Kuwait: Market for Floor, Wall Or Ceiling Coverings Of Plastics 2024

Market Size for Floor, Wall Or Ceiling Coverings Of Plastics in Kuwait

The Kuwaiti market for floor, wall or ceiling coverings of plastics contracted slightly to $X in 2022, with a decrease of 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, the total consumption indicated a resilient increase from 2012 to 2022: its value increased at an average annual rate of X% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, consumption increased by X% against 2020 indices. Over the period under review, the market hit record highs at $X in 2016; however, from 2017 to 2022, consumption remained at a lower figure.

Exports of Floor, Wall Or Ceiling Coverings Of Plastics

Exports from Kuwait

In 2022, shipments abroad of floor, wall or ceiling coverings of plastics increased by X% to X square meters for the first time since 2019, thus ending a two-year declining trend. In general, exports, however, continue to indicate a abrupt setback. The growth pace was the most rapid in 2019 when exports increased by X% against the previous year. As a result, the exports attained the peak of X square meters. From 2020 to 2022, the growth of the exports of failed to regain momentum.

In value terms, exports of floor, wall or ceiling coverings of plastics skyrocketed to $X in 2022. Over the period under review, exports, however, recorded a perceptible decline. The most prominent rate of growth was recorded in 2019 with an increase of X% against the previous year. The exports peaked at $X in 2014; however, from 2015 to 2022, the exports failed to regain momentum.

Exports by Country

Saudi Arabia (X square meters) was the main destination for exports of floor, wall or ceiling coverings of plastics from Kuwait, accounting for a X% share of total exports. Moreover, exports of floor, wall or ceiling coverings of plastics to Saudi Arabia exceeded the volume sent to the second major destination, the United Arab Emirates (X square meters), threefold. Bahrain (X square meters) ranked third in terms of total exports with a X% share.

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

In value terms, Saudi Arabia ($X) emerged as the key foreign market for floor, wall or ceiling coverings of plastics exports from Kuwait, comprising X% of total exports. The second position in the ranking was taken by the United Arab Emirates ($X), with a X% share of total exports. It was followed by Bahrain, with a X% share.

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

Export Prices by Country

The average export price for floor, wall or ceiling coverings of plastics stood at $X per square meter in 2022, growing by X% against the previous year. Over the period under review, the export price continues to indicate a strong increase. The growth pace was the most rapid in 2018 an increase of X% against the previous year. As a result, the export price reached the peak level of $X per square meter. From 2019 to 2022, the average export prices failed to regain momentum.

There were significant differences in the average prices for the major external markets. In 2022, amid the top suppliers, the country with the highest price was Saudi Arabia ($X per square meter), while the average price for exports to Iraq ($X per square meter) was amongst the lowest.

From 2013 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to India (X%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Floor, Wall Or Ceiling Coverings Of Plastics

Imports into Kuwait

In 2022, approx. X square meters of floor, wall or ceiling coverings of plastics were imported into Kuwait; waning by X% compared with 2021. In general, total imports indicated a pronounced expansion from 2013 to 2022: its volume increased at an average annual rate of X% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by X% against 2020 indices. The pace of growth appeared the most rapid in 2021 with an increase of X%. As a result, imports reached the peak of X square meters, and then dropped in the following year.

In value terms, imports of floor, wall or ceiling coverings of plastics contracted modestly to $X in 2022. Over the period under review, total imports indicated measured growth from 2013 to 2022: its value increased at an average annual rate of X% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by X% against 2020 indices. The growth pace was the most rapid in 2015 when imports increased by X%. Over the period under review, imports of reached the peak figure at $X in 2021, and then shrank modestly in the following year.

Imports by Country

China (X square meters), Sweden (X square meters) and Belgium (X square meters) were the main suppliers of imports of floor, wall or ceiling coverings of plastics to Kuwait, with a combined X% share of total imports. France, Saudi Arabia, Ireland, Hungary, Slovenia, the United States, South Korea and Germany lagged somewhat behind, together accounting for a further X%.

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

In value terms, China ($X), Sweden ($X) and Belgium ($X) appeared to be the largest plastic floor, wall and ceiling coverings suppliers to Kuwait, with a combined X% share of total imports. France, Saudi Arabia, Ireland, Hungary, Slovenia, the United States, South Korea and Germany lagged somewhat behind, together comprising a further X%.

Among the main suppliers, Ireland, 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 floor, wall or ceiling coverings of plastics stood at $X per square meter in 2022, rising by X% against the previous year. In general, the import price recorded a relatively flat trend pattern. As a result, import price reached the peak level and is likely to continue growth in the immediate term.

Average prices varied noticeably amongst the major supplying countries. In 2022, amid the top importers, the highest price was recorded for prices from South Korea ($X per square meter) and the United States ($X per square meter), while the price for Hungary ($X per square meter) and Belgium ($X per square meter) were 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 more modest paces of growth.

Source: IndexBox Platform

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