Kuwait: Market for Builders' Joinery And Carpentry Of Wood (Excl. Windows, Doors, Posts and Beams, Assembled Flooring Panels) 2024

Market Size for Builders' Joinery And Carpentry Of Wood (Excl. Windows, Doors, Posts and Beams, Assembled Flooring Panels) in Kuwait

The Kuwaiti market for builders' joinery and carpentry of wood (excl. windows, doors, posts and beams, assembled flooring panels) fell slightly to $X in 2022, with a decrease of X% against the previous year. Over the period under review, consumption, however, saw a buoyant expansion. Consumption of peaked at $X in 2018; however, from 2019 to 2022, consumption stood at a somewhat lower figure.

Production of Builders' Joinery And Carpentry Of Wood (Excl. Windows, Doors, Posts and Beams, Assembled Flooring Panels) in Kuwait

In value terms, production of builders' joinery and carpentry of wood (excl. windows, doors, posts and beams, assembled flooring panels) declined slightly to $X in 2022 estimated in export price. Over the period under review, production, however, posted a resilient expansion. The most prominent rate of growth was recorded in 2018 when the production volume increased by X% against the previous year. As a result, production reached the peak level of $X. From 2019 to 2022, production of growth remained at a somewhat lower figure.

Exports of Builders' Joinery And Carpentry Of Wood (Excl. Windows, Doors, Posts and Beams, Assembled Flooring Panels)

Exports from Kuwait

In 2022, overseas shipments of builders' joinery and carpentry of wood (excl. windows, doors, posts and beams, assembled flooring panels) were finally on the rise to reach X tons for the first time since 2019, thus ending a two-year declining trend. Overall, exports posted resilient growth. The growth pace was the most rapid in 2019 with an increase of X%. The exports peaked in 2022 and are expected to retain growth in the immediate term.

In value terms, exports of builders' joinery and carpentry of wood (excl. windows, doors, posts and beams, assembled flooring panels) soared to $X in 2022. Over the period under review, exports saw buoyant growth. As a result, the exports reached the peak and are likely to continue growth in the immediate term.

Exports by Country

The United Arab Emirates (X tons) was the main destination for exports of builders' joinery and carpentry of wood (excl. windows, doors, posts and beams, assembled flooring panels) from Kuwait, accounting for a X% share of total exports. Moreover, exports of builders' joinery and carpentry of wood (excl. windows, doors, posts and beams, assembled flooring panels) to the United Arab Emirates exceeded the volume sent to the second major destination, Saudi Arabia (X tons), twofold.

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

In value terms, the United Arab Emirates ($X) emerged as the key foreign market for builders' joinery and carpentry of wood (excl. windows, doors, posts and beams, assembled flooring panels) exports from Kuwait, comprising X% of total exports. The second position in the ranking was held by Saudi Arabia ($X), with a X% share of total exports.

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

Export Prices by Country

The average export price for builders' joinery and carpentry of wood (excl. windows, doors, posts and beams, assembled flooring panels) stood at $X per ton in 2022, jumping by X% against the previous year. In general, the export price posted a resilient increase. The most prominent rate of growth was recorded in 2018 an increase of X%. The export price peaked in 2022 and is likely to see steady growth in the near future.

Average prices varied noticeably for the major export markets. In 2022, amid the top suppliers, the country with the highest price was the United Arab Emirates ($X per ton), while the average price for exports to Qatar ($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 the United Arab Emirates (X%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Builders' Joinery And Carpentry Of Wood (Excl. Windows, Doors, Posts and Beams, Assembled Flooring Panels)

Imports into Kuwait

Imports of builders' joinery and carpentry of wood (excl. windows, doors, posts and beams, assembled flooring panels) into Kuwait reduced rapidly to X tons in 2022, dropping by X% against the year before. Over the period under review, imports showed a abrupt descent. The pace of growth was the most pronounced in 2021 with an increase of X% against the previous year. Over the period under review, imports of attained the maximum at X tons in 2017; however, from 2018 to 2022, imports failed to regain momentum.

In value terms, imports of builders' joinery and carpentry of wood (excl. windows, doors, posts and beams, assembled flooring panels) shrank to $X in 2022. Overall, imports recorded a abrupt descent. The pace of growth appeared the most rapid in 2017 with an increase of X% against the previous year. As a result, imports attained the peak of $X. From 2018 to 2022, the growth of imports of remained at a somewhat lower figure.

Imports by Country

China (X tons), Germany (X tons) and Turkey (X tons) were the main suppliers of imports of builders' joinery and carpentry of wood (excl. windows, doors, posts and beams, assembled flooring panels) to Kuwait, together accounting for X% of total imports. The United Arab Emirates, Italy, Portugal, the Netherlands, the United States, Sweden, Japan and Vietnam lagged somewhat behind, together comprising a further X%.

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

In value terms, the largest wooden builders' joinery and carpentry (excl. windows, doors, posts and beams, assembled flooring panels) suppliers to Kuwait were China ($X), Germany ($X) and Italy ($X), together comprising X% of total imports. Turkey, the United Arab Emirates, Portugal, the Netherlands, the United States, Sweden, Japan and Vietnam lagged somewhat behind, together comprising a further X%.

Among the main suppliers, Japan, with a CAGR of X%, saw the highest rates of growth with regard to 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 import price for builders' joinery and carpentry of wood (excl. windows, doors, posts and beams, assembled flooring panels) stood at $X per ton in 2022, picking up by X% against the previous year. Over the period under review, the import price enjoyed moderate growth. The pace of growth was the most pronounced in 2017 when the average import price increased by X%. Over the period under review, average import prices reached the peak figure at $X per ton in 2020; however, from 2021 to 2022, import prices failed to regain momentum.

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 Italy ($X per ton), while the price for the United Arab Emirates ($X per ton) was amongst the lowest.

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

Source: IndexBox Platform