Kuwait: Automotive Lighting Market 2024

Automotive Lighting Market Size in Kuwait

The Kuwaiti automotive lighting market surged to $X in 2021, growing by 21% 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, consumption, however, recorded a pronounced descent. Over the period under review, the market attained the peak level at $X in 2012; however, from 2013 to 2021, consumption failed to regain momentum.

Automotive Lighting Exports

Exports from Kuwait

After two years of decline, overseas shipments of automotive lighting increased by 172% to X units in 2021. In general, exports, however, recorded a sharp contraction. The growth pace was the most rapid in 2018 when exports increased by 2,490%. As a result, the exports attained the peak of X units. From 2019 to 2021, the growth of the exports remained at a lower figure.

In value terms, automotive lighting exports surged to $X in 2021. Over the period under review, exports, however, showed a deep slump. The most prominent rate of growth was recorded in 2018 when exports increased by 3,636% against the previous year. As a result, the exports attained the peak of $X. From 2019 to 2021, the growth of the exports remained at a lower figure.

Exports by Country

Australia (X units), Iraq (X units) and the United Arab Emirates (X units) were the main destinations of automotive lighting exports from Kuwait, with a combined 71% share of total exports.

From 2012 to 2021, the biggest increases were recorded for the United Arab Emirates (with a CAGR of +41.8%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, Australia ($X) emerged as the key foreign market for automotive lighting exports from Kuwait, comprising 42% of total exports. The second position in the ranking was taken by the United Arab Emirates ($X), with a 13% share of total exports. It was followed by Iraq, with a 7.9% share.

From 2012 to 2021, the average annual growth rate of value to Australia amounted to +30.2%. Exports to the other major destinations recorded the following average annual rates of exports growth: the United Arab Emirates (+46.9% per year) and Iraq (+6.9% per year).

Export Prices by Country

The average automotive lighting export price stood at $X per unit in 2021, rising by 8.2% against the previous year. Over the period under review, the export price enjoyed a prominent expansion. The most prominent rate of growth was recorded in 2017 an increase of 59% against the previous year. Over the period under review, the average export prices hit record highs at $X per unit in 2018; however, from 2019 to 2021, the export prices failed to regain momentum.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Sweden ($X per unit), while the average price for exports to Iraq ($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 (+34.2%), while the prices for the other major destinations experienced more modest paces of growth.

Automotive Lighting Imports

Imports into Kuwait

In 2021, the amount of automotive lighting imported into Kuwait skyrocketed to X units, jumping by 46% on the year before. Overall, imports, however, showed a deep setback. Imports peaked at X units in 2012; however, from 2013 to 2021, imports stood at a somewhat lower figure.

In value terms, automotive lighting imports soared to $X in 2021. Over the period under review, imports, however, showed a pronounced contraction. Imports peaked at $X in 2012; however, from 2013 to 2021, imports stood at a somewhat lower figure.

Imports by Country

China (X units), Taiwan (Chinese) (X units) and Japan (X units) were the main suppliers of automotive lighting imports to Kuwait, together comprising 71% of total imports. These countries were followed by Thailand, India, the United States, Slovenia, Canada, Egypt, Ireland, Turkey, Germany and the United Arab Emirates, which together accounted for a further 20%.

From 2012 to 2021, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by Slovenia (with a CAGR of +85.1%), while imports for the other leaders experienced more modest paces of growth.

In value terms, the largest automotive lighting suppliers to Kuwait were China ($X), Taiwan (Chinese) ($X) and the United States ($X), with a combined 51% share of total imports. Japan, Thailand, Germany, Slovenia, Ireland, India, Canada, Turkey, Egypt and the United Arab Emirates lagged somewhat behind, together accounting for a further 24%.

In terms of the main suppliers, Slovenia, with a CAGR of +76.8%, saw the highest growth rate of the value of imports, over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

The average automotive lighting import price stood at $X per unit in 2021, shrinking by -18.8% against the previous year. Over the period under review, import price indicated a resilient increase from 2012 to 2021: its price increased at an average annual rate of +5.1% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, automotive lighting import price increased by +63.7% against 2014 indices. The pace of growth was the most pronounced in 2018 an increase of 36%. Over the period under review, average import prices attained the peak figure at $X per unit in 2020, and then contracted markedly in the following year.

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

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by the United States (+23.3%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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