Kuwait: Market for Granules, Chippings And Powder Of Marble 2023

Market Size for Granules, Chippings And Powder Of Marble in Kuwait

In 2021, the Kuwaiti marble granules and powder market decreased by -11.5% to $X, falling for the second year in a row after two years of growth. Overall, consumption recorded a abrupt descent. Over the period under review, the market reached the maximum level at $X in 2012; however, from 2013 to 2021, consumption failed to regain momentum.

Exports of Granules, Chippings And Powder Of Marble

Exports from Kuwait

Marble granules and powder exports from Kuwait soared to X tons in 2021, growing by 431% against the previous year. Over the period under review, exports enjoyed significant growth. The growth pace was the most rapid in 2014 when exports increased by 544%. Over the period under review, the exports attained the peak figure at X tons in 2019; however, from 2020 to 2021, the exports stood at a somewhat lower figure.

In value terms, marble granules and powder exports soared to $X in 2021. Overall, exports showed strong growth. The most prominent rate of growth was recorded in 2018 when exports increased by 374%. The exports peaked at $X in 2019; however, from 2020 to 2021, the exports stood at a somewhat lower figure.

Exports by Country

Qatar (X tons) was the main destination for marble granules and powder exports from Kuwait, accounting for a 56% share of total exports. Moreover, marble granules and powder exports to Qatar exceeded the volume sent to the second major destination, Saudi Arabia (X tons), twofold. Oman (X tons) ranked third in terms of total exports with a 9.7% share.

From 2012 to 2021, the average annual rate of growth in terms of volume to Qatar stood at +23.1%. Exports to the other major destinations recorded the following average annual rates of exports growth: Saudi Arabia (+40.0% per year) and Oman (+16.2% per year).

In value terms, Qatar ($X) remains the key foreign market for granules, chippings and powder of marble exports from Kuwait, comprising 53% of total exports. The second position in the ranking was held by Saudi Arabia ($X), with an 18% share of total exports. It was followed by Oman, with a 17% share.

From 2012 to 2021, the average annual growth rate of value to Qatar amounted to +17.2%. Exports to the other major destinations recorded the following average annual rates of exports growth: Saudi Arabia (+15.6% per year) and Oman (+6.2% per year).

Export Prices by Country

In 2021, the average marble granules and powder export price amounted to $X per ton, which is down by -28.1% against the previous year. Overall, the export price saw a abrupt slump. The pace of growth appeared the most rapid in 2015 when the average export price increased by 21% against the previous year. The export price peaked at $X per ton in 2013; however, from 2014 to 2021, the export prices remained at a lower figure.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Oman ($X per ton), while the average price for exports to Saudi Arabia ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was recorded for supplies to Qatar (-4.8%), while the prices for the other major destinations experienced a decline.

Imports of Granules, Chippings And Powder Of Marble

Imports into Kuwait

In 2021, supplies from abroad of granules, chippings and powder of marble decreased by -5.4% to X tons, falling for the second consecutive year after two years of growth. Over the period under review, imports continue to indicate a drastic downturn. The pace of growth appeared the most rapid in 2018 when imports increased by 186% against the previous year. Imports peaked at X tons in 2012; however, from 2013 to 2021, imports remained at a lower figure.

In value terms, marble granules and powder imports declined notably to $X in 2021. Overall, imports faced a abrupt decrease. The pace of growth appeared the most rapid in 2018 when imports increased by 207%. Over the period under review, imports reached the maximum at $X in 2012; however, from 2013 to 2021, imports remained at a lower figure.

Imports by Country

In 2021, Saudi Arabia (X tons) constituted the largest marble granules and powder supplier to Kuwait, with a 76% share of total imports. Moreover, marble granules and powder imports from Saudi Arabia exceeded the figures recorded by the second-largest supplier, Iran (X tons), threefold.

From 2012 to 2021, the average annual growth rate of volume from Saudi Arabia stood at -11.4%.

In value terms, Saudi Arabia ($X) constituted the largest supplier of granules, chippings and powder of marble to Kuwait, comprising 90% of total imports. The second position in the ranking was taken by Iran ($X), with a 7.1% share of total imports.

From 2012 to 2021, the average annual growth rate of value from Saudi Arabia totaled -15.1%.

Import Prices by Country

The average marble granules and powder import price stood at $X per ton in 2021, declining by -10.7% against the previous year. In general, the import price saw a relatively flat trend pattern. The growth pace was the most rapid in 2017 an increase of 18% against the previous year. Over the period under review, average import prices reached the peak figure at $X per ton in 2018; however, from 2019 to 2021, import prices remained at a lower figure.

There were significant differences in the average prices amongst the major supplying countries. In 2021, amid the top importers, the country with the highest price was Saudi Arabia ($X per ton), while the price for Iran stood at $X per ton.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Saudi Arabia (-4.3%).

Source: IndexBox Market Intelligence Platform

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