Kuwait: Market for Machines For Cleaning, Sorting Or Grading Seed, Grain Or Dried Leguminous Vegetables 2024

Market Size for Machines For Cleaning, Sorting Or Grading Seed, Grain Or Dried Leguminous Vegetables in Kuwait

In 2021, the Kuwaiti market for machines for cleaning, sorting or grading seed, grain or dried leguminous vegetables decreased by -0.9% to $X, falling for the third year in a row after four years of growth. In general, consumption, however, saw buoyant growth. Over the period under review, the market reached the peak level at $X in 2018; however, from 2019 to 2021, consumption failed to regain momentum.

Production of Machines For Cleaning, Sorting Or Grading Seed, Grain Or Dried Leguminous Vegetables in Kuwait

In value terms, production of machines for cleaning, sorting or grading seed, grain or dried leguminous vegetables stood at $X in 2021 estimated in export price. In general, production recorded strong growth. The pace of growth was the most pronounced in 2015 with an increase of 71% against the previous year. Over the period under review, production of attained the peak level at $X in 2018; however, from 2019 to 2021, production failed to regain momentum.

Exports of Machines For Cleaning, Sorting Or Grading Seed, Grain Or Dried Leguminous Vegetables

Exports from Kuwait

In 2021, shipments abroad of machines for cleaning, sorting or grading seed, grain or dried leguminous vegetables decreased by -11.9% to X units, falling for the seventh year in a row after three years of growth. In general, exports, however, saw a prominent expansion. The growth pace was the most rapid in 2014 with an increase of 220% against the previous year. As a result, the exports attained the peak of X units. From 2015 to 2021, the growth of the exports of remained at a somewhat lower figure.

In value terms, exports of machines for cleaning, sorting or grading seed, grain or dried leguminous vegetables fell to $X in 2021. Over the period under review, exports, however, showed a resilient increase. The most prominent rate of growth was recorded in 2013 when exports increased by 84%. Over the period under review, the exports of attained the maximum at $X in 2016; however, from 2017 to 2021, the exports failed to regain momentum.

Exports by Country

Saudi Arabia (X units) was the main destination for exports of machines for cleaning, sorting or grading seed, grain or dried leguminous vegetables from Kuwait, accounting for a approx. 100% share of total exports.

From 2012 to 2021, the average annual rate of growth in terms of volume to Saudi Arabia amounted to +7.8%.

In value terms, Saudi Arabia ($X) remains the key foreign market for machines for cleaning, sorting or grading seed, grain or dried leguminous vegetables exports from Kuwait, comprising 25% of total exports. The second position in the ranking was taken by India ($X), with a 1.8% share of total exports.

From 2012 to 2021, the average annual growth rate of value to Saudi Arabia stood at +39.4%.

Export Prices by Country

In 2021, the average export price for machines for cleaning, sorting or grading seed, grain or dried leguminous vegetables amounted to $X per unit, declining by -2.7% against the previous year. In general, the export price, however, recorded a moderate expansion. The growth pace was the most rapid in 2016 when the average export price increased by 78%. As a result, the export price attained the peak level of $X per unit. From 2017 to 2021, 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 Saudi Arabia.

From 2012 to 2021, the rate of growth in terms of prices for Saudi Arabia amounted to +29.3% per year.

Imports of Machines For Cleaning, Sorting Or Grading Seed, Grain Or Dried Leguminous Vegetables

Imports into Kuwait

In 2021, overseas purchases of machines for cleaning, sorting or grading seed, grain or dried leguminous vegetables decreased by -47.7% to X units, falling for the second consecutive year after two years of growth. Overall, imports, however, showed a significant expansion. The pace of growth was the most pronounced in 2013 when imports increased by 442%. Over the period under review, imports of hit record highs at X units in 2019; however, from 2020 to 2021, imports remained at a lower figure.

In value terms, imports of machines for cleaning, sorting or grading seed, grain or dried leguminous vegetables reduced remarkably to $X in 2021. Over the period under review, imports, however, saw resilient growth. The most prominent rate of growth was recorded in 2019 when imports increased by 664% against the previous year. As a result, imports attained the peak of $X. From 2020 to 2021, the growth of imports of remained at a somewhat lower figure.

Imports by Country

The Netherlands (X units), Spain (X units) and Italy (X units) were the main suppliers of imports of machines for cleaning, sorting or grading seed, grain or dried leguminous vegetables to Kuwait, with a combined 63% share of total imports.

From 2012 to 2021, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by Spain (with a CAGR of +34.1%), while imports for the other leaders experienced more modest paces of growth.

In value terms, France ($X), Spain ($X) and Italy ($X) were the largest seed cleaning, sorting and grading machine suppliers to Kuwait, with a combined 51% share of total imports. These countries were followed by Poland, Germany, Austria, China, the Netherlands, Belgium, Syrian Arab Republic, Jordan and Iran, which together accounted for a further 23%.

China, with a CAGR of +46.1%, saw the highest growth rate of the value of imports, in terms of the main suppliers 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 machines for cleaning, sorting or grading seed, grain or dried leguminous vegetables stood at $X per unit in 2021, declining by -20.9% against the previous year. Over the period under review, the import price showed a deep slump. The most prominent rate of growth was recorded in 2019 when the average import price increased by 175% against the previous year. The import price peaked at $X per unit in 2013; however, from 2014 to 2021, 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 Poland ($X per unit), while the price for Jordan ($X per unit) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by China (+21.7%), while the prices for the other major suppliers experienced a decline.

Source: IndexBox Platform

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