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Kuwait - Safes, Strongboxes and Doors of Base Metal - Market Analysis, Forecast, Size, Trends and Insights
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View PricingKuwait: Safes And Strongboxes Market 2025
Safes And Strongboxes Market Size in Kuwait
The Kuwaiti safes and strongboxes market soared to $X in 2021, surging by 19% 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). The market value increased at an average annual rate of +3.3% over the period from 2012 to 2021; the trend pattern remained consistent, with somewhat noticeable fluctuations in certain years. Safes and strongboxes consumption peaked in 2021 and is likely to see steady growth in years to come.
Safes And Strongboxes Exports
Exports from Kuwait
Safes and strongboxes exports from Kuwait shrank dramatically to X tons in 2021, dropping by -78.9% against 2020 figures. Overall, exports, however, saw a mild increase. The pace of growth appeared the most rapid in 2020 with an increase of 110% against the previous year. As a result, the exports attained the peak of X tons, and then reduced sharply in the following year.
In value terms, safes and strongboxes exports shrank remarkably to $X in 2021. In general, exports, however, showed a strong expansion. The most prominent rate of growth was recorded in 2014 when exports increased by 563%. Over the period under review, the exports reached the peak figure at $X in 2020, and then plummeted in the following year.
Exports by Country
Lebanon (X tons) was the main destination for safes and strongboxes exports from Kuwait, with a 62% share of total exports. Moreover, safes and strongboxes exports to Lebanon exceeded the volume sent to the second major destination, Italy (X kg), fivefold. The third position in this ranking was held by Saudi Arabia (X kg), with an 8.4% share.
From 2012 to 2021, the average annual rate of growth in terms of volume to Lebanon stood at +56.6%. Exports to the other major destinations recorded the following average annual rates of exports growth: Italy (+68.2% per year) and Saudi Arabia (+3.6% per year).
In value terms, the largest markets for safes and strongboxes exported from Kuwait were Italy ($X), Lebanon ($X) and Saudi Arabia ($X), together comprising 81% of total exports.
In terms of the main countries of destination, Lebanon, with a CAGR of +67.2%, recorded the highest rates of growth with regard to the value of exports, over the period under review, while shipments for the other leaders experienced more modest paces of growth.
Export Prices by Country
The average safes and strongboxes export price stood at $X per ton in 2021, surging by 20% against the previous year. Overall, the export price recorded a prominent increase. The most prominent rate of growth was recorded in 2014 when the average export price increased by 263% against the previous year. As a result, the export price reached the peak level of $X per ton. From 2015 to 2021, the average export prices remained at a somewhat lower figure.
Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Italy ($X per ton), while the average price for exports to Lebanon ($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 Qatar (+9.3%), while the prices for the other major destinations experienced more modest paces of growth.
Safes And Strongboxes Imports
Imports into Kuwait
In 2021, supplies from abroad of safes, strongboxes and doors of base metal was finally on the rise to reach X tons for the first time since 2018, thus ending a two-year declining trend. In general, imports saw a relatively flat trend pattern. The pace of growth was the most pronounced in 2017 with an increase of 19%. Imports peaked at X tons in 2015; afterwards, it flattened through to 2021.
In value terms, safes and strongboxes imports surged to $X in 2021. The total import value increased at an average annual rate of +4.7% from 2012 to 2021; the trend pattern indicated some noticeable fluctuations being recorded in certain years. The most prominent rate of growth was recorded in 2013 with an increase of 40%. Over the period under review, imports hit record highs in 2021 and are expected to retain growth in years to come.
Imports by Country
In 2021, China (X tons) constituted the largest safes and strongboxes supplier to Kuwait, accounting for a 54% share of total imports. Moreover, safes and strongboxes imports from China exceeded the figures recorded by the second-largest supplier, South Korea (X tons), twofold. The third position in this ranking was taken by Indonesia (X tons), with a 2.5% share.
From 2012 to 2021, the average annual growth rate of volume from China amounted to +6.3%. The remaining supplying countries recorded the following average annual rates of imports growth: South Korea (-5.5% per year) and Indonesia (+16.2% per year).
In value terms, China ($X) constituted the largest supplier of safes, strongboxes and doors of base metal to Kuwait, comprising 36% of total imports. The second position in the ranking was held by South Korea ($X), with a 16% share of total imports. It was followed by Italy, with a 5.1% share.
From 2012 to 2021, the average annual growth rate of value from China amounted to +9.7%. The remaining supplying countries recorded the following average annual rates of imports growth: South Korea (+1.7% per year) and Italy (+37.9% per year).
Import Prices by Country
In 2021, the average safes and strongboxes import price amounted to $X per ton, growing by 20% against the previous year. Over the period from 2012 to 2021, it increased at an average annual rate of +4.4%. The most prominent rate of growth was recorded in 2013 an increase of 44%. Over the period under review, average import prices reached the peak figure in 2021 and is expected to retain growth in the near future.
There were significant differences in the average prices amongst the major supplying countries. In 2021, amid the top importers, the country with the highest price was Italy ($X per ton), while the price for South Korea ($X per ton) was amongst the lowest.
From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Vietnam (+13.5%), while the prices for the other major suppliers experienced more modest paces of growth.
Source: IndexBox Platform
Frequently Asked Questions (FAQ) :
This report provides an in-depth analysis of the safes and strongboxes 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 25992120 - Armoured or reinforced safes, strongboxes and doors and safe deposit lockers for strongrooms, of base metal
- Prodcom 25992170 - Base metal cash or deed boxes and the like
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.
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1. INTRODUCTION
Making Data-Driven Decisions to Grow Your Business
- REPORT DESCRIPTION
- RESEARCH METHODOLOGY AND AI PLATFORM
- DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
- GLOSSARY AND SPECIFIC TERMS
-
2. EXECUTIVE SUMMARY
A Quick Overview of Market Performance
- KEY FINDINGS
- MARKET TRENDS This Chapter is Available Only for the Professional Edition PRO
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3. MARKET OVERVIEW
Understanding the Current State of The Market and Its Prospects
- MARKET SIZE
- MARKET STRUCTURE
- TRADE BALANCE
- PER CAPITA CONSUMPTION
- MARKET FORECAST TO 2030
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4. MOST PROMISING PRODUCT
Finding New Products to Diversify Your Business
This Chapter is Available Only for the Professional Edition PRO- TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
- BEST-SELLING PRODUCTS
- MOST CONSUMED PRODUCT
- MOST TRADED PRODUCT
- MOST PROFITABLE PRODUCT FOR EXPORT
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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- TOP COUNTRIES TO SOURCE YOUR PRODUCT
- TOP PRODUCING COUNTRIES
- TOP EXPORTING COUNTRIES
- LOW-COST EXPORTING COUNTRIES
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6. MOST PROMISING OVERSEAS MARKETS
Choosing the Best Countries to Boost Your Exports
This Chapter is Available Only for the Professional Edition PRO- TOP OVERSEAS MARKETS FOR EXPORTING YOUR PRODUCT
- TOP CONSUMING MARKETS
- UNSATURATED MARKETS
- TOP IMPORTING MARKETS
- MOST PROFITABLE MARKETS
7. PRODUCTION
The Latest Trends and Insights into The Industry
- PRODUCTION VOLUME AND VALUE
8. IMPORTS
The Largest Import Supplying Countries
- IMPORTS FROM 2012–2024
- IMPORTS BY COUNTRY
- IMPORT PRICES BY COUNTRY
9. EXPORTS
The Largest Destinations for Exports
- EXPORTS FROM 2012–2024
- EXPORTS BY COUNTRY
- EXPORT PRICES BY COUNTRY
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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
- Key Findings In 2024
- Market Volume, In Physical Terms, 2012–2024
- Market Value, 2012–2024
- Per Capita Consumption In 2012-2024
- Imports, In Physical Terms, By Country, 2012–2024
- Imports, In Value Terms, By Country, 2012–2024
- Import Prices, By Country Of Origin, 2012–2024
- Exports, In Physical Terms, By Country, 2012–2024
- Exports, In Value Terms, By Country, 2012–2024
- Export Prices, By Country Of Destination, 2012–2024
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LIST OF FIGURES
- Market Volume, In Physical Terms, 2012–2024
- Market Value, 2012–2024
- Market Structure – Domestic Supply vs. Imports, In Physical Terms, 2012-2024
- Market Structure – Domestic Supply vs. Imports, In Value Terms, 2012-2024
- Trade Balance, In Physical Terms, 2012-2024
- Trade Balance, In Value Terms, 2012-2024
- Per Capita Consumption, 2012-2024
- Market Volume Forecast to 2030
- Market Value Forecast to 2030
- Products: Market Size And Growth, By Type
- Products: Average Per Capita Consumption, By Type
- Products: Exports And Growth, By Type
- Products: Export Prices And Growth, By Type
- Production Volume And Growth
- Exports And Growth
- Export Prices And Growth
- Market Size And Growth
- Per Capita Consumption
- Imports And Growth
- Import Prices
- Production, In Physical Terms, 2012–2024
- Production, In Value Terms, 2012–2024
- Imports, In Physical Terms, 2012–2024
- Imports, In Value Terms, 2012–2024
- Imports, In Physical Terms, By Country, 2024
- Imports, In Physical Terms, By Country, 2012–2024
- Imports, In Value Terms, By Country, 2012–2024
- Import Prices, By Country Of Origin, 2012–2024
- Exports, In Physical Terms, 2012–2024
- Exports, In Value Terms, 2012–2024
- Exports, In Physical Terms, By Country, 2024
- Exports, In Physical Terms, By Country, 2012–2024
- Exports, In Value Terms, By Country, 2012–2024
- Export Prices, By Country Of Destination, 2012–2024
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