Kuwait: Adhesive Bandage Market 2023

Adhesive Bandage Market Size in Kuwait

In 2022, the Kuwaiti adhesive bandage market decreased by -19.9% to $X for the first time since 2019, thus ending a two-year rising trend. In general, consumption, however, showed a resilient increase. Adhesive bandage consumption peaked at $X in 2021, and then reduced markedly in the following year.

Adhesive Bandage Exports

Exports from Kuwait

After three years of decline, shipments abroad of adhesive bandages increased by 28,550% to X tons in 2022. In general, exports, however, saw a pronounced shrinkage. The exports peaked at X tons in 2018; however, from 2019 to 2022, the exports remained at a lower figure.

In value terms, adhesive bandage exports soared to $X in 2022. Overall, exports, however, showed a pronounced curtailment. The exports peaked at $X in 2018; however, from 2019 to 2022, the exports stood at a somewhat lower figure.

Exports by Country

Saudi Arabia (X tons), the United Arab Emirates (X kg) and Jordan (X kg) were the main destinations of adhesive bandage exports from Kuwait, with a combined 99% share of total exports.

From 2012 to 2022, the biggest increases were recorded for Saudi Arabia (with a CAGR of +16.4%), while shipments for the other leaders experienced a decline.

In value terms, Saudi Arabia ($X) remains the key foreign market for adhesive bandages exports from Kuwait, comprising 85% of total exports. The second position in the ranking was held by the United Arab Emirates ($X), with a 6% share of total exports.

From 2012 to 2022, the average annual growth rate of value to Saudi Arabia totaled +21.2%. Exports to the other major destinations recorded the following average annual rates of exports growth: the United Arab Emirates (-23.4% per year) and Jordan (-24.6% per year).

Export Prices by Country

In 2022, the average adhesive bandage export price amounted to $X per ton, growing by 30% against the previous year. Overall, the export price saw pronounced growth. The pace of growth appeared the most rapid in 2014 when the average export price increased by 214%. Over the period under review, the average export prices reached the peak figure at $X per ton in 2016; however, from 2017 to 2022, the export prices remained at a lower figure.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Saudi Arabia ($X per ton), while the average price for exports to Jordan ($X 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 Saudi Arabia (+4.1%), while the prices for the other major destinations experienced a decline.

Adhesive Bandage Imports

Imports into Kuwait

In 2022, the amount of adhesive bandages imported into Kuwait declined rapidly to X tons, dropping by -18.7% against 2021 figures. In general, imports, however, saw a strong expansion. The most prominent rate of growth was recorded in 2017 when imports increased by 125% against the previous year. Over the period under review, imports hit record highs at X tons in 2018; however, from 2019 to 2022, imports remained at a lower figure.

In value terms, adhesive bandage imports shrank markedly to $X in 2022. Overall, imports, however, saw a prominent increase. The growth pace was the most rapid in 2017 when imports increased by 159% against the previous year. Over the period under review, imports hit record highs at $X in 2021, and then declined markedly in the following year.

Imports by Country

The United Arab Emirates (X tons), China (X tons) and the United States (X tons) were the main suppliers of adhesive bandage imports to Kuwait, with a combined 55% share of total imports.

From 2012 to 2022, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by the United Arab Emirates (with a CAGR of +34.6%), while imports for the other leaders experienced more modest paces of growth.

In value terms, the United Arab Emirates ($X) constituted the largest supplier of adhesive bandages to Kuwait, comprising 34% of total imports. The second position in the ranking was taken by the United States ($X), with a 14% share of total imports. It was followed by China, with a 5.5% share.

From 2012 to 2022, the average annual growth rate of value from the United Arab Emirates totaled +50.5%. The remaining supplying countries recorded the following average annual rates of imports growth: the United States (+30.5% per year) and China (+5.2% per year).

Import Prices by Country

In 2022, the average adhesive bandage import price amounted to $X per ton, remaining constant against the previous year. In general, the import price enjoyed a resilient expansion. The pace of growth appeared the most rapid in 2021 when the average import price increased by 60% against the previous year. Over the period under review, average import prices hit record highs in 2022 and is expected to retain growth in the immediate term.

There were significant differences in the average prices amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was the UK ($X per ton), while the price for Turkey ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by the United Arab Emirates (+11.8%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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