Kuwait: Mounted Piezo-Electric Crystals Market 2025

Mounted Piezo-Electric Crystals Market Size in Kuwait

The Kuwaiti mounted piezo-electric crystals market surged to $X in 2021, growing by 931% against the previous year. Overall, consumption continues to indicate a buoyant expansion. Mounted piezo-electric crystals consumption peaked at $X in 2019; however, from 2020 to 2021, consumption failed to regain momentum.

Mounted Piezo-Electric Crystals Production in Kuwait

In value terms, mounted piezo-electric crystals production amounted to $X in 2021 estimated in export price. Overall, production continues to indicate a dramatic shrinkage. The pace of growth was the most pronounced in 2019 with a decrease of -2.4%. Mounted piezo-electric crystals production peaked at $X in 2018; however, from 2019 to 2021, production stood at a somewhat lower figure.

Mounted Piezo-Electric Crystals Exports

Exports from Kuwait

In 2021, the amount of mounted piezo-electric crystals exported from Kuwait soared to X units, surging by 4,037% on the previous year's figure. In general, exports continue to indicate a significant expansion. The most prominent rate of growth was recorded in 2017 when exports increased by 8,063% against the previous year. Over the period under review, the exports hit record highs in 2021 and are expected to retain growth in the immediate term.

In value terms, mounted piezo-electric crystals exports soared to $X in 2021. Overall, exports, however, saw a pronounced setback. The growth pace was the most rapid in 2018 when exports increased by 382%. Over the period under review, the exports hit record highs at $X in 2012; however, from 2013 to 2021, the exports failed to regain momentum.

Exports by Country

China (X units) was the main destination for mounted piezo-electric crystals exports from Kuwait, accounting for a 90% share of total exports. Moreover, mounted piezo-electric crystals exports to China exceeded the volume sent to the second major destination, Germany (X units), more than tenfold.

From 2012 to 2021, the average annual rate of growth in terms of volume to China was relatively modest. Exports to the other major destinations recorded the following average annual rates of exports growth: Germany (+89.0% per year) and Saudi Arabia (+36.4% per year).

In value terms, Germany ($X) remains the key foreign market for mounted piezo-electric crystals exports from Kuwait, comprising 69% of total exports. The second position in the ranking was taken by Saudi Arabia ($X), with a 22% share of total exports.

From 2012 to 2021, the average annual rate of growth in terms of value to Germany totaled +18.0%. Exports to the other major destinations recorded the following average annual rates of exports growth: Saudi Arabia (-18.3% per year) and China (0.0% per year).

Export Prices by Country

In 2021, the average mounted piezo-electric crystals export price amounted to $X per unit, reducing by -91.4% against the previous year. In general, the export price continues to indicate a sharp downturn. The most prominent rate of growth was recorded in 2018 when the average export price increased by 7,427% against the previous year. The export price peaked at $X per unit in 2012; however, from 2013 to 2021, the export prices failed to regain momentum.

There were significant differences in the average prices for the major export markets. In 2021, the country with the highest price was Saudi Arabia ($X per unit), while the average price for exports to China ($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 Germany (-38.1%).

Mounted Piezo-Electric Crystals Imports

Imports into Kuwait

After two years of growth, purchases abroad of mounted piezo-electric crystals decreased by -80.4% to X units in 2021. Overall, imports saw a precipitous decline. The growth pace was the most rapid in 2017 when imports increased by 424% against the previous year. As a result, imports reached the peak of X units. From 2018 to 2021, the growth of imports remained at a somewhat lower figure.

In value terms, mounted piezo-electric crystals imports fell notably to $X in 2021. In general, imports continue to indicate a precipitous slump. The pace of growth appeared the most rapid in 2014 when imports increased by 280% against the previous year. As a result, imports reached the peak of $X. From 2015 to 2021, the growth of imports failed to regain momentum.

Imports by Country

Germany (X units), the United States (X units) and Singapore (X units) were the main suppliers of mounted piezo-electric crystals imports to Kuwait, with a combined 83% share of total imports. Bulgaria, the UK and Canada lagged somewhat behind, together comprising a further 15%.

From 2012 to 2021, the biggest increases were in Bulgaria (with a CAGR of +39.1%), while purchases for the other leaders experienced mixed trend patterns.

In value terms, the largest mounted piezo-electric crystals suppliers to Kuwait were Singapore ($X), the United States ($X) and the UK ($X), with a combined 74% share of total imports.

Singapore, with a CAGR of +11.2%, recorded the highest growth rate of the value of imports, in terms of the main suppliers over the period under review, while purchases for the other leaders experienced a decline.

Import Prices by Country

In 2021, the average mounted piezo-electric crystals import price amounted to $X per unit, stabilizing at the previous year. In general, the import price, however, continues to indicate a relatively flat trend pattern. The growth pace was the most rapid in 2018 an increase of 329%. The import price peaked at $X per unit in 2014; however, from 2015 to 2021, import prices stood at a somewhat lower figure.

There were significant differences in the average prices amongst the major supplying countries. In 2021, the country with the highest price was Singapore ($X per unit), while the price for Germany ($X per unit) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Germany (+3.6%), while the prices for the other major suppliers experienced a decline.

Source: IndexBox Platform

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