Price for Non-Keyboard Electrical Musical Instruments in Kuwait - 2021

Contents:

1. Price for Non-Keyboard Electrical Musical Instruments in Kuwait (CIF) - 2022
2. Price for Non-Keyboard Electrical Musical Instruments in Kuwait (FOB) - 2022
3. Imports of Non-Keyboard Electrical Musical Instruments in Kuwait
4. Exports of Non-Keyboard Electrical Musical Instruments in Kuwait

Price for Non-Keyboard Electrical Musical Instruments in Kuwait (CIF) - 2022

The average non-keyboard electrical musical instruments import price stood at $265 per unit in 2022, with an increase of 4.3% against the previous year. Over the period under review, the import price continues to indicate buoyant growth. The pace of growth appeared the most rapid in 2020 an increase of 56% against the previous year. The import price peaked in 2022 and is likely to see steady growth in the immediate term.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Spain ($813 per unit), while the price for Italy ($77 per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Spain (+26.4%), while the prices for the other major suppliers experienced more modest paces of growth.

Price for Non-Keyboard Electrical Musical Instruments in Kuwait (FOB) - 2022

In 2022, the average non-keyboard electrical musical instruments export price amounted to $226 per unit, increasing by 71% against the previous year. Over the period under review, the export price continues to indicate buoyant growth. The most prominent rate of growth was recorded in 2018 an increase of 208%. The export price peaked in 2022 and is expected to retain growth in the immediate term.

There were significant differences in the average prices for the major overseas markets. In 2022, amid the top suppliers, the country with the highest price was the United Arab Emirates ($392 per unit), while the average price for exports to Qatar ($31 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 the United Arab Emirates (+43.0%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Non-Keyboard Electrical Musical Instruments in Kuwait

In 2022, the amount of non-keyboard electrical musical instrumentses imported into Kuwait shrank markedly to 618 units, reducing by -16.1% on 2021. Over the period under review, imports recorded a precipitous descent. The growth pace was the most rapid in 2021 with an increase of 2.4% against the previous year. Over the period under review, imports hit record highs at 1.4K units in 2019; however, from 2020 to 2022, imports failed to regain momentum.

In value terms, non-keyboard electrical musical instruments imports dropped to $164K in 2022. Overall, imports saw a pronounced descent. The pace of growth appeared the most rapid in 2021 with an increase of 34% against the previous year. As a result, imports reached the peak of $187K, and then declined in the following year.

Top Suppliers of Non-Keyboard Electrical Musical Instruments to Kuwait in 2022:

1. China (296.0 units)
2. Indonesia (189.0 units)
3. Netherlands (22.0 units)
4. Belgium (21.0 units)
5. Italy (14.0 units)
6. Mexico (14.0 units)
7. United Arab Emirates (10.0 units)
8. United Kingdom (10.0 units)
9. United States (2.0 units)

Exports of Non-Keyboard Electrical Musical Instruments in Kuwait

Non-keyboard electrical musical instruments exports from Kuwait soared to 11 units in 2022, jumping by 38% on the previous year's figure. In general, exports, however, saw a perceptible downturn. The pace of growth was the most pronounced in 2020 with an increase of 58%. As a result, the exports reached the peak of 19 units. From 2021 to 2022, the growth of the exports remained at a lower figure.

In value terms, non-keyboard electrical musical instruments exports surged to $2.5K in 2022. Over the period under review, exports posted prominent growth. Over the period under review, the exports attained the maximum at $3.9K in 2020; however, from 2021 to 2022, the exports stood at a somewhat lower figure.

Top Export Markets for Non-Keyboard Electrical Musical Instruments from Kuwait in 2022:

1. Saudi Arabia (7.0 units)
2. Bahrain (1.0 units)
3. United Arab Emirates (1.0 units)
4. Qatar (1.0 units)
5. Thailand (1.0 units)

Source: IndexBox Market Intelligence Platform