Report Update Nov 1, 2024

Kuwait - Grinding or Polishing Machines for Working Stone, Ceramics and Concrete - Market Analysis, Forecast, Size, Trends and Insights

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Kuwait: Stone Polishing Machine Market 2024

Stone Polishing Machine Market Size in Kuwait

The Kuwaiti stone polishing machine market contracted to $X in 2022, declining by -9% 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). In general, consumption posted a temperate increase. Over the period under review, the market reached the peak level at $X in 2019; however, from 2020 to 2022, consumption stood at a somewhat lower figure.

Stone Polishing Machine Exports

Exports from Kuwait

Stone polishing machine exports from Kuwait dropped significantly to X units in 2022, which is down by -50% compared with the previous year's figure. Over the period under review, exports saw a deep reduction. The pace of growth appeared the most rapid in 2019 with an increase of 367% against the previous year. As a result, the exports attained the peak of X units. From 2020 to 2022, the growth of the exports remained at a lower figure.

In value terms, stone polishing machine exports soared to $X in 2022. In general, exports showed a deep setback. The most prominent rate of growth was recorded in 2018 with an increase of 239% against the previous year. As a result, the exports attained the peak of $X. From 2019 to 2022, the growth of the exports remained at a lower figure.

Exports by Country

The United Arab Emirates (X units) was the main destination for stone polishing machine exports from Kuwait, with a approx. 100% share of total exports.

From 2012 to 2022, the average annual rate of growth in terms of volume to the United Arab Emirates amounted to -16.4%.

In value terms, the United Arab Emirates ($X) also remains the key foreign market for grinding or polishing machines for working stone, ceramics and concrete exports from Kuwait.

From 2012 to 2022, the average annual rate of growth in terms of value to the United Arab Emirates stood at -12.2%.

Export Prices by Country

The average stone polishing machine export price stood at $X per unit in 2022, with an increase of 154% against the previous year. Over the period under review, the export price, however, recorded a relatively flat trend pattern. The growth pace was the most rapid in 2018 when the average export price increased by 352% against the previous year. As a result, the export price attained the peak level of $X per unit. From 2019 to 2022, the average export prices remained at a lower figure.

As there is only one major export destination, the average price level is determined by prices for the United Arab Emirates.

From 2012 to 2022, the rate of growth in terms of prices for the United Arab Emirates amounted to +5.0% per year.

Stone Polishing Machine Imports

Imports into Kuwait

In 2022, approx. X units of grinding or polishing machines for working stone, ceramics and concrete were imported into Kuwait; remaining constant against the previous year. In general, imports, however, saw a noticeable expansion. The pace of growth was the most pronounced in 2013 with an increase of 146%. Imports peaked at X units in 2014; however, from 2015 to 2022, imports failed to regain momentum.

In value terms, stone polishing machine imports contracted remarkably to $X in 2022. Over the period under review, imports, however, posted a modest increase. The most prominent rate of growth was recorded in 2019 with an increase of 131%. As a result, imports attained the peak of $X. From 2020 to 2022, the growth of imports remained at a lower figure.

Imports by Country

In 2022, China (X units) constituted the largest supplier of stone polishing machine to Kuwait, accounting for a 37% share of total imports. Moreover, stone polishing machine imports from China exceeded the figures recorded by the second-largest supplier, Germany (X units), twofold. Canada (X units) ranked third in terms of total imports with an 8.5% share.

From 2012 to 2022, the average annual growth rate of volume from China totaled +17.9%. The remaining supplying countries recorded the following average annual rates of imports growth: Germany (+18.6% per year) and Canada (+11.6% per year).

In value terms, China ($X) constituted the largest supplier of grinding or polishing machines for working stone, ceramics and concrete to Kuwait, comprising 28% of total imports. The second position in the ranking was taken by Italy ($X), with an 11% share of total imports. It was followed by Canada, with a 9.9% share.

From 2012 to 2022, the average annual growth rate of value from China amounted to +3.0%. The remaining supplying countries recorded the following average annual rates of imports growth: Italy (-7.5% per year) and Canada (+18.1% per year).

Import Prices by Country

In 2022, the average stone polishing machine import price amounted to $X per unit, with a decrease of -17.5% against the previous year. In general, the import price recorded a mild reduction. The growth pace was the most rapid in 2015 an increase of 63% against the previous year. Over the period under review, average import prices hit record highs at $X per unit in 2019; however, from 2020 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 Italy ($X per unit), while the price for Spain ($X per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by the United Arab Emirates (+35.3%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :

What are the largest markets for grinding or polishing machines for working stone, ceramics and concrete in the world?

The countries with the highest volumes of in 2021 were Italy, the United States and South Africa, with a combined 51% share of global consumption. These countries were followed by Brazil, Nigeria, China, Japan, Indonesia, Singapore, Spain, India, Thailand and Malaysia, which together accounted for a further 33%.

What are the largest producers of grinding or polishing machines for working stone, ceramics and concrete in the world?

The country with the largest volume of stone polishing machine production was Italy, accounting for 46% of total volume. Moreover, stone polishing machine production in Italy exceeded the figures recorded by the second-largest producer, China, threefold. South Korea ranked third in terms of total production with a 10% share.

What are the leading suppliers of grinding or polishing machines for working stone, ceramics and concrete to Kuwait?

In value terms, Germany constituted the largest supplier of stone polishing machine to Kuwait, comprising 52% of total imports. The second position in the ranking was occupied by Italy, with a 12% share of total imports. It was followed by China, with an 11% share.

What are the leading importers of grinding or polishing machines for working stone, ceramics and concrete from Kuwait?

In value terms, the United Arab Emirates remains the key foreign market for stone polishing machine exports from Kuwait.

What is the average export price for grinding or polishing machines for working stone, ceramics and concrete in Kuwait?

The average stone polishing machine export price stood at $242 per unit in 2021, declining by -35.5% against the previous year.

What is the average import price for grinding or polishing machines for working stone, ceramics and concrete in Kuwait?

In 2021, the average stone polishing machine import price amounted to $6,589 per unit, growing by 25% against the previous year.

This report provides an in-depth analysis of the stone polishing machine market in Kuwait. Within it, you will discover the latest data on market trends and opportunities by country, consumption, production and price developments, as well as the global trade (imports and exports). The forecast exhibits the market prospects through 2030.

Product coverage:

Prodcom 28491150 - Grinding or polishing machines for working stone, ceramics, c oncrete, asbestos-cement or like mineral materials or for cold working glass

Country coverage:

Kuwait

Data coverage:

Market volume and value
Per Capita consumption
Forecast of the market dynamics in the medium term
Trade (exports and imports) in Kuwait
Export and import prices
Market trends, drivers and restraints
Key market players and their profiles

Reasons to buy this report:

Take advantage of the latest data
Find deeper insights into current market developments
Discover vital success factors affecting the market

This report is designed for manufacturers, distributors, importers, and wholesalers, as well as for investors, consultants and advisors.

In this report, you can find information that helps you to make informed decisions on the following issues:

How to diversify your business and benefit from new market opportunities
How to load your idle production capacity
How to boost your sales on overseas markets
How to increase your profit margins
How to make your supply chain more sustainable
How to reduce your production and supply chain costs
How to outsource production to other countries
How to prepare your business for global expansion

While doing this research, we combine the accumulated expertise of our analysts and the capabilities of artificial intelligence. The AI-based platform, developed by our data scientists, constitutes the key working tool for business analysts, empowering them to discover deep insights and ideas from the marketing data.

1. INTRODUCTION

Making Data-Driven Decisions to Grow Your Business
1. REPORT DESCRIPTION
2. RESEARCH METHODOLOGY AND AI PLATFORM
3. DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
4. GLOSSARY AND SPECIFIC TERMS
2. EXECUTIVE SUMMARY

A Quick Overview of Market Performance
1. KEY FINDINGS
2. MARKET TRENDS This Chapter is Available Only for the Professional Edition PRO
3. MARKET OVERVIEW

Understanding the Current State of The Market and Its Prospects
1. MARKET SIZE
2. MARKET STRUCTURE
3. TRADE BALANCE
4. PER CAPITA CONSUMPTION
5. MARKET FORECAST TO 2030
4. MOST PROMISING PRODUCT

Finding New Products to Diversify Your Business
This Chapter is Available Only for the Professional Edition PRO
1. TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
2. BEST-SELLING PRODUCTS
3. MOST CONSUMED PRODUCT
4. MOST TRADED PRODUCT
5. MOST PROFITABLE PRODUCT FOR EXPORT
5. MOST PROMISING SUPPLYING COUNTRIES

Choosing the Best Countries to Establish Your Sustainable Supply Chain
This Chapter is Available Only for the Professional Edition PRO
1. TOP COUNTRIES TO SOURCE YOUR PRODUCT
2. TOP PRODUCING COUNTRIES
3. TOP EXPORTING COUNTRIES
4. LOW-COST EXPORTING COUNTRIES
6. MOST PROMISING OVERSEAS MARKETS

Choosing the Best Countries to Boost Your Exports
This Chapter is Available Only for the Professional Edition PRO
1. TOP OVERSEAS MARKETS FOR EXPORTING YOUR PRODUCT
2. TOP CONSUMING MARKETS
3. UNSATURATED MARKETS
4. TOP IMPORTING MARKETS
5. MOST PROFITABLE MARKETS
7. PRODUCTION

The Latest Trends and Insights into The Industry
1. PRODUCTION VOLUME AND VALUE
8. IMPORTS
The Largest Import Supplying Countries
1. IMPORTS FROM 2012–2023
2. IMPORTS BY COUNTRY
3. IMPORT PRICES BY COUNTRY
9. EXPORTS
The Largest Destinations for Exports
1. EXPORTS FROM 2012–2023
2. EXPORTS BY COUNTRY
3. EXPORT PRICES BY COUNTRY
10. PROFILES OF MAJOR PRODUCERS

The Largest Producers on The Market and Their Profiles
This Chapter is Available Only for the Professional Edition PRO
LIST OF TABLES
1. Key Findings In 2023
2. Market Volume, In Physical Terms, 2012–2023
3. Market Value, 2012–2023
4. Per Capita Consumption In 2012-2023
5. Imports, In Physical Terms, By Country, 2012–2023
6. Imports, In Value Terms, By Country, 2012–2023
7. Import Prices, By Country Of Origin, 2012–2023
8. Exports, In Physical Terms, By Country, 2012–2023
9. Exports, In Value Terms, By Country, 2012–2023
10. Export Prices, By Country Of Destination, 2012–2023
LIST OF FIGURES
1. Market Volume, In Physical Terms, 2012–2023
2. Market Value, 2012–2023
3. Market Structure – Domestic Supply vs. Imports, In Physical Terms, 2012-2023
4. Market Structure – Domestic Supply vs. Imports, In Value Terms, 2012-2023
5. Trade Balance, In Physical Terms, 2012-2023
6. Trade Balance, In Value Terms, 2012-2023
7. Per Capita Consumption, 2012-2023
8. Market Volume Forecast to 2030
9. Market Value Forecast to 2030
10. Products: Market Size And Growth, By Type
11. Products: Average Per Capita Consumption, By Type
12. Products: Exports And Growth, By Type
13. Products: Export Prices And Growth, By Type
14. Production Volume And Growth
15. Exports And Growth
16. Export Prices And Growth
17. Market Size And Growth
18. Per Capita Consumption
19. Imports And Growth
20. Import Prices
21. Production, In Physical Terms, 2012–2023
22. Production, In Value Terms, 2012–2023
23. Imports, In Physical Terms, 2012–2023
24. Imports, In Value Terms, 2012–2023
25. Imports, In Physical Terms, By Country, 2023
26. Imports, In Physical Terms, By Country, 2012–2023
27. Imports, In Value Terms, By Country, 2012–2023
28. Import Prices, By Country Of Origin, 2012–2023
29. Exports, In Physical Terms, 2012–2023
30. Exports, In Value Terms, 2012–2023
31. Exports, In Physical Terms, By Country, 2023
32. Exports, In Physical Terms, By Country, 2012–2023
33. Exports, In Value Terms, By Country, 2012–2023
34. Export Prices, By Country Of Destination, 2012–2023