Kuwait: Walking-Sticks And Whips Market 2023

Walking-Sticks And Whips Market Size in Kuwait

In 2021, the Kuwaiti walking-sticks and whips market increased by 202% to $X for the first time since 2018, thus ending a two-year declining trend. Over the period under review, consumption showed resilient growth. As a result, consumption attained the peak level and is likely to continue growth in the immediate term.

Walking-Sticks And Whips Exports

Exports from Kuwait

In 2021, walking-sticks and whips exports from Kuwait shrank modestly to X kg, declining by -3.2% on the year before. Over the period under review, exports, however, recorded a buoyant increase. The pace of growth appeared the most rapid in 2017 when exports increased by 285% against the previous year. As a result, the exports attained the peak of X kg. From 2018 to 2021, the growth of the exports remained at a lower figure.

In value terms, walking-sticks and whips exports contracted slightly to $X in 2021. In general, exports, however, enjoyed a resilient increase. The growth pace was the most rapid in 2017 when exports increased by 396% against the previous year. As a result, the exports attained the peak of $X. From 2018 to 2021, the growth of the exports remained at a lower figure.

Exports by Country

Saudi Arabia (X kg) was the main destination for walking-sticks and whips exports from Kuwait, accounting for a 99% share of total exports. It was followed by Tanzania (X kg), with a 1.1% share of total exports.

From 2012 to 2021, the average annual rate of growth in terms of volume to Saudi Arabia totaled +25.2%.

In value terms, Saudi Arabia ($X) remains the key foreign market for walking-sticks and whips exports from Kuwait, comprising 99% of total exports. The second position in the ranking was taken by Tanzania ($X), with a 0.8% share of total exports.

From 2012 to 2021, the average annual growth rate of value to Saudi Arabia amounted to +24.8%.

Export Prices by Country

In 2021, the average walking-sticks and whips export price amounted to $X per ton, remaining stable against the previous year. Over the period under review, export price indicated a perceptible expansion from 2012 to 2021: its price increased at an average annual rate of +4.5% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, walking-sticks and whips export price increased by +58.3% against 2018 indices. The pace of growth appeared the most rapid in 2014 when the average export price increased by 65%. The export price peaked at $X per ton in 2017; however, from 2018 to 2021, the export prices failed to regain momentum.

Average prices varied noticeably for the major overseas markets. In 2021, the country with the highest price was Saudi Arabia ($X per ton), while the average price for exports to Tanzania amounted to $X per ton.

From 2012 to 2021, the most notable rate of growth in terms of prices was recorded for supplies to Tanzania (+4.8%), while the prices for the other major destinations experienced mixed trend patterns.

Walking-Sticks And Whips Imports

Imports into Kuwait

After two years of decline, overseas purchases of walking-sticks, seat-sticks, whips and riding-crops increased by 130% to X tons in 2021. Overall, imports continue to indicate a remarkable increase. As a result, imports attained the peak and are likely to continue growth in the immediate term.

In value terms, walking-sticks and whips imports skyrocketed to $X in 2021. Over the period under review, imports showed a remarkable increase. As a result, imports attained the peak and are likely to continue growth in the immediate term.

Imports by Country

In 2021, China (X tons) constituted the largest supplier of walking-sticks and whips to Kuwait, with a 84% share of total imports. Moreover, walking-sticks and whips imports from China exceeded the figures recorded by the second-largest supplier, Taiwan (Chinese) (X tons), more than tenfold. The third position in this ranking was held by Saudi Arabia (X tons), with a 3% share.

From 2012 to 2021, the average annual growth rate of volume from China totaled +15.6%. The remaining supplying countries recorded the following average annual rates of imports growth: Taiwan (Chinese) (+27.3% per year) and Saudi Arabia (+498.8% per year).

In value terms, China ($X) constituted the largest supplier of walking-sticks and whips to Kuwait, comprising 58% of total imports. The second position in the ranking was held by Taiwan (Chinese) ($X), with a 14% share of total imports. It was followed by the United Arab Emirates, with a 4.4% share.

From 2012 to 2021, the average annual growth rate of value from China stood at +14.4%. The remaining supplying countries recorded the following average annual rates of imports growth: Taiwan (Chinese) (+41.6% per year) and the United Arab Emirates (+50.3% per year).

Import Prices by Country

In 2021, the average walking-sticks and whips import price amounted to $X per ton, picking up by 46% against the previous year. Over the period under review, the import price, however, showed a relatively flat trend pattern. The import price peaked at $X per ton in 2013; however, from 2014 to 2021, import prices failed to regain momentum.

There were significant differences in the average prices amongst the major supplying countries. In 2021, the country with the highest price was Taiwan (Chinese) ($X per ton), while the price for Saudi Arabia ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Taiwan (Chinese) (+11.3%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Market Intelligence Platform

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