Kuwait: Electric Brazing Machine Market 2024

Electric Brazing Machine Market Size in Kuwait

The Kuwaiti electric brazing machine market rose notably to $X in 2022, increasing by 10% against the previous year. Overall, consumption posted a buoyant increase. Over the period under review, the market attained the maximum level at $X in 2017; however, from 2018 to 2022, consumption stood at a somewhat lower figure.

Electric Brazing Machine Production in Kuwait

In value terms, electric brazing machine production shrank to $X in 2022 estimated in export price. Over the period under review, production saw a buoyant increase. The growth pace was the most rapid in 2021 when the production volume increased by 7.4%. Electric brazing machine production peaked at $X in 2019; however, from 2020 to 2022, production stood at a somewhat lower figure.

Electric Brazing Machine Exports

Exports from Kuwait

In 2022, exports of electric brazing or soldering machines and apparatus from Kuwait shrank notably to X units, with a decrease of -16.3% compared with the previous year. Overall, exports, however, showed significant growth. The most prominent rate of growth was recorded in 2018 with an increase of 860%. The exports peaked at X units in 2019; however, from 2020 to 2022, the exports failed to regain momentum.

In value terms, electric brazing machine exports expanded sharply to $X in 2022. Over the period under review, exports, however, recorded a measured increase. The pace of growth appeared the most rapid in 2018 when exports increased by 1,430%. The exports peaked at $X in 2019; however, from 2020 to 2022, the exports stood at a somewhat lower figure.

Exports by Country

The United Arab Emirates (X units), Saudi Arabia (X units) and Germany (X units) were the main destinations of electric brazing machine exports from Kuwait, together accounting for 77% of total exports.

From 2012 to 2022, the biggest increases were recorded for the United Arab Emirates (with a CAGR of +58.7%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, Saudi Arabia ($X) remains the key foreign market for electric brazing or soldering machines and apparatus exports from Kuwait, comprising 37% of total exports. The second position in the ranking was held by Germany ($X), with a 17% share of total exports. It was followed by Egypt, with a 17% share.

From 2012 to 2022, the average annual growth rate of value to Saudi Arabia stood at +11.6%. Exports to the other major destinations recorded the following average annual rates of exports growth: Germany (-9.8% per year) and Egypt (+13.4% per year).

Export Prices by Country

The average electric brazing machine export price stood at $X per unit in 2022, surging by 30% against the previous year. Over the period under review, the export price, however, saw a abrupt descent. The pace of growth appeared the most rapid in 2018 when the average export price increased by 59% against the previous year. Over the period under review, the average export prices reached the peak figure at $X per unit in 2015; however, from 2016 to 2022, 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 Egypt ($X per unit), while the average price for exports to Bahrain ($X per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Egypt (+0.2%), while the prices for the other major destinations experienced a decline.

Electric Brazing Machine Imports

Imports into Kuwait

In 2022, after four years of decline, there was significant growth in overseas purchases of electric brazing or soldering machines and apparatus, when their volume increased by 74% to X units. Over the period under review, imports showed a strong increase. The most prominent rate of growth was recorded in 2014 with an increase of 226% against the previous year. Over the period under review, imports attained the maximum at X units in 2017; however, from 2018 to 2022, imports failed to regain momentum.

In value terms, electric brazing machine imports soared to $X in 2022. Overall, imports saw a moderate increase. The most prominent rate of growth was recorded in 2015 with an increase of 196%. Imports peaked at $X in 2017; however, from 2018 to 2022, imports remained at a lower figure.

Imports by Country

Saudi Arabia (X units), Japan (X units) and Turkey (X units) were the main suppliers of electric brazing machine imports to Kuwait, together accounting for 73% of total imports.

From 2012 to 2022, the biggest increases were recorded for Japan (with a CAGR of +68.0%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, Saudi Arabia ($X), Japan ($X) and Switzerland ($X) appeared to be the largest electric brazing machine suppliers to Kuwait, together accounting for 74% of total imports. The United Arab Emirates, Germany, Turkey, Italy, Canada and the United States lagged somewhat behind, together accounting for a further 15%.

In terms of the main suppliers, the United Arab Emirates, with a CAGR of +108.3%, saw 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 2022, the average electric brazing machine import price amounted to $X per unit, declining by -16.7% against the previous year. Overall, the import price continues to indicate a perceptible shrinkage. The most prominent rate of growth was recorded in 2019 an increase of 33% against the previous year. The import price peaked at $X per unit in 2012; however, from 2013 to 2022, import prices failed to regain momentum.

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

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Canada (+9.7%), while the prices for the other major suppliers experienced a decline.

Source: IndexBox Platform

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