Kuwait - Stainless Steel Sinks And Wash Basins - Market Analysis, Forecast, Size, Trends And Insights
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View PricingStainless Steel Sink Price in Kuwait - 2022
Contents:
- Stainless Steel Sink Price in Kuwait (CIF) - 2021
- Stainless Steel Sink Price in Kuwait (FOB) - 2022
- Stainless Steel Sink Imports in Kuwait
- Stainless Steel Sink Exports in Kuwait
Stainless Steel Sink Price in Kuwait (CIF) - 2021
The average stainless steel sink import price stood at $35.0 per unit in December 2021, dropping by -42.1% against the previous month. Overall, the import price continues to indicate a abrupt curtailment. The growth pace was the most rapid in November 2021 when the average import price increased by 21% month-to-month. Over the period under review, average import prices attained the peak figure at $124 per unit in January 2021; however, from February 2021 to December 2021, import prices failed to regain momentum.
Prices varied noticeably by the country of origin: the country with the highest price was Italy ($75.2 per unit), while the price for China ($26.5 per unit) was amongst the lowest.
From January 2021 to December 2021, the most notable rate of growth in terms of prices was attained by Saudi Arabia (-3.9%), while the prices for the other major suppliers experienced a decline.
Stainless Steel Sink Price in Kuwait (FOB) - 2022
In 2022, the average stainless steel sink export price amounted to $52 per unit, dropping by -4.3% against the previous year. Over the period under review, the export price, however, enjoyed noticeable growth. The growth pace was the most rapid in 2019 when the average export price increased by 72%. The export price peaked at $54 per unit in 2021, and then fell in the following year.
Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Saudi Arabia ($89 per unit), while the average price for exports to Jordan ($8 per unit) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Iran (+14.7%), while the prices for the other major destinations experienced more modest paces of growth.
Stainless Steel Sink Imports in Kuwait
In 2022, the amount of stainless steel sinks and wash basins imported into Kuwait shrank markedly to 31K units, waning by -15.4% compared with the previous year. Over the period under review, imports recorded a noticeable contraction. The most prominent rate of growth was recorded in 2021 with an increase of 39%. As a result, imports reached the peak of 37K units, and then reduced sharply in the following year.
In value terms, stainless steel sink imports dropped rapidly to $2.3M in 2022. Overall, imports showed a pronounced descent. The pace of growth appeared the most rapid in 2021 with an increase of 44%. As a result, imports reached the peak of $2.7M, and then shrank dramatically in the following year.
Import of Stainless Steel Sink in Kuwait (Thousand USD) | |||||
---|---|---|---|---|---|
COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
China | 849 | 477 | 995 | 1,281 | 14.7% |
Italy | 540 | 537 | 680 | 318 | -16.2% |
Saudi Arabia | 255 | 171 | 234 | 135 | -19.1% |
South Korea | 87.3 | 118 | 180 | 104 | 6.0% |
Turkey | 123 | 61.4 | 182 | 96.6 | -7.7% |
United States | 148 | 35.0 | 31.1 | 56.6 | -27.4% |
Others | 632 | 493 | 416 | 315 | -20.7% |
Total | 2,634 | 1,893 | 2,719 | 2,306 | -4.3% |
Top Suppliers of Stainless Steel Sink to Kuwait in 2022:
- China (19.1K units)
- Saudi Arabia (2.8K units)
- Italy (2.6K units)
- South Korea (1.8K units)
- Turkey (1.4K units)
- United States (0.5K units)
Stainless Steel Sink Exports in Kuwait
After two years of decline, shipments abroad of stainless steel sinks and wash basins increased by 41% to 24 units in 2022. In general, exports, however, showed a deep contraction. Over the period under review, the exports reached the maximum at 46 units in 2019; however, from 2020 to 2022, the exports failed to regain momentum.
In value terms, stainless steel sink exports skyrocketed to $1.2K in 2022. Overall, exports, however, showed a abrupt downturn. Over the period under review, the exports attained the maximum at $2K in 2019; however, from 2020 to 2022, the exports remained at a lower figure.
Export of Stainless Steel Sink in Kuwait (USD) | |||||
---|---|---|---|---|---|
COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
Saudi Arabia | 1,693 | 1,175 | 731 | 958 | -17.3% |
Oman | 91.0 | 199 | 124 | 162 | 21.2% |
Qatar | 36.0 | 95.0 | 9.0 | 34.0 | -1.9% |
Lebanon | 39.0 | 24.0 | 17.0 | 27.0 | -11.5% |
Jordan | 23.0 | 13.0 | 9.0 | 13.0 | -17.3% |
Others | 132 | 49.0 | 37.0 | 47.0 | -29.1% |
Total | 2,014 | 1,555 | 927 | 1,241 | -14.9% |
Top Export Markets for Stainless Steel Sink from Kuwait in 2022:
- Saudi Arabia (11.0 units)
- Oman (8.0 units)
- Lebanon (2.0 units)
- Jordan (2.0 units)
- Qatar (1.0 units)
This report provides an in-depth analysis of the stainless steel sink 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 25991110 - Stainless steel sinks and wash basins
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
This report provides an in-depth analysis of the stainless steel sink market in Kuwait.
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This report provides an in-depth analysis of the stainless steel sink market in Kuwait.
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