Kuwait: Porcelain Technical Ware Market 2024

Porcelain Technical Ware Market Size in Kuwait

The Kuwaiti porcelain technical ware market declined markedly to $X in 2022, which is down by X% against the previous year. Overall, consumption continues to indicate a abrupt setback. Over the period under review, the market hit record highs at $X in 2017; however, from 2018 to 2022, consumption failed to regain momentum.

Porcelain Technical Ware Production in Kuwait

In value terms, porcelain technical ware production declined rapidly to $X in 2022 estimated in export price. Over the period under review, production faced a abrupt slump. The pace of growth was the most pronounced in 2015 when the production volume increased by X%. Porcelain technical ware production peaked at $X in 2019; however, from 2020 to 2022, production stood at a somewhat lower figure.

Porcelain Technical Ware Exports

Exports from Kuwait

In 2022, exports of porcelain ceramic wares for laboratory, technical, and chemical use from Kuwait soared to X tons, growing by X% on the previous year's figure. Over the period under review, exports recorded a significant increase. The pace of growth was the most pronounced in 2015 with an increase of X% against the previous year. The exports peaked at X tons in 2020; however, from 2021 to 2022, the exports remained at a lower figure.

In value terms, porcelain technical ware exports skyrocketed to $X in 2022. In general, exports showed a significant expansion. The pace of growth was the most pronounced in 2015 when exports increased by X% against the previous year. Over the period under review, the exports reached the peak figure at $X in 2018; however, from 2019 to 2022, the exports stood at a somewhat lower figure.

Exports by Country

The United Arab Emirates (X tons) was the main destination for porcelain technical ware exports from Kuwait, accounting for a X% share of total exports. Moreover, porcelain technical ware exports to the United Arab Emirates exceeded the volume sent to the second major destination, Saudi Arabia (X tons), fourfold.

From 2014 to 2022, the average annual rate of growth in terms of volume to the United Arab Emirates amounted to X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Saudi Arabia (X% per year) and Qatar (X% per year).

In value terms, the United Arab Emirates ($X) remains the key foreign market for porcelain ceramic wares for laboratory, technical, and chemical use exports from Kuwait, comprising X% of total exports. The second position in the ranking was taken by Qatar ($X), with a X% share of total exports.

From 2014 to 2022, the average annual growth rate of value to the United Arab Emirates totaled X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Qatar (X% per year) and Saudi Arabia (X% per year).

Export Prices by Country

In 2022, the average porcelain technical ware export price amounted to $X per ton, shrinking by X% against the previous year. Over the period under review, the export price continues to indicate a abrupt decrease. The most prominent rate of growth was recorded in 2016 an increase of X%. The export price peaked at $X per ton in 2018; however, from 2019 to 2022, the export prices stood at a somewhat lower figure.

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 Qatar ($X per ton), while the average price for exports to Saudi Arabia ($X per ton) was amongst the lowest.

From 2014 to 2022, 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.

Porcelain Technical Ware Imports

Imports into Kuwait

In 2022, porcelain technical ware imports into Kuwait surged to X tons, increasing by X% on the previous year. Over the period under review, imports saw significant growth. The most prominent rate of growth was recorded in 2017 with an increase of X% against the previous year. As a result, imports attained the peak of X tons. From 2018 to 2022, the growth of imports failed to regain momentum.

In value terms, porcelain technical ware imports soared to $X in 2022. In general, imports continue to indicate a significant expansion. The most prominent rate of growth was recorded in 2017 with an increase of X%. As a result, imports attained the peak of $X. From 2018 to 2022, the growth of imports failed to regain momentum.

Imports by Country

In 2022, Italy (X tons) constituted the largest porcelain technical ware supplier to Kuwait, with a X% share of total imports. Moreover, porcelain technical ware imports from Italy exceeded the figures recorded by the second-largest supplier, China (X tons), twofold. The third position in this ranking was taken by the United Arab Emirates (X tons), with a X% share.

From 2013 to 2022, the average annual rate of growth in terms of volume from Italy stood at X%. The remaining supplying countries recorded the following average annual rates of imports growth: China (X% per year) and the United Arab Emirates (X% per year).

In value terms, China ($X), Italy ($X) and Turkey ($X) were the largest porcelain technical ware suppliers to Kuwait, together comprising X% of total imports.

Turkey, with a CAGR of X%, saw the highest growth rate of 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 porcelain technical ware import price stood at $X per ton in 2022, increasing by X% against the previous year. Over the period under review, the import price, however, saw a relatively flat trend pattern. The most prominent rate of growth was recorded in 2021 an increase of X% against the previous year. Over the period under review, average import prices hit record highs at $X per ton in 2013; however, from 2014 to 2022, import prices stood at a somewhat lower figure.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Turkey ($X per ton), while the price for the United Arab Emirates ($X per ton) was amongst the lowest.

From 2013 to 2022, the most notable rate of growth in terms of prices was attained by India (X%), while the prices for the other major suppliers experienced mixed trend patterns.

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :