Kuwait: Electrical Signalling Apparatus Market 2025

Electrical Signalling Apparatus Market Size in Kuwait

The Kuwaiti electrical signalling apparatus market dropped markedly to $X in 2022, which is down by -25.2% 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, continues to indicate temperate growth. Over the period under review, the market hit record highs at $X in 2017; however, from 2018 to 2022, consumption remained at a lower figure.

Electrical Signalling Apparatus Exports

Exports from Kuwait

In 2022, the amount of electrical apparatus for sound or visual signalling exported from Kuwait amounted to X units, growing by 5.7% against the previous year. Over the period under review, exports recorded a buoyant expansion. The most prominent rate of growth was recorded in 2015 with an increase of 1,008% against the previous year. As a result, the exports attained the peak of X units. From 2016 to 2022, the growth of the exports failed to regain momentum.

In value terms, electrical signalling apparatus exports fell slightly to $X in 2022. Overall, exports enjoyed a perceptible increase. The most prominent rate of growth was recorded in 2015 with an increase of 1,171%. As a result, the exports reached the peak of $X. From 2016 to 2022, the growth of the exports failed to regain momentum.

Exports by Country

Jordan (X units) was the main destination for electrical signalling apparatus exports from Kuwait, accounting for a 51% share of total exports. Moreover, electrical signalling apparatus exports to Jordan exceeded the volume sent to the second major destination, the United Arab Emirates (X units), twofold. The third position in this ranking was held by Qatar (X units), with a 14% share.

From 2012 to 2022, the average annual rate of growth in terms of volume to Jordan stood at +63.3%. Exports to the other major destinations recorded the following average annual rates of exports growth: the United Arab Emirates (+0.4% per year) and Qatar (+48.5% per year).

In value terms, Jordan ($X) remains the key foreign market for electrical apparatus for sound or visual signalling exports from Kuwait, comprising 58% of total exports. The second position in the ranking was held by the United Arab Emirates ($X), with an 8.6% share of total exports. It was followed by Qatar, with an 8.5% share.

From 2012 to 2022, the average annual growth rate of value to Jordan stood at +77.9%. Exports to the other major destinations recorded the following average annual rates of exports growth: the United Arab Emirates (-10.9% per year) and Qatar (+30.7% per year).

Export Prices by Country

The average electrical signalling apparatus export price stood at $X per unit in 2022, shrinking by -8.2% against the previous year. Overall, the export price saw a noticeable setback. The growth pace was the most rapid in 2019 when the average export price increased by 69% against the previous year. Over the period under review, the average export prices attained the maximum at $X per unit in 2012; however, from 2013 to 2022, the export prices stood at a somewhat lower figure.

There were significant differences in the average prices for the major external markets. In 2022, amid the top suppliers, the country with the highest price was Iraq ($X per unit), while the average price for exports to the United Arab Emirates ($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 (+8.9%), while the prices for the other major destinations experienced mixed trend patterns.

Electrical Signalling Apparatus Imports

Imports into Kuwait

In 2022, approx. X units of electrical apparatus for sound or visual signalling were imported into Kuwait; shrinking by -27.1% on 2021 figures. Over the period under review, imports, however, saw strong growth. The pace of growth was the most pronounced in 2021 when imports increased by 64%. Over the period under review, imports reached the peak figure at X units in 2019; however, from 2020 to 2022, imports stood at a somewhat lower figure.

In value terms, electrical signalling apparatus imports fell significantly to $X in 2022. In general, imports, however, saw a relatively flat trend pattern. The most prominent rate of growth was recorded in 2021 with an increase of 55% against the previous year. Over the period under review, imports attained the peak figure at $X in 2017; however, from 2018 to 2022, imports stood at a somewhat lower figure.

Imports by Country

Spain (X units), South Korea (X units) and Mexico (X units) were the main suppliers of electrical signalling apparatus imports to Kuwait, with a combined 54% share of total imports. China, the United States, Taiwan (Chinese), Germany, Saudi Arabia, France, the Netherlands, Vietnam and the UK lagged somewhat behind, together accounting for a further 35%.

From 2012 to 2022, the biggest increases were recorded for Saudi Arabia (with a CAGR of +54.2%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, the United States ($X) constituted the largest supplier of electrical apparatus for sound or visual signalling to Kuwait, comprising 23% of total imports. The second position in the ranking was held by Mexico ($X), with a 9.2% share of total imports. It was followed by Vietnam, with an 8.1% share.

From 2012 to 2022, the average annual rate of growth in terms of value from the United States stood at +8.5%. The remaining supplying countries recorded the following average annual rates of imports growth: Mexico (+6.7% per year) and Vietnam (+15.8% per year).

Import Prices by Country

In 2022, the average electrical signalling apparatus import price amounted to $X per unit, growing by 13% against the previous year. In general, the import price, however, saw a deep downturn. The most prominent rate of growth was recorded in 2016 an increase of 13% against the previous year. Over the period under review, average import prices attained the peak figure at $X per unit in 2012; however, from 2013 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 Vietnam ($X per unit), while the price for Spain ($X per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Saudi Arabia (+7.2%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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