Kuwait - Mobile Phones - Market Analysis, Forecast, Size, Trends And Insights
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View PricingMobile Phone Price in Kuwait - 2021
Contents:
- Mobile Phone Price in Kuwait (CIF) - 2021
- Mobile Phone Price in Kuwait (FOB) - 2021
- Mobile Phone Imports in Kuwait
- Mobile Phone Exports in Kuwait
Mobile Phone Price in Kuwait (CIF) - 2021
The average mobile phone import price stood at $279 per unit in December 2021, falling by -10.1% against the previous month. In general, the import price recorded a noticeable decline. The pace of growth was the most pronounced in July 2021 when the average import price increased by 62% month-to-month. Over the period under review, average import prices hit record highs at $560 per unit in February 2021; however, from March 2021 to December 2021, import prices failed to regain momentum.
There were significant differences in the average prices amongst the major supplying countries. In December 2021, the country with the highest price was China ($336 per unit), while the price for India ($180 per unit) was amongst the lowest.
From January 2021 to December 2021, the most notable rate of growth in terms of prices was attained by India (+0.6%), while the prices for the other major suppliers experienced a decline.
Mobile Phone Price in Kuwait (FOB) - 2021
In December 2021, the average mobile phone export price amounted to $855 per unit, increasing by 28% against the previous month. Overall, the export price showed a strong increase. The most prominent rate of growth was recorded in May 2021 when the average export price increased by 95% month-to-month. The export price peaked at $908 per unit in June 2021; however, from July 2021 to December 2021, the export prices stood at a somewhat lower figure.
There were significant differences in the average prices for the major foreign markets. In December 2021, the country with the highest price was the United Arab Emirates ($1,046 per unit), while the average price for exports to Hong Kong SAR stood at $62.2 per unit.
From January 2021 to December 2021, the most notable rate of growth in terms of prices was recorded for supplies to the United Arab Emirates (+10.7%).
Mobile Phone Imports in Kuwait
In 2022, after two years of decline, there was significant growth in purchases abroad of mobile phones, when their volume increased by 90% to 6.7M units. In general, imports saw a prominent expansion. As a result, imports reached the peak and are likely to continue growth in the immediate term.
In value terms, mobile phone imports skyrocketed to $1.8B in 2022. Over the period under review, imports continue to indicate a significant increase. As a result, imports reached the peak and are likely to continue growth in the immediate term.
| Import of Mobile Phone in Kuwait (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| United Arab Emirates | 764 | 646 | 652 | 1,357 | 21.1% |
| China | 174 | 113 | 189 | 289 | 18.4% |
| Hong Kong SAR | 40.4 | 35.0 | 36.3 | 84.6 | 27.9% |
| Others | 7.6 | 14.6 | 7.1 | 20.0 | 38.1% |
| Total | 987 | 808 | 885 | 1,751 | 21.1% |
Top Suppliers of Mobile Phone to Kuwait in 2022:
- United Arab Emirates (5.2M units)
- China (0.9M units)
- Hong Kong SAR (0.6M units)
Mobile Phone Exports in Kuwait
Mobile phone exports from Kuwait totaled 5.5K units in 2022, picking up by 6.8% compared with 2021. In general, exports recorded significant growth. The growth pace was the most rapid in 2020 with an increase of 125%. The exports peaked in 2022 and are likely to continue growth in the immediate term.
In value terms, mobile phone exports rose remarkably to $1M in 2022. Overall, exports saw a significant increase. The growth pace was the most rapid in 2020 with an increase of 160%. As a result, the exports attained the peak of $1.1M. From 2021 to 2022, the growth of the exports remained at a somewhat lower figure.
| Export of Mobile Phone in Kuwait (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| United Arab Emirates | 1.1 | 7.2 | 15.8 | 141 | 404.2% |
| Nepal | 0.9 | 0.5 | 25.8 | 130 | 424.7% |
| Morocco | 6.7 | 21.8 | 8.8 | 79.3 | 127.9% |
| Estonia | 0.6 | N/A | 9.4 | 68.3 | 384.6% |
| Ireland | 3.9 | 4.8 | N/A | 52.0 | 137.1% |
| Germany | 8.5 | 10.4 | 10.0 | 37.9 | 64.6% |
| South Korea | 0.2 | 1.5 | 10.0 | 26.0 | 406.6% |
| Spain | 2.6 | 3.0 | 5.2 | 20.9 | 100.3% |
| Philippines | N/A | N/A | 2.0 | 12.7 | 535.0% |
| Sri Lanka | 4.4 | 7.2 | 12.0 | 7.9 | 21.5% |
| Hong Kong SAR | 38.4 | 17.7 | 517 | N/A | 266.9% |
| Oman | 205 | 876 | 187 | N/A | -4.5% |
| United Kingdom | N/A | N/A | 46.9 | N/A | 0% |
| Others | 156 | 166 | 138 | 467 | 44.1% |
| Total | 429 | 1,116 | 988 | 1,043 | 34.5% |
Top Export Markets for Mobile Phone from Kuwait in 2022:
- Nepal (1729.0 units)
- Estonia (625.0 units)
- United Arab Emirates (515.0 units)
- Morocco (289.0 units)
- Ireland (189.0 units)
- Germany (138.0 units)
- South Korea (98.0 units)
- Philippines (82.0 units)
- Spain (79.0 units)
- Sri Lanka (69.0 units)
This report provides an in-depth analysis of the mobile phone 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 26302200 - Telephones for cellular networks or for other wireless networks
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
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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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