Report Update Nov 1, 2024

Kuwait - Yarn of Synthetic or Artificial Staple Fibers - Market Analysis, Forecast, Size, Trends and Insights

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Kuwait: Synthetic Yarn Market 2024

Synthetic Yarn Market Size in Kuwait

The Kuwaiti synthetic yarn market rose rapidly to $X in 2022, with an increase of X% 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, the total consumption indicated a remarkable increase from 2012 to 2022: its value increased at an average annual rate of X% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, consumption decreased by X% against 2020 indices. Over the period under review, the market hit record highs at $X in 2020; however, from 2021 to 2022, consumption remained at a lower figure.

Synthetic Yarn Exports

Exports from Kuwait

In 2022, after two years of growth, there was significant decline in overseas shipments of yarn of synthetic or artificial staple fibers, when their volume decreased by X% to X tons. Over the period under review, exports saw a noticeable downturn. The most prominent rate of growth was recorded in 2015 when exports increased by X%. The exports peaked at X tons in 2021, and then contracted markedly in the following year.

In value terms, synthetic yarn exports fell sharply to $X in 2022. Overall, exports, however, showed a prominent expansion. The pace of growth was the most pronounced in 2015 when exports increased by X%. Over the period under review, the exports attained the maximum at $X in 2021, and then fell dramatically in the following year.

Exports by Country

India (X tons) was the main destination for synthetic yarn exports from Kuwait, accounting for a X% share of total exports. Moreover, synthetic yarn exports to India exceeded the volume sent to the second major destination, Saudi Arabia (X tons), more than tenfold.

From 2012 to 2022, the average annual rate of growth in terms of volume to India stood at X%.

In value terms, India ($X) remains the key foreign market for yarn of synthetic or artificial staple fibers exports from Kuwait, comprising X% of total exports. The second position in the ranking was held by Saudi Arabia ($X), with an X% share of total exports.

From 2012 to 2022, the average annual growth rate of value to India amounted to X%.

Export Prices by Country

The average synthetic yarn export price stood at $X per ton in 2022, remaining constant against the previous year. Over the period under review, the export price, however, continues to indicate a buoyant expansion. The growth pace was the most rapid in 2014 when the average export price increased by X%. The export price peaked at $X per ton in 2019; however, from 2020 to 2022, the export prices failed to regain momentum.

Average prices varied somewhat for the major overseas markets. In 2022, amid the top suppliers, the country with the highest price was Saudi Arabia ($X per ton), while the average price for exports to India stood at $X per ton.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to India (X%).

Synthetic Yarn Imports

Imports into Kuwait

Synthetic yarn imports into Kuwait was estimated at X tons in 2022, approximately mirroring 2021 figures. Overall, imports enjoyed resilient growth. The most prominent rate of growth was recorded in 2016 with an increase of X% against the previous year. Over the period under review, imports reached the maximum in 2022 and are expected to retain growth in years to come.

In value terms, synthetic yarn imports fell modestly to $X in 2022. Over the period under review, imports recorded a relatively flat trend pattern. The most prominent rate of growth was recorded in 2020 when imports increased by X% against the previous year. Imports peaked at $X in 2014; however, from 2015 to 2022, imports failed to regain momentum.

Imports by Country

In 2022, Saudi Arabia (X tons) constituted the largest supplier of synthetic yarn to Kuwait, with a X% share of total imports. Moreover, synthetic yarn imports from Saudi Arabia exceeded the figures recorded by the second-largest supplier, South Korea (X tons), threefold. The third position in this ranking was held by China (X tons), with a X% share.

From 2012 to 2022, the average annual rate of growth in terms of volume from Saudi Arabia amounted to X%. The remaining supplying countries recorded the following average annual rates of imports growth: South Korea (X% per year) and China (X% per year).

In value terms, the largest synthetic yarn suppliers to Kuwait were Saudi Arabia ($X), China ($X) and South Korea ($X), with a combined X% share of total imports.

Saudi Arabia, with a CAGR of X%, 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 synthetic yarn import price stood at $X per ton in 2022, waning by X% against the previous year. Overall, the import price saw a abrupt slump. The most prominent rate of growth was recorded in 2014 an increase of X% against the previous year. As a result, import price reached the peak level of $X per ton. From 2015 to 2022, 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 China ($X per ton), while the price for South Korea ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by China (X%), while the prices for the other major suppliers experienced a decline.

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :

What are the largest markets for yarn of synthetic or artificial staple fibers in the world?

The countries with the highest volumes of in 2021 were India, Vietnam and China, with a combined 53% share of global consumption.

What are the largest producers of yarn of synthetic or artificial staple fibers in the world?

The countries with the highest volumes of in 2021 were China, India and Vietnam, with a combined 62% share of global production.

What are the leading suppliers of yarn of synthetic or artificial staple fibers to Kuwait?

In value terms, the largest synthetic yarn suppliers to Kuwait were Saudi Arabia, China and India, together accounting for 59% of total imports.

What are the leading importers of yarn of synthetic or artificial staple fibers from Kuwait?

In value terms, the largest markets for synthetic yarn exported from Kuwait were India and Saudi Arabia.

What is the average export price for yarn of synthetic or artificial staple fibers in Kuwait?

The average synthetic yarn export price stood at $5,799 per ton in 2021, growing by 8.5% against the previous year.

What is the average import price for yarn of synthetic or artificial staple fibers in Kuwait?

The average synthetic yarn import price stood at $3,069 per ton in 2021, falling by -4.3% against the previous year.

This report provides an in-depth analysis of the synthetic yarn market in Kuwait. Within it, you will discover the latest data on market trends and opportunities by country, consumption, production and price developments, as well as the global trade (imports and exports). The forecast exhibits the market prospects through 2030.

Product coverage:

Prodcom 13108210 - Yarn (other than sewing thread) containing . .85 % by weight of synthetic staple fibres, n.p.r.s.
Prodcom 13108250 - Yarn (other than sewing thread) containing . .85 % by weight of synthetic staple fibres, p.r.s.
Prodcom 13108320 - Yarn containing < .85 % by weight of polyester staple fibres (other than sewing thread), mixed with artificial fibres, n.p.r.s.
Prodcom 13108340 - Yarn containing < .85 % by weight of synthetic staple fibres (other than sewing thread), mixed with cotton, n.p.r.s.
Prodcom 13108380 - Other yarns, containing < .85 % by weight of synthetic staple fibres (other than sewing thread), n.p.r.s., n.e.c.
Prodcom 13108390 - Yarn containing < .85 % by weight of synthetic staple fibres (other than sewing thread), p.r.s.
Prodcom 131083Z0 - Yarn of synthetic staple fibres mixed with wool, n.p.r.s
Prodcom 13108410 - Yarn (other than sewing thread) of artificial staple fibres, n .p.r.s.
Prodcom 13108430 - Yarn (other than sewing thread) of artificial staple fibres, p.r.s.

Country coverage:

Kuwait

Data coverage:

Market volume and value
Per Capita consumption
Forecast of the market dynamics in the medium term
Trade (exports and imports) in Kuwait
Export and import prices
Market trends, drivers and restraints
Key market players and their profiles

Reasons to buy this report:

Take advantage of the latest data
Find deeper insights into current market developments
Discover vital success factors affecting the market

This report is designed for manufacturers, distributors, importers, and wholesalers, as well as for investors, consultants and advisors.

In this report, you can find information that helps you to make informed decisions on the following issues:

How to diversify your business and benefit from new market opportunities
How to load your idle production capacity
How to boost your sales on overseas markets
How to increase your profit margins
How to make your supply chain more sustainable
How to reduce your production and supply chain costs
How to outsource production to other countries
How to prepare your business for global expansion

While doing this research, we combine the accumulated expertise of our analysts and the capabilities of artificial intelligence. The AI-based platform, developed by our data scientists, constitutes the key working tool for business analysts, empowering them to discover deep insights and ideas from the marketing data.

1. INTRODUCTION

Making Data-Driven Decisions to Grow Your Business
1. REPORT DESCRIPTION
2. RESEARCH METHODOLOGY AND AI PLATFORM
3. DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
4. GLOSSARY AND SPECIFIC TERMS
2. EXECUTIVE SUMMARY

A Quick Overview of Market Performance
1. KEY FINDINGS
2. MARKET TRENDS This Chapter is Available Only for the Professional Edition PRO
3. MARKET OVERVIEW

Understanding the Current State of The Market and Its Prospects
1. MARKET SIZE
2. MARKET STRUCTURE
3. TRADE BALANCE
4. PER CAPITA CONSUMPTION
5. MARKET FORECAST TO 2030
4. MOST PROMISING PRODUCT

Finding New Products to Diversify Your Business
This Chapter is Available Only for the Professional Edition PRO
1. TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
2. BEST-SELLING PRODUCTS
3. MOST CONSUMED PRODUCT
4. MOST TRADED PRODUCT
5. MOST PROFITABLE PRODUCT FOR EXPORT
5. MOST PROMISING SUPPLYING COUNTRIES

Choosing the Best Countries to Establish Your Sustainable Supply Chain
This Chapter is Available Only for the Professional Edition PRO
1. TOP COUNTRIES TO SOURCE YOUR PRODUCT
2. TOP PRODUCING COUNTRIES
3. TOP EXPORTING COUNTRIES
4. LOW-COST EXPORTING COUNTRIES
6. MOST PROMISING OVERSEAS MARKETS

Choosing the Best Countries to Boost Your Exports
This Chapter is Available Only for the Professional Edition PRO
1. TOP OVERSEAS MARKETS FOR EXPORTING YOUR PRODUCT
2. TOP CONSUMING MARKETS
3. UNSATURATED MARKETS
4. TOP IMPORTING MARKETS
5. MOST PROFITABLE MARKETS
7. PRODUCTION

The Latest Trends and Insights into The Industry
1. PRODUCTION VOLUME AND VALUE
8. IMPORTS
The Largest Import Supplying Countries
1. IMPORTS FROM 2012–2023
2. IMPORTS BY COUNTRY
3. IMPORT PRICES BY COUNTRY
9. EXPORTS
The Largest Destinations for Exports
1. EXPORTS FROM 2012–2023
2. EXPORTS BY COUNTRY
3. EXPORT PRICES BY COUNTRY
10. PROFILES OF MAJOR PRODUCERS

The Largest Producers on The Market and Their Profiles
This Chapter is Available Only for the Professional Edition PRO
LIST OF TABLES
1. Key Findings In 2023
2. Market Volume, In Physical Terms, 2012–2023
3. Market Value, 2012–2023
4. Per Capita Consumption In 2012-2023
5. Imports, In Physical Terms, By Country, 2012–2023
6. Imports, In Value Terms, By Country, 2012–2023
7. Import Prices, By Country Of Origin, 2012–2023
8. Exports, In Physical Terms, By Country, 2012–2023
9. Exports, In Value Terms, By Country, 2012–2023
10. Export Prices, By Country Of Destination, 2012–2023
LIST OF FIGURES
1. Market Volume, In Physical Terms, 2012–2023
2. Market Value, 2012–2023
3. Market Structure – Domestic Supply vs. Imports, In Physical Terms, 2012-2023
4. Market Structure – Domestic Supply vs. Imports, In Value Terms, 2012-2023
5. Trade Balance, In Physical Terms, 2012-2023
6. Trade Balance, In Value Terms, 2012-2023
7. Per Capita Consumption, 2012-2023
8. Market Volume Forecast to 2030
9. Market Value Forecast to 2030
10. Products: Market Size And Growth, By Type
11. Products: Average Per Capita Consumption, By Type
12. Products: Exports And Growth, By Type
13. Products: Export Prices And Growth, By Type
14. Production Volume And Growth
15. Exports And Growth
16. Export Prices And Growth
17. Market Size And Growth
18. Per Capita Consumption
19. Imports And Growth
20. Import Prices
21. Production, In Physical Terms, 2012–2023
22. Production, In Value Terms, 2012–2023
23. Imports, In Physical Terms, 2012–2023
24. Imports, In Value Terms, 2012–2023
25. Imports, In Physical Terms, By Country, 2023
26. Imports, In Physical Terms, By Country, 2012–2023
27. Imports, In Value Terms, By Country, 2012–2023
28. Import Prices, By Country Of Origin, 2012–2023
29. Exports, In Physical Terms, 2012–2023
30. Exports, In Value Terms, 2012–2023
31. Exports, In Physical Terms, By Country, 2023
32. Exports, In Physical Terms, By Country, 2012–2023
33. Exports, In Value Terms, By Country, 2012–2023
34. Export Prices, By Country Of Destination, 2012–2023