron household articles exports reduced remarkably to $X in 2022. Overall, exports, however, recorded prominent growth. The pace of growth appeared the most rapid in 2016 with an increase of 408% against the previous year. As a result, the exports reached the peak of $X. From 2017 to 2022, the growth of the exports remained at a lower figure.

Exports by Country

India (X tons), Lebanon (X kg) and Qatar (X kg) were the main destinations of cast iron household articles exports from Kuwait, with a combined 83% share of total exports. Jordan, Egypt and Iraq lagged somewhat behind, together comprising a further 11%.

From 2012 to 2022, the biggest increases were recorded for Egypt (with a CAGR of +40.2%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, India ($X) remains the key foreign market for table, kitchen or household articles of cast iron exports from Kuwait, comprising 57% of total exports. The second position in the ranking was taken by Qatar ($X), with a 13% share of total exports. It was followed by Lebanon, with a 9.8% share.

From 2012 to 2022, the average annual growth rate of value to India stood at +25.9%. Exports to the other major destinations recorded the following average annual rates of exports growth: Qatar (+15.8% per year) and Lebanon (+29.0% per year).

Export Prices by Country

The average cast iron household articles export price stood at $X per ton in 2022, dropping by -12.7% against the previous year. Overall, export price indicated a noticeable expansion from 2012 to 2022: its price increased at an average annual rate of +2.2% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, cast iron household articles export price increased by +38.2% against 2020 indices. The most prominent rate of growth was recorded in 2018 an increase of 59%. As a result, the export price attained the peak level of $X per ton. From 2019 to 2022, the average export prices remained at a somewhat lower figure.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Egypt ($X per ton), while the average price for exports to Iraq ($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 Egypt (+7.4%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Table, Kitchen Or Household Articles Of Cast Iron

Imports into Kuwait

In 2022, approx. X tons of table, kitchen or household articles of cast iron were imported into Kuwait; waning by -37.1% on 2021 figures. Overall, imports saw a drastic downturn. The most prominent rate of growth was recorded in 2014 when imports increased by 170%. As a result, imports reached the peak of X tons. From 2015 to 2022, the growth of imports failed to regain momentum.

In value terms, cast iron household articles imports fell notably to $X in 2022. In general, imports continue to indicate a noticeable curtailment. The pace of growth appeared the most rapid in 2018 with an increase of 106% against the previous year. Over the period under review, imports reached the maximum at $X in 2015; however, from 2016 to 2022, imports stood at a somewhat lower figure.

Imports by Country

In 2022, China (X tons) constituted the largest cast iron household articles supplier to Kuwait, with a 31% share of total imports. Moreover, cast iron household articles imports from China exceeded the figures recorded by the second-largest supplier, India (X tons), twofold. Turkey (X tons) ranked third in terms of total imports with a 9.5% share.

From 2012 to 2022, the average annual rate of growth in terms of volume from China totaled -16.7%. The remaining supplying countries recorded the following average annual rates of imports growth: India (+10.0% per year) and Turkey (+22.8% per year).

In value terms, China ($X), the United States ($X) and India ($X) constituted the largest cast iron household articles suppliers to Kuwait, together comprising 48% of total imports. France, Turkey, the United Arab Emirates, Saudi Arabia, Iran, Egypt and Pakistan lagged somewhat behind, together accounting for a further 33%.

France, with a CAGR of +33.5%, recorded the highest rates of growth with regard to the value of imports, among 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 2022, the average cast iron household articles import price amounted to $X per ton, picking up by 6.1% against the previous year. Over the period under review, import price indicated a buoyant increase from 2012 to 2022: its price increased at an average annual rate of +5.0% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, cast iron household articles import price decreased by -1.2% against 2020 indices. The most prominent rate of growth was recorded in 2015 an increase of 98% against the previous year. The import price peaked at $X per ton in 2020; however, from 2021 to 2022, import prices failed to regain momentum.

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

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by the United States (+6.5%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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