Kuwait: Electric Soldering Iron Market 2025

Electric Soldering Iron Market Size in Kuwait

The Kuwaiti electric soldering iron market fell to $X in 2022, reducing 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). Overall, consumption, however, enjoyed a prominent expansion. Over the period under review, the market attained the peak level at $X in 2019; however, from 2020 to 2022, consumption remained at a lower figure.

Electric Soldering Iron Exports

Exports from Kuwait

In 2022, after three years of decline, there was significant growth in shipments abroad of electric soldering irons and guns, when their volume increased by X% to X units. Overall, exports, however, recorded a precipitous slump. The pace of growth was the most pronounced in 2018 with an increase of X%. Over the period under review, the exports hit record highs at X units in 2012; however, from 2013 to 2022, the exports remained at a lower figure.

In value terms, electric soldering iron exports soared to $X in 2022. In general, exports, however, showed a precipitous descent. The pace of growth appeared the most rapid in 2018 when exports increased by X%. Over the period under review, the exports hit record highs at $X in 2014; however, from 2015 to 2022, the exports remained at a lower figure.

Exports by Country

The United Arab Emirates (X units), Saudi Arabia (X units) and Germany (X units) were the main destinations of electric soldering iron exports from Kuwait, together accounting for X% of total exports. Sudan lagged somewhat behind, comprising a further X%. Moreover, electric soldering iron exports in the United Arab Emirates exceeded the figures recorded by the second-largest exporter, Saudi Arabia, twofold.

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

In value terms, Saudi Arabia ($X) remains the key foreign market for electric soldering irons and guns exports from Kuwait, comprising X% of total exports. The second position in the ranking was taken by Germany ($X), with a X% share of total exports. It was followed by the United Arab Emirates, with an X% share.

From 2012 to 2022, the average annual growth rate of value to Saudi Arabia stood at X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Germany (X% per year) and the United Arab Emirates (X% per year).

Export Prices by Country

The average electric soldering iron export price stood at $X per unit in 2022, picking up by X% against the previous year. Over the period under review, the export price showed significant growth. The growth pace was the most rapid in 2020 when the average export price increased by X%. As a result, the export price attained the peak level of $X per unit. From 2021 to 2022, the average export prices failed to regain momentum.

There were significant differences in the average prices for the major foreign markets. In 2022, amid the top suppliers, the country with the highest price was Saudi Arabia ($X per unit), while the average price for exports to Sudan ($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 Germany (X%), while the prices for the other major destinations experienced more modest paces of growth.

Electric Soldering Iron Imports

Imports into Kuwait

In 2022, approx. X units of electric soldering irons and guns were imported into Kuwait; with a decrease of X% against the previous year's figure. Overall, imports, however, recorded strong growth. The pace of growth was the most pronounced in 2019 with an increase of X% against the previous year. As a result, imports reached the peak of X units. From 2020 to 2022, the growth of imports failed to regain momentum.

In value terms, electric soldering iron imports reduced to $X in 2022. In general, imports, however, recorded a resilient expansion. The most prominent rate of growth was recorded in 2017 with an increase of X% against the previous year. Over the period under review, imports hit record highs at $X in 2019; however, from 2020 to 2022, imports failed to regain momentum.

Imports by Country

In 2022, the United States (X units) constituted the largest electric soldering iron supplier to Kuwait, accounting for a X% share of total imports. Moreover, electric soldering iron imports from the United States exceeded the figures recorded by the second-largest supplier, China (X units), fivefold. The United Arab Emirates (X units) ranked third in terms of total imports with a X% share.

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

In value terms, China ($X), Bahrain ($X) and the United States ($X) were the largest electric soldering iron suppliers to Kuwait, with a combined X% share of total imports.

In terms of the main suppliers, Bahrain, with a CAGR of X%, saw the highest rates of growth with regard to 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

In 2022, the average electric soldering iron import price amounted to $X per unit, falling by X% against the previous year. Overall, the import price showed a relatively flat trend pattern. The growth pace was the most rapid in 2013 when the average import price increased by X%. The import price peaked at $X per unit in 2018; however, from 2019 to 2022, import prices remained at a 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 Turkey ($X per unit), while the price for the United States ($X per unit) was amongst the lowest.

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

Source: IndexBox Platform

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