Kuwait: Market for Electric Shavers, Hair-Removing Appliances And Hair Clippers 2024

Market Size for Electric Shavers, Hair-Removing Appliances And Hair Clippers in Kuwait

The Kuwaiti market for electric shavers, hair-removing appliances and hair clippers expanded modestly to $X in 2022, rising by 3.5% 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). In general, consumption, however, continues to indicate a buoyant increase. Consumption of peaked at $X in 2020; however, from 2021 to 2022, consumption stood at a somewhat lower figure.

Exports of Electric Shavers, Hair-Removing Appliances And Hair Clippers

Exports from Kuwait

In 2022, the amount of electric shavers, hair-removing appliances and hair clippers exported from Kuwait fell notably to X units, shrinking by -24.6% compared with 2021. In general, exports faced a deep contraction. The pace of growth appeared the most rapid in 2021 when exports increased by 68%. Over the period under review, the exports of attained the peak figure at X units in 2012; however, from 2013 to 2022, the exports remained at a lower figure.

In value terms, exports of electric shavers, hair-removing appliances and hair clippers declined significantly to $X in 2022. Overall, exports faced a abrupt curtailment. The pace of growth appeared the most rapid in 2018 with an increase of 53% against the previous year. The exports peaked at $X in 2012; however, from 2013 to 2022, the exports remained at a lower figure.

Exports by Country

Free Zones (X units) was the main destination for exports of electric shavers, hair-removing appliances and hair clippers from Kuwait, accounting for a 66% share of total exports. Moreover, exports of electric shavers, hair-removing appliances and hair clippers to Free Zones exceeded the volume sent to the second major destination, the United Arab Emirates (X units), twofold.

From 2012 to 2022, the average annual growth rate of volume to Free Zones amounted to -17.9%. Exports to the other major destinations recorded the following average annual rates of exports growth: the United Arab Emirates (-2.8% per year) and Saudi Arabia (-18.0% per year).

In value terms, Free Zones ($X) remains the key foreign market for electric shavers, hair-removing appliances and hair clippers exports from Kuwait, comprising 67% of total exports. The second position in the ranking was held by the United Arab Emirates ($X), with a 21% share of total exports.

From 2012 to 2022, the average annual rate of growth in terms of value to Free Zones amounted to -20.6%. Exports to the other major destinations recorded the following average annual rates of exports growth: the United Arab Emirates (-0.3% per year) and Saudi Arabia (-21.0% per year).

Export Prices by Country

The average export price for electric shavers, hair-removing appliances and hair clippers stood at $X per unit in 2022, picking up by 9.9% against the previous year. Overall, the export price, however, continues to indicate a perceptible decrease. The pace of growth appeared the most rapid in 2019 an increase of 12% against the previous year. Over the period under review, the average export prices reached the maximum at $X per unit in 2014; however, from 2015 to 2022, the export prices failed to regain momentum.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Free Zones ($X per unit), while the average price for exports to Saudi Arabia ($X 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 Arab Emirates (+2.5%), while the prices for the other major destinations experienced a decline.

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Imports of Electric Shavers, Hair-Removing Appliances And Hair Clippers

Imports into Kuwait

In 2022, purchases abroad of electric shavers, hair-removing appliances and hair clippers decreased by -12.7% to X units, falling for the third consecutive year after two years of growth. In general, imports, however, continue to indicate strong growth. The pace of growth appeared the most rapid in 2019 when imports increased by 61% against the previous year. As a result, imports attained the peak of X units. From 2020 to 2022, the growth of imports of remained at a lower figure.

In value terms, imports of electric shavers, hair-removing appliances and hair clippers surged to $X in 2022. Over the period under review, imports, however, enjoyed notable growth. The growth pace was the most rapid in 2019 with an increase of 41% against the previous year. Imports peaked at $X in 2020; however, from 2021 to 2022, imports remained at a lower figure.

Imports by Country

In 2022, the United Arab Emirates (X units) constituted the largest supplier of electric shavers, hair-removing appliances and hair clippers to Kuwait, accounting for a 49% share of total imports. Moreover, imports of electric shavers, hair-removing appliances and hair clippers from the United Arab Emirates exceeded the figures recorded by the second-largest supplier, China (X units), fourfold. Japan (X units) ranked third in terms of total imports with an 8.6% share.

From 2012 to 2022, the average annual rate of growth in terms of volume from the United Arab Emirates amounted to +15.7%. The remaining supplying countries recorded the following average annual rates of imports growth: China (+0.6% per year) and Japan (+3.4% per year).

In value terms, the United Arab Emirates ($X) constituted the largest supplier of electric shavers, hair-removing appliances and hair clippers to Kuwait, comprising 42% of total imports. The second position in the ranking was held by Indonesia ($X), with a 9.6% share of total imports. It was followed by China, with an 8.7% share.

From 2012 to 2022, the average annual rate of growth in terms of value from the United Arab Emirates totaled +11.0%. The remaining supplying countries recorded the following average annual rates of imports growth: Indonesia (+26.5% per year) and China (+0.7% per year).

Import Prices by Country

The average import price for electric shavers, hair-removing appliances and hair clippers stood at $X per unit in 2022, with an increase of 32% against the previous year. Overall, the import price, however, recorded a mild descent. Over the period under review, average import prices reached the peak figure at $X per unit in 2012; however, from 2013 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 Hungary ($X per unit), while the price for Japan ($X per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Indonesia (+3.3%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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