Price for Lighters; Pocket, Cigarette, Gas Fuelled, Refillable in Kuwait - 2022

Contents:

1. Price for Lighters; Pocket, Cigarette, Gas Fuelled, Refillable in Kuwait (CIF) - 2022
2. Price for Lighters; Pocket, Cigarette, Gas Fuelled, Refillable in Kuwait (FOB) - 2022
3. Imports of Lighters; Pocket, Cigarette, Gas Fuelled, Refillable in Kuwait
4. Exports of Lighters; Pocket, Cigarette, Gas Fuelled, Refillable in Kuwait

Price for Lighters; Pocket, Cigarette, Gas Fuelled, Refillable in Kuwait (CIF) - 2022

The average import price for lighters; pocket, cigarette, gas fuelled, refillables stood at $0.2 per unit in 2022, dropping by -43% against the previous year. Over the period under review, the import price showed a abrupt descent. The pace of growth appeared the most rapid in 2015 when the average import price increased by 88%. Over the period under review, average import prices reached the maximum at $1.2 per unit in 2019; however, from 2020 to 2022, import prices stood at a somewhat 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 Hong Kong SAR ($0.7 per unit), while the price for China ($0.2 per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Hong Kong SAR (+5.8%), while the prices for the other major suppliers experienced a decline.

Price for Lighters; Pocket, Cigarette, Gas Fuelled, Refillable in Kuwait (FOB) - 2022

The average export price for lighters; pocket, cigarette, gas fuelled, refillables stood at $0.3 per unit in 2022, dropping by -21.9% against the previous year. In general, the export price faced a sharp shrinkage. The pace of growth appeared the most rapid in 2016 an increase of 140%. Over the period under review, the average export prices hit record highs at $6.9 per unit in 2012; however, from 2013 to 2022, the export prices failed to regain momentum.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was the United Arab Emirates ($0.5 per unit), while the average price for exports to Egypt ($0.1 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 Bahrain (-17.2%), while the prices for the other major destinations experienced a decline.

Imports of Lighters; Pocket, Cigarette, Gas Fuelled, Refillable in Kuwait

In 2022, approx. 3M units of lighters; pocket, cigarette, gas fuelled, refillables were imported into Kuwait; picking up by 117% on 2021. In general, imports enjoyed a significant increase. The most prominent rate of growth was recorded in 2020 when imports increased by 132%. Imports peaked in 2022 and are expected to retain growth in years to come.

In value terms, imports of lighters; pocket, cigarette, gas fuelled, refillables soared to $719K in 2022. The total import value increased at an average annual rate of +10.4% from 2019 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. As a result, imports attained the peak and are likely to continue growth in the immediate term.

Top Suppliers of Lighters; Pocket, Cigarette, Gas Fuelled, Refillable to Kuwait in 2022:

1. China (2670.1K units)
2. Spain (178.1K units)
3. Belgium (78.4K units)
4. United Arab Emirates (2.9K units)

Exports of Lighters; Pocket, Cigarette, Gas Fuelled, Refillable in Kuwait

For the fourth consecutive year, Kuwait recorded growth in overseas shipments of lighters; pocket, cigarette, gas fuelled, refillables, which increased by 46% to 2.6K units in 2022. In general, exports recorded a significant increase. The growth pace was the most rapid in 2021 when exports increased by 46% against the previous year. The exports peaked in 2022 and are likely to continue growth in the immediate term.

In value terms, exports of lighters; pocket, cigarette, gas fuelled, refillables stood at $795 in 2022. The total export value increased at an average annual rate of +14.2% from 2019 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The pace of growth appeared the most rapid in 2021 with an increase of 14% against the previous year. The exports peaked in 2022 and are expected to retain growth in the immediate term.

Top Export Markets for Lighters; Pocket, Cigarette, Gas Fuelled, Refillable from Kuwait in 2022:

1. Bahrain (1175.0 units)
2. Qatar (625.0 units)
3. United Arab Emirates (470.0 units)
4. Egypt (290.0 units)

Source: IndexBox Market Intelligence Platform