Kuwait: Market for Vacuum Flasks and Vessels 2024

Market Size for Vacuum Flasks and Vessels in Kuwait

The Kuwaiti vacuum flask and vessel market shrank rapidly to $X in 2022, waning by X% against the previous year. Over the period under review, consumption, however, enjoyed buoyant growth. As a result, consumption reached the peak level of $X, and then contracted markedly in the following year.

Production of Vacuum Flasks and Vessels in Kuwait

In value terms, vacuum flask and vessel production amounted to $X in 2022 estimated in export price. Overall, production, however, enjoyed moderate growth. The growth pace was the most rapid in 2016 when the production volume increased by X%. As a result, production attained the peak level of $X. From 2017 to 2022, production growth remained at a lower figure.

Exports of Vacuum Flasks and Vessels

Exports from Kuwait

For the fourth year in a row, Kuwait recorded decline in overseas shipments of vacuum flasks and vessels, which decreased by X% to X units in 2022. In general, exports showed a abrupt descent. The most prominent rate of growth was recorded in 2018 with an increase of X%. As a result, the exports reached the peak of X units. From 2019 to 2022, the growth of the exports failed to regain momentum.

In value terms, vacuum flask and vessel exports fell markedly to $X in 2022. Overall, exports continue to indicate a mild decline. The pace of growth was the most pronounced in 2018 with an increase of X%. As a result, the exports reached the peak of $X. From 2019 to 2022, the growth of the exports failed to regain momentum.

Exports by Country

Qatar (X units) was the main destination for vacuum flask and vessel exports from Kuwait, with a X% share of total exports. Moreover, vacuum flask and vessel exports to Qatar exceeded the volume sent to the second major destination, China (X units), twofold. The United Arab Emirates (X units) ranked third in terms of total exports with a X% share.

From 2013 to 2022, the average annual rate of growth in terms of volume to Qatar amounted to X%. Exports to the other major destinations recorded the following average annual rates of exports growth: China (X% per year) and the United Arab Emirates (X% per year).

In value terms, Qatar ($X) remains the key foreign market for vacuum flasks and vessels exports from Kuwait, comprising X% of total exports. The second position in the ranking was taken by China ($X), with a X% share of total exports. It was followed by the United Arab Emirates, with a X% share.

From 2013 to 2022, the average annual rate of growth in terms of value to Qatar stood at X%. Exports to the other major destinations recorded the following average annual rates of exports growth: China (X% per year) and the United Arab Emirates (X% per year).

Export Prices by Country

The average vacuum flask and vessel export price stood at $X per unit in 2022, which is down by X% against the previous year. In general, the export price, however, posted a resilient expansion. The most prominent rate of growth was recorded in 2021 when the average export price increased by X% against the previous year. As a result, the export price attained the peak level of $X per unit, and then declined dramatically in the following year.

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

From 2013 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 mixed trend patterns.

Imports of Vacuum Flasks and Vessels

Imports into Kuwait

In 2022, after two years of growth, there was significant decline in purchases abroad of vacuum flasks and vessels, when their volume decreased by X% to X units. Overall, imports recorded a relatively flat trend pattern. The growth pace was the most rapid in 2014 when imports increased by X%. Over the period under review, imports reached the maximum at X units in 2021, and then fell dramatically in the following year.

In value terms, vacuum flask and vessel imports expanded slightly to $X in 2022. In general, total imports indicated a resilient increase from 2013 to 2022: its value increased at an average annual rate of X% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by X% against 2018 indices. The growth pace was the most rapid in 2021 with an increase of X%. Over the period under review, imports hit record highs in 2022 and are likely to see steady growth in the near future.

Imports by Country

In 2022, China (X units) constituted the largest vacuum flask and vessel supplier to Kuwait, with a X% share of total imports. Moreover, vacuum flask and vessel imports from China exceeded the figures recorded by the second-largest supplier, India (X units), fivefold. Germany (X units) ranked third in terms of total imports with an X% share.

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

In value terms, China ($X) constituted the largest supplier of vacuum flasks and vessels to Kuwait, comprising X% of total imports. The second position in the ranking was held by Germany ($X), with a X% share of total imports. It was followed by Japan, with a X% share.

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

Import Prices by Country

The average vacuum flask and vessel import price stood at $X per unit in 2022, jumping by X% against the previous year. In general, import price indicated prominent growth from 2013 to 2022: its price increased at an average annual rate of X% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, vacuum flask and vessel import price increased by X% against 2018 indices. As a result, import price attained the peak level and is likely to continue growth in the immediate term.

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

From 2013 to 2022, 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

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