Kuwait: Market for Solar Cells and Light-Emitting Diodes 2025

Market Size for Solar Cells and Light-Emitting Diodes in Kuwait

The Kuwaiti market for solar cells and light-emitting diodes declined to $X in 2022, falling by -8.9% against the previous year. This figure reflects the total revenues of producers and importers (excluding logistics costs, retail marketing costs, and retailers' margins, which will be included in the final consumer price). In general, consumption recorded a abrupt curtailment. As a result, consumption reached the peak level of $X. From 2019 to 2022, the growth of the market remained at a lower figure.

Exports of Solar Cells and Light-Emitting Diodes

Exports from Kuwait

In 2022, the amount of solar cells and light-emitting diodes exported from Kuwait shrank markedly to X units, with a decrease of -27.3% against the previous year's figure. Overall, exports, however, enjoyed strong growth. The most prominent rate of growth was recorded in 2016 when exports increased by 169% against the previous year. As a result, the exports attained the peak of X units. From 2017 to 2022, the growth of the exports remained at a lower figure.

In value terms, solar cells and light-emitting diodes exports fell sharply to $X in 2022. Over the period under review, exports showed a noticeable reduction. The most prominent rate of growth was recorded in 2016 when exports increased by 212% against the previous year. As a result, the exports attained the peak of $X. From 2017 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 solar cells and light-emitting diodes exports from Kuwait, accounting for a 93% share of total exports. Moreover, solar cells and light-emitting diodes exports to the United Arab Emirates exceeded the volume sent to the second major destination, Saudi Arabia (X units), more than tenfold.

From 2012 to 2022, the average annual rate of growth in terms of volume to the United Arab Emirates stood at +11.3%.

In value terms, the United Arab Emirates ($X) remains the key foreign market for solar cells and light-emitting diodes exports from Kuwait, comprising 90% of total exports. The second position in the ranking was held by Saudi Arabia ($X), with a 7.1% share of total exports.

From 2012 to 2022, the average annual rate of growth in terms of value to the United Arab Emirates totaled -4.9%.

Export Prices by Country

In 2022, the average export price for solar cells and light-emitting diodes amounted to $X per unit, picking up by 3% against the previous year. Overall, the export price, however, continues to indicate a drastic downturn. The growth pace was the most rapid in 2016 an increase of 16% against the previous year. As a result, the export price reached the peak level of $X per unit. From 2017 to 2022, the average export prices remained at a lower figure.

Average prices varied noticeably for the major overseas markets. In 2022, amid the top suppliers, the country with the highest price was Saudi Arabia ($X per unit), while the average price for exports to the United Arab Emirates totaled $X per unit.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Saudi Arabia (+32.7%).

Imports of Solar Cells and Light-Emitting Diodes

Imports into Kuwait

In 2022, approx. X units of solar cells and light-emitting diodes were imported into Kuwait; declining by -10.6% on the previous year. In general, imports saw a deep setback. The most prominent rate of growth was recorded in 2018 when imports increased by 175%. As a result, imports reached the peak of X units. From 2019 to 2022, the growth of imports remained at a somewhat lower figure.

In value terms, solar cells and light-emitting diodes imports shrank to $X in 2022. Over the period under review, imports showed a abrupt downturn. The most prominent rate of growth was recorded in 2014 when imports increased by 93% against the previous year. Over the period under review, imports hit record highs at $X in 2012; however, from 2013 to 2022, imports remained at a lower figure.

Imports by Country

In 2022, China (X units) constituted the largest solar cells and light-emitting diodes supplier to Kuwait, with a 73% share of total imports. Moreover, solar cells and light-emitting diodes imports from China exceeded the figures recorded by the second-largest supplier, the United Arab Emirates (X units), more than tenfold. The third position in this ranking was taken by Germany (X units), with a 5.5% share.

From 2012 to 2022, the average annual growth rate of volume from China amounted to -2.1%. The remaining supplying countries recorded the following average annual rates of imports growth: the United Arab Emirates (-19.8% per year) and Germany (-9.4% per year).

In value terms, China ($X) constituted the largest supplier of solar cells and light-emitting diodes to Kuwait, comprising 42% of total imports. The second position in the ranking was taken by the United Arab Emirates ($X), with an 11% share of total imports. It was followed by Germany, with a 9.7% share.

From 2012 to 2022, the average annual rate of growth in terms of value from China totaled +20.1%. The remaining supplying countries recorded the following average annual rates of imports growth: the United Arab Emirates (-21.9% per year) and Germany (+5.2% per year).

Import Prices by Country

The average import price for solar cells and light-emitting diodes stood at $X per unit in 2022, with an increase of 5.1% against the previous year. In general, the import price recorded a temperate expansion. The most prominent rate of growth was recorded in 2019 when the average import price increased by 134% against the previous year. The import price peaked at $X per unit in 2020; however, from 2021 to 2022, import prices stood at a somewhat lower figure.

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 Portugal ($X per unit), while the price for India ($X per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by India (+40.1%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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