Kuwait: Radar Apparatus Market 2024

Radar Apparatus Market Size in Kuwait

In 2022, the Kuwaiti radar apparatus market increased by 9% to $X, rising for the second consecutive year after four years of decline. In general, consumption recorded a prominent expansion. Over the period under review, the market attained the peak level in 2022 and is likely to see steady growth in the near future.

Radar Apparatus Exports

Exports from Kuwait

In 2022, overseas shipments of radar apparatus, radio navigational aid apparatus and radio remote control apparatus increased by 30% to X units, rising for the fourth consecutive year after two years of decline. Overall, exports, however, saw a deep contraction. The growth pace was the most rapid in 2016 with an increase of 900% against the previous year. Over the period under review, the exports reached the maximum at X units in 2012; however, from 2013 to 2022, the exports failed to regain momentum.

In value terms, radar apparatus exports rose significantly to $X in 2022. Over the period under review, exports, however, recorded a slight slump. The most prominent rate of growth was recorded in 2016 with an increase of 373% against the previous year. The exports peaked at $X in 2012; however, from 2013 to 2022, the exports stood at a somewhat lower figure.

Exports by Country

The UK (X units), France (X units) and the United States (X units) were the main destinations of radar apparatus exports from Kuwait, with a combined 92% share of total exports.

From 2012 to 2022, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by France (with a CAGR of +37.3%), while the other leaders experienced mixed trend patterns.

In value terms, Italy ($X) remains the key foreign market for radar apparatus, radio navigational aid apparatus and radio remote control apparatus exports from Kuwait, comprising 65% of total exports. The second position in the ranking was held by the UK ($X), with a 17% share of total exports. It was followed by France, with a 12% share.

From 2012 to 2022, the average annual growth rate of value to Italy stood at +23.3%. Exports to the other major destinations recorded the following average annual rates of exports growth: the UK (+3.6% per year) and France (+41.9% per year).

Export Prices by Country

The average radar apparatus export price stood at $X per unit in 2022, dropping by -15.1% against the previous year. Overall, the export price, however, saw resilient growth. The pace of growth appeared the most rapid in 2017 an increase of 240% against the previous year. The export price peaked at $X per unit in 2020; however, from 2021 to 2022, the export prices failed to regain momentum.

There were significant differences in the average prices for the major export markets. In 2022, amid the top suppliers, the country with the highest price was Italy ($X per unit), while the average price for exports to the UK ($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 Italy (+24.8%), while the prices for the other major destinations experienced more modest paces of growth.

Radar Apparatus Imports

Imports into Kuwait

In 2022, overseas purchases of radar apparatus, radio navigational aid apparatus and radio remote control apparatus increased by 48% to X units, rising for the second consecutive year after five years of decline. In general, imports enjoyed prominent growth. The most prominent rate of growth was recorded in 2021 when imports increased by 505% against the previous year. Imports peaked in 2022 and are expected to retain growth in the near future.

In value terms, radar apparatus imports declined sharply to $X in 2022. Over the period under review, imports showed a mild expansion. The pace of growth appeared the most rapid in 2021 with an increase of 485%. As a result, imports reached the peak of $X, and then dropped dramatically in the following year.

Imports by Country

In 2022, Canada (X units) constituted the largest radar apparatus supplier to Kuwait, accounting for a 72% share of total imports. Moreover, radar apparatus imports from Canada exceeded the figures recorded by the second-largest supplier, China (X units), eightfold. The third position in this ranking was held by Tunisia (X units), with a 2.7% share.

From 2012 to 2022, the average annual rate of growth in terms of volume from Canada stood at +131.3%. The remaining supplying countries recorded the following average annual rates of imports growth: China (+23.8% per year) and Tunisia (+43.2% per year).

In value terms, Canada ($X) constituted the largest supplier of radar apparatus, radio navigational aid apparatus and radio remote control apparatus to Kuwait, comprising 42% of total imports. The second position in the ranking was held by the UK ($X), with an 8.2% share of total imports. It was followed by Germany, with a 6.4% share.

From 2012 to 2022, the average annual growth rate of value from Canada stood at +113.7%. The remaining supplying countries recorded the following average annual rates of imports growth: the UK (+15.6% per year) and Germany (-19.8% per year).

Import Prices by Country

In 2022, the average radar apparatus import price amounted to $X per unit, reducing by -60.3% against the previous year. In general, the import price continues to indicate a abrupt decline. The pace of growth was the most pronounced in 2016 an increase of 56% against the previous year. The import price peaked at $X per unit in 2019; however, from 2020 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 the UK ($X per unit), while the price for Canada ($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 United States (+4.6%), while the prices for the other major suppliers experienced mixed trend patterns.

Source: IndexBox Platform