Kuwait: Market for Electronic Instruments And Machines For Measuring Geometrical Quantities 2025

Market Size for Electronic Instruments And Machines For Measuring Geometrical Quantities in Kuwait

In 2022, the Kuwaiti geometrical quantities electronic measurer market increased by 18% to $X, rising for the second year in a row after two years of decline. In general, consumption recorded a temperate increase. Over the period under review, the market attained the maximum level at $X in 2018; however, from 2019 to 2022, consumption failed to regain momentum.

Exports of Electronic Instruments And Machines For Measuring Geometrical Quantities

Exports from Kuwait

In 2022, the amount of electronic instruments and machines for measuring geometrical quantities exported from Kuwait skyrocketed to X units, jumping by 21% against the previous year. Overall, exports saw a prominent expansion. The growth pace was the most rapid in 2016 with an increase of 1,790%. Over the period under review, the exports reached the peak figure at X units in 2020; however, from 2021 to 2022, the exports remained at a lower figure.

In value terms, geometrical quantities electronic measurer exports soared to $X in 2022. Over the period under review, exports, however, saw a relatively flat trend pattern. The most prominent rate of growth was recorded in 2016 when exports increased by 2,068%. Over the period under review, the exports hit record highs at $X in 2020; however, from 2021 to 2022, the exports stood at a somewhat lower figure.

Exports by Country

The United Arab Emirates (X units) was the main destination for geometrical quantities electronic measurer exports from Kuwait, accounting for a 58% share of total exports. Moreover, geometrical quantities electronic measurer exports to the United Arab Emirates exceeded the volume sent to the second major destination, Saudi Arabia (X units), threefold. Italy (X units) ranked third in terms of total exports with a 6.2% share.

From 2012 to 2022, the average annual rate of growth in terms of volume to the United Arab Emirates totaled +42.1%. Exports to the other major destinations recorded the following average annual rates of exports growth: Saudi Arabia (+22.1% per year) and Italy (+17.8% per year).

In value terms, the largest markets for geometrical quantities electronic measurer exported from Kuwait were the United Arab Emirates ($X), Italy ($X) and Qatar ($X), with a combined 62% share of total exports.

Among the main countries of destination, the United Arab Emirates, with a CAGR of +14.5%, saw the highest growth rate of the value of exports, over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

In 2022, the average geometrical quantities electronic measurer export price amounted to $X per unit, growing by 1.9% against the previous year. Over the period under review, the export price, however, continues to indicate a abrupt decrease. The most prominent rate of growth was recorded in 2015 when the average export price increased by 86%. The export price peaked at $X per unit in 2016; however, from 2017 to 2022, the export prices stood at a somewhat lower figure.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Qatar ($X per unit), while the average price for exports to Switzerland ($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 Qatar (+6.9%), while the prices for the other major destinations experienced a decline.

Imports of Electronic Instruments And Machines For Measuring Geometrical Quantities

Imports into Kuwait

In 2022, purchases abroad of electronic instruments and machines for measuring geometrical quantities increased by 49% to X units, rising for the second year in a row after two years of decline. Over the period under review, imports showed a strong increase. The most prominent rate of growth was recorded in 2015 with an increase of 66%. Imports peaked at X units in 2018; however, from 2019 to 2022, imports failed to regain momentum.

In value terms, geometrical quantities electronic measurer imports shrank slightly to $X in 2022. Overall, imports recorded a relatively flat trend pattern. The pace of growth was the most pronounced in 2017 with an increase of 82%. Imports peaked at $X in 2018; however, from 2019 to 2022, imports stood at a somewhat lower figure.

Imports by Country

In 2022, Italy (X units) constituted the largest supplier of geometrical quantities electronic measurer to Kuwait, with a 72% share of total imports. Moreover, geometrical quantities electronic measurer imports from Italy exceeded the figures recorded by the second-largest supplier, the United States (X units), more than tenfold. China (X units) ranked third in terms of total imports with a 4.5% share.

From 2012 to 2022, the average annual growth rate of volume from Italy totaled +51.7%. The remaining supplying countries recorded the following average annual rates of imports growth: the United States (+5.9% per year) and China (-8.6% per year).

In value terms, Italy ($X) constituted the largest supplier of electronic instruments and machines for measuring geometrical quantities to Kuwait, comprising 66% of total imports. The second position in the ranking was held by the United States ($X), with a 7.7% share of total imports. It was followed by Germany, with a 5.1% share.

From 2012 to 2022, the average annual growth rate of value from Italy stood at +50.7%. The remaining supplying countries recorded the following average annual rates of imports growth: the United States (+4.0% per year) and Germany (-17.5% per year).

Import Prices by Country

In 2022, the average geometrical quantities electronic measurer import price amounted to $X per unit, dropping by -34% against the previous year. Overall, the import price saw a abrupt shrinkage. The most prominent rate of growth was recorded in 2017 an increase of 18% against the previous year. 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 the UK ($X per unit), while the price for Turkey ($X per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Oman (+6.3%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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