Report Update Apr 1, 2024

Kuwait - Single Loudspeakers (In Enclosure) - Market Analysis, Forecast, Size, Trends and Insights

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Kuwait: Loudspeaker Market 2024

Loudspeaker Market Size in Kuwait

The Kuwaiti loudspeaker market was finally on the rise to reach $X in 2021, after two years of decline. Overall, consumption enjoyed resilient growth. Over the period under review, the market hit record highs at $X in 2018; however, from 2019 to 2021, consumption stood at a somewhat lower figure.

Loudspeaker Exports

Exports from Kuwait

For the third consecutive year, Kuwait recorded decline in overseas shipments of single loudspeakers (in enclosure), which decreased by -10.1% to X units in 2021. Overall, exports, however, saw a strong expansion. The pace of growth appeared the most rapid in 2018 when exports increased by 774% against the previous year. Over the period under review, the exports attained the maximum at X units in 2014; however, from 2015 to 2021, the exports stood at a somewhat lower figure.

In value terms, loudspeaker exports contracted sharply to $X in 2021. In general, exports, however, showed significant growth. The pace of growth appeared the most rapid in 2013 when exports increased by 605% against the previous year. Over the period under review, the exports attained the maximum at $X in 2018; however, from 2019 to 2021, the exports remained at a lower figure.

Exports by Country

The United Arab Emirates (X units), Saudi Arabia (X units) and Jordan (X units) were the main destinations of loudspeaker exports from Kuwait, together comprising 64% of total exports.

From 2012 to 2021, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by the United Arab Emirates (with a CAGR of +62.5%), while the other leaders experienced more modest paces of growth.

In value terms, the largest markets for loudspeaker exported from Kuwait were the United Arab Emirates ($X), Qatar ($X) and Jordan ($X), with a combined 70% share of total exports.

In terms of the main countries of destination, Qatar, with a CAGR of +87.3%, 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 loudspeaker export price amounted to $X per unit, waning by -30.3% against the previous year. Over the period under review, the export price, however, showed a remarkable increase. The pace of growth appeared the most rapid in 2019 when the average export price increased by 161%. As a result, the export price attained the peak level of $X per unit. From 2020 to 2021, the average export prices failed to regain momentum.

Prices varied noticeably country of destination: the country with the highest price was Qatar ($X per unit), while the average price for exports to Morocco ($X per unit) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was recorded for supplies to Qatar (+20.2%), while the prices for the other major destinations experienced more modest paces of growth.

Loudspeaker Imports

Imports into Kuwait

In 2021, after two years of decline, there was significant growth in supplies from abroad of single loudspeakers (in enclosure), when their volume increased by 47% to X units. In general, imports enjoyed a prominent increase. The most prominent rate of growth was recorded in 2013 with an increase of 152% against the previous year. Over the period under review, imports hit record highs at X units in 2018; however, from 2019 to 2021, imports remained at a lower figure.

In value terms, loudspeaker imports skyrocketed to $X in 2021. Overall, imports posted a strong expansion. The pace of growth appeared the most rapid in 2018 with an increase of 73%. As a result, imports attained the peak of $X. From 2019 to 2021, the growth of imports remained at a somewhat lower figure.

Imports by Country

China (X units), the United Arab Emirates (X units) and Vietnam (X units) were the main suppliers of loudspeaker imports to Kuwait, with a combined 78% share of total imports.

From 2012 to 2021, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by Vietnam (with a CAGR of +34.7%), while imports for the other leaders experienced more modest paces of growth.

In value terms, China ($X), the United Arab Emirates ($X) and Mexico ($X) were the largest loudspeaker suppliers to Kuwait, together comprising 82% of total imports.

China, with a CAGR of +30.8%, saw the highest growth rate of the value of imports, in terms of the main suppliers over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

The average loudspeaker import price stood at $X per unit in 2021, growing by 2.7% against the previous year. In general, the import price, however, continues to indicate a pronounced setback. The pace of growth was the most pronounced in 2015 an increase of 27%. Over the period under review, average import prices attained the maximum at $X per unit in 2012; however, from 2013 to 2021, import prices stood at a somewhat lower figure.

Prices varied noticeably country of origin: the country with the highest price was the United Arab Emirates ($X per unit), while the price for India ($X per unit) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Hong Kong SAR (+1.7%), while the prices for the other major suppliers experienced a decline.

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :

What are the largest markets for single loudspeakers (in enclosure) in the world?

The countries with the highest volumes of consumption in 2021 were Belgium, Germany and Indonesia, with a combined 34% share of global consumption. Japan, the United States, Mexico, Hungary, Vietnam, France, South Korea, Brazil, Slovakia and Spain lagged somewhat behind, together accounting for a further 34%.

What are the largest producers of single loudspeakers (in enclosure) in the world?

China remains the largest loudspeaker producing country worldwide, comprising approx. 47% of total volume. Moreover, loudspeaker production in China exceeded the figures recorded by the second-largest producer, Belgium, twofold. The third position in this ranking was taken by Indonesia, with a 10% share.

What are the leading suppliers of single loudspeakers (in enclosure) to Kuwait?

In value terms, China, the United Arab Emirates and Mexico appeared to be the largest loudspeaker suppliers to Kuwait, together comprising 82% of total imports.

What are the leading importers of single loudspeakers (in enclosure) from Kuwait?

In value terms, the largest markets for loudspeaker exported from Kuwait were the United Arab Emirates, Qatar and Jordan $947), with a combined 70% share of total exports.

What is the average export price for single loudspeakers (in enclosure) in Kuwait?

In 2021, the average loudspeaker export price amounted to $42 per unit, dropping by -30.3% against the previous year.

What is the average import price for single loudspeakers (in enclosure) in Kuwait?

The average loudspeaker import price stood at $42 per unit in 2021, rising by 2.7% against the previous year.

This report provides an in-depth analysis of the loudspeaker market in Kuwait. Within it, you will discover the latest data on market trends and opportunities by country, consumption, production and price developments, as well as the global trade (imports and exports). The forecast exhibits the market prospects through 2030.

Product coverage:

Prodcom 26404235 - Single loudspeakers mounted in their enclosures (including frames or cabinets mainly designed for mounting loudspeakers)

Country coverage:

Kuwait

Data coverage:

Market volume and value
Per Capita consumption
Forecast of the market dynamics in the medium term
Trade (exports and imports) in Kuwait
Export and import prices
Market trends, drivers and restraints
Key market players and their profiles

Reasons to buy this report:

Take advantage of the latest data
Find deeper insights into current market developments
Discover vital success factors affecting the market

This report is designed for manufacturers, distributors, importers, and wholesalers, as well as for investors, consultants and advisors.

In this report, you can find information that helps you to make informed decisions on the following issues:

How to diversify your business and benefit from new market opportunities
How to load your idle production capacity
How to boost your sales on overseas markets
How to increase your profit margins
How to make your supply chain more sustainable
How to reduce your production and supply chain costs
How to outsource production to other countries
How to prepare your business for global expansion

While doing this research, we combine the accumulated expertise of our analysts and the capabilities of artificial intelligence. The AI-based platform, developed by our data scientists, constitutes the key working tool for business analysts, empowering them to discover deep insights and ideas from the marketing data.

1. INTRODUCTION

Making Data-Driven Decisions to Grow Your Business
1. REPORT DESCRIPTION
2. RESEARCH METHODOLOGY AND AI PLATFORM
3. DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
4. GLOSSARY AND SPECIFIC TERMS
2. EXECUTIVE SUMMARY

A Quick Overview of Market Performance
1. KEY FINDINGS
2. MARKET TRENDS This Chapter is Available Only for the Professional Edition PRO
3. MARKET OVERVIEW

Understanding the Current State of The Market and Its Prospects
1. MARKET SIZE
2. MARKET STRUCTURE
3. TRADE BALANCE
4. PER CAPITA CONSUMPTION
5. MARKET FORECAST TO 2030
4. MOST PROMISING PRODUCT

Finding New Products to Diversify Your Business
This Chapter is Available Only for the Professional Edition PRO
1. TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
2. BEST-SELLING PRODUCTS
3. MOST CONSUMED PRODUCT
4. MOST TRADED PRODUCT
5. MOST PROFITABLE PRODUCT FOR EXPORT
5. MOST PROMISING SUPPLYING COUNTRIES

Choosing the Best Countries to Establish Your Sustainable Supply Chain
This Chapter is Available Only for the Professional Edition PRO
1. TOP COUNTRIES TO SOURCE YOUR PRODUCT
2. TOP PRODUCING COUNTRIES
3. TOP EXPORTING COUNTRIES
4. LOW-COST EXPORTING COUNTRIES
6. MOST PROMISING OVERSEAS MARKETS

Choosing the Best Countries to Boost Your Exports
This Chapter is Available Only for the Professional Edition PRO
1. TOP OVERSEAS MARKETS FOR EXPORTING YOUR PRODUCT
2. TOP CONSUMING MARKETS
3. UNSATURATED MARKETS
4. TOP IMPORTING MARKETS
5. MOST PROFITABLE MARKETS
7. PRODUCTION

The Latest Trends and Insights into The Industry
1. PRODUCTION VOLUME AND VALUE
8. IMPORTS
The Largest Import Supplying Countries
1. IMPORTS FROM 2012–2023
2. IMPORTS BY COUNTRY
3. IMPORT PRICES BY COUNTRY
9. EXPORTS
The Largest Destinations for Exports
1. EXPORTS FROM 2012–2023
2. EXPORTS BY COUNTRY
3. EXPORT PRICES BY COUNTRY
10. PROFILES OF MAJOR PRODUCERS

The Largest Producers on The Market and Their Profiles
This Chapter is Available Only for the Professional Edition PRO
LIST OF TABLES
1. Key Findings In 2023
2. Market Volume, In Physical Terms, 2012–2023
3. Market Value, 2012–2023
4. Per Capita Consumption In 2012-2023
5. Imports, In Physical Terms, By Country, 2012–2023
6. Imports, In Value Terms, By Country, 2012–2023
7. Import Prices, By Country Of Origin, 2012–2023
8. Exports, In Physical Terms, By Country, 2012–2023
9. Exports, In Value Terms, By Country, 2012–2023
10. Export Prices, By Country Of Destination, 2012–2023
LIST OF FIGURES
1. Market Volume, In Physical Terms, 2012–2023
2. Market Value, 2012–2023
3. Market Structure – Domestic Supply vs. Imports, In Physical Terms, 2012-2023
4. Market Structure – Domestic Supply vs. Imports, In Value Terms, 2012-2023
5. Trade Balance, In Physical Terms, 2012-2023
6. Trade Balance, In Value Terms, 2012-2023
7. Per Capita Consumption, 2012-2023
8. Market Volume Forecast to 2030
9. Market Value Forecast to 2030
10. Products: Market Size And Growth, By Type
11. Products: Average Per Capita Consumption, By Type
12. Products: Exports And Growth, By Type
13. Products: Export Prices And Growth, By Type
14. Production Volume And Growth
15. Exports And Growth
16. Export Prices And Growth
17. Market Size And Growth
18. Per Capita Consumption
19. Imports And Growth
20. Import Prices
21. Production, In Physical Terms, 2012–2023
22. Production, In Value Terms, 2012–2023
23. Imports, In Physical Terms, 2012–2023
24. Imports, In Value Terms, 2012–2023
25. Imports, In Physical Terms, By Country, 2023
26. Imports, In Physical Terms, By Country, 2012–2023
27. Imports, In Value Terms, By Country, 2012–2023
28. Import Prices, By Country Of Origin, 2012–2023
29. Exports, In Physical Terms, 2012–2023
30. Exports, In Value Terms, 2012–2023
31. Exports, In Physical Terms, By Country, 2023
32. Exports, In Physical Terms, By Country, 2012–2023
33. Exports, In Value Terms, By Country, 2012–2023
34. Export Prices, By Country Of Destination, 2012–2023