Kuwait: Electro-Magnetic Coupling Market 2025

Electro-Magnetic Coupling Market Size in Kuwait

In 2022, the Kuwaiti electro-magnetic coupling market was finally on the rise to reach $X for the first time since 2018, thus ending a three-year declining trend. Over the period under review, consumption enjoyed a measured expansion. As a result, consumption attained the peak level of $X. From 2016 to 2022, the growth of the market failed to regain momentum.

Electro-Magnetic Coupling Exports

Exports from Kuwait

In 2022, shipments abroad of electro-magnetic couplings, clutches and brakes decreased by -1.7% to X kg, falling for the second consecutive year after four years of growth. In general, exports, however, continue to indicate a measured increase. The pace of growth appeared the most rapid in 2019 when exports increased by 1,651% against the previous year. Over the period under review, the exports reached the maximum at X tons in 2020; however, from 2021 to 2022, the exports stood at a somewhat lower figure.

In value terms, electro-magnetic coupling exports skyrocketed to $X in 2022. Overall, exports, however, continue to indicate buoyant growth. The most prominent rate of growth was recorded in 2019 when exports increased by 2,489%. As a result, the exports attained the peak of $X. From 2020 to 2022, the growth of the exports remained at a somewhat lower figure.

Exports by Country

Qatar (X kg) was the main destination for electro-magnetic coupling exports from Kuwait, accounting for a 97% share of total exports. It was followed by the Netherlands (X kg), with a 1.7% share of total exports.

From 2012 to 2022, the average annual growth rate of volume to Qatar totaled +10.5%. Exports to the other major destinations recorded the following average annual rates of exports growth: the Netherlands (-9.4% per year) and Germany (-10.4% per year).

In value terms, Qatar ($X) remains the key foreign market for electro-magnetic couplings, clutches and brakes exports from Kuwait, comprising 98% of total exports. The second position in the ranking was held by Germany ($X), with a 1.9% share of total exports.

From 2012 to 2022, the average annual rate of growth in terms of value to Qatar totaled +42.8%. Exports to the other major destinations recorded the following average annual rates of exports growth: Germany (-16.2% per year) and the Netherlands (-65.8% per year).

Export Prices by Country

In 2022, the average electro-magnetic coupling export price amounted to $X per ton, jumping by 19% against the previous year. Overall, the export price recorded a resilient increase. The pace of growth was the most pronounced in 2014 an increase of 221% against the previous year. Over the period under review, the average export prices attained the peak figure at $X per ton in 2016; however, from 2017 to 2022, the export prices stood at a somewhat lower figure.

There were significant differences in the average prices for the major overseas markets. In 2022, amid the top suppliers, the country with the highest price was Germany ($X per ton), while the average price for exports to the Netherlands ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Qatar (+29.2%), while the prices for the other major destinations experienced a decline.

Electro-Magnetic Coupling Imports

Imports into Kuwait

After two years of decline, overseas purchases of electro-magnetic couplings, clutches and brakes increased by 65% to X tons in 2022. In general, imports showed noticeable growth. The most prominent rate of growth was recorded in 2015 with an increase of 200%. As a result, imports attained the peak of X tons. From 2016 to 2022, the growth of imports remained at a somewhat lower figure.

In value terms, electro-magnetic coupling imports skyrocketed to $X in 2022. Over the period under review, imports continue to indicate a measured expansion. The growth pace was the most rapid in 2015 when imports increased by 151%. As a result, imports reached the peak of $X. From 2016 to 2022, the growth of imports remained at a lower figure.

Imports by Country

In 2022, the United Arab Emirates (X tons) constituted the largest electro-magnetic coupling supplier to Kuwait, with a 48% share of total imports. Moreover, electro-magnetic coupling imports from the United Arab Emirates exceeded the figures recorded by the second-largest supplier, Germany (X kg), sixfold. The United States (X kg) ranked third in terms of total imports with a 6.6% share.

From 2012 to 2022, the average annual rate of growth in terms of volume from the United Arab Emirates totaled +28.5%. The remaining supplying countries recorded the following average annual rates of imports growth: Germany (-4.4% per year) and the United States (+9.6% per year).

In value terms, the United Arab Emirates ($X) constituted the largest supplier of electro-magnetic couplings, clutches and brakes to Kuwait, comprising 30% of total imports. The second position in the ranking was taken by Germany ($X), with a 14% share of total imports. It was followed by Japan, with a 5.5% share.

From 2012 to 2022, the average annual growth rate of value from the United Arab Emirates amounted to +17.8%. The remaining supplying countries recorded the following average annual rates of imports growth: Germany (-9.4% per year) and Japan (+1.6% per year).

Import Prices by Country

In 2022, the average electro-magnetic coupling import price amounted to $X per ton, leveling off at the previous year. Over the period under review, the import price, however, recorded a relatively flat trend pattern. The most prominent rate of growth was recorded in 2018 when the average import price increased by 38% against the previous year. Over the period under review, average import prices hit record highs at $X per ton in 2013; however, from 2014 to 2022, import prices stood at a somewhat lower figure.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Germany ($X per ton), while the price for New Zealand ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by China (+13.2%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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