Price for Electrical Circuit Prefabricated Elements, Connectors, Contact Elements and Other Equipment in Kuwait - 2022
Contents:
- Price for Electrical Circuit Prefabricated Elements, Connectors, Contact Elements and Other Equipment in Kuwait (CIF) - 2022
- Price for Electrical Circuit Prefabricated Elements, Connectors, Contact Elements and Other Equipment in Kuwait (FOB) - 2022
- Imports of Electrical Circuit Prefabricated Elements, Connectors, Contact Elements and Other Equipment in Kuwait
- Exports of Electrical Circuit Prefabricated Elements, Connectors, Contact Elements and Other Equipment in Kuwait
Price for Electrical Circuit Prefabricated Elements, Connectors, Contact Elements and Other Equipment in Kuwait (CIF) - 2022
In 2022, the average import price for electrical circuit prefabricated elements, connectors, contact elements and other equipment amounted to $56 per thousand units, falling by -3.9% against the previous year. In general, the import price showed a relatively flat trend pattern. The most prominent rate of growth was recorded in 2017 an increase of 9.6% against the previous year. Over the period under review, average import prices hit record highs at $64 per thousand units in 2019; however, from 2020 to 2022, import prices remained at a lower figure.
Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was the UK ($83 per thousand units), while the price for Spain ($27 per thousand units) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Saudi Arabia (+12.3%), while the prices for the other major suppliers experienced more modest paces of growth.
Price for Electrical Circuit Prefabricated Elements, Connectors, Contact Elements and Other Equipment in Kuwait (FOB) - 2022
In 2022, the average export price for electrical circuit prefabricated elements, connectors, contact elements and other equipment amounted to $0.1 per unit, jumping by 22% against the previous year. In general, export price indicated a buoyant increase from 2012 to 2022: its price increased at an average annual rate of +5.3% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, export price for electrical circuit prefabricated elements, connectors, contact elements and other equipment increased by +74.9% against 2019 indices. The most prominent rate of growth was recorded in 2021 when the average export price increased by 29%. Over the period under review, the average export prices reached the maximum in 2022 and is likely to see gradual growth in years to come.
Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was the United States ($0.8 per unit), while the average price for exports to Syrian Arab Republic (less than $0.1 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 Saudi Arabia (+29.0%), while the prices for the other major destinations experienced more modest paces of growth.
Imports of Electrical Circuit Prefabricated Elements, Connectors, Contact Elements and Other Equipment in Kuwait
In 2022, the amount of electrical circuit prefabricated elements, connectors, contact elements and other equipment imported into Kuwait surged to 541M units, jumping by 38% on 2021. Overall, imports recorded a relatively flat trend pattern. As a result, imports attained the peak and are likely to continue growth in the immediate term.
In value terms, imports of electrical circuit prefabricated elements, connectors, contact elements and other equipment soared to $30M in 2022. In general, imports, however, showed a noticeable decline. Imports peaked at $34M in 2019; however, from 2020 to 2022, imports remained at a lower figure.
| Import of Electrical Circuit Prefabricated Elements, Connectors, Contact Elements and Other Equipment in Kuwait (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| United Arab Emirates | 4.4 | 0.9 | 2.9 | 5.2 | 5.7% |
| China | 4.0 | 2.3 | 2.9 | 4.2 | 1.6% |
| United States | 3.1 | 1.5 | 2.4 | 3.9 | 8.0% |
| Turkey | 1.7 | 0.2 | 1.2 | 2.5 | 13.7% |
| India | 1.7 | 1.3 | 1.1 | 2.3 | 10.6% |
| Egypt | 0.5 | 0.5 | 1.2 | 2.2 | 63.9% |
| United Kingdom | 3.4 | 7.4 | 2.7 | 1.9 | -17.6% |
| Italy | 4.7 | 1.3 | 0.7 | 1.3 | -34.8% |
| Germany | 1.8 | 1.2 | 1.6 | 1.3 | -10.3% |
| Saudi Arabia | 1.0 | 0.8 | 0.6 | 0.6 | -15.7% |
| Spain | 0.1 | 0.2 | 0.4 | 0.6 | 81.7% |
| Japan | 0.6 | 0.3 | 0.7 | 0.5 | -5.9% |
| South Korea | 2.0 | 0.8 | 0.1 | 0.1 | -63.2% |
| Others | 5.5 | 2.7 | 4.1 | 3.6 | -13.2% |
| Total | 34.4 | 21.5 | 22.7 | 30.0 | -4.5% |
Top Suppliers of Electrical Circuit Prefabricated Elements, Connectors, Contact Elements and Other Equipment to Kuwait in 2022:
- China (123.8M units)
- United Arab Emirates (66.7M units)
- India (58.3M units)
- Turkey (52.9M units)
- United States (50.7M units)
- Egypt (32.7M units)
- Germany (27.7M units)
- United Kingdom (23.0M units)
- Spain (21.1M units)
- Italy (16.3M units)
- Saudi Arabia (16.1M units)
- Japan (5.7M units)
- South Korea (1.3M units)
Exports of Electrical Circuit Prefabricated Elements, Connectors, Contact Elements and Other Equipment in Kuwait
In 2022, the amount of electrical circuit prefabricated elements, connectors, contact elements and other equipment exported from Kuwait stood at 1.9M units, with an increase of 15% on the year before. In general, exports continue to indicate a significant increase. The most prominent rate of growth was recorded in 2020 with an increase of 324%. The exports peaked in 2022 and are expected to retain growth in the immediate term.
In value terms, exports of electrical circuit prefabricated elements, connectors, contact elements and other equipment soared to $197K in 2022. Over the period under review, exports recorded a significant increase. The most prominent rate of growth was recorded in 2020 when exports increased by 372% against the previous year. The exports peaked in 2022 and are likely to see steady growth in the immediate term.
| Export of Electrical Circuit Prefabricated Elements, Connectors, Contact Elements and Other Equipment in Kuwait (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| United Arab Emirates | 2.1 | 6.2 | 5.6 | 55.6 | 198.0% |
| United States | 7.3 | 25.5 | 25.3 | 32.7 | 64.8% |
| Italy | 0.1 | 5.1 | 15.9 | 22.8 | 510.9% |
| Bahrain | 3.1 | 25.4 | 31.9 | 18.8 | 82.4% |
| Germany | 1.0 | 4.7 | 5.9 | 11.6 | 126.4% |
| Qatar | 0.8 | 9.9 | 11.4 | 7.5 | 110.9% |
| Iraq | 1.2 | 2.4 | 11.0 | 6.3 | 73.8% |
| Syrian Arab Republic | 0.7 | 3.8 | 6.2 | 4.8 | 90.0% |
| Others | 5.7 | 20.7 | 27.6 | 36.7 | 86.0% |
| Total | 22.0 | 104 | 141 | 197 | 107.7% |
Top Export Markets for Electrical Circuit Prefabricated Elements, Connectors, Contact Elements and Other Equipment from Kuwait in 2022:
- United Arab Emirates (843.1K units)
- Italy (275.9K units)
- Syrian Arab Republic (215.8K units)
- Iraq (138.3K units)
- Germany (87.2K units)
- Qatar (83.4K units)
- United States (43.4K units)
- Bahrain (36.1K units)
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