Price for Electrical Insulators of Any Material in Kuwait - 2022

Contents:

1. Price for Electrical Insulators of Any Material in Kuwait (CIF) - 2022
2. Price for Electrical Insulators of Any Material in Kuwait (FOB) - 2022
3. Imports of Electrical Insulators of Any Material in Kuwait
4. Exports of Electrical Insulators of Any Material in Kuwait

Price for Electrical Insulators of Any Material in Kuwait (CIF) - 2022

The average import price for electrical insulators of any materials stood at $1.1 per unit in 2022, picking up by 106% against the previous year. In general, the import price saw a pronounced increase. The import price peaked at $1.2 per unit in 2014; however, from 2015 to 2022, import prices failed to regain momentum.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Switzerland ($2.2 per unit), while the price for Germany ($0.4 per unit) was amongst the lowest.

From 2013 to 2022, the most notable rate of growth in terms of prices was attained by India (+16.9%), while the prices for the other major suppliers experienced more modest paces of growth.

Price for Electrical Insulators of Any Material in Kuwait (FOB) - 2022

The average export price for electrical insulators of any materials stood at $0.7 per unit in 2022, surging by 82% against the previous year. In general, the export price saw a resilient increase. As a result, the export price attained the peak level and is likely to continue growth in the immediate term.

There were significant differences in the average prices for the major export markets. In 2022, amid the top suppliers, the country with the highest price was the United Arab Emirates ($1.4 per unit), while the average price for exports to India ($0.6 per unit) was amongst the lowest.

From 2013 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Japan (+206.0%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Electrical Insulators of Any Material in Kuwait

In 2022, supplies from abroad of electrical insulators of any materials decreased by -75.5% to 3.6M units, falling for the second year in a row after two years of growth. In general, imports recorded a sharp reduction. The pace of growth was the most pronounced in 2020 with an increase of 404%. As a result, imports reached the peak of 37M units. From 2021 to 2022, the growth of imports remained at a lower figure.

In value terms, electrical insulators of any material imports shrank notably to $3.9M in 2022. Over the period under review, imports saw a abrupt decline. The most prominent rate of growth was recorded in 2020 with an increase of 140% against the previous year. As a result, imports attained the peak of $14M. From 2021 to 2022, the growth of imports remained at a somewhat lower figure.

Top Suppliers of Electrical Insulators of Any Material to Kuwait in 2022:

1. Germany (1737.3K units)
2. India (885.4K units)
3. United Kingdom (334.4K units)
4. China (184.8K units)
5. Switzerland (163.7K units)
6. United States (104.4K units)
7. France (53.8K units)

Exports of Electrical Insulators of Any Material in Kuwait

In 2022, the amount of electrical insulators of any materials exported from Kuwait soared to 14K units, rising by 2,629% compared with the year before. In general, exports saw a significant expansion. The exports peaked at 20K units in 2020; however, from 2021 to 2022, the exports stood at a somewhat lower figure.

In value terms, electrical insulators of any material exports surged to $9.2K in 2022. Over the period under review, exports recorded a significant increase. As a result, the exports reached the peak and are likely to continue growth in the immediate term.

Top Export Markets for Electrical Insulators of Any Material from Kuwait in 2022:

1. India (11.8K units)
2. United Arab Emirates (1.3K units)
3. Oman (0.5K units)

Source: IndexBox Market Intelligence Platform