Report Update Nov 1, 2024

Kuwait - Winding Wire for Electrical Purposes - Market Analysis, Forecast, Size, Trends and Insights

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Kuwait: Winding Wire Market 2024

Winding Wire Market Size in Kuwait

In 2022, the Kuwaiti winding wire market increased by 130% to $X, rising for the second consecutive year after two years of decline. Over the period under review, consumption recorded resilient growth. As a result, consumption attained the peak level and is likely to continue growth in the immediate term.

Winding Wire Production in Kuwait

In value terms, winding wire production surged to $X in 2022 estimated in export price. In general, production, however, continues to indicate a abrupt curtailment. The pace of growth was the most pronounced in 2013 with an increase of 97% against the previous year. As a result, production reached the peak level of $X. From 2014 to 2022, production growth failed to regain momentum.

Winding Wire Exports

Exports from Kuwait

In 2022, exports of winding wire for electrical purposes from Kuwait expanded significantly to X tons, increasing by 12% against the year before. In general, exports, however, faced a deep setback. The growth pace was the most rapid in 2019 when exports increased by 141% against the previous year. The exports peaked at X tons in 2013; however, from 2014 to 2022, the exports remained at a lower figure.

In value terms, winding wire exports expanded notably to $X in 2022. Overall, exports, however, recorded a deep downturn. The pace of growth appeared the most rapid in 2019 with an increase of 133%. The exports peaked at $X in 2013; however, from 2014 to 2022, the exports remained at a lower figure.

Exports by Country

Niger (X tons) was the main destination for winding wire exports from Kuwait, accounting for a approx. 100% share of total exports.

From 2012 to 2022, the average annual growth rate of volume to Niger was relatively modest.

In value terms, Niger ($X) emerged as the key foreign market for winding wire for electrical purposes exports from Kuwait.

From 2012 to 2022, the average annual growth rate of value to Niger was relatively modest.

Export Prices by Country

In 2022, the average winding wire export price amounted to $X per ton, shrinking by -1.9% against the previous year. Over the period under review, the export price recorded a relatively flat trend pattern. The most prominent rate of growth was recorded in 2021 an increase of 18% against the previous year. The export price peaked at $X per ton in 2012; however, from 2013 to 2022, the export prices remained at a lower figure.

As there is only one major export destination, the average price level is determined by prices for Niger.

From 2012 to 2022, the rate of growth in terms of prices for Bahrain amounted to -1.5% per year.

Winding Wire Imports

Imports into Kuwait

In 2022, purchases abroad of winding wire for electrical purposes increased by 85% to X tons, rising for the second consecutive year after two years of decline. In general, imports showed notable growth. Over the period under review, imports reached the peak figure at X tons in 2018; however, from 2019 to 2022, imports stood at a somewhat lower figure.

In value terms, winding wire imports soared to $X in 2022. Over the period under review, imports continue to indicate buoyant growth. As a result, imports reached the peak and are likely to continue growth in the immediate term.

Imports by Country

In 2022, India (X tons) constituted the largest winding wire supplier to Kuwait, accounting for a 82% share of total imports. Moreover, winding wire imports from India exceeded the figures recorded by the second-largest supplier, Egypt (X tons), more than tenfold. China (X tons) ranked third in terms of total imports with a 4.5% share.

From 2012 to 2022, the average annual growth rate of volume from India totaled +28.7%. The remaining supplying countries recorded the following average annual rates of imports growth: Egypt (-18.1% per year) and China (+13.0% per year).

In value terms, India ($X) constituted the largest supplier of winding wire for electrical purposes to Kuwait, comprising 84% of total imports. The second position in the ranking was held by Egypt ($X), with an 8% share of total imports. It was followed by Turkey, with a 3.5% share.

From 2012 to 2022, the average annual growth rate of value from India stood at +33.0%. The remaining supplying countries recorded the following average annual rates of imports growth: Egypt (-14.2% per year) and Turkey (+4.7% per year).

Import Prices by Country

The average winding wire import price stood at $X per ton in 2022, with an increase of 24% against the previous year. Overall, the import price continues to indicate moderate growth. The pace of growth was the most pronounced in 2021 an increase of 52% against the previous year. Over the period under review, average import prices hit record highs in 2022 and is expected to retain growth in the near future.

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

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Egypt (+4.7%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :

What are the largest markets for winding wire for electrical purposes in the world?

The countries with the highest volumes of in 2021 were China, the United States and Italy, together accounting for 43% of global consumption. India, Japan, Indonesia, Germany, Brazil, South Korea, Mexico, Vietnam and Poland lagged somewhat behind, together comprising a further 29%.

What are the largest producers of winding wire for electrical purposes in the world?

The country with the largest volume of winding wire production was China, accounting for 27% of total volume. Moreover, winding wire production in China exceeded the figures recorded by the second-largest producer, the United States, twofold. The third position in this ranking was occupied by Italy, with a 9.1% share.

What are the leading suppliers of winding wire for electrical purposes to Kuwait?

In value terms, India constituted the largest supplier of winding wire to Kuwait, comprising 81% of total imports. The second position in the ranking was occupied by Turkey, with an 11% share of total imports.

What is the average export price for winding wire for electrical purposes in Kuwait?

In 2021, the average winding wire export price amounted to $4,464 per ton, waning by -17.8% against the previous year.

What is the average import price for winding wire for electrical purposes in Kuwait?

In 2021, the average winding wire import price amounted to $8,250 per ton, jumping by 39% against the previous year.

This report provides an in-depth analysis of the winding wire 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 27321100 - Winding wire for electrical purposes

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.

1. INTRODUCTION

Making Data-Driven Decisions to Grow Your Business
1. REPORT DESCRIPTION
2. RESEARCH METHODOLOGY AND AI PLATFORM
3. DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
4. GLOSSARY AND SPECIFIC TERMS
2. EXECUTIVE SUMMARY

A Quick Overview of Market Performance
1. KEY FINDINGS
2. MARKET TRENDS This Chapter is Available Only for the Professional Edition PRO
3. MARKET OVERVIEW

Understanding the Current State of The Market and Its Prospects
1. MARKET SIZE
2. MARKET STRUCTURE
3. TRADE BALANCE
4. PER CAPITA CONSUMPTION
5. MARKET FORECAST TO 2030
4. MOST PROMISING PRODUCT

Finding New Products to Diversify Your Business
This Chapter is Available Only for the Professional Edition PRO
1. TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
2. BEST-SELLING PRODUCTS
3. MOST CONSUMED PRODUCT
4. MOST TRADED PRODUCT
5. MOST PROFITABLE PRODUCT FOR EXPORT
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
1. TOP COUNTRIES TO SOURCE YOUR PRODUCT
2. TOP PRODUCING COUNTRIES
3. TOP EXPORTING COUNTRIES
4. LOW-COST EXPORTING COUNTRIES
6. MOST PROMISING OVERSEAS MARKETS

Choosing the Best Countries to Boost Your Exports
This Chapter is Available Only for the Professional Edition PRO
1. TOP OVERSEAS MARKETS FOR EXPORTING YOUR PRODUCT
2. TOP CONSUMING MARKETS
3. UNSATURATED MARKETS
4. TOP IMPORTING MARKETS
5. MOST PROFITABLE MARKETS
7. PRODUCTION

The Latest Trends and Insights into The Industry
1. PRODUCTION VOLUME AND VALUE
8. IMPORTS
The Largest Import Supplying Countries
1. IMPORTS FROM 2012–2023
2. IMPORTS BY COUNTRY
3. IMPORT PRICES BY COUNTRY
9. EXPORTS
The Largest Destinations for Exports
1. EXPORTS FROM 2012–2023
2. EXPORTS BY COUNTRY
3. EXPORT PRICES BY COUNTRY
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
1. Key Findings In 2023
2. Market Volume, In Physical Terms, 2012–2023
3. Market Value, 2012–2023
4. Per Capita Consumption In 2012-2023
5. Imports, In Physical Terms, By Country, 2012–2023
6. Imports, In Value Terms, By Country, 2012–2023
7. Import Prices, By Country Of Origin, 2012–2023
8. Exports, In Physical Terms, By Country, 2012–2023
9. Exports, In Value Terms, By Country, 2012–2023
10. Export Prices, By Country Of Destination, 2012–2023
LIST OF FIGURES
1. Market Volume, In Physical Terms, 2012–2023
2. Market Value, 2012–2023
3. Market Structure – Domestic Supply vs. Imports, In Physical Terms, 2012-2023
4. Market Structure – Domestic Supply vs. Imports, In Value Terms, 2012-2023
5. Trade Balance, In Physical Terms, 2012-2023
6. Trade Balance, In Value Terms, 2012-2023
7. Per Capita Consumption, 2012-2023
8. Market Volume Forecast to 2030
9. Market Value Forecast to 2030
10. Products: Market Size And Growth, By Type
11. Products: Average Per Capita Consumption, By Type
12. Products: Exports And Growth, By Type
13. Products: Export Prices And Growth, By Type
14. Production Volume And Growth
15. Exports And Growth
16. Export Prices And Growth
17. Market Size And Growth
18. Per Capita Consumption
19. Imports And Growth
20. Import Prices
21. Production, In Physical Terms, 2012–2023
22. Production, In Value Terms, 2012–2023
23. Imports, In Physical Terms, 2012–2023
24. Imports, In Value Terms, 2012–2023
25. Imports, In Physical Terms, By Country, 2023
26. Imports, In Physical Terms, By Country, 2012–2023
27. Imports, In Value Terms, By Country, 2012–2023
28. Import Prices, By Country Of Origin, 2012–2023
29. Exports, In Physical Terms, 2012–2023
30. Exports, In Value Terms, 2012–2023
31. Exports, In Physical Terms, By Country, 2023
32. Exports, In Physical Terms, By Country, 2012–2023
33. Exports, In Value Terms, By Country, 2012–2023
34. Export Prices, By Country Of Destination, 2012–2023