Report Update: May 1, 2024

Kuwait - Natural Stone Setts, Kerbstones And Flagstones - Market Analysis, Forecast, Size, Trends And Insights

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Natural Stone Sett Price in Kuwait - 2021

Natural Stone Sett Price in Kuwait (CIF) - 2022

The average natural stone sett import price stood at $31 per ton in 2022, falling by -11.3% against the previous year. In general, the import price recorded a deep slump. The most prominent rate of growth was recorded in 2016 an increase of 25%. As a result, import price attained the peak level of $76 per ton. From 2017 to 2022, the average import prices remained at a lower figure.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Turkey ($45 per ton), while the price for Spain ($5.5 per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Egypt (+2.5%), while the prices for the other major suppliers experienced a decline.

Natural Stone Sett Price in Kuwait (FOB) - 2022

The average natural stone sett export price stood at $325 per ton in 2022, increasing by 26% against the previous year. In general, the export price saw a relatively flat trend pattern. The most prominent rate of growth was recorded in 2015 when the average export price increased by 95% against the previous year. Over the period under review, the average export prices attained the maximum at $395 per ton 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 Saudi Arabia ($2,328 per ton), while the average price for exports to Iraq totaled $300 per ton.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Saudi Arabia (+21.9%).

Natural Stone Sett Imports in Kuwait

In 2022, natural stone sett imports into Kuwait contracted to 66K tons, with a decrease of -9.6% on the previous year's figure. Over the period under review, imports saw a deep slump. The most prominent rate of growth was recorded in 2021 when imports increased by 125% against the previous year.

In value terms, natural stone sett imports declined sharply to $2.1M in 2022. Overall, imports faced a precipitous shrinkage. The growth pace was the most rapid in 2021 when imports increased by 66% against the previous year.

Import of Natural Stone Sett in Kuwait (Thousand USD)
COUNTRY	2019	2020	2021	2022	CAGR, 2019-2022
United Arab Emirates	355	194	867	981	40.3%
Italy	95.5	179	560	181	23.8%
Turkey	127	163	275	166	9.3%
Syrian Arab Republic	503	149	37.7	145	-33.9%
Spain	108	2.2	55.6	86.9	-7.0%
Saudi Arabia	1,721	217	82.0	67.9	-66.0%
Jordan	7.8	17.5	98.1	66.5	104.3%
Egypt	200	13.6	23.7	23.7	-50.9%
Portugal	188	113	118	6.5	-67.4%
China	740	68.8	1.9	6.1	-79.8%
Others	687	428	442	323	-22.2%
Total	4,734	1,546	2,561	2,053	-24.3%

Top Suppliers of Natural Stone Sett to Kuwait in 2022:

United Arab Emirates (23.7K tons)
Spain (15.8K tons)
Syrian Arab Republic (5.4K tons)
Italy (4.7K tons)
Turkey (3.7K tons)
Jordan (2.5K tons)
Saudi Arabia (2.3K tons)
Egypt (0.6K tons)
China (0.3K tons)
Portugal (0.1K tons)

Natural Stone Sett Exports in Kuwait

In 2022, the amount of natural stone setts, kerbstones and flagstones exported from Kuwait reduced dramatically to 108 tons, shrinking by -41.4% against 2021 figures. Over the period under review, exports saw a abrupt contraction. The pace of growth appeared the most rapid in 2021 when exports increased by 52%. As a result, the exports reached the peak of 185 tons, and then shrank dramatically in the following year.

In value terms, natural stone sett exports reduced rapidly to $35K in 2022. Overall, exports saw a abrupt setback. The most prominent rate of growth was recorded in 2021 with an increase of 110%. As a result, the exports reached the peak of $48K, and then declined rapidly in the following year.

Export of Natural Stone Sett in Kuwait (Thousand USD)
COUNTRY	2019	2020	2021	2022	CAGR, 2019-2022
Iraq	36.6	20.3	42.4	31.3	-5.1%
Syrian Arab Republic	0.5	0.2	0.3	0.2	-26.3%
Others	5.5	2.2	5.0	3.7	-12.4%
Total	42.6	22.7	47.7	35.2	-6.2%

Top Export Markets for Natural Stone Sett from Kuwait in 2022:

Iraq (104.5 tons)
Syrian Arab Republic (1.4 tons)

Source: IndexBox Market Intelligence Platform

This report provides an in-depth analysis of the natural stone sett 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 23701210 - Natural stone setts, kerbstones and flagstones (excluding of slate)

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