Kuwait: Textile Tubing Market 2024

Textile Tubing Market Size in Kuwait

In 2022, the Kuwaiti textile tubing market decreased by -27.3% to $X for the first time since 2019, thus ending a two-year rising trend. In general, consumption enjoyed a strong expansion. Textile tubing consumption peaked at $X in 2021, and then reduced markedly in the following year.

Textile Tubing Production in Kuwait

In value terms, textile tubing production reached $X in 2022 estimated in export price. In general, production enjoyed a significant increase. The pace of growth appeared the most rapid in 2013 when the production volume increased by 124%. Textile tubing production peaked at $X in 2017; however, from 2018 to 2022, production remained at a lower figure.

Textile Tubing Exports

Exports from Kuwait

In 2022, overseas shipments of textile hosepiping and similar textile tubing were finally on the rise to reach X kg after three years of decline. Overall, exports, however, continue to indicate a relatively flat trend pattern. The pace of growth appeared the most rapid in 2014 when exports increased by 1,548%. The exports peaked at X kg in 2018; however, from 2019 to 2022, the exports remained at a lower figure.

In value terms, textile tubing exports contracted to $X in 2022. Over the period under review, exports, however, recorded a slight decrease. The pace of growth was the most pronounced in 2014 when exports increased by 1,565% against the previous year. Over the period under review, the exports attained the peak figure at $X in 2018; however, from 2019 to 2022, the exports remained at a lower figure.

Exports by Country

The United Arab Emirates (X kg) was the main destination for textile tubing exports from Kuwait, accounting for a 90% share of total exports. Moreover, textile tubing exports to the United Arab Emirates exceeded the volume sent to the second major destination, Qatar (X kg), more than tenfold. The third position in this ranking was taken by Bahrain (X kg), with a 1.6% share.

From 2012 to 2022, the average annual rate of growth in terms of volume to the United Arab Emirates totaled +8.9%. Exports to the other major destinations recorded the following average annual rates of exports growth: Qatar (-6.2% per year) and Bahrain (-14.9% per year).

In value terms, the United Arab Emirates ($X), Bahrain ($X) and Saudi Arabia ($X) constituted the largest markets for textile tubing exported from Kuwait worldwide, with a combined 97% share of total exports.

The United Arab Emirates, with a CAGR of +12.8%, recorded the highest growth rate of the value of exports, in terms of the main countries of destination over the period under review, while shipments for the other leaders experienced a decline.

Export Prices by Country

The average textile tubing export price stood at $X per ton in 2022, declining by -43.8% against the previous year. In general, the export price recorded a relatively flat trend pattern. The pace of growth was the most pronounced in 2021 when the average export price increased by 71%. As a result, the export price attained the peak level of $X per ton, and then declined sharply in the following year.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Bahrain ($X per ton), while the average price for exports to Qatar ($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 Bahrain (+17.3%), while the prices for the other major destinations experienced more modest paces of growth.

Textile Tubing Imports

Imports into Kuwait

In 2022, purchases abroad of textile hosepiping and similar textile tubing increased by 10% to X tons for the first time since 2018, thus ending a three-year declining trend. Over the period under review, imports recorded a prominent increase. The most prominent rate of growth was recorded in 2018 when imports increased by 205% against the previous year. As a result, imports attained the peak of X tons. From 2019 to 2022, the growth of imports remained at a lower figure.

In value terms, textile tubing imports soared to $X in 2022. Overall, imports recorded a buoyant increase. The most prominent rate of growth was recorded in 2018 with an increase of 162% against the previous year. Imports peaked at $X in 2019; however, from 2020 to 2022, imports failed to regain momentum.

Imports by Country

The United States (X tons), the United Arab Emirates (X tons) and India (X tons) were the main suppliers of textile tubing imports to Kuwait, with a combined 76% share of total imports. Jordan, China, Spain, Singapore and the UK lagged somewhat behind, together accounting for a further 19%.

From 2012 to 2022, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by Singapore (with a CAGR of +77.2%), while imports for the other leaders experienced more modest paces of growth.

In value terms, the United States ($X), the United Arab Emirates ($X) and Spain ($X) were the largest textile tubing suppliers to Kuwait, with a combined 68% share of total imports.

Spain, with a CAGR of +67.0%, saw 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

The average textile tubing import price stood at $X per ton in 2022, with an increase of 16% against the previous year. Overall, import price indicated a resilient increase from 2012 to 2022: its price increased at an average annual rate of +5.1% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, textile tubing import price decreased by -13.3% against 2020 indices. The pace of growth was the most pronounced in 2019 an increase of 28%. Over the period under review, average import prices reached the peak figure 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 Spain ($X per ton), while the price for Jordan ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Vietnam (+18,723.2%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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