Kuwait: Market for Electric Generating Sets And Rotary Converters 2022

Market Size for Electric Generating Sets And Rotary Converters in Kuwait

In 2020, the Kuwaiti market for electric generating sets and rotary converters decreased by -X% to $X, falling for the third consecutive year after two years of growth. In general, consumption saw a deep contraction. The pace of growth was the most pronounced in 2017 with an increase of X% year-to-year. As a result, consumption attained the peak level of $X. from 2018 to 2020, the growth of the market remained at a somewhat lower figure.

Exports of Electric Generating Sets And Rotary Converters

Exports from Kuwait

In 2020, after three years of growth, there was significant decline in overseas shipments of electric generating sets and rotary converters, when their volume decreased by -X% to X units. Overall, exports showed a deep reduction. The growth pace was the most rapid in 2013 with an increase of X% y-o-y. Exports peaked at X units in 2015; however, from 2016 to 2020, exports failed to regain the momentum.

In value terms, exports of electric generating sets and rotary converters declined to $X in 2020. Over the period under review, exports recorded a perceptible descent. The most prominent rate of growth was recorded in 2018 when exports increased by X% year-to-year. Over the period under review, exports hit record highs at $X in 2011; however, from 2012 to 2020, exports failed to regain the momentum.

Exports by Country

The United Arab Emirates (X units), Saudi Arabia (X units) and Egypt (X units) were the main destinations of exports of electric generating sets and rotary converters from Kuwait, together comprising X% of total exports. Qatar, Iran, Lebanon and Bahrain lagged somewhat behind, together accounting for a further X 2007 to 2020, the biggest increases were in Qatar, while shipments for the other leaders experienced mixed trend patterns.

In value terms, Qatar ($X) remains the key foreign market for electric generating set and rotary converter exports from Kuwait, comprising X% of total exports. The second position in the ranking was occupied by the United Arab Emirates ($X), with a X% share of total exports. It was followed by Egypt, with a X% share.

From 2007 to 2020, the average annual growth rate of value to Qatar stood at +X%. Exports to the other major destinations recorded the following average annual rates of exports growth: the United Arab Emirates (-X% per year) and Egypt (+X% per year).

Export Prices by Country

The average export price for electric generating sets and rotary converters stood at $X per unit in 2020, with an increase of X% against the previous year. In general, the export price enjoyed a noticeable increase. The pace of growth was the most pronounced in 2016 an increase of X% against the previous year. Over the period under review, average export prices reached the maximum at $X per unit in 2009; however, from 2010 to 2020, export prices failed to regain the momentum.

Prices varied noticeably by the country of destination; the country with the highest price was Qatar ($X per unit), while the average price for exports to Saudi Arabia ($X per unit) was amongst the lowest.

From 2007 to 2020, the most notable rate of growth in terms of prices was recorded for supplies to Egypt, while the prices for the other major destinations experienced more modest paces of growth.

Imports of Electric Generating Sets And Rotary Converters

Imports into Kuwait

For the third consecutive year, Kuwait recorded decline in purchases abroad of electric generating sets and rotary converters, which decreased by -X% to X units in 2020. Overall, imports showed a abrupt downturn. The growth pace was the most rapid in 2017 with an increase of X% year-to-year. As a result, imports attained the peak of X units. from 2018 to 2020, the growth of imports remained at a somewhat lower figure.

In value terms, imports of electric generating sets and rotary converters reduced markedly to $X in 2020. In general, imports continue to indicate a deep contraction. The most prominent rate of growth was recorded in 2016 when imports increased by X% y-o-y. Over the period under review, imports reached the maximum at $X in 2007; however, from 2008 to 2020, imports stood at a somewhat lower figure.

Imports by Country

In 2020, China (X units) constituted the largest supplier of electric generating set and rotary converter to Kuwait, with a X% share of total imports. Moreover, imports of electric generating sets and rotary converters from China exceeded the figures recorded by the second-largest supplier, Italy (X units), threefold. Egypt (X units) ranked third in terms of total imports with a X% share.

From 2007 to 2020, the average annual growth rate of volume from China stood at +X%. The remaining supplying countries recorded the following average annual rates of imports growth: Italy (+X% per year) and Egypt (+X% per year).

In value terms, China ($X) constituted the largest supplier of electric generating set and rotary converter to Kuwait, comprising X% of total imports. The second position in the ranking was occupied by India ($X), with a X% share of total imports. It was followed by the United Arab Emirates, with a X% share.

From 2007 to 2020, the average annual growth rate of value from China amounted to +X%. The remaining supplying countries recorded the following average annual rates of imports growth: India (+X% per year) and the United Arab Emirates (-X% per year).

Import Prices by Country

The average import price for electric generating sets and rotary converters stood at $X per unit in 2020, increasing by X% against the previous year. In general, the import price showed a relatively flat trend pattern. The pace of growth was the most pronounced in 2019 when the average import price increased by X% year-to-year. The import price peaked at $X per unit in 2008; however, from 2009 to 2020, import prices remained at a lower figure.

There were significant differences in the average prices amongst the major supplying countries. In 2020, the country with the highest price was the United Arab Emirates ($X per unit), while the price for Italy ($X per unit) was amongst the lowest.

From 2007 to 2020, the most notable rate of growth in terms of prices was attained by China, while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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