Kuwait: Assembled Parquet Panels Market 2024

Assembled Parquet Panels Market Size in Kuwait

The Kuwaiti assembled parquet panels market shrank 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, the total consumption indicated a pronounced expansion from 2012 to 2022: its value 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, consumption increased by X% against 2018 indices. As a result, consumption attained the peak level of $X, and then fell in the following year.

Assembled Parquet Panels Exports

Exports from Kuwait

In 2022, after two years of growth, there was significant decline in overseas shipments of assembled parquet panels, when their volume decreased by X% to X square meters. Overall, exports continue to indicate a deep downturn. The pace of growth appeared the most rapid in 2015 when exports increased by X%. Over the period under review, the exports reached the maximum at X square meters in 2013; however, from 2014 to 2022, the exports stood at a somewhat lower figure.

In value terms, assembled parquet panels exports reduced remarkably to $X in 2022. Over the period under review, exports showed a abrupt descent. The growth pace was the most rapid in 2015 when exports increased by X%. The exports peaked at $X in 2018; however, from 2019 to 2022, the exports failed to regain momentum.

Exports by Country

The United Arab Emirates (X square meters) was the main destination for assembled parquet panels exports from Kuwait, with a X% share of total exports. Moreover, assembled parquet panels exports to the United Arab Emirates exceeded the volume sent to the second major destination, Saudi Arabia (X square meters), fivefold.

From 2012 to 2022, the average annual growth rate of volume to the United Arab Emirates amounted to X%.

In value terms, the largest markets for assembled parquet panels exported from Kuwait were the United Arab Emirates ($X) and Saudi Arabia ($X).

The United Arab Emirates, with a CAGR of X%, recorded the highest rates of growth with regard to the value of exports, in terms of the main countries of destination over the period under review.

Export Prices by Country

In 2022, the average assembled parquet panels export price amounted to $X per square meter, declining by X% against the previous year. In general, the export price, however, enjoyed a notable increase. The most prominent rate of growth was recorded in 2014 an increase of X%. Over the period under review, the average export prices hit record highs at $X per square meter in 2018; however, from 2019 to 2022, the export prices stood at a somewhat lower figure.

There were significant differences in the average prices for the major external markets. In 2022, amid the top suppliers, the country with the highest price was Saudi Arabia ($X per square meter), while the average price for exports to the United Arab Emirates totaled $X per square meter.

From 2012 to 2022, 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 more modest paces of growth.

Assembled Parquet Panels Imports

Imports into Kuwait

In 2022, approx. X square meters of assembled parquet panels were imported into Kuwait; declining by X% against the year before. Over the period under review, total imports indicated a notable increase 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 2018 indices. The most prominent rate of growth was recorded in 2021 when imports increased by X%. Over the period under review, imports reached the peak figure at X square meters in 2013; however, from 2014 to 2022, imports remained at a lower figure.

In value terms, assembled parquet panels imports dropped to $X in 2022. In general, total imports indicated a resilient expansion from 2012 to 2022: its value 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 pace of growth was the most pronounced in 2013 when imports increased by X%. Imports peaked at $X in 2019; however, from 2020 to 2022, imports stood at a somewhat lower figure.

Imports by Country

In 2022, the Netherlands (X square meters) constituted the largest supplier of assembled parquet panels to Kuwait, accounting for a X% share of total imports. Moreover, assembled parquet panels imports from the Netherlands exceeded the figures recorded by the second-largest supplier, China (X square meters), threefold. The third position in this ranking was held by Italy (X square meters), with an X% share.

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

In value terms, Italy ($X), China ($X) and France ($X) were the largest assembled parquet panels suppliers to Kuwait, with a combined X% share of total imports. The Netherlands, Germany, Austria, Canada, Turkey, India and Saudi Arabia lagged somewhat behind, together accounting for a further X%.

Turkey, with a CAGR of X%, saw the highest rates of growth with regard to the value of imports, in terms of 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 assembled parquet panels import price amounted to $X per square meter, reducing by X% against the previous year. In general, import price indicated noticeable growth from 2012 to 2022: its price 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, assembled parquet panels import price decreased by X% against 2018 indices. The most prominent rate of growth was recorded in 2016 an increase of X% against the previous year. Over the period under review, average import prices attained the maximum at $X per square meter in 2018; however, from 2019 to 2022, import prices failed to regain momentum.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Italy ($X per square meter), while the price for the Netherlands ($X per square meter) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Italy (X%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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