Kuwait: Market for Vacuum Cleaners With Motor 2024

Market Size for Vacuum Cleaners With Motor in Kuwait

After four years of growth, the Kuwaiti vacuum cleaner with motor market decreased by X% to $X in 2022. Overall, the total consumption indicated a tangible 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 increased by X% against 2015 indices. Over the period under review, the market attained the maximum level at $X in 2021, and then shrank in the following year.

Exports of Vacuum Cleaners With Motor

Exports from Kuwait

In 2022, after three years of decline, there was significant growth in shipments abroad of vacuum cleaners with motor, when their volume increased by X% to X units. In general, exports, however, showed a dramatic decline. The growth pace was the most rapid in 2014 with an increase of X% against the previous year. Over the period under review, the exports hit record highs at X units in 2018; however, from 2019 to 2022, the exports remained at a lower figure.

In value terms, vacuum cleaner with motor exports skyrocketed to $X in 2022. Overall, exports, however, showed a deep contraction. The pace of growth was the most pronounced in 2014 with an increase of X% against the previous year. The exports peaked at $X in 2018; however, from 2019 to 2022, the exports stood at a somewhat lower figure.

Exports by Country

Saudi Arabia (X units) was the main destination for vacuum cleaner with motor exports from Kuwait, with a X% share of total exports. Moreover, vacuum cleaner with motor exports to Saudi Arabia exceeded the volume sent to the second major destination, the United Arab Emirates (X units), threefold. Egypt (X units) ranked third in terms of total exports with a X% share.

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

In value terms, the largest markets for vacuum cleaner with motor exported from Kuwait were Germany ($X), Saudi Arabia ($X) and the United Arab Emirates ($X).

The Netherlands, with a CAGR of X%, saw the highest rates of growth with regard to the value of exports, in terms of the main countries of destination over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

The average vacuum cleaner with motor export price stood at $X per unit in 2022, rising by X% against the previous year. In general, the export price enjoyed a remarkable increase. The pace of growth was the most pronounced in 2020 an increase of X% against the previous year. As a result, the export price attained the peak level of $X per unit. From 2021 to 2022, the average export prices remained at a lower figure.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Germany ($X per unit), while the average price for exports to Lebanon ($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 Jordan (X%), while the prices for the other major destinations experienced more modest paces of growth.

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Imports of Vacuum Cleaners With Motor

Imports into Kuwait

After four years of growth, purchases abroad of vacuum cleaners with motor decreased by X% to X units in 2022. Over the period under review, total imports indicated a resilient increase from 2012 to 2022: its volume 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, imports increased by X% against 2015 indices. The most prominent rate of growth was recorded in 2018 when imports increased by X%. Imports peaked at X units in 2021, and then fell in the following year.

In value terms, vacuum cleaner with motor imports dropped to $X in 2022. Overall, total imports indicated a pronounced 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, imports increased by X% against 2015 indices. The pace of growth was the most pronounced in 2016 with an increase of X%. Imports peaked at $X in 2021, and then declined in the following year.

Imports by Country

In 2022, China (X units) was the main supplier of vacuum cleaner with motor to Kuwait, accounting for a X% share of total imports. Moreover, vacuum cleaner with motor imports from China exceeded the figures recorded by the second-largest supplier, the United Arab Emirates (X units), twofold. The third position in this ranking was taken by Malaysia (X units), with a X% share.

From 2012 to 2022, the average annual rate of growth in terms of volume from China amounted to X%. The remaining supplying countries recorded the following average annual rates of imports growth: the United Arab Emirates (X% per year) and Malaysia (X% per year).

In value terms, China ($X) constituted the largest supplier of vacuum cleaners with motor to Kuwait, comprising X% of total imports. The second position in the ranking was taken by the United Arab Emirates ($X), with a X% share of total imports. It was followed by Malaysia, with a X% share.

From 2012 to 2022, the average annual growth rate of value from China amounted to X%. The remaining supplying countries recorded the following average annual rates of imports growth: the United Arab Emirates (X% per year) and Malaysia (X% per year).

Import Prices by Country

In 2022, the average vacuum cleaner with motor import price amounted to $X per unit, declining by X% against the previous year. Over the period under review, the import price showed a noticeable setback. The pace of growth appeared the most rapid in 2021 an increase of X%. The import price peaked at $X per unit in 2012; however, from 2013 to 2022, import prices failed to regain momentum.

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

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

Source: IndexBox Platform

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