Kuwait: Market for Tailor Dummies And Automata 2024

Market Size for Tailor Dummies And Automata in Kuwait

In 2021, the Kuwaiti tailor dummies and automata market decreased by -6.5% to $X, falling for the third year in a row after two years of growth. In general, consumption saw a abrupt decline. As a result, consumption reached the peak level of $X. From 2014 to 2021, the growth of the market remained at a lower figure.

Exports of Tailor Dummies And Automata

Exports from Kuwait

After four years of decline, shipments abroad of tailor dummies and automata increased by 345% to X tons in 2021. In general, exports showed a pronounced expansion. Over the period under review, the exports attained the maximum at X tons in 2016; however, from 2017 to 2021, the exports stood at a somewhat lower figure.

In value terms, tailor dummies and automata exports soared to $X in 2021. Overall, exports showed a prominent increase. The most prominent rate of growth was recorded in 2013 with an increase of 272% against the previous year. Over the period under review, the exports attained the maximum at $X in 2016; however, from 2017 to 2021, the exports stood at a somewhat lower figure.

Exports by Country

The United States (X tons) was the main destination for tailor dummies and automata exports from Kuwait, accounting for a 69% share of total exports. Moreover, tailor dummies and automata exports to the United States exceeded the volume sent to the second major destination, Lebanon (X kg), threefold. The United Arab Emirates (X kg) ranked third in terms of total exports with a 3.4% share.

From 2012 to 2021, the average annual growth rate of volume to the United States amounted to +28.2%. Exports to the other major destinations recorded the following average annual rates of exports growth: Lebanon (-7.0% per year) and the United Arab Emirates (-29.1% per year).

In value terms, the United States ($X) emerged as the key foreign market for tailor dummies and automata exports from Kuwait, comprising 91% of total exports. The second position in the ranking was held by Lebanon ($X), with a 5.5% share of total exports. It was followed by Qatar, with a 2.7% share.

From 2012 to 2021, the average annual rate of growth in terms of value to the United States totaled +41.3%. Exports to the other major destinations recorded the following average annual rates of exports growth: Lebanon (-8.8% per year) and Qatar (-26.1% per year).

Export Prices by Country

In 2021, the average tailor dummies and automata export price amounted to $X per ton, waning by -27.9% against the previous year. Overall, the export price, however, posted a resilient increase. The growth pace was the most rapid in 2019 an increase of 69% against the previous year. Over the period under review, the average export prices hit record highs at $X per ton in 2020, and then fell rapidly in the following year.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was the United States ($X per ton), while the average price for exports to Lebanon ($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 Iraq (+19.0%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Tailor Dummies And Automata

Imports into Kuwait

In 2021, purchases abroad of tailor dummies and automata decreased by -25.2% to X tons, falling for the third year in a row after two years of growth. In general, imports saw a deep reduction. The pace of growth appeared the most rapid in 2013 with an increase of 12%. As a result, imports reached the peak of X tons. From 2014 to 2021, the growth of imports failed to regain momentum.

In value terms, tailor dummies and automata imports rose to $X in 2021. Over the period under review, imports showed a deep downturn. The pace of growth appeared the most rapid in 2013 when imports increased by 16% against the previous year. As a result, imports attained the peak of $X. From 2014 to 2021, the growth of imports remained at a lower figure.

Imports by Country

China (X tons), the United Arab Emirates (X tons) and Turkey (X tons) were the main suppliers of tailor dummies and automata imports to Kuwait, with a combined 86% share of total imports. These countries were followed by Italy and Spain, which together accounted for a further 7.2%.

From 2012 to 2021, the biggest increases were recorded for Spain (with a CAGR of +1.5%), while purchases for the other leaders experienced a decline.

In value terms, China ($X) constituted the largest supplier of tailor dummies and automata to Kuwait, comprising 43% of total imports. The second position in the ranking was taken by the United Arab Emirates ($X), with a 17% share of total imports. It was followed by Spain, with a 12% share.

From 2012 to 2021, the average annual rate of growth in terms of value from China totaled -9.0%. The remaining supplying countries recorded the following average annual rates of imports growth: the United Arab Emirates (-23.5% per year) and Spain (+12.2% per year).

Import Prices by Country

The average tailor dummies and automata import price stood at $X per ton in 2021, increasing by 40% against the previous year. Overall, import price indicated strong growth from 2012 to 2021: its price increased at an average annual rate of +7.7% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, tailor dummies and automata import price increased by +60.8% against 2019 indices. As a result, import price reached the peak level and is likely to continue growth in the immediate term.

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

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by China (+12.9%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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