Kuwait: Market for Articles Of Asbestos-Cement, Cellulose Fiber-Cement Or The Like 2024

Market Size for Articles Of Asbestos-Cement, Cellulose Fiber-Cement Or The Like in Kuwait

The Kuwaiti articles of fiber cement market totaled $X in 2022, picking up by X% against the previous year. The market value increased at an average annual rate of X% from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. As a result, consumption reached the peak level of $X. From 2019 to 2022, the growth of the market remained at a somewhat lower figure.

Production of Articles Of Asbestos-Cement, Cellulose Fiber-Cement Or The Like in Kuwait

In value terms, articles of fiber cement production soared to $X in 2022 estimated in export price. Over the period under review, production showed a significant expansion. The growth pace was the most rapid in 2016 with an increase of X% against the previous year. As a result, production attained the peak level of $X. From 2017 to 2022, production growth remained at a somewhat lower figure.

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Exports of Articles Of Asbestos-Cement, Cellulose Fiber-Cement Or The Like

Exports from Kuwait

In 2022, the amount of articles of asbestos-cement, cellulose fiber-cement or the like exported from Kuwait dropped notably to X tons, which is down by X% compared with 2021 figures. Over the period under review, exports showed a deep setback. The pace of growth was the most pronounced in 2019 when exports increased by X%. The exports peaked at X tons in 2017; however, from 2018 to 2022, the exports stood at a somewhat lower figure.

In value terms, articles of fiber cement exports shrank remarkably to $X in 2022. Overall, exports showed a abrupt descent. The pace of growth appeared the most rapid in 2019 when exports increased by X% against the previous year. Over the period under review, the exports hit record highs at $X in 2013; however, from 2014 to 2022, the exports failed to regain momentum.

Exports by Country

Saudi Arabia (X tons) was the main destination for articles of fiber cement exports from Kuwait, with a X% share of total exports. It was followed by the United Arab Emirates (X tons), with a X% share of total exports.

From 2013 to 2022, the average annual rate of growth in terms of volume to Saudi Arabia amounted to X%. Exports to the other major destinations recorded the following average annual rates of exports growth: the United Arab Emirates (X% per year) and Qatar (X% per year).

In value terms, Saudi Arabia ($X) remains the key foreign market for articles of asbestos-cement, cellulose fiber-cement or the like exports from Kuwait, comprising X% of total exports. The second position in the ranking was taken by the United Arab Emirates ($X), with a X% share of total exports.

From 2013 to 2022, the average annual growth rate of value to Saudi Arabia amounted to X%. Exports to the other major destinations recorded the following average annual rates of exports growth: the United Arab Emirates (X% per year) and Qatar (X% per year).

Export Prices by Country

In 2022, the average articles of fiber cement export price amounted to $X per ton, reducing by X% against the previous year. Overall, the export price recorded a deep contraction. The pace of growth was the most pronounced in 2018 when the average export price increased by X% against the previous year. The export price peaked at $X per ton in 2016; however, from 2017 to 2022, the export prices failed to regain momentum.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Qatar ($X per ton), while the average price for exports to Saudi Arabia ($X per ton) was amongst the lowest.

From 2013 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Oman (X.1%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Articles Of Asbestos-Cement, Cellulose Fiber-Cement Or The Like

Imports into Kuwait

In 2022, overseas purchases of articles of asbestos-cement, cellulose fiber-cement or the like increased by X% to X tons, rising for the second year in a row after two years of decline. In general, imports posted a significant increase. The growth pace was the most rapid in 2017 with an increase of X%. Imports peaked at X tons in 2018; however, from 2019 to 2022, imports stood at a somewhat lower figure.

In value terms, articles of fiber cement imports skyrocketed to $X in 2022. Overall, imports recorded strong growth. The pace of growth appeared the most rapid in 2017 when imports increased by X%. Over the period under review, imports reached the peak figure at $X in 2018; however, from 2019 to 2022, imports failed to regain momentum.

Imports by Country

In 2022, India (X tons) constituted the largest articles of fiber cement supplier to Kuwait, with a X% share of total imports. Moreover, articles of fiber cement imports from India exceeded the figures recorded by the second-largest supplier, Saudi Arabia (X tons), twofold. China (X tons) ranked third in terms of total imports with a X% share.

From 2013 to 2022, the average annual growth rate of volume from India stood at X%. The remaining supplying countries recorded the following average annual rates of imports growth: Saudi Arabia (X% per year) and China (X% per year).

In value terms, Saudi Arabia ($X), India ($X) and China ($X) constituted the largest articles of fiber cement suppliers to Kuwait, with a combined X% share of total imports. The United Arab Emirates, Thailand and Qatar lagged somewhat behind, together accounting for a further X%.

Qatar, with a CAGR of X%, recorded the highest growth rate of the value of imports, among the main suppliers over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

In 2022, the average articles of fiber cement import price amounted to $X per ton, dropping by X% against the previous year. Overall, the import price recorded a perceptible downturn. The growth pace was the most rapid in 2021 an increase of X%. The import price peaked at $X per ton in 2013; however, from 2014 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 the United Arab Emirates ($X per ton), while the price for India ($X per ton) was amongst the lowest.

From 2013 to 2022, the most notable rate of growth in terms of prices was attained by Thailand (X%), while the prices for the other major suppliers experienced mixed trend patterns.

Source: IndexBox Platform

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