Kuwait: Market for Boards, Sheets, Panels, or Tiles of Gypsum or Plaster 2024

Market Size for Boards, Sheets, Panels, or Tiles of Gypsum or Plaster in Kuwait

The Kuwaiti market for boards, sheets, panels, or tiles of gypsum or plaster skyrocketed to $X in 2022, jumping by X% against the previous year. In general, consumption, however, saw a strong increase. Over the period under review, the market hit record highs at $X in 2020; however, from 2021 to 2022, consumption failed to regain momentum.

Production of Boards, Sheets, Panels, or Tiles of Gypsum or Plaster in Kuwait

In value terms, production of boards, sheets, panels, or tiles of gypsum or plaster fell to $X in 2022 estimated in export price. Over the period under review, production recorded a noticeable setback. The pace of growth appeared the most rapid in 2019 with an increase of X%. Over the period under review, production of reached the peak level at $X in 2013; however, from 2014 to 2022, production failed to regain momentum.

Exports of Boards, Sheets, Panels, or Tiles of Gypsum or Plaster

Exports from Kuwait

In 2022, overseas shipments of boards, sheets, panels, or tiles of gypsum or plaster decreased by X% to X square meters, falling for the second consecutive year after two years of growth. In general, exports saw a dramatic decline. The pace of growth was the most pronounced in 2014 with an increase of X%. As a result, the exports reached the peak of X square meters. From 2015 to 2022, the growth of the exports of remained at a lower figure.

In value terms, exports of boards, sheets, panels, or tiles of gypsum or plaster declined rapidly to $X in 2022. Over the period under review, exports showed a precipitous descent. The most prominent rate of growth was recorded in 2014 with an increase of X%. Over the period under review, the exports of attained the peak figure at $X in 2016; however, from 2017 to 2022, the exports remained at a lower figure.

Exports by Country

The United Arab Emirates (X square meters) was the main destination for exports of boards, sheets, panels, or tiles of gypsum or plaster from Kuwait, accounting for a approx. X% share of total exports.

From 2013 to 2022, the average annual growth rate of volume to the United Arab Emirates stood at X%.

In value terms, the United Arab Emirates ($X) emerged as the key foreign market for boards, sheets, panels, or tiles of gypsum or plaster exports from Kuwait.

From 2013 to 2022, the average annual growth rate of value to the United Arab Emirates totaled X%.

Export Prices by Country

In 2022, the average export price for boards, sheets, panels, or tiles of gypsum or plaster amounted to $X per square meter, increasing by X% against the previous year. Overall, the export price saw a significant increase. As a result, the export price attained the peak level and is likely to continue growth in the immediate term.

As there is only one major export destination, the average price level is determined by prices for the United Arab Emirates.

From 2013 to 2022, the rate of growth in terms of prices for the United Arab Emirates amounted to X% per year.

Imports of Boards, Sheets, Panels, or Tiles of Gypsum or Plaster

Imports into Kuwait

In 2022, the amount of boards, sheets, panels, or tiles of gypsum or plaster imported into Kuwait contracted significantly to X square meters, falling by X% on 2021 figures. Overall, imports saw a abrupt decline. The pace of growth appeared the most rapid in 2015 when imports increased by X% against the previous year. Over the period under review, imports of reached the maximum at X square meters in 2016; however, from 2017 to 2022, imports failed to regain momentum.

In value terms, imports of boards, sheets, panels, or tiles of gypsum or plaster declined markedly to $X in 2022. Over the period under review, imports continue to indicate a abrupt downturn. The pace of growth appeared the most rapid in 2015 with an increase of X% against the previous year. Over the period under review, imports of attained the maximum at $X in 2016; however, from 2017 to 2022, imports remained at a lower figure.

Imports by Country

The United Arab Emirates (X square meters), Saudi Arabia (X square meters) and Germany (X square meters) were the main suppliers of imports of boards, sheets, panels, or tiles of gypsum or plaster to Kuwait, with a combined X% share of total imports.

From 2013 to 2022, the biggest increases were recorded for the United Arab Emirates (with a CAGR of X%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, the largest board, sheet, panel, tile and similar article of plaster suppliers to Kuwait were the United Arab Emirates ($X), Germany ($X) and Saudi Arabia ($X), together accounting for X% of total imports.

The United Arab Emirates, with a CAGR of X%, saw 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

The average import price for boards, sheets, panels, or tiles of gypsum or plaster stood at $X per square meter in 2022, picking up by X% against the previous year. In general, the import price, however, saw a mild contraction. The pace of growth appeared the most rapid in 2017 an increase of X% against the previous year. The import price peaked at $X per square meter in 2014; however, from 2015 to 2022, import prices remained at a lower figure.

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 Denmark ($X per square meter), while the price for Bulgaria ($X per square meter) was amongst the lowest.

From 2013 to 2022, the most notable rate of growth in terms of prices was attained by Bulgaria (X%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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