Report Update: May 1, 2024

Kuwait - Tanks, Casks, Drums, Cans, Boxes And Similar Containers - Market Analysis, Forecast, Size, Trends and Insights

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Container Price in Kuwait - 2021

Container Price in Kuwait (CIF) - 2022

In 2022, the average container import price amounted to $0.1 per unit, remaining stable against the previous year. Overall, import price indicated a moderate expansion from 2012 to 2022: its price increased at an average annual rate of +4.5% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, container import price increased by +23.3% against 2016 indices. The growth pace was the most rapid in 2019 when the average import price increased by 45%. The import price peaked in 2022 and is likely to see steady growth in the immediate term.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Egypt ($0.2 per unit), while the price for India ($0.1 per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Italy (+5.3%), while the prices for the other major suppliers experienced more modest paces of growth.

Container Price in Kuwait (FOB) - 2021

The average container export price stood at $95.9 per thousand units in December 2021, growing by 25% against the previous month. Overall, export price indicated a temperate increase from January 2021 to December 2021: its price increased at an average monthly rate of +4.4% over the last eleven-month period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on December 2021 figures, container export price increased by +63.1% against October 2021 indices. The most prominent rate of growth was recorded in February 2021 when the average export price increased by 34% month-to-month. Over the period under review, the average export prices hit record highs at $107 per thousand units in August 2021; however, from September 2021 to December 2021, the export prices failed to regain momentum.

Prices varied noticeably by the country of destination: the country with the highest price was Jordan ($156 per thousand units), while the average price for exports to the United Arab Emirates ($36.0 per thousand units) 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 Qatar (+1.5%), while the prices for the other major destinations experienced more modest paces of growth.

Container Imports in Kuwait

In 2022, approx. 182M units of tanks, casks, drums, cans, boxes and similar containers were imported into Kuwait; which is down by -4.4% on 2021. In general, imports showed a pronounced downturn. The most prominent rate of growth was recorded in 2021 when imports increased by 8.3% against the previous year. Imports peaked at 205M units in 2019; however, from 2020 to 2022, imports stood at a somewhat lower figure.

In value terms, container imports contracted modestly to $24M in 2022. Overall, imports recorded a perceptible reduction. The pace of growth was the most pronounced in 2021 with an increase of 8.2%. Imports peaked at $26M in 2019; however, from 2020 to 2022, imports stood at a somewhat lower figure.

Import of Container in Kuwait (Million USD)
COUNTRY	2019	2020	2021	2022	CAGR, 2019-2022
China	2.2	2.1	2.5	5.5	35.7%
Saudi Arabia	9.9	10.0	5.8	5.0	-20.4%
United Arab Emirates	8.4	7.9	12.8	2.8	-30.7%
India	0.4	0.2	0.1	1.8	65.1%
Italy	3.4	0.3	0.4	1.7	-20.6%
Egypt	N/A	N/A	1.6	1.6	0.0%
Jordan	0.1	0.2	0.3	0.9	108.0%
Others	1.8	2.1	1.2	4.4	34.7%
Total	26.2	22.9	24.7	23.8	-3.2%

Top Suppliers of Container to Kuwait in 2022:

Saudi Arabia (51.6M units)
China (41.2M units)
United Arab Emirates (22.7M units)
India (20.1M units)
Italy (11.7M units)
Egypt (10.3M units)
Jordan (7.5M units)

Container Exports in Kuwait

In 2022, after three years of growth, there was significant decline in shipments abroad of tanks, casks, drums, cans, boxes and similar containers, when their volume decreased by -16.4% to 77M units. In general, exports, however, recorded significant growth. The growth pace was the most rapid in 2021 with an increase of 86%. As a result, the exports attained the peak of 92M units, and then contracted dramatically in the following year.

In value terms, container exports reduced sharply to $7.4M in 2022. Over the period under review, exports, however, saw a significant expansion. The growth pace was the most rapid in 2021 when exports increased by 107%. As a result, the exports reached the peak of $10M, and then shrank markedly in the following year.

Export of Container in Kuwait (Million USD)
COUNTRY	2019	2020	2021	2022	CAGR, 2019-2022
Qatar	3.1	3.4	6.9	6.7	29.3%
Egypt	N/A	N/A	0.1	0.3	200.0%
Saudi Arabia	0.2	N/A	N/A	0.2	0.0%
Iran	0.1	0.1	0.1	0.2	26.0%
Palestine	N/A	0.2	2.4	N/A	1100.0%
India	N/A	0.1	N/A	N/A	0%
Pakistan	N/A	0.3	0.1	N/A	-66.7%
Others	0.1	0.7	0.3	0.1	0.0%
Total	3.5	4.8	10.0	7.4	28.3%

Top Export Markets for Container from Kuwait in 2022:

Qatar (58.6M units)
Egypt (10.1M units)
Saudi Arabia (5.4M units)
Iran (1.6M units)
India (0.1M units)

Source: IndexBox Market Intelligence Platform

This report provides an in-depth analysis of the container 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 25911100 - Tanks, casks, drums, cans... (excluding for gas) of iron or steel, . .50 l, . .300 l
Prodcom 25911200 - Tanks, casks, drums... (excluding for gas) of iron or steel, < .50 l
Prodcom 25921133 - Cans used for preserving food and drink of iron or steel, < .50 l, food cans
Prodcom 25921135 - Cans used for preserving food and drink of iron or steel, < .50 l, drinks
Prodcom 25921150 - Cans other than for preserving food and drink of iron or steel, < .50 l
Prodcom 25921210 - Aluminium collapsible tubular containers of a capacity . .300 litres, for any material except compressed or liquefied gas
Prodcom 25921240 - Casks, drums, cans, boxes and similar containers, of aluminium, for any material (other than compressed or liquefied gas), n.e.s. (other than collapsible tubular containers and containers for aerosols)
Prodcom 25921260 - Aluminium aerosol containers, with a capacity . .300 litres

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