Kuwait: Veneer Sheet Market 2024

Veneer Sheet Market Size in Kuwait

The Kuwaiti veneer sheet market soared to $X in 2023, 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, consumption, however, saw a deep reduction. As a result, consumption attained the peak level of $X. From 2015 to 2023, the growth of the market remained at a somewhat lower figure.

Veneer Sheet Exports

Exports from Kuwait

Veneer sheet exports from Kuwait surged to X square meters in 2023, picking up by X% compared with 2022 figures. In general, exports, however, recorded a deep reduction. The most prominent rate of growth was recorded in 2020 when exports increased by X%. The exports peaked at X square meters in 2012; however, from 2013 to 2023, the exports remained at a lower figure.

In value terms, veneer sheet exports soared to $X in 2023. Over the period under review, exports, however, recorded a perceptible decline. The pace of growth was the most pronounced in 2020 when exports increased by X% against the previous year. The exports peaked at $X in 2016; however, from 2017 to 2023, the exports stood at a somewhat lower figure.

Exports by Country

Qatar (X square meters) was the main destination for veneer sheet exports from Kuwait, accounting for a X% share of total exports. Moreover, veneer sheet exports to Qatar exceeded the volume sent to the second major destination, Oman (X square meters), twofold. The third position in this ranking was taken by the United Arab Emirates (X square meters), with a X% share.

From 2012 to 2023, the average annual rate of growth in terms of volume to Qatar amounted to X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Oman (X% per year) and the United Arab Emirates (X% per year).

In value terms, Qatar ($X) remains the key foreign market for veneer sheets and sheets for plywood and other wood sawn lengthwise exports from Kuwait, comprising X% of total exports. The second position in the ranking was taken by the United Arab Emirates ($X), with a X% share of total exports. It was followed by Oman, with a X% share.

From 2012 to 2023, the average annual growth rate of value to Qatar amounted to X%. Exports to the other major destinations recorded the following average annual rates of exports growth: the United Arab Emirates (X% per year) and Oman (X% per year).

Export Prices by Country

The average veneer sheet export price stood at $X per square meter in 2023, growing by X% against the previous year. Over the period under review, the export price continues to indicate a prominent expansion. The most prominent rate of growth was recorded in 2019 an increase of X%. As a result, the export price attained the peak level of $X per square meter. From 2020 to 2023, the average export prices remained at a somewhat lower figure.

There were significant differences in the average prices for the major foreign markets. In 2023, amid the top suppliers, the country with the highest price was Qatar ($X per square meter), while the average price for exports to Singapore (less than $X per square meter) was amongst the lowest.

From 2012 to 2023, the most notable rate of growth in terms of prices was recorded for supplies to the United Arab Emirates (X%), while the prices for the other major destinations experienced mixed trend patterns.

Veneer Sheet Imports

Imports into Kuwait

In 2023, veneer sheet imports into Kuwait surged to X square meters, rising by X% compared with the year before. Overall, imports, however, saw a deep reduction. The pace of growth appeared the most rapid in 2014 when imports increased by X% against the previous year. As a result, imports reached the peak of X square meters. From 2015 to 2023, the growth of imports remained at a lower figure.

In value terms, veneer sheet imports soared to $X in 2023. Over the period under review, imports, however, continue to indicate a deep setback. The pace of growth appeared the most rapid in 2021 with an increase of X%. Imports peaked at $X in 2012; however, from 2013 to 2023, imports remained at a lower figure.

Imports by Country

The United States (X square meters), Saudi Arabia (X square meters) and Austria (X square meters) were the main suppliers of veneer sheet imports to Kuwait, with a combined X% share of total imports. Malaysia, China, Sweden, Italy, Slovenia, Ghana, Croatia, Germany, Romania and Thailand lagged somewhat behind, together accounting for a further X%.

From 2012 to 2023, the biggest increases were recorded for Sweden (with a CAGR of X%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, the largest veneer sheet suppliers to Kuwait were Italy ($X), the United States ($X) and China ($X), together accounting for X% of total imports. Germany, Slovenia, Croatia, Sweden, Austria, Saudi Arabia, Romania, Malaysia, Ghana and Thailand lagged somewhat behind, together comprising a further X%.

Sweden, with a CAGR of X%, saw the highest rates of growth with regard to 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

The average veneer sheet import price stood at $X per square meter in 2023, falling by X% against the previous year. Over the period under review, the import price, however, continues to indicate a strong increase. The most prominent rate of growth was recorded in 2016 an increase of X%. Over the period under review, average import prices attained the maximum at $X per square meter in 2019; however, from 2020 to 2023, import prices stood at a somewhat lower figure.

There were significant differences in the average prices amongst the major supplying countries. In 2023, amid the top importers, the country with the highest price was Germany ($X per square meter), while the price for Malaysia ($X per square meter) was amongst the lowest.

From 2012 to 2023, the most notable rate of growth in terms of prices was attained by China (X%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform