Kuwait: Waterproof Footwear Market 2024

Waterproof Footwear Market Size in Kuwait

In 2022, after two years of growth, there was decline in the Kuwaiti waterproof footwear market, when its value decreased by X% to $X. Over the period under review, consumption recorded a relatively flat trend pattern. As a result, consumption reached the peak level of $X. From 2017 to 2022, the growth of the market failed to regain momentum.

Waterproof Footwear Production in Kuwait

In value terms, waterproof footwear production totaled $X in 2022 estimated in export price. Overall, production, however, saw a noticeable downturn. The most prominent rate of growth was recorded in 2018 when the production volume increased by X% against the previous year. Waterproof footwear production peaked at $X in 2012; however, from 2013 to 2022, production failed to regain momentum.

Waterproof Footwear Exports

Exports from Kuwait

In 2022, overseas shipments of waterproof footwear increased by X% to X pairs for the first time since 2019, thus ending a two-year declining trend. Over the period under review, exports enjoyed significant growth. The most prominent rate of growth was recorded in 2019 with an increase of X% against the previous year. The exports peaked at X pairs in 2015; however, from 2016 to 2022, the exports stood at a somewhat lower figure.

In value terms, waterproof footwear exports surged to $X in 2022. In general, exports saw significant growth. The most prominent rate of growth was recorded in 2019 with an increase of X% against the previous year. Over the period under review, the exports hit record highs at $X in 2015; however, from 2016 to 2022, the exports failed to regain momentum.

Exports by Country

The United Arab Emirates (X pairs) was the main destination for waterproof footwear exports from Kuwait, with a X% share of total exports. Moreover, waterproof footwear exports to the United Arab Emirates exceeded the volume sent to the second major destination, Italy (X pairs), threefold.

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 ($X) emerged as the key foreign market for waterproof footwear exports from Kuwait, comprising X% of total exports. The second position in the ranking was taken by Italy ($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 amounted to X%.

Export Prices by Country

The average waterproof footwear export price stood at $X per pair in 2022, growing by X% against the previous year. Overall, the export price continues to indicate prominent growth. The pace of growth appeared the most rapid in 2017 an increase of X%. As a result, the export price attained the peak level of $X per pair. From 2018 to 2022, the average export prices failed to regain momentum.

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 pair), while the average price for exports to Italy stood at $X per pair.

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 a decline.

Waterproof Footwear Imports

Imports into Kuwait

In 2022, supplies from abroad of waterproof footwear increased by X% to X pairs, rising for the third consecutive year after two years of decline. Over the period under review, imports showed a relatively flat trend pattern. The most prominent rate of growth was recorded in 2017 with an increase of X%. As a result, imports reached the peak of X pairs. From 2018 to 2022, the growth of imports remained at a lower figure.

In value terms, waterproof footwear imports contracted sharply to $X in 2022. In general, imports, however, showed a noticeable shrinkage. The most prominent rate of growth was recorded in 2017 when imports increased by X%. Over the period under review, imports attained the maximum at $X in 2015; however, from 2016 to 2022, imports stood at a somewhat lower figure.

Imports by Country

In 2022, China (X pairs) constituted the largest waterproof footwear supplier to Kuwait, with a X% share of total imports. Moreover, waterproof footwear imports from China exceeded the figures recorded by the second-largest supplier, Italy (X pairs), threefold. India (X pairs) ranked third in terms of total imports with a X% share.

From 2013 to 2022, the average annual rate of growth in terms of volume from China was relatively modest. The remaining supplying countries recorded the following average annual rates of imports growth: Italy (X% per year) and India (X% per year).

In value terms, China ($X) constituted the largest supplier of waterproof footwear to Kuwait, comprising X% of total imports. The second position in the ranking was held by Italy ($X), with a X% share of total imports. It was followed by India, with a X% share.

From 2013 to 2022, the average annual growth rate of value from China amounted to X%. The remaining supplying countries recorded the following average annual rates of imports growth: Italy (X% per year) and India (X% per year).

Import Prices by Country

The average waterproof footwear import price stood at $X per pair in 2022, reducing by X% against the previous year. Overall, the import price recorded a perceptible reduction. The pace of growth appeared the most rapid in 2018 when the average import price increased by X% against the previous year. Over the period under review, average import prices reached the peak figure at $X per pair in 2013; however, from 2014 to 2022, import prices stood 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 Turkey ($X per pair), while the price for Iran ($X per pair) was amongst the lowest.

From 2013 to 2022, the most notable rate of growth in terms of prices was attained by China (X%), while the prices for the other major suppliers experienced mixed trend patterns.

Source: IndexBox Platform

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