Price for Household or Laundry-Type Washing Machine in Kuwait - 2021
Contents:
- Price for Household or Laundry-Type Washing Machine in Kuwait (CIF) - 2022
- Price for Household or Laundry-Type Washing Machine in Kuwait (FOB) - 2022
- Imports of Household or Laundry-Type Washing Machine in Kuwait
- Exports of Household or Laundry-Type Washing Machine in Kuwait
Price for Household or Laundry-Type Washing Machine in Kuwait (CIF) - 2022
The average import price for household or laundry-type washing machines stood at $293 per unit in 2021, waning by -9.4% against the previous year. In general, the import price continues to indicate a abrupt decline. The pace of growth was the most pronounced in 2018 when the average import price increased by 5.6%. Over the period under review, average import prices hit record highs at $527 per unit in 2012; however, from 2013 to 2021, import prices stood at a somewhat lower figure.
As there is only one major supplying country, the average price level is determined by prices for the United Arab Emirates.
From 2012 to 2021, the rate of growth in terms of prices for Thailand amounted to +3.8% per year.
Price for Household or Laundry-Type Washing Machine in Kuwait (FOB) - 2022
In 2021, the average export price for household or laundry-type washing machines amounted to $197 per unit, with a decrease of -38.3% against the previous year. In general, the export price saw a mild downturn. The most prominent rate of growth was recorded in 2016 an increase of 150%. The export price peaked at $406 per unit in 2018; however, from 2019 to 2021, the export prices failed to regain momentum.
There were significant differences in the average prices for the major overseas markets. In 2021, amid the top suppliers, the country with the highest price was Nepal ($115 per unit), while the average price for exports to Senegal ($6.9 per unit) was amongst the lowest.
From 2012 to 2021, the most notable rate of growth in terms of prices was recorded for supplies to Lebanon (+10.9%), while the prices for the other major destinations experienced mixed trend patterns.
Imports of Household or Laundry-Type Washing Machine in Kuwait
In 2022, purchases abroad of household or laundry-type washing machines decreased by -9.2% to 110K units for the first time since 2018, thus ending a three-year rising trend. The total import volume increased at an average annual rate of +6.0% over the period from 2019 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The most prominent rate of growth was recorded in 2021 when imports increased by 23% against the previous year. As a result, imports reached the peak of 121K units, and then dropped in the following year.
In value terms, household or laundry-type washing machine imports contracted modestly to $34M in 2022. The total import value increased at an average annual rate of +2.2% from 2019 to 2022; however, the trend pattern remained relatively stable, with somewhat noticeable fluctuations in certain years. The most prominent rate of growth was recorded in 2021 with an increase of 11%. As a result, imports reached the peak of $35M, and then shrank modestly in the following year.
| Import of Household or Laundry-Type Washing Machine in Kuwait (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | CAGR, 2019-2021 | |
| United Arab Emirates | 1.3 | 0.7 | 31.7 | 393.8% | |
| Thailand | 4.7 | 4.6 | N/A | -2.1% | |
| South Korea | 2.4 | 1.1 | N/A | -54.2% | |
| Slovakia | 0.5 | 0.6 | N/A | 20.0% | |
| China | 14.4 | 16.2 | N/A | 12.5% | |
| Italy | 2.7 | 2.7 | N/A | 0.0% | |
| Turkey | 2.0 | 2.6 | N/A | 30.0% | |
| Others | 3.5 | 3.5 | 3.7 | 2.8% | |
| Total | 31.5 | 31.9 | 35.4 | 6.0% | |
Top Suppliers of Household or Laundry-Type Washing Machine to Kuwait in 2022:
- United Arab Emirates (131.0K units)
Exports of Household or Laundry-Type Washing Machine in Kuwait
In 2022, shipments abroad of household or laundry-type washing machines increased by 111% to 1.2K units for the first time since 2019, thus ending a two-year declining trend. Overall, exports, however, recorded a precipitous slump. Over the period under review, the exports hit record highs at 4.6K units in 2019; however, from 2020 to 2022, the exports remained at a lower figure.
In value terms, household or laundry-type washing machine exports surged to $356K in 2022. In general, exports, however, saw a sharp slump. The exports peaked at $1.8M in 2019; however, from 2020 to 2022, the exports stood at a somewhat lower figure.
| Export of Household or Laundry-Type Washing Machine in Kuwait (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | CAGR, 2019-2021 | |
| Egypt | 21.9 | 44.0 | 22.4 | 1.1% | |
| Lebanon | 4.3 | 5.0 | 18.4 | 106.9% | |
| Nepal | 1.0 | 0.2 | 1.7 | 30.4% | |
| Tanzania | N/A | 0.1 | 0.2 | 100.0% | |
| Senegal | N/A | N/A | 0.1 | 0% | |
| Ghana | 9.1 | N/A | N/A | 0% | |
| Others | 1,789 | 549 | 72.2 | -79.9% | |
| Total | 1,825 | 598 | 115 | -74.9% | |
Top Export Markets for Household or Laundry-Type Washing Machine from Kuwait in 2022:
- Egypt (198.0 units)
- Lebanon (161.0 units)
- Nepal (14.0 units)
- Tanzania (10.0 units)
- Senegal (7.0 units)
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