Price for Navigational Instruments and Appliances; Parts and Accessories in Kuwait - 2022
Contents:
- Price for Navigational Instruments and Appliances; Parts and Accessories in Kuwait (CIF) - 2022
- Price for Navigational Instruments and Appliances; Parts and Accessories in Kuwait (FOB) - 2022
- Imports of Navigational Instruments and Appliances; Parts and Accessories in Kuwait
- Exports of Navigational Instruments and Appliances; Parts and Accessories in Kuwait
Price for Navigational Instruments and Appliances; Parts and Accessories in Kuwait (CIF) - 2022
The average import price for navigational instruments and appliances; parts and accessorieses stood at $621,405 per ton in 2022, growing by 66% against the previous year. Overall, the import price, however, showed a relatively flat trend pattern. Over the period under review, average import prices reached the peak figure at $788,685 per ton in 2016; however, from 2017 to 2022, import prices remained at a lower figure.
There were significant differences in the average prices amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was Germany ($1,582,150 per ton), while the price for Turkey ($99,316 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by China (+19.4%), while the prices for the other major suppliers experienced more modest paces of growth.
Price for Navigational Instruments and Appliances; Parts and Accessories in Kuwait (FOB) - 2022
The average export price for navigational instruments and appliances; parts and accessorieses stood at $293,138 per ton in 2022, which is down by -3.3% against the previous year. Overall, the export price continues to indicate a abrupt setback. The most prominent rate of growth was recorded in 2017 an increase of 240%. The export price peaked at $555,211 per ton in 2012; however, from 2013 to 2022, the export prices remained at a lower figure.
There were significant differences in the average prices for the major foreign markets. In 2022, amid the top suppliers, the country with the highest price was France ($1,004,000 per ton), while the average price for exports to Hungary ($3,000 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Egypt (+155.2%), while the prices for the other major destinations experienced more modest paces of growth.
Imports of Navigational Instruments and Appliances; Parts and Accessories in Kuwait
For the third consecutive year, Kuwait recorded decline in overseas purchases of navigational instruments and appliances; parts and accessorieses, which decreased by -20.4% to 709 kg in 2022. Overall, imports saw a dramatic downturn. The smallest decline of -15.6% was in 2020.
In value terms, imports of navigational instruments and appliances; parts and accessorieses soared to $441K in 2022. In general, imports recorded a precipitous descent.
| Import of Navigational Instruments and Appliances; Parts and Accessories in Kuwait (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| United States | 387 | 246 | 132 | 202 | -19.5% |
| Mexico | 7.7 | 5.8 | 21.4 | 46.7 | 82.4% |
| Germany | 65.4 | 21.4 | 22.6 | 31.6 | -21.5% |
| United Arab Emirates | 200 | 8.0 | 1.9 | 22.0 | -52.1% |
| Australia | 1.6 | 9.3 | 8.1 | 13.0 | 101.0% |
| Bahrain | 2.2 | 5.8 | 11.2 | 12.4 | 78.0% |
| Canada | 12.8 | 9.7 | 7.9 | 11.3 | -4.1% |
| China | 6.3 | 6.6 | 12.9 | 11.0 | 20.4% |
| Sweden | 5.0 | 9.0 | 7.1 | 10.3 | 27.2% |
| Turkey | 3.5 | 8.7 | 8.1 | 9.7 | 40.5% |
| Taiwan (Chinese) | 12.2 | 12.3 | 4.2 | 5.7 | -22.4% |
| Hungary | 4.1 | 10.3 | 14.0 | 5.6 | 11.0% |
| South Korea | 3.8 | 6.0 | 4.1 | 5.2 | 11.0% |
| Others | 150 | 139 | 78.9 | 54.1 | -28.8% |
| Total | 862 | 498 | 334 | 441 | -20.0% |
Top Suppliers of Navigational Instruments and Appliances; Parts and Accessories to Kuwait in 2022:
- United States (148.0 kg)
- Turkey (98.0 kg)
- Mexico (86.0 kg)
- United Arab Emirates (49.0 kg)
- Bahrain (48.0 kg)
- Canada (46.0 kg)
- Sweden (40.0 kg)
- Australia (27.0 kg)
- Hungary (22.0 kg)
- Taiwan (Chinese) (21.0 kg)
- China (20.0 kg)
- Germany (20.0 kg)
- South Korea (14.0 kg)
Exports of Navigational Instruments and Appliances; Parts and Accessories in Kuwait
For the third consecutive year, Kuwait recorded decline in shipments abroad of navigational instruments and appliances; parts and accessorieses, which decreased by -21.6% to 29 kg in 2022. In general, exports recorded a sharp setback.
In value terms, exports of navigational instruments and appliances; parts and accessorieses declined markedly to $8.5K in 2022. Over the period under review, exports showed a precipitous curtailment.
| Export of Navigational Instruments and Appliances; Parts and Accessories in Kuwait (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Saudi Arabia | 20.9 | 15.4 | 8.8 | 6.9 | -30.9% |
| France | 8.3 | 4.4 | 1.8 | 1.0 | -50.6% |
| United Arab Emirates | 1.0 | 0.7 | 0.4 | 0.3 | -33.1% |
| Singapore | 0.4 | 0.2 | 0.1 | 0.1 | -37.0% |
| United Kingdom | 0.3 | 0.2 | 0.1 | 0.1 | -30.7% |
| Argentina | N/A | N/A | N/A | 0.1 | 0% |
| Hungary | N/A | N/A | N/A | N/A | 0% |
| Netherlands | 0.1 | N/A | N/A | N/A | 0% |
| Others | 0.2 | 0.2 | N/A | N/A | 0.0% |
| Total | 31.2 | 21.2 | 11.2 | 8.5 | -35.2% |
Top Export Markets for Navigational Instruments and Appliances; Parts and Accessories from Kuwait in 2022:
- Saudi Arabia (22.0 kg)
- Netherlands (1.0 kg)
- Singapore (1.0 kg)
- United Arab Emirates (1.0 kg)
- France (1.0 kg)
- United Kingdom (1.0 kg)
- Hungary (1.0 kg)
- Argentina (1.0 kg)
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