Kuwait: Market for Instrument Panel And Wall Clocks 2024

Market Size for Instrument Panel And Wall Clocks in Kuwait

The Kuwaiti market for instrument panel and wall clocks dropped rapidly to $X in 2020, which is down by X% against the previous year. This figure reflects the total revenues of producers and importers (excluding logistics costs, retail marketing costs, and retailers' margins, which will be included in the final consumer price). Overall, consumption, however, saw a significant increase. As a result, consumption reached the peak level of $X, and then declined dramatically in the following year.

Exports of Instrument Panel And Wall Clocks

Exports from Kuwait

After six years of decline, shipments abroad of instrument panel and wall clocks increased by X% to X units in 2020. Over the period under review, exports saw a moderate increase. Over the period under review, the exports hit record highs at X units in 2013; however, from 2014 to 2020, the exports stood at a somewhat lower figure.

In value terms, instrument panel and wall clock exports skyrocketed to $X in 2020. Overall, exports, however, continue to indicate a deep downturn. The exports peaked at $X in 2012; however, from 2013 to 2020, the exports failed to regain momentum.

Exports by Country

Hong Kong SAR (X units), the United Arab Emirates (X units) and Switzerland (X units) were the main destinations of instrument panel and wall clock exports from Kuwait.

From 2012 to 2020, the biggest increases were recorded for Ghana (with a CAGR of X%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, the United Arab Emirates ($X) remains the key foreign market for instrument panel and wall clocks exports from Kuwait, comprising X% of total exports. The second position in the ranking was held by Hong Kong SAR ($X), with a X% share of total exports. It was followed by Switzerland, with a X% share.

From 2012 to 2020, the average annual growth rate of value to the United Arab Emirates amounted to X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Hong Kong SAR (X% per year) and Switzerland (X% per year).

Export Prices by Country

The average export price for instrument panel and wall clocks stood at $X per unit in 2020, dropping by X% against the previous year. Over the period under review, the export price faced a deep downturn. The most prominent rate of growth was recorded in 2017 when the average export price increased by less than X%. The export price peaked at $X per unit in 2012; however, from 2013 to 2020, the export prices stood at a somewhat lower figure.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was the United Arab Emirates ($X per unit), while the average price for exports to Ghana (less than $X per unit) was amongst the lowest.

From 2012 to 2020, the most notable rate of growth in terms of prices was recorded for supplies to the United Arab Emirates (X%), while the prices for the other major destinations experienced a decline.

Imports of Instrument Panel And Wall Clocks

Imports into Kuwait

Instrument panel and wall clock imports into Kuwait reduced remarkably to X units in 2020, waning by X% on the previous year. Overall, imports, however, recorded a significant increase. The pace of growth appeared the most rapid in 2019 when imports increased by X% against the previous year. As a result, imports attained the peak of X units, and then contracted markedly in the following year.

In value terms, instrument panel and wall clock imports dropped notably to $X in 2020. In general, imports, however, posted a significant increase. The pace of growth was the most pronounced in 2019 with an increase of X% against the previous year. As a result, imports attained the peak of $X, and then contracted rapidly in the following year.

Imports by Country

In 2020, China (X units) was the main supplier of instrument panel and wall clock to Kuwait, accounting for a X% share of total imports. Moreover, instrument panel and wall clock imports from China exceeded the figures recorded by the second-largest supplier, India (X units), more than tenfold. Turkey (X units) ranked third in terms of total imports with a X% share.

From 2012 to 2020, the average annual growth rate of volume from China amounted to X%. The remaining supplying countries recorded the following average annual rates of imports growth: India (X% per year) and Turkey (X% per year).

In value terms, China ($X) constituted the largest supplier of instrument panel and wall clocks to Kuwait, comprising X% of total imports. The second position in the ranking was held by Switzerland ($X), with a X% share of total imports. It was followed by Japan, with a X% share.

From 2012 to 2020, the average annual growth rate of value from China totaled X%. The remaining supplying countries recorded the following average annual rates of imports growth: Switzerland (X% per year) and Japan (X% per year).

Import Prices by Country

In 2020, the average import price for instrument panel and wall clocks amounted to $X per unit, increasing by X% against the previous year. Overall, the import price continues to indicate prominent growth. The pace of growth was the most pronounced in 2019 an increase of X%. The import price peaked in 2020 and is expected to retain growth in the near future.

There were significant differences in the average prices amongst the major supplying countries. In 2020, amid the top importers, the country with the highest price was Switzerland ($X per unit), while the price for India ($X per unit) was amongst the lowest.

From 2012 to 2020, the most notable rate of growth in terms of prices was attained by China (X%), while the prices for the other major suppliers experienced mixed trend patterns.

Source: IndexBox Platform

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