Kuwait: Market for In-Hand Motor Grinders, Sanders And Planers 2024

Market Size for In-Hand Motor Grinders, Sanders And Planers in Kuwait

The Kuwaiti market for in-hand motor grinders, sanders and planers surged to $X in 2021, jumping by 55% 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, the total consumption indicated a moderate expansion from 2012 to 2021: its value increased at an average annual rate of +3.3% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, consumption increased by +56.6% against 2019 indices. Consumption of peaked at $X in 2018; afterwards, it flattened through to 2021.

Exports of In-Hand Motor Grinders, Sanders And Planers

Exports from Kuwait

In 2021, overseas shipments of in-hand motor grinders, sanders and planers decreased by -51.6% to X units for the first time since 2018, thus ending a two-year rising trend. Over the period under review, exports recorded a relatively flat trend pattern. The pace of growth was the most pronounced in 2014 with an increase of 1,877% against the previous year. Over the period under review, the exports of hit record highs at X units in 2020, and then declined significantly in the following year.

In value terms, exports of in-hand motor grinders, sanders and planers dropped significantly to $X in 2021. Overall, exports, however, showed a slight expansion. The pace of growth appeared the most rapid in 2014 with an increase of 2,766% against the previous year. Over the period under review, the exports of attained the peak figure at $X in 2020, and then reduced sharply in the following year.

Exports by Country

Germany (X units) was the main destination for exports of in-hand motor grinders, sanders and planers from Kuwait, with a 62% share of total exports. Moreover, exports of in-hand motor grinders, sanders and planers to Germany exceeded the volume sent to the second major destination, Oman (X units), fourfold. The third position in this ranking was held by the United Arab Emirates (X units), with a 7.7% share.

From 2012 to 2021, the average annual growth rate of volume to Germany amounted to +8.2%. Exports to the other major destinations recorded the following average annual rates of exports growth: Oman (-6.6% per year) and the United Arab Emirates (+8.8% per year).

In value terms, the largest markets for electromechanical tools for working in the hand, with self-contained electric motor exported from Kuwait were Germany ($X), Bahrain ($X) and the United Arab Emirates ($X), together comprising 81% of total exports.

Bahrain, with a CAGR of +45.1%, recorded 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

The average export price for in-hand motor grinders, sanders and planers stood at $X per unit in 2021, with an increase of 52% against the previous year. Over the period under review, the export price recorded mild growth. The most prominent rate of growth was recorded in 2018 when the average export price increased by 132% against the previous year. As a result, the export price attained the peak level of $X per unit. From 2019 to 2021, the average export prices remained at a lower figure.

Prices varied noticeably country of destination: the country with the highest price was Bahrain ($X per unit), while the average price for exports to Oman ($X per unit) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was recorded for supplies to France (+3.4%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of In-Hand Motor Grinders, Sanders And Planers

Imports into Kuwait

In 2021, imports of in-hand motor grinders, sanders and planers into Kuwait surged to X units, growing by 64% against the previous year's figure. Overall, total imports indicated a remarkable increase from 2012 to 2021: its volume increased at an average annual rate of +6.9% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, imports increased by +81.0% against 2019 indices. As a result, imports attained the peak and are likely to continue growth in the immediate term.

In value terms, imports of in-hand motor grinders, sanders and planers skyrocketed to $X in 2021. Over the period under review, imports showed a relatively flat trend pattern. Imports peaked at $X in 2018; however, from 2019 to 2021, imports stood at a somewhat lower figure.

Imports by Country

In 2021, China (X units) constituted the largest electromechanical tools for working in the hand, with self-contained electric motor supplier to Kuwait, with a 62% share of total imports. Moreover, imports of in-hand motor grinders, sanders and planers from China exceeded the figures recorded by the second-largest supplier, the United Arab Emirates (X units), threefold. Japan (X units) ranked third in terms of total imports with a 3.4% share.

From 2012 to 2021, the average annual rate of growth in terms of volume from China totaled +26.3%. The remaining supplying countries recorded the following average annual rates of imports growth: the United Arab Emirates (-0.1% per year) and Japan (-10.0% per year).

In value terms, the largest electromechanical tools for working in the hand, with self-contained electric motor suppliers to Kuwait were the United Arab Emirates ($X), China ($X) and Japan ($X), together comprising 78% of total imports.

Among the main suppliers, China, with a CAGR of +25.8%, saw the highest rates of growth with regard to the value of imports, over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

The average import price for in-hand motor grinders, sanders and planers stood at $X per unit in 2021, shrinking by -13.5% against the previous year. Over the period under review, the import price saw a deep reduction. The growth pace was the most rapid in 2019 when the average import price increased by 34% against the previous year. Over the period under review, average import prices hit record highs at $X per unit in 2012; however, from 2013 to 2021, import prices failed to regain momentum.

Prices varied noticeably country of origin: the country with the highest price was the United Arab Emirates ($X per unit), while the price for China ($X per unit) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Romania (+4.2%), while the prices for the other major suppliers experienced a decline.

Source: IndexBox Platform

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