Key Market Indicators
Kuwaiti plastic exports are projected to decline to approximately $381 million by 2028, a significant drop from the $570 million expected in 2023. This marks an average annual decrease of 6.3%. Historical data shows that since 2005, Kuwait's supply of plastic has been contracting at an average rate of 6.8% per year. In contrast, Kuwaiti plastic imports are on the rise. By 2028, imports are forecasted to reach nearly $1.15 billion, up from around $998 million in 2023. This represents an average annual growth rate of 2.2%. Since 2005, the demand for plastic in Kuwait has seen consistent growth, increasing by an average of 3% each year.
