Price for Non-Furniture Refrigerating or Freezing Equipment in Kuwait - 2021
Contents:
- Price for Non-Furniture Refrigerating or Freezing Equipment in Kuwait (CIF) - 2022
- Price for Non-Furniture Refrigerating or Freezing Equipment in Kuwait (FOB) - 2022
- Imports of Non-Furniture Refrigerating or Freezing Equipment in Kuwait
- Exports of Non-Furniture Refrigerating or Freezing Equipment in Kuwait
Price for Non-Furniture Refrigerating or Freezing Equipment in Kuwait (CIF) - 2022
The average import price for non-furniture refrigerating or freezing equipment stood at $157 per unit in 2022, declining by -3.3% against the previous year. Overall, the import price saw a relatively flat trend pattern. The most prominent rate of growth was recorded in 2018 when the average import price increased by 11%. The import price peaked at $167 per unit in 2012; however, from 2013 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 Ireland ($270 per unit), while the price for the United Arab Emirates ($43 per unit) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by China (+5.4%), while the prices for the other major suppliers experienced more modest paces of growth.
Price for Non-Furniture Refrigerating or Freezing Equipment in Kuwait (FOB) - 2022
The average export price for non-furniture refrigerating or freezing equipment stood at $82 per unit in 2022, growing by 5.4% against the previous year. In general, the export price, however, saw a abrupt slump. The growth pace was the most rapid in 2019 when the average export price increased by 76% against the previous year. Over the period under review, the average export prices attained the maximum at $143 per unit in 2012; however, from 2013 to 2022, the export prices stood at a somewhat lower figure.
Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Qatar ($123 per unit), while the average price for exports to Iraq ($13 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 Jordan (+2.2%), while the prices for the other major destinations experienced a decline.
Imports of Non-Furniture Refrigerating or Freezing Equipment in Kuwait
In 2022, approx. 243K units of non-furniture refrigerating or freezing equipment were imported into Kuwait; declining by -16.8% on the previous year's figure. Overall, imports saw a abrupt setback. The most prominent rate of growth was recorded in 2021 when imports increased by 50%. Imports peaked at 314K units in 2019; however, from 2020 to 2022, imports failed to regain momentum.
In value terms, non-furniture refrigerating or freezing equipment imports contracted notably to $38M in 2022. Over the period under review, imports recorded a abrupt descent. The most prominent rate of growth was recorded in 2021 when imports increased by 64%. As a result, imports reached the peak of $47M, and then declined sharply in the following year.
| Import of Non-Furniture Refrigerating or Freezing Equipment in Kuwait (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| China | 4.8 | 4.7 | 13.7 | 12.5 | 37.6% |
| United States | 13.7 | 6.8 | 7.4 | 4.5 | -31.0% |
| France | 6.7 | 3.2 | 5.3 | 4.3 | -13.7% |
| Italy | 5.8 | 3.3 | 6.3 | 3.4 | -16.3% |
| Mexico | 1.7 | 1.2 | 1.3 | 2.7 | 16.7% |
| India | 1.7 | 0.9 | 1.9 | 1.3 | -8.6% |
| Ireland | 2.2 | 2.0 | 2.4 | 1.3 | -16.1% |
| South Korea | 0.5 | 0.7 | 1.4 | 1.1 | 30.1% |
| Germany | 2.5 | 0.8 | 0.9 | 1.0 | -26.3% |
| Malaysia | 0.4 | 1.1 | 0.3 | 0.6 | 14.5% |
| Saudi Arabia | 0.1 | N/A | 0.5 | 0.4 | 58.7% |
| Thailand | 0.3 | 0.3 | 0.5 | 0.4 | 10.1% |
| United Arab Emirates | 0.8 | 0.2 | 0.4 | 0.3 | -27.9% |
| Others | 3.5 | 3.5 | 5.0 | 4.4 | 7.9% |
| Total | 44.7 | 28.8 | 47.3 | 38.1 | -5.2% |
Top Suppliers of Non-Furniture Refrigerating or Freezing Equipment to Kuwait in 2022:
- China (86.8K units)
- France (30.1K units)
- Mexico (23.2K units)
- Italy (21.4K units)
- United States (19.5K units)
- South Korea (11.0K units)
- India (9.7K units)
- United Arab Emirates (7.5K units)
- Malaysia (6.3K units)
- Saudi Arabia (5.7K units)
- Ireland (4.8K units)
- Thailand (4.6K units)
- Germany (3.8K units)
Exports of Non-Furniture Refrigerating or Freezing Equipment in Kuwait
In 2022, approx. 13K units of non-furniture refrigerating or freezing equipment were exported from Kuwait; with a decrease of -19.4% compared with the year before. Over the period under review, exports showed a abrupt slump. The pace of growth appeared the most rapid in 2021 with an increase of 63%. Over the period under review, the exports reached the peak figure at 24K units in 2019; however, from 2020 to 2022, the exports stood at a somewhat lower figure.
In value terms, non-furniture refrigerating or freezing equipment exports reduced remarkably to $1M in 2022. Overall, exports recorded a deep setback. The pace of growth appeared the most rapid in 2021 with an increase of 43%. Over the period under review, the exports attained the peak figure at $1.4M in 2019; however, from 2020 to 2022, the exports stood at a somewhat lower figure.
| Export of Non-Furniture Refrigerating or Freezing Equipment in Kuwait (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Qatar | 462 | 427 | 732 | 641 | 11.5% |
| Saudi Arabia | 147 | 132 | 192 | 168 | 4.6% |
| United Arab Emirates | 367 | 158 | 128 | 64.5 | -44.0% |
| Iran | 86.2 | 5.7 | 37.9 | 33.1 | -27.3% |
| Jordan | 30.3 | 19.3 | 23.0 | 22.4 | -9.6% |
| Iraq | 57.3 | 24.4 | 17.2 | 15.0 | -36.0% |
| Oman | 8.3 | 8.9 | 0.4 | 7.8 | -2.0% |
| South Korea | 4.0 | N/A | N/A | N/A | 0% |
| Others | 195 | 80.1 | 92.7 | 88.2 | -23.2% |
| Total | 1,357 | 856 | 1,224 | 1,040 | -8.5% |
Top Export Markets for Non-Furniture Refrigerating or Freezing Equipment from Kuwait in 2022:
- Qatar (5.2K units)
- Saudi Arabia (3.5K units)
- Iran (1.2K units)
- Iraq (1.2K units)
- United Arab Emirates (1.0K units)
- Jordan (0.5K units)
- Oman (0.4K units)
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