Kuwait: Ignition Magneto Market 2024

Ignition Magneto Market Size in Kuwait

After two years of growth, the Kuwaiti ignition magneto market decreased by X% to $X in 2022. Over the period under review, the total consumption indicated a buoyant increase from 2012 to 2022: its value increased at an average annual rate of X% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, consumption decreased by X% against 2018 indices. As a result, consumption attained the peak level of $X. From 2019 to 2022, the growth of the market failed to regain momentum.

Ignition Magneto Production in Kuwait

In value terms, ignition magneto production shrank modestly to $X in 2022 estimated in export price. In general, production continues to indicate buoyant growth. The most prominent rate of growth was recorded in 2018 when the production volume increased by X% against the previous year. As a result, production attained the peak level of $X. From 2019 to 2022, production growth failed to regain momentum.

Ignition Magneto Exports

Exports from Kuwait

In 2022, shipments abroad of ignition magnetos, magneto-dynamos and magnetic flywheels decreased by X% to X units, falling for the second consecutive year after two years of growth. Overall, exports recorded a abrupt contraction. The pace of growth appeared the most rapid in 2020 when exports increased by X%. Over the period under review, the exports reached the peak figure at X units in 2016; however, from 2017 to 2022, the exports remained at a lower figure.

In value terms, ignition magneto exports reduced slightly to $X in 2022. Over the period under review, exports continue to indicate a abrupt contraction. The pace of growth appeared the most rapid in 2015 when exports increased by X% against the previous year. The exports peaked at $X in 2016; however, from 2017 to 2022, the exports remained at a lower figure.

Exports by Country

The United Arab Emirates (X units) was the main destination for ignition magneto exports from Kuwait, accounting for a X% share of total exports. Moreover, ignition magneto exports to the United Arab Emirates exceeded the volume sent to the second major destination, Iran (X units), more than tenfold. The third position in this ranking was taken by Saudi Arabia (X units), with a X% share.

From 2012 to 2022, the average annual rate of growth in terms of volume to the United Arab Emirates amounted to X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Iran (X% per year) and Saudi Arabia (X% per year).

In value terms, the United Arab Emirates ($X) remains the key foreign market for ignition magnetos, magneto-dynamos and magnetic flywheels exports from Kuwait, comprising X% of total exports. The second position in the ranking was taken by Saudi Arabia ($X), with a X% share of total exports. It was followed by Iran, with a X% share.

From 2012 to 2022, 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: Saudi Arabia (X% per year) and Iran (X% per year).

Export Prices by Country

The average ignition magneto export price stood at $X per unit in 2022, jumping by X% against the previous year. Overall, the export price saw slight growth. Over the period under review, the average export prices hit record highs at $X per unit in 2019; however, from 2020 to 2022, the export prices remained at a lower figure.

There were significant differences in the average prices for the major export markets. In 2022, amid the top suppliers, the country with the highest price was the United Arab Emirates ($X per unit), while the average price for exports to Egypt ($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 (X%), while the prices for the other major destinations experienced a decline.

Ignition Magneto Imports

Imports into Kuwait

After two years of growth, purchases abroad of ignition magnetos, magneto-dynamos and magnetic flywheels decreased by X% to X units in 2022. Overall, imports, however, recorded a remarkable increase. The pace of growth appeared the most rapid in 2017 with an increase of X% against the previous year. Imports peaked at X units in 2015; however, from 2016 to 2022, imports stood at a somewhat lower figure.

In value terms, ignition magneto imports shrank dramatically to $X in 2022. In general, imports, however, continue to indicate a resilient increase. The growth pace was the most rapid in 2017 with an increase of X%. As a result, imports attained the peak of $X. From 2018 to 2022, the growth of imports failed to regain momentum.

Imports by Country

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

From 2012 to 2022, the average annual rate of growth in terms of volume from Japan stood at 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, the largest ignition magneto suppliers to Kuwait were Japan ($X), the United States ($X) and Taiwan (Chinese) ($X), together comprising X% of total imports. South Africa, Indonesia, the UK, Spain, China, the United Arab Emirates, Slovakia, Thailand, Belgium and Sweden lagged somewhat behind, together accounting for a further X%.

In terms of the main suppliers, South Africa, with a CAGR of X%, saw the highest rates of growth with regard to the value of imports, over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

In 2022, the average ignition magneto import price amounted to $X per unit, with a decrease of X% against the previous year. In general, import price indicated a notable expansion from 2012 to 2022: its price increased at an average annual rate of X% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, ignition magneto import price increased by X% against 2020 indices. The most prominent rate of growth was recorded in 2015 when the average import price increased by X%. Over the period under review, average import prices attained the maximum at $X per unit in 2018; however, from 2019 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 South Africa ($X per unit), while the price for Belgium ($X per unit) was amongst the lowest.

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

Source: IndexBox Platform

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