Kuwait: Polishes For Coachwork Market 2022

Polishes For Coachwork Market Size in Kuwait

In 2021, after two years of decline, there was significant growth in the Kuwaiti polishes for coachwork market, when its value increased by X% to $X. Overall, consumption, however, continues to indicate a noticeable decrease. Over the period under review, the market hit record highs at $X in 2014; however, from 2015 to 2021, consumption remained at a lower figure.

Polishes For Coachwork Exports

Exports from Kuwait

In 2021, after three years of growth, there was significant decline in shipments abroad of polishes for coachwork, when their volume decreased by -X% to X tons. In general, exports, however, saw a strong increase. The most prominent rate of growth was recorded in 2018 when exports increased by X%. Over the period under review, the exports attained the maximum at X tons in 2020, and then declined markedly in the following year.

In value terms, polishes for coachwork exports fell remarkably to $X in 2021. Over the period under review, exports, however, showed a buoyant expansion. The most prominent rate of growth was recorded in 2018 with an increase of X% against the previous year. The exports peaked at $X in 2020, and then contracted notably in the following year.

Exports by Country

Saudi Arabia (X tons) was the main destination for polishes for coachwork exports from Kuwait, accounting for a X% share of total exports. Moreover, polishes for coachwork exports to Saudi Arabia exceeded the volume sent to the second major destination, Iran (X tons), twofold. The United Arab Emirates (X tons) ranked third in terms of total exports with a X% share.

From 2012 to 2021, the average annual growth rate of volume to Saudi Arabia amounted to +X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Iran (+X% per year) and the United Arab Emirates (+X% per year).

In value terms, Saudi Arabia ($X), Iran ($X) and Qatar ($X) appeared to be the largest markets for polishes for coachwork exported from Kuwait worldwide, together comprising X% of total exports.

Qatar, with a CAGR of +X%, recorded the highest rates of growth with regard to the value of exports, among the main countries of destination over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

The average polishes for coachwork export price stood at $X per ton in 2021, with a decrease of -X% against the previous year. Overall, the export price showed a abrupt slump. The growth pace was the most rapid in 2020 when the average export price increased by X%. Over the period under review, the average export prices reached the peak figure at $X per ton in 2013; however, from 2014 to 2021, the export prices remained at a lower figure.

There were significant differences in the average prices for the major overseas markets. In 2021, the country with the highest price was Qatar ($X per ton), while the average price for exports to Saudi Arabia ($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 (+X%), while the prices for the other major destinations experienced a decline.

Polishes For Coachwork Imports

Imports into Kuwait

In 2021, the amount of polishes for coachwork imported into Kuwait surged to X tons, with an increase of X% on the previous year. Over the period under review, imports, however, continue to indicate a noticeable setback. Over the period under review, imports reached the peak figure at X tons in 2014; however, from 2015 to 2021, imports failed to regain momentum.

In value terms, polishes for coachwork imports surged to $X in 2021. Overall, imports, however, continue to indicate a perceptible slump. Imports peaked at $X in 2014; however, from 2015 to 2021, imports stood at a somewhat lower figure.

Imports by Country

Oman (X tons), Germany (X tons) and France (X tons) were the main suppliers of polishes for coachwork imports to Kuwait, with a combined X% share of total imports. These countries were followed by Egypt, Italy, the United Arab Emirates, Turkey, China, the UK, the United States and Poland, which together accounted for a further X 2012 to 2021, the biggest increases were in Egypt (with a CAGR of +X%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, the largest polishes for coachwork suppliers to Kuwait were the United Arab Emirates ($X), Germany ($X) and France ($X), with a combined X% share of total imports. The UK, Turkey, Oman, Italy, China, the United States, Egypt and Poland lagged somewhat behind, together accounting for a further X, with a CAGR of +X%, recorded the highest growth rate of the value of imports, in terms of the main suppliers over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

In 2021, the average polishes for coachwork import price amounted to $X per ton, with an increase of X% against the previous year. Over the last nine-year period, it increased at an average annual rate of +X%. The pace of growth appeared the most rapid in 2018 when the average import price increased by X% against the previous year. As a result, import price reached the peak level of $X per ton. From 2019 to 2021, the average import prices remained at a somewhat lower figure.

There were significant differences in the average prices amongst the major supplying countries. In 2021, the country with the highest price was the United Arab Emirates ($X per ton), while the price for Poland ($X per ton) was amongst the lowest.

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

Source: IndexBox Platform