Report Update: May 1, 2024

Kuwait - Paints And Varnishes Dispersed Or Dissolved In A Non-Aqueous Medium - Market Analysis, Forecast, Size, Trends and Insights

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Price for Non-Aqueous Paint and Varnish in Kuwait - 2021

Price for Non-Aqueous Paint and Varnish in Kuwait (CIF) - 2021

The average non-aqueous paint and varnish import price stood at $2,199 per ton in December 2021, approximately reflecting the previous month. In general, the import price, however, showed a slight curtailment. The growth pace was the most rapid in September 2021 when the average import price increased by 18% against the previous month. As a result, import price attained the peak level of $3,107 per ton. From October 2021 to December 2021, the average import prices remained at a lower figure.

Prices varied noticeably by the country of origin: the country with the highest price was Egypt ($8,132 per ton), while the price for Saudi Arabia ($1,240 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 Egypt (+6.8%), while the prices for the other major suppliers experienced more modest paces of growth.

Price for Non-Aqueous Paint and Varnish in Kuwait (FOB) - 2021

The average non-aqueous paint and varnish export price stood at $1,676 per ton in December 2021, falling by -12.4% against the previous month. In general, the export price saw a relatively flat trend pattern. The pace of growth was the most pronounced in August 2021 when the average export price increased by 66% m-o-m. As a result, the export price attained the peak level of $2,596 per ton. From September 2021 to December 2021, the the average export prices remained at a lower figure.

Prices varied noticeably by the country of destination: the country with the highest price was the United Arab Emirates ($5,595 per ton), while the average price for exports to Iraq ($773 per ton) was amongst the lowest.

From January 2021 to December 2021, the most notable rate of growth in terms of prices was recorded for supplies to Qatar (+8.9%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Non-Aqueous Paint and Varnish in Kuwait

In 2022, the amount of paints and varnishes dispersed or dissolved in a non-aqueous medium imported into Kuwait contracted to 20K tons, falling by -10.8% on the year before. The total import volume increased at an average annual rate of +1.4% over the period from 2019 to 2022; the trend pattern remained consistent, with only minor fluctuations being observed throughout the analyzed period. The growth pace was the most rapid in 2021 with an increase of 27% against the previous year. As a result, imports attained the peak of 22K tons, and then fell in the following year.

In value terms, non-aqueous paint and varnish imports shrank to $50M in 2022. Over the period under review, imports recorded a slight decrease. The growth pace was the most rapid in 2021 with an increase of 30%. As a result, imports attained the peak of $57M, and then reduced in the following year.

Import of Non-Aqueous Paint and Varnish in Kuwait (Million USD)
COUNTRY	2019	2020	2021	2022	CAGR, 2019-2022
United Arab Emirates	41.1	34.0	44.1	39.1	-1.6%
Egypt	2.0	1.3	2.3	2.2	3.2%
Italy	1.6	0.9	1.3	1.1	-11.7%
Lebanon	1.2	1.0	1.3	1.1	-2.9%
Jordan	0.8	0.6	1.2	1.1	11.2%
Others	6.4	6.1	6.9	5.9	-2.7%
Total	53.0	43.9	57.1	50.5	-1.6%

Top Suppliers of Non-Aqueous Paint and Varnish to Kuwait in 2022:

United Arab Emirates (17.4K tons)
Lebanon (0.4K tons)
Egypt (0.3K tons)
Jordan (0.3K tons)
Italy (0.2K tons)

Exports of Non-Aqueous Paint and Varnish in Kuwait

In 2022, overseas shipments of paints and varnishes dispersed or dissolved in a non-aqueous medium decreased by -2.3% to 901 tons for the first time since 2018, thus ending a three-year rising trend. In general, exports, however, continue to indicate a significant increase. The pace of growth was the most pronounced in 2020 with an increase of 268%.

In value terms, non-aqueous paint and varnish exports reduced to $2.1M in 2022. Overall, exports, however, enjoyed significant growth. The pace of growth appeared the most rapid in 2020 when exports increased by 261%.

Export of Non-Aqueous Paint and Varnish in Kuwait (Thousand USD)
COUNTRY	2019	2020	2021	2022	CAGR, 2019-2022
Jordan	183	534	582	598	48.4%
United Arab Emirates	39.3	268	468	404	117.4%
Iraq	43.3	315	395	345	99.7%
Saudi Arabia	38.2	189	306	265	90.7%
Syrian Arab Republic	122	182	125	158	9.0%
Bahrain	10.1	114	119	107	119.6%
China	N/A	15.4	N/A	N/A	0%
Others	97.7	311	268	218	30.7%
Total	534	1,928	2,263	2,095	57.7%

Top Export Markets for Non-Aqueous Paint and Varnish from Kuwait in 2022:

Iraq (404.9 tons)
Jordan (179.1 tons)
United Arab Emirates (102.5 tons)
Saudi Arabia (95.5 tons)
Syrian Arab Republic (45.9 tons)
Bahrain (32.5 tons)

Source: IndexBox Market Intelligence Platform

This report provides an in-depth analysis of the market for non-aqueous paint and varnish 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 20301225 - Paints and varnishes, based on polyesters dispersed/dissolved in a non-aqueous medium, weight of the solvent > .50 % of the weight of the solution including enamels and lacquers
Prodcom 20301229 - Paints and varnishes, based on polyesters dispersed/dissolved in a non-aqueous medium including enamels and lacquers excluding weight of the solvent > .50 % of the weight of the solution
Prodcom 20301230 - Paints and varnishes, based on acrylic or vinyl polymers dispersed/dissolved in non-aqueous medium, weight of the solvent > .50 % of the solution weight including enamels and lacquers
Prodcom 20301250 - Other paints and varnishes based on acrylic or vinyl polymers
Prodcom 20301270 - Paints and varnishes: solutions n.e.c.
Prodcom 20301290 - Other paints and varnishes based on synthetic polymers n.e.c.

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
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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
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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