Report Update: May 1, 2024

Kuwait - Polishes And Creams For Footwear Or Leather - Market Analysis, Forecast, Size, Trends And Insights

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Footwear Treatments Price in Kuwait - 2021

Footwear Treatments Price in Kuwait (CIF) - 2021

In December 2021, the average footwear treatments import price amounted to $4,188 per ton, shrinking by -24.1% against the previous month. In general, the import price saw a abrupt shrinkage. The most prominent rate of growth was recorded in June 2021 when the average import price increased by 422% m-o-m. As a result, import price attained the peak level of $33,052 per ton. From July 2021 to December 2021, the average import prices remained at a somewhat lower figure.

Prices varied noticeably by the country of origin: the country with the highest price was Germany ($24,594 per ton), while the price for India ($1,809 per ton) was amongst the lowest.

From January 2021 to December 2021, the most notable rate of growth in terms of prices was attained by the United States (+4.2%), while the prices for the other major suppliers experienced a decline.

Footwear Treatments Price in Kuwait (FOB) - 2022

In 2022, the average footwear treatments export price amounted to $4,129 per ton, with an increase of 4.6% against the previous year. Over the period under review, the export price, however, saw a noticeable contraction. The most prominent rate of growth was recorded in 2015 an increase of 6.9%. Over the period under review, the average export prices attained the peak figure at $5,264 per ton in 2012; however, from 2013 to 2022, the export prices remained at a lower figure.

Average prices varied noticeably for the major external markets. In 2022, amid the top suppliers, the country with the highest price was Oman ($4,343 per ton), while the average price for exports to Bahrain ($3,551 per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to the United Arab Emirates (+32.3%), while the prices for the other major destinations experienced a decline.

Footwear Treatments Imports in Kuwait

In 2022, overseas purchases of polishes and creams for footwear or leather were finally on the rise to reach 61 tons for the first time since 2019, thus ending a two-year declining trend. Overall, imports, however, saw a deep downturn.

In value terms, footwear treatments imports dropped to $413K in 2022. Over the period under review, imports, however, saw a precipitous slump. The most prominent rate of growth was recorded in 2021 when imports increased by 6.5%.

Import of Footwear Treatments in Kuwait (Thousand USD)
COUNTRY	2019	2020	2021	2022	CAGR, 2019-2022
United Arab Emirates	142	43.0	119	107	-9.0%
China	76.9	32.1	60.7	56.8	-9.6%
Lebanon	62.0	48.4	39.6	36.0	-16.6%
Germany	34.6	6.9	17.4	33.7	-0.9%
Egypt	1.4	2.6	5.3	29.5	176.2%
Saudi Arabia	35.6	30.1	26.6	26.2	-9.7%
Turkey	96.9	38.3	35.3	22.2	-38.8%
Bulgaria	12.9	19.5	15.7	14.0	2.8%
Kenya	29.4	11.2	2.3	8.7	-33.4%
India	55.3	5.6	10.9	2.0	-66.9%
United States	61.0	36.6	23.1	1.4	-71.6%
Pakistan	2.5	1.8	1.3	1.1	-23.9%
Poland	29.0	11.0	4.7	0.6	-72.5%
Others	214	113	63.7	73.8	-29.9%
Total	853	400	426	413	-21.5%

Top Suppliers of Footwear Treatments to Kuwait in 2022:

Egypt (16.2 tons)
China (8.1 tons)
Turkey (7.9 tons)
United Arab Emirates (7.5 tons)
Pakistan (3.2 tons)
Germany (2.8 tons)
Bulgaria (2.3 tons)
Saudi Arabia (2.2 tons)
Lebanon (2.1 tons)
Kenya (0.8 tons)
India (0.5 tons)
United States (0.2 tons)
Poland (0.1 tons)

Footwear Treatments Exports in Kuwait

In 2022, shipments abroad of polishes and creams for footwear or leather was finally on the rise to reach 394 kg for the first time since 2019, thus ending a two-year declining trend. Overall, exports, however, showed a deep slump.

In value terms, footwear treatments exports skyrocketed to $1.6K in 2022. In general, exports, however, continue to indicate a deep setback.

Export of Footwear Treatments in Kuwait (USD)
COUNTRY	2019	2020	2021	2022	CAGR, 2019-2022
Saudi Arabia	748	647	656	964	8.8%
Oman	267	918	593	469	20.7%
Bahrain	193	148	133	174	-3.4%
United Arab Emirates	955	158	N/A	N/A	-83.5%
Others	11.0	N/A	N/A	20.0	22.1%
Total	2,174	1,871	1,382	1,627	-9.2%

Top Export Markets for Footwear Treatments from Kuwait in 2022:

Saudi Arabia (235.0 kg)
Oman (108.0 kg)
Bahrain (49.0 kg)

Source: IndexBox Market Intelligence Platform

This report provides an in-depth analysis of the footwear treatments 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 20414330 - Polishes, creams and similar preparations, for footwear or leather (excluding artificial and prepared waxes)

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