Kuwait: Market for Residential, Commercial and Industrial Lighting Fixture 2024

Market Size for Residential, Commercial and Industrial Lighting Fixture in Kuwait

In 2021, the Kuwaiti market for residential, commercial and industrial lighting fixture increased by 8.6% to $X, rising for the second year in a row after two years of decline. The market value increased at an average annual rate of +4.5% over the period from 2012 to 2021; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. As a result, consumption reached the peak level of $X. From 2018 to 2021, the growth of the market remained at a lower figure.

Exports of Residential, Commercial and Industrial Lighting Fixture

Exports from Kuwait

In 2021, overseas shipments of residential, commercial and industrial lighting fixture decreased by -30.9% to X units, falling for the third year in a row after three years of growth. Over the period under review, exports, however, showed a resilient increase. The most prominent rate of growth was recorded in 2013 when exports increased by 646% against the previous year. The exports peaked at X units in 2018; however, from 2019 to 2021, the exports failed to regain momentum.

In value terms, exports of residential, commercial and industrial lighting fixture shrank rapidly to $X in 2021. In general, exports, however, saw a significant increase. The growth pace was the most rapid in 2013 with an increase of 1,789%. The exports peaked at $X in 2018; however, from 2019 to 2021, the exports stood at a somewhat lower figure.

Exports by Country

Qatar (X units) was the main destination for exports of residential, commercial and industrial lighting fixture from Kuwait, with a 80% share of total exports. Moreover, exports of residential, commercial and industrial lighting fixture to Qatar exceeded the volume sent to the second major destination, Oman (X units), sevenfold. Jordan (X units) ranked third in terms of total exports with a 4.9% share.

From 2012 to 2021, the average annual rate of growth in terms of volume to Qatar amounted to +76.9%. Exports to the other major destinations recorded the following average annual rates of exports growth: Oman (+45.5% per year) and Jordan (+65.7% per year).

In value terms, Qatar ($X) remains the key foreign market for residential, commercial and industrial lighting fixture exports from Kuwait, comprising 75% of total exports. The second position in the ranking was held by Oman ($X), with a 13% share of total exports. It was followed by Jordan, with a 2.4% share.

From 2012 to 2021, the average annual rate of growth in terms of value to Qatar amounted to +79.1%. Exports to the other major destinations recorded the following average annual rates of exports growth: Oman (+34.0% per year) and Jordan (+60.1% per year).

Export Prices by Country

The average export price for residential, commercial and industrial lighting fixture stood at $X per unit in 2021, with an increase of 8.9% against the previous year. In general, export price indicated resilient growth from 2012 to 2021: its price increased at an average annual rate of +12.7% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, export price for residential, commercial and industrial lighting fixture decreased by -0.8% against 2019 indices. The growth pace was the most rapid in 2013 an increase of 153%. Over the period under review, the average export prices reached the peak figure at $X per unit in 2019; however, from 2020 to 2021, the export prices failed to regain momentum.

There were significant differences in the average prices for the major external markets. In 2021, amid the top suppliers, the country with the highest price was Oman ($X per unit), while the average price for exports to Iraq ($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 Qatar (+1.2%), while the prices for the other major destinations experienced a decline.

Imports of Residential, Commercial and Industrial Lighting Fixture

Imports into Kuwait

In 2021, overseas purchases of residential, commercial and industrial lighting fixture increased by 7.1% to X units, rising for the second year in a row after two years of decline. The total import volume increased at an average annual rate of +4.8% from 2012 to 2021; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The pace of growth was the most pronounced in 2017 when imports increased by 37%. As a result, imports reached the peak of X units. From 2018 to 2021, the growth of imports of failed to regain momentum.

In value terms, imports of residential, commercial and industrial lighting fixture expanded notably to $X in 2021. The total import value increased at an average annual rate of +4.5% over the period from 2012 to 2021; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The pace of growth was the most pronounced in 2015 with an increase of 15% against the previous year. Over the period under review, imports of hit record highs in 2021 and are likely to see gradual growth in the immediate term.

Imports by Country

In 2021, China (X units) constituted the largest residential, commercial and industrial lighting fixture supplier to Kuwait, accounting for a 69% share of total imports. Moreover, imports of residential, commercial and industrial lighting fixture from China exceeded the figures recorded by the second-largest supplier, the United Arab Emirates (X units), sixfold. The third position in this ranking was held by Italy (X units), with a 6.7% share.

From 2012 to 2021, the average annual growth rate of volume from China stood at +34.7%. The remaining supplying countries recorded the following average annual rates of imports growth: the United Arab Emirates (-16.0% per year) and Italy (+51.6% per year).

In value terms, China ($X) constituted the largest supplier of residential, commercial and industrial lighting fixture to Kuwait, comprising 54% of total imports. The second position in the ranking was held by Italy ($X), with a 13% share of total imports. It was followed by the United Arab Emirates, with an 8.3% share.

From 2012 to 2021, the average annual rate of growth in terms of value from China amounted to +37.7%. The remaining supplying countries recorded the following average annual rates of imports growth: Italy (+43.3% per year) and the United Arab Emirates (-19.8% per year).

Import Prices by Country

In 2021, the average import price for residential, commercial and industrial lighting fixture amounted to $X per unit, approximately equating the previous year. Overall, the import price, however, saw a relatively flat trend pattern. The growth pace was the most rapid in 2019 when the average import price increased by 19%. Over the period under review, average import prices attained the maximum at $X per unit in 2012; however, from 2013 to 2021, import prices stood at a somewhat lower figure.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Italy ($X per unit), while the price for the United Arab Emirates ($X per unit) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by China (+2.2%), while the prices for the other major suppliers experienced mixed trend patterns.

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :