Key Market Indicators
KUWAIT CITY — Kuwaiti exports of electrical equipment are projected to rise to approximately $217 million by 2028, up from around $202 million in 2023. This represents an average annual growth rate of 1.2%. Notably, the supply of such equipment has remained stable on a year-to-year basis since 2005. Meanwhile, imports of electrical equipment into Kuwait are expected to surge to nearly $5.8 billion by 2028, compared to about $5 billion in 2023. This growth translates to a compound annual growth rate (CAGR) of 2.3%. Since 2005, the demand for electrical equipment in the country has grown at an average annual rate of 3.6%.
