Kuwait - Microwave Ovens - Market Analysis, Forecast, Size, Trends and Insights
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View PricingMicrowave Oven Price in Kuwait - 2022
Contents:
- Microwave Oven Price in Kuwait (CIF) - 2021
- Microwave Oven Price in Kuwait (FOB) - 2022
- Microwave Oven Imports in Kuwait
- Microwave Oven Exports in Kuwait
Microwave Oven Price in Kuwait (CIF) - 2021
In December 2021, the average microwave oven import price amounted to $103 per unit, rising by 160% against the previous month. In general, the import price continues to indicate a measured increase. As a result, import price attained the peak level and is likely to continue growth in the immediate term.
Average prices varied noticeably amongst the major supplying countries. In December 2021, the country with the highest price was Malaysia ($110 per unit), while the price for China stood at $97.3 per unit.
From January 2021 to December 2021, the most notable rate of growth in terms of prices was attained by China (+3.3%).
Microwave Oven Price in Kuwait (FOB) - 2022
The average microwave oven export price stood at $69 per unit in 2022, surging by 1.5% against the previous year. Overall, the export price, however, continues to indicate a relatively flat trend pattern. The growth pace was the most rapid in 2017 when the average export price increased by 112% against the previous year. As a result, the export price reached the peak level of $171 per unit. From 2018 to 2022, the average export prices remained at a lower figure.
There were significant differences in the average prices for the major external markets. In 2022, amid the top suppliers, the country with the highest price was the United Arab Emirates ($87 per unit), while the average price for exports to Kenya ($41 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 Ghana (+4.7%), while the prices for the other major destinations experienced mixed trend patterns.
Microwave Oven Imports in Kuwait
In 2022, imports of microwave ovens into Kuwait dropped to 85K units, reducing by -10.2% on 2021 figures. Over the period under review, imports continue to indicate a pronounced decrease. The most prominent rate of growth was recorded in 2021 with an increase of 26% against the previous year. As a result, imports attained the peak of 94K units, and then contracted in the following year.
In value terms, microwave oven imports contracted to $5.8M in 2022. Overall, imports recorded a mild reduction. The growth pace was the most rapid in 2021 with an increase of 20%. As a result, imports reached the peak of $6.3M, and then dropped in the following year.
| Import of Microwave Oven in Kuwait (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| China | 3.9 | 3.7 | 3.5 | 3.6 | -2.6% |
| Malaysia | 1.0 | 0.9 | 1.1 | 0.7 | -11.2% |
| United Arab Emirates | 0.4 | 0.5 | 0.5 | 0.5 | 7.7% |
| Others | 0.7 | 0.2 | 1.2 | 0.9 | 8.7% |
| Total | 6.0 | 5.3 | 6.3 | 5.8 | -1.1% |
Top Suppliers of Microwave Oven to Kuwait in 2022:
- China (60.8K units)
- Malaysia (8.7K units)
- United Arab Emirates (6.0K units)
Microwave Oven Exports in Kuwait
In 2022, microwave oven exports from Kuwait dropped notably to 163 units, reducing by -16.4% against the previous year. Over the period under review, total exports indicated pronounced growth from 2019 to 2022: its volume increased at an average annual rate of +4.2% over the last three-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, exports increased by +28.3% against 2020 indices. The most prominent rate of growth was recorded in 2021 when exports increased by 54%. As a result, the exports reached the peak of 195 units, and then dropped remarkably in the following year.
In value terms, microwave oven exports contracted sharply to $11K in 2022. Overall, exports recorded a perceptible downturn. The most prominent rate of growth was recorded in 2021 when exports increased by 43% against the previous year. As a result, the exports reached the peak of $13K, and then declined markedly in the following year.
| Export of Microwave Oven in Kuwait (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Lebanon | 1.8 | 7.8 | 9.8 | 7.1 | 58.0% |
| Nepal | N/A | 0.3 | 2.6 | 3.0 | 216.2% |
| United Arab Emirates | N/A | N/A | N/A | 0.9 | 0% |
| Kenya | N/A | 0.2 | N/A | 0.1 | -29.3% |
| Comoros | 0.4 | 0.2 | N/A | N/A | -50.0% |
| Egypt | 0.7 | 0.4 | N/A | N/A | -42.9% |
| Ghana | 7.5 | N/A | N/A | N/A | 0% |
| Others | 1.8 | 0.4 | 0.9 | 0.2 | -51.9% |
| Total | 12.2 | 9.3 | 13.3 | 11.3 | -2.5% |
Top Export Markets for Microwave Oven from Kuwait in 2022:
- Lebanon (94.0 units)
- Nepal (53.0 units)
- United Arab Emirates (10.0 units)
- Kenya (3.0 units)
This report provides an in-depth analysis of the microwave oven 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 27512700 - Domestic microwave ovens
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.
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1. INTRODUCTION
Making Data-Driven Decisions to Grow Your Business
- REPORT DESCRIPTION
- RESEARCH METHODOLOGY AND AI PLATFORM
- DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
- GLOSSARY AND SPECIFIC TERMS
-
2. EXECUTIVE SUMMARY
A Quick Overview of Market Performance
- KEY FINDINGS
- MARKET TRENDS This Chapter is Available Only for the Professional Edition PRO
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3. MARKET OVERVIEW
Understanding the Current State of The Market and Its Prospects
- MARKET SIZE
- MARKET STRUCTURE
- TRADE BALANCE
- PER CAPITA CONSUMPTION
- 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- TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
- BEST-SELLING PRODUCTS
- MOST CONSUMED PRODUCT
- MOST TRADED PRODUCT
- MOST PROFITABLE PRODUCT FOR EXPORT
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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- TOP COUNTRIES TO SOURCE YOUR PRODUCT
- TOP PRODUCING COUNTRIES
- TOP EXPORTING COUNTRIES
- LOW-COST EXPORTING COUNTRIES
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6. MOST PROMISING OVERSEAS MARKETS
Choosing the Best Countries to Boost Your Exports
This Chapter is Available Only for the Professional Edition PRO- TOP OVERSEAS MARKETS FOR EXPORTING YOUR PRODUCT
- TOP CONSUMING MARKETS
- UNSATURATED MARKETS
- TOP IMPORTING MARKETS
- MOST PROFITABLE MARKETS
7. PRODUCTION
The Latest Trends and Insights into The Industry
- PRODUCTION VOLUME AND VALUE
8. IMPORTS
The Largest Import Supplying Countries
- IMPORTS FROM 2012–2023
- IMPORTS BY COUNTRY
- IMPORT PRICES BY COUNTRY
9. EXPORTS
The Largest Destinations for Exports
- EXPORTS FROM 2012–2023
- EXPORTS BY COUNTRY
- EXPORT PRICES BY COUNTRY
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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
- Key Findings In 2023
- Market Volume, In Physical Terms, 2012–2023
- Market Value, 2012–2023
- Per Capita Consumption In 2012-2023
- Imports, In Physical Terms, By Country, 2012–2023
- Imports, In Value Terms, By Country, 2012–2023
- Import Prices, By Country Of Origin, 2012–2023
- Exports, In Physical Terms, By Country, 2012–2023
- Exports, In Value Terms, By Country, 2012–2023
- Export Prices, By Country Of Destination, 2012–2023
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LIST OF FIGURES
- Market Volume, In Physical Terms, 2012–2023
- Market Value, 2012–2023
- Market Structure – Domestic Supply vs. Imports, In Physical Terms, 2012-2023
- Market Structure – Domestic Supply vs. Imports, In Value Terms, 2012-2023
- Trade Balance, In Physical Terms, 2012-2023
- Trade Balance, In Value Terms, 2012-2023
- Per Capita Consumption, 2012-2023
- Market Volume Forecast to 2030
- Market Value Forecast to 2030
- Products: Market Size And Growth, By Type
- Products: Average Per Capita Consumption, By Type
- Products: Exports And Growth, By Type
- Products: Export Prices And Growth, By Type
- Production Volume And Growth
- Exports And Growth
- Export Prices And Growth
- Market Size And Growth
- Per Capita Consumption
- Imports And Growth
- Import Prices
- Production, In Physical Terms, 2012–2023
- Production, In Value Terms, 2012–2023
- Imports, In Physical Terms, 2012–2023
- Imports, In Value Terms, 2012–2023
- Imports, In Physical Terms, By Country, 2023
- Imports, In Physical Terms, By Country, 2012–2023
- Imports, In Value Terms, By Country, 2012–2023
- Import Prices, By Country Of Origin, 2012–2023
- Exports, In Physical Terms, 2012–2023
- Exports, In Value Terms, 2012–2023
- Exports, In Physical Terms, By Country, 2023
- Exports, In Physical Terms, By Country, 2012–2023
- Exports, In Value Terms, By Country, 2012–2023
- Export Prices, By Country Of Destination, 2012–2023
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