Kuwait: Travel Set Market 2024

Travel Set Market Size in Kuwait

In 2021, the Kuwaiti travel set market decreased by -20.7% to $X, falling for the second consecutive year after three years of growth. In general, consumption saw a deep reduction. Over the period under review, the market attained the maximum level at $X in 2019; however, from 2020 to 2021, consumption stood at a somewhat lower figure.

Travel Set Production in Kuwait

In value terms, travel set production shrank significantly to $X in 2021 estimated in export price. In general, production saw a noticeable shrinkage. The growth pace was the most rapid in 2014 when the production volume increased by 157% against the previous year. Over the period under review, production reached the peak level at $X in 2020, and then fell remarkably in the following year.

Travel Set Exports

Exports from Kuwait

In 2021, exports of travel sets from Kuwait surged to X units, jumping by 70% on the previous year's figure. Over the period under review, exports showed a significant increase. The growth pace was the most rapid in 2015 with an increase of 1,013%. The exports peaked in 2021 and are likely to see steady growth in the immediate term.

In value terms, travel set exports expanded markedly to $X in 2021. Overall, exports posted a significant increase. The pace of growth appeared the most rapid in 2015 with an increase of 1,363% against the previous year. Over the period under review, the exports hit record highs in 2021 and are expected to retain growth in years to come.

Exports by Country

Nigeria (X units), Qatar (X units) and the UK (X units) were the main destinations of travel set exports from Kuwait, with a combined 65% share of total exports.

From 2012 to 2021, the biggest increases were recorded for Nigeria (with a CAGR of +268.9%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, the largest markets for travel set exported from Kuwait were Saudi Arabia ($X), Qatar ($X) and the UK ($X), together accounting for 79% of total exports.

In terms of the main countries of destination, Qatar, with a CAGR of +83.9%, saw 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

In 2021, the average travel set export price amounted to $X per unit, waning by -33.6% against the previous year. In general, the export price, however, saw prominent growth. The most prominent rate of growth was recorded in 2020 when the average export price increased by 69% against the previous year. As a result, the export price attained the peak level of $X per unit, and then declined remarkably in the following year.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Saudi Arabia ($X per unit), while the average price for exports to Nigeria ($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 Nigeria (+61.1%), while the prices for the other major destinations experienced more modest paces of growth.

Travel Set Imports

Imports into Kuwait

In 2021, overseas purchases of travel sets increased by 21% to X units for the first time since 2018, thus ending a two-year declining trend. In general, imports saw a relatively flat trend pattern. The most prominent rate of growth was recorded in 2017 with an increase of 245% against the previous year. Over the period under review, imports attained the maximum at X units in 2015; however, from 2016 to 2021, imports remained at a lower figure.

In value terms, travel set imports soared to $X in 2021. Overall, imports, however, saw a pronounced curtailment. The pace of growth appeared the most rapid in 2017 with an increase of 189% against the previous year. Over the period under review, imports reached the maximum at $X in 2019; however, from 2020 to 2021, imports stood at a somewhat lower figure.

Imports by Country

In 2021, China (X units) constituted the largest supplier of travel set to Kuwait, accounting for a 51% share of total imports. Moreover, travel set imports from China exceeded the figures recorded by the second-largest supplier, the United Arab Emirates (X units), fivefold. The third position in this ranking was held by Syrian Arab Republic (X units), with a 5.2% share.

From 2012 to 2021, the average annual rate of growth in terms of volume from China totaled -4.1%. The remaining supplying countries recorded the following average annual rates of imports growth: the United Arab Emirates (+13.7% per year) and Syrian Arab Republic (+28.6% per year).

In value terms, China ($X) constituted the largest supplier of travel sets to Kuwait, comprising 44% of total imports. The second position in the ranking was held by France ($X), with an 11% share of total imports. It was followed by Poland, with a 10% share.

From 2012 to 2021, the average annual rate of growth in terms of value from China stood at -8.6%. The remaining supplying countries recorded the following average annual rates of imports growth: France (+23.2% per year) and Poland (+151.1% per year).

Import Prices by Country

The average travel set import price stood at $X per unit in 2021, surging by 3.6% against the previous year. Overall, the import price, however, saw a perceptible setback. The pace of growth appeared the most rapid in 2015 when the average import price increased by 21%. The import price peaked at $X per unit in 2019; however, from 2020 to 2021, import prices remained at a lower figure.

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

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Poland (+28.7%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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