Kuwait: Market for Scouring Pastes And Powders 2024

Market Size for Scouring Pastes And Powders in Kuwait

In 2023, the Kuwaiti scouring pastes and powders market decreased by X% to $X, falling for the second year in a row after two years of growth. The market value increased at an average annual rate of X% from 2012 to 2023; the trend pattern indicated some noticeable fluctuations being recorded in certain years. Over the period under review, the market reached the peak level at $X in 2021; afterwards, it flattened through to 2023.

Production of Scouring Pastes And Powders in Kuwait

In value terms, scouring pastes and powders production stood at $X in 2023 estimated in export price. Overall, the total production indicated noticeable growth from 2012 to 2023: its value increased at an average annual rate of X% over the last eleven-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2023 figures, production decreased by X% against 2021 indices. The growth pace was the most rapid in 2015 with an increase of X%. Scouring pastes and powders production peaked at $X in 2016; however, from 2017 to 2023, production stood at a somewhat lower figure.

Exports of Scouring Pastes And Powders

Exports from Kuwait

In 2023, after three years of growth, there was significant decline in overseas shipments of scouring pastes and powders, when their volume decreased by X% to X tons. Over the period under review, exports continue to indicate a abrupt slump. The pace of growth appeared the most rapid in 2015 when exports increased by X%. Over the period under review, the exports attained the maximum at X tons in 2016; however, from 2017 to 2023, the exports stood at a somewhat lower figure.

In value terms, scouring pastes and powders exports contracted sharply to $X in 2023. In general, exports recorded a pronounced slump. The most prominent rate of growth was recorded in 2015 when exports increased by X%. The exports peaked at $X in 2016; however, from 2017 to 2023, the exports remained at a lower figure.

Exports by Country

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

From 2012 to 2023, the average annual rate of growth in terms of volume to Saudi Arabia stood at X%. Exports to the other major destinations recorded the following average annual rates of exports growth: the United Arab Emirates (X% per year) and Qatar (X% per year).

In value terms, Saudi Arabia ($X) remains the key foreign market for scouring pastes and powders exports from Kuwait, comprising X% of total exports. The second position in the ranking was taken by the United Arab Emirates ($X), with an X% share of total exports.

From 2012 to 2023, 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 Qatar (X% per year).

Export Prices by Country

The average scouring pastes and powders export price stood at $X per ton in 2023, waning by X% against the previous year. In general, export price indicated a remarkable increase from 2012 to 2023: its price increased at an average annual rate of X% over the last eleven years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2023 figures, scouring pastes and powders export price increased by X% against 2020 indices. The pace of growth appeared the most rapid in 2013 an increase of X% against the previous year. The export price peaked at $X per ton in 2022, and then fell in the following year.

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

From 2012 to 2023, 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 mixed trend patterns.

Imports of Scouring Pastes And Powders

Imports into Kuwait

Scouring pastes and powders imports into Kuwait shrank notably to X tons in 2023, waning by X% against 2022 figures. Overall, imports, however, continue to indicate a measured expansion. The most prominent rate of growth was recorded in 2017 with an increase of X% against the previous year. Over the period under review, imports reached the maximum at X tons in 2019; however, from 2020 to 2023, imports failed to regain momentum.

In value terms, scouring pastes and powders imports fell sharply to $X in 2023. Over the period under review, imports, however, enjoyed resilient growth. The pace of growth was the most pronounced in 2017 with an increase of X%. Imports peaked at $X in 2019; however, from 2020 to 2023, imports remained at a lower figure.

Imports by Country

In 2023, Jordan (X tons) constituted the largest scouring pastes and powders supplier to Kuwait, with a X% share of total imports. Moreover, scouring pastes and powders imports from Jordan exceeded the figures recorded by the second-largest supplier, Saudi Arabia (X tons), threefold. The third position in this ranking was held by Malaysia (X tons), with a X% share.

From 2012 to 2023, the average annual rate of growth in terms of volume from Jordan totaled X%. The remaining supplying countries recorded the following average annual rates of imports growth: Saudi Arabia (X% per year) and Malaysia (X% per year).

In value terms, Jordan ($X), Lebanon ($X) and Turkey ($X) appeared to be the largest scouring pastes and powders suppliers to Kuwait, with a combined X% share of total imports.

Turkey, with a CAGR of X%, recorded the highest rates of growth with regard to 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

The average scouring pastes and powders import price stood at $X per ton in 2023, which is down by X% against the previous year. Over the period under review, the import price, however, showed a prominent increase. The most prominent rate of growth was recorded in 2020 an increase of X%. The import price peaked at $X per ton in 2022, and then shrank in the following year.

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

From 2012 to 2023, the most notable rate of growth in terms of prices was attained by Lebanon (X%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform