Kuwait: Wallpaper Market 2024

Wallpaper Market Size in Kuwait

The Kuwaiti wallpaper market surged to $X in 2021, increasing by 19% 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 continues to indicate a relatively flat trend pattern. Wallpaper consumption peaked at $X in 2014; however, from 2015 to 2021, consumption stood at a somewhat lower figure.

Wallpaper Exports

Exports from Kuwait

In 2021, the amount of wallpaper and wall coverings exported from Kuwait skyrocketed to X tons, growing by 228% on the year before. Over the period under review, exports showed a significant increase. The growth pace was the most rapid in 2013 with an increase of 652% against the previous year. The exports peaked at X tons in 2015; however, from 2016 to 2021, the exports failed to regain momentum.

In value terms, wallpaper exports surged to $X in 2021. Overall, exports continue to indicate a significant increase. The pace of growth was the most pronounced in 2013 with an increase of 546%. Over the period under review, the exports reached the maximum at $X in 2014; however, from 2015 to 2021, the exports failed to regain momentum.

Exports by Country

Saudi Arabia (X tons) was the main destination for wallpaper exports from Kuwait, with a 78% share of total exports. Moreover, wallpaper exports to Saudi Arabia exceeded the volume sent to the second major destination, Iraq (X kg), eightfold. The third position in this ranking was held by Iran (X kg), with a 5.2% share.

From 2012 to 2021, the average annual growth rate of volume to Saudi Arabia totaled +53.6%. Exports to the other major destinations recorded the following average annual rates of exports growth: Iraq (+95.4% per year) and Iran (+38.7% per year).

In value terms, Saudi Arabia ($X) remains the key foreign market for wallpaper and wall coverings exports from Kuwait, comprising 49% of total exports. The second position in the ranking was held by Lebanon ($X), with a 6% share of total exports. It was followed by Iraq, with a 3.4% share.

From 2012 to 2021, the average annual rate of growth in terms of value to Saudi Arabia amounted to +32.9%. Exports to the other major destinations recorded the following average annual rates of exports growth: Lebanon (+34.4% per year) and Iraq (+26.7% per year).

Export Prices by Country

In 2021, the average wallpaper export price amounted to $X per ton, dropping by -14.4% against the previous year. Overall, the export price showed a abrupt descent. The pace of growth appeared the most rapid in 2016 an increase of 129%. Over the period under review, the average export prices attained the peak figure at $X per ton in 2012; however, from 2013 to 2021, the export prices stood at a somewhat lower figure.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Lebanon ($X per ton), while the average price for exports to Iraq ($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 Lebanon (+25.8%), while the prices for the other major destinations experienced more modest paces of growth.

Wallpaper Imports

Imports into Kuwait

Wallpaper imports into Kuwait was estimated at X tons in 2021, growing by 12% compared with the year before. The total import volume increased at an average annual rate of +3.0% over the period from 2012 to 2021; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The most prominent rate of growth was recorded in 2018 with an increase of 36%. Imports peaked at X tons in 2014; afterwards, it flattened through to 2021.

In value terms, wallpaper imports surged to $X in 2021. Over the period under review, imports continue to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in 2013 with an increase of 36%. Over the period under review, imports attained the peak figure at $X in 2014; however, from 2015 to 2021, imports remained at a lower figure.

Imports by Country

South Korea (X tons), China (X tons) and Belgium (X tons) were the main suppliers of wallpaper imports to Kuwait, with a combined 59% share of total imports. These countries were followed by Turkey, Germany, the Netherlands and Italy, which together accounted for a further 16%.

From 2012 to 2021, the biggest increases were recorded for Turkey (with a CAGR of +61.8%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, the largest wallpaper suppliers to Kuwait were Belgium ($X), South Korea ($X) and China ($X), together accounting for 41% of total imports. Germany, Turkey, Italy and the Netherlands lagged somewhat behind, together accounting for a further 23%.

Turkey, with a CAGR of +54.2%, 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

In 2021, the average wallpaper import price amounted to $X per ton, with an increase of 9.3% against the previous year. Over the period under review, the import price, however, showed a perceptible slump. The most prominent rate of growth was recorded in 2013 an increase of 13% against the previous year. As a result, import price attained the peak level of $X per ton. From 2014 to 2021, the average import prices failed to regain momentum.

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

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Italy (+9.9%), while the prices for the other major suppliers experienced mixed trend patterns.

Source: IndexBox Platform

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