Kuwait: Radio Navigation Apparatus Market 2024

Radio Navigation Apparatus Market Size in Kuwait

The Kuwaiti radio navigation apparatus market surged to $X in 2021, jumping by 192% 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). Overall, consumption posted resilient growth. As a result, consumption reached the peak level and is likely to continue growth in the immediate term.

Radio Navigation Apparatus Exports

Exports from Kuwait

In 2021, radio navigation apparatus exports from Kuwait skyrocketed to X kg, growing by 73% compared with the year before. In general, exports, however, faced a dramatic decrease. The growth pace was the most rapid in 2017 when exports increased by 367%. The exports peaked at X tons in 2014; however, from 2015 to 2021, the exports stood at a somewhat lower figure.

In value terms, radio navigation apparatus exports soared to $X in 2021. Overall, exports, however, showed a abrupt descent. The growth pace was the most rapid in 2014 with an increase of 441% against the previous year. Over the period under review, the exports hit record highs at $X in 2012; however, from 2013 to 2021, the exports failed to regain momentum.

Exports by Country

The Netherlands (X kg), Japan (X kg) and France (X kg) were the main destinations of radio navigation apparatus exports from Kuwait, together comprising 89% of total exports.

From 2012 to 2021, the biggest increases were recorded for the Netherlands (with a CAGR of +54.4%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, the largest markets for radio navigation apparatus exported from Kuwait were the Netherlands ($X), France ($X) and Germany ($X), with a combined 84% share of total exports.

In terms of the main countries of destination, the Netherlands, with a CAGR of +60.6%, saw the highest growth rate of the value of exports, over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

In 2021, the average radio navigation apparatus export price amounted to $X per kg, growing by 32% against the previous year. Over the period under review, the export price enjoyed a buoyant expansion. The pace of growth appeared the most rapid in 2015 an increase of 137%. The export price peaked at $X per kg in 2016; however, from 2017 to 2021, the export prices stood at a somewhat lower figure.

Prices varied noticeably country of destination: the country with the highest price was France ($X per kg), while the average price for exports to the United Arab Emirates ($X per kg) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was recorded for supplies to Oman (+53.3%), while the prices for the other major destinations experienced more modest paces of growth.

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Radio Navigation Apparatus Imports

Imports into Kuwait

Radio navigation apparatus imports into Kuwait soared to X tons in 2021, rising by 126% on the year before. Over the period under review, total imports indicated a notable expansion from 2012 to 2021: its volume increased at an average annual rate of +4.2% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, imports decreased by -6.0% against 2019 indices. Over the period under review, imports reached the peak figure at X tons in 2016; however, from 2017 to 2021, imports failed to regain momentum.

In value terms, radio navigation apparatus imports surged to $X in 2021. Overall, imports enjoyed resilient growth. As a result, imports reached the peak and are likely to continue growth in the immediate term.

Imports by Country

In 2021, China (X tons) constituted the largest radio navigation apparatus supplier to Kuwait, accounting for a 47% share of total imports. Moreover, radio navigation apparatus imports from China exceeded the figures recorded by the second-largest supplier, the United States (X tons), threefold. The United Arab Emirates (X tons) ranked third in terms of total imports with a 13% share.

From 2012 to 2021, the average annual rate of growth in terms of volume from China stood at +36.7%. The remaining supplying countries recorded the following average annual rates of imports growth: the United States (+25.2% per year) and the United Arab Emirates (+27.6% per year).

In value terms, the United States ($X), China ($X) and the United Arab Emirates ($X) were the largest radio navigation apparatus suppliers to Kuwait, together comprising 69% of total imports. These countries were followed by Mexico, Brazil, Taiwan (Chinese), France, Slovenia, Lithuania and the UK, which together accounted for a further 14%.

In terms of the main suppliers, Brazil, with a CAGR of +79.3%, 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

The average radio navigation apparatus import price stood at $X per ton in 2021, jumping by 40% against the previous year. Over the period under review, import price indicated slight growth from 2012 to 2021: its price increased at an average annual rate of +1.2% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, radio navigation apparatus import price increased by +74.2% against 2018 indices. As a result, import price reached the peak level and is likely to continue growth in the immediate term.

There were significant differences in the average prices amongst the major supplying countries. In 2021, the country with the highest price was the United States ($X per ton), while the price for Slovenia ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by the United States (+22.5%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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