Kuwait: Multitask Printer Market 2024

Multitask Printer Market Size in Kuwait

The Kuwaiti multitask printer market reduced to $X in 2022, dropping by -5.1% against the previous year. In general, consumption, however, posted a remarkable increase. Over the period under review, the market reached the maximum level at $X in 2020; however, from 2021 to 2022, consumption stood at a somewhat lower figure.

Multitask Printer Production in Kuwait

In value terms, multitask printer production skyrocketed to $X in 2022 estimated in export price. Over the period under review, production posted a significant increase. The pace of growth appeared the most rapid in 2018 when the production volume increased by 152%. Multitask printer production peaked at $X in 2020; however, from 2021 to 2022, production remained at a lower figure.

Multitask Printer Exports

Exports from Kuwait

After two years of decline, overseas shipments of multitask printers, copymachines and facsimile machines increased by 30% to X units in 2022. In general, exports showed a strong expansion. The pace of growth appeared the most rapid in 2019 when exports increased by 447%. As a result, the exports reached the peak of X units. From 2020 to 2022, the growth of the exports failed to regain momentum.

In value terms, multitask printer exports surged to $X in 2022. Overall, exports continue to indicate a resilient increase. The growth pace was the most rapid in 2019 with an increase of 409% against the previous year. As a result, the exports reached the peak of $X. From 2020 to 2022, the growth of the exports remained at a lower figure.

Exports by Country

The United Arab Emirates (X units) was the main destination for multitask printer exports from Kuwait, accounting for a 65% share of total exports. Moreover, multitask printer exports to the United Arab Emirates exceeded the volume sent to the second major destination, the Netherlands (X units), threefold. Qatar (X units) ranked third in terms of total exports with a 10% share.

From 2012 to 2022, the average annual growth rate of volume to the United Arab Emirates totaled +48.7%. Exports to the other major destinations recorded the following average annual rates of exports growth: the Netherlands (+20.9% per year) and Qatar (-2.2% per year).

In value terms, the United Arab Emirates ($X) emerged as the key foreign market for multitask printers, copymachines and facsimile machines exports from Kuwait, comprising 76% of total exports. The second position in the ranking was taken by the Netherlands ($X), with a 13% share of total exports. It was followed by Qatar, with a 4.7% share.

From 2012 to 2022, the average annual rate of growth in terms of value to the United Arab Emirates totaled +47.0%. Exports to the other major destinations recorded the following average annual rates of exports growth: the Netherlands (+15.1% per year) and Qatar (-0.1% per year).

Export Prices by Country

In 2022, the average multitask printer export price amounted to $X per unit, jumping by 34% against the previous year. Over the period under review, export price indicated a prominent expansion from 2012 to 2022: its price increased at an average annual rate of +5.2% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. The most prominent rate of growth was recorded in 2018 when the average export price increased by 38% against the previous year. As a result, the export price reached the peak level of $X per unit. From 2019 to 2022, the average export prices failed to regain momentum.

Prices varied noticeably by country of destination: amid the top suppliers, 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 2022, the most notable rate of growth in terms of prices was recorded for supplies to Saudi Arabia (+23.6%), while the prices for the other major destinations experienced mixed trend patterns.

Multitask Printer Imports

Imports into Kuwait

In 2022, imports of multitask printers, copymachines and facsimile machines into Kuwait declined rapidly to X units, shrinking by -52.5% against the year before. Overall, imports, however, posted mild growth. The pace of growth appeared the most rapid in 2013 with an increase of 172%. Over the period under review, imports reached the maximum at X units in 2016; however, from 2017 to 2022, imports failed to regain momentum.

In value terms, multitask printer imports reduced to $X in 2022. The total import value increased at an average annual rate of +3.1% from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The most prominent rate of growth was recorded in 2021 when imports increased by 43%. Over the period under review, imports attained the maximum at $X in 2014; however, from 2015 to 2022, imports stood at a somewhat lower figure.

Imports by Country

Thailand (X units), Vietnam (X units) and Singapore (X units) were the main suppliers of multitask printer imports to Kuwait, together comprising 59% of total imports. The United States, China, the United Arab Emirates and the Netherlands lagged somewhat behind, together accounting for a further 37%.

From 2012 to 2022, the biggest increases were recorded for the United States (with a CAGR of +69.4%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, the Netherlands ($X), the United States ($X) and the United Arab Emirates ($X) were the largest multitask printer suppliers to Kuwait, together accounting for 59% of total imports.

The United States, with a CAGR of +75.5%, saw the highest growth rate of 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 2022, the average multitask printer import price amounted to $X per unit, growing by 79% against the previous year. Overall, the import price posted mild growth. As a result, import price attained the peak level and is likely to continue growth in the immediate term.

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 Netherlands ($X per unit), while the price for Singapore ($X per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by the Netherlands (+17.9%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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