Kuwait: Non-Combined Refrigerator-Freezer Market 2024

Non-Combined Refrigerator-Freezer Market Size in Kuwait

In 2022, after two years of growth, there was significant decline in the Kuwaiti non-combined refrigerator-freezer market, when its value decreased by X% to $X. Overall, consumption recorded a relatively flat trend pattern. As a result, consumption reached the peak level of $X. From 2016 to 2022, the growth of the market remained at a somewhat lower figure.

Non-Combined Refrigerator-Freezer Exports

Exports from Kuwait

In 2022, non-combined refrigerator-freezer exports from Kuwait soared to X units, increasing by X% against the year before. Overall, exports showed buoyant growth. The pace of growth was the most pronounced in 2020 when exports increased by X%. Over the period under review, the exports attained the maximum at X units in 2015; however, from 2016 to 2022, the exports stood at a somewhat lower figure.

In value terms, non-combined refrigerator-freezer exports soared to $X in 2022. In general, exports posted resilient growth. The most prominent rate of growth was recorded in 2017 with an increase of X%. The exports peaked at $X in 2015; however, from 2016 to 2022, the exports remained at a lower figure.

Exports by Country

The United Arab Emirates (X units) was the main destination for non-combined refrigerator-freezer exports from Kuwait, accounting for a X% share of total exports. Moreover, non-combined refrigerator-freezer exports to the United Arab Emirates exceeded the volume sent to the second major destination, Iran (X units), more than tenfold. The third position in this ranking was held by Lebanon (X units), with a X% share.

From 2012 to 2022, the average annual growth rate of volume to the United Arab Emirates stood at X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Iran (X% per year) and Lebanon (X% per year).

In value terms, the United Arab Emirates ($X) emerged as the key foreign market for household refrigerators and freezers (not combined) exports from Kuwait, comprising X% of total exports. The second position in the ranking was held by Iran ($X), with an X% share of total exports. It was followed by Lebanon, with a X% share.

From 2012 to 2022, the average annual rate of growth in terms of value to the United Arab Emirates stood at X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Iran (X% per year) and Lebanon (X% per year).

Export Prices by Country

In 2022, the average non-combined refrigerator-freezer export price amounted to $X per unit, approximately mirroring the previous year. Overall, the export price, however, continues to indicate a deep slump. The most prominent rate of growth was recorded in 2021 when the average export price increased by X%. Over the period under review, the average export prices reached the maximum at $X per unit in 2019; however, from 2020 to 2022, the export prices failed to regain momentum.

Average prices varied somewhat for the major overseas markets. In 2022, amid the top suppliers, the countries with the highest prices were Lebanon ($X per unit) and the United Arab Emirates ($X per unit), while the average price for exports to Saudi Arabia ($X per unit) and Oman ($X per unit) were amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Iran (X%), while the prices for the other major destinations experienced more modest paces of growth.

Non-Combined Refrigerator-Freezer Imports

Imports into Kuwait

In 2022, supplies from abroad of household refrigerators and freezers (not combined) decreased by X% to X units for the first time since 2017, thus ending a four-year rising trend. Over the period under review, imports, however, continue to indicate a relatively flat trend pattern. The growth pace was the most rapid in 2019 when imports increased by X%. Over the period under review, imports reached the peak figure at X units in 2021, and then declined sharply in the following year.

In value terms, non-combined refrigerator-freezer imports contracted sharply to $X in 2022. Overall, imports saw a relatively flat trend pattern. The growth pace was the most rapid in 2021 when imports increased by X%. As a result, imports reached the peak of $X, and then fell significantly in the following year.

Imports by Country

China (X units), Thailand (X units) and Turkey (X units) were the main suppliers of non-combined refrigerator-freezer imports to Kuwait, with a combined X% share of total imports.

From 2013 to 2022, the biggest increases were recorded for Turkey (with a CAGR of X%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, China ($X), Thailand ($X) and Turkey ($X) appeared to be the largest non-combined refrigerator-freezer suppliers to Kuwait, together accounting for X% of total imports.

Turkey, with a CAGR of X%, recorded the highest growth rate of the value of imports, among the main suppliers over the period under review, while purchases for the other leaders experienced mixed trend patterns.

Import Prices by Country

In 2022, the average non-combined refrigerator-freezer import price amounted to $X per unit, growing by X% against the previous year. In general, the import price, however, recorded a relatively flat trend pattern. The most prominent rate of growth was recorded in 2018 an increase of X%. As a result, import price attained the peak level of $X per unit. From 2019 to 2022, the average 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 the United States ($X per unit), while the price for Italy ($X per unit) was amongst the lowest.

From 2013 to 2022, the most notable rate of growth in terms of prices was attained by China (X%), while the prices for the other major suppliers experienced a decline.

Source: IndexBox Platform

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