Kuwait: Asphalted Paper Market 2025

Asphalted Paper Market Size in Kuwait

The Kuwaiti asphalted paper market declined remarkably to $X in 2022, falling by -64.8% against the previous year. In general, consumption recorded a dramatic decline. As a result, consumption reached the peak level of $X. From 2019 to 2022, the growth of the market remained at a lower figure.

Asphalted Paper Production in Kuwait

In value terms, asphalted paper production expanded slightly to $X in 2022 estimated in export price. Over the period under review, the total production indicated a notable increase from 2012 to 2022: its value increased at an average annual rate of +2.9% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, production increased by +15.6% against 2019 indices. The growth pace was the most rapid in 2017 with an increase of 46% against the previous year. As a result, production attained the peak level of $X. From 2018 to 2022, production growth remained at a somewhat lower figure.

Asphalted Paper Exports

Exports from Kuwait

In 2022, shipments abroad of tarred, bituminised or asphalted paper and paperboard increased by 37% to X tons for the first time since 2019, thus ending a two-year declining trend. Overall, exports enjoyed a temperate expansion. The growth pace was the most rapid in 2019 when exports increased by 374% against the previous year. As a result, the exports reached the peak of X tons. From 2020 to 2022, the growth of the exports failed to regain momentum.

In value terms, asphalted paper exports surged to $X in 2022. Over the period under review, exports enjoyed a noticeable expansion. The pace of growth was the most pronounced in 2014 when exports increased by 247% against the previous year. As a result, the exports attained the peak of $X. From 2015 to 2022, the growth of the exports remained at a lower figure.

Exports by Country

Lebanon (X tons) was the main destination for asphalted paper exports from Kuwait, with a 64% share of total exports. Moreover, asphalted paper exports to Lebanon exceeded the volume sent to the second major destination, Saudi Arabia (X tons), threefold. The United Arab Emirates (X tons) ranked third in terms of total exports with a 9.8% share.

From 2012 to 2022, the average annual rate of growth in terms of volume to Lebanon totaled +105.5%. Exports to the other major destinations recorded the following average annual rates of exports growth: Saudi Arabia (-11.5% per year) and the United Arab Emirates (+38.7% per year).

In value terms, Lebanon ($X) remains the key foreign market for tarred, bituminised or asphalted paper and paperboard exports from Kuwait, comprising 65% of total exports. The second position in the ranking was taken by Saudi Arabia ($X), with a 13% share of total exports. It was followed by the United Arab Emirates, with a 12% share.

From 2012 to 2022, the average annual growth rate of value to Lebanon stood at +66.6%. Exports to the other major destinations recorded the following average annual rates of exports growth: Saudi Arabia (-12.6% per year) and the United Arab Emirates (+13.6% per year).

Export Prices by Country

The average asphalted paper export price stood at $X per ton in 2022, approximately equating the previous year. Over the period under review, the export price, however, continues to indicate a measured expansion. The pace of growth appeared the most rapid in 2020 when the average export price increased by 98% against the previous year. Over the period under review, the average export prices hit record highs at $X per ton in 2014; however, from 2015 to 2022, the export prices remained at a lower figure.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Qatar ($X per ton), while the average price for exports to Saudi Arabia ($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 Qatar (+5.0%), while the prices for the other major destinations experienced a decline.

Asphalted Paper Imports

Imports into Kuwait

In 2022, the amount of tarred, bituminised or asphalted paper and paperboard imported into Kuwait soared to X tons, jumping by 18% on the previous year's figure. Overall, imports, however, faced a abrupt setback. The growth pace was the most rapid in 2018 with an increase of 2,827%. As a result, imports attained the peak of X tons. From 2019 to 2022, the growth of imports failed to regain momentum.

In value terms, asphalted paper imports shrank to $X in 2022. In general, imports, however, continue to indicate a deep slump. The growth pace was the most rapid in 2018 with an increase of 2,968%. As a result, imports attained the peak of $X. From 2019 to 2022, the growth of imports remained at a lower figure.

Imports by Country

In 2022, South Korea (X tons) constituted the largest asphalted paper supplier to Kuwait, with a 57% share of total imports. Moreover, asphalted paper imports from South Korea exceeded the figures recorded by the second-largest supplier, Saudi Arabia (X kg), twofold. India (X kg) ranked third in terms of total imports with a 5% share.

From 2012 to 2022, the average annual growth rate of volume from South Korea stood at -6.7%. The remaining supplying countries recorded the following average annual rates of imports growth: Saudi Arabia (+14.4% per year) and India (+5.7% per year).

In value terms, South Korea ($X) constituted the largest supplier of tarred, bituminised or asphalted paper and paperboard to Kuwait, comprising 54% of total imports. The second position in the ranking was taken by Indonesia ($X), with a 12% share of total imports. It was followed by Saudi Arabia, with a 6.2% share.

From 2012 to 2022, the average annual rate of growth in terms of value from South Korea stood at -5.0%. The remaining supplying countries recorded the following average annual rates of imports growth: Indonesia (-18.7% per year) and Saudi Arabia (+1.1% per year).

Import Prices by Country

The average asphalted paper import price stood at $X per ton in 2022, shrinking by -26.8% against the previous year. In general, the import price showed a pronounced decrease. The pace of growth appeared the most rapid in 2016 an increase of 23%. Over the period under review, average import prices reached the peak figure at $X per ton in 2018; however, from 2019 to 2022, import prices stood at a somewhat lower figure.

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

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Pakistan (+6.3%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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