Kuwait - Plastic Stoppers, Caps and Closures - Market Analysis, Forecast, Size, Trends And Insights
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View PricingPlastic Closure Price in Kuwait - 2021
Contents:
- Plastic Closure Price in Kuwait (CIF) - 2021
- Plastic Closure Price in Kuwait (FOB) - 2021
- Plastic Closure Imports in Kuwait
- Plastic Closure Exports in Kuwait
Plastic Closure Price in Kuwait (CIF) - 2021
The average plastic closure import price stood at $6,293 per ton in December 2021, surging by 23% against the previous month. Over the period from January 2021 to December 2021, it increased at an average monthly rate of +1.1%. As a result, import price attained 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 December 2021, the country with the highest price was the United States ($10,242 per ton), while the price for Bahrain ($2,823 per ton) was amongst the lowest.
From January 2021 to December 2021, the most notable rate of growth in terms of prices was attained by the United States (+5.5%), while the prices for the other major suppliers experienced more modest paces of growth.
Plastic Closure Price in Kuwait (FOB) - 2021
In December 2021, the average plastic closure export price amounted to $1,769 per ton, growing by 1.8% against the previous month. Overall, the export price continues to indicate a slight expansion. The most prominent rate of growth was recorded in August 2021 an increase of 402% m-o-m. Over the period under review, the average export prices reached the peak figure at $4,595 per ton in June 2021; however, from July 2021 to December 2021, the export prices failed to regain momentum.
Average prices varied noticeably for the major external markets. In December 2021, the country with the highest price was Iraq ($2,074 per ton), while the average price for exports to Saudi Arabia ($1,768 per ton) was amongst the lowest.
From January 2021 to December 2021, the most notable rate of growth in terms of prices was recorded for supplies to Iraq (+26.3%), while the prices for the other major destinations experienced more modest paces of growth.
Plastic Closure Imports in Kuwait
In 2022, approx. 2.5K tons of plastic stoppers, caps and closures were imported into Kuwait; waning by -11.1% on the previous year. The total import volume increased at an average annual rate of +1.2% over the period from 2019 to 2022; the trend pattern remained relatively stable, with only minor fluctuations being recorded throughout the analyzed period. The pace of growth was the most pronounced in 2021 with an increase of 28%. As a result, imports attained the peak of 2.8K tons, and then shrank in the following year.
In value terms, plastic closure imports fell to $13M in 2022. The total import value increased at an average annual rate of +4.6% over the period from 2019 to 2022; the trend pattern indicated some noticeable fluctuations being recorded in certain years. The growth pace was the most rapid in 2021 with an increase of 35% against the previous year. As a result, imports attained the peak of $15M, and then fell in the following year.
Import of Plastic Closure in Kuwait (Million USD) | |||||
---|---|---|---|---|---|
COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
China | 1.9 | 2.3 | 3.8 | 3.2 | 19.0% |
United Arab Emirates | 2.3 | 1.5 | 2.3 | 1.9 | -6.2% |
Saudi Arabia | 1.5 | 1.0 | 1.9 | 1.6 | 2.2% |
United States | 1.1 | 0.9 | 1.1 | 0.9 | -6.5% |
Italy | 1.1 | 1.3 | 0.5 | 0.8 | -10.1% |
France | 0.5 | 0.3 | 0.9 | 0.7 | 11.9% |
Bahrain | 0.6 | 0.4 | 0.4 | 0.4 | -12.6% |
Turkey | 0.4 | 0.5 | 0.5 | 0.4 | 0.0% |
Egypt | 0.6 | 0.2 | 0.3 | 0.3 | -20.6% |
Others | 1.4 | 2.4 | 2.9 | 2.6 | 22.9% |
Total | 11.2 | 10.9 | 14.7 | 12.8 | 4.6% |
Top Suppliers of Plastic Closure to Kuwait in 2022:
- United Arab Emirates (583.3 tons)
- China (512.4 tons)
- Saudi Arabia (402.8 tons)
- Italy (140.0 tons)
- United States (129.0 tons)
- France (125.6 tons)
- Bahrain (111.7 tons)
- Egypt (79.8 tons)
- Turkey (79.6 tons)
Plastic Closure Exports in Kuwait
After three years of growth, shipments abroad of plastic stoppers, caps and closures decreased by -27.7% to 1.1K tons in 2022. Over the period under review, exports, however, enjoyed a significant increase. The most prominent rate of growth was recorded in 2020 when exports increased by 285% against the previous year.
In value terms, plastic closure exports reduced modestly to $2.3M in 2022. Overall, exports, however, recorded significant growth. The most prominent rate of growth was recorded in 2020 when exports increased by 184%.
Export of Plastic Closure in Kuwait (Thousand USD) | |||||
---|---|---|---|---|---|
COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
Saudi Arabia | 36.5 | 38.8 | 1,082 | 1,018 | 203.3% |
Qatar | 191 | 1,740 | 1,061 | 998 | 73.5% |
Iraq | 255 | 114 | 228 | 252 | -0.4% |
United Arab Emirates | 12.0 | 109 | 34.0 | 51.4 | 62.4% |
Others | 286 | 213 | 44.8 | 12.8 | -64.5% |
Total | 780 | 2,214 | 2,450 | 2,332 | 44.1% |
Top Export Markets for Plastic Closure from Kuwait in 2022:
- Saudi Arabia (509.9 tons)
- Qatar (401.8 tons)
- Iraq (129.4 tons)
- United Arab Emirates (17.5 tons)
This report provides an in-depth analysis of the plastic closure 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 22221920 - Plastic caps and capsules for bottles
- Prodcom 22221930 - Plastic stoppers, lids, caps and other closures (excluding for bottles)
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
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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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