Kuwait - Winding Wire For Electrical Purposes - Market Analysis, Forecast, Size, Trends And Insights
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View PricingWinding Wire Price in Kuwait - 2021
Contents:
- Winding Wire Price in Kuwait (CIF) - 2021
- Winding Wire Price in Kuwait (FOB) - 2022
- Winding Wire Imports in Kuwait
- Winding Wire Exports in Kuwait
Winding Wire Price in Kuwait (CIF) - 2021
In December 2021, the average winding wire import price amounted to $11,061 per ton, rising by 13% against the previous month. Over the period from January 2021 to December 2021, it increased at an average monthly rate of +1.6%. The pace of growth appeared the most rapid in June 2021 when the average import price increased by 39% month-to-month. The import price peaked at $11,855 per ton in July 2021; however, from August 2021 to December 2021, import prices failed to regain momentum.
Prices varied noticeably by the country of origin: the country with the highest price was Turkey ($10,679 per ton), while the price for China ($5,919 per ton) was amongst the lowest.
From January 2021 to December 2021, the most notable rate of growth in terms of prices was attained by Turkey (+11.7%), while the prices for the other major suppliers experienced more modest paces of growth.
Winding Wire Price in Kuwait (FOB) - 2022
The average winding wire export price stood at $5,249 per ton in 2022, shrinking by -1.9% against the previous year. Overall, the export price recorded a relatively flat trend pattern. The growth pace was the most rapid in 2021 when the average export price increased by 18% against the previous year. The export price peaked at $5,724 per ton in 2012; however, from 2013 to 2022, the export prices stood at a somewhat lower figure.
As there is only one major export destination, the average price level is determined by prices for Niger.
From 2012 to 2022, the rate of growth in terms of prices for Bahrain amounted to -1.5% per year.
Winding Wire Imports in Kuwait
Winding wire imports into Kuwait skyrocketed to 3.5K tons in 2022, jumping by 85% on the previous year's figure. Over the period under review, imports, however, saw a abrupt slump.
In value terms, winding wire imports skyrocketed to $42M in 2022. Overall, imports recorded resilient growth. As a result, imports reached the peak and are likely to continue growth in the immediate term.
Import of Winding Wire in Kuwait (Million USD) | |||||
---|---|---|---|---|---|
COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
India | 4.3 | 1.6 | 7.1 | 35.1 | 101.3% |
Egypt | 14.2 | 6.7 | 0.4 | 3.3 | -38.5% |
Turkey | 1.8 | 0.6 | 0.9 | 1.5 | -5.9% |
Italy | 0.5 | 0.1 | 0.2 | 0.4 | -7.2% |
China | 0.4 | 0.2 | 0.4 | 0.4 | 0.0% |
Jordan | 2.6 | 0.8 | 7.3 | N/A | 67.6% |
United Arab Emirates | 0.5 | N/A | 0.8 | N/A | 26.5% |
Others | 1.6 | 0.5 | 1.1 | 1.1 | -11.7% |
Total | 25.8 | 10.5 | 18.2 | 41.8 | 17.4% |
Top Suppliers of Winding Wire to Kuwait in 2022:
- India (2885.3 tons)
- Egypt (194.2 tons)
- China (160.1 tons)
- Turkey (142.2 tons)
- Italy (55.2 tons)
Winding Wire Exports in Kuwait
In 2022, approx. 874 tons of winding wire for electrical purposes were exported from Kuwait; rising by 12% against 2021. Over the period under review, exports, however, saw a perceptible slump. The growth pace was the most rapid in 2020 when exports increased by 62%. As a result, the exports attained the peak of 1.5K tons. From 2021 to 2022, the growth of the exports remained at a lower figure.
In value terms, winding wire exports expanded rapidly to $4.6M in 2022. Overall, total exports indicated a notable expansion from 2019 to 2022: its value increased at an average annual rate of +2.6% over the last three years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, exports decreased by -33.6% against 2020 indices. The pace of growth appeared the most rapid in 2020 with an increase of 62%. As a result, the exports attained the peak of $6.9M. From 2021 to 2022, the growth of the exports remained at a lower figure.
Export of Winding Wire in Kuwait (Million USD) | |||||
---|---|---|---|---|---|
COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
Niger | N/A | N/A | N/A | 1.3 | 0% |
Thailand | N/A | 3.9 | N/A | N/A | 0% |
India | 3.8 | N/A | N/A | N/A | 0% |
Tanzania | N/A | 3.0 | N/A | N/A | 0% |
United Arab Emirates | N/A | N/A | 4.1 | N/A | 0% |
Others | 0.5 | N/A | 0.1 | 3.3 | 87.6% |
Total | 4.3 | 6.9 | 4.2 | 4.6 | 2.3% |
Top Export Markets for Winding Wire from Kuwait in 2022:
- Niger (872.2 tons)
This report provides an in-depth analysis of the winding wire 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 27321100 - Winding wire for electrical purposes
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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