Kuwait: Telephone Apparatus Market 2024

Telephone Apparatus Market Size in Kuwait

The Kuwaiti telephone apparatus market was finally on the rise to reach $X in 2022, after four years of decline. Over the period under review, the total consumption indicated a noticeable increase from 2012 to 2022: its value increased at an average annual rate of +4.1% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, consumption decreased by -29.2% against 2017 indices. Over the period under review, the market reached the maximum level at $X in 2017; however, from 2018 to 2022, consumption failed to regain momentum.

Telephone Apparatus Exports

Exports from Kuwait

In 2022, shipments abroad of telephone apparatus decreased by -10.1% to X tons for the first time since 2019, thus ending a two-year rising trend. Overall, exports showed a dramatic contraction. The growth pace was the most rapid in 2020 with an increase of 134%. Over the period under review, the exports hit record highs at X tons in 2014; however, from 2015 to 2022, the exports stood at a somewhat lower figure.

In value terms, telephone apparatus exports fell to $X in 2022. Over the period under review, exports faced a deep reduction. The growth pace was the most rapid in 2017 when exports increased by 93%. As a result, the exports attained the peak of $X. From 2018 to 2022, the growth of the exports remained at a lower figure.

Exports by Country

Hong Kong SAR (X tons) was the main destination for telephone apparatus exports from Kuwait, accounting for a 54% share of total exports. Moreover, telephone apparatus exports to Hong Kong SAR exceeded the volume sent to the second major destination, Qatar (X tons), sevenfold. The third position in this ranking was held by the Netherlands (X tons), with a 5.6% share.

From 2012 to 2021, the average annual rate of growth in terms of volume to Hong Kong SAR totaled +17.0%. Exports to the other major destinations recorded the following average annual rates of exports growth: Qatar (+88.1% per year) and the Netherlands (-7.2% per year).

In value terms, Hong Kong SAR ($X) remains the key foreign market for telephone apparatus exports from Kuwait, comprising 39% of total exports. The second position in the ranking was taken by Qatar ($X), with an 11% share of total exports. It was followed by the Netherlands, with a 5.5% share.

From 2012 to 2021, the average annual rate of growth in terms of value to Hong Kong SAR totaled +19.2%. Exports to the other major destinations recorded the following average annual rates of exports growth: Qatar (+103.8% per year) and the Netherlands (-0.7% per year).

Export Prices by Country

The average telephone apparatus export price stood at $X per ton in 2021, waning by -15.9% against the previous year. Overall, the export price, however, recorded a resilient expansion. The growth pace was the most rapid in 2016 when the average export price increased by 119% against the previous year. The export price peaked at $X per ton in 2019; however, from 2020 to 2021, the export prices stood at a somewhat lower figure.

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 Germany ($X per ton), while the average price for exports to Iraq ($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 Germany (+15.8%), while the prices for the other major destinations experienced more modest paces of growth.

Telephone Apparatus Imports

Imports into Kuwait

In 2022, supplies from abroad of telephone apparatus was finally on the rise to reach X tons after four years of decline. Overall, imports showed a relatively flat trend pattern. The pace of growth was the most pronounced in 2013 when imports increased by 148% against the previous year. As a result, imports attained the peak of X tons. From 2014 to 2022, the growth of imports remained at a somewhat lower figure.

In value terms, telephone apparatus imports skyrocketed to $X in 2022. Over the period under review, total imports indicated a measured increase from 2012 to 2022: its value increased at an average annual rate of +4.1% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. The most prominent rate of growth was recorded in 2013 when imports increased by 38% against the previous year. Imports peaked at $X in 2015; however, from 2016 to 2022, imports remained at a lower figure.

Imports by Country

The United Arab Emirates (X tons), China (X tons) and Hong Kong SAR (X tons) were the main suppliers of telephone apparatus imports to Kuwait, with a combined 88% share of total imports.

From 2012 to 2021, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by China (with a CAGR of +19.2%), while imports for the other leaders experienced mixed trend patterns.

In value terms, the largest telephone apparatus suppliers to Kuwait were the United Arab Emirates ($X), China ($X) and Hong Kong SAR ($X).

In terms of the main suppliers, China, with a CAGR of +15.7%, saw the highest rates of growth with regard to 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 telephone apparatus import price stood at $X per ton in 2021, picking up by 14% against the previous year. In general, import price indicated a moderate increase from 2012 to 2021: its price increased at an average annual rate of +2.9% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, telephone apparatus import price increased by +48.4% against 2017 indices. The pace of growth appeared the most rapid in 2014 an increase of 75% against the previous year. The import price peaked in 2021 and is expected to retain growth in years to come.

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 Hong Kong SAR ($X per ton), while the price for the United States ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Hong Kong SAR (+6.5%), while the prices for the other major suppliers experienced a decline.

Source: IndexBox Platform

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