Kuwait: Wood Barrel Market 2024

Wood Barrel Market Size in Kuwait

The Kuwaiti wood barrel market amounted to less than $X in 2022, almost unchanged from the previous year. Overall, consumption recorded a noticeable increase. Over the period under review, the market reached the peak level at $X in 2015; however, from 2016 to 2022, consumption stood at a somewhat lower figure.

Wood Barrel Production in Kuwait

In value terms, wood barrel production reduced slightly to $X in 2022 estimated in export price. Over the period under review, production, however, posted a moderate expansion. The pace of growth appeared the most rapid in 2018 when the production volume increased by X% against the previous year. Wood barrel production peaked at $X in 2019; afterwards, it flattened through to 2022.

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Wood Barrel Exports

Exports from Kuwait

In 2016, shipments abroad of casks, barrels, vats, tubs, and coopers products of wood decreased by X% to X units, falling for the second consecutive year after two years of growth. Overall, exports showed a precipitous descent. The most prominent rate of growth was recorded in 2014 when exports increased by X%. As a result, the exports attained the peak of X units. From 2015 to 2016, the growth of the exports failed to regain momentum.

In value terms, wood barrel exports contracted remarkably to $X in 2016. Over the period under review, exports faced a sharp descent. The pace of growth was the most pronounced in 2014 with an increase of X%. As a result, the exports attained the peak of $X. From 2015 to 2016, the growth of the exports remained at a somewhat lower figure.

Exports by Country

Qatar (X units), Saudi Arabia (X units) and the United Arab Emirates (X units) were the main destinations of wood barrel exports from Kuwait. Moreover, wood barrel exports in Qatar exceeded the figures recorded by the second-largest exporter, Saudi Arabia, twofold.

From 2013 to 2016, the biggest increases were recorded for Qatar (with a CAGR of X%), while shipments for the other leaders experienced a decline.

In value terms, Qatar ($X) remains the key foreign market for casks, barrels, vats, tubs, and coopers products of wood exports from Kuwait, comprising X% of total exports. The second position in the ranking was taken by Saudi Arabia ($X), with an X% share of total exports.

From 2013 to 2016, the average annual growth rate of value to Qatar totaled X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Saudi Arabia (X% per year) and the United Arab Emirates (X% per year).

Export Prices by Country

In 2016, the average wood barrel export price amounted to $X per unit, waning by X% against the previous year. In general, the export price, however, enjoyed prominent growth. The pace of growth appeared the most rapid in 2014 when the average export price increased by X% against the previous year. The export price peaked at $X per unit in 2015, and then dropped dramatically in the following year.

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

From 2013 to 2016, the most notable rate of growth in terms of prices was recorded for supplies to Qatar (X%), while the prices for the other major destinations experienced a decline.

Wood Barrel Imports

Imports into Kuwait

In 2022, the amount of casks, barrels, vats, tubs, and coopers products of wood imported into Kuwait surged to X units, rising by X% on the year before. Over the period under review, imports posted a remarkable increase. As a result, imports reached the peak and are likely to continue growth in the immediate term.

In value terms, wood barrel imports skyrocketed to $X in 2022. Overall, imports posted a buoyant expansion. As a result, imports attained the peak and are likely to continue growth in the immediate term.

Imports by Country

In 2022, Saudi Arabia (X units) was the main supplier of wood barrel to Kuwait, accounting for a X% share of total imports. Moreover, wood barrel imports from Saudi Arabia exceeded the figures recorded by the second-largest supplier, Sweden (X units), more than tenfold.

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

In value terms, Saudi Arabia ($X) constituted the largest supplier of casks, barrels, vats, tubs, and coopers products of wood to Kuwait, comprising X% of total imports. The second position in the ranking was held by Sweden ($X), with a X% share of total imports.

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

Import Prices by Country

The average wood barrel import price stood at $X per unit in 2022, with a decrease of X% against the previous year. Overall, the import price recorded a perceptible contraction. The pace of growth was the most pronounced in 2015 when the average import price increased by X% against the previous year. As a result, import price attained the peak level of $X per unit. From 2016 to 2022, the average import prices remained at a lower figure.

Average prices varied noticeably amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was China ($X per unit), while the price for Saudi Arabia ($X per unit) was amongst the lowest.

From 2013 to 2022, the most notable rate of growth in terms of prices was attained by Saudi Arabia (X%), while the prices for the other major suppliers experienced a decline.

Source: IndexBox Platform

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