Price for Sound Recording or Reproducing Apparatus; Turntables (Record-Decks) in Kuwait - 2022
Contents:
- Price for Sound Recording or Reproducing Apparatus; Turntables (Record-Decks) in Kuwait (CIF) - 2022
- Price for Sound Recording or Reproducing Apparatus; Turntables (Record-Decks) in Kuwait (FOB) - 2022
- Imports of Sound Recording or Reproducing Apparatus; Turntables (Record-Decks) in Kuwait
- Exports of Sound Recording or Reproducing Apparatus; Turntables (Record-Decks) in Kuwait
Price for Sound Recording or Reproducing Apparatus; Turntables (Record-Decks) in Kuwait (CIF) - 2022
The average import price for sound recording or reproducing apparatus; turntables (record-decks)s stood at $163 per unit in 2022, with an increase of 31% against the previous year. In general, import price indicated buoyant growth from 2012 to 2022: its price increased at an average annual rate of +5.4% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, import price for sound recording or reproducing apparatus; turntables (record-decks)s increased by +18.4% against 2019 indices. The most prominent rate of growth was recorded in 2017 when the average import price increased by 89%. The import price peaked in 2022 and is likely to continue growth in the immediate term.
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 Germany ($1,471 per unit), while the price for Malaysia ($6.1 per unit) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Germany (+11.5%), while the prices for the other major suppliers experienced more modest paces of growth.
Price for Sound Recording or Reproducing Apparatus; Turntables (Record-Decks) in Kuwait (FOB) - 2022
In 2022, the average export price for sound recording or reproducing apparatus; turntables (record-decks)s amounted to $145 per unit, increasing by 18% against the previous year. Overall, the export price, however, continues to indicate a deep contraction. The most prominent rate of growth was recorded in 2018 an increase of 132%. Over the period under review, the average export prices attained the maximum at $626 per unit in 2013; however, from 2014 to 2022, the export prices failed to regain momentum.
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 ($284 per unit), while the average price for exports to Uganda amounted to $5 per unit.
From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Saudi Arabia (+42.9%), while the prices for the other major destinations experienced a decline.
Imports of Sound Recording or Reproducing Apparatus; Turntables (Record-Decks) in Kuwait
In 2022, after three years of growth, there was significant decline in purchases abroad of sound recording or reproducing apparatus; turntables (record-decks)s, when their volume decreased by -62.3% to 366 units. In general, imports, however, posted a significant expansion. The most prominent rate of growth was recorded in 2020 when imports increased by 478%. Imports peaked at 971 units in 2021, and then reduced markedly in the following year.
In value terms, imports of sound recording or reproducing apparatus; turntables (record-decks)s shrank remarkably to $60K in 2022. Overall, imports, however, showed a significant increase. The most prominent rate of growth was recorded in 2020 with an increase of 369%. Imports peaked at $121K in 2021, and then declined dramatically in the following year.
| Import of Sound Recording or Reproducing Apparatus; Turntables (Record-Decks) in Kuwait (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| China | 8.6 | 43.9 | 46.7 | 25.4 | 43.5% |
| United Arab Emirates | 5.0 | 48.2 | 58.5 | 13.8 | 40.3% |
| United Kingdom | 0.5 | 0.7 | 1.5 | 6.1 | 130.2% |
| United States | 0.8 | 0.4 | 1.5 | 2.9 | 53.6% |
| Thailand | 0.7 | 1.0 | 1.0 | 0.8 | 4.6% |
| Italy | 0.3 | 0.5 | 0.5 | 0.4 | 10.1% |
| Malaysia | 0.1 | 0.1 | 0.1 | 0.1 | 0.0% |
| Others | 6.2 | 9.2 | 11.0 | 10.2 | 18.1% |
| Total | 22.2 | 104 | 121 | 59.7 | 39.1% |
Top Suppliers of Sound Recording or Reproducing Apparatus; Turntables (Record-Decks) to Kuwait in 2022:
- China (212.0 units)
- United Arab Emirates (53.0 units)
- Italy (30.0 units)
- Malaysia (14.0 units)
- United States (8.0 units)
- United Kingdom (8.0 units)
- Thailand (6.0 units)
Exports of Sound Recording or Reproducing Apparatus; Turntables (Record-Decks) in Kuwait
Exports of sound recording or reproducing apparatus; turntables (record-decks)s from Kuwait stood at 2 units in 2022, remaining constant against 2021 figures. Over the period under review, exports faced a precipitous shrinkage. The smallest decline of -33.3% was in 2021. Over the period under review, the exports of attained the maximum at 6 units in 2019; however, from 2020 to 2022, the exports failed to regain momentum.
In value terms, exports of sound recording or reproducing apparatus; turntables (record-decks)s skyrocketed to $289 in 2022. Overall, exports showed a sharp reduction. The pace of growth appeared the most rapid in 2021 with an increase of 19%. The exports peaked at $960 in 2019; however, from 2020 to 2022, the exports remained at a lower figure.
| Export of Sound Recording or Reproducing Apparatus; Turntables (Record-Decks) in Kuwait (USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| United Arab Emirates | 954 | 194 | 240 | 284 | -33.2% |
| Uganda | 6.0 | 4.0 | 5.0 | 5.0 | -5.9% |
| Thailand | N/A | 8.0 | N/A | N/A | 0% |
| Others | N/A | N/A | N/A | N/A | 0% |
| Total | 960 | 206 | 245 | 289 | -33.0% |
Top Export Markets for Sound Recording or Reproducing Apparatus; Turntables (Record-Decks) from Kuwait in 2022:
- United Arab Emirates (1.0 units)
- Uganda (1.0 units)
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