Kuwait: Baby Carriage Market 2024

Baby Carriage Market Size in Kuwait

The Kuwaiti baby carriage market contracted rapidly to $X in 2022, declining by -20.6% 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, however, enjoyed a buoyant increase. Baby carriage consumption peaked at $X in 2021, and then reduced remarkably in the following year.

Baby Carriage Exports

Exports from Kuwait

After three years of decline, shipments abroad of baby carriages increased by 8.6% to X units in 2022. Over the period under review, exports recorded a buoyant expansion. The pace of growth appeared the most rapid in 2016 with an increase of 1,214%. The exports peaked at X units in 2018; however, from 2019 to 2022, the exports failed to regain momentum.

In value terms, baby carriage exports dropped slightly to $X in 2022. Overall, exports recorded significant growth. The pace of growth appeared the most rapid in 2014 with an increase of 1,199%. The exports peaked at $X in 2018; however, from 2019 to 2022, the exports failed to regain momentum.

Exports by Country

Bahrain (X units), Saudi Arabia (X units) and Iran (X units) were the main destinations of baby carriage exports from Kuwait, together comprising 71% of total exports.

From 2012 to 2022, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by Saudi Arabia (with a CAGR of +31.6%), while the other leaders experienced more modest paces of growth.

In value terms, the largest markets for baby carriage exported from Kuwait were Qatar ($X), Saudi Arabia ($X) and the United Arab Emirates ($X), together accounting for 77% of total exports. Bahrain, Iran and Iraq lagged somewhat behind, together accounting for a further 22%.

In terms of the main countries of destination, Iran, with a CAGR of +44.3%, recorded the highest growth rate of the value of exports, over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

In 2022, the average baby carriage export price amounted to $X per unit, reducing by -10.3% against the previous year. Over the period under review, the export price, however, showed a remarkable increase. The most prominent rate of growth was recorded in 2019 when the average export price increased by 254%. The export price peaked at $X per unit in 2021, and then shrank in the following year.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was the United Arab Emirates ($X per unit), while the average price for exports to Iraq ($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 Jordan (+45.6%), while the prices for the other major destinations experienced more modest paces of growth.

Baby Carriage Imports

Imports into Kuwait

In 2022, approx. X units of baby carriages were imported into Kuwait; which is down by -21.1% compared with the year before. Overall, imports, however, continue to indicate tangible growth. The growth pace was the most rapid in 2016 with an increase of 111%. Imports peaked at X units in 2021, and then plummeted in the following year.

In value terms, baby carriage imports dropped significantly to $X in 2022. In general, imports, however, continue to indicate a buoyant increase. The most prominent rate of growth was recorded in 2016 when imports increased by 221% against the previous year. Imports peaked at $X in 2021, and then reduced remarkably in the following year.

Imports by Country

In 2022, China (X units) constituted the largest baby carriage supplier to Kuwait, with a 74% share of total imports. Moreover, baby carriage imports from China exceeded the figures recorded by the second-largest supplier, Taiwan (Chinese) (X units), tenfold. The United States (X units) ranked third in terms of total imports with a 4% share.

From 2012 to 2022, the average annual rate of growth in terms of volume from China amounted to +2.2%. The remaining supplying countries recorded the following average annual rates of imports growth: Taiwan (Chinese) (-1.8% per year) and the United States (+6.8% per year).

In value terms, China ($X) constituted the largest supplier of baby carriages to Kuwait, comprising 62% of total imports. The second position in the ranking was taken by the United Arab Emirates ($X), with an 8.6% share of total imports. It was followed by the United States, with a 7.7% share.

From 2012 to 2022, the average annual rate of growth in terms of value from China totaled +9.3%. The remaining supplying countries recorded the following average annual rates of imports growth: the United Arab Emirates (+52.3% per year) and the United States (+0.1% per year).

Import Prices by Country

In 2022, the average baby carriage import price amounted to $X per unit, approximately equating the previous year. In general, import price indicated temperate growth from 2012 to 2022: its price increased at an average annual rate of +4.8% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, baby carriage import price decreased by -8.0% against 2020 indices. The most prominent rate of growth was recorded in 2016 an increase of 52%. The import price peaked at $X per unit in 2020; however, from 2021 to 2022, import prices failed to regain momentum.

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 the United Arab Emirates ($X per unit), while the price for Taiwan (Chinese) ($X per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by the United Arab Emirates (+14.5%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform