Kuwait: Safety Seat Belt Market 2025

Safety Seat Belt Market Size in Kuwait

The Kuwaiti safety seat belt market contracted markedly to $X in 2022, waning by -42.2% 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). In general, consumption continues to indicate a mild shrinkage. Over the period under review, the market attained the maximum level at $X in 2017; however, from 2018 to 2022, consumption stood at a somewhat lower figure.

Safety Seat Belt Exports

Exports from Kuwait

In 2022, exports of safety seat belts from Kuwait shrank notably to X units, declining by -42.9% compared with the previous year. Over the period under review, exports showed a sharp descent. The pace of growth was the most pronounced in 2016 with an increase of 1,755%. The exports peaked at X units in 2012; however, from 2013 to 2022, the exports remained at a lower figure.

In value terms, safety seat belt exports fell notably to $X in 2022. Overall, exports continue to indicate a sharp descent. The most prominent rate of growth was recorded in 2016 when exports increased by 2,034%. The exports peaked at $X in 2012; however, from 2013 to 2022, the exports stood at a somewhat lower figure.

Exports by Country

Hong Kong SAR (X units), the Netherlands (X units) and Saudi Arabia (X units) were the main destinations of safety seat belt exports from Kuwait, with a combined 79% share of total exports.

From 2012 to 2022, the biggest increases were recorded for the Netherlands (with a CAGR of +24.4%), while shipments for the other leaders experienced mixed trend patterns.

In value terms, the largest markets for safety seat belt exported from Kuwait were the Netherlands ($X), Saudi Arabia ($X) and Hong Kong SAR ($X), with a combined 94% share of total exports.

Saudi Arabia, with a CAGR of +44.9%, recorded the highest growth rate of the value of exports, among 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 2022, the average safety seat belt export price amounted to $X per unit, remaining stable against the previous year. Over the period under review, the export price recorded a buoyant increase. The pace of growth was the most pronounced in 2021 when the average export price increased by 28%. The export price peaked in 2022 and is likely to see steady growth in years to come.

There were significant differences in the average prices for the major overseas markets. In 2022, amid the top suppliers, the country with the highest price was the United States ($X per unit), while the average price for exports to Iran ($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 Qatar (+31.5%), while the prices for the other major destinations experienced more modest paces of growth.

Safety Seat Belt Imports

Imports into Kuwait

In 2022, the amount of safety seat belts imported into Kuwait declined significantly to X units, waning by -44.6% compared with the previous year. Over the period under review, imports, however, enjoyed a buoyant increase. The pace of growth appeared the most rapid in 2021 when imports increased by 415% against the previous year. Imports peaked at X units in 2017; however, from 2018 to 2022, imports failed to regain momentum.

In value terms, safety seat belt imports declined notably to $X in 2022. Overall, imports, however, enjoyed a buoyant expansion. The pace of growth was the most pronounced in 2021 with an increase of 484%. Over the period under review, imports hit record highs at $X in 2017; however, from 2018 to 2022, imports stood at a somewhat lower figure.

Imports by Country

The United States (X units), Mexico (X units) and China (X units) were the main suppliers of safety seat belt imports to Kuwait, together comprising 36% of total imports. South Korea, Thailand, Taiwan (Chinese), the UK, Denmark, Costa Rica, Malaysia, Italy, Romania and Hungary lagged somewhat behind, together accounting for a further 46%.

From 2012 to 2022, the biggest increases were recorded for Costa Rica (with a CAGR of +81.9%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, the United States ($X), Taiwan (Chinese) ($X) and the UK ($X) appeared to be the largest safety seat belt suppliers to Kuwait, with a combined 36% share of total imports. Thailand, Mexico, Italy, Malaysia, Romania, South Korea, Denmark, China, Hungary and Costa Rica lagged somewhat behind, together accounting for a further 36%.

In terms of the main suppliers, Costa Rica, with a CAGR of +82.5%, recorded the highest growth rate of the value of imports, over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

The average safety seat belt import price stood at $X per unit in 2022, surging by 5.8% against the previous year. Overall, import price indicated a measured expansion from 2012 to 2022: its price increased at an average annual rate of +3.5% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, safety seat belt import price increased by +66.0% against 2015 indices. The growth pace was the most rapid in 2019 when the average import price increased by 14% against the previous year. The import price peaked in 2022 and is expected to retain growth in the near future.

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 Taiwan (Chinese) ($X per unit), while the price for Costa Rica ($X per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Taiwan (Chinese) (+19.1%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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