Price for Video Recording or Reproducing Apparatus; Other than Magnetic Tape-Type in Kuwait - 2022

Contents:

1. Price for Video Recording or Reproducing Apparatus; Other than Magnetic Tape-Type in Kuwait (CIF) - 2022
2. Price for Video Recording or Reproducing Apparatus; Other than Magnetic Tape-Type in Kuwait (FOB) - 2022
3. Imports of Video Recording or Reproducing Apparatus; Other than Magnetic Tape-Type in Kuwait
4. Exports of Video Recording or Reproducing Apparatus; Other than Magnetic Tape-Type in Kuwait

Price for Video Recording or Reproducing Apparatus; Other than Magnetic Tape-Type in Kuwait (CIF) - 2022

In 2022, the average import price for video recording or reproducing apparatus; other than magnetic tape-types amounted to $74 per unit, shrinking by -48.1% against the previous year. Overall, the import price, however, continues to indicate a modest increase. The pace of growth appeared the most rapid in 2018 an increase of 89% against the previous year. As a result, import price attained the peak level of $165 per unit. From 2019 to 2022, the average import prices remained at a lower figure.

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 South Korea ($640 per unit), while the price for China ($62 per unit) was amongst the lowest.

From 2013 to 2022, the most notable rate of growth in terms of prices was attained by South Korea (+19.3%), while the prices for the other major suppliers experienced more modest paces of growth.

Price for Video Recording or Reproducing Apparatus; Other than Magnetic Tape-Type in Kuwait (FOB) - 2022

In 2022, the average export price for video recording or reproducing apparatus; other than magnetic tape-types amounted to $128 per unit, shrinking by -19.7% against the previous year. In general, the export price, however, enjoyed a resilient expansion. The most prominent rate of growth was recorded in 2017 an increase of 488%. Over the period under review, the average export prices hit record highs at $211 per unit in 2018; however, from 2019 to 2022, the export prices remained at a lower figure.

Average prices varied somewhat for the major export markets. In 2022, amid the top suppliers, the country with the highest price was Egypt ($127 per unit), while the average price for exports to Saudi Arabia amounted to $90 per unit.

From 2013 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to the UK (+24.6%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Video Recording or Reproducing Apparatus; Other than Magnetic Tape-Type in Kuwait

In 2022, overseas purchases of video recording or reproducing apparatus; other than magnetic tape-types increased by 97% to 90K units for the first time since 2019, thus ending a two-year declining trend. Over the period under review, imports saw a resilient expansion. As a result, imports attained the peak and are likely to continue growth in the immediate term.

In value terms, imports of video recording or reproducing apparatus; other than magnetic tape-types rose to $6.7M in 2022. The total import value increased at an average annual rate of +3.8% over the period from 2019 to 2022; however, the trend pattern remained relatively stable, with somewhat noticeable fluctuations being observed throughout the analyzed period. The growth pace was the most rapid in 2021 with an increase of 18%. Over the period under review, imports of reached the peak figure in 2022 and are likely to continue growth in the near future.

Top Suppliers of Video Recording or Reproducing Apparatus; Other than Magnetic Tape-Type to Kuwait in 2022:

1. China (87.2K units)
2. United Arab Emirates (0.3K units)

Exports of Video Recording or Reproducing Apparatus; Other than Magnetic Tape-Type in Kuwait

For the third consecutive year, Kuwait recorded decline in overseas shipments of video recording or reproducing apparatus; other than magnetic tape-types, which decreased by -69.7% to 36 units in 2022. Over the period under review, exports recorded a precipitous contraction. The smallest decline of -27% was in 2021. The exports peaked at 799 units in 2019; however, from 2020 to 2022, the exports failed to regain momentum.

In value terms, exports of video recording or reproducing apparatus; other than magnetic tape-types contracted markedly to $4.6K in 2022. In general, exports saw a dramatic curtailment. The pace of growth was the most pronounced in 2021 with an increase of 147%. Over the period under review, the exports of hit record highs at $45K in 2019; however, from 2020 to 2022, the exports failed to regain momentum.

Top Export Markets for Video Recording or Reproducing Apparatus; Other than Magnetic Tape-Type from Kuwait in 2022:

1. Egypt (30.0 units)
2. Saudi Arabia (6.0 units)

Source: IndexBox Market Intelligence Platform