Report Update Nov 1, 2024

Kuwait - Plastic Parts for Lamps and Lighting Fittings - Market Analysis, Forecast, Size, Trends and Insights

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Kuwait: Lamp Plastic Parts Market 2024

Lamp Plastic Parts Market Size in Kuwait

In 2021, the Kuwaiti lamp plastic parts market was finally on the rise to reach $X for the first time since 2018, thus ending a two-year declining trend. Over the period under review, consumption saw a resilient increase. As a result, consumption attained the peak level and is likely to continue growth in the immediate term.

Lamp Plastic Parts Exports

Exports from Kuwait

In 2021, shipments abroad of plastic parts for lamps and lighting fittings decreased by -77.4% to X kg, falling for the fourth consecutive year after three years of growth. Overall, exports recorded a deep slump. The most prominent rate of growth was recorded in 2016 with an increase of 485%. Over the period under review, the exports attained the peak figure at X kg in 2017; however, from 2018 to 2021, the exports stood at a somewhat lower figure.

In value terms, lamp plastic parts exports fell significantly to $X in 2021. In general, exports continue to indicate a dramatic downturn. The most prominent rate of growth was recorded in 2016 with an increase of 618% against the previous year. As a result, the exports reached the peak of $X. From 2017 to 2021, the growth of the exports failed to regain momentum.

Exports by Country

The United Arab Emirates (X kg), the Netherlands (X kg) and Turkey (X kg) were the main destinations of lamp plastic parts exports from Kuwait, together accounting for 86% of total exports.

From 2012 to 2021, the biggest increases were recorded for the Netherlands (with a CAGR of +10.4%), while shipments for the other leaders experienced mixed trend patterns.

In value terms, the largest markets for lamp plastic parts exported from Kuwait were the United Arab Emirates ($X), the Netherlands ($X) and Turkey ($X).

The Netherlands, with a CAGR of +14.0%, recorded the highest rates of growth with regard to the value of exports, in terms of the main countries of destination over the period under review, while shipments for the other leaders experienced mixed trend patterns.

Export Prices by Country

In 2021, the average lamp plastic parts export price amounted to $X per ton, shrinking by -43.4% against the previous year. In general, the export price continues to indicate a deep setback. The growth pace was the most rapid in 2013 when the average export price increased by 81% against the previous year. Over the period under review, the average export prices hit record highs at $X per ton in 2014; however, from 2015 to 2021, the export prices remained at a lower figure.

Prices varied noticeably country of destination: the country with the highest price was the Netherlands ($X per ton), while the average price for exports to Turkey ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was recorded for supplies to the United Arab Emirates (-16.1%).

Lamp Plastic Parts Imports

Imports into Kuwait

In 2021, supplies from abroad of plastic parts for lamps and lighting fittings was finally on the rise to reach X tons after three years of decline. In general, imports posted a noticeable expansion. As a result, imports reached the peak and are likely to continue growth in the immediate term.

In value terms, lamp plastic parts imports skyrocketed to $X in 2021. Over the period under review, imports continue to indicate prominent 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 tons) constituted the largest supplier of lamp plastic parts to Kuwait, accounting for a 87% share of total imports. It was followed by the United Arab Emirates (X tons), with a 2.5% share of total imports. Turkey (X tons) ranked third in terms of total imports with a 1.6% share.

From 2012 to 2021, the average annual growth rate of volume from China totaled +6.2%. The remaining supplying countries recorded the following average annual rates of imports growth: the United Arab Emirates (+11.0% per year) and Turkey (+29.6% per year).

In value terms, China ($X) constituted the largest supplier of plastic parts for lamps and lighting fittings to Kuwait, comprising 76% of total imports. The second position in the ranking was taken by the United Arab Emirates ($X), with a 5.5% share of total imports. It was followed by Germany, with a 1.5% share.

From 2012 to 2021, the average annual growth rate of value from China stood at +12.7%. The remaining supplying countries recorded the following average annual rates of imports growth: the United Arab Emirates (+17.2% per year) and Germany (-10.6% per year).

Import Prices by Country

In 2021, the average lamp plastic parts import price amounted to $X per ton, dropping by -2.9% against the previous year. Over the period under review, import price indicated temperate growth from 2012 to 2021: its price increased at an average annual rate of +4.4% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, lamp plastic parts import price decreased by -5.3% against 2019 indices. The most prominent rate of growth was recorded in 2018 when the average import price increased by 30%. The import price peaked at $X per ton in 2019; however, from 2020 to 2021, import prices remained at a lower figure.

Prices varied noticeably country of origin: the country with the highest price was the United Arab Emirates ($X per ton), while the price for Turkey ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by China (+6.1%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :

What are the largest markets for plastic parts for lamps and lighting fittings in the world?

The countries with the highest volumes of lamp plastic parts consumption in 2020 were China, the United States and Japan, with a combined 58% share of global consumption.

What are the largest producers of plastic parts for lamps and lighting fittings in the world?

The country with the largest volume of lamp plastic parts production was China, comprising approx. 51% of total volume. Moreover, lamp plastic parts production in China exceeded the figures recorded by the second-largest producer, the United States, threefold. The third position in this ranking was occupied by Japan, with a 5.6% share.

What are the leading suppliers of plastic parts for lamps and lighting fittings to Kuwait?

In value terms, the United Arab Emirates constituted the largest supplier of lamp plastic parts to Kuwait, comprising 93% of total imports. The second position in the ranking was occupied by China, with a 2.9% share of total imports.

What are the leading importers of plastic parts for lamps and lighting fittings from Kuwait?

In value terms, the largest markets for lamp plastic parts exported from Kuwait were the United Arab Emirates and the Netherlands.

What is the average export price for plastic parts for lamps and lighting fittings in Kuwait?

In 2020, the average lamp plastic parts export price amounted to $23,289 per ton, jumping by 23% against the previous year.

What is the average import price for plastic parts for lamps and lighting fittings in Kuwait?

In 2020, the average lamp plastic parts import price amounted to $7,985 per ton, which is down by -33.8% against the previous year.

This report provides an in-depth analysis of the lamp plastic parts market in Kuwait. Within it, you will discover the latest data on market trends and opportunities by country, consumption, production and price developments, as well as the global trade (imports and exports). The forecast exhibits the market prospects through 2030.

Product coverage:

Prodcom 22292400 - Plastic parts for lamps, lighting fittings and illuminated signs and name-plates

Country coverage:

Kuwait

Data coverage:

Market volume and value
Per Capita consumption
Forecast of the market dynamics in the medium term
Trade (exports and imports) in Kuwait
Export and import prices
Market trends, drivers and restraints
Key market players and their profiles

Reasons to buy this report:

Take advantage of the latest data
Find deeper insights into current market developments
Discover vital success factors affecting the market

This report is designed for manufacturers, distributors, importers, and wholesalers, as well as for investors, consultants and advisors.

In this report, you can find information that helps you to make informed decisions on the following issues:

How to diversify your business and benefit from new market opportunities
How to load your idle production capacity
How to boost your sales on overseas markets
How to increase your profit margins
How to make your supply chain more sustainable
How to reduce your production and supply chain costs
How to outsource production to other countries
How to prepare your business for global expansion

While doing this research, we combine the accumulated expertise of our analysts and the capabilities of artificial intelligence. The AI-based platform, developed by our data scientists, constitutes the key working tool for business analysts, empowering them to discover deep insights and ideas from the marketing data.

1. INTRODUCTION

Making Data-Driven Decisions to Grow Your Business
1. REPORT DESCRIPTION
2. RESEARCH METHODOLOGY AND AI PLATFORM
3. DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
4. GLOSSARY AND SPECIFIC TERMS
2. EXECUTIVE SUMMARY

A Quick Overview of Market Performance
1. KEY FINDINGS
2. MARKET TRENDS This Chapter is Available Only for the Professional Edition PRO
3. MARKET OVERVIEW

Understanding the Current State of The Market and Its Prospects
1. MARKET SIZE
2. MARKET STRUCTURE
3. TRADE BALANCE
4. PER CAPITA CONSUMPTION
5. MARKET FORECAST TO 2030
4. MOST PROMISING PRODUCT

Finding New Products to Diversify Your Business
This Chapter is Available Only for the Professional Edition PRO
1. TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
2. BEST-SELLING PRODUCTS
3. MOST CONSUMED PRODUCT
4. MOST TRADED PRODUCT
5. MOST PROFITABLE PRODUCT FOR EXPORT
5. MOST PROMISING SUPPLYING COUNTRIES

Choosing the Best Countries to Establish Your Sustainable Supply Chain
This Chapter is Available Only for the Professional Edition PRO
1. TOP COUNTRIES TO SOURCE YOUR PRODUCT
2. TOP PRODUCING COUNTRIES
3. TOP EXPORTING COUNTRIES
4. LOW-COST EXPORTING COUNTRIES
6. MOST PROMISING OVERSEAS MARKETS

Choosing the Best Countries to Boost Your Exports
This Chapter is Available Only for the Professional Edition PRO
1. TOP OVERSEAS MARKETS FOR EXPORTING YOUR PRODUCT
2. TOP CONSUMING MARKETS
3. UNSATURATED MARKETS
4. TOP IMPORTING MARKETS
5. MOST PROFITABLE MARKETS
7. PRODUCTION

The Latest Trends and Insights into The Industry
1. PRODUCTION VOLUME AND VALUE
8. IMPORTS
The Largest Import Supplying Countries
1. IMPORTS FROM 2012–2023
2. IMPORTS BY COUNTRY
3. IMPORT PRICES BY COUNTRY
9. EXPORTS
The Largest Destinations for Exports
1. EXPORTS FROM 2012–2023
2. EXPORTS BY COUNTRY
3. EXPORT PRICES BY COUNTRY
10. PROFILES OF MAJOR PRODUCERS

The Largest Producers on The Market and Their Profiles
This Chapter is Available Only for the Professional Edition PRO
LIST OF TABLES
1. Key Findings In 2023
2. Market Volume, In Physical Terms, 2012–2023
3. Market Value, 2012–2023
4. Per Capita Consumption In 2012-2023
5. Imports, In Physical Terms, By Country, 2012–2023
6. Imports, In Value Terms, By Country, 2012–2023
7. Import Prices, By Country Of Origin, 2012–2023
8. Exports, In Physical Terms, By Country, 2012–2023
9. Exports, In Value Terms, By Country, 2012–2023
10. Export Prices, By Country Of Destination, 2012–2023
LIST OF FIGURES
1. Market Volume, In Physical Terms, 2012–2023
2. Market Value, 2012–2023
3. Market Structure – Domestic Supply vs. Imports, In Physical Terms, 2012-2023
4. Market Structure – Domestic Supply vs. Imports, In Value Terms, 2012-2023
5. Trade Balance, In Physical Terms, 2012-2023
6. Trade Balance, In Value Terms, 2012-2023
7. Per Capita Consumption, 2012-2023
8. Market Volume Forecast to 2030
9. Market Value Forecast to 2030
10. Products: Market Size And Growth, By Type
11. Products: Average Per Capita Consumption, By Type
12. Products: Exports And Growth, By Type
13. Products: Export Prices And Growth, By Type
14. Production Volume And Growth
15. Exports And Growth
16. Export Prices And Growth
17. Market Size And Growth
18. Per Capita Consumption
19. Imports And Growth
20. Import Prices
21. Production, In Physical Terms, 2012–2023
22. Production, In Value Terms, 2012–2023
23. Imports, In Physical Terms, 2012–2023
24. Imports, In Value Terms, 2012–2023
25. Imports, In Physical Terms, By Country, 2023
26. Imports, In Physical Terms, By Country, 2012–2023
27. Imports, In Value Terms, By Country, 2012–2023
28. Import Prices, By Country Of Origin, 2012–2023
29. Exports, In Physical Terms, 2012–2023
30. Exports, In Value Terms, 2012–2023
31. Exports, In Physical Terms, By Country, 2023
32. Exports, In Physical Terms, By Country, 2012–2023
33. Exports, In Value Terms, By Country, 2012–2023
34. Export Prices, By Country Of Destination, 2012–2023