Report Update Nov 1, 2024

Kuwait - Machines for Working Wire - Market Analysis, Forecast, Size, Trends and Insights

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Kuwait: Working Wire Machine Market 2024

Working Wire Machine Market Size in Kuwait

In 2021, the Kuwaiti working wire machine market decreased by 0% to less than $X, falling for the second consecutive year after two years of growth. In general, consumption saw prominent growth. As a result, consumption reached the peak level of $X. From 2020 to 2021, the growth of the market remained at a lower figure.

Working Wire Machine Production in Kuwait

In value terms, working wire machine production shrank significantly to $X in 2021 estimated in export price. Overall, production showed a dramatic decrease. Over the period under review, production attained the maximum level at $X in 2018; however, from 2019 to 2021, production remained at a lower figure.

Working Wire Machine Exports

Exports from Kuwait

In 2019, overseas shipments of machines for working wire decreased by -85.7% to X units for the first time since 2016, thus ending a two-year declining trend. Overall, exports, however, posted significant growth. The exports peaked at X units in 2018, and then dropped rapidly in the following year.

In value terms, working wire machine exports declined sharply to $X in 2019. In general, exports, however, enjoyed a significant expansion. Over the period under review, the exports reached the maximum at $X in 2018, and then contracted remarkably in the following year.

Exports by Country

Jordan (X units) and the United Arab Emirates (X units) were the main destinations of working wire machine exports from Kuwait. Moreover, working wire machine exports in Jordan exceeded the figures recorded by the second-largest exporter, the United Arab Emirates, twofold.

From 2014 to 2019, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by Jordan (with a CAGR of 0.0%).

In value terms, Jordan ($X) emerged as the key foreign market for machines for working wire exports from Kuwait, comprising 81% of total exports. The second position in the ranking was taken by the United Arab Emirates ($X), with a 19% share of total exports.

From 2014 to 2019, the average annual rate of growth in terms of value to Jordan was relatively modest.

Export Prices by Country

In 2019, the average working wire machine export price amounted to $X per unit, declining by -35.4% against the previous year. In general, the export price, however, showed resilient growth. The export price peaked at $X per unit in 2018, and then shrank markedly in the following year.

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

From 2014 to 2019, the most notable rate of growth in terms of prices was recorded for supplies to Jordan (0.0%), while the prices for the other major destinations experienced more modest paces of growth.

Working Wire Machine Imports

Imports into Kuwait

In 2021, the amount of machines for working wire imported into Kuwait soared to X units, picking up by 1,500% compared with the previous year's figure. Over the period under review, imports posted tangible growth. The pace of growth was the most pronounced in 2019 when imports increased by 6,117% against the previous year. Imports peaked at X units in 2017; however, from 2018 to 2021, imports remained at a lower figure.

In value terms, working wire machine imports surged to $X in 2021. Overall, imports posted a moderate expansion. Over the period under review, imports reached the maximum at $X in 2014; however, from 2015 to 2021, imports failed to regain momentum.

Imports by Country

China (X units), Italy (X units) and Turkey (X units) were the main suppliers of working wire machine imports to Kuwait, with a combined 53% share of total imports. India, the United Arab Emirates, Germany, the UK and the United States lagged somewhat behind, together comprising a further 45%.

From 2012 to 2021, the biggest increases were recorded for the United Arab Emirates (with a CAGR of +144.9%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, Germany ($X) constituted the largest supplier of machines for working wire to Kuwait, comprising 41% of total imports. The second position in the ranking was held by Italy ($X), with an 18% share of total imports. It was followed by the United Arab Emirates, with an 11% share.

From 2012 to 2021, the average annual rate of growth in terms of value from Germany amounted to +2.0%. The remaining supplying countries recorded the following average annual rates of imports growth: Italy (+16.1% per year) and the United Arab Emirates (+37.1% per year).

Import Prices by Country

In 2021, the average working wire machine import price amounted to $X per unit, shrinking by -31.5% against the previous year. Over the period under review, the import price, however, showed a slight increase. The most prominent rate of growth was recorded in 2018 when the average import price increased by 485% against the previous year. As a result, import price reached the peak level of $X per unit. From 2019 to 2021, the average import prices remained at a lower figure.

There were significant differences in the average prices amongst the major supplying countries. In 2021, amid the top importers, the country with the highest price was Germany ($X per unit), while the price for the UK ($X per unit) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by the United States (+6.8%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :

What are the largest markets for machines for working wire in the world?

The countries with the highest volumes of working wire machine consumption in 2021 were South Africa, China and the United States, with a combined 90% share of global consumption.

What are the largest producers of machines for working wire in the world?

China remains the largest working wire machine producing country worldwide, accounting for 74% of total volume. Moreover, working wire machine production in China exceeded the figures recorded by the second-largest producer, the United States, fivefold. The UK ranked third in terms of total production with a 1.8% share.

What are the leading suppliers of machines for working wire to Kuwait?

In value terms, Germany constituted the largest supplier of working wire machine to Kuwait, comprising 43% of total imports. The second position in the ranking was occupied by China, with a 19% share of total imports.

What is the average export price for machines for working wire in Kuwait?

In 2019, the average working wire machine export price amounted to $1,819 per unit, which is down by -24.4% against the previous year.

What is the average import price for machines for working wire in Kuwait?

The average working wire machine import price stood at $1,436 per unit in 2021, increasing by 93% against the previous year.

This report provides an in-depth analysis of the working wire machine market 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 28413450 - Machines for working wire (excluding draw-benches, thread rolling machines)

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