Report Update Nov 1, 2024

Kuwait - Machines for Balancing Mechanical Parts - Market Analysis, Forecast, Size, Trends and Insights

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Kuwait: Market for Machines For Balancing Mechanical Parts 2024

Market Size for Machines For Balancing Mechanical Parts in Kuwait

In 2021, the Kuwaiti balancing mechanical parts machine market increased by 0.2% to $X, rising for the second consecutive year after three years of decline. Overall, consumption, however, saw a buoyant expansion. Over the period under review, the market hit record highs at $X in 2016; however, from 2017 to 2021, consumption remained at a lower figure.

Exports of Machines For Balancing Mechanical Parts

Exports from Kuwait

In 2021, balancing mechanical parts machine exports from Kuwait soared to X units, increasing by 89% against the previous year. In general, exports continue to indicate significant growth. The most prominent rate of growth was recorded in 2016 with an increase of 4,550%. Over the period under review, the exports hit record highs at X units in 2019; however, from 2020 to 2021, the exports failed to regain momentum.

In value terms, balancing mechanical parts machine exports soared to $X in 2021. Over the period under review, exports posted a significant increase. The pace of growth was the most pronounced in 2016 when exports increased by 1,535% against the previous year. Over the period under review, the exports attained the peak figure at $X in 2019; however, from 2020 to 2021, the exports remained at a lower figure.

Exports by Country

The United Arab Emirates (X units) was the main destination for balancing mechanical parts machine exports from Kuwait, with a 93% share of total exports. Moreover, balancing mechanical parts machine exports to the United Arab Emirates exceeded the volume sent to the second major destination, Saudi Arabia (X units), more than tenfold.

From 2012 to 2021, the average annual rate of growth in terms of volume to the United Arab Emirates stood at +115.4%.

In value terms, the United Arab Emirates ($X) remains the key foreign market for machines for balancing mechanical parts exports from Kuwait, comprising 96% of total exports. The second position in the ranking was taken by Saudi Arabia ($X), with a 3.5% share of total exports.

From 2012 to 2021, the average annual growth rate of value to the United Arab Emirates stood at +111.0%.

Export Prices by Country

The average balancing mechanical parts machine export price stood at $X per unit in 2021, waning by -26.9% against the previous year. Overall, the export price recorded a abrupt downturn. The most prominent rate of growth was recorded in 2018 when the average export price increased by 42% against the previous year. The export price peaked at $X per unit in 2014; however, from 2015 to 2021, the export prices stood at a somewhat lower figure.

Prices varied noticeably country of destination: the country with the highest price was the United Arab Emirates ($X per unit), while the average price for exports to Saudi Arabia amounted to $X per unit.

From 2012 to 2021, the most notable rate of growth in terms of prices was recorded for supplies to the United Arab Emirates (-0.9%).

Imports of Machines For Balancing Mechanical Parts

Imports into Kuwait

In 2021, after two years of growth, there was decline in supplies from abroad of machines for balancing mechanical parts, when their volume decreased by -3.4% to X units. Overall, imports, however, posted a significant expansion. The growth pace was the most rapid in 2014 with an increase of 188% against the previous year. Imports peaked at X units in 2016; however, from 2017 to 2021, imports failed to regain momentum.

In value terms, balancing mechanical parts machine imports surged to $X in 2021. Over the period under review, imports, however, posted buoyant growth. As a result, imports attained the peak and are likely to continue growth in the immediate term.

Imports by Country

The United States (X units), Taiwan (Chinese) (X units) and Sweden (X units) were the main suppliers of balancing mechanical parts machine imports to Kuwait, with a combined 83% share of total imports.

From 2012 to 2021, the biggest increases were recorded for Taiwan (Chinese) (with a CAGR of +113.3%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, the United States ($X) constituted the largest supplier of machines for balancing mechanical parts to Kuwait, comprising 72% of total imports. The second position in the ranking was taken by Italy ($X), with a 7% share of total imports. It was followed by India, with a 2.7% share.

From 2012 to 2021, the average annual rate of growth in terms of value from the United States stood at +16.8%. The remaining supplying countries recorded the following average annual rates of imports growth: Italy (-2.1% per year) and India (+20.3% per year).

Import Prices by Country

The average balancing mechanical parts machine import price stood at $X per unit in 2021, with an increase of 89% against the previous year. Overall, the import price, however, recorded a deep setback. The import price peaked at $X per unit in 2013; however, from 2014 to 2021, import prices failed to regain momentum.

There were significant differences in the average prices amongst the major supplying countries. In 2021, the country with the highest price was the United States ($X per unit), while the price for Taiwan (Chinese) ($X per unit) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Germany (+12.0%), 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 machines for balancing mechanical parts in the world?

The countries with the highest volumes of in 2021 were China, the United States and Germany, with a combined 44% share of global consumption. India, Japan, Russia, Thailand, Indonesia, Turkey, Mexico, Poland, Saudi Arabia and Italy lagged somewhat behind, together accounting for a further 33%.

What are the largest producers of machines for balancing mechanical parts in the world?

The countries with the highest volumes of in 2021 were China, the United States and India, with a combined 40% share of global production. These countries were followed by Italy, Germany, Japan, Russia, Thailand, Indonesia, Mexico, Turkey, Saudi Arabia and Democratic Republic of the Congo, which together accounted for a further 48%.

What are the leading suppliers of machines for balancing mechanical parts to Kuwait?

In value terms, the United States constituted the largest supplier of balancing mechanical parts machine to Kuwait, comprising 71% of total imports. The second position in the ranking was occupied by Italy, with a 6.9% share of total imports. It was followed by China, with a 4.7% share.

What are the leading importers of machines for balancing mechanical parts from Kuwait?

In value terms, the United Arab Emirates remains the key foreign market for balancing mechanical parts machine exports from Kuwait, comprising 96% of total exports. The second position in the ranking was occupied by Saudi Arabia, with a 3.5% share of total exports.

What is the average export price for machines for balancing mechanical parts in Kuwait?

The average balancing mechanical parts machine export price stood at $588 per unit in 2021, falling by -18.4% against the previous year.

What is the average import price for machines for balancing mechanical parts in Kuwait?

The average balancing mechanical parts machine import price stood at $497 per unit in 2021, growing by 72% against the previous year.

This report provides an in-depth analysis of the market for balancing mechanical parts 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 28993970 - Machines for balancing mechanical parts

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