Kuwait: Market for Equipment For Scaffolding, Shuttering, Propping Or Pit Propping 2024

Market Size for Equipment For Scaffolding, Shuttering, Propping Or Pit Propping in Kuwait

In 2021, the Kuwaiti market for equipment for scaffolding, shuttering, propping or pit propping decreased by -55.3% to $X, falling for the third consecutive year after seven years of growth. Over the period under review, consumption recorded a sharp curtailment. Scaffolding, shuttering, and propping equipment consumption peaked at $X in 2018; however, from 2019 to 2021, consumption remained at a lower figure.

Exports of Equipment For Scaffolding, Shuttering, Propping Or Pit Propping

Exports from Kuwait

For the fourth consecutive year, Kuwait recorded growth in overseas shipments of equipment for scaffolding, shuttering, propping or pit propping, which increased by 184% to X tons in 2021. Over the period under review, exports showed significant growth. The pace of growth appeared the most rapid in 2014 with an increase of 636% against the previous year. Over the period under review, the exports attained the maximum in 2021 and are expected to retain growth in the near future.

In value terms, scaffolding, shuttering, and propping equipment exports skyrocketed to $X in 2021. Overall, exports enjoyed a significant expansion. The most prominent rate of growth was recorded in 2014 with an increase of 714%. The exports peaked in 2021 and are likely to continue growth in the near future.

Exports by Country

Qatar (X tons) was the main destination for scaffolding, shuttering, and propping equipment exports from Kuwait, with a 26% share of total exports. Moreover, scaffolding, shuttering, and propping equipment exports to Qatar exceeded the volume sent to the second major destination, Iraq (X tons), twofold. The United Arab Emirates (X tons) ranked third in terms of total exports with an 11% share.

From 2012 to 2021, the average annual growth rate of volume to Qatar totaled +107.4%. Exports to the other major destinations recorded the following average annual rates of exports growth: Iraq (+73.1% per year) and the United Arab Emirates (+113.2% per year).

In value terms, Qatar ($X), South Korea ($X) and Egypt ($X) were the largest markets for scaffolding, shuttering, and propping equipment exported from Kuwait worldwide, together accounting for 51% of total exports.

Qatar, with a CAGR of +106.2%, saw the highest growth rate of the value of exports, among the main countries of destination over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

In 2021, the average export price for equipment for scaffolding, shuttering, propping or pit propping amounted to $X per ton, dropping by -22.6% against the previous year. Over the period under review, the export price showed a pronounced setback. The pace of growth was the most pronounced in 2013 an increase of 16% against the previous year. The export price peaked at $X per ton in 2014; however, from 2015 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 Egypt ($X per ton), while the average price for exports to Lebanon ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was recorded for supplies to Iraq (+17.2%), while the prices for the other major destinations experienced mixed trend patterns.

Imports of Equipment For Scaffolding, Shuttering, Propping Or Pit Propping

Imports into Kuwait

In 2021, supplies from abroad of equipment for scaffolding, shuttering, propping or pit propping was finally on the rise to reach X tons for the first time since 2018, thus ending a two-year declining trend. In general, imports, however, continue to indicate a abrupt shrinkage. The most prominent rate of growth was recorded in 2013 when imports increased by 47% against the previous year. Over the period under review, imports reached the maximum at X tons in 2018; however, from 2019 to 2021, imports failed to regain momentum.

In value terms, scaffolding, shuttering, and propping equipment imports surged to $X in 2021. Overall, imports, however, saw a abrupt slump. The pace of growth appeared the most rapid in 2013 with an increase of 47% against the previous year. Imports peaked at $X in 2018; however, from 2019 to 2021, imports remained at a lower figure.

Imports by Country

In 2021, the United Arab Emirates (X tons) constituted the largest supplier of scaffolding, shuttering, and propping equipment to Kuwait, accounting for a 34% share of total imports. Moreover, scaffolding, shuttering, and propping equipment imports from the United Arab Emirates exceeded the figures recorded by the second-largest supplier, China (X tons), twofold. India (X tons) ranked third in terms of total imports with a 12% share.

From 2012 to 2021, the average annual growth rate of volume from the United Arab Emirates amounted to -5.9%. The remaining supplying countries recorded the following average annual rates of imports growth: China (+17.1% per year) and India (-7.4% per year).

In value terms, the largest scaffolding, shuttering, and propping equipment suppliers to Kuwait were the United Arab Emirates ($X), China ($X) and Austria ($X), together comprising 57% of total imports.

China, with a CAGR of +27.0%, saw the highest rates of growth with regard to the value of imports, in terms of the main suppliers over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

In 2021, the average import price for equipment for scaffolding, shuttering, propping or pit propping amounted to $X per ton, flattening at the previous year. Overall, the import price recorded a relatively flat trend pattern. The pace of growth was the most pronounced in 2020 an increase of 20%. Over the period under review, average import prices attained the peak figure at $X per ton in 2012; afterwards, it flattened through to 2021.

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

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by China (+8.5%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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