Kuwait - MDF - Market Analysis, Forecast, Size, Trends and Insights
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View PricingMDF Price in Kuwait - 2022
Contents:
- MDF Price in Kuwait (CIF) - 2021
- MDF Price in Kuwait (FOB) - 2022
- MDF Imports in Kuwait
- MDF Exports in Kuwait
MDF Price in Kuwait (CIF) - 2021
The average MDF import price stood at $381 per cubic meter in December 2021, dropping by -55.2% against the previous month. Over the period under review, the import price recorded a relatively flat trend pattern. The pace of growth appeared the most rapid in November 2021 an increase of 117% month-to-month. As a result, import price attained the peak level of $851 per cubic meter, and then declined remarkably in the following month.
Prices varied noticeably by the country of origin: the country with the highest price was China ($584 per cubic meter), while the price for Vietnam ($313 per cubic meter) was amongst the lowest.
From January 2021 to December 2021, the most notable rate of growth in terms of prices was attained by China (+1.7%), while the prices for the other major suppliers experienced mixed trend patterns.
MDF Price in Kuwait (FOB) - 2022
The average MDF export price stood at $840 per cubic meter in 2022, almost unchanged from the previous year. Over the period under review, the export price, however, posted buoyant growth. The most prominent rate of growth was recorded in 2021 an increase of 120%. Over the period under review, the average export prices hit record highs at $1,236 per cubic meter in 2019; however, from 2020 to 2022, 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 China ($925 per cubic meter), while the average price for exports to Saudi Arabia amounted to $520 per cubic meter.
From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Germany (+34.4%), while the prices for the other major destinations experienced mixed trend patterns.
MDF Imports in Kuwait
In 2022, overseas purchases of MDF were finally on the rise to reach 54K cubic meters after two years of decline. Overall, imports, however, saw a abrupt curtailment. Imports peaked at 80K cubic meters in 2019; however, from 2020 to 2022, imports failed to regain momentum.
In value terms, MDF imports surged to $20M in 2022. Over the period under review, imports, however, faced a deep slump. Over the period under review, imports hit record highs at $29M in 2019; however, from 2020 to 2022, imports failed to regain momentum.
| Import of MDF in Kuwait (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Thailand | 11.3 | 10.6 | 9.3 | 13.6 | 6.4% |
| China | 2.4 | 1.6 | 1.6 | 2.2 | -2.9% |
| Malaysia | 3.6 | 2.8 | 0.6 | 0.9 | -37.0% |
| Vietnam | 0.8 | 0.9 | 0.6 | 0.8 | 0.0% |
| United Arab Emirates | 0.8 | 0.6 | 0.5 | 0.6 | -9.1% |
| Spain | 1.2 | 0.8 | 0.5 | 0.2 | -45.0% |
| Italy | 0.9 | 0.2 | 0.1 | 0.1 | -51.9% |
| Others | 8.1 | 6.4 | 3.8 | 2.0 | -37.3% |
| Total | 29.0 | 23.9 | 17.0 | 20.4 | -11.1% |
Top Suppliers of MDF to Kuwait in 2022:
- Thailand (39.2K cubic meters)
- China (4.3K cubic meters)
- Malaysia (3.0K cubic meters)
- Vietnam (2.3K cubic meters)
- United Arab Emirates (1.9K cubic meters)
- Italy (0.4K cubic meters)
- Spain (0.2K cubic meters)
MDF Exports in Kuwait
In 2022, overseas shipments of MDF decreased by -21.6% to 76 cubic meters, falling for the second year in a row after two years of growth. Over the period under review, exports, however, continue to indicate a significant expansion. The most prominent rate of growth was recorded in 2020 with an increase of 747% against the previous year. As a result, the exports attained the peak of 127 cubic meters. From 2021 to 2022, the growth of the exports remained at a somewhat lower figure.
In value terms, MDF exports shrank remarkably to $64K in 2022. Overall, exports, however, enjoyed significant growth. The growth pace was the most rapid in 2020 when exports increased by 163%. The exports peaked at $82K in 2021, and then dropped notably in the following year.
| Export of MDF in Kuwait (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| China | 0.2 | 43.1 | 0.6 | 55.5 | 552.3% |
| Saudi Arabia | 16.4 | 5.7 | 10.9 | 8.3 | -20.3% |
| United Arab Emirates | N/A | N/A | 70.5 | N/A | 0% |
| Others | 2.0 | N/A | N/A | N/A | 0% |
| Total | 18.5 | 48.7 | 82.0 | 63.8 | 51.1% |
Top Export Markets for MDF from Kuwait in 2022:
- China (60.0 cubic meters)
- Saudi Arabia (16.0 cubic meters)
This report provides an in-depth analysis of the mdf 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 1648 - MDF/HDF
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
- 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
-
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
-
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
-
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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