Price for Furniture; Wooden, Other than for Office, Kitchen or Bedroom Use in Kuwait - 2022
Contents:
- Price for Furniture; Wooden, Other than for Office, Kitchen or Bedroom Use in Kuwait (CIF) - 2022
- Price for Furniture; Wooden, Other than for Office, Kitchen or Bedroom Use in Kuwait (FOB) - 2022
- Imports of Furniture; Wooden, Other than for Office, Kitchen or Bedroom Use in Kuwait
- Exports of Furniture; Wooden, Other than for Office, Kitchen or Bedroom Use in Kuwait
Price for Furniture; Wooden, Other than for Office, Kitchen or Bedroom Use in Kuwait (CIF) - 2022
In 2022, the average import price for furniture; wooden, other than for office, kitchen or bedroom use amounted to $69 per unit, stabilizing at the previous year. In general, the import price, however, continues to indicate a noticeable downturn. The pace of growth appeared the most rapid in 2018 when the average import price increased by 21% against the previous year. The import price peaked at $89 per unit in 2012; however, from 2013 to 2022, 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 Bahrain ($252 per unit), while the price for Poland ($31 per unit) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Bahrain (+9.8%), while the prices for the other major suppliers experienced more modest paces of growth.
Price for Furniture; Wooden, Other than for Office, Kitchen or Bedroom Use in Kuwait (FOB) - 2022
The average export price for furniture; wooden, other than for office, kitchen or bedroom use stood at $76 per unit in 2022, dropping by -38.2% against the previous year. Overall, the export price saw a slight downturn. The most prominent rate of growth was recorded in 2016 an increase of 39% against the previous year. The export price peaked at $183 per unit in 2019; however, from 2020 to 2022, the export prices remained at a 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 the United Arab Emirates ($179 per unit), while the average price for exports to Poland ($16 per unit) 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 (+4.5%), while the prices for the other major destinations experienced more modest paces of growth.
Imports of Furniture; Wooden, Other than for Office, Kitchen or Bedroom Use in Kuwait
In 2022, supplies from abroad of furniture; wooden, other than for office, kitchen or bedroom use decreased by -13.1% to 1.2M units for the first time since 2018, thus ending a three-year rising trend. The total import volume increased at an average annual rate of +4.8% over the period from 2019 to 2022; the trend pattern remained consistent, with only minor fluctuations being recorded in certain years. The growth pace was the most rapid in 2020 with an increase of 17%. Imports peaked at 1.4M units in 2021, and then contracted in the following year.
In value terms, imports of furniture; wooden, other than for office, kitchen or bedroom use contracted to $86M in 2022. Overall, imports saw a relatively flat trend pattern. The pace of growth appeared the most rapid in 2021 with an increase of 8.3% against the previous year. As a result, imports attained the peak of $98M, and then fell in the following year.
| Import of Furniture; Wooden, Other than for Office, Kitchen or Bedroom Use in Kuwait (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| China | 15.4 | 19.6 | 30.1 | 20.7 | 10.4% |
| Italy | 13.6 | 12.0 | 15.9 | 11.4 | -5.7% |
| Turkey | 3.8 | 6.0 | 8.1 | 7.8 | 27.1% |
| Bahrain | 16.9 | 6.8 | 6.7 | 7.7 | -23.1% |
| Poland | 6.4 | 8.0 | 7.7 | 6.8 | 2.0% |
| Malaysia | 3.8 | 3.6 | 3.7 | 5.3 | 11.7% |
| Lithuania | 2.3 | 3.5 | 3.4 | 4.3 | 23.2% |
| United Arab Emirates | 2.3 | 2.4 | 3.7 | 3.6 | 16.1% |
| Vietnam | 2.9 | 2.7 | 3.6 | 3.4 | 5.4% |
| India | 1.3 | 1.2 | 2.3 | 2.2 | 19.2% |
| Germany | 2.2 | 3.9 | 0.8 | 1.4 | -14.0% |
| United Kingdom | 2.3 | 5.3 | 0.4 | 1.3 | -17.3% |
| Thailand | 0.4 | 1.3 | 1.2 | 1.0 | 35.7% |
| Others | 13.0 | 14.1 | 10.5 | 8.7 | -12.5% |
| Total | 86.7 | 90.4 | 98.0 | 85.5 | -0.5% |
Top Suppliers of Furniture; Wooden, Other than for Office, Kitchen or Bedroom Use to Kuwait in 2022:
- China (302.8K units)
- Poland (215.6K units)
- Turkey (179.0K units)
- Italy (124.8K units)
- Malaysia (98.9K units)
- Lithuania (70.6K units)
- India (35.9K units)
- Bahrain (30.3K units)
- Vietnam (24.3K units)
- United Arab Emirates (20.7K units)
- Thailand (20.2K units)
- Germany (15.2K units)
- United Kingdom (9.1K units)
Exports of Furniture; Wooden, Other than for Office, Kitchen or Bedroom Use in Kuwait
Exports of furniture; wooden, other than for office, kitchen or bedroom use from Kuwait skyrocketed to 106K units in 2022, jumping by 282% on 2021 figures. Over the period under review, exports enjoyed a significant expansion. As a result, the exports attained the peak and are likely to continue growth in the immediate term.
In value terms, exports of furniture; wooden, other than for office, kitchen or bedroom use skyrocketed to $8M in 2022. In general, exports showed a significant expansion. As a result, the exports reached the peak and are likely to continue growth in the immediate term.
| Export of Furniture; Wooden, Other than for Office, Kitchen or Bedroom Use in Kuwait (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Saudi Arabia | 1,151 | 780 | 1,325 | 4,636 | 59.1% |
| Qatar | 703 | 541 | 399 | 920 | 9.4% |
| Jordan | 171 | 194 | 117 | 789 | 66.5% |
| United Arab Emirates | 658 | 204 | 184 | 427 | -13.4% |
| Egypt | 71.7 | 193 | 742 | 332 | 66.7% |
| New Zealand | 119 | 135 | 167 | 215 | 21.8% |
| Iraq | 274 | 10.2 | 28.6 | 49.9 | -43.3% |
| Poland | 20.2 | 23.1 | 28.5 | 36.6 | 21.9% |
| Others | 527 | 334 | 418 | 635 | 6.4% |
| Total | 3,695 | 2,414 | 3,409 | 8,040 | 29.6% |
Top Export Markets for Furniture; Wooden, Other than for Office, Kitchen or Bedroom Use from Kuwait in 2022:
- Saudi Arabia (63.2K units)
- Qatar (12.5K units)
- Jordan (10.8K units)
- Egypt (4.5K units)
- New Zealand (2.9K units)
- United Arab Emirates (2.4K units)
- Poland (2.3K units)
- Iraq (0.7K units)
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