Kuwait: Metal Spring Washer Market 2025

Metal Spring Washer Market Size in Kuwait

The Kuwaiti metal spring washer market reduced to $X in 2022, with a decrease of -12.4% 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, however, posted a buoyant expansion. Over the period under review, the market reached the peak level at $X in 2019; however, from 2020 to 2022, consumption failed to regain momentum.

Metal Spring Washer Exports

Exports from Kuwait

In 2022, shipments abroad of iron or steel spring washers was finally on the rise to reach X kg after two years of decline. In general, exports recorded significant growth. The pace of growth was the most pronounced in 2014 with an increase of 2,673%. The exports peaked at X tons in 2016; however, from 2017 to 2022, the exports remained at a lower figure.

In value terms, metal spring washer exports surged to $X in 2022. Overall, exports saw significant growth. The pace of growth appeared the most rapid in 2014 with an increase of 6,085%. The exports peaked at $X in 2020; however, from 2021 to 2022, the exports remained at a lower figure.

Exports by Country

Bahrain (X kg) was the main destination for metal spring washer exports from Kuwait, accounting for a 55% share of total exports. Moreover, metal spring washer exports to Bahrain exceeded the volume sent to the second major destination, the United Arab Emirates (X kg), threefold. Qatar (X kg) ranked third in terms of total exports with a 15% share.

From 2012 to 2022, the average annual growth rate of volume to Bahrain stood at +70.3%. Exports to the other major destinations recorded the following average annual rates of exports growth: the United Arab Emirates (+53.2% per year) and Qatar (+49.6% per year).

In value terms, the United Arab Emirates ($X) emerged as the key foreign market for iron or steel spring washers exports from Kuwait, comprising 58% of total exports. The second position in the ranking was held by Bahrain ($X), with a 29% share of total exports. It was followed by Qatar, with an 8.5% share.

From 2012 to 2022, the average annual growth rate of value to the United Arab Emirates stood at +123.2%. Exports to the other major destinations recorded the following average annual rates of exports growth: Bahrain (+86.2% per year) and Qatar (+71.7% per year).

Export Prices by Country

The average metal spring washer export price stood at $X per ton in 2022, surging by 82% against the previous year. Overall, the export price showed a resilient increase. The most prominent rate of growth was recorded in 2014 when the average export price increased by 123%. Over the period under review, the average export prices hit record highs in 2022 and is likely to continue growth in the near future.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Saudi Arabia ($X per ton), while the average price for exports to Iraq ($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 the United Arab Emirates (+45.7%), while the prices for the other major destinations experienced more modest paces of growth.

Metal Spring Washer Imports

Imports into Kuwait

In 2022, metal spring washer imports into Kuwait shrank to X tons, with a decrease of -11.7% on the year before. Overall, imports, however, showed a buoyant expansion. The pace of growth was the most pronounced in 2013 with an increase of 134%. Over the period under review, imports reached the maximum at X tons in 2019; however, from 2020 to 2022, imports failed to regain momentum.

In value terms, metal spring washer imports fell to $X in 2022. Over the period under review, imports, however, saw a strong increase. The most prominent rate of growth was recorded in 2013 when imports increased by 178% against the previous year. Imports peaked at $X in 2019; however, from 2020 to 2022, imports stood at a somewhat lower figure.

Imports by Country

China (X tons), Turkey (X tons) and Japan (X tons) were the main suppliers of metal spring washer imports to Kuwait, with a combined 69% share of total imports.

From 2012 to 2022, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by Turkey (with a CAGR of +61.9%), while imports for the other leaders experienced more modest paces of growth.

In value terms, China ($X) constituted the largest supplier of iron or steel spring washers to Kuwait, comprising 27% of total imports. The second position in the ranking was taken by Germany ($X), with a 10% share of total imports. It was followed by Japan, with a 9.2% share.

From 2012 to 2022, the average annual growth rate of value from China totaled +31.6%. The remaining supplying countries recorded the following average annual rates of imports growth: Germany (+15.5% per year) and Japan (+9.6% per year).

Import Prices by Country

In 2022, the average metal spring washer import price amounted to $X per ton, dropping by -3% against the previous year. Overall, the import price recorded a abrupt setback. The most prominent rate of growth was recorded in 2016 an increase of 48%. Over the period under review, average import prices attained the maximum at $X per ton in 2014; however, from 2015 to 2022, import prices failed to regain momentum.

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

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by the UK (+14.1%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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