Kuwait - Sparking Plugs - Market Analysis, Forecast, Size, Trends and Insights
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View PricingSpark Plug Price in Kuwait - 2021
Contents:
- Spark Plug Price in Kuwait (CIF) - 2022
- Spark Plug Price in Kuwait (FOB) - 2022
- Spark Plug Imports in Kuwait
- Spark Plug Exports in Kuwait
Spark Plug Price in Kuwait (CIF) - 2022
The average spark plug import price stood at $1.8 per unit in 2022, increasing by 38% against the previous year. Overall, the import price recorded pronounced growth. The growth pace was the most rapid in 2015 when the average import price increased by 136% against the previous year. As a result, import price attained the peak level of $2.4 per unit. From 2016 to 2022, the average import prices failed to regain momentum.
Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Indonesia ($7.8 per unit), while the price for the United Arab Emirates ($0.9 per unit) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by China (+13.2%), while the prices for the other major suppliers experienced more modest paces of growth.
Spark Plug Price in Kuwait (FOB) - 2022
In 2022, the average spark plug export price amounted to $5.5 per unit, with a decrease of -10.1% against the previous year. Over the period under review, export price indicated a strong increase from 2012 to 2022: its price increased at an average annual rate of +7.1% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, spark plug export price increased by +85.0% against 2018 indices. The pace of growth appeared the most rapid in 2013 an increase of 42%. Over the period under review, the average export prices attained the maximum at $6.1 per unit in 2021, and then dropped in the following year.
There were significant differences in the average prices for the major foreign markets. In 2022, amid the top suppliers, the country with the highest price was Singapore ($96 per unit), while the average price for exports to the United Arab Emirates ($3.2 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 Singapore (+56.2%), while the prices for the other major destinations experienced more modest paces of growth.
Spark Plug Imports in Kuwait
Spark plug imports into Kuwait contracted notably to 5.4M units in 2022, waning by -40.7% on 2021. Over the period under review, imports, however, saw a remarkable increase. The pace of growth appeared the most rapid in 2021 with an increase of 119% against the previous year. As a result, imports attained the peak of 9.2M units, and then fell remarkably in the following year.
In value terms, spark plug imports fell sharply to $9.8M in 2022. Overall, total imports indicated prominent growth from 2019 to 2022: its value increased at an average annual rate of +7.2% over the last three years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +29.0% against 2020 indices. The pace of growth appeared the most rapid in 2021 with an increase of 58%. As a result, imports attained the peak of $12M, and then reduced markedly in the following year.
| Import of Spark Plug in Kuwait (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| United Arab Emirates | 2.5 | 1.7 | 3.1 | 2.9 | 5.1% |
| Singapore | N/A | 1.3 | N/A | 1.9 | 20.9% |
| Indonesia | 0.6 | 0.8 | 1.8 | 1.7 | 41.5% |
| Japan | 2.4 | 1.8 | 3.9 | 0.7 | -33.7% |
| Germany | 0.3 | 0.2 | 0.4 | 0.5 | 18.6% |
| Thailand | 0.6 | 0.3 | 0.3 | 0.5 | -5.9% |
| United States | 0.3 | 0.6 | 0.6 | 0.3 | 0.0% |
| Others | 1.1 | 0.8 | 1.8 | 1.3 | 5.7% |
| Total | 7.9 | 7.6 | 11.9 | 9.8 | 7.4% |
Top Suppliers of Spark Plug to Kuwait in 2022:
- United Arab Emirates (3227.3K units)
- Japan (688.1K units)
- Singapore (673.0K units)
- Indonesia (213.5K units)
- Germany (174.7K units)
- United States (156.6K units)
- Thailand (95.3K units)
Spark Plug Exports in Kuwait
In 2022, after two years of decline, there was growth in shipments abroad of sparking plugs, when their volume increased by 3.8% to 39K units. Over the period under review, exports, however, recorded a perceptible downturn. The exports peaked at 45K units in 2019; however, from 2020 to 2022, the exports remained at a lower figure.
In value terms, spark plug exports declined to $215K in 2022. The total export value increased at an average annual rate of +7.6% from 2019 to 2022; the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The most prominent rate of growth was recorded in 2021 with an increase of 16%. As a result, the exports attained the peak of $231K, and then dropped in the following year.
| Export of Spark Plug in Kuwait (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| United Arab Emirates | 31.7 | 95.0 | 109 | 103 | 48.1% |
| Saudi Arabia | 44.1 | 8.7 | 35.5 | 33.6 | -8.7% |
| Hong Kong SAR | 49.3 | 37.1 | 27.6 | 31.1 | -14.2% |
| Singapore | 35.9 | 48.8 | 30.4 | 28.7 | -7.2% |
| Germany | 6.0 | 4.2 | 2.9 | 3.0 | -20.6% |
| Others | 6.1 | 6.3 | 25.5 | 15.9 | 37.6% |
| Total | 173 | 200 | 231 | 215 | 7.5% |
Top Export Markets for Spark Plug from Kuwait in 2022:
- United Arab Emirates (32.0K units)
- Saudi Arabia (4.3K units)
- Hong Kong SAR (2.0K units)
- Singapore (0.3K units)
- Germany (0.3K units)
This report provides an in-depth analysis of the spark plug 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 29312130 - Sparking plugs
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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