Report Update Apr 1, 2024

Kuwait - Composition Leather - Market Analysis, Forecast, Size, Trends and Insights

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Kuwait: Composition Leather Market 2024

Composition Leather Market Size in Kuwait

In 2021, after two years of growth, there was significant decline in the Kuwaiti composition leather market, when its value decreased by -63.4% to $X. Over the period under review, consumption saw a sharp decrease. Composition leather consumption peaked at $X in 2012; however, from 2013 to 2021, consumption remained at a lower figure.

Composition Leather Exports

Exports from Kuwait

In 2018, overseas shipments of composition leather decreased by 0% to X square meters, falling for the second consecutive year after two years of decline. Over the period under review, exports saw a abrupt setback. The most prominent rate of growth was recorded in 2014 when exports increased by 149% against the previous year. As a result, the exports reached the peak of X square meters. From 2015 to 2018, the growth of the exports remained at a somewhat lower figure.

In value terms, composition leather exports amounted to $X in 2018. In general, exports faced a significant decline. The growth pace was the most rapid in 2014 with an increase of 26% against the previous year. As a result, the exports reached the peak of $X. From 2015 to 2018, the growth of the exports remained at a somewhat lower figure.

Exports by Country

Hong Kong SAR (X square meters) was the main destination for composition leather exports from Kuwait, with a approx. 99% share of total exports.

From 2013 to 2018, the average annual rate of growth in terms of volume to Hong Kong SAR was relatively modest.

From 2013 to 2018, the average annual growth rate of value to Hong Kong SAR was relatively modest.

Export Prices by Country

In 2018, the average composition leather export price amounted to $X per square meter, standing approx. at the previous year. In general, the export price showed a abrupt downturn. The pace of growth appeared the most rapid in 2014 a decrease of -49.6%. Over the period under review, the average export prices attained the peak figure at $X per square meter in 2013; however, from 2014 to 2018, 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 Hong Kong SAR.

From 2013 to 2018, the rate of growth in terms of prices for the United Arab Emirates amounted to 0.0% per year.

Composition Leather Imports

Imports into Kuwait

Composition leather imports into Kuwait shrank rapidly to X square meters in 2021, waning by -62.1% against 2020. In general, imports recorded a dramatic downturn. The pace of growth appeared the most rapid in 2016 with an increase of 272% against the previous year. Over the period under review, imports hit record highs at X square meters in 2012; however, from 2013 to 2021, imports stood at a somewhat lower figure.

In value terms, composition leather imports fell rapidly to $X in 2021. Over the period under review, imports saw a dramatic shrinkage. The most prominent rate of growth was recorded in 2016 when imports increased by 366%. Imports peaked at $X in 2012; however, from 2013 to 2021, imports remained at a lower figure.

Imports by Country

China (X square meters), the United States (X square meters) and Germany (X square meters) were the main suppliers of composition leather imports to Kuwait, together accounting for 94% of total imports.

From 2012 to 2021, the biggest increases were recorded for Germany (with a CAGR of +27.7%), while purchases for the other leaders experienced a decline.

In value terms, the UK ($X), China ($X) and the United States ($X) were the largest composition leather suppliers to Kuwait, together accounting for 71% of total imports. These countries were followed by Germany, India and Egypt, which together accounted for a further 14%.

Germany, with a CAGR of +49.4%, recorded the highest rates of growth with regard to the value of imports, among 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 2021, the average composition leather import price amounted to $X per square meter, falling by -4.7% against the previous year. In general, the import price, however, continues to indicate a resilient expansion. The growth pace was the most rapid in 2019 an increase of 56%. Over the period under review, average import prices reached the maximum at $X per square meter in 2020, and then fell modestly in the following year.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was the UK ($X per square meter), while the price for the United States ($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 India (+24.3%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :

What are the largest markets for composition leather in the world?

The countries with the highest volumes of consumption in 2021 were China, Cambodia and the United States, together comprising 38% of global consumption.

What are the largest producers of composition leather in the world?

The countries with the highest volumes of production in 2021 were China, the United States and Turkey, with a combined 42% share of global production. These countries were followed by Germany, Italy, India, South Korea, Vietnam, Pakistan, Indonesia, Kazakhstan, the UK and France, which together accounted for a further 31%.

What are the leading suppliers of composition leather to Kuwait?

In value terms, the UK, China and the United States constituted the largest composition leather suppliers to Kuwait, with a combined 71% share of total imports. These countries were followed by Germany, India and Egypt, which together accounted for a further 14%.

What is the average export price for composition leather in Kuwait?

In 2018, the average composition leather export price amounted to $2.2 per square meter, approximately reflecting the previous year.

What is the average import price for composition leather in Kuwait?

In 2021, the average composition leather import price amounted to $4.8 per square meter, declining by -4.7% against the previous year.

This report provides an in-depth analysis of the composition leather 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 15115200 - Composition leather with a basis of leather or leather fibre, in slabs, sheets or strips

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.

1. INTRODUCTION

Making Data-Driven Decisions to Grow Your Business
1. REPORT DESCRIPTION
2. RESEARCH METHODOLOGY AND AI PLATFORM
3. DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
4. GLOSSARY AND SPECIFIC TERMS
2. EXECUTIVE SUMMARY

A Quick Overview of Market Performance
1. KEY FINDINGS
2. MARKET TRENDS This Chapter is Available Only for the Professional Edition PRO
3. MARKET OVERVIEW

Understanding the Current State of The Market and Its Prospects
1. MARKET SIZE
2. MARKET STRUCTURE
3. TRADE BALANCE
4. PER CAPITA CONSUMPTION
5. MARKET FORECAST TO 2030
4. MOST PROMISING PRODUCT

Finding New Products to Diversify Your Business
This Chapter is Available Only for the Professional Edition PRO
1. TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
2. BEST-SELLING PRODUCTS
3. MOST CONSUMED PRODUCT
4. MOST TRADED PRODUCT
5. MOST PROFITABLE PRODUCT FOR EXPORT
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
1. TOP COUNTRIES TO SOURCE YOUR PRODUCT
2. TOP PRODUCING COUNTRIES
3. TOP EXPORTING COUNTRIES
4. LOW-COST EXPORTING COUNTRIES
6. MOST PROMISING OVERSEAS MARKETS

Choosing the Best Countries to Boost Your Exports
This Chapter is Available Only for the Professional Edition PRO
1. TOP OVERSEAS MARKETS FOR EXPORTING YOUR PRODUCT
2. TOP CONSUMING MARKETS
3. UNSATURATED MARKETS
4. TOP IMPORTING MARKETS
5. MOST PROFITABLE MARKETS
7. PRODUCTION

The Latest Trends and Insights into The Industry
1. PRODUCTION VOLUME AND VALUE
8. IMPORTS
The Largest Import Supplying Countries
1. IMPORTS FROM 2012–2023
2. IMPORTS BY COUNTRY
3. IMPORT PRICES BY COUNTRY
9. EXPORTS
The Largest Destinations for Exports
1. EXPORTS FROM 2012–2023
2. EXPORTS BY COUNTRY
3. EXPORT PRICES BY COUNTRY
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
1. Key Findings In 2023
2. Market Volume, In Physical Terms, 2012–2023
3. Market Value, 2012–2023
4. Per Capita Consumption In 2012-2023
5. Imports, In Physical Terms, By Country, 2012–2023
6. Imports, In Value Terms, By Country, 2012–2023
7. Import Prices, By Country Of Origin, 2012–2023
8. Exports, In Physical Terms, By Country, 2012–2023
9. Exports, In Value Terms, By Country, 2012–2023
10. Export Prices, By Country Of Destination, 2012–2023
LIST OF FIGURES
1. Market Volume, In Physical Terms, 2012–2023
2. Market Value, 2012–2023
3. Market Structure – Domestic Supply vs. Imports, In Physical Terms, 2012-2023
4. Market Structure – Domestic Supply vs. Imports, In Value Terms, 2012-2023
5. Trade Balance, In Physical Terms, 2012-2023
6. Trade Balance, In Value Terms, 2012-2023
7. Per Capita Consumption, 2012-2023
8. Market Volume Forecast to 2030
9. Market Value Forecast to 2030
10. Products: Market Size And Growth, By Type
11. Products: Average Per Capita Consumption, By Type
12. Products: Exports And Growth, By Type
13. Products: Export Prices And Growth, By Type
14. Production Volume And Growth
15. Exports And Growth
16. Export Prices And Growth
17. Market Size And Growth
18. Per Capita Consumption
19. Imports And Growth
20. Import Prices
21. Production, In Physical Terms, 2012–2023
22. Production, In Value Terms, 2012–2023
23. Imports, In Physical Terms, 2012–2023
24. Imports, In Value Terms, 2012–2023
25. Imports, In Physical Terms, By Country, 2023
26. Imports, In Physical Terms, By Country, 2012–2023
27. Imports, In Value Terms, By Country, 2012–2023
28. Import Prices, By Country Of Origin, 2012–2023
29. Exports, In Physical Terms, 2012–2023
30. Exports, In Value Terms, 2012–2023
31. Exports, In Physical Terms, By Country, 2023
32. Exports, In Physical Terms, By Country, 2012–2023
33. Exports, In Value Terms, By Country, 2012–2023
34. Export Prices, By Country Of Destination, 2012–2023