Kuwait: Women Knitwear Market 2024

Women Knitwear Market Size in Kuwait

The Kuwaiti women knitwear market contracted remarkably to $X in 2022, with a decrease of -27.6% against the previous year. In general, consumption, however, saw a relatively flat trend pattern. As a result, consumption reached the peak level of $X, and then fell remarkably in the following year.

Women Knitwear Production in Kuwait

In value terms, women knitwear production fell markedly to $X in 2022 estimated in export price. Overall, production, however, showed a significant increase. The pace of growth was the most pronounced in 2019 with an increase of 351%. As a result, production attained the peak level of $X. From 2020 to 2022, production growth failed to regain momentum.

Women Knitwear Exports

Exports from Kuwait

In 2022, after three years of growth, there was significant decline in overseas shipments of women's or girls' clothing (knitted or crocheted), when their volume decreased by -17.2% to X units. Overall, exports, however, continue to indicate a significant increase. The pace of growth appeared the most rapid in 2013 when exports increased by 330%. Over the period under review, the exports attained the peak figure at X units in 2021, and then declined remarkably in the following year.

In value terms, women knitwear exports fell to $X in 2022. In general, exports, however, posted a significant increase. The pace of growth was the most pronounced in 2013 with an increase of 220% against the previous year. Over the period under review, the exports hit record highs at $X in 2021, and then contracted in the following year.

Exports by Country

Saudi Arabia (X units), the United Arab Emirates (X units) and Qatar (X units) were the main destinations of women knitwear exports from Kuwait, with a combined 82% share of total exports. Iraq, Libya, Bahrain and Jordan lagged somewhat behind, together accounting for a further 14%.

From 2012 to 2022, the biggest increases were recorded for Iraq (with a CAGR of +67.2%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, the United Arab Emirates ($X), Saudi Arabia ($X) and Qatar ($X) were the largest markets for women knitwear exported from Kuwait worldwide, with a combined 95% share of total exports.

Among the main countries of destination, Saudi Arabia, with a CAGR of +49.6%, recorded the highest growth rate of the value of exports, over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

In 2022, the average women knitwear export price amounted to $X per unit, rising by 5.5% against the previous year. Overall, the export price, however, recorded a drastic downturn. The most prominent rate of growth was recorded in 2019 when the average export price increased by 22% against the previous year. Over the period under review, the average export prices reached the peak figure at $X per unit in 2012; however, from 2013 to 2022, the export prices stood at a somewhat lower figure.

There were significant differences in the average prices for the major export markets. In 2022, amid the top suppliers, the country with the highest price was Qatar ($X per unit), while the average price for exports to Libya ($X per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Qatar (+8.2%), while the prices for the other major destinations experienced a decline.

Women Knitwear Imports

Imports into Kuwait

In 2022, the amount of women's or girls' clothing (knitted or crocheted) imported into Kuwait fell markedly to X units, declining by -26.8% on the previous year's figure. In general, imports recorded a perceptible reduction. The most prominent rate of growth was recorded in 2021 with an increase of 94% against the previous year. Imports peaked at X units in 2013; however, from 2014 to 2022, imports stood at a somewhat lower figure.

In value terms, women knitwear imports contracted markedly to $X in 2022. Over the period under review, imports showed a relatively flat trend pattern. The most prominent rate of growth was recorded in 2021 when imports increased by 83% against the previous year. As a result, imports attained the peak of $X, and then shrank significantly in the following year.

Imports by Country

In 2022, China (X units) constituted the largest women knitwear supplier to Kuwait, with a 48% share of total imports. Moreover, women knitwear imports from China exceeded the figures recorded by the second-largest supplier, the United Arab Emirates (X units), twofold. India (X units) ranked third in terms of total imports with a 7.7% share.

From 2012 to 2022, the average annual rate of growth in terms of volume from China totaled -2.9%. The remaining supplying countries recorded the following average annual rates of imports growth: the United Arab Emirates (+18.1% per year) and India (-12.6% per year).

In value terms, the United Arab Emirates ($X) constituted the largest supplier of women's or girls' clothing (knitted or crocheted) to Kuwait, comprising 55% of total imports. The second position in the ranking was taken by China ($X), with a 20% share of total imports. It was followed by Turkey, with a 3.3% share.

From 2012 to 2022, the average annual rate of growth in terms of value from the United Arab Emirates totaled +14.7%. The remaining supplying countries recorded the following average annual rates of imports growth: China (-6.3% per year) and Turkey (+10.1% per year).

Import Prices by Country

In 2022, the average women knitwear import price amounted to $X per unit, shrinking by -4.7% against the previous year. Over the period under review, import price indicated temperate growth from 2012 to 2022: its price increased at an average annual rate of +3.6% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, women knitwear import price decreased by -20.1% against 2018 indices. The growth pace was the most rapid in 2016 when the average import price increased by 41% against the previous year. The import price peaked at $X per unit in 2018; however, from 2019 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 the United Arab Emirates ($X per unit), while the price for India ($X per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Bangladesh (+5.6%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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