Kuwait: Automotive Lighting Market 2024

Automotive Lighting Market Size in Kuwait

The Kuwaiti automotive lighting market declined markedly to $X in 2022, which is down by X% against the previous year. Overall, consumption, however, recorded a buoyant expansion. As a result, consumption attained the peak level of $X. From 2020 to 2022, the growth of the market remained at a lower figure.

Automotive Lighting Production in Kuwait

In value terms, automotive lighting production shrank significantly to $X in 2022 estimated in export price. Over the period under review, production, however, continues to indicate significant growth. The growth pace was the most rapid in 2017 when the production volume increased by X%. Over the period under review, production reached the peak level at $X in 2018; however, from 2019 to 2022, production remained at a lower figure.

Automotive Lighting Exports

Exports from Kuwait

In 2022, shipments abroad of automotive lighting increased by X% to X units, rising for the second consecutive year after two years of decline. Overall, exports posted significant growth. The most prominent rate of growth was recorded in 2014 when exports increased by X%. Over the period under review, the exports reached the peak figure at X units in 2018; however, from 2019 to 2022, the exports stood at a somewhat lower figure.

In value terms, automotive lighting exports dropped sharply to $X in 2022. In general, exports saw significant growth. The pace of growth was the most pronounced in 2014 with an increase of X% against the previous year. The exports peaked at $X in 2018; however, from 2019 to 2022, the exports stood at a somewhat lower figure.

Exports by Country

The United Arab Emirates (X units) was the main destination for automotive lighting exports from Kuwait, accounting for a X% share of total exports. Moreover, automotive lighting exports to the United Arab Emirates exceeded the volume sent to the second major destination, Australia (X units), more than tenfold. The third position in this ranking was held by Singapore (X units), with a X% share.

From 2013 to 2022, the average annual growth rate of volume to the United Arab Emirates amounted to X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Australia (X% per year) and Singapore (X% per year).

In value terms, the United Arab Emirates ($X) emerged as the key foreign market for automotive lighting exports from Kuwait, comprising X% of total exports. The second position in the ranking was held by Australia ($X), with a X% share of total exports. It was followed by Singapore, with a X% share.

From 2013 to 2022, the average annual rate of growth in terms of value to the United Arab Emirates amounted to X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Australia (X% per year) and Singapore (X% per year).

Export Prices by Country

In 2022, the average automotive lighting export price amounted to $X per unit, which is down by X% against the previous year. In general, the export price saw a relatively flat trend pattern. The growth pace was the most rapid in 2014 an increase of X%. Over the period under review, the average export prices attained the maximum at $X per unit in 2019; however, from 2020 to 2022, the 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 ($X per unit), while the average price for exports to the United Arab Emirates ($X per unit) was amongst the lowest.

From 2013 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Qatar (X%), while the prices for the other major destinations experienced mixed trend patterns.

Automotive Lighting Imports

Imports into Kuwait

In 2022, the amount of automotive lighting imported into Kuwait dropped slightly to X units, declining by X% compared with the year before. In general, imports recorded a pronounced reduction. The most prominent rate of growth was recorded in 2017 with an increase of X% against the previous year. Imports peaked at X units in 2014; however, from 2015 to 2022, imports remained at a lower figure.

In value terms, automotive lighting imports skyrocketed to $X in 2022. The total import value increased at an average annual rate of X% over the period from 2013 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. Imports peaked at $X in 2018; however, from 2019 to 2022, imports remained at a lower figure.

Imports by Country

China (X units), Taiwan (Chinese) (X units) and Egypt (X units) were the main suppliers of automotive lighting imports to Kuwait, with a combined X% share of total imports.

From 2013 to 2022, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by Egypt (with a CAGR of X%), while imports for the other leaders experienced more modest paces of growth.

In value terms, the largest automotive lighting suppliers to Kuwait were Taiwan (Chinese) ($X), China ($X) and the United States ($X), with a combined X% share of total imports. Japan, Thailand, Ireland, Germany, India, Slovenia, Turkey, Canada and Egypt lagged somewhat behind, together comprising a further X%.

Turkey, with a CAGR of X%, saw the highest growth rate of the value of imports, in terms of the main suppliers over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

In 2022, the average automotive lighting import price amounted to $X per unit, with an increase of X% against the previous year. Over the period under review, import price indicated resilient growth from 2013 to 2022: its price increased at an average annual rate of X% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, automotive lighting import price increased by X% against 2018 indices. The most prominent rate of growth was recorded in 2016 when the average import price increased by X%. Over the period under review, average import prices reached the peak figure in 2022 and is likely to see gradual growth in years to come.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was the United States ($X per unit), while the price for Egypt ($X per unit) was amongst the lowest.

From 2013 to 2022, the most notable rate of growth in terms of prices was attained by the United States (X%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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