Kuwait: Market for Special-Purpose Electric Lamps and Lighting Fittings 2024

Market Size for Special-Purpose Electric Lamps and Lighting Fittings in Kuwait

The Kuwaiti market for special-purpose electric lamps and lighting fittings contracted to $X in 2022, with a decrease of -11.8% 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). Over the period under review, consumption saw a slight descent. Over the period under review, the market attained the peak level at $X in 2017; however, from 2018 to 2022, consumption stood at a somewhat lower figure.

Exports of Special-Purpose Electric Lamps and Lighting Fittings

Exports from Kuwait

In 2022, approx. X units of special-purpose electric lamps and lighting fittings were exported from Kuwait; dropping by -16.2% on the previous year's figure. In general, exports, however, continue to indicate a significant increase. The most prominent rate of growth was recorded in 2014 when exports increased by 380% against the previous year. Over the period under review, the exports of reached the maximum at X units in 2018; however, from 2019 to 2022, the exports failed to regain momentum.

In value terms, exports of special-purpose electric lamps and lighting fittings contracted sharply to $X in 2022. Overall, exports, however, enjoyed buoyant growth. The pace of growth appeared the most rapid in 2014 when exports increased by 405%. Over the period under review, the exports of hit record highs at $X in 2021, and then dropped rapidly in the following year.

Exports by Country

The United Arab Emirates (X units) was the main destination for exports of special-purpose electric lamps and lighting fittings from Kuwait, with a 47% share of total exports. Moreover, exports of special-purpose electric lamps and lighting fittings to the United Arab Emirates exceeded the volume sent to the second major destination, Saudi Arabia (X units), threefold. China (X units) ranked third in terms of total exports with an 8.5% share.

From 2012 to 2022, the average annual growth rate of volume to the United Arab Emirates amounted to +32.1%. Exports to the other major destinations recorded the following average annual rates of exports growth: Saudi Arabia (+14.0% per year) and China (+135.4% per year).

In value terms, the United Arab Emirates ($X) remains the key foreign market for special-purpose electric lamps and lighting fittings exports from Kuwait, comprising 49% of total exports. The second position in the ranking was held by China ($X), with a 16% share of total exports. It was followed by Saudi Arabia, with a 13% share.

From 2012 to 2022, the average annual rate of growth in terms of value to the United Arab Emirates totaled +27.5%. Exports to the other major destinations recorded the following average annual rates of exports growth: China (+131.7% per year) and Saudi Arabia (+24.9% per year).

Export Prices by Country

The average export price for special-purpose electric lamps and lighting fittings stood at $X per unit in 2022, stabilizing at the previous year. In general, the export price, however, saw a noticeable contraction. The pace of growth appeared the most rapid in 2017 when the average export price increased by 47% against the previous year. Over the period under review, the average export prices hit record highs at $X per unit in 2014; however, from 2015 to 2022, the export prices failed to regain momentum.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was China ($X per unit), while the average price for exports to Iraq ($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 (+9.6%), while the prices for the other major destinations experienced mixed trend patterns.

Imports of Special-Purpose Electric Lamps and Lighting Fittings

Imports into Kuwait

In 2022, approx. X units of special-purpose electric lamps and lighting fittings were imported into Kuwait; waning by -21% against the previous year. Overall, imports showed a noticeable reduction. The pace of growth was the most pronounced in 2021 with an increase of 70%. Over the period under review, imports of hit record highs at X units in 2017; however, from 2018 to 2022, imports remained at a lower figure.

In value terms, imports of special-purpose electric lamps and lighting fittings shrank to $X in 2022. In general, imports, however, recorded a relatively flat trend pattern. The pace of growth appeared the most rapid in 2015 with an increase of 44%. Over the period under review, imports of hit record highs at $X in 2017; however, from 2018 to 2022, imports stood at a somewhat lower figure.

Imports by Country

In 2022, China (X units) constituted the largest supplier of special-purpose electric lamp and lighting fitting to Kuwait, accounting for a 81% share of total imports. Moreover, imports of special-purpose electric lamps and lighting fittings 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 Italy (X units), with a 2.2% share.

From 2012 to 2022, the average annual growth rate of volume from China amounted to +4.8%. The remaining supplying countries recorded the following average annual rates of imports growth: the United Arab Emirates (-10.7% per year) and Italy (-4.5% per year).

In value terms, China ($X) constituted the largest supplier of special-purpose electric lamps and lighting fittings to Kuwait, comprising 62% of total imports. The second position in the ranking was taken by Italy ($X), with a 6.1% share of total imports. It was followed by Germany, with a 4.9% share.

From 2012 to 2022, the average annual growth rate of value from China totaled +14.4%. The remaining supplying countries recorded the following average annual rates of imports growth: Italy (+2.0% per year) and Germany (-9.8% per year).

Import Prices by Country

The average import price for special-purpose electric lamps and lighting fittings stood at $X per unit in 2022, increasing by 16% against the previous year. Over the period under review, import price indicated tangible growth from 2012 to 2022: its price increased at an average annual rate of +4.7% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, import price for special-purpose electric lamps and lighting fittings decreased by -18.6% against 2020 indices. The pace of growth appeared the most rapid in 2016 an increase of 32%. The import price peaked at $X per unit in 2020; however, from 2021 to 2022, import prices failed to regain momentum.

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 Germany ($X per unit), while the price for Saudi Arabia ($X per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by South Korea (+16.9%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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