Report Update: Apr 1, 2024

Kuwait - Direction Finding Compasses - Market Analysis, Forecast, Size, Trends And Insights

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Direction Finding Compass Price in Kuwait - 2021

Direction Finding Compass Price in Kuwait (CIF) - 2022

In 2022, the average direction finding compass import price amounted to $8 per unit, which is down by -8.6% against the previous year. Overall, the import price continues to indicate a deep contraction. The most prominent rate of growth was recorded in 2018 an increase of 43%. Over the period under review, average import prices reached the maximum at $23 per unit in 2012; however, from 2013 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 Mexico ($336 per unit), while the price for India ($7.2 per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Taiwan (Chinese) (+14.5%), while the prices for the other major suppliers experienced more modest paces of growth.

Direction Finding Compass Price in Kuwait (FOB) - 2022

In 2022, the average direction finding compass export price amounted to $18 per unit, surging by 8.3% against the previous year. In general, the export price, however, recorded a relatively flat trend pattern. The most prominent rate of growth was recorded in 2014 when the average export price increased by 71%. As a result, the export price attained the peak level of $44 per unit. From 2015 to 2022, the average export prices failed to regain momentum.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was the UK ($621 per unit), while the average price for exports to the Netherlands totaled $124 per unit.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to South Africa (+141.5%), while the prices for the other major destinations experienced mixed trend patterns.

Direction Finding Compass Imports in Kuwait

In 2022, imports of direction finding compasses into Kuwait surged to 15K units, increasing by 38% against 2021. Overall, total imports indicated slight growth from 2019 to 2022: its volume increased at an average annual rate of +1.5% over the last three years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports decreased by -21.7% against 2020 indices. Over the period under review, imports hit record highs at 19K units in 2020; however, from 2021 to 2022, imports stood at a somewhat lower figure.

In value terms, direction finding compass imports surged to $118K in 2022. In general, total imports indicated a resilient increase from 2019 to 2022: its value increased at an average annual rate of +5.9% over the last three-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports decreased by -17.3% against 2020 indices. The most prominent rate of growth was recorded in 2020 with an increase of 44% against the previous year. As a result, imports attained the peak of $143K. From 2021 to 2022, the growth of imports remained at a somewhat lower figure.

Import of Direction Finding Compass in Kuwait (Thousand USD)
COUNTRY	2019	2020	2021	2022	CAGR, 2019-2022
United States	8.1	31.7	10.9	40.2	70.6%
Mexico	16.5	16.4	15.6	12.7	-8.4%
Taiwan (Chinese)	3.4	0.5	13.7	11.1	48.3%
France	5.5	9.0	11.2	9.1	18.3%
United Arab Emirates	8.9	0.4	10.7	8.7	-0.8%
China	17.6	6.7	3.3	3.0	-44.6%
Belgium	N/A	N/A	N/A	0.6	0%
India	0.9	0.6	0.3	0.2	-39.4%
Vietnam	N/A	12.8	N/A	N/A	0%
Malaysia	N/A	1.7	N/A	N/A	0%
Others	38.5	62.9	27.7	32.2	-5.8%
Total	99.3	143	93.2	118	5.9%

Top Suppliers of Direction Finding Compass to Kuwait in 2022:

Taiwan (Chinese) (undefinedK units)
Mexico (undefinedK units)
United Arab Emirates (undefinedK units)
India (undefinedK units)
Belgium (undefinedK units)
United States (0.2K units)
France (0.1K units)
China (0.1K units)

Direction Finding Compass Exports in Kuwait

After two years of decline, shipments abroad of direction finding compasses increased by 15% to 650 units in 2022. Over the period under review, exports, however, showed a abrupt shrinkage. The exports peaked at 947 units in 2019; however, from 2020 to 2022, the exports stood at a somewhat lower figure.

In value terms, direction finding compass exports soared to $12K in 2022. In general, exports, however, recorded a deep slump. Over the period under review, the exports reached the peak figure at $21K in 2019; however, from 2020 to 2022, the exports stood at a somewhat lower figure.

Export of Direction Finding Compass in Kuwait (Thousand USD)
COUNTRY	2019	2020	2021	2022	CAGR, 2019-2022
United Kingdom	19.9	10.5	5.5	6.4	-31.5%
Netherlands	0.6	3.4	3.8	5.2	105.4%
Others	0.2	0.1	0.1	0.1	-20.6%
Total	20.8	14.0	9.4	11.7	-17.5%

Top Export Markets for Direction Finding Compass from Kuwait in 2022:

Netherlands (42.0 units)
United Kingdom (10.0 units)

Source: IndexBox Market Intelligence Platform

This report provides an in-depth analysis of the direction finding compass 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 26511120 - Direction finding compasses (including magnetic, gyroscopic, b innacle and position finding)

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.

1. INTRODUCTION

Making Data-Driven Decisions to Grow Your Business
1. REPORT DESCRIPTION
2. RESEARCH METHODOLOGY AND AI PLATFORM
3. DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
4. GLOSSARY AND SPECIFIC TERMS
2. EXECUTIVE SUMMARY

A Quick Overview of Market Performance
1. KEY FINDINGS
2. MARKET TRENDS This Chapter is Available Only for the Professional Edition PRO
3. MARKET OVERVIEW

Understanding the Current State of The Market and Its Prospects
1. MARKET SIZE
2. MARKET STRUCTURE
3. TRADE BALANCE
4. PER CAPITA CONSUMPTION
5. MARKET FORECAST TO 2030
4. MOST PROMISING PRODUCT

Finding New Products to Diversify Your Business
This Chapter is Available Only for the Professional Edition PRO
1. TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
2. BEST-SELLING PRODUCTS
3. MOST CONSUMED PRODUCT
4. MOST TRADED PRODUCT
5. MOST PROFITABLE PRODUCT FOR EXPORT
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
1. TOP COUNTRIES TO SOURCE YOUR PRODUCT
2. TOP PRODUCING COUNTRIES
3. TOP EXPORTING COUNTRIES
4. LOW-COST EXPORTING COUNTRIES
6. MOST PROMISING OVERSEAS MARKETS

Choosing the Best Countries to Boost Your Exports
This Chapter is Available Only for the Professional Edition PRO
1. TOP OVERSEAS MARKETS FOR EXPORTING YOUR PRODUCT
2. TOP CONSUMING MARKETS
3. UNSATURATED MARKETS
4. TOP IMPORTING MARKETS
5. MOST PROFITABLE MARKETS
7. PRODUCTION

The Latest Trends and Insights into The Industry
1. PRODUCTION VOLUME AND VALUE
8. IMPORTS
The Largest Import Supplying Countries
1. IMPORTS FROM 2012–2023
2. IMPORTS BY COUNTRY
3. IMPORT PRICES BY COUNTRY
9. EXPORTS
The Largest Destinations for Exports
1. EXPORTS FROM 2012–2023
2. EXPORTS BY COUNTRY
3. EXPORT PRICES BY COUNTRY
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
1. Key Findings In 2023
2. Market Volume, In Physical Terms, 2012–2023
3. Market Value, 2012–2023
4. Per Capita Consumption In 2012-2023
5. Imports, In Physical Terms, By Country, 2012–2023
6. Imports, In Value Terms, By Country, 2012–2023
7. Import Prices, By Country Of Origin, 2012–2023
8. Exports, In Physical Terms, By Country, 2012–2023
9. Exports, In Value Terms, By Country, 2012–2023
10. Export Prices, By Country Of Destination, 2012–2023
LIST OF FIGURES
1. Market Volume, In Physical Terms, 2012–2023
2. Market Value, 2012–2023
3. Market Structure – Domestic Supply vs. Imports, In Physical Terms, 2012-2023
4. Market Structure – Domestic Supply vs. Imports, In Value Terms, 2012-2023
5. Trade Balance, In Physical Terms, 2012-2023
6. Trade Balance, In Value Terms, 2012-2023
7. Per Capita Consumption, 2012-2023
8. Market Volume Forecast to 2030
9. Market Value Forecast to 2030
10. Products: Market Size And Growth, By Type
11. Products: Average Per Capita Consumption, By Type
12. Products: Exports And Growth, By Type
13. Products: Export Prices And Growth, By Type
14. Production Volume And Growth
15. Exports And Growth
16. Export Prices And Growth
17. Market Size And Growth
18. Per Capita Consumption
19. Imports And Growth
20. Import Prices
21. Production, In Physical Terms, 2012–2023
22. Production, In Value Terms, 2012–2023
23. Imports, In Physical Terms, 2012–2023
24. Imports, In Value Terms, 2012–2023
25. Imports, In Physical Terms, By Country, 2023
26. Imports, In Physical Terms, By Country, 2012–2023
27. Imports, In Value Terms, By Country, 2012–2023
28. Import Prices, By Country Of Origin, 2012–2023
29. Exports, In Physical Terms, 2012–2023
30. Exports, In Value Terms, 2012–2023
31. Exports, In Physical Terms, By Country, 2023
32. Exports, In Physical Terms, By Country, 2012–2023
33. Exports, In Value Terms, By Country, 2012–2023
34. Export Prices, By Country Of Destination, 2012–2023