Kuwait: Electrical Insulator Market 2024

Electrical Insulator Market Size in Kuwait

In 2022, the Kuwaiti electrical insulator market decreased by X% to $X, falling for the second consecutive year after two years of growth. Over the period under review, consumption, however, recorded a relatively flat trend pattern. Over the period under review, the market attained the maximum level at $X in 2016; however, from 2017 to 2022, consumption stood at a somewhat lower figure.

Electrical Insulator Production in Kuwait

In value terms, electrical insulator production dropped significantly to $X in 2022 estimated in export price. In general, production recorded a deep setback. The most prominent rate of growth was recorded in 2021 with an increase of X%. Over the period under review, production hit record highs at $X in 2019; however, from 2020 to 2022, production stood at a somewhat lower figure.

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Electrical Insulator Exports

Exports from Kuwait

Electrical insulator exports from Kuwait skyrocketed to X units in 2022, growing by X% on 2021 figures. Overall, exports, however, showed a abrupt slump. Over the period under review, the exports hit record highs at X units in 2018; however, from 2019 to 2022, the exports failed to regain momentum.

In value terms, electrical insulator exports soared to $X in 2022. In general, exports, however, recorded a abrupt shrinkage. The exports peaked at $X in 2013; however, from 2014 to 2022, the exports failed to regain momentum.

Exports by Country

India (X units) was the main destination for electrical insulator exports from Kuwait, accounting for a X% share of total exports. Moreover, electrical insulator exports to India exceeded the volume sent to the second major destination, the United Arab Emirates (X units), threefold.

From 2013 to 2022, the average annual rate of growth in terms of volume to India amounted to X%. Exports to the other major destinations recorded the following average annual rates of exports growth: the United Arab Emirates (X% per year) and Oman (X% per year).

In value terms, India ($X) emerged as the key foreign market for electrical insulators exports from Kuwait, comprising X% of total exports. The second position in the ranking was taken by the United Arab Emirates ($X), with a X% share of total exports.

From 2013 to 2022, the average annual rate of growth in terms of value to India amounted to X%. Exports to the other major destinations recorded the following average annual rates of exports growth: the United Arab Emirates (X% per year) and Oman (X% per year).

Export Prices by Country

The average electrical insulator export price stood at $X per unit in 2022, rising by X% against the previous year. In general, the export price, however, saw a relatively flat trend pattern. The growth pace was the most rapid in 2020 an increase of X% against the previous year. Over the period under review, the average export prices hit record highs at $X per unit in 2014; however, from 2015 to 2022, the export prices failed to regain momentum.

Average prices varied noticeably for the major overseas markets. In 2022, amid the top suppliers, the country with the highest price was Oman ($X per unit), while the average price for exports to the United Arab Emirates ($X per unit) was amongst the lowest.

From 2013 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Oman (X%), while the prices for the other major destinations experienced more modest paces of growth.

Electrical Insulator Imports

Imports into Kuwait

Electrical insulator imports into Kuwait fell notably to X units in 2022, reducing by X% against the previous year's figure. In general, imports continue to indicate a deep slump. The pace of growth appeared the most rapid in 2020 when imports increased by X% against the previous year. Imports peaked at X units in 2016; however, from 2017 to 2022, imports stood at a somewhat lower figure.

In value terms, electrical insulator imports contracted markedly to $X in 2022. Over the period under review, imports continue to indicate a drastic downturn. The growth pace was the most rapid in 2015 when imports increased by X% against the previous year. Over the period under review, imports reached the maximum at $X in 2016; however, from 2017 to 2022, imports remained at a lower figure.

Imports by Country

In 2022, India (X units) constituted the largest electrical insulator supplier to Kuwait, with a X% share of total imports. Moreover, electrical insulator imports from India exceeded the figures recorded by the second-largest supplier, the UK (X units), threefold. The third position in this ranking was held by the United States (X units), with a X% share.

From 2013 to 2022, the average annual growth rate of volume from India totaled X%. The remaining supplying countries recorded the following average annual rates of imports growth: the UK (X% per year) and the United States (X% per year).

In value terms, India ($X) constituted the largest supplier of electrical insulators to Kuwait, comprising X% of total imports. The second position in the ranking was taken by Germany ($X), with a X% share of total imports. It was followed by the UK, with a X% share.

From 2013 to 2022, the average annual rate of growth in terms of value from India amounted to X%. The remaining supplying countries recorded the following average annual rates of imports growth: Germany (X% per year) and the UK (X% per year).

Import Prices by Country

In 2022, the average electrical insulator import price amounted to $X per unit, with a decrease of X% against the previous year. In general, the import price continues to indicate a slight setback. The growth pace was the most rapid in 2014 when the average import price increased by X% against the previous year. Over the period under review, average import prices reached the maximum at $X per unit in 2015; however, from 2016 to 2022, import prices failed to regain momentum.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Spain ($X per unit), while the price for Turkey ($X per unit) was amongst the lowest.

From 2013 to 2022, the most notable rate of growth in terms of prices was attained by India (X%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform