Kuwait: Man-Made Filament Fabric Market 2024

Man-Made Filament Fabric Market Size in Kuwait

The Kuwaiti man-made filament fabric market reduced remarkably to $X in 2022, waning by X% against the previous year. This figure reflects the total revenues of producers and importers (excluding logistics costs, retail marketing costs, and retailers' margins, which will be included in the final consumer price). Overall, consumption showed a slight shrinkage. As a result, consumption reached the peak level of $X, and then fell rapidly in the following year.

Man-Made Filament Fabric Exports

Exports from Kuwait

In 2022, the amount of woven fabrics of man-made filaments and staple fibers exported from Kuwait soared to X square meters, picking up by X% against the previous year. In general, exports recorded a significant increase. The growth pace was the most rapid in 2013 when exports increased by X%. The exports peaked at X square meters in 2018; however, from 2019 to 2022, the exports failed to regain momentum.

In value terms, man-made filament fabric exports soared to $X in 2022. Over the period under review, exports posted a significant expansion. The growth pace was the most rapid in 2016 with an increase of X% against the previous year. Over the period under review, the exports attained the peak figure at $X in 2020; however, from 2021 to 2022, the exports remained at a lower figure.

Exports by Country

Saudi Arabia (X square meters), the United Arab Emirates (X square meters) and Iraq (X square meters) were the main destinations of man-made filament fabric exports from Kuwait.

From 2012 to 2021, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by Oman (with a CAGR of X%), while the other leaders experienced more modest paces of growth.

In value terms, Saudi Arabia ($X), Iraq ($X) and the United Arab Emirates ($X) constituted the largest markets for man-made filament fabric exported from Kuwait worldwide.

In terms of the main countries of destination, Oman, with a CAGR of X%, recorded the highest rates of growth with regard to the value of exports, over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

The average man-made filament fabric export price stood at $X per square meter in 2021, reducing by X% against the previous year. In general, the export price showed a perceptible setback. The pace of growth was the most pronounced in 2019 when the average export price increased by X% against the previous year. The export price peaked at $X per square meter in 2012; however, from 2013 to 2021, the export prices stood at a somewhat lower figure.

There were significant differences in the average prices for the major export markets. In 2021, amid the top suppliers, the country with the highest price was Iraq ($X per square meter), while the average price for exports to Lebanon ($X per square meter) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was recorded for supplies to Iraq (X%), while the prices for the other major destinations experienced a decline.

Man-Made Filament Fabric Imports

Imports into Kuwait

In 2022, the amount of woven fabrics of man-made filaments and staple fibers imported into Kuwait fell remarkably to X square meters, waning by X% compared with 2021. Overall, total imports indicated a mild expansion from 2012 to 2022: its volume increased at an average annual rate of X% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by X% against 2020 indices. The growth pace was the most rapid in 2021 with an increase of X%. Imports peaked at X square meters in 2019; however, from 2020 to 2022, imports failed to regain momentum.

In value terms, man-made filament fabric imports shrank rapidly to $X in 2022. In general, imports continue to indicate a slight decline. The most prominent rate of growth was recorded in 2021 with an increase of X% against the previous year. As a result, imports reached the peak of $X, and then contracted remarkably in the following year.

Imports by Country

In 2021, China (X square meters) constituted the largest man-made filament fabric supplier to Kuwait, accounting for a X% share of total imports. Moreover, man-made filament fabric imports from China exceeded the figures recorded by the second-largest supplier, India (X square meters), fourfold. South Korea (X square meters) ranked third in terms of total imports with a X% share.

From 2012 to 2021, the average annual growth rate of volume from China totaled X%. The remaining supplying countries recorded the following average annual rates of imports growth: India (X% per year) and South Korea (X% per year).

In value terms, the largest man-made filament fabric suppliers to Kuwait were China ($X), India ($X) and Japan ($X), with a combined X% share of total imports. South Korea, Turkey, Egypt, Indonesia, Thailand, Taiwan (Chinese) and the United Arab Emirates lagged somewhat behind, together accounting for a further X%.

In terms of the main suppliers, Egypt, with a CAGR of X%, recorded the highest rates of growth with regard to the value of imports, over the period under review, while purchases for the other leaders experienced mixed trend patterns.

Import Prices by Country

The average man-made filament fabric import price stood at $X per square meter in 2021, remaining relatively unchanged against the previous year. Overall, the import price showed a noticeable decrease. The most prominent rate of growth was recorded in 2020 when the average import price increased by X%. The import price peaked at $X per square meter in 2012; however, from 2013 to 2021, import prices remained at a lower figure.

There were significant differences in the average prices amongst the major supplying countries. In 2021, amid the top importers, the country with the highest price was Japan ($X per square meter), while the price for Taiwan (Chinese) ($X per square meter) 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 a decline.

Source: IndexBox Platform

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