Kuwait: Metal Advertising Sign Market 2024

Metal Advertising Sign Market Size in Kuwait

The Kuwaiti metal advertising sign market contracted significantly to $X in 2020, which is down by X% against the previous year. This figure reflects the total revenues of producers and importers (excluding logistics costs, retail marketing costs, and retailers' margins, which will be included in the final consumer price). In general, consumption recorded a slight contraction. Metal advertising sign consumption peaked at $X in 2013; however, from 2014 to 2020, consumption remained at a lower figure.

Metal Advertising Sign Exports

Exports from Kuwait

Metal advertising sign exports from Kuwait reduced to X kg in 2020, with a decrease of X% compared with 2019. In general, exports saw a sharp downturn. The most prominent rate of growth was recorded in 2016 with an increase of X% against the previous year. As a result, the exports reached the peak of X tons. From 2017 to 2020, the growth of the exports failed to regain momentum.

In value terms, metal advertising sign exports declined to $X in 2020. Over the period under review, exports continue to indicate a significant curtailment. The most prominent rate of growth was recorded in 2016 with an increase of X% against the previous year. As a result, the exports attained the peak of $X. From 2017 to 2020, the growth of the exports failed to regain momentum.

Exports by Country

Saudi Arabia (X kg) was the main destination for metal advertising sign exports from Kuwait, with a X% share of total exports. Moreover, metal advertising sign exports to Saudi Arabia exceeded the volume sent to the second major destination, Iraq (X kg), sevenfold. The third position in this ranking was taken by Qatar (X kg), with a X% share.

From 2012 to 2020, the average annual rate of growth in terms of volume to Saudi Arabia stood at X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Iraq (X% per year) and Qatar (X% per year).

In value terms, Jordan ($X) emerged as the key foreign market for metal advertising signs exports from Kuwait, comprising X% of total exports. The second position in the ranking was taken by Bahrain ($X), with a X% share of total exports. It was followed by Saudi Arabia, with an X% share.

From 2012 to 2020, the average annual growth rate of value to Jordan totaled X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Bahrain (X% per year) and Saudi Arabia (X% per year).

Export Prices by Country

In 2020, the average metal advertising sign export price amounted to $X per ton, increasing by X% against the previous year. Overall, the export price showed a slight expansion. The pace of growth appeared the most rapid in 2019 an increase of X% against the previous year. The export price peaked in 2020 and is expected to retain growth in the near future.

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

From 2012 to 2020, the most notable rate of growth in terms of prices was recorded for supplies to Jordan (X%), while the prices for the other major destinations experienced more modest paces of growth.

Metal Advertising Sign Imports

Imports into Kuwait

Metal advertising sign imports into Kuwait contracted significantly to X tons in 2020, falling by X% against the year before. Over the period under review, imports recorded a perceptible setback. The growth pace was the most rapid in 2018 when imports increased by X%. Over the period under review, imports reached the peak figure at X tons in 2013; however, from 2014 to 2020, imports stood at a somewhat lower figure.

In value terms, metal advertising sign imports dropped remarkably to $X in 2020. In general, imports recorded a mild downturn. The pace of growth appeared the most rapid in 2018 when imports increased by X% against the previous year. Imports peaked at $X in 2013; however, from 2014 to 2020, imports stood at a somewhat lower figure.

Imports by Country

In 2020, China (X tons) constituted the largest metal advertising sign supplier to Kuwait, with a X% share of total imports. Moreover, metal advertising sign imports from China exceeded the figures recorded by the second-largest supplier, India (X tons), twofold. Turkey (X tons) ranked third in terms of total imports with a X% share.

From 2012 to 2020, the average annual growth rate of volume from China amounted to X%. The remaining supplying countries recorded the following average annual rates of imports growth: India (X% per year) and Turkey (X% per year).

In value terms, China ($X), Denmark ($X) and the United Arab Emirates ($X) constituted the largest metal advertising sign suppliers to Kuwait, together comprising X% of total imports. Turkey, India, the United States, Romania, Lebanon, Taiwan (Chinese), South Korea, Italy, the UK and Saudi Arabia lagged somewhat behind, together accounting for a further X%.

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

Import Prices by Country

The average metal advertising sign import price stood at $X per ton in 2020, picking up by X% against the previous year. Over the last eight-year period, it increased at an average annual rate of X%. The most prominent rate of growth was recorded in 2015 an increase of X%. As a result, import price reached the peak level of $X per ton. From 2016 to 2020, 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 the United States ($X per ton), while the price for South Korea ($X per ton) was amongst the lowest.

From 2012 to 2020, the most notable rate of growth in terms of prices was attained by Lebanon (X%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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