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Kuwait - Single Loudspeakers (In Enclosure) - Market Analysis, Forecast, Size, Trends And Insights
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View PricingLoudspeaker Price in Kuwait - 2021
Contents:
- Loudspeaker Price in Kuwait (CIF) - 2021
- Loudspeaker Price in Kuwait (FOB) - 2022
- Loudspeaker Imports in Kuwait
- Loudspeaker Exports in Kuwait
Loudspeaker Price in Kuwait (CIF) - 2021
The average loudspeaker import price stood at $6.7 per unit in December 2021, dropping by -46.4% against the previous month. In general, the import price showed a abrupt decrease. The pace of growth was the most pronounced in August 2021 an increase of 55% m-o-m. The import price peaked at $30.1 per unit in April 2021; however, from May 2021 to December 2021, import prices remained at a lower figure.
As there is only one major supplying country, the average price level is determined by prices for China.
From January 2021 to December 2021, the rate of growth in terms of prices for China amounted to -12.1% per month.
Loudspeaker Price in Kuwait (FOB) - 2022
In 2022, the average loudspeaker export price amounted to $92 per unit, rising by 53% against the previous year. Overall, the export price recorded a buoyant expansion. The pace of growth appeared the most rapid in 2013 when the average export price increased by 76%. The export price peaked in 2022 and is likely to see steady growth in the immediate term.
Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Bahrain ($591 per unit), while the average price for exports to Iran ($34 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 (+53.0%), while the prices for the other major destinations experienced more modest paces of growth.
Loudspeaker Imports in Kuwait
In 2022, the amount of single loudspeakers (in enclosure) imported into Kuwait declined sharply to 183K units, which is down by -20.7% against the previous year's figure. Over the period under review, imports, however, saw a relatively flat trend pattern. The pace of growth was the most pronounced in 2021 with an increase of 66% against the previous year. As a result, imports reached the peak of 231K units, and then declined rapidly in the following year.
In value terms, loudspeaker imports contracted notably to $4.5M in 2022. Overall, imports showed a pronounced shrinkage. The most prominent rate of growth was recorded in 2021 when imports increased by 47%. As a result, imports attained the peak of $5.4M, and then fell rapidly in the following year.
Import of Loudspeaker in Kuwait (Million USD) | |||||
---|---|---|---|---|---|
COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
China | 2.3 | 1.8 | 2.3 | 2.1 | -3.0% |
United Arab Emirates | 1.5 | 1.1 | 1.8 | 1.6 | 2.2% |
Others | 1.2 | 0.7 | 1.3 | 0.8 | -12.6% |
Total | 4.9 | 3.7 | 5.4 | 4.5 | -2.8% |
Top Suppliers of Loudspeaker to Kuwait in 2022:
- China (149.0K units)
- United Arab Emirates (20.9K units)
Loudspeaker Exports in Kuwait
Loudspeaker exports from Kuwait reduced remarkably to 323 units in 2022, which is down by -54% on the year before. In general, exports saw a abrupt descent. The pace of growth was the most pronounced in 2021 with an increase of 190%. As a result, the exports reached the peak of 702 units, and then dropped notably in the following year.
In value terms, loudspeaker exports declined markedly to $30K in 2022. Overall, exports, however, recorded a relatively flat trend pattern. The pace of growth appeared the most rapid in 2021 when exports increased by 148% against the previous year. As a result, the exports reached the peak of $42K, and then reduced dramatically in the following year.
Export of Loudspeaker in Kuwait (Thousand USD) | |||||
---|---|---|---|---|---|
COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
Qatar | 8.5 | 7.0 | 6.7 | 8.9 | 1.5% |
Jordan | 2.7 | 2.3 | 4.2 | 4.1 | 14.9% |
Belgium | 1.1 | 2.0 | 3.8 | 3.7 | 49.8% |
Saudi Arabia | 3.6 | 1.8 | 3.0 | 3.1 | -4.9% |
Bahrain | 4.3 | 2.0 | 3.4 | 3.0 | -11.3% |
United Arab Emirates | 3.7 | 1.0 | 2.6 | 2.5 | -12.3% |
Iran | 0.4 | 0.2 | 0.4 | 0.4 | 0.0% |
Egypt | 0.5 | 0.2 | 0.4 | 0.4 | -7.2% |
United States | 2.9 | 0.3 | N/A | N/A | -89.7% |
Serbia | N/A | N/A | 1.5 | N/A | 0% |
Czech Republic | N/A | N/A | 14.0 | N/A | 0% |
Others | 1.4 | 0.3 | 2.3 | 3.7 | 38.3% |
Total | 29.1 | 17.1 | 42.4 | 29.7 | 0.7% |
Top Export Markets for Loudspeaker from Kuwait in 2022:
- Jordan (75.0 units)
- Qatar (63.0 units)
- Belgium (53.0 units)
- Saudi Arabia (45.0 units)
- United Arab Emirates (36.0 units)
- Iran (13.0 units)
- Egypt (6.0 units)
- Bahrain (5.0 units)
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.
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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
-
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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