Kuwait: Check Valve Market 2024

Check Valve Market Size in Kuwait

The Kuwaiti check valve market was finally on the rise to reach $X in 2021, after three years of decline. In general, consumption, however, continues to indicate a drastic downturn. Over the period under review, the market hit record highs at $X in 2017; however, from 2018 to 2021, consumption remained at a lower figure.

Check Valve Exports

Exports from Kuwait

In 2021, after two years of decline, there was significant growth in shipments abroad of check valves for pipes, boiler shells, tanks and vats, when their volume increased by 14% to X units. Over the period under review, exports, however, faced a abrupt setback. The most prominent rate of growth was recorded in 2018 when exports increased by 631% against the previous year. The exports peaked at X units in 2014; however, from 2015 to 2021, the exports remained at a lower figure.

In value terms, check valve exports skyrocketed to $X in 2021. In general, exports, however, recorded a abrupt decrease. The pace of growth appeared the most rapid in 2018 with an increase of 684% against the previous year. The exports peaked at $X in 2019; however, from 2020 to 2021, the exports stood at a somewhat lower figure.

Exports by Country

France (X units), Qatar (X units) and the United Arab Emirates (X units) were the main destinations of check valve exports from Kuwait, with a combined 74% share of total exports.

From 2012 to 2021, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by Qatar (with a CAGR of +35.9%), while the other leaders experienced more modest paces of growth.

In value terms, Qatar ($X), Saudi Arabia ($X) and the United States ($X) appeared to be the largest markets for check valve exported from Kuwait worldwide, with a combined 65% share of total exports.

Qatar, with a CAGR of +75.3%, saw the highest rates of growth with regard to the value of exports, in terms of the main countries of destination over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

In 2021, the average check valve export price amounted to $X per unit, picking up by 9.9% against the previous year. Over the period under review, the export price showed a buoyant increase. The most prominent rate of growth was recorded in 2019 an increase of 92% against the previous year. Over the period under review, the average export prices attained the peak figure in 2021 and is expected to retain growth in the immediate term.

Prices varied noticeably country of destination: the country with the highest price was the United States ($X per unit), while the average price for exports to Nigeria ($X per unit) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was recorded for supplies to Morocco (+97.5%), while the prices for the other major destinations experienced more modest paces of growth.

Check Valve Imports

Imports into Kuwait

In 2021, overseas purchases of check valves for pipes, boiler shells, tanks and vats increased by 31% to X units for the first time since 2017, thus ending a three-year declining trend. Over the period under review, imports, however, recorded a abrupt downturn. The most prominent rate of growth was recorded in 2016 with an increase of 70% against the previous year. Over the period under review, imports reached the maximum at X units in 2017; however, from 2018 to 2021, imports stood at a somewhat lower figure.

In value terms, check valve imports skyrocketed to $X in 2021. Overall, imports, however, showed a abrupt descent. The most prominent rate of growth was recorded in 2016 with an increase of 86% against the previous year. Over the period under review, imports reached the maximum at $X in 2017; however, from 2018 to 2021, imports remained at a lower figure.

Imports by Country

China (X units), Italy (X units) and the United States (X units) were the main suppliers of check valve imports to Kuwait, with a combined 36% share of total imports. These countries were followed by India, Germany, Spain, the UK, Croatia, Saudi Arabia, Singapore, Turkey, Mexico and South Korea, which together accounted for a further 26%.

From 2012 to 2021, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by Croatia (with a CAGR of +44.0%), while imports for the other leaders experienced more modest paces of growth.

In value terms, the largest check valve suppliers to Kuwait were Germany ($X), the United States ($X) and Italy ($X), together comprising 31% of total imports. Spain, China, India, the UK, Singapore, Saudi Arabia, Mexico, Turkey, Croatia and South Korea lagged somewhat behind, together comprising a further 31%.

Among the main suppliers, Singapore, with a CAGR of +46.3%, recorded the highest rates of growth with regard to the value of imports, over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

In 2021, the average check valve import price amounted to $X per unit, rising by 4.5% against the previous year. In general, import price indicated a tangible expansion from 2012 to 2021: its price increased at an average annual rate of +3.3% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, check valve import price increased by +58.2% against 2018 indices. The growth pace was the most rapid in 2020 when the average import price increased by 33% against the previous year. Over the period under review, average import prices reached the peak figure in 2021 and is expected to retain growth in the immediate term.

Prices varied noticeably country of origin: the country with the highest price was Singapore ($X per unit), while the price for China ($X per unit) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Spain (+20.9%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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