Kuwait: Silk Fabric Market 2025

Silk Fabric Market Size in Kuwait

After two years of decline, the Kuwaiti silk fabric market increased by 90% to $X in 2021. Overall, consumption, however, faced a deep reduction. As a result, consumption reached the peak level of $X. From 2015 to 2021, the growth of the market failed to regain momentum.

Silk Fabric Exports

Exports from Kuwait

In 2021, approx. X square meters of woven fabrics of silk or of silk waste were exported from Kuwait; jumping by 97% against the year before. Over the period under review, exports, however, recorded a pronounced decrease. The pace of growth was the most pronounced in 2016 when exports increased by 5,966% against the previous year. As a result, the exports attained the peak of X square meters. From 2017 to 2021, the growth of the exports remained at a lower figure.

In value terms, silk fabric exports surged to $X in 2021. Overall, exports, however, showed a abrupt descent. The most prominent rate of growth was recorded in 2016 when exports increased by 4,318% against the previous year. As a result, the exports reached the peak of $X. From 2017 to 2021, the growth of the exports remained at a somewhat lower figure.

Exports by Country

The United Arab Emirates (X square meters) was the main destination for silk fabric exports from Kuwait, with a 83% share of total exports. Moreover, silk fabric exports to the United Arab Emirates exceeded the volume sent to the second major destination, Qatar (X square meters), sixfold.

From 2012 to 2021, the average annual growth rate of volume to the United Arab Emirates stood at -5.0%. Exports to the other major destinations recorded the following average annual rates of exports growth: Qatar (+50.7% per year) and Saudi Arabia (-1.2% per year).

In value terms, the United Arab Emirates ($X) remains the key foreign market for woven fabrics of silk or of silk waste exports from Kuwait, comprising 87% of total exports. The second position in the ranking was taken by Qatar ($X), with an 11% share of total exports.

From 2012 to 2021, the average annual rate of growth in terms of value to the United Arab Emirates totaled -16.8%. Exports to the other major destinations recorded the following average annual rates of exports growth: Qatar (+61.3% per year) and Saudi Arabia (-9.3% per year).

Export Prices by Country

The average silk fabric export price stood at $X per square meter in 2021, dropping by -16.2% against the previous year. Over the period under review, the export price saw a abrupt descent. The growth pace was the most rapid in 2018 an increase of 27% against the previous year. The export price peaked at $X per square meter 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 the United Arab Emirates ($X per square meter), while the average price for exports to Saudi Arabia ($X per square meter) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was recorded for supplies to Qatar (+9.0%), while the prices for the other major destinations experienced a decline.

Silk Fabric Imports

Imports into Kuwait

Silk fabric imports into Kuwait skyrocketed to X square meters in 2021, with an increase of 69% compared with the previous year's figure. Overall, imports, however, faced a deep setback. The most prominent rate of growth was recorded in 2014 when imports increased by 141% against the previous year. As a result, imports reached the peak of X square meters. From 2015 to 2021, the growth of imports remained at a somewhat lower figure.

In value terms, silk fabric imports soared to $X in 2021. Over the period under review, imports, however, saw a deep slump. Imports peaked at $X in 2014; however, from 2015 to 2021, imports stood at a somewhat lower figure.

Imports by Country

In 2021, India (X square meters) constituted the largest silk fabric supplier to Kuwait, with a 39% share of total imports. Moreover, silk fabric imports from India exceeded the figures recorded by the second-largest supplier, Iran (X square meters), threefold. The third position in this ranking was held by Italy (X square meters), with an 11% share.

From 2012 to 2021, the average annual growth rate of volume from India stood at -8.5%. The remaining supplying countries recorded the following average annual rates of imports growth: Iran (+97.1% per year) and Italy (-16.8% per year).

In value terms, the largest silk fabric suppliers to Kuwait were India ($X), South Korea ($X) and Italy ($X), together comprising 42% of total imports. China, Canada, Iran, the Netherlands and Indonesia lagged somewhat behind, together comprising a further 18%.

Iran, with a CAGR of +57.9%, saw the highest growth rate of 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 silk fabric import price stood at $X per square meter in 2021, growing by 19% against the previous year. Over the period under review, the import price, however, showed a abrupt downturn. Over the period under review, average import prices reached the maximum at $X per square meter in 2012; however, from 2013 to 2021, import prices failed to regain momentum.

There were significant differences in the average prices amongst the major supplying countries. In 2021, amid the top importers, the country with the highest price was South Korea ($X per square meter), while the price for Iran ($X per square meter) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by South Korea (+6.8%), while the prices for the other major suppliers experienced a decline.

Source: IndexBox Platform

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