Kuwait: Market for Domestic, Non-Electric, Cooking Or Heating Appliances 2024

Market Size for Domestic, Non-Electric, Cooking Or Heating Appliances in Kuwait

The Kuwaiti market for domestic, non-electric, cooking or heating appliances shrank dramatically to $X in 2022, which is down by X% 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). In general, the total consumption indicated perceptible growth from 2012 to 2022: its value increased at an average annual rate of X% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, consumption increased by X% against 2020 indices. As a result, consumption reached the peak level of $X, and then contracted markedly in the following year.

Exports of Domestic, Non-Electric, Cooking Or Heating Appliances

Exports from Kuwait

After two years of decline, overseas shipments of domestic, non-electric, cooking or heating appliances increased by X% to X units in 2022. Over the period under review, exports, however, recorded a deep contraction. The pace of growth appeared the most rapid in 2017 with an increase of X% against the previous year. Over the period under review, the exports of attained the maximum at X units in 2012; however, from 2013 to 2022, the exports remained at a lower figure.

In value terms, exports of domestic, non-electric, cooking or heating appliances declined remarkably to $X in 2022. Overall, exports, however, continue to indicate a abrupt curtailment. The pace of growth appeared the most rapid in 2018 when exports increased by X%. The exports peaked at $X in 2012; however, from 2013 to 2022, the exports remained at a lower figure.

Exports by Country

Qatar (X units), Lebanon (X units) and the United Arab Emirates (X units) were the main destinations of exports of domestic, non-electric, cooking or heating appliances from Kuwait.

From 2012 to 2022, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by Qatar (with a CAGR of X%), while the other leaders experienced more modest paces of growth.

In value terms, Qatar ($X) remains the key foreign market for domestic, non-electric, cooking or heating appliances exports from Kuwait, comprising X% of total exports. The second position in the ranking was taken by Lebanon ($X), with a X% share of total exports. It was followed by the United Arab Emirates, with a X% share.

From 2012 to 2022, the average annual rate of growth in terms of value to Qatar amounted to X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Lebanon (X% per year) and the United Arab Emirates (X% per year).

Export Prices by Country

In 2022, the average export price for domestic, non-electric, cooking or heating appliances amounted to $X per unit, waning by X% against the previous year. In general, the export price showed a slight decrease. The most prominent rate of growth was recorded in 2018 when the average export price increased by X% against the previous year. Over the period under review, the average export prices hit record highs at $X per unit in 2016; however, from 2017 to 2022, the export prices stood at a somewhat lower figure.

There were significant differences in the average prices for the major export markets. In 2022, amid the top suppliers, the country with the highest price was Bahrain ($X per unit), while the average price for exports to Lebanon ($X 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 the United Arab Emirates (X%), while the prices for the other major destinations experienced more modest paces of growth.

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Imports of Domestic, Non-Electric, Cooking Or Heating Appliances

Imports into Kuwait

In 2022, imports of domestic, non-electric, cooking or heating appliances into Kuwait fell dramatically to X units, which is down by X% compared with the previous year. Overall, total imports indicated resilient growth from 2012 to 2022: its volume increased at an average annual rate of X% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by X% against 2020 indices. The pace of growth appeared the most rapid in 2021 when imports increased by X% against the previous year. As a result, imports reached the peak of X units, and then reduced remarkably in the following year.

In value terms, imports of domestic, non-electric, cooking or heating appliances declined significantly to $X in 2022. Over the period under review, total imports indicated a perceptible expansion from 2012 to 2022: its value increased at an average annual rate of X% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by X% against 2019 indices. The pace of growth was the most pronounced in 2021 when imports increased by X%. As a result, imports attained the peak of $X, and then dropped remarkably in the following year.

Imports by Country

China (X units), Italy (X units) and Turkey (X units) were the main suppliers of imports of domestic, non-electric, cooking or heating appliances to Kuwait.

From 2012 to 2022, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by Italy (with a CAGR of X%), while imports for the other leaders experienced more modest paces of growth.

In value terms, Italy ($X) constituted the largest supplier of domestic, non-electric, cooking or heating appliances to Kuwait, comprising X% of total imports. The second position in the ranking was taken by China ($X), with a X% share of total imports. It was followed by Turkey, with a X% share.

From 2012 to 2022, the average annual rate of growth in terms of value from Italy amounted to X%. The remaining supplying countries recorded the following average annual rates of imports growth: China (X% per year) and Turkey (X% per year).

Import Prices by Country

In 2022, the average import price for domestic, non-electric, cooking or heating appliances amounted to $X per unit, remaining constant against the previous year. Overall, the import price, however, showed a slight decline. The most prominent rate of growth was recorded in 2020 an increase of X%. Over the period under review, average import prices reached the maximum at $X per unit in 2012; however, from 2013 to 2022, import prices stood at a somewhat lower figure.

There were significant differences in the average prices amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was Italy ($X per unit), while the price for the United Arab Emirates ($X per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Egypt (X%), while the prices for the other major suppliers experienced a decline.

Source: IndexBox Platform

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