Kuwait: Wooden Door Market 2024

Wooden Door Market Size in Kuwait

The Kuwaiti wooden door market soared to $X in 2021, growing by 40% 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, consumption recorded prominent growth. Wooden door consumption peaked at $X in 2017; however, from 2018 to 2021, consumption stood at a somewhat lower figure.

Wooden Door Exports

Exports from Kuwait

In 2021, shipments abroad of doors and their frames and thresholds of wood decreased by -56.2% to X units, falling for the third year in a row after two years of growth. In general, exports saw a relatively flat trend pattern. The most prominent rate of growth was recorded in 2013 with an increase of 406% against the previous year. Over the period under review, the exports hit record highs at X units in 2014; however, from 2015 to 2021, the exports failed to regain momentum.

In value terms, wooden door exports declined markedly to $X in 2021. Over the period under review, exports, however, showed a resilient increase. The growth pace was the most rapid in 2013 when exports increased by 264% against the previous year. Over the period under review, the exports reached the peak figure at $X in 2018; however, from 2019 to 2021, the exports remained at a lower figure.

Exports by Country

Qatar (X units), Saudi Arabia (X units) and Iraq (X units) were the main destinations of wooden door exports from Kuwait, with a combined 99% share of total exports.

From 2012 to 2021, the biggest increases were recorded for Saudi Arabia (with a CAGR of +40.8%), while shipments for the other leaders experienced a decline.

In value terms, Qatar ($X) remains the key foreign market for doors and their frames and thresholds of wood exports from Kuwait, comprising 68% of total exports. The second position in the ranking was taken by Saudi Arabia ($X), with a 28% share of total exports. It was followed by Iraq, with a 3.1% share.

From 2012 to 2021, the average annual growth rate of value to Qatar stood at -6.4%. Exports to the other major destinations recorded the following average annual rates of exports growth: Saudi Arabia (+32.2% per year) and Iraq (-28.6% per year).

Export Prices by Country

The average wooden door export price stood at $X per unit in 2021, jumping by 44% against the previous year. Over the period under review, the export price posted a resilient increase. As a result, the export price reached the peak level and is likely to continue growth in the immediate term.

There were significant differences in the average prices for the major export markets. In 2021, the country with the highest price was Qatar ($X per unit), while the average price for exports to Saudi Arabia ($X per unit) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was recorded for supplies to Qatar (+17.9%), while the prices for the other major destinations experienced more modest paces of growth.

Wooden Door Imports

Imports into Kuwait

In 2021, the amount of doors and their frames and thresholds of wood imported into Kuwait skyrocketed to X units, jumping by 28% on 2020 figures. Overall, imports showed a resilient increase. The most prominent rate of growth was recorded in 2014 when imports increased by 134% against the previous year. Over the period under review, imports attained the peak figure at X units in 2017; however, from 2018 to 2021, imports stood at a somewhat lower figure.

In value terms, wooden door imports surged to $X in 2021. In general, imports continue to indicate a resilient increase. The pace of growth was the most pronounced in 2014 with an increase of 142%. Imports peaked at $X in 2017; however, from 2018 to 2021, imports stood at a somewhat lower figure.

Imports by Country

China (X units), the United Arab Emirates (X units) and Turkey (X units) were the main suppliers of wooden door imports to Kuwait, together accounting for 84% of total imports. These countries were followed by Canada, Georgia, the United States and Spain, which together accounted for a further 13%.

From 2012 to 2021, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by Canada (with a CAGR of +102.3%), while imports for the other leaders experienced more modest paces of growth.

In value terms, the largest wooden door suppliers to Kuwait were China ($X), the United Arab Emirates ($X) and Turkey ($X), together comprising 71% of total imports. Canada, the United States, Spain and Georgia lagged somewhat behind, together comprising a further 20%.

Canada, with a CAGR of +109.8%, recorded 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

The average wooden door import price stood at $X per unit in 2021, growing by 7.8% against the previous year. Over the period under review, the import price, however, saw a relatively flat trend pattern. The pace of growth was the most pronounced in 2019 an increase of 37% against the previous year. As a result, import price reached the peak level of $X per unit. From 2020 to 2021, the average import prices failed to regain momentum.

Prices varied noticeably country of origin: the country with the highest price was Spain ($X per unit), while the price for Georgia ($X per unit) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Georgia (+8.8%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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