Kuwait - Plastic Fittings For Furniture - Market Analysis, Forecast, Size, Trends And Insights
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View PricingPlastic Furniture Fittings Price in Kuwait - 2021
Contents:
- Plastic Furniture Fittings Price in Kuwait (CIF) - 2022
- Plastic Furniture Fittings Price in Kuwait (FOB) - 2022
- Plastic Furniture Fittings Imports in Kuwait
- Plastic Furniture Fittings Exports in Kuwait
Plastic Furniture Fittings Price in Kuwait (CIF) - 2022
The average plastic furniture fittings import price stood at $25,068 per ton in 2022, jumping by 181% against the previous year. Overall, the import price posted a prominent increase. As a result, import price reached the peak level and is likely to continue growth in the immediate term.
There were significant differences in the average prices amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was the UK ($52,420 per ton), while the price for Ukraine ($4,081 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Germany (+9.1%), while the prices for the other major suppliers experienced more modest paces of growth.
Plastic Furniture Fittings Price in Kuwait (FOB) - 2022
The average plastic furniture fittings export price stood at $7,668 per ton in 2022, dropping by -46.2% against the previous year. Overall, the export price saw a slight contraction. The most prominent rate of growth was recorded in 2021 an increase of 207%. Over the period under review, the average export prices reached the maximum at $17,237 per ton in 2013; however, from 2014 to 2022, the export prices remained at a lower figure.
As there is only one major export destination, the average price level is determined by prices for Spain.
From 2012 to 2022, the rate of growth in terms of prices for Spain amounted to +244.8% per year.
Plastic Furniture Fittings Imports in Kuwait
In 2022, after three years of growth, there was significant decline in supplies from abroad of plastic fittings for furniture, when their volume decreased by -68.2% to 101 tons. Overall, imports continue to indicate a deep downturn. The pace of growth was the most pronounced in 2021 with an increase of 67%. As a result, imports attained the peak of 317 tons, and then fell dramatically in the following year.
In value terms, plastic furniture fittings imports reduced to $2.5M in 2022. Over the period under review, imports, however, posted significant growth. The most prominent rate of growth was recorded in 2020 when imports increased by 84% against the previous year.
| Import of Plastic Furniture Fittings in Kuwait (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Germany | 148 | 76.0 | 127 | 906 | 82.9% |
| Italy | 22.2 | 15.7 | 33.4 | 322 | 143.9% |
| United Kingdom | 9.0 | 32.8 | 18.3 | 318 | 228.1% |
| Turkey | 43.0 | 18.4 | 37.5 | 210 | 69.7% |
| Sweden | 6.3 | 11.0 | 6.9 | 172 | 201.1% |
| Poland | 0.2 | 1.6 | 5.8 | 106 | 709.3% |
| Ukraine | 5.9 | 2.9 | 4.8 | 33.1 | 77.7% |
| China | 344 | 516 | 781 | N/A | 50.7% |
| United Arab Emirates | 477 | 1,228 | 1,190 | N/A | 57.9% |
| Taiwan (Chinese) | 75.5 | 90.1 | 97.4 | N/A | 13.6% |
| Others | 77.4 | 236 | 525 | 460 | 81.1% |
| Total | 1,208 | 2,229 | 2,826 | 2,527 | 27.9% |
Top Suppliers of Plastic Furniture Fittings to Kuwait in 2022:
- Turkey (23.4 tons)
- Germany (17.3 tons)
- Italy (12.9 tons)
- Sweden (8.9 tons)
- Ukraine (8.1 tons)
- Poland (6.4 tons)
- United Kingdom (6.1 tons)
Plastic Furniture Fittings Exports in Kuwait
In 2022, plastic furniture fittings exports from Kuwait soared to 3.3 tons, picking up by 64% against the year before. Over the period under review, exports saw a significant increase. The most prominent rate of growth was recorded in 2020 with an increase of 2,799% against the previous year. As a result, the exports attained the peak of 4.7 tons. From 2021 to 2022, the growth of the exports failed to regain momentum.
In value terms, plastic furniture fittings exports declined to $25K in 2022. In general, exports enjoyed a significant expansion. The most prominent rate of growth was recorded in 2020 with an increase of 1,885% against the previous year.
| Export of Plastic Furniture Fittings in Kuwait (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Spain | N/A | 1.5 | N/A | 25.0 | 308.2% |
| Qatar | N/A | N/A | 23.8 | N/A | 0% |
| Oman | N/A | N/A | 0.4 | N/A | 0% |
| Saudi Arabia | N/A | 15.4 | 3.2 | N/A | -79.2% |
| Bahrain | 0.7 | 4.6 | N/A | N/A | 557.1% |
| Others | 0.4 | 0.1 | 0.9 | N/A | 50.0% |
| Total | 1.1 | 21.6 | 28.3 | 25.0 | 183.3% |
Top Export Markets for Plastic Furniture Fittings from Kuwait in 2022:
- Spain (3.3 tons)
This report provides an in-depth analysis of the plastic furniture fittings market in Kuwait. Within it, you will discover the latest data on market trends and opportunities by country, consumption, production and price developments, as well as the global trade (imports and exports). The forecast exhibits the market prospects through 2030.
Product coverage:
- Prodcom 22292610 - Plastic fittings for furniture, coachwork or the like
Country coverage:
- Kuwait
Data coverage:
- Market volume and value
- Per Capita consumption
- Forecast of the market dynamics in the medium term
- Trade (exports and imports) in Kuwait
- Export and import prices
- Market trends, drivers and restraints
- Key market players and their profiles
Reasons to buy this report:
- Take advantage of the latest data
- Find deeper insights into current market developments
- Discover vital success factors affecting the market
This report is designed for manufacturers, distributors, importers, and wholesalers, as well as for investors, consultants and advisors.
In this report, you can find information that helps you to make informed decisions on the following issues:
- How to diversify your business and benefit from new market opportunities
- How to load your idle production capacity
- How to boost your sales on overseas markets
- How to increase your profit margins
- How to make your supply chain more sustainable
- How to reduce your production and supply chain costs
- How to outsource production to other countries
- How to prepare your business for global expansion
While doing this research, we combine the accumulated expertise of our analysts and the capabilities of artificial intelligence. The AI-based platform, developed by our data scientists, constitutes the key working tool for business analysts, empowering them to discover deep insights and ideas from the marketing data.
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1. INTRODUCTION
Making Data-Driven Decisions to Grow Your Business
- REPORT DESCRIPTION
- RESEARCH METHODOLOGY AND AI PLATFORM
- DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
- GLOSSARY AND SPECIFIC TERMS
-
2. EXECUTIVE SUMMARY
A Quick Overview of Market Performance
- KEY FINDINGS
- MARKET TRENDS This Chapter is Available Only for the Professional Edition PRO
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3. MARKET OVERVIEW
Understanding the Current State of The Market and Its Prospects
- MARKET SIZE
- MARKET STRUCTURE
- TRADE BALANCE
- PER CAPITA CONSUMPTION
- MARKET FORECAST TO 2030
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4. MOST PROMISING PRODUCT
Finding New Products to Diversify Your Business
This Chapter is Available Only for the Professional Edition PRO- TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
- BEST-SELLING PRODUCTS
- MOST CONSUMED PRODUCT
- MOST TRADED PRODUCT
- MOST PROFITABLE PRODUCT FOR EXPORT
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5. MOST PROMISING SUPPLYING COUNTRIES
Choosing the Best Countries to Establish Your Sustainable Supply Chain
This Chapter is Available Only for the Professional Edition PRO- TOP COUNTRIES TO SOURCE YOUR PRODUCT
- TOP PRODUCING COUNTRIES
- TOP EXPORTING COUNTRIES
- LOW-COST EXPORTING COUNTRIES
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6. MOST PROMISING OVERSEAS MARKETS
Choosing the Best Countries to Boost Your Exports
This Chapter is Available Only for the Professional Edition PRO- TOP OVERSEAS MARKETS FOR EXPORTING YOUR PRODUCT
- TOP CONSUMING MARKETS
- UNSATURATED MARKETS
- TOP IMPORTING MARKETS
- MOST PROFITABLE MARKETS
7. PRODUCTION
The Latest Trends and Insights into The Industry
- PRODUCTION VOLUME AND VALUE
8. IMPORTS
The Largest Import Supplying Countries
- IMPORTS FROM 2012–2023
- IMPORTS BY COUNTRY
- IMPORT PRICES BY COUNTRY
9. EXPORTS
The Largest Destinations for Exports
- EXPORTS FROM 2012–2023
- EXPORTS BY COUNTRY
- EXPORT PRICES BY COUNTRY
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10. PROFILES OF MAJOR PRODUCERS
The Largest Producers on The Market and Their Profiles
This Chapter is Available Only for the Professional Edition PRO -
LIST OF TABLES
- Key Findings In 2023
- Market Volume, In Physical Terms, 2012–2023
- Market Value, 2012–2023
- Per Capita Consumption In 2012-2023
- Imports, In Physical Terms, By Country, 2012–2023
- Imports, In Value Terms, By Country, 2012–2023
- Import Prices, By Country Of Origin, 2012–2023
- Exports, In Physical Terms, By Country, 2012–2023
- Exports, In Value Terms, By Country, 2012–2023
- Export Prices, By Country Of Destination, 2012–2023
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LIST OF FIGURES
- Market Volume, In Physical Terms, 2012–2023
- Market Value, 2012–2023
- Market Structure – Domestic Supply vs. Imports, In Physical Terms, 2012-2023
- Market Structure – Domestic Supply vs. Imports, In Value Terms, 2012-2023
- Trade Balance, In Physical Terms, 2012-2023
- Trade Balance, In Value Terms, 2012-2023
- Per Capita Consumption, 2012-2023
- Market Volume Forecast to 2030
- Market Value Forecast to 2030
- Products: Market Size And Growth, By Type
- Products: Average Per Capita Consumption, By Type
- Products: Exports And Growth, By Type
- Products: Export Prices And Growth, By Type
- Production Volume And Growth
- Exports And Growth
- Export Prices And Growth
- Market Size And Growth
- Per Capita Consumption
- Imports And Growth
- Import Prices
- Production, In Physical Terms, 2012–2023
- Production, In Value Terms, 2012–2023
- Imports, In Physical Terms, 2012–2023
- Imports, In Value Terms, 2012–2023
- Imports, In Physical Terms, By Country, 2023
- Imports, In Physical Terms, By Country, 2012–2023
- Imports, In Value Terms, By Country, 2012–2023
- Import Prices, By Country Of Origin, 2012–2023
- Exports, In Physical Terms, 2012–2023
- Exports, In Value Terms, 2012–2023
- Exports, In Physical Terms, By Country, 2023
- Exports, In Physical Terms, By Country, 2012–2023
- Exports, In Value Terms, By Country, 2012–2023
- Export Prices, By Country Of Destination, 2012–2023
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