Kuwait: Lcds And Plasmas Market 2025

Lcds And Plasmas Market Size in Kuwait

In 2022, the Kuwaiti LCDs and plasmas market increased by 19% to $X for the first time since 2018, thus ending a three-year declining trend. In general, consumption, however, continues to indicate a abrupt contraction. Over the period under review, the market hit record highs at $X in 2012; however, from 2013 to 2022, consumption failed to regain momentum.

Lcds And Plasmas Production in Kuwait

In value terms, LCDs and plasmas production soared to $X in 2022 estimated in export price. Overall, production, however, continues to indicate a deep reduction. The most prominent rate of growth was recorded in 2020 with an increase of 497%. Production peaked at $X in 2012; however, from 2013 to 2022, production failed to regain momentum.

Lcds And Plasmas Exports

Exports from Kuwait

In 2022, shipments abroad of flat panel video monitor, lcd or plasma was finally on the rise to reach X units for the first time since 2018, thus ending a three-year declining trend. Overall, exports saw a resilient increase. The pace of growth was the most pronounced in 2013 when exports increased by 498%. The exports peaked at X units in 2018; however, from 2019 to 2022, the exports stood at a somewhat lower figure.

In value terms, LCDs and plasmas exports soared to $X in 2022. Over the period under review, exports saw a buoyant expansion. The pace of growth was the most pronounced in 2013 when exports increased by 423% against the previous year. Over the period under review, the exports attained the peak figure at $X in 2018; however, from 2019 to 2022, the exports failed to regain momentum.

Exports by Country

Iran (X units) was the main destination for LCDs and plasmas exports from Kuwait, with a 89% share of total exports. Moreover, LCDs and plasmas exports to Iran exceeded the volume sent to the second major destination, Qatar (X units), more than tenfold. The UK (X units) ranked third in terms of total exports with a 2.7% share.

From 2012 to 2022, the average annual rate of growth in terms of volume to Iran totaled +11.5%. Exports to the other major destinations recorded the following average annual rates of exports growth: Qatar (+38.0% per year) and the UK (+7.2% per year).

In value terms, Iran ($X) remains the key foreign market for flat panel video monitor, lcd or plasma exports from Kuwait, comprising 72% of total exports. The second position in the ranking was held by Qatar ($X), with a 12% share of total exports. It was followed by the UK, with a 7.8% share.

From 2012 to 2022, the average annual growth rate of value to Iran amounted to +18.9%. Exports to the other major destinations recorded the following average annual rates of exports growth: Qatar (+36.0% per year) and the UK (+16.3% per year).

Export Prices by Country

The average LCDs and plasmas export price stood at $X per unit in 2022, with an increase of 15% against the previous year. Overall, the export price recorded a strong increase. The pace of growth was the most pronounced in 2018 an increase of 36% against the previous year. Over the period under review, the average export prices reached the maximum in 2022 and is expected to retain growth in the near future.

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 Qatar ($X per unit), while the average price for exports to Germany ($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 the United Arab Emirates (+15.3%), while the prices for the other major destinations experienced more modest paces of growth.

Lcds And Plasmas Imports

Imports into Kuwait

After two years of decline, supplies from abroad of flat panel video monitor, lcd or plasma increased by 3.5% to X units in 2022. In general, imports enjoyed a strong increase. The most prominent rate of growth was recorded in 2017 with an increase of 86% against the previous year. Over the period under review, imports reached the peak figure at X units in 2019; however, from 2020 to 2022, imports failed to regain momentum.

In value terms, LCDs and plasmas imports dropped to $X in 2022. Over the period under review, imports recorded a prominent expansion. The pace of growth was the most pronounced in 2017 when imports increased by 112%. Over the period under review, imports attained the maximum at $X in 2019; however, from 2020 to 2022, imports remained at a lower figure.

Imports by Country

In 2022, China (X units) constituted the largest supplier of LCDs and plasmas to Kuwait, with a 72% share of total imports. Moreover, LCDs and plasmas imports from China exceeded the figures recorded by the second-largest supplier, Vietnam (X units), fourfold. The third position in this ranking was held by Malaysia (X units), with a 2.6% share.

From 2012 to 2022, the average annual growth rate of volume from China amounted to +27.7%. The remaining supplying countries recorded the following average annual rates of imports growth: Vietnam (+103.0% per year) and Malaysia (-19.1% per year).

In value terms, the largest LCDs and plasmas suppliers to Kuwait were China ($X), Malaysia ($X) and Vietnam ($X), with a combined 87% share of total imports.

In terms of the main suppliers, Vietnam, with a CAGR of +113.8%, recorded 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 LCDs and plasmas import price amounted to $X per unit, which is down by -3.5% against the previous year. In general, the import price continues to indicate a relatively flat trend pattern. The growth pace was the most rapid in 2020 an increase of 64%. The import price peaked at $X per unit in 2021, and then declined slightly in the following year.

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 Malaysia ($X per unit), while the price for Portugal ($X per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Malaysia (+32.0%), while the prices for the other major suppliers experienced mixed trend patterns.

Source: IndexBox Platform

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