Kuwait: Jersey Market 2024

Jersey Market Size in Kuwait

The Kuwaiti jersey market surged to $X in 2022, with an increase of X% against the previous year. Over the period under review, consumption, however, recorded a buoyant increase. As a result, consumption attained the peak level of $X. From 2019 to 2022, the growth of the market remained at a lower figure.

Jersey Production in Kuwait

In value terms, jersey production amounted to $X in 2022 estimated in export price. Over the period under review, production, however, showed a significant increase. The pace of growth appeared the most rapid in 2018 when the production volume increased by X%. As a result, production reached the peak level of $X. From 2019 to 2022, production growth remained at a somewhat lower figure.

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Jersey Exports

Exports from Kuwait

In 2022, the amount of jerseys, pullovers, cardigans and similar articles exported from Kuwait surged to X units, picking up by X% against 2021. In general, exports saw significant growth. The pace of growth was the most pronounced in 2015 when exports increased by X%. The exports peaked in 2022 and are likely to continue growth in the immediate term.

In value terms, jersey exports soared to $X in 2022. Over the period under review, exports enjoyed a strong expansion. The pace of growth was the most pronounced in 2021 with an increase of X% against the previous year. The exports peaked in 2022 and are expected to retain growth in the near future.

Exports by Country

Saudi Arabia (X units) was the main destination for jersey exports from Kuwait, with a X% share of total exports. Moreover, jersey exports to Saudi Arabia exceeded the volume sent to the second major destination, the United Arab Emirates (X units), fourfold. Bahrain (X units) 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 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).

In value terms, Saudi Arabia ($X) remains the key foreign market for jerseys, pullovers, cardigans and similar articles exports from Kuwait, comprising X% of total exports. The second position in the ranking was held by Italy ($X), with a X% share of total exports. It was followed by the United Arab Emirates, with an X% share.

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

Export Prices by Country

In 2022, the average jersey export price amounted to $X per unit, increasing by X% against the previous year. Overall, the export price, however, continues to indicate a slight decrease. The most prominent rate of growth was recorded in 2018 an increase of X%. As a result, the export price attained the peak level of $X per unit. From 2019 to 2022, the average export prices failed to regain momentum.

There were significant differences in the average prices for the major foreign markets. In 2022, amid the top suppliers, the country with the highest price was Italy ($X per unit), while the average price for exports to Bahrain ($X per unit) was amongst the lowest.

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

Jersey Imports

Imports into Kuwait

In 2022, supplies from abroad of jerseys, pullovers, cardigans and similar articles decreased by X% to X units for the first time since 2016, thus ending a five-year rising trend. In general, total imports indicated a resilient increase from 2013 to 2022: its volume 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, imports increased by X% against 2016 indices. The pace of growth was the most pronounced in 2014 with an increase of X% against the previous year. Over the period under review, imports attained the peak figure at X units in 2021, and then reduced modestly in the following year.

In value terms, jersey imports expanded modestly to $X in 2022. Over the period under review, total imports indicated a buoyant expansion 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 pace of growth appeared the most rapid in 2021 with an increase of X%. Imports peaked in 2022 and are expected to retain growth in the near future.

Imports by Country

China (X units), Bangladesh (X units) and Turkey (X units) were the main suppliers of jersey imports to Kuwait, with a combined X% share of total imports. India, Vietnam, Cambodia, Italy, Portugal, Pakistan, Indonesia and the United Arab Emirates lagged somewhat behind, together comprising a further X%.

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

In value terms, the largest jersey suppliers to Kuwait were China ($X), Bangladesh ($X) and Turkey ($X), with a combined X% share of total imports. Italy, India, Vietnam, Cambodia, Portugal, Pakistan, Indonesia and the United Arab Emirates lagged somewhat behind, together accounting for a further X%.

Pakistan, with a CAGR of X%, saw the highest rates of growth with regard to the value of imports, among the main suppliers over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

The average jersey import price stood at $X per unit in 2022, with an increase of X% against the previous year. Overall, the import price recorded a relatively flat trend pattern. The growth pace was the most rapid in 2021 when the average import price increased by X% against the previous year. The import price peaked at $X per unit in 2018; however, from 2019 to 2022, import prices remained at a 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 Italy ($X per unit), while the price for Cambodia ($X per unit) was amongst the lowest.

From 2013 to 2022, the most notable rate of growth in terms of prices was attained by Italy (X%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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