Kuwait: Photographic Paper Market 2024

Photographic Paper Market Size in Kuwait

The Kuwaiti photographic paper market shrank dramatically to $X in 2021, which is down by -39.4% against the previous year. In general, consumption saw a deep slump. Over the period under review, the market hit record highs at $X in 2014; however, from 2015 to 2021, consumption stood at a somewhat lower figure.

Photographic Paper Production in Kuwait

In value terms, photographic paper production plummeted to $X in 2021 estimated in export price. In general, production, however, continues to indicate a prominent increase. The most prominent rate of growth was recorded in 2013 with an increase of 425%. Photographic paper production peaked at $X in 2015; however, from 2016 to 2021, production stood at a somewhat lower figure.

Photographic Paper Exports

Exports from Kuwait

In 2021, overseas shipments of photographic paper, paperboard and textiles decreased by -19.9% to X square meters for the first time since 2018, thus ending a two-year rising trend. Overall, exports, however, enjoyed prominent growth. The pace of growth was the most pronounced in 2013 with an increase of 665%. The exports peaked at X square meters in 2015; however, from 2016 to 2021, the exports remained at a lower figure.

In value terms, photographic paper exports shrank sharply to $X in 2021. In general, exports, however, enjoyed a buoyant increase. The pace of growth appeared the most rapid in 2013 when exports increased by 506% against the previous year. The exports peaked at $X in 2015; however, from 2016 to 2021, the exports stood at a somewhat lower figure.

Exports by Country

The United Arab Emirates (X square meters), Bahrain (X square meters) and Jordan (X square meters) were the main destinations of photographic paper exports from Kuwait, with a combined 98% share of total exports.

From 2012 to 2021, the biggest increases were recorded for Bahrain (with a CAGR of +72.1%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, the United Arab Emirates ($X) remains the key foreign market for photographic paper, paperboard and textiles exports from Kuwait, comprising 89% of total exports. The second position in the ranking was taken by Bahrain ($X), with a 6.7% share of total exports. It was followed by Jordan, with a 4.1% share.

From 2012 to 2021, the average annual growth rate of value to the United Arab Emirates amounted to +41.1%. Exports to the other major destinations recorded the following average annual rates of exports growth: Bahrain (+18.2% per year) and Jordan (-7.1% per year).

Export Prices by Country

In 2021, the average photographic paper export price amounted to $X per square meter, shrinking by -3.2% against the previous year. Overall, the export price continues to indicate a relatively flat trend pattern. The pace of growth appeared the most rapid in 2016 an increase of 74% against the previous year. As a result, the export price reached the peak level of $X per square meter. From 2017 to 2021, the average export prices failed to regain momentum.

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

From 2012 to 2021, the most notable rate of growth in terms of prices was recorded for supplies to the United Arab Emirates (-2.7%), while the prices for the other major destinations experienced a decline.

Photographic Paper Imports

Imports into Kuwait

Photographic paper imports into Kuwait fell notably to X square meters in 2021, declining by -43.9% on the previous year. Overall, imports showed a abrupt curtailment. The growth pace was the most rapid in 2019 with an increase of 71%. Imports peaked at X square meters in 2012; however, from 2013 to 2021, imports failed to regain momentum.

In value terms, photographic paper imports shrank sharply to $X in 2021. Over the period under review, imports recorded a abrupt descent. The pace of growth appeared the most rapid in 2017 with an increase of 104%. Imports peaked at $X in 2012; however, from 2013 to 2021, imports remained at a lower figure.

Imports by Country

Thailand (X square meters), the UK (X square meters) and the United Arab Emirates (X square meters) were the main suppliers of photographic paper imports to Kuwait, with a combined 67% share of total imports.

From 2012 to 2021, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by the United Arab Emirates (with a CAGR of +36.9%), while imports for the other leaders experienced more modest paces of growth.

In value terms, the UK ($X) constituted the largest supplier of photographic paper, paperboard and textiles to Kuwait, comprising 38% of total imports. The second position in the ranking was taken by the United Arab Emirates ($X), with a 19% share of total imports. It was followed by the United States, with a 14% share.

From 2012 to 2021, the average annual growth rate of value from the UK stood at -11.8%. The remaining supplying countries recorded the following average annual rates of imports growth: the United Arab Emirates (+26.3% per year) and the United States (+11.0% per year).

Import Prices by Country

In 2021, the average photographic paper import price amounted to $X per square meter, which is down by -13.7% against the previous year. In general, the import price saw a relatively flat trend pattern. The pace of growth was the most pronounced in 2013 an increase of 58% against the previous year. As a result, import price attained the peak level of $X per square meter. From 2014 to 2021, the average 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 the UK ($X per square meter), while the price for Saudi Arabia ($X per square meter) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Russia (+24.8%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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