Report Kuwait - Direction Finding Compasses - Market Analysis, Forecast, Size, Trends and Insights for 499$
Latest Report Update: Nov 4, 2022

Kuwait - Direction Finding Compasses - Market Analysis, Forecast, Size, Trends and Insights

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Kuwait: Direction Finding Compass Market 2022

Direction Finding Compass Market Size in Kuwait

The Kuwaiti direction finding compass market contracted to $X in 2021, which is down by -7% against the previous year. In general, consumption recorded a slight curtailment. Over the period under review, the market attained the peak level at $X in 2012; however, from 2013 to 2021, consumption stood at a somewhat lower figure.

Direction Finding Compass Production in Kuwait

In value terms, direction finding compass production totaled $X in 2021 estimated in export price. The total output value increased at an average annual rate of +3.4% from 2012 to 2021; the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The growth pace was the most rapid in 2018 with an increase of 8.5% against the previous year. Direction finding compass production peaked at $X in 2019; afterwards, it flattened through to 2021.

Direction Finding Compass Exports

Exports from Kuwait

In 2021, the amount of direction finding compasses exported from Kuwait soared to X units, with an increase of 22% against the year before. Over the period under review, exports continue to indicate a significant increase. The most prominent rate of growth was recorded in 2013 with an increase of 18,905%. The exports peaked at X units in 2014; however, from 2015 to 2021, the exports stood at a somewhat lower figure.

In value terms, direction finding compass exports skyrocketed to $X in 2021. Overall, exports continue to indicate a significant increase. The most prominent rate of growth was recorded in 2013 when exports increased by 21,290% against the previous year. The exports peaked at $X in 2014; however, from 2015 to 2021, the exports stood at a somewhat lower figure.

Exports by Country

The UK (X units) was the main destination for direction finding compass exports from Kuwait, with a 94% share of total exports. Moreover, direction finding compass exports to the UK exceeded the volume sent to the second major destination, the Netherlands (X units), more than tenfold.

From 2012 to 2021, the average annual rate of growth in terms of volume to the UK stood at +37.6%.

In value terms, the UK ($X) remains the key foreign market for direction finding compass exports from Kuwait, comprising 99% of total exports. The second position in the ranking was held by the Netherlands ($X), with a 0.9% share of total exports.

From 2012 to 2021, the average annual rate of growth in terms of value to the UK totaled +32.0%.

Export Prices by Country

In 2021, the average direction finding compass export price amounted to $X per unit, with an increase of 21% against the previous year. Over the period under review, the export price enjoyed a strong expansion. The growth pace was the most rapid in 2015 an increase of 80%. The export price peaked at $X per unit in 2019; however, from 2020 to 2021, the export prices failed to regain momentum.

Prices varied noticeably country of destination: the country with the highest price was the UK ($X per unit), while the average price for exports to the Netherlands totaled $X per unit.

From 2012 to 2021, the most notable rate of growth in terms of prices was recorded for supplies to the Netherlands (+3.7%).

Direction Finding Compass Imports

Imports into Kuwait

In 2021, approx. X units of direction finding compasses were imported into Kuwait; declining by -70% compared with the previous year. Overall, imports saw a significant curtailment. The pace of growth was the most pronounced in 2014 with an increase of 287% against the previous year. Over the period under review, imports attained the maximum at X units in 2012; however, from 2013 to 2021, imports stood at a somewhat lower figure.

In value terms, direction finding compass imports fell dramatically to $X in 2021. In general, imports saw a precipitous contraction. The growth pace was the most rapid in 2014 when imports increased by 440% against the previous year. As a result, imports attained the peak of $X. From 2015 to 2021, the growth of imports failed to regain momentum.

Imports by Country

The United Arab Emirates (X units), the United States (X units) and China (X units) were the main suppliers of direction finding compass imports to Kuwait, with a combined 80% share of total imports.

From 2012 to 2021, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by the United Arab Emirates (with a CAGR of +78.0%), while imports for the other leaders experienced a decline.

In value terms, the United States ($X) constituted the largest supplier of direction finding compass to Kuwait, comprising 83% of total imports. The second position in the ranking was taken by the United Arab Emirates ($X), with a 5.5% share of total imports. It was followed by France, with a 2.4% share.

From 2012 to 2021, the average annual growth rate of value from the United States stood at -7.8%. The remaining supplying countries recorded the following average annual rates of imports growth: the United Arab Emirates (+48.9% per year) and France (-39.8% per year).

Import Prices by Country

In 2021, the average direction finding compass import price amounted to $X per unit, jumping by 122% against the previous year. Overall, the import price showed a measured increase. Over the period under review, average import prices reached the peak figure at $X per unit in 2015; however, from 2016 to 2021, import prices remained at a lower figure.

Prices varied noticeably country of origin: the country with the highest price was the United States ($X per unit), while the price for China ($X per unit) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Japan (+11.5%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Market Intelligence Platform

Base Year Historical Period Forecast Period Units
2022 2012-2022 2023-2030 US$, Tons

Frequently Asked Questions (FAQ) :

What are the largest markets for direction finding compasses in the world?
+
China constituted the country with the largest volume of direction finding compass consumption, accounting for 34% of total volume. Moreover, direction finding compass consumption in China exceeded the figures recorded by the second-largest consumer, Japan, threefold. The third position in this ranking was taken by Norway, with a 7.4% share.
What are the largest producers of direction finding compasses in the world?
+
The country with the largest volume of direction finding compass production was China, accounting for 53% of total volume. Moreover, direction finding compass production in China exceeded the figures recorded by the second-largest producer, Japan, fourfold. Norway ranked third in terms of total production with a 7.1% share.
What are the leading suppliers of direction finding compasses to Kuwait?
+
In value terms, the United States constituted the largest supplier of direction finding compass to Kuwait, comprising 83% of total imports. The second position in the ranking was taken by the United Arab Emirates, with a 5.5% share of total imports. It was followed by France, with a 2.4% share.
What are the leading importers of direction finding compasses from Kuwait?
+
In value terms, the UK remains the key foreign market for direction finding compass exports from Kuwait, comprising 99% of total exports. The second position in the ranking was held by the Netherlands $37), with a 0.9% share of total exports.
What is the average export price for direction finding compasses in Kuwait?
+
The average direction finding compass export price stood at $35 per unit in 2021, jumping by 21% against the previous year.
What is the average import price for direction finding compasses in Kuwait?
+
In 2021, the average direction finding compass import price amounted to $23 per unit, jumping by 122% against the previous year.

This report provides an in-depth analysis of the direction finding compass 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 26511120 - Direction finding compasses (including magnetic, gyroscopic, b innacle and position finding)
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:
1. How to diversify your business and benefit from new market opportunities
2. How to load your idle production capacity
3. How to boost your sales on overseas markets
4. How to increase your profit margins
5. How to make your supply chain more sustainable
6. How to reduce your production and supply chain costs
7. How to outsource production to other countries
8. 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

1.1
REPORT DESCRIPTION
1.2
RESEARCH METHODOLOGY AND AI PLATFORM
1.3
DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
1.4
REPORT DESCRIPTION
2. EXECUTIVE SUMMARY

A Quick Overview of Market Performance

3. MARKET OVERVIEW

Understanding the Current State of The Market and Its Prospects

3.1
MARKET SIZE
3.2
MARKET STRUCTURE
3.3
TRADE BALANCE
3.4
PER CAPITA CONSUMPTION
3.5
MARKET FORECAST TO 2030
4. MOST PROMISING PRODUCT

Finding New Products to Diversify Your Business

4.1
TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
4.2
BEST-SELLING PRODUCTS
4.3
MOST CONSUMED PRODUCT
4.4
MOST TRADED PRODUCT
4.5
MOST PROFITABLE PRODUCT FOR EXPORT
5. MOST PROMISING SUPPLYING COUNTRIES

Choosing the Best Countries to Establish Your Sustainable Supply Chain

5.1
TOP COUNTRIES TO SOURCE YOUR PRODUCT
5.2
TOP PRODUCING COUNTRIES
5.3
TOP EXPORTING COUNTRIES
5.4
LOW-COST EXPORTING COUNTRIES
6. MOST PROMISING OVERSEAS MARKETS

Choosing the Best Countries to Boost Your Exports

6.1
TOP OVERSEAS MARKETS FOR EXPORTING YOUR PRODUCT
6.2
TOP CONSUMING MARKETS
6.3
UNSATURATED MARKETS
6.4
TOP IMPORTING MARKETS
6.5
MOST PROFITABLE MARKETS
7. PRODUCTION

The Latest Trends and Insights into The Industry

7.1
PRODUCTION VOLUME AND VALUE
8. IMPORTS

The Largest Import Supplying Countries

8.1
IMPORTS FROM 2012–2022
8.2
IMPORTS BY COUNTRY
8.3
IMPORT PRICES BY COUNTRY
9. EXPORTS

The Largest Destinations for Exports

9.1
EXPORTS FROM 2012–2022
9.2
EXPORTS BY COUNTRY
9.3
EXPORT PRICES BY COUNTRY
10. PROFILES OF MAJOR PRODUCERS

The Largest Producers on The Market and Their Profiles

LIST OF TABLES
Table 1:
Key Findings In 2022
Table 2:
Market Volume, In Physical Terms, 2012–2022
Table 3:
Market Value, 2012–2022
Table 4:
Per Capita Consumption In 2007-2022
Table 5:
Imports, In Physical Terms, By Country, 2012–2022
Table 6:
Imports, In Value Terms, By Country, 2012–2022
Table 7:
Import Prices, By Country Of Origin, 2012–2022
Table 8:
Exports, In Physical Terms, By Country, 2012–2022
Table 9:
Exports, In Value Terms, By Country, 2012–2022
Table 10:
Export Prices, By Country Of Destination, 2012–2022
LIST OF FIGURES
Figure 1:
Market Volume, In Physical Terms, 2012–2022
Figure 2:
Market Value, 2012–2022
Figure 3:
Market Structure – Domestic Supply vs. Imports, In Physical Terms, 2007-2022
Figure 4:
Market Structure – Domestic Supply vs. Imports, In Value Terms, 2007-2022
Figure 5:
Trade Balance, In Physical Terms, 2007-2022
Figure 6:
Trade Balance, In Value Terms, 2007-2022
Figure 7:
Per Capita Consumption, 2007-2022
Figure 8:
Market Forecast To 2030
Figure 9:
Products: Market Size And Growth, By Type
Figure 10:
Products: Average Per Capita Consumption, By Type
Figure 11:
Products: Exports And Growth, By Type
Figure 12:
Products: Export Prices And Growth, By Type
Figure 13:
Production Volume And Growth
Figure 14:
Exports And Growth
Figure 15:
Export Prices And Growth
Figure 16:
Market Size And Growth
Figure 17:
Per Capita Consumption
Figure 18:
Imports And Growth
Figure 19:
Import Prices
Figure 20:
Production, In Physical Terms, 2012–2022
Figure 21:
Production, In Value Terms, 2012–2022
Figure 22:
Imports, In Physical Terms, 2012–2022
Figure 23:
Imports, In Value Terms, 2012–2022
Figure 24:
Imports, In Physical Terms, By Country, 2022
Figure 25:
Imports, In Physical Terms, By Country, 2012–2022
Figure 26:
Imports, In Value Terms, By Country, 2012–2022
Figure 27:
Import Prices, By Country Of Origin, 2012–2022
Figure 28:
Exports, In Physical Terms, 2012–2022
Figure 29:
Exports, In Value Terms, 2012–2022
Figure 30:
Exports, In Physical Terms, By Country, 2022
Figure 31:
Exports, In Physical Terms, By Country, 2012–2022
Figure 32:
Exports, In Value Terms, By Country, 2012–2022
Figure 33:
Export Prices, By Country Of Destination, 2012–2022
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