Kuwait: Paper Knife Market 2023

Paper Knife Market Size in Kuwait

The Kuwaiti paper knife market soared to $X in 2022, jumping by 74% 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). Overall, consumption saw notable growth. Over the period under review, the market attained the peak level at $X in 2020; however, from 2021 to 2022, consumption stood at a somewhat lower figure.

Paper Knife Exports

Exports from Kuwait

In 2022, after two years of growth, there was significant decline in shipments abroad of paper knives, when their volume decreased by -21.4% to X units. In general, exports, however, recorded significant growth. The growth pace was the most rapid in 2017 with an increase of 284%. The exports peaked at X units in 2021, and then contracted markedly in the following year.

In value terms, paper knife exports fell remarkably to $X in 2022. Over the period under review, exports, however, posted significant growth. The growth pace was the most rapid in 2014 when exports increased by 644% against the previous year. The exports peaked at $X in 2021, and then shrank rapidly in the following year.

Exports by Country

Qatar (X units) was the main destination for paper knife exports from Kuwait, with a 90% share of total exports. Moreover, paper knife exports to Qatar exceeded the volume sent to the second major destination, the United Arab Emirates (X units), more than tenfold.

From 2012 to 2022, the average annual rate of growth in terms of volume to Qatar stood at +104.2%. Exports to the other major destinations recorded the following average annual rates of exports growth: the United Arab Emirates (+62.9% per year) and Saudi Arabia (-1.2% per year).

In value terms, Qatar ($X) remains the key foreign market for paper knives exports from Kuwait, comprising 91% of total exports. The second position in the ranking was held by Saudi Arabia ($X), with a 5.9% share of total exports.

From 2012 to 2022, the average annual growth rate of value to Qatar totaled +62.7%. Exports to the other major destinations recorded the following average annual rates of exports growth: Saudi Arabia (+8.9% per year) and the United Arab Emirates (+24.6% per year).

Export Prices by Country

The average paper knife export price stood at $X per unit in 2022, with a decrease of -16% against the previous year. Overall, the export price showed a perceptible downturn. The pace of growth appeared the most rapid in 2014 when the average export price increased by 171% against the previous year. The export price peaked at $X per unit in 2015; however, from 2016 to 2022, the export prices stood at a somewhat lower figure.

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

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Saudi Arabia (+10.2%), while the prices for the other major destinations experienced a decline.

Paper Knife Imports

Imports into Kuwait

In 2022, approx. X units of paper knives were imported into Kuwait; increasing by 80% against 2021. Over the period under review, imports recorded notable growth. Over the period under review, imports attained the peak figure at X units in 2020; however, from 2021 to 2022, imports remained at a lower figure.

In value terms, paper knife imports surged to $X in 2022. In general, imports saw a buoyant increase. The pace of growth was the most pronounced in 2018 with an increase of 81%. Imports peaked at $X in 2020; however, from 2021 to 2022, imports stood at a somewhat lower figure.

Imports by Country

In 2022, China (X units) constituted the largest paper knife supplier to Kuwait, with a 71% share of total imports. Moreover, paper knife imports from China exceeded the figures recorded by the second-largest supplier, India (X units), sevenfold. South Korea (X units) ranked third in terms of total imports with a 3.5% share.

From 2012 to 2022, the average annual growth rate of volume from China stood at +5.3%. The remaining supplying countries recorded the following average annual rates of imports growth: India (+10.2% per year) and South Korea (+28.7% per year).

In value terms, China ($X) constituted the largest supplier of paper knives to Kuwait, comprising 51% of total imports. The second position in the ranking was taken by South Korea ($X), with a 12% share of total imports. It was followed by Germany, with a 7.1% share.

From 2012 to 2022, the average annual growth rate of value from China stood at +8.2%. The remaining supplying countries recorded the following average annual rates of imports growth: South Korea (+43.6% per year) and Germany (-4.4% per year).

Import Prices by Country

The average paper knife import price stood at $X per unit in 2022, waning by -9% against the previous year. Over the period under review, the import price, however, saw a relatively flat trend pattern. The growth pace was the most rapid in 2013 when the average import price increased by 15%. Over the period under review, average import prices attained the peak figure at $X per unit in 2018; however, from 2019 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 South Korea ($X per unit), while the price for India ($X per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by South Korea (+11.6%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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