Kuwait: Dry-Cleaning Machine Market 2024

Dry-Cleaning Machine Market Size in Kuwait

The Kuwaiti dry-cleaning machine market surged to $X in 2021, jumping by 46% against the previous year. This figure reflects the total revenues of producers and importers (excluding logistics costs, retail marketing costs, and retailers' margins, which will be included in the final consumer price). Overall, consumption, however, showed a deep setback. Dry-cleaning machine consumption peaked at $X in 2012; however, from 2013 to 2021, consumption failed to regain momentum.

Dry-Cleaning Machine Exports

Exports from Kuwait

In 2021, shipments abroad of dry-cleaning machines decreased by 0% to X units, falling for the second year in a row after three years of growth. Over the period under review, exports showed a relatively flat trend pattern. The pace of growth was the most pronounced in 2013 with an increase of 700% against the previous year. As a result, the exports reached the peak of X units. From 2014 to 2021, the growth of the exports remained at a lower figure.

In value terms, dry-cleaning machine exports declined to $X in 2021. Overall, exports enjoyed a strong increase. The pace of growth was the most pronounced in 2013 with an increase of 28,769%. As a result, the exports reached the peak of $X. From 2014 to 2021, the growth of the exports remained at a lower figure.

Exports by Country

Ethiopia (X units) was the main destination for dry-cleaning machine exports from Kuwait, accounting for a approx. 100% share of total exports.

From 2012 to 2021, the average annual rate of growth in terms of volume to Ethiopia was relatively modest.

In value terms, Saudi Arabia ($X) remains the key foreign market for dry-cleaning machines exports from Kuwait, comprising 97% of total exports. The second position in the ranking was taken by Ethiopia ($X), with a 0.8% share of total exports.

From 2012 to 2021, the average annual growth rate of value to Saudi Arabia totaled +29.1%. Exports to the other major destinations recorded the following average annual rates of exports growth: Ethiopia (0.0% per year) and Iraq (-34.5% per year).

Export Prices by Country

The average dry-cleaning machine export price stood at $X per unit in 2021, reducing by -97.4% against the previous year. Over the period under review, the export price, however, continues to indicate a resilient increase. The most prominent rate of growth was recorded in 2013 when the average export price increased by 3,273%. The export price peaked at $X per unit in 2016; however, from 2017 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 Saudi Arabia ($X per unit), while the average price for exports to Ethiopia ($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 Saudi Arabia (+11.1%), while the prices for the other major destinations experienced a decline.

Dry-Cleaning Machine Imports

Imports into Kuwait

In 2021, imports of dry-cleaning machines into Kuwait soared to X units, picking up by 64% against the previous year's figure. Overall, imports, however, showed a abrupt contraction. The most prominent rate of growth was recorded in 2018 when imports increased by 250% against the previous year. Imports peaked at X units in 2012; however, from 2013 to 2021, imports remained at a lower figure.

In value terms, dry-cleaning machine imports surged to $X in 2021. In general, imports, however, recorded a perceptible contraction. The most prominent rate of growth was recorded in 2015 when imports increased by 649% against the previous year. As a result, imports reached the peak of $X. From 2016 to 2021, the growth of imports remained at a somewhat lower figure.

Imports by Country

In 2021, China (X units) constituted the largest supplier of dry-cleaning machine to Kuwait, with a 65% share of total imports. Moreover, dry-cleaning machine imports from China exceeded the figures recorded by the second-largest supplier, Italy (X units), eightfold. The third position in this ranking was held by Turkey (X units), with an 8.7% share.

From 2012 to 2021, the average annual rate of growth in terms of volume from China was relatively modest. The remaining supplying countries recorded the following average annual rates of imports growth: Italy (-4.4% per year) and Turkey (+100.0% per year).

In value terms, Italy ($X) constituted the largest supplier of dry-cleaning machines to Kuwait, comprising 27% of total imports. The second position in the ranking was held by China ($X), with a 9.9% share of total imports. It was followed by Turkey, with an 8.4% share.

From 2012 to 2021, the average annual growth rate of value from Italy amounted to +2.3%. The remaining supplying countries recorded the following average annual rates of imports growth: China (-1.7% per year) and Turkey (+16.0% per year).

Import Prices by Country

In 2021, the average dry-cleaning machine import price amounted to $X per unit, declining by -20.7% against the previous year. Over the period under review, the import price, however, continues to indicate a modest expansion. The most prominent rate of growth was recorded in 2015 an increase of 230%. As a result, import price reached the peak level of $X per unit. From 2016 to 2021, the average import prices remained at a somewhat lower figure.

There were significant differences in the average prices amongst the major supplying countries. In 2021, amid the top importers, the country with the highest price was Thailand ($X per unit), while the price for China ($X per unit) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Thailand (+19.1%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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