Kuwait: Concrete Pump Market 2025

Concrete Pump Market Size in Kuwait

After two years of growth, the Kuwaiti concrete pump market decreased by -13.7% to $X in 2021. Over the period under review, consumption, however, enjoyed a significant expansion. As a result, consumption reached the peak level of $X. From 2017 to 2021, the growth of the market remained at a lower figure.

Concrete Pump Exports

Exports from Kuwait

In 2021, exports of concrete pumps from Kuwait skyrocketed to X units, growing by 67% against 2020. Overall, exports recorded a buoyant increase. The pace of growth was the most pronounced in 2020 when exports increased by 200%. The exports peaked at X units in 2018; however, from 2019 to 2021, the exports stood at a somewhat lower figure.

In value terms, concrete pump exports soared to $X in 2021. In general, exports saw a relatively flat trend pattern. The most prominent rate of growth was recorded in 2017 when exports increased by 618% against the previous year. The exports peaked at $X in 2013; however, from 2014 to 2021, the exports remained at a lower figure.

Exports by Country

Oman (X units) was the main destination for concrete pump exports from Kuwait, accounting for a 60% share of total exports. Moreover, concrete pump exports to Oman exceeded the volume sent to the second major destination, Egypt (X units), threefold.

From 2012 to 2021, the average annual growth rate of volume to Oman stood at +50.0%.

In value terms, the largest markets for concrete pump exported from Kuwait were Oman ($X), the United Arab Emirates ($X) and Egypt ($X), together accounting for 73% of total exports.

Among the main countries of destination, Oman, with a CAGR of +64.8%, recorded the highest growth rate of the value of exports, over the period under review, while shipments for the other leaders experienced mixed trend patterns.

Export Prices by Country

In 2021, the average concrete pump export price amounted to $X per unit, stabilizing at the previous year. In general, the export price saw a noticeable contraction. The growth pace was the most rapid in 2019 an increase of 140%. The export price peaked at $X per unit in 2013; however, from 2014 to 2021, the 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 United Arab Emirates ($X per unit), while the average price for exports to Egypt ($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 Pakistan (+1,069,900.2%), while the prices for the other major destinations experienced mixed trend patterns.

Concrete Pump Imports

Imports into Kuwait

After two years of growth, overseas purchases of concrete pumps decreased by -10% to X units in 2021. In general, imports, however, continue to indicate a significant increase. The pace of growth appeared the most rapid in 2016 when imports increased by 700%. As a result, imports attained the peak of X units. From 2017 to 2021, the growth of imports failed to regain momentum.

In value terms, concrete pump imports rose remarkably to $X in 2021. Overall, imports, however, continue to indicate significant growth. The most prominent rate of growth was recorded in 2016 when imports increased by 621% against the previous year. Imports peaked in 2021 and are expected to retain growth in the near future.

Imports by Country

In 2021, the United States (X units) constituted the largest concrete pump supplier to Kuwait, with a 72% share of total imports. Moreover, concrete pump imports from the United States exceeded the figures recorded by the second-largest supplier, Sweden (X units), sevenfold. The third position in this ranking was taken by Saudi Arabia (X units), with a 5.6% share.

From 2012 to 2021, the average annual rate of growth in terms of volume from the United States stood at +67.0%. The remaining supplying countries recorded the following average annual rates of imports growth: Sweden (+18.9% per year) and Saudi Arabia (0.0% per year).

In value terms, the United States ($X) constituted the largest supplier of concrete pumps to Kuwait, comprising 62% of total imports. The second position in the ranking was held by Sweden ($X), with a 14% share of total imports. It was followed by Saudi Arabia, with a 13% share.

From 2012 to 2021, the average annual rate of growth in terms of value from the United States stood at +60.6%. The remaining supplying countries recorded the following average annual rates of imports growth: Sweden (+106.0% per year) and Saudi Arabia (+60.4% per year).

Import Prices by Country

In 2021, the average concrete pump import price amounted to $X per unit, growing by 22% against the previous year. In general, the import price saw a resilient increase. The most prominent rate of growth was recorded in 2019 when the average import price increased by 42% against the previous year. The import price peaked in 2021 and is likely to see steady growth in years to come.

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

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Saudi Arabia (+46.4%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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