Kuwait: Ignition Magneto Market 2025

Ignition Magneto Market Size in Kuwait

In 2021, the Kuwaiti ignition magneto market decreased by -0.9% to $X, falling for the third year in a row after two years of growth. In general, consumption saw a drastic downturn. The growth pace was the most rapid in 2018 when the market value increased by 8.1%. Ignition magneto consumption peaked at $X in 2012; however, from 2013 to 2021, consumption remained at a lower figure.

Ignition Magneto Production in Kuwait

In value terms, ignition magneto production expanded modestly to $X in 2021 estimated in export price. In general, production, however, saw a abrupt decrease. The most prominent rate of growth was recorded in 2018 when the production volume increased by 15%. Over the period under review, production attained the peak level at $X in 2012; however, from 2013 to 2021, production remained at a lower figure.

Ignition Magneto Exports

Exports from Kuwait

In 2021, overseas shipments of ignition magnetos, magneto-dynamos and magnetic flywheels decreased by -67% to X units for the first time since 2018, thus ending a two-year rising trend. In general, exports showed a pronounced downturn. The pace of growth was the most pronounced in 2020 when exports increased by 374%. As a result, the exports attained the peak of X units, and then fell notably in the following year.

In value terms, ignition magneto exports totaled $X in 2021. Over the period under review, exports showed a abrupt curtailment. The most prominent rate of growth was recorded in 2015 when exports increased by 58% against the previous year. Over the period under review, the exports attained the peak figure at $X in 2016; however, from 2017 to 2021, the exports remained at a lower figure.

Exports by Country

The United Arab Emirates (X units) was the main destination for ignition magneto exports from Kuwait, accounting for a 98% share of total exports. It was followed by Iran (X units), with a 2.1% share of total exports.

From 2012 to 2021, the average annual growth rate of volume to the United Arab Emirates was relatively modest.

In value terms, the United Arab Emirates ($X) remains the key foreign market for ignition magnetos, magneto-dynamos and magnetic flywheels exports from Kuwait, comprising 99% of total exports. The second position in the ranking was taken by Saudi Arabia ($X), with a 0.9% share of total exports. It was followed by Iran, with a 0.4% share.

From 2012 to 2021, the average annual growth rate of value to the United Arab Emirates totaled -11.3%. Exports to the other major destinations recorded the following average annual rates of exports growth: Saudi Arabia (-39.6% per year) and Iran (-31.4% per year).

Export Prices by Country

In 2021, the average ignition magneto export price amounted to $X per unit, picking up by 204% against the previous year. Overall, the export price, however, saw a deep slump. Over the period under review, the average export prices reached the peak figure at $X per unit in 2017; however, from 2018 to 2021, the export prices stood at a somewhat lower figure.

Prices varied noticeably country of destination: the country with the highest price was Saudi Arabia ($X per unit), while the average price for exports to Iran ($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 Saudi Arabia (-1.0%), while the prices for the other major destinations experienced a decline.

Ignition Magneto Imports

Imports into Kuwait

Ignition magneto imports into Kuwait dropped markedly to X units in 2021, reducing by -67.2% compared with 2020 figures. Over the period under review, imports showed a noticeable setback. The most prominent rate of growth was recorded in 2015 when imports increased by 989% against the previous year. As a result, imports attained the peak of X units. From 2016 to 2021, the growth of imports remained at a somewhat lower figure.

In value terms, ignition magneto imports contracted rapidly to $X in 2021. Overall, imports recorded a relatively flat trend pattern. The pace of growth appeared the most rapid in 2015 with an increase of 912% against the previous year. Imports peaked at $X in 2017; however, from 2018 to 2021, imports failed to regain momentum.

Imports by Country

Spain (X units), Japan (X units) and China (X units) were the main suppliers of ignition magneto imports to Kuwait, with a combined 74% share of total imports. These countries were followed by Thailand, Mexico, the United Arab Emirates, Belgium, India, Hungary and the United States, which together accounted for a further 19%.

From 2012 to 2021, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by India (with a CAGR of +68.6%), while imports for the other leaders experienced more modest paces of growth.

In value terms, the largest ignition magneto suppliers to Kuwait were Spain ($X), Japan ($X) and India ($X), together accounting for 55% of total imports.

Among the main suppliers, India, with a CAGR of +91.5%, saw the highest growth rate of 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 2021, the average ignition magneto import price amounted to $X per unit, surging by 20% against the previous year. Over the period under review, import price indicated a tangible expansion from 2012 to 2021: its price increased at an average annual rate of +2.7% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, ignition magneto import price decreased by -20.2% against 2018 indices. The pace of growth appeared the most rapid in 2017 an increase of 22% against the previous year. The import price peaked at $X per unit in 2018; however, from 2019 to 2021, import prices remained at a lower figure.

Prices varied noticeably country of origin: the country with the highest price was India ($X per unit), while the price for the United Arab Emirates ($X per unit) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Hungary (+11.2%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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