Kuwait - Automotive Lighting - Market Analysis, Forecast, Size, Trends And Insights
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View PricingAutomotive Lighting Price in Kuwait - 2021
Contents:
- Automotive Lighting Price in Kuwait (CIF) - 2022
- Automotive Lighting Price in Kuwait (FOB) - 2022
- Automotive Lighting Imports in Kuwait
- Automotive Lighting Exports in Kuwait
Automotive Lighting Price in Kuwait (CIF) - 2022
In 2022, the average automotive lighting import price amounted to $31 per unit, surging by 10% against the previous year. Overall, import price indicated a prominent expansion from 2012 to 2022: its price increased at an average annual rate of +5.0% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, automotive lighting import price decreased by -10.1% against 2020 indices. The growth pace was the most rapid in 2018 an increase of 32% against the previous year. Over the period under review, average import prices hit record highs at $35 per unit in 2020; however, from 2021 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 Arab Emirates ($136 per unit), while the price for India ($7 per unit) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Germany (+16.8%), while the prices for the other major suppliers experienced more modest paces of growth.
Automotive Lighting Price in Kuwait (FOB) - 2022
In 2022, the average automotive lighting export price amounted to $34 per unit, increasing by 31% against the previous year. Overall, the export price recorded buoyant growth. The pace of growth appeared the most rapid in 2019 an increase of 106%. As a result, the export price reached the peak level of $36 per unit. From 2020 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 Australia ($76 per unit), while the average price for exports to Bahrain ($6.7 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 Qatar (+32.1%), while the prices for the other major destinations experienced more modest paces of growth.
Automotive Lighting Imports in Kuwait
In 2022, automotive lighting imports into Kuwait dropped rapidly to 307K units, which is down by -16.1% compared with 2021 figures. Over the period under review, imports saw a deep reduction. The pace of growth was the most pronounced in 2021 with an increase of 45% against the previous year. Imports peaked at 484K units in 2019; however, from 2020 to 2022, imports stood at a somewhat lower figure.
In value terms, automotive lighting imports contracted to $9.6M in 2022. In general, imports recorded a abrupt decline. The most prominent rate of growth was recorded in 2021 with an increase of 18% against the previous year. Imports peaked at $13M in 2019; however, from 2020 to 2022, imports stood at a somewhat lower figure.
Import of Automotive Lighting in Kuwait (Thousand USD) | |||||
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COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
United Arab Emirates | 8.5 | 9.4 | 4.4 | 2,826 | 592.8% |
China | 1,970 | 1,130 | 2,271 | 2,112 | 2.3% |
Japan | 1,452 | 571 | 506 | 1,744 | 6.3% |
Taiwan (Chinese) | 2,413 | 2,190 | 2,050 | 1,073 | -23.7% |
Germany | 800 | 269 | 386 | 365 | -23.0% |
United States | 1,375 | 692 | 938 | 255 | -43.0% |
Thailand | 447 | 153 | 415 | 181 | -26.0% |
India | 206 | 169 | 241 | 50.0 | -37.6% |
Egypt | 65.4 | 19.4 | 25.1 | 5.7 | -55.7% |
South Korea | 659 | 141 | 214 | N/A | -43.0% |
Others | 3,610 | 3,456 | 3,343 | 985 | -35.1% |
Total | 13,006 | 8,800 | 10,395 | 9,597 | -9.6% |
Top Suppliers of Automotive Lighting to Kuwait in 2022:
- South Korea (undefinedK units)
- China (167.9K units)
- Taiwan (Chinese) (41.5K units)
- Japan (38.9K units)
- United Arab Emirates (20.7K units)
- India (7.2K units)
- Thailand (4.4K units)
- Germany (4.2K units)
- United States (1.9K units)
- Egypt (1.5K units)
Automotive Lighting Exports in Kuwait
Automotive lighting exports from Kuwait contracted rapidly to 1.9K units in 2022, with a decrease of -48.8% on the year before. In general, exports recorded a precipitous shrinkage. The pace of growth was the most pronounced in 2021 when exports increased by 175%. Over the period under review, the exports attained the maximum at 6.8K units in 2019; however, from 2020 to 2022, the exports failed to regain momentum.
In value terms, automotive lighting exports shrank rapidly to $65K in 2022. Over the period under review, exports faced a precipitous curtailment. The pace of growth appeared the most rapid in 2021 when exports increased by 194% against the previous year. Over the period under review, the exports reached the maximum at $249K in 2019; however, from 2020 to 2022, the exports failed to regain momentum.
Export of Automotive Lighting in Kuwait (Thousand USD) | |||||
---|---|---|---|---|---|
COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
Australia | 30.9 | 1.2 | 40.5 | 22.4 | -10.2% |
Hong Kong SAR | 28.2 | 4.5 | 7.1 | 18.0 | -13.9% |
Iraq | 7.1 | 2.2 | 7.7 | 5.0 | -11.0% |
Jordan | 7.2 | 2.0 | 6.1 | 3.5 | -21.4% |
United Kingdom | 0.6 | 0.3 | 1.6 | 3.0 | 71.0% |
Saudi Arabia | 16.6 | 0.8 | 0.2 | 2.8 | -44.7% |
Qatar | 3.2 | 1.0 | 3.5 | 2.3 | -10.4% |
Singapore | 8.0 | 0.1 | 3.5 | 1.9 | -38.1% |
Austria | N/A | N/A | N/A | 1.1 | 0% |
China | N/A | N/A | N/A | 0.8 | 0% |
Bahrain | 0.3 | 0.1 | 0.5 | 0.3 | 0.0% |
United Arab Emirates | 10.7 | 4.1 | 12.6 | 0.2 | -73.5% |
Netherlands | 11.0 | 0.8 | 0.6 | N/A | -76.6% |
Others | 125 | 15.9 | 13.0 | 3.7 | -69.1% |
Total | 249 | 32.9 | 97.0 | 65.0 | -36.1% |
Top Export Markets for Automotive Lighting from Kuwait in 2022:
- Hong Kong SAR (581.0 units)
- Iraq (400.0 units)
- Australia (296.0 units)
- Qatar (143.0 units)
- United Kingdom (87.0 units)
- Saudi Arabia (80.0 units)
- Jordan (54.0 units)
- Bahrain (44.0 units)
- Singapore (44.0 units)
- Austria (32.0 units)
- China (32.0 units)
- United Arab Emirates (11.0 units)
- Netherlands (1.0 units)
This report provides an in-depth analysis of the automotive lighting 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 27403910 - Electrical lighting or visual signalling equipment for motor vehicles (excluding electric filament or discharge lamps, s ealed beam lamp units, ultraviolet, infrared and arc lamps)
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.
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1. INTRODUCTION
Making Data-Driven Decisions to Grow Your Business
- REPORT DESCRIPTION
- RESEARCH METHODOLOGY AND AI PLATFORM
- DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
- GLOSSARY AND SPECIFIC TERMS
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2. EXECUTIVE SUMMARY
A Quick Overview of Market Performance
- KEY FINDINGS
- MARKET TRENDS This Chapter is Available Only for the Professional Edition PRO
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3. MARKET OVERVIEW
Understanding the Current State of The Market and Its Prospects
- MARKET SIZE
- MARKET STRUCTURE
- TRADE BALANCE
- PER CAPITA CONSUMPTION
- MARKET FORECAST TO 2030
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4. MOST PROMISING PRODUCT
Finding New Products to Diversify Your Business
This Chapter is Available Only for the Professional Edition PRO- TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
- BEST-SELLING PRODUCTS
- MOST CONSUMED PRODUCT
- MOST TRADED PRODUCT
- MOST PROFITABLE PRODUCT FOR EXPORT
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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- TOP COUNTRIES TO SOURCE YOUR PRODUCT
- TOP PRODUCING COUNTRIES
- TOP EXPORTING COUNTRIES
- LOW-COST EXPORTING COUNTRIES
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6. MOST PROMISING OVERSEAS MARKETS
Choosing the Best Countries to Boost Your Exports
This Chapter is Available Only for the Professional Edition PRO- TOP OVERSEAS MARKETS FOR EXPORTING YOUR PRODUCT
- TOP CONSUMING MARKETS
- UNSATURATED MARKETS
- TOP IMPORTING MARKETS
- MOST PROFITABLE MARKETS
7. PRODUCTION
The Latest Trends and Insights into The Industry
- PRODUCTION VOLUME AND VALUE
8. IMPORTS
The Largest Import Supplying Countries
- IMPORTS FROM 2012–2023
- IMPORTS BY COUNTRY
- IMPORT PRICES BY COUNTRY
9. EXPORTS
The Largest Destinations for Exports
- EXPORTS FROM 2012–2023
- EXPORTS BY COUNTRY
- EXPORT PRICES BY COUNTRY
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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
- Key Findings In 2023
- Market Volume, In Physical Terms, 2012–2023
- Market Value, 2012–2023
- Per Capita Consumption In 2012-2023
- Imports, In Physical Terms, By Country, 2012–2023
- Imports, In Value Terms, By Country, 2012–2023
- Import Prices, By Country Of Origin, 2012–2023
- Exports, In Physical Terms, By Country, 2012–2023
- Exports, In Value Terms, By Country, 2012–2023
- Export Prices, By Country Of Destination, 2012–2023
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LIST OF FIGURES
- Market Volume, In Physical Terms, 2012–2023
- Market Value, 2012–2023
- Market Structure – Domestic Supply vs. Imports, In Physical Terms, 2012-2023
- Market Structure – Domestic Supply vs. Imports, In Value Terms, 2012-2023
- Trade Balance, In Physical Terms, 2012-2023
- Trade Balance, In Value Terms, 2012-2023
- Per Capita Consumption, 2012-2023
- Market Volume Forecast to 2030
- Market Value Forecast to 2030
- Products: Market Size And Growth, By Type
- Products: Average Per Capita Consumption, By Type
- Products: Exports And Growth, By Type
- Products: Export Prices And Growth, By Type
- Production Volume And Growth
- Exports And Growth
- Export Prices And Growth
- Market Size And Growth
- Per Capita Consumption
- Imports And Growth
- Import Prices
- Production, In Physical Terms, 2012–2023
- Production, In Value Terms, 2012–2023
- Imports, In Physical Terms, 2012–2023
- Imports, In Value Terms, 2012–2023
- Imports, In Physical Terms, By Country, 2023
- Imports, In Physical Terms, By Country, 2012–2023
- Imports, In Value Terms, By Country, 2012–2023
- Import Prices, By Country Of Origin, 2012–2023
- Exports, In Physical Terms, 2012–2023
- Exports, In Value Terms, 2012–2023
- Exports, In Physical Terms, By Country, 2023
- Exports, In Physical Terms, By Country, 2012–2023
- Exports, In Value Terms, By Country, 2012–2023
- Export Prices, By Country Of Destination, 2012–2023
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Discover the top import markets for automotive lighting in 2023, including the United States, Germany, China, and more. Explore key statistics and import values in the automotive industry.
Explore the world's top import markets for lighting equipment for motor vehicles in 2023. Learn about the key countries driving the global trade of automotive lighting components.
Global lighting equipment imports stood at X tons in 2016, descending by -X% against the previous year level. The total import volume increased at an average annual rate of +X% over the perio...
Global lighting equipment imports stood at X tons in 2016, descending by -X% against the previous year level. The total import volume increased at an average annual rate of +X% over the perio...
Discover the top import markets for automotive lighting in 2023, including the United States, Germany, China, and more. Explore key statistics and import values in the automotive industry.
Explore the world's top import markets for lighting equipment for motor vehicles in 2023. Learn about the key countries driving the global trade of automotive lighting components.
Global lighting equipment imports stood at X tons in 2016, descending by -X% against the previous year level. The total import volume increased at an average annual rate of +X% over the perio...
Global lighting equipment imports stood at X tons in 2016, descending by -X% against the previous year level. The total import volume increased at an average annual rate of +X% over the perio...