Kuwait: Centrifugal Clothes-Dryer Market 2024

Centrifugal Clothes-Dryer Market Size in Kuwait

The Kuwaiti centrifugal clothes-dryer market skyrocketed to $X in 2021, jumping by 42% 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, continues to indicate a sharp contraction. Centrifugal clothes-dryer consumption peaked at $X in 2012; however, from 2013 to 2021, consumption remained at a lower figure.

Centrifugal Clothes-Dryer Exports

Exports from Kuwait

In 2021, shipments abroad of centrifugal clothes-dryers decreased by 0% to X units, falling for the fourth consecutive year after three years of growth. Over the period under review, exports faced a deep slump. The pace of growth was the most pronounced in 2016 with an increase of 67%. The exports peaked at X units in 2012; however, from 2013 to 2021, the exports stood at a somewhat lower figure.

In value terms, centrifugal clothes-dryer exports fell to $X in 2021. Overall, exports recorded a dramatic decrease. The pace of growth was the most pronounced in 2015 when exports increased by 89% against the previous year. The exports peaked at $X in 2012; however, from 2013 to 2021, the exports remained at a lower figure.

Exports by Country

The United Arab Emirates (X units) was the main destination for centrifugal clothes-dryer exports from Kuwait, accounting for a approx. 100% share of total exports.

From 2012 to 2021, the average annual growth rate of volume to the United Arab Emirates amounted to -16.4%.

In value terms, the United Arab Emirates ($X) also remains the key foreign market for centrifugal clothes-dryers exports from Kuwait.

From 2012 to 2021, the average annual growth rate of value to the United Arab Emirates stood at -19.1%.

Export Prices by Country

In 2021, the average centrifugal clothes-dryer export price amounted to $X per unit, which is down by -13.9% against the previous year. In general, the export price continues to indicate a pronounced setback. The pace of growth was the most pronounced in 2015 an increase of 51% against the previous year. As a result, the export price attained the peak level of $X per unit. From 2016 to 2021, the average export prices remained at a somewhat lower figure.

Average prices varied somewhat for the major external markets. In 2021, 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 Egypt stood at $X per unit.

From 2012 to 2021, the most notable rate of growth in terms of prices was recorded for supplies to the United Arab Emirates (-3.2%), while the prices for the other major destinations experienced a decline.

Centrifugal Clothes-Dryer Imports

Imports into Kuwait

In 2021, the amount of centrifugal clothes-dryers imported into Kuwait skyrocketed to X units, increasing by 25% against the previous year. Over the period under review, imports, however, saw a dramatic decrease. The pace of growth appeared the most rapid in 2020 when imports increased by 58% against the previous year. Imports peaked at X units in 2012; however, from 2013 to 2021, imports failed to regain momentum.

In value terms, centrifugal clothes-dryer imports surged to $X in 2021. Overall, imports, however, showed a sharp descent. The growth pace was the most rapid in 2020 with an increase of 80% against the previous year. Over the period under review, imports reached the maximum at $X in 2012; however, from 2013 to 2021, imports remained at a lower figure.

Imports by Country

In 2021, Turkey (X units) constituted the largest centrifugal clothes-dryer supplier to Kuwait, with a 65% share of total imports. Moreover, centrifugal clothes-dryer imports from Turkey exceeded the figures recorded by the second-largest supplier, Germany (X units), threefold. South Korea (X units) ranked third in terms of total imports with an 8.5% share.

From 2012 to 2021, the average annual rate of growth in terms of volume from Turkey totaled -19.6%. The remaining supplying countries recorded the following average annual rates of imports growth: Germany (-2.0% per year) and South Korea (-13.0% per year).

In value terms, Germany ($X), Turkey ($X) and South Korea ($X) were the largest centrifugal clothes-dryer suppliers to Kuwait, with a combined 94% share of total imports.

In terms of the main suppliers, Germany, with a CAGR of +11.0%, recorded the highest rates of growth with regard to the value of imports, over the period under review, while purchases for the other leaders experienced a decline.

Import Prices by Country

The average centrifugal clothes-dryer import price stood at $X per unit in 2021, with an increase of 16% against the previous year. In general, import price indicated a pronounced expansion from 2012 to 2021: its price increased at an average annual rate of +3.2% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, centrifugal clothes-dryer import price increased by +88.2% against 2016 indices. As a result, import price reached the peak level and is likely to continue growth in the immediate term.

There were significant differences in the average prices amongst the major supplying countries. In 2021, amid the top importers, the country with the highest price was Germany ($X per unit), while the price for South Korea ($X per unit) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Germany (+12.7%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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