Kuwait - Wood-Based Panels - Market Analysis, Forecast, Size, Trends and Insights
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View PricingWood-Based Panels Price in Kuwait - 2021
Contents:
- Wood-Based Panels Price in Kuwait (CIF) - 2022
- Wood-Based Panels Price in Kuwait (FOB) - 2022
- Wood-Based Panels Imports in Kuwait
- Wood-Based Panels Exports in Kuwait
Wood-Based Panels Price in Kuwait (CIF) - 2022
The average wood-based panels import price stood at $434 per cubic meter in 2022, rising by 6.3% against the previous year. Over the period under review, the import price saw a relatively flat trend pattern. Over the period under review, average import prices reached the peak figure at $448 per cubic meter in 2014; however, from 2015 to 2022, import prices stood at a somewhat lower figure.
Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Indonesia ($674 per cubic meter), while the price for Thailand ($303 per cubic meter) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by the United Arab Emirates (+3.8%), while the prices for the other major suppliers experienced more modest paces of growth.
Wood-Based Panels Price in Kuwait (FOB) - 2022
The average wood-based panels export price stood at $381 per cubic meter in 2022, with an increase of 2.3% against the previous year. Over the period under review, the export price saw a slight increase. The pace of growth appeared the most rapid in 2019 when the average export price increased by 61%. Over the period under review, the average export prices reached the peak figure at $508 per cubic meter in 2016; however, from 2017 to 2022, the export prices stood at a somewhat lower figure.
There were significant differences in the average prices for the major external markets. In 2022, amid the top suppliers, the country with the highest price was India ($786 per cubic meter), while the average price for exports to Saudi Arabia ($273 per cubic meter) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to India (+2.8%), while the prices for the other major destinations experienced more modest paces of growth.
Wood-Based Panels Imports in Kuwait
Wood-based panels imports into Kuwait dropped remarkably to 265K cubic meters in 2022, which is down by -23.6% on 2021. Over the period under review, total imports indicated a pronounced increase from 2019 to 2022: its volume increased at an average annual rate of +3.7% over the last three-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +35.1% against 2020 indices. The growth pace was the most rapid in 2021 with an increase of 77% against the previous year. As a result, imports reached the peak of 347K cubic meters, and then shrank significantly in the following year.
In value terms, wood-based panels imports shrank notably to $115M in 2022. In general, total imports indicated a buoyant increase from 2019 to 2022: its value increased at an average annual rate of +6.9% over the last three-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +52.4% against 2020 indices. The most prominent rate of growth was recorded in 2021 when imports increased by 88% against the previous year. As a result, imports attained the peak of $142M, and then dropped notably in the following year.
| Import of Wood-Based Panels in Kuwait (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| China | 25.9 | 18.4 | 40.8 | 31.7 | 7.0% |
| Indonesia | 11.1 | 7.0 | 11.7 | 11.6 | 1.5% |
| Thailand | 12.6 | 11.8 | 16.5 | 11.6 | -2.7% |
| Saudi Arabia | 2.9 | 3.3 | 6.9 | 6.1 | 28.1% |
| Vietnam | 0.9 | 1.3 | 4.9 | 2.9 | 47.7% |
| Romania | 2.0 | 3.2 | 2.5 | 2.7 | 10.5% |
| United Arab Emirates | 2.2 | 1.7 | 3.4 | 2.7 | 7.1% |
| Turkey | 0.4 | 0.8 | 2.6 | 1.9 | 68.1% |
| Malaysia | 6.6 | 5.3 | 1.3 | 1.7 | -36.4% |
| Others | 29.3 | 22.8 | 51.1 | 42.1 | 12.8% |
| Total | 94.0 | 75.4 | 142 | 115 | 7.0% |
Top Suppliers of Wood-Based Panels to Kuwait in 2022:
- China (77.8K cubic meters)
- Thailand (38.5K cubic meters)
- Indonesia (17.2K cubic meters)
- Saudi Arabia (13.3K cubic meters)
- Romania (6.7K cubic meters)
- Vietnam (5.0K cubic meters)
- United Arab Emirates (4.6K cubic meters)
- Turkey (3.5K cubic meters)
- Malaysia (3.4K cubic meters)
Wood-Based Panels Exports in Kuwait
For the fourth consecutive year, Kuwait recorded growth in shipments abroad of wood-based panels, which increased by 6.5% to 2.1K cubic meters in 2022. Overall, exports showed significant growth. The pace of growth was the most pronounced in 2021 with an increase of 93%. Over the period under review, the exports hit record highs in 2022 and are likely to see gradual growth in the immediate term.
In value terms, wood-based panels exports rose remarkably to $797K in 2022. Over the period under review, exports recorded a significant increase. The pace of growth was the most pronounced in 2021 with an increase of 75%. The exports peaked in 2022 and are likely to see steady growth in the near future.
| Export of Wood-Based Panels in Kuwait (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Bahrain | 111 | 53.2 | 152 | 304 | 39.9% |
| Saudi Arabia | 136 | 183 | 290 | 239 | 20.7% |
| Qatar | 172 | 66.8 | 56.4 | 137 | -7.3% |
| India | 19.2 | 41.1 | 30.6 | 61.3 | 47.2% |
| China | 0.2 | 43.1 | 0.7 | 55.5 | 552.3% |
| Iraq | N/A | 0.7 | 58.7 | N/A | 8285.7% |
| Others | 8.4 | 30.6 | 143 | 0.1 | -77.2% |
| Total | 447 | 419 | 732 | 797 | 21.3% |
Top Export Markets for Wood-Based Panels from Kuwait in 2022:
- Saudi Arabia (876.0 cubic meters)
- Bahrain (779.0 cubic meters)
- Qatar (206.0 cubic meters)
- China (151.0 cubic meters)
- India (78.0 cubic meters)
This report provides an in-depth analysis of the wood-based panels 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:
- FCL 1647 - Hardboard
- FCL 1648 - MDF/HDF
- FCL 1650 - Other fibreboard
- FCL 1697 - Particle board
- FCL 1606 - OSB
- FCL 1640 - Plywood
- FCL 1634 - Veneer sheets
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.
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1. INTRODUCTION
Making Data-Driven Decisions to Grow Your Business
- REPORT DESCRIPTION
- RESEARCH METHODOLOGY AND AI PLATFORM
- DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
- GLOSSARY AND SPECIFIC TERMS
-
2. EXECUTIVE SUMMARY
A Quick Overview of Market Performance
- KEY FINDINGS
- MARKET TRENDS This Chapter is Available Only for the Professional Edition PRO
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3. MARKET OVERVIEW
Understanding the Current State of The Market and Its Prospects
- MARKET SIZE
- MARKET STRUCTURE
- TRADE BALANCE
- PER CAPITA CONSUMPTION
- MARKET FORECAST TO 2030
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4. MOST PROMISING PRODUCT
Finding New Products to Diversify Your Business
This Chapter is Available Only for the Professional Edition PRO- TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
- BEST-SELLING PRODUCTS
- MOST CONSUMED PRODUCT
- MOST TRADED PRODUCT
- MOST PROFITABLE PRODUCT FOR EXPORT
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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- TOP COUNTRIES TO SOURCE YOUR PRODUCT
- TOP PRODUCING COUNTRIES
- TOP EXPORTING COUNTRIES
- LOW-COST EXPORTING COUNTRIES
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6. MOST PROMISING OVERSEAS MARKETS
Choosing the Best Countries to Boost Your Exports
This Chapter is Available Only for the Professional Edition PRO- TOP OVERSEAS MARKETS FOR EXPORTING YOUR PRODUCT
- TOP CONSUMING MARKETS
- UNSATURATED MARKETS
- TOP IMPORTING MARKETS
- MOST PROFITABLE MARKETS
7. PRODUCTION
The Latest Trends and Insights into The Industry
- PRODUCTION VOLUME AND VALUE
8. IMPORTS
The Largest Import Supplying Countries
- IMPORTS FROM 2012–2023
- IMPORTS BY COUNTRY
- IMPORT PRICES BY COUNTRY
9. EXPORTS
The Largest Destinations for Exports
- EXPORTS FROM 2012–2023
- EXPORTS BY COUNTRY
- EXPORT PRICES BY COUNTRY
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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
- Key Findings In 2023
- Market Volume, In Physical Terms, 2012–2023
- Market Value, 2012–2023
- Per Capita Consumption In 2012-2023
- Imports, In Physical Terms, By Country, 2012–2023
- Imports, In Value Terms, By Country, 2012–2023
- Import Prices, By Country Of Origin, 2012–2023
- Exports, In Physical Terms, By Country, 2012–2023
- Exports, In Value Terms, By Country, 2012–2023
- Export Prices, By Country Of Destination, 2012–2023
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LIST OF FIGURES
- Market Volume, In Physical Terms, 2012–2023
- Market Value, 2012–2023
- Market Structure – Domestic Supply vs. Imports, In Physical Terms, 2012-2023
- Market Structure – Domestic Supply vs. Imports, In Value Terms, 2012-2023
- Trade Balance, In Physical Terms, 2012-2023
- Trade Balance, In Value Terms, 2012-2023
- Per Capita Consumption, 2012-2023
- Market Volume Forecast to 2030
- Market Value Forecast to 2030
- Products: Market Size And Growth, By Type
- Products: Average Per Capita Consumption, By Type
- Products: Exports And Growth, By Type
- Products: Export Prices And Growth, By Type
- Production Volume And Growth
- Exports And Growth
- Export Prices And Growth
- Market Size And Growth
- Per Capita Consumption
- Imports And Growth
- Import Prices
- Production, In Physical Terms, 2012–2023
- Production, In Value Terms, 2012–2023
- Imports, In Physical Terms, 2012–2023
- Imports, In Value Terms, 2012–2023
- Imports, In Physical Terms, By Country, 2023
- Imports, In Physical Terms, By Country, 2012–2023
- Imports, In Value Terms, By Country, 2012–2023
- Import Prices, By Country Of Origin, 2012–2023
- Exports, In Physical Terms, 2012–2023
- Exports, In Value Terms, 2012–2023
- Exports, In Physical Terms, By Country, 2023
- Exports, In Physical Terms, By Country, 2012–2023
- Exports, In Value Terms, By Country, 2012–2023
- Export Prices, By Country Of Destination, 2012–2023
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