Kuwait - Relays - Market Analysis, Forecast, Size, Trends and Insights
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View PricingRelay Price in Kuwait - 2021
Contents:
- Relay Price in Kuwait (CIF) - 2022
- Relay Price in Kuwait (FOB) - 2022
- Relay Imports in Kuwait
- Relay Exports in Kuwait
Relay Price in Kuwait (CIF) - 2022
The average relay import price stood at $4.3 per unit in 2022, with an increase of 12% against the previous year. Over the period under review, the import price continues to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in 2018 an increase of 24% against the previous year. The import price peaked at $5 per unit in 2019; however, from 2020 to 2022, import prices failed to regain momentum.
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 ($7.2 per unit), while the price for Portugal ($1.1 per unit) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Spain (+11.8%), while the prices for the other major suppliers experienced more modest paces of growth.
Relay Price in Kuwait (FOB) - 2022
The average relay export price stood at $1.3 per unit in 2022, declining by -31.3% against the previous year. Overall, the export price showed a deep reduction. The most prominent rate of growth was recorded in 2015 when the average export price increased by 78%. As a result, the export price reached the peak level of $4.5 per unit. From 2016 to 2022, the average export prices failed to regain momentum.
There were significant differences in the average prices for the major external markets. In 2022, amid the top suppliers, the country with the highest price was Hong Kong SAR ($9.8 per unit), while the average price for exports to the United Arab Emirates ($0.2 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 Oman (+13.2%), while the prices for the other major destinations experienced more modest paces of growth.
Relay Imports in Kuwait
In 2022, the amount of relays imported into Kuwait declined rapidly to 3.5M units, with a decrease of -27% against 2021 figures. Over the period under review, imports continue to indicate a deep setback. The pace of growth appeared the most rapid in 2021 when imports increased by 82%. Over the period under review, imports hit record highs at 4.9M units in 2019; however, from 2020 to 2022, imports remained at a lower figure.
In value terms, relay imports dropped sharply to $15M in 2022. In general, imports showed a deep reduction. The pace of growth was the most pronounced in 2021 with an increase of 56%. Imports peaked at $24M in 2019; however, from 2020 to 2022, imports failed to regain momentum.
| Import of Relay in Kuwait (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Germany | 5.6 | 1.7 | 3.5 | 5.7 | 0.6% |
| India | 0.8 | 0.4 | 1.3 | 1.1 | 11.2% |
| France | 1.0 | 0.3 | 0.7 | 0.8 | -7.2% |
| United Kingdom | 4.2 | 4.4 | 2.7 | 0.7 | -45.0% |
| Japan | 1.1 | 0.3 | 1.7 | 0.7 | -14.0% |
| China | 1.7 | 1.3 | 3.4 | 0.7 | -25.6% |
| Spain | 0.6 | 0.2 | 0.3 | 0.7 | 5.3% |
| United States | 3.3 | 0.7 | 1.2 | 0.5 | -46.7% |
| Taiwan (Chinese) | 0.3 | 0.1 | 0.2 | 0.3 | 0.0% |
| Indonesia | 0.2 | 0.1 | 0.2 | 0.3 | 14.5% |
| Vietnam | N/A | N/A | 0.2 | 0.2 | 0.0% |
| Thailand | N/A | N/A | 0.1 | 0.2 | 100.0% |
| Portugal | N/A | N/A | 0.1 | 0.1 | 0.0% |
| Others | 5.1 | 2.3 | 3.0 | 3.5 | -11.8% |
| Total | 24.1 | 12.0 | 18.6 | 15.3 | -14.1% |
Top Suppliers of Relay to Kuwait in 2022:
- Germany (788.7K units)
- China (599.0K units)
- United States (187.0K units)
- United Kingdom (176.4K units)
- France (166.8K units)
- Japan (161.4K units)
- India (160.8K units)
- Portugal (130.0K units)
- Spain (103.5K units)
- Vietnam (102.7K units)
- Taiwan (Chinese) (87.9K units)
- Thailand (87.8K units)
- Indonesia (81.9K units)
Relay Exports in Kuwait
After two years of decline, shipments abroad of relays increased by 20% to 24K units in 2022. Overall, exports, however, showed a dramatic downturn. The exports peaked at 122K units in 2019; however, from 2020 to 2022, the exports stood at a somewhat lower figure.
In value terms, relay exports dropped remarkably to $31K in 2022. Over the period under review, exports, however, faced a precipitous decrease. The pace of growth appeared the most rapid in 2021 when exports increased by 54% against the previous year. Over the period under review, the exports attained the peak figure at $119K in 2019; however, from 2020 to 2022, the exports stood at a somewhat lower figure.
| Export of Relay in Kuwait (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Hong Kong SAR | 29.4 | 7.2 | 13.1 | 10.5 | -29.1% |
| Bahrain | 9.5 | 2.3 | 4.2 | 3.4 | -29.0% |
| United Arab Emirates | 20.7 | 2.2 | 2.0 | 2.7 | -49.3% |
| Singapore | 6.6 | 1.6 | 2.7 | 2.1 | -31.7% |
| Iran | 2.4 | 2.4 | 0.7 | 1.7 | -10.9% |
| Oman | 6.6 | 0.3 | 2.5 | 1.7 | -36.4% |
| India | 0.4 | 1.0 | 2.1 | 1.4 | 51.8% |
| Finland | 5.5 | 1.8 | 2.3 | 0.8 | -47.4% |
| United States | 6.5 | 0.7 | 0.2 | 0.8 | -50.3% |
| Saudi Arabia | 1.4 | 0.4 | 0.6 | 0.5 | -29.1% |
| China | 3.6 | N/A | N/A | N/A | 0% |
| Tunisia | 0.1 | N/A | N/A | N/A | 0% |
| Others | 26.4 | 4.5 | 7.0 | 5.5 | -40.7% |
| Total | 119 | 24.3 | 37.6 | 30.9 | -36.2% |
Top Export Markets for Relay from Kuwait in 2022:
- United Arab Emirates (11.0K units)
- Bahrain (4.2K units)
- Iran (3.5K units)
- Hong Kong SAR (1.1K units)
- United States (0.7K units)
- Saudi Arabia (0.5K units)
- Singapore (0.5K units)
- Oman (0.5K units)
- Finland (0.4K units)
- India (0.4K units)
This report provides an in-depth analysis of the relay market in Kuwait. Within it, you will discover the latest data on market trends and opportunities by country, consumption, production and price developments, as well as the global trade (imports and exports). The forecast exhibits the market prospects through 2030.
Product coverage:
- Prodcom 27122433 - Relays for a voltage . .60 V and for a current . 2 A
- Prodcom 27122435 - Relays for a voltage . .60 V and for a current > 2 A
- Prodcom 27122450 - Relays and contactors for a voltage > .60 V but . 1 kV
Country coverage:
- Kuwait
Data coverage:
- Market volume and value
- Per Capita consumption
- Forecast of the market dynamics in the medium term
- Trade (exports and imports) in Kuwait
- Export and import prices
- Market trends, drivers and restraints
- Key market players and their profiles
Reasons to buy this report:
- Take advantage of the latest data
- Find deeper insights into current market developments
- Discover vital success factors affecting the market
This report is designed for manufacturers, distributors, importers, and wholesalers, as well as for investors, consultants and advisors.
In this report, you can find information that helps you to make informed decisions on the following issues:
- How to diversify your business and benefit from new market opportunities
- How to load your idle production capacity
- How to boost your sales on overseas markets
- How to increase your profit margins
- How to make your supply chain more sustainable
- How to reduce your production and supply chain costs
- How to outsource production to other countries
- How to prepare your business for global expansion
While doing this research, we combine the accumulated expertise of our analysts and the capabilities of artificial intelligence. The AI-based platform, developed by our data scientists, constitutes the key working tool for business analysts, empowering them to discover deep insights and ideas from the marketing data.
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1. INTRODUCTION
Making Data-Driven Decisions to Grow Your Business
- REPORT DESCRIPTION
- RESEARCH METHODOLOGY AND AI PLATFORM
- DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
- GLOSSARY AND SPECIFIC TERMS
-
2. EXECUTIVE SUMMARY
A Quick Overview of Market Performance
- KEY FINDINGS
- MARKET TRENDS This Chapter is Available Only for the Professional Edition PRO
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3. MARKET OVERVIEW
Understanding the Current State of The Market and Its Prospects
- MARKET SIZE
- MARKET STRUCTURE
- TRADE BALANCE
- PER CAPITA CONSUMPTION
- MARKET FORECAST TO 2030
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4. MOST PROMISING PRODUCT
Finding New Products to Diversify Your Business
This Chapter is Available Only for the Professional Edition PRO- TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
- BEST-SELLING PRODUCTS
- MOST CONSUMED PRODUCT
- MOST TRADED PRODUCT
- MOST PROFITABLE PRODUCT FOR EXPORT
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5. MOST PROMISING SUPPLYING COUNTRIES
Choosing the Best Countries to Establish Your Sustainable Supply Chain
This Chapter is Available Only for the Professional Edition PRO- TOP COUNTRIES TO SOURCE YOUR PRODUCT
- TOP PRODUCING COUNTRIES
- TOP EXPORTING COUNTRIES
- LOW-COST EXPORTING COUNTRIES
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6. MOST PROMISING OVERSEAS MARKETS
Choosing the Best Countries to Boost Your Exports
This Chapter is Available Only for the Professional Edition PRO- TOP OVERSEAS MARKETS FOR EXPORTING YOUR PRODUCT
- TOP CONSUMING MARKETS
- UNSATURATED MARKETS
- TOP IMPORTING MARKETS
- MOST PROFITABLE MARKETS
7. PRODUCTION
The Latest Trends and Insights into The Industry
- PRODUCTION VOLUME AND VALUE
8. IMPORTS
The Largest Import Supplying Countries
- IMPORTS FROM 2012–2023
- IMPORTS BY COUNTRY
- IMPORT PRICES BY COUNTRY
9. EXPORTS
The Largest Destinations for Exports
- EXPORTS FROM 2012–2023
- EXPORTS BY COUNTRY
- EXPORT PRICES BY COUNTRY
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10. PROFILES OF MAJOR PRODUCERS
The Largest Producers on The Market and Their Profiles
This Chapter is Available Only for the Professional Edition PRO -
LIST OF TABLES
- Key Findings In 2023
- Market Volume, In Physical Terms, 2012–2023
- Market Value, 2012–2023
- Per Capita Consumption In 2012-2023
- Imports, In Physical Terms, By Country, 2012–2023
- Imports, In Value Terms, By Country, 2012–2023
- Import Prices, By Country Of Origin, 2012–2023
- Exports, In Physical Terms, By Country, 2012–2023
- Exports, In Value Terms, By Country, 2012–2023
- Export Prices, By Country Of Destination, 2012–2023
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LIST OF FIGURES
- Market Volume, In Physical Terms, 2012–2023
- Market Value, 2012–2023
- Market Structure – Domestic Supply vs. Imports, In Physical Terms, 2012-2023
- Market Structure – Domestic Supply vs. Imports, In Value Terms, 2012-2023
- Trade Balance, In Physical Terms, 2012-2023
- Trade Balance, In Value Terms, 2012-2023
- Per Capita Consumption, 2012-2023
- Market Volume Forecast to 2030
- Market Value Forecast to 2030
- Products: Market Size And Growth, By Type
- Products: Average Per Capita Consumption, By Type
- Products: Exports And Growth, By Type
- Products: Export Prices And Growth, By Type
- Production Volume And Growth
- Exports And Growth
- Export Prices And Growth
- Market Size And Growth
- Per Capita Consumption
- Imports And Growth
- Import Prices
- Production, In Physical Terms, 2012–2023
- Production, In Value Terms, 2012–2023
- Imports, In Physical Terms, 2012–2023
- Imports, In Value Terms, 2012–2023
- Imports, In Physical Terms, By Country, 2023
- Imports, In Physical Terms, By Country, 2012–2023
- Imports, In Value Terms, By Country, 2012–2023
- Import Prices, By Country Of Origin, 2012–2023
- Exports, In Physical Terms, 2012–2023
- Exports, In Value Terms, 2012–2023
- Exports, In Physical Terms, By Country, 2023
- Exports, In Physical Terms, By Country, 2012–2023
- Exports, In Value Terms, By Country, 2012–2023
- Export Prices, By Country Of Destination, 2012–2023
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