Report Update Nov 1, 2024

Kuwait - Tanned or Dressed Furskins - Market Analysis, Forecast, Size, Trends and Insights

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Kuwait: Market for Tanned or Dressed Furskins 2024

Market Size for Tanned or Dressed Furskins in Kuwait

The Kuwaiti tanned or dressed furskins market fell slightly to $X in 2022, waning by -2.7% 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). In general, consumption, however, faced a drastic downturn. Over the period under review, the market attained the peak level at $X in 2018; however, from 2019 to 2022, consumption failed to regain momentum.

Exports of Tanned or Dressed Furskins

Exports from Kuwait

After five years of decline, shipments abroad of tanned or dressed furskins increased by 13% to X units in 2022. In general, exports, however, recorded a perceptible contraction. The most prominent rate of growth was recorded in 2014 with an increase of 141% against the previous year. Over the period under review, the exports reached the peak figure at X units in 2016; however, from 2017 to 2022, the exports remained at a lower figure.

In value terms, tanned or dressed furskins exports rose remarkably to $X in 2022. Over the period under review, exports, however, showed a abrupt setback. The most prominent rate of growth was recorded in 2016 with an increase of 97%. As a result, the exports attained the peak of $X. From 2017 to 2022, the growth of the exports failed to regain momentum.

Export Prices by Country

The average tanned or dressed furskins export price stood at $X per unit in 2017, dropping by -30% against the previous year. In general, the export price faced a dramatic shrinkage. The pace of growth appeared the most rapid in 2016 a decrease of -16.5% against the previous year. Over the period under review, the average export prices hit record highs at $X per unit in 2014; however, from 2015 to 2017, the export prices failed to regain momentum.

As there is only one major export destination, the average price level is determined by prices for Jordan.

From 2014 to 2017, the rate of growth in terms of prices for Jordan amounted to -36.2% per year.

Imports of Tanned or Dressed Furskins

Imports into Kuwait

In 2022, overseas purchases of tanned or dressed furskins increased by 11% to X units for the first time since 2017, thus ending a four-year declining trend. Overall, imports, however, recorded a abrupt contraction. The pace of growth appeared the most rapid in 2017 when imports increased by 105% against the previous year. As a result, imports attained the peak of X units. From 2018 to 2022, the growth of imports remained at a lower figure.

In value terms, tanned or dressed furskins imports reduced to $X in 2022. Over the period under review, imports, however, recorded a abrupt descent. The pace of growth appeared the most rapid in 2017 with an increase of 55%. Imports peaked at $X in 2018; however, from 2019 to 2022, imports failed to regain momentum.

Imports by Country

The United Arab Emirates (X units), Argentina (X units) and India (X units) were the main suppliers of tanned or dressed furskins imports to Kuwait, with a combined 76% share of total imports. Brazil, South Africa, the United States, Denmark and Italy lagged somewhat behind, together accounting for a further 19%.

From 2012 to 2022, the biggest increases were recorded for Denmark (with a CAGR of +51.1%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, Argentina ($X), the United Arab Emirates ($X) and Italy ($X) were the largest tanned or dressed furskins suppliers to Kuwait, together comprising 65% of total imports.

Argentina, with a CAGR of +24.6%, 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

The average tanned or dressed furskins import price stood at $X per unit in 2022, reducing by -18.5% against the previous year. In general, the import price recorded a relatively flat trend pattern. The growth pace was the most rapid in 2019 an increase of 70%. Over the period under review, average import prices attained the maximum at $X per unit in 2021, and then fell remarkably in the following year.

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

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Italy (+29.2%), while the prices for the other major suppliers experienced mixed trend patterns.

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :

What are the largest markets for tanned or dressed furskins in the world?

The country with the largest volume of tanned or dressed furskins consumption was Italy, accounting for 35% of total volume. Moreover, tanned or dressed furskins consumption in Italy exceeded the figures recorded by the second-largest consumer, Spain, twofold. The third position in this ranking was occupied by Turkey, with a 9.9% share.

What are the largest producers of tanned or dressed furskins in the world?

The countries with the highest volumes of in 2021 were Italy, Spain and Cambodia, with a combined 61% share of global production. These countries were followed by Turkey, Portugal, China, Argentina, New Zealand, Brazil, Malaysia and Poland, which together accounted for a further 32%.

What are the leading suppliers of tanned or dressed furskins to Kuwait?

In value terms, the United Arab Emirates, Argentina and the United States constituted the largest tanned or dressed furskins suppliers to Kuwait, with a combined 58% share of total imports.

What are the leading importers of tanned or dressed furskins from Kuwait?

In value terms, Jordan remains the key foreign market for tanned or dressed furskins exports from Kuwait.

What is the average export price for tanned or dressed furskins in Kuwait?

The average tanned or dressed furskins export price stood at $14 per unit in 2017, declining by -20.2% against the previous year.

What is the average import price for tanned or dressed furskins in Kuwait?

In 2021, the average tanned or dressed furskins import price amounted to $37 per unit, falling by -15.3% against the previous year.

This report provides an in-depth analysis of the market for tanned or dressed furskins in Kuwait. Within it, you will discover the latest data on market trends and opportunities by country, consumption, production and price developments, as well as the global trade (imports and exports). The forecast exhibits the market prospects through 2030.

Product coverage:

Prodcom 15111030 - Tanned or dressed whole furskins, not assembled, of rabbit, h are or lamb
Prodcom 15111050 - Tanned or dressed furskins or skins (excluding rabbit, hare or lamb)

Country coverage:

Kuwait

Data coverage:

Market volume and value
Per Capita consumption
Forecast of the market dynamics in the medium term
Trade (exports and imports) in Kuwait
Export and import prices
Market trends, drivers and restraints
Key market players and their profiles

Reasons to buy this report:

Take advantage of the latest data
Find deeper insights into current market developments
Discover vital success factors affecting the market

This report is designed for manufacturers, distributors, importers, and wholesalers, as well as for investors, consultants and advisors.

In this report, you can find information that helps you to make informed decisions on the following issues:

How to diversify your business and benefit from new market opportunities
How to load your idle production capacity
How to boost your sales on overseas markets
How to increase your profit margins
How to make your supply chain more sustainable
How to reduce your production and supply chain costs
How to outsource production to other countries
How to prepare your business for global expansion

While doing this research, we combine the accumulated expertise of our analysts and the capabilities of artificial intelligence. The AI-based platform, developed by our data scientists, constitutes the key working tool for business analysts, empowering them to discover deep insights and ideas from the marketing data.

1. INTRODUCTION

Making Data-Driven Decisions to Grow Your Business
1. REPORT DESCRIPTION
2. RESEARCH METHODOLOGY AND AI PLATFORM
3. DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
4. GLOSSARY AND SPECIFIC TERMS
2. EXECUTIVE SUMMARY

A Quick Overview of Market Performance
1. KEY FINDINGS
2. MARKET TRENDS This Chapter is Available Only for the Professional Edition PRO
3. MARKET OVERVIEW

Understanding the Current State of The Market and Its Prospects
1. MARKET SIZE
2. MARKET STRUCTURE
3. TRADE BALANCE
4. PER CAPITA CONSUMPTION
5. MARKET FORECAST TO 2030
4. MOST PROMISING PRODUCT

Finding New Products to Diversify Your Business
This Chapter is Available Only for the Professional Edition PRO
1. TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
2. BEST-SELLING PRODUCTS
3. MOST CONSUMED PRODUCT
4. MOST TRADED PRODUCT
5. MOST PROFITABLE PRODUCT FOR EXPORT
5. MOST PROMISING SUPPLYING COUNTRIES

Choosing the Best Countries to Establish Your Sustainable Supply Chain
This Chapter is Available Only for the Professional Edition PRO
1. TOP COUNTRIES TO SOURCE YOUR PRODUCT
2. TOP PRODUCING COUNTRIES
3. TOP EXPORTING COUNTRIES
4. LOW-COST EXPORTING COUNTRIES
6. MOST PROMISING OVERSEAS MARKETS

Choosing the Best Countries to Boost Your Exports
This Chapter is Available Only for the Professional Edition PRO
1. TOP OVERSEAS MARKETS FOR EXPORTING YOUR PRODUCT
2. TOP CONSUMING MARKETS
3. UNSATURATED MARKETS
4. TOP IMPORTING MARKETS
5. MOST PROFITABLE MARKETS
7. PRODUCTION

The Latest Trends and Insights into The Industry
1. PRODUCTION VOLUME AND VALUE
8. IMPORTS
The Largest Import Supplying Countries
1. IMPORTS FROM 2012–2023
2. IMPORTS BY COUNTRY
3. IMPORT PRICES BY COUNTRY
9. EXPORTS
The Largest Destinations for Exports
1. EXPORTS FROM 2012–2023
2. EXPORTS BY COUNTRY
3. EXPORT PRICES BY COUNTRY
10. PROFILES OF MAJOR PRODUCERS

The Largest Producers on The Market and Their Profiles
This Chapter is Available Only for the Professional Edition PRO
LIST OF TABLES
1. Key Findings In 2023
2. Market Volume, In Physical Terms, 2012–2023
3. Market Value, 2012–2023
4. Per Capita Consumption In 2012-2023
5. Imports, In Physical Terms, By Country, 2012–2023
6. Imports, In Value Terms, By Country, 2012–2023
7. Import Prices, By Country Of Origin, 2012–2023
8. Exports, In Physical Terms, By Country, 2012–2023
9. Exports, In Value Terms, By Country, 2012–2023
10. Export Prices, By Country Of Destination, 2012–2023
LIST OF FIGURES
1. Market Volume, In Physical Terms, 2012–2023
2. Market Value, 2012–2023
3. Market Structure – Domestic Supply vs. Imports, In Physical Terms, 2012-2023
4. Market Structure – Domestic Supply vs. Imports, In Value Terms, 2012-2023
5. Trade Balance, In Physical Terms, 2012-2023
6. Trade Balance, In Value Terms, 2012-2023
7. Per Capita Consumption, 2012-2023
8. Market Volume Forecast to 2030
9. Market Value Forecast to 2030
10. Products: Market Size And Growth, By Type
11. Products: Average Per Capita Consumption, By Type
12. Products: Exports And Growth, By Type
13. Products: Export Prices And Growth, By Type
14. Production Volume And Growth
15. Exports And Growth
16. Export Prices And Growth
17. Market Size And Growth
18. Per Capita Consumption
19. Imports And Growth
20. Import Prices
21. Production, In Physical Terms, 2012–2023
22. Production, In Value Terms, 2012–2023
23. Imports, In Physical Terms, 2012–2023
24. Imports, In Value Terms, 2012–2023
25. Imports, In Physical Terms, By Country, 2023
26. Imports, In Physical Terms, By Country, 2012–2023
27. Imports, In Value Terms, By Country, 2012–2023
28. Import Prices, By Country Of Origin, 2012–2023
29. Exports, In Physical Terms, 2012–2023
30. Exports, In Value Terms, 2012–2023
31. Exports, In Physical Terms, By Country, 2023
32. Exports, In Physical Terms, By Country, 2012–2023
33. Exports, In Value Terms, By Country, 2012–2023
34. Export Prices, By Country Of Destination, 2012–2023