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 was finally on the rise to reach $X in 2021, after three years of decline. In general, consumption recorded a relatively flat trend pattern. As a result, consumption reached the peak level of $X. From 2018 to 2021, the growth of the market failed to regain momentum.

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

Exports from Kuwait

In 2021, shipments abroad of domestic, non-electric, cooking or heating appliances decreased by -28.8% to X tons, falling for the second year in a row after two years of growth. Overall, exports, however, recorded a buoyant expansion. The most prominent rate of growth was recorded in 2013 with an increase of 158%. Over the period under review, the exports of attained the maximum at X tons in 2019; however, from 2020 to 2021, the exports remained at a lower figure.

In value terms, exports of domestic, non-electric, cooking or heating appliances contracted to $X in 2021. In general, exports, however, posted prominent growth. The growth pace was the most rapid in 2019 when exports increased by 119%. As a result, the exports reached the peak of $X. From 2020 to 2021, the growth of the exports of remained at a somewhat lower figure.

Exports by Country

Qatar (X tons), Lebanon (X tons) and the United Arab Emirates (X tons) were the main destinations of exports of domestic, non-electric, cooking or heating appliances from Kuwait, together accounting for 89% of total exports.

From 2012 to 2021, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by Qatar (with a CAGR of +116.7%), while the other leaders experienced more modest paces of growth.

In value terms, Qatar ($X) remains the key foreign market for domestic, non-electric, cooking or heating appliances exports from Kuwait, comprising 65% of total exports. The second position in the ranking was held by Lebanon ($X), with a 16% share of total exports. It was followed by the United Arab Emirates, with a 7.6% share.

From 2012 to 2021, the average annual growth rate of value to Qatar stood at +146.4%. Exports to the other major destinations recorded the following average annual rates of exports growth: Lebanon (+56.5% per year) and the United Arab Emirates (+71.8% per year).

Export Prices by Country

In 2021, the average export price for domestic, non-electric, cooking or heating appliances amounted to $X per ton, surging by 38% against the previous year. Over the period under review, the export price, however, recorded a slight decrease. Over the period under review, the average export prices attained the maximum at $X per ton in 2012; however, from 2013 to 2021, the export prices remained at a lower figure.

There were significant differences in the average prices for the major overseas markets. In 2021, the country with the highest price was Bahrain ($X per ton), while the average price for exports to Lebanon ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was recorded for supplies to the United Arab Emirates (+18.9%), while the prices for the other major destinations experienced more modest paces of growth.

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

Imports into Kuwait

Imports of domestic, non-electric, cooking or heating appliances into Kuwait amounted to X tons in 2021, standing approx. at the previous year's figure. The total import volume increased at an average annual rate of +1.6% from 2012 to 2021; the trend pattern remained consistent, with somewhat noticeable fluctuations being recorded throughout the analyzed period. The pace of growth was the most pronounced in 2016 when imports increased by 21% against the previous year. Imports peaked at X tons in 2017; however, from 2018 to 2021, imports remained at a lower figure.

In value terms, imports of domestic, non-electric, cooking or heating appliances amounted to $X in 2021. Overall, imports recorded a relatively flat trend pattern. The pace of growth appeared the most rapid in 2017 with an increase of 19%. As a result, imports reached the peak of $X. From 2018 to 2021, the growth of imports of failed to regain momentum.

Imports by Country

China (X tons), Italy (X tons) and Turkey (X tons) were the main suppliers of imports of domestic, non-electric, cooking or heating appliances to Kuwait, together accounting for 80% of total imports.

From 2012 to 2021, the biggest increases were recorded for Italy (with a CAGR of +97.0%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, Italy ($X) constituted the largest supplier of domestic, non-electric, cooking or heating appliances to Kuwait, comprising 46% of total imports. The second position in the ranking was held by Turkey ($X), with a 17% share of total imports. It was followed by China, with a 17% share.

From 2012 to 2021, the average annual growth rate of value from Italy totaled +78.0%. The remaining supplying countries recorded the following average annual rates of imports growth: Turkey (+60.4% per year) and China (+22.9% per year).

Import Prices by Country

The average import price for domestic, non-electric, cooking or heating appliances stood at $X per ton in 2021, leveling off at the previous year. In general, the import price, however, recorded a relatively flat trend pattern. The most prominent rate of growth was recorded in 2017 when the average import price increased by 9.8% against the previous year. Over the period under review, average import prices reached the peak figure at $X per ton in 2014; however, from 2015 to 2021, import prices remained at a lower figure.

There were significant differences in the average prices amongst the major supplying countries. In 2021, the country with the highest price was Italy ($X per ton), while the price for China ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by the United Arab Emirates (-4.2%), while the prices for the other major suppliers experienced a decline.

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :