Kuwait: Network Communications Equipment Market 2024

Network Communications Equipment Market Size in Kuwait

The Kuwaiti network communications equipment market fell significantly to $X in 2022, declining by X% against the previous year. Over the period under review, consumption, however, continues to indicate a relatively flat trend pattern. As a result, consumption reached the peak level of $X, and then fell markedly in the following year.

Network Communications Equipment Production in Kuwait

In value terms, network communications equipment production rose slightly to $X in 2022 estimated in export price. In general, production, however, continues to indicate a prominent increase. The most prominent rate of growth was recorded in 2016 when the production volume increased by X%. Network communications equipment production peaked at $X in 2020; however, from 2021 to 2022, production stood at a somewhat lower figure.

Network Communications Equipment Exports

Exports from Kuwait

Network communications equipment exports from Kuwait soared to X units in 2022, growing by X% against 2021. In general, exports, however, recorded a deep slump. Over the period under review, the exports attained the peak figure at X units in 2018; however, from 2019 to 2022, the exports failed to regain momentum.

In value terms, network communications equipment exports soared to $X in 2022. Over the period under review, exports, however, recorded a dramatic contraction. The pace of growth was the most pronounced in 2016 with an increase of X% against the previous year. The exports peaked at $X in 2013; however, from 2014 to 2022, the exports remained at a lower figure.

Exports by Country

Saudi Arabia (X units) was the main destination for network communications equipment exports from Kuwait, accounting for a X% share of total exports. It was followed by Qatar (X units), with a X% share of total exports.

From 2013 to 2022, the average annual rate of growth in terms of volume to Saudi Arabia totaled X%.

In value terms, Saudi Arabia ($X) emerged as the key foreign market for network communications equipment exports from Kuwait, comprising X% of total exports. The second position in the ranking was taken by Qatar ($X), with a X% share of total exports.

From 2013 to 2022, the average annual rate of growth in terms of value to Saudi Arabia totaled X%.

Export Prices by Country

The average network communications equipment export price stood at $X per unit in 2022, which is down by X% against the previous year. Over the period under review, the export price showed a deep slump. The pace of growth appeared the most rapid in 2021 an increase of X% against the previous year. As a result, the export price reached the peak level of $X per unit, and then contracted remarkably in the following year.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Saudi Arabia ($X per unit), while the average price for exports to Qatar stood at $X per unit.

From 2013 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Bahrain (X%), while the prices for the other major destinations experienced mixed trend patterns.

Network Communications Equipment Imports

Imports into Kuwait

Network communications equipment imports into Kuwait dropped modestly to X units in 2022, with a decrease of X% against the previous year's figure. Overall, imports saw a perceptible slump. The most prominent rate of growth was recorded in 2015 when imports increased by X%. As a result, imports reached the peak of X units. From 2016 to 2022, the growth of imports failed to regain momentum.

In value terms, network communications equipment imports contracted sharply to $X in 2022. Over the period under review, imports continue to indicate a abrupt decrease. The pace of growth was the most pronounced in 2015 with an increase of X%. As a result, imports attained the peak of $X. From 2016 to 2022, the growth of imports failed to regain momentum.

Imports by Country

In 2022, China (X units) constituted the largest supplier of network communications equipment to Kuwait, accounting for a X% share of total imports. Moreover, network communications equipment imports from China exceeded the figures recorded by the second-largest supplier, South Korea (X units), more than tenfold. The third position in this ranking was held by Taiwan (Chinese) (X units), with a X% share.

From 2013 to 2022, the average annual growth rate of volume from China was relatively modest. The remaining supplying countries recorded the following average annual rates of imports growth: South Korea (X% per year) and Taiwan (Chinese) (X% per year).

In value terms, China ($X) constituted the largest supplier of network communications equipment to Kuwait, comprising X% of total imports. The second position in the ranking was taken by the United States ($X), with a X% share of total imports. It was followed by Taiwan (Chinese), with a X% share.

From 2013 to 2022, the average annual growth rate of value from China stood at X%. The remaining supplying countries recorded the following average annual rates of imports growth: the United States (X% per year) and Taiwan (Chinese) (X% per year).

Import Prices by Country

The average network communications equipment import price stood at $X per unit in 2022, shrinking by X% against the previous year. In general, the import price saw a mild downturn. The most prominent rate of growth was recorded in 2016 an increase of X%. The import price peaked at $X per unit in 2021, and then contracted significantly in the following year.

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

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

Source: IndexBox Platform

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