Kuwait: Market for Non-PVC Floor, Wall and Ceiling Coverings 2024

Market Size for Non-PVC Floor, Wall and Ceiling Coverings in Kuwait

The Kuwaiti market for non-PVC floor, wall and ceiling coverings rose rapidly to $X in 2022, growing by X% against the previous year. Overall, consumption, however, continues to indicate strong growth. Consumption of peaked in 2022 and is likely to see gradual growth in the immediate term.

Production of Non-PVC Floor, Wall and Ceiling Coverings in Kuwait

In value terms, production of non-PVC floor, wall and ceiling coverings dropped markedly to $X in 2022 estimated in export price. Overall, production, however, continues to indicate a buoyant expansion. The most prominent rate of growth was recorded in 2021 when the production volume increased by X%. Production of peaked at $X in 2018; however, from 2019 to 2022, production failed to regain momentum.

Exports of Non-PVC Floor, Wall and Ceiling Coverings

Exports from Kuwait

In 2022, shipments abroad of non-PVC floor, wall and ceiling coverings increased by X% to X square meters for the first time since 2019, thus ending a two-year declining trend. Overall, exports, however, showed a abrupt downturn. The pace of growth was the most pronounced in 2019 with an increase of X%. As a result, the exports attained the peak of X square meters. From 2020 to 2022, the growth of the exports of remained at a lower figure.

In value terms, exports of non-PVC floor, wall and ceiling coverings surged to $X in 2022. In general, exports, however, recorded a noticeable curtailment. The growth pace was the most rapid in 2019 with an increase of X% against the previous year. As a result, the exports reached the peak of $X. From 2020 to 2022, the growth of the exports of failed to regain momentum.

Exports by Country

Saudi Arabia (X square meters) was the main destination for exports of non-PVC floor, wall and ceiling coverings from Kuwait, accounting for a X% share of total exports. Moreover, exports of non-PVC floor, wall and ceiling coverings to Saudi Arabia exceeded the volume sent to the second major destination, the United Arab Emirates (X square meters), fourfold. 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 ($X) emerged as the key foreign market for non-PVC floor, wall and ceiling coverings exports from Kuwait, comprising X% of total exports. The second position in the ranking was taken by the United Arab Emirates ($X), with a X% share of total exports. It was followed by Bahrain, with a X% share.

From 2013 to 2022, the average annual growth rate of value 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).

Export Prices by Country

The average export price for non-PVC floor, wall and ceiling coverings stood at $X per square meter in 2022, with an increase of X% against the previous year. Overall, the export price continues to indicate a prominent expansion. The pace of growth was the most pronounced in 2018 when the average export price increased by X% against the previous year. As a result, the export price attained the peak level of $X per square meter. From 2019 to 2022, the average export prices remained at a lower figure.

There were significant differences in the average prices for the major export 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 Saudi Arabia (X%), while the prices for the other major destinations experienced mixed trend patterns.

Imports of Non-PVC Floor, Wall and Ceiling Coverings

Imports into Kuwait

In 2022, the amount of non-PVC floor, wall and ceiling coverings imported into Kuwait rose remarkably to X square meters, growing by X% against the previous year. Overall, imports recorded a noticeable expansion. The most prominent rate of growth was recorded in 2016 when imports increased by X% against the previous year. Over the period under review, imports of reached the maximum at X square meters in 2020; however, from 2021 to 2022, imports remained at a lower figure.

In value terms, imports of non-PVC floor, wall and ceiling coverings soared to $X in 2022. Over the period under review, imports enjoyed a prominent expansion. The most prominent rate of growth was recorded in 2018 when imports increased by X%. Imports peaked in 2022 and are expected to retain growth in the near future.

Imports by Country

In 2022, China (X square meters) constituted the largest supplier of non-PVC floor, wall and ceiling coverings to Kuwait, accounting for a X% share of total imports. Moreover, imports of non-PVC floor, wall and ceiling coverings from China exceeded the figures recorded by the second-largest supplier, South Korea (X square meters), more than tenfold. The United States (X square meters) 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 amounted to X%. The remaining supplying countries recorded the following average annual rates of imports growth: South Korea (X% per year) and the United States (X% per year).

In value terms, China ($X) constituted the largest supplier of non-PVC floor, wall and ceiling coverings to Kuwait, comprising X% of total imports. The second position in the ranking was held by Spain ($X), with a X% share of total imports. It was followed by South Korea, with a X% share.

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

Import Prices by Country

The average import price for non-PVC floor, wall and ceiling coverings stood at $X per square meter in 2022, increasing by X% against the previous year. Over the last nine years, it increased at an average annual rate of X%. The most prominent rate of growth was recorded in 2021 when the average import price increased by X% against the previous year. The import price peaked in 2022 and is likely to continue growth in years to come.

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 Spain ($X per square meter), while the price for China ($X per square meter) was amongst the lowest.

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

Source: IndexBox Platform

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