Kuwait: Market for Building Blocks And Bricks Of Cement, Concrete Or Artificial Stone 2024

Market Size for Building Blocks And Bricks Of Cement, Concrete Or Artificial Stone in Kuwait

For the seventh consecutive year, the Kuwaiti market for building blocks and bricks of cement, concrete or artificial stone recorded growth in sales value, which increased by X% to $X in 2022. Over the period under review, consumption saw a prominent increase. As a result, consumption reached the peak level and is likely to continue growth in the immediate term.

Production of Building Blocks And Bricks Of Cement, Concrete Or Artificial Stone in Kuwait

In value terms, production of building blocks and bricks of cement, concrete or artificial stone expanded rapidly to $X in 2022 estimated in export price. In general, production, however, continues to indicate a deep reduction. The most prominent rate of growth was recorded in 2020 when the production volume increased by X% against the previous year. Production of peaked at $X in 2013; however, from 2014 to 2022, production stood at a somewhat lower figure.

Exports of Building Blocks And Bricks Of Cement, Concrete Or Artificial Stone

Exports from Kuwait

In 2022, the amount of building blocks and bricks of cement, concrete or artificial stone exported from Kuwait skyrocketed to X tons, surging by X% compared with the previous year's figure. Over the period under review, exports, however, saw a sharp decrease. The pace of growth appeared the most rapid in 2020 when exports increased by X%. The exports peaked at X tons in 2013; however, from 2014 to 2022, the exports failed to regain momentum.

In value terms, exports of building blocks and bricks of cement, concrete or artificial stone soared to $X in 2022. In general, exports, however, faced a sharp descent. The pace of growth appeared the most rapid in 2020 when exports increased by X% against the previous year. The exports peaked 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 exports of building blocks and bricks of cement, concrete or artificial stone from Kuwait, with a X% share of total exports. Moreover, exports of building blocks and bricks of cement, concrete or artificial stone to Saudi Arabia exceeded the volume sent to the second major destination, Qatar (X tons), eightfold. The third position in this ranking was taken by Jordan (X tons), with an X% share.

From 2013 to 2022, 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: Qatar (X% per year) and Jordan (X% per year).

In value terms, Saudi Arabia ($X) emerged as the key foreign market for building blocks and bricks of cement, concrete or artificial stone exports from Kuwait, comprising X% of total exports. The second position in the ranking was held by the United Arab Emirates ($X), with a X% share of total exports. It was followed by Jordan, with a X% share.

From 2013 to 2022, the average annual rate of growth in terms 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 Jordan (X% per year).

Export Prices by Country

The average export price for building blocks and bricks of cement, concrete or artificial stone stood at $X per ton in 2022, with an increase of X% against the previous year. Over the period under review, export price indicated a tangible increase from 2013 to 2022: its price increased at an average annual rate of X% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, export price for building blocks and bricks of cement, concrete or artificial stone increased by X% against 2018 indices. The most prominent rate of growth was recorded in 2021 an increase of X%. The export price peaked in 2022 and is expected to retain growth in years to come.

There were significant differences in the average prices for the major export markets. In 2022, amid the top suppliers, the country with the highest price was Saudi Arabia ($X per ton), while the average price for exports to Qatar ($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 Iraq (X%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Building Blocks And Bricks Of Cement, Concrete Or Artificial Stone

Imports into Kuwait

In 2022, purchases abroad of building blocks and bricks of cement, concrete or artificial stone was finally on the rise to reach X tons for the first time since 2018, thus ending a three-year declining trend. In general, imports showed a strong expansion. Over the period under review, imports of reached the peak figure at X tons in 2015; however, from 2016 to 2022, imports stood at a somewhat lower figure.

In value terms, imports of building blocks and bricks of cement, concrete or artificial stone skyrocketed to $X in 2022. Overall, imports showed a relatively flat trend pattern. Imports peaked at $X in 2015; however, from 2016 to 2022, imports remained at a lower figure.

Imports by Country

In 2022, Saudi Arabia (X tons) was the main supplier of building blocks and bricks of cement, concrete or artificial stone to Kuwait, accounting for a X% share of total imports. Moreover, imports of building blocks and bricks of cement, concrete or artificial stone from Saudi Arabia exceeded the figures recorded by the second-largest supplier, the United Arab Emirates (X tons), more than tenfold.

From 2013 to 2022, the average annual growth rate of volume from Saudi Arabia stood at X%.

In value terms, Saudi Arabia ($X) constituted the largest supplier of building blocks and bricks of cement, concrete or artificial stone to Kuwait, comprising X% of total imports. The second position in the ranking was held by the United Arab Emirates ($X), with an X% share of total imports.

From 2013 to 2022, the average annual growth rate of value from Saudi Arabia was relatively modest.

Import Prices by Country

The average import price for building blocks and bricks of cement, concrete or artificial stone stood at $X per ton in 2022, falling by X% against the previous year. Over the period under review, the import price recorded a perceptible decrease. The most prominent rate of growth was recorded in 2017 when the average import price increased by X%. As a result, import price reached the peak level of $X per ton. From 2018 to 2022, the average import prices remained at a somewhat 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 the United Arab Emirates ($X per ton), while the price for Saudi Arabia totaled $X per ton.

From 2013 to 2022, the most notable rate of growth in terms of prices was attained by the United Arab Emirates (X%).

Source: IndexBox Platform

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