Kuwait: Cosmetics Market 2022

Cosmetics Market Size in Kuwait

In 2021, after two years of decline, there was significant growth in the Kuwaiti cosmetics market, when its value increased by X% to $X. Overall, consumption showed buoyant growth. Cosmetics consumption peaked at $X in 2018; however, from 2019 to 2021, consumption remained at a lower figure.

Cosmetics Exports

Exports from Kuwait

After two years of decline, shipments abroad of cosmetics increased by X% to X tons in 2021. In general, exports, however, continue to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in 2017 with an increase of X% against the previous year. Over the period under review, the exports attained the maximum at X tons in 2014; however, from 2015 to 2021, the exports stood at a somewhat lower figure.

In value terms, cosmetics exports expanded modestly to $X in 2021. Over the period under review, exports posted a resilient increase. The most prominent rate of growth was recorded in 2017 with an increase of X%. As a result, the exports reached the peak of $X. From 2018 to 2021, the growth of the exports failed to regain momentum.

Exports by Country

Oman (X tons) was the main destination for cosmetics exports from Kuwait, with a X% share of total exports. Moreover, cosmetics exports to Oman exceeded the volume sent to the second major destination, Saudi Arabia (X tons), threefold. The Netherlands (X tons) ranked third in terms of total exports with a X% share.

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

In value terms, Oman ($X) emerged as the key foreign market for cosmetics exports from Kuwait, comprising X% of total exports. The second position in the ranking was held by Saudi Arabia ($X), with a X% share of total exports. It was followed by the Netherlands, with a X% share.

From 2012 to 2021, the average annual rate of growth in terms of value to Oman amounted to +X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Saudi Arabia (+X% per year) and the Netherlands (+X% per year).

Export Prices by Country

In 2021, the average cosmetics export price amounted to $X per ton, shrinking by -X% against the previous year. Overall, the export price, however, continues to indicate a prominent increase. The most prominent rate of growth was recorded in 2017 when the average export price increased by X%. Over the period under review, the average export prices attained the peak figure at $X per ton in 2020, and then dropped in the following year.

Prices varied noticeably by the country of destination: the country with the highest price was Oman ($X per ton), while the average price for exports to Saudi Arabia ($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 the Netherlands (+X%), while the prices for the other major destinations experienced mixed trend patterns.

Cosmetics Imports

Imports into Kuwait

After two years of decline, supplies from abroad of cosmetics increased by X% to X tons in 2021. In general, imports posted a remarkable increase. The most prominent rate of growth was recorded in 2017 with an increase of X% against the previous year. Imports peaked at X tons in 2018; however, from 2019 to 2021, imports failed to regain momentum.

In value terms, cosmetics imports rose rapidly to $X in 2021. Overall, imports posted a remarkable increase. The pace of growth was the most pronounced in 2017 when imports increased by X%. Over the period under review, imports reached the peak figure at $X in 2019; however, from 2020 to 2021, imports failed to regain momentum.

Imports by Country

France (X tons), the United States (X tons) and the UK (X tons) were the main suppliers of cosmetics imports to Kuwait, together accounting for X% of total imports. Germany, Lebanon, the United Arab Emirates, Malaysia, Italy, Australia, the Philippines, Turkey and Poland lagged somewhat behind, together comprising a further X 2012 to 2021, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by Australia (with a CAGR of +X%), while imports for the other leaders experienced more modest paces of growth.

In value terms, France ($X) constituted the largest supplier of cosmetics to Kuwait, comprising X% of total imports. The second position in the ranking was taken by the United Arab Emirates ($X), with an X% share of total imports. It was followed by Italy, with a X% share.

From 2012 to 2021, the average annual growth rate of value from France amounted to +X%. The remaining supplying countries recorded the following average annual rates of imports growth: the United Arab Emirates (+X% per year) and Italy (+X% per year).

Import Prices by Country

The average cosmetics import price stood at $X per ton in 2021, declining by -X% against the previous year. In general, the import price, however, continues to indicate a prominent expansion. The most prominent rate of growth was recorded in 2020 an increase of X%. As a result, import price reached the peak level of $X per ton, and then declined dramatically in the following year.

Prices varied noticeably by the country of origin: the country with the highest price was France ($X per ton), while the price for the Philippines ($X per ton) was amongst the lowest.

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

Source: IndexBox Platform