Report Update Nov 1, 2024

Kuwait - Grinding, Sanding or Polishing Machines - Market Analysis, Forecast, Size, Trends and Insights

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Kuwait: Market for Grinding, Sanding and Polishing Machines 2024

Market Size for Grinding, Sanding and Polishing Machines in Kuwait

The Kuwaiti market for grinding, sanding and polishing machines soared to $X in 2021, increasing by 275% 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). Overall, consumption showed a significant increase. As a result, consumption reached the peak level of $X. From 2019 to 2021, the growth of the market failed to regain momentum.

Exports of Grinding, Sanding and Polishing Machines

Exports from Kuwait

In 2021, overseas shipments of grinding, sanding and polishing machines increased by 40% to X units, rising for the fifth year in a row after two years of decline. In general, exports recorded a slight expansion. The most prominent rate of growth was recorded in 2017 when exports increased by 200%. The exports peaked at X units in 2014; however, from 2015 to 2021, the exports remained at a lower figure.

In value terms, grinding, sanding and polishing machine exports surged to $X in 2021. Over the period under review, exports, however, continue to indicate a precipitous shrinkage. The most prominent rate of growth was recorded in 2014 when exports increased by 44,522%. As a result, the exports reached the peak of $X. From 2015 to 2021, the growth of the exports failed to regain momentum.

Exports by Country

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

From 2012 to 2021, the average annual growth rate of volume to the United Arab Emirates totaled +1.7%.

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

From 2012 to 2021, the average annual rate of growth in terms of value to the United Arab Emirates amounted to -41.4%.

Export Prices by Country

In 2021, the average export price for grinding, sanding and polishing machines amounted to $X per unit, waning by -10.4% against the previous year. In general, the export price faced a sharp shrinkage. The growth pace was the most rapid in 2016 when the average export price increased by 30% against the previous year. The export price peaked at $X per unit in 2012; however, from 2013 to 2021, the export prices failed to regain momentum.

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

From 2012 to 2021, the rate of growth in terms of prices for the United Arab Emirates amounted to -42.4% per year.

Imports of Grinding, Sanding and Polishing Machines

Imports into Kuwait

In 2021, approx. X units of grinding, sanding and polishing machines were imported into Kuwait; surging by 288% on 2020 figures. Overall, imports recorded a significant increase. The most prominent rate of growth was recorded in 2018 when imports increased by 3,565%. As a result, imports reached the peak of X units. From 2019 to 2021, the growth of imports remained at a lower figure.

In value terms, grinding, sanding and polishing machine imports soared to $X in 2021. Over the period under review, imports saw a significant increase. The pace of growth was the most pronounced in 2018 with an increase of 2,231%. As a result, imports attained the peak of $X. From 2019 to 2021, the growth of imports remained at a somewhat lower figure.

Imports by Country

In 2021, China (X units) was the main grinding, sanding and polishing machine supplier to Kuwait, with a 90% share of total imports. Moreover, grinding, sanding and polishing machine imports from China exceeded the figures recorded by the second-largest supplier, Egypt (X units), more than tenfold. Italy (X units) ranked third in terms of total imports with a 0.6% share.

From 2012 to 2021, the average annual growth rate of volume from China amounted to +126.7%. The remaining supplying countries recorded the following average annual rates of imports growth: Egypt (+35.7% per year) and Italy (+20.9% per year).

In value terms, China ($X) constituted the largest supplier of grinding, sanding and polishing machines to Kuwait, comprising 38% of total imports. The second position in the ranking was taken by Egypt ($X), with an 11% share of total imports. It was followed by Pakistan, with a 3.4% share.

From 2012 to 2021, the average annual growth rate of value from China stood at +76.8%. The remaining supplying countries recorded the following average annual rates of imports growth: Egypt (+81.6% per year) and Pakistan (+31.5% per year).

Import Prices by Country

In 2021, the average import price for grinding, sanding and polishing machines amounted to $X per unit, reducing by -35.3% against the previous year. Overall, the import price saw a abrupt contraction. The most prominent rate of growth was recorded in 2014 an increase of 67% against the previous year. The import price peaked at $X per unit in 2015; however, from 2016 to 2021, import prices failed to regain momentum.

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

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Pakistan (+100.1%), while the prices for the other major suppliers experienced mixed trend patterns.

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :

What are the largest markets for grinding, sanding and polishing machines in the world?

The countries with the highest volumes of grinding, sanding and polishing machine consumption in 2021 were the United States, China and the Netherlands, together comprising 37% of global consumption.

What are the largest producers of grinding, sanding and polishing machines in the world?

The country with the largest volume of grinding, sanding and polishing machine production was China, accounting for 43% of total volume. Moreover, grinding, sanding and polishing machine production in China exceeded the figures recorded by the second-largest producer, India, fivefold. The third position in this ranking was occupied by Japan, with a 5.5% share.

What are the leading suppliers of grinding, sanding and polishing machines to Kuwait?

In value terms, China constituted the largest supplier of grinding, sanding and polishing machine to Kuwait, comprising 27% of total imports. The second position in the ranking was occupied by Austria, with a 13% share of total imports. It was followed by the United Arab Emirates, with a 12% share.

What are the leading importers of grinding, sanding and polishing machines from Kuwait?

In value terms, the United Arab Emirates $88) remains the key foreign market for grinding, sanding and polishing machine exports from Kuwait.

What is the average export price for grinding, sanding and polishing machines in Kuwait?

In 2021, the average export price for grinding, sanding and polishing machines amounted to $89 per unit, which is down by -4.6% against the previous year.

What is the average import price for grinding, sanding and polishing machines in Kuwait?

In 2021, the average import price for grinding, sanding and polishing machines amounted to $512 per unit, shrinking by -15.6% against the previous year.

This report provides an in-depth analysis of the market for grinding, sanding and polishing machine 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 28491263 - Grinding, sanding or polishing machines for working wood, c ork, bone, hard rubber, hard plastics or similar hard materials

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