Kuwait: Market for Insulated electric conductors for a voltage over 1000 V 2024

Market Size for Insulated electric conductors for a voltage over 1000 V in Kuwait

The Kuwaiti market for insulated electric conductors for a voltage over X v surged to $X in 2022, jumping 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). Over the period under review, consumption continues to indicate a remarkable increase. As a result, consumption attained the peak level and is likely to continue growth in the immediate term.

Exports of Insulated electric conductors for a voltage over 1000 V

Exports from Kuwait

In 2022, approx. X tons of insulated electric conductors for a voltage over X v were exported from Kuwait; rising by X% compared with the previous year. Over the period under review, exports, however, recorded a pronounced contraction. The growth pace was the most rapid in 2021 with an increase of X% against the previous year. The exports peaked at X tons in 2013; however, from 2014 to 2022, the exports failed to regain momentum.

In value terms, exports of insulated electric conductors for a voltage over X v soared to $X in 2022. In general, exports saw a measured expansion. The pace of growth appeared the most rapid in 2021 with an increase of X% against the previous year. Over the period under review, the exports of attained the maximum in 2022 and are likely to see gradual growth in the immediate term.

Exports by Country

Oman (X tons) was the main destination for exports of insulated electric conductors for a voltage over X v from Kuwait, with a X% share of total exports. Moreover, exports of insulated electric conductors for a voltage over X v to Oman exceeded the volume sent to the second major destination, Saudi Arabia (X tons), sixfold. The third position in this ranking was taken by Qatar (X tons), with a X% share.

From 2013 to 2022, the average annual growth rate of volume to Oman amounted to X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Saudi Arabia (X% per year) and Qatar (X% per year).

In value terms, Oman ($X) emerged as the key foreign market for insulated electric conductors for a voltage over X v exports from Kuwait, comprising X% of total exports. The second position in the ranking was held by Egypt ($X), with a X% share of total exports. It was followed by Saudi Arabia, with an X% share.

From 2013 to 2022, the average annual growth rate of value to Oman stood at X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Egypt (X% per year) and Saudi Arabia (X% per year).

Export Prices by Country

The average export price for insulated electric conductors for a voltage over X v stood at $X per ton in 2022, growing by X% against the previous year. Over the period under review, the export price saw a resilient increase. 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 attained the peak figure in 2022 and is likely to see steady growth in years to come.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Egypt ($X per ton), while the average price for exports to Iraq ($X per ton) was amongst the lowest.

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

Imports of Insulated electric conductors for a voltage over 1000 V

Imports into Kuwait

In 2022, purchases abroad of insulated electric conductors for a voltage over X v increased by X% to X tons, rising for the third consecutive year after three years of decline. Overall, imports showed a resilient expansion. The growth pace was the most rapid in 2016 when imports increased by X%. Imports peaked in 2022 and are likely to see steady growth in years to come.

In value terms, imports of insulated electric conductors for a voltage over X v skyrocketed to $X in 2022. Over the period under review, imports saw a resilient expansion. As a result, imports reached the peak and are likely to continue growth in the immediate term.

Imports by Country

China (X tons), Saudi Arabia (X tons) and the United States (X tons) were the main suppliers of imports of insulated electric conductors for a voltage over X v to Kuwait, with a combined X% share of total imports. Oman, South Korea, the United Arab Emirates, Egypt and India lagged somewhat behind, together accounting for a further X%.

From 2013 to 2022, the biggest increases were recorded for Oman (with a CAGR of X%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, the largest insulated electric conductors for a voltage over X v suppliers to Kuwait were Saudi Arabia ($X), the United States ($X) and China ($X), with a combined X% share of total imports. Oman, South Korea, the United Arab Emirates, Egypt and India lagged somewhat behind, together accounting for a further X%.

Among the main suppliers, Oman, with a CAGR of X%, saw the highest growth rate of 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

The average import price for insulated electric conductors for a voltage over X v stood at $X per ton in 2022, picking up by X% against the previous year. Overall, import price indicated a notable increase from 2013 to 2022: its price increased at an average annual rate of X% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. As a result, import price attained the peak level and is likely to continue growth in the immediate term.

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

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

Source: IndexBox Platform

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