Kuwait: Non-Electrical Lamp Market 2024

Non-Electrical Lamp Market Size in Kuwait

In 2021, after two years of decline, there was significant growth in the Kuwaiti non-electrical lamp market, when its value increased by 102% to $X. Over the period under review, consumption enjoyed buoyant growth. Non-electrical lamp consumption peaked in 2021 and is likely to see steady growth in the immediate term.

Non-Electrical Lamp Exports

Exports from Kuwait

In 2021, approx. X units of non-electrical lamps and lighting fittings were exported from Kuwait; growing by 6.1% against the previous year. Overall, exports recorded a significant expansion. The growth pace was the most rapid in 2015 with an increase of 869% 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, non-electrical lamp exports fell to $X in 2021. Over the period under review, exports continue to indicate a strong increase. The growth pace was the most rapid in 2015 with an increase of 976%. Over the period under review, the exports hit record highs at $X in 2019; however, from 2020 to 2021, the exports failed to regain momentum.

Exports by Country

Iraq (X units) was the main destination for non-electrical lamp exports from Kuwait, accounting for a 82% share of total exports. Moreover, non-electrical lamp exports to Iraq exceeded the volume sent to the second major destination, the United Arab Emirates (X units), eightfold. Qatar (X units) ranked third in terms of total exports with a 3.5% share.

From 2012 to 2021, the average annual growth rate of volume to Iraq stood at +79.5%. Exports to the other major destinations recorded the following average annual rates of exports growth: the United Arab Emirates (+34.4% per year) and Qatar (+1.2% per year).

In value terms, the largest markets for non-electrical lamp exported from Kuwait were the United Arab Emirates ($X), Iraq ($X) and Qatar ($X), with a combined 93% share of total exports.

Among the main countries of destination, Iraq, with a CAGR of +55.7%, saw the highest growth rate of the value of exports, over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

In 2021, the average non-electrical lamp export price amounted to $X per unit, with a decrease of -10.5% against the previous year. Over the period under review, the export price recorded a deep reduction. The pace of growth appeared the most rapid in 2016 an increase of 133% against the previous year. As a result, the export price attained the peak level of $X per unit. From 2017 to 2021, the average export prices remained at a lower figure.

There were significant differences in the average prices for the major export markets. In 2021, amid the top suppliers, the country with the highest price was Qatar ($X per unit), while the average price for exports to Iran ($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 Oman (+660.4%), while the prices for the other major destinations experienced more modest paces of growth.

Non-Electrical Lamp Imports

Imports into Kuwait

After six years of decline, purchases abroad of non-electrical lamps and lighting fittings increased by 38% to X units in 2021. Over the period under review, imports posted a notable increase. The pace of growth appeared the most rapid in 2014 when imports increased by 116% against the previous year. As a result, imports reached the peak of X units. From 2015 to 2021, the growth of imports remained at a lower figure.

In value terms, non-electrical lamp imports surged to $X in 2021. In general, imports showed strong growth. As a result, imports reached the peak and are likely to continue growth in the immediate term.

Imports by Country

In 2021, China (X units) constituted the largest supplier of non-electrical lamp to Kuwait, with a 73% share of total imports. Moreover, non-electrical lamp imports from China exceeded the figures recorded by the second-largest supplier, the United Arab Emirates (X units), eightfold. The third position in this ranking was held by France (X units), with a 4.7% share.

From 2012 to 2021, the average annual rate of growth in terms of volume from China totaled +4.0%. The remaining supplying countries recorded the following average annual rates of imports growth: the United Arab Emirates (+55.5% per year) and France (+51.5% per year).

In value terms, China ($X) constituted the largest supplier of non-electrical lamps and lighting fittings to Kuwait, comprising 54% of total imports. The second position in the ranking was held by France ($X), with a 13% share of total imports. It was followed by the United Arab Emirates, with a 7.1% share.

From 2012 to 2021, the average annual rate of growth in terms of value from China amounted to +9.0%. The remaining supplying countries recorded the following average annual rates of imports growth: France (+51.9% per year) and the United Arab Emirates (+61.6% per year).

Import Prices by Country

In 2021, the average non-electrical lamp import price amounted to $X per unit, picking up by 74% against the previous year. Over the period under review, import price indicated prominent growth from 2012 to 2021: its price increased at an average annual rate of +6.5% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, non-electrical lamp import price increased by +97.7% against 2013 indices. As a result, import price reached 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 2021, amid the top importers, the country with the highest price was France ($X per unit), while the price for China ($X per unit) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by India (+5.3%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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