Kuwait: Market for Vulcanised Cellular Rubber Articles For Technical Uses 2024

Market Size for Vulcanised Cellular Rubber Articles For Technical Uses in Kuwait

After two years of decline, the Kuwaiti vulcanised cellular rubber articles market increased by X% to $X in 2022. Overall, consumption saw a perceptible expansion. As a result, consumption attained the peak level of $X. From 2020 to 2022, the growth of the market failed to regain momentum.

Exports of Vulcanised Cellular Rubber Articles For Technical Uses

Exports from Kuwait

Vulcanised cellular rubber articles exports from Kuwait contracted modestly to X kg in 2022, waning by X% compared with the previous year. Overall, exports showed a deep contraction. The most prominent rate of growth was recorded in 2016 with an increase of X% against the previous year. Over the period under review, the exports hit record highs at X tons in 2017; however, from 2018 to 2022, the exports remained at a lower figure.

In value terms, vulcanised cellular rubber articles exports reached $X in 2022. In general, exports saw a deep setback. The pace of growth appeared the most rapid in 2016 when exports increased by X%. Over the period under review, the exports hit record highs at $X in 2017; however, from 2018 to 2022, the exports remained at a lower figure.

Exports by Country

Bahrain (X kg) was the main destination for vulcanised cellular rubber articles exports from Kuwait, accounting for a X% share of total exports. Moreover, vulcanised cellular rubber articles exports to Bahrain exceeded the volume sent to the second major destination, Qatar (X kg), fourfold. The United Arab Emirates (X kg) ranked third in terms of total exports with a X% share.

From 2012 to 2022, the average annual growth rate of volume to Bahrain was relatively modest. Exports to the other major destinations recorded the following average annual rates of exports growth: Qatar (X% per year) and the United Arab Emirates (X% per year).

In value terms, Bahrain ($X) remains the key foreign market for vulcanised cellular rubber articles for technical uses exports from Kuwait, comprising X% of total exports. The second position in the ranking was held by Qatar ($X), with a X% share of total exports. It was followed by the United Arab Emirates, with a X% share.

From 2012 to 2022, the average annual rate of growth in terms of value to Bahrain stood at X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Qatar (X% per year) and the United Arab Emirates (X% per year).

Export Prices by Country

The average vulcanised cellular rubber articles export price stood at $X per ton in 2022, picking up by X% against the previous year. Over the period under review, the export price continues to indicate a relatively flat trend pattern. The growth pace was the most rapid in 2015 an increase of X% against the previous year. As a result, the export price attained the peak level of $X per ton. From 2016 to 2022, the average export prices remained at a somewhat lower figure.

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

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to the United Arab Emirates (X%), while the prices for the other major destinations experienced a decline.

Imports of Vulcanised Cellular Rubber Articles For Technical Uses

Imports into Kuwait

In 2022, after two years of decline, there was significant growth in overseas purchases of vulcanised cellular rubber articles for technical uses, when their volume increased by X% to X tons. Overall, imports showed a pronounced expansion. The most prominent rate of growth was recorded in 2019 with an increase of X%. As a result, imports attained the peak of X tons. From 2020 to 2022, the growth of imports remained at a somewhat lower figure.

In value terms, vulcanised cellular rubber articles imports soared to $X in 2022. Over the period under review, imports saw a temperate increase. The pace of growth appeared the most rapid in 2019 when imports increased by X%. As a result, imports reached the peak of $X. From 2020 to 2022, the growth of imports remained at a somewhat lower figure.

Imports by Country

In 2022, the United Arab Emirates (X tons) constituted the largest supplier of vulcanised cellular rubber articles to Kuwait, with a X% share of total imports. Moreover, vulcanised cellular rubber articles imports from the United Arab Emirates exceeded the figures recorded by the second-largest supplier, China (X tons), fivefold. Saudi Arabia (X tons) ranked third in terms of total imports with a X% share.

From 2012 to 2022, the average annual growth rate of volume from the United Arab Emirates totaled X%. The remaining supplying countries recorded the following average annual rates of imports growth: China (X% per year) and Saudi Arabia (X% per year).

In value terms, the largest vulcanised cellular rubber articles suppliers to Kuwait were the United Arab Emirates ($X), China ($X) and Greece ($X), with a combined X% share of total imports.

Greece, with a CAGR of X%, saw the highest rates of growth with regard to 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

In 2022, the average vulcanised cellular rubber articles import price amounted to $X per ton, reducing by X% against the previous year. Over the period under review, the import price, however, showed a relatively flat trend pattern. The most prominent rate of growth was recorded in 2020 when the average import price increased by X% against the previous year. The import price peaked at $X per ton in 2014; however, from 2015 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 China ($X per ton), while the price for Iran ($X per ton) was amongst the lowest.

From 2012 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 mixed trend patterns.

Source: IndexBox Platform

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