Kuwait: Calculator Market 2024

Calculator Market Size in Kuwait

The Kuwaiti calculator market shrank dramatically to $X in 2021, declining by -54.8% 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, recorded a pronounced increase. Calculator consumption peaked at $X in 2014; however, from 2015 to 2021, consumption remained at a lower figure.

Calculator Exports

Exports from Kuwait

In 2021, the amount of electronic calculators and pocket-size data recording, reproducing and displaying machines with calculating functions exported from Kuwait plummeted to X units, which is down by -23.2% against the previous year's figure. Over the period under review, exports, however, continue to indicate a temperate expansion. The most prominent rate of growth was recorded in 2017 when exports increased by 10,197%. As a result, the exports attained the peak of X units. From 2018 to 2021, the growth of the exports remained at a somewhat lower figure.

In value terms, calculator exports dropped dramatically to $X in 2021. Overall, exports, however, posted modest growth. The pace of growth was the most pronounced in 2019 with an increase of 862%. As a result, the exports attained the peak of $X. From 2020 to 2021, the growth of the exports remained at a lower figure.

Exports by Country

Qatar (X units), Lebanon (X units) and Saudi Arabia (X units) were the main destinations of calculator exports from Kuwait, with a combined 84% share 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 +30.5%), while the other leaders experienced more modest paces of growth.

In value terms, Bahrain ($X) remains the key foreign market for electronic calculators and pocket-size data recording, reproducing and displaying machines with calculating functions exports from Kuwait, comprising 51% of total exports. The second position in the ranking was held by Saudi Arabia ($X), with a 25% share of total exports. It was followed by the United Arab Emirates, with a 14% share.

From 2012 to 2021, the average annual growth rate of value to Bahrain amounted to +7.4%. Exports to the other major destinations recorded the following average annual rates of exports growth: Saudi Arabia (+25.3% per year) and the United Arab Emirates (-13.6% per year).

Export Prices by Country

The average calculator export price stood at $X per unit in 2021, dropping by -1.6% against the previous year. Over the period under review, the export price recorded a slight shrinkage. The pace of growth appeared the most rapid in 2018 when the average export price increased by 5,971%. The export price peaked at $X per unit in 2016; however, from 2017 to 2021, the export prices remained at a lower figure.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Bahrain ($X per unit), while the average price for exports to Lebanon ($X per unit) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was recorded for supplies to Bahrain (+22.1%), while the prices for the other major destinations experienced more modest paces of growth.

Calculator Imports

Imports into Kuwait

Calculator imports into Kuwait fell markedly to X units in 2021, with a decrease of -55.8% on the previous year. In general, imports, however, saw a relatively flat trend pattern. The most prominent rate of growth was recorded in 2013 when imports increased by 476% against the previous year. Over the period under review, imports hit record highs at X units in 2014; however, from 2015 to 2021, imports failed to regain momentum.

In value terms, calculator imports dropped significantly to $X in 2021. Over the period under review, imports, however, continue to indicate a notable expansion. The growth pace was the most rapid in 2013 with an increase of 308%. Imports peaked at $X in 2014; however, from 2015 to 2021, imports stood at a somewhat lower figure.

Imports by Country

China (X units), the United Arab Emirates (X units) and Hong Kong SAR (X units) were the main suppliers of calculator imports to Kuwait, with a combined 75% share of total imports.

From 2012 to 2021, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by the United Arab Emirates (with a CAGR of +25.3%), while imports for the other leaders experienced more modest paces of growth.

In value terms, China ($X) constituted the largest supplier of electronic calculators and pocket-size data recording, reproducing and displaying machines with calculating functions to Kuwait, comprising 42% of total imports. The second position in the ranking was taken by Hong Kong SAR ($X), with a 12% share of total imports. It was followed by the Philippines, with a 10% share.

From 2012 to 2021, the average annual rate of growth in terms of value from China amounted to +3.3%. The remaining supplying countries recorded the following average annual rates of imports growth: Hong Kong SAR (+5.8% per year) and the Philippines (+5.1% per year).

Import Prices by Country

In 2021, the average calculator import price amounted to $X per unit, with an increase of 4.3% against the previous year. Over the period under review, the import price showed a temperate expansion. The growth pace was the most rapid in 2015 when the average import price increased by 86%. Over the period under review, average import prices attained the maximum at $X per unit in 2017; however, from 2018 to 2021, import prices failed to regain momentum.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Thailand ($X per unit), while the price for Japan ($X per unit) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by China (+10.2%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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