Kuwait - Thermostats - Market Analysis, Forecast, Size, Trends and Insights
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View PricingThermostat Price in Kuwait - 2021
Contents:
- Thermostat Price in Kuwait (CIF) - 2021
- Thermostat Price in Kuwait (FOB) - 2022
- Thermostat Imports in Kuwait
- Thermostat Exports in Kuwait
Thermostat Price in Kuwait (CIF) - 2021
In December 2021, the average thermostat import price amounted to $6.7 per unit, shrinking by -68.9% against the previous month. Overall, the import price saw a abrupt contraction. The most prominent rate of growth was recorded in March 2021 when the average import price increased by 123% m-o-m. Over the period under review, average import prices attained the peak figure at $30.1 per unit in May 2021; however, from June 2021 to December 2021, import prices failed to regain momentum.
There were significant differences in the average prices amongst the major supplying countries. In December 2021, the country with the highest price was Japan ($84.1 per unit), while the price for Italy ($2.7 per unit) was amongst the lowest.
From January 2021 to December 2021, the most notable rate of growth in terms of prices was attained by Japan (+19.9%), while the prices for the other major suppliers experienced more modest paces of growth.
Thermostat Price in Kuwait (FOB) - 2022
The average thermostat export price stood at $58 per unit in 2022, dropping by -63% against the previous year. Overall, the export price, however, enjoyed a buoyant increase. The most prominent rate of growth was recorded in 2021 when the average export price increased by 429% against the previous year. As a result, the export price attained the peak level of $157 per unit, and then shrank remarkably in the following year.
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 the United States ($155 per unit), while the average price for exports to Iraq ($21 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 States (+81.0%), while the prices for the other major destinations experienced more modest paces of growth.
Thermostat Imports in Kuwait
After three years of growth, purchases abroad of thermostats decreased by -20% to 247K units in 2022. The total import volume increased at an average annual rate of +2.8% over the period from 2019 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The growth pace was the most rapid in 2021 when imports increased by 34% against the previous year. As a result, imports attained the peak of 309K units, and then contracted remarkably in the following year.
In value terms, thermostat imports shrank to $4.8M in 2022. The total import value increased at an average annual rate of +6.4% over the period from 2019 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The growth pace was the most rapid in 2021 when imports increased by 38%. As a result, imports attained the peak of $5.6M, and then declined in the following year.
| Import of Thermostat in Kuwait (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Mexico | 1,214 | 1,124 | 2,126 | 1,946 | 17.0% |
| China | 658 | 703 | 790 | 739 | 3.9% |
| United States | 314 | 276 | 240 | 553 | 20.8% |
| Italy | 367 | 492 | 601 | 294 | -7.1% |
| Germany | 237 | 198 | 283 | 189 | -7.3% |
| Japan | 377 | 205 | 436 | 147 | -26.9% |
| Singapore | 19.4 | 65.4 | 2.6 | 34.1 | 20.7% |
| Others | 841 | 1,002 | 1,144 | 943 | 3.9% |
| Total | 4,026 | 4,065 | 5,623 | 4,844 | 6.4% |
Top Suppliers of Thermostat to Kuwait in 2022:
- China (60.1K units)
- Italy (58.2K units)
- Mexico (51.8K units)
- United States (27.3K units)
- Japan (15.5K units)
- Singapore (4.8K units)
- Germany (2.7K units)
Thermostat Exports in Kuwait
Thermostat exports from Kuwait skyrocketed to 910 units in 2022, jumping by 50% against 2021 figures. Over the period under review, exports continue to indicate significant growth. The pace of growth appeared the most rapid in 2021 with an increase of 73% against the previous year. The exports peaked in 2022 and are likely to continue growth in years to come.
In value terms, thermostat exports declined sharply to $53K in 2022. Overall, exports posted a significant expansion. The pace of growth appeared the most rapid in 2021 when exports increased by 819%. As a result, the exports reached the peak of $95K, and then contracted remarkably in the following year.
| Export of Thermostat in Kuwait (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Hong Kong SAR | 1.1 | 1.4 | 4.4 | 7.9 | 92.9% |
| Belgium | 0.5 | 1.2 | 3.5 | 7.2 | 143.3% |
| Spain | 0.3 | 1.5 | 3.9 | 7.0 | 185.8% |
| United Arab Emirates | 0.9 | 0.8 | 3.8 | 6.8 | 96.2% |
| Saudi Arabia | 0.5 | 0.9 | 2.6 | 4.7 | 111.0% |
| Iraq | 0.3 | 0.6 | 1.9 | 4.0 | 137.1% |
| Germany | N/A | 0.2 | 2.4 | 3.7 | 330.1% |
| Netherlands | 3.5 | 2.3 | 0.1 | 0.1 | -69.4% |
| Others | 0.6 | 1.4 | 72.6 | 11.4 | 166.8% |
| Total | 7.8 | 10.4 | 95.3 | 52.8 | 89.2% |
Top Export Markets for Thermostat from Kuwait in 2022:
- Iraq (191.0 units)
- Saudi Arabia (154.0 units)
- Germany (106.0 units)
- Belgium (103.0 units)
- United Arab Emirates (93.0 units)
- Hong Kong SAR (77.0 units)
- Spain (55.0 units)
- Netherlands (3.0 units)
This report provides an in-depth analysis of the thermostat 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 26517015 - Electronic thermostats
- Prodcom 26517019 - Non-electronic thermostats
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.
-
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
-
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
-
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
-
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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Explore the top import markets for thermostats and their key statistics. Learn about the countries leading in the import of thermostats, backed by data from IndexBox market intelligence platform.
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Global thermostat imports amounted to X tons in 2016, increasing by X% against the previous year figure. The total import volume increased at an average annual rate of +X% from 2007 to 2016- th...
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Global thermostat imports amounted to X tons in 2016, increasing by X% against the previous year figure. The total import volume increased at an average annual rate of +X% from 2007 to 2016- th...
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Explore the top import markets for thermostats and their key statistics. Learn about the countries leading in the import of thermostats, backed by data from IndexBox market intelligence platform.
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Global thermostat imports amounted to X tons in 2016, increasing by X% against the previous year figure. The total import volume increased at an average annual rate of +X% from 2007 to 2016- th...
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Global thermostat imports amounted to X tons in 2016, increasing by X% against the previous year figure. The total import volume increased at an average annual rate of +X% from 2007 to 2016- th...
