Kuwait: Market for Instruments for Measuring Electrical Quantities 2024

Market Size for Instruments for Measuring Electrical Quantities in Kuwait

In 2021, the Kuwaiti market for instruments for measuring electrical quantities increased by 203% to $X, rising for the second year in a row after two years of decline. Over the period under review, consumption, however, recorded a deep reduction. Over the period under review, the market reached the maximum level at $X in 2012; however, from 2013 to 2021, consumption stood at a somewhat lower figure.

Exports of Instruments for Measuring Electrical Quantities

Exports from Kuwait

Instruments for measuring electrical quantities exports from Kuwait fell dramatically to X units in 2021, waning by -82.5% against the previous year. In general, exports, however, showed strong growth. The pace of growth was the most pronounced in 2013 with an increase of 704% against the previous year. Over the period under review, the exports hit record highs at X units in 2014; however, from 2015 to 2021, the exports failed to regain momentum.

In value terms, instruments for measuring electrical quantities exports dropped markedly to $X in 2021. Over the period under review, exports saw a relatively flat trend pattern. The pace of growth was the most pronounced in 2013 with an increase of 740%. The exports peaked at $X in 2018; however, from 2019 to 2021, the exports failed to regain momentum.

Exports by Country

Germany (X units), Oman (X units) and Saudi Arabia (X units) were the main destinations of instruments for measuring electrical quantities exports from Kuwait, together comprising 78% 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 Oman (with a CAGR of +49.5%), while the other leaders experienced more modest paces of growth.

In value terms, Germany ($X) emerged as the key foreign market for instruments for measuring electrical quantities exports from Kuwait, comprising 57% of total exports. The second position in the ranking was held by Oman ($X), with a 23% share of total exports. It was followed by Sweden, with a 7% share.

From 2012 to 2021, the average annual growth rate of value to Germany totaled +30.3%. Exports to the other major destinations recorded the following average annual rates of exports growth: Oman (+36.1% per year) and Sweden (+24.4% per year).

Export Prices by Country

In 2021, the average export price for instruments for measuring electrical quantities amounted to $X per unit, dropping by -13.1% against the previous year. Overall, the export price continues to indicate a abrupt downturn. The most prominent rate of growth was recorded in 2015 when the average export price increased by 58%. As a result, the export price reached the peak level of $X per unit. From 2016 to 2021, the average export prices remained at a lower figure.

There were significant differences in the average prices for the major external markets. In 2021, the country with the highest price was Slovenia ($X per unit), while the average price for exports to Saudi Arabia ($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 South Korea (+32.8%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Instruments for Measuring Electrical Quantities

Imports into Kuwait

In 2021, supplies from abroad of instruments for measuring electrical quantities increased by 163% to X units, rising for the second consecutive year after two years of decline. Over the period under review, imports, however, continue to indicate a abrupt curtailment. Imports peaked at X units in 2012; however, from 2013 to 2021, imports stood at a somewhat lower figure.

In value terms, instruments for measuring electrical quantities imports soared to $X in 2021. In general, imports, however, showed a pronounced contraction. Over the period under review, imports attained the peak figure at $X in 2014; however, from 2015 to 2021, imports remained at a lower figure.

Imports by Country

The United Arab Emirates (X units), Germany (X units) and China (X units) were the main suppliers of instruments for measuring electrical quantities imports to Kuwait, with a combined 44% 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 China (with a CAGR of +25.9%), while imports for the other leaders experienced a decline.

In value terms, Germany ($X), the United States ($X) and Sweden ($X) constituted the largest instruments for measuring electrical quantities suppliers to Kuwait, together accounting for 28% of total imports. These countries were followed by China, the United Arab Emirates, India, the UK, Italy, Japan, France and Taiwan (Chinese), which together accounted for a further 33%.

China, with a CAGR of +30.8%, saw the highest rates of growth with regard to the value of imports, among the main suppliers 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 import price for instruments for measuring electrical quantities amounted to $X per unit, reducing by -46.5% against the previous year. Overall, the import price, however, saw a prominent increase. The most prominent rate of growth was recorded in 2014 when the average import price increased by 91%. The import price peaked at $X per unit in 2016; however, from 2017 to 2021, import prices stood at a somewhat 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 Sweden (+18.3%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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